ANCOM LOGISTICS BERHAD

KLSE (MYR): ANCOMLB (0048)

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Last Price

0.14

Today's Change

0.00 (0.00%)

Day's Change

0.135 - 0.14

Trading Volume

213,500


6 people like this.

5,137 comment(s). Last comment by jomvalueinvest2 1 month ago

Pershing

214 posts

Posted by Pershing > 2020-07-27 11:54 | Report Abuse

agree with nocommenta, new parties has no shares yet, i think they don,t play yet. Wait for new shares issue

nokia8250

352 posts

Posted by nokia8250 > 2020-07-27 13:35 | Report Abuse

What the hell is wrong with Moneygame33, promoting Boustead in multiple lines?

zadouji

73 posts

Posted by zadouji > 2020-07-27 13:38 | Report Abuse

When will Ancomlb announce next quarter?

Posted by bignate2019 > 2020-07-27 15:19 | Report Abuse

I think q report is not really the event we shd want to see. What is important announcement on rto and niis

Moneygame33

1,101 posts

Posted by Moneygame33 > 2020-07-27 17:55 | Report Abuse

我在这里恭喜大家 明天跟上一沉楼。。。收的美美 十字星带量。。明天再出个孕线就hosei。。。我只是跟图这样说。。。买卖自负。。。

Moneygame33

1,101 posts

Posted by Moneygame33 > 2020-07-27 17:55 | Report Abuse

明天会再来一坡 TP 自己看

Moneygame33

1,101 posts

Posted by Moneygame33 > 2020-07-27 17:57 | Report Abuse

这个游戏才刚刚 开始,没这样快 GAME OVER

Posted by kedahman7968 > 2020-07-27 20:39 | Report Abuse

@moneygame33 请问一下TP多少呢?

Posted by nocommenta > 2020-07-27 23:08 | Report Abuse

with the recent rise in price, along with the owner's history, not favourable for RTO using this counter.

Why want to take so much risk when such a big project is at stake?

1.) First off, high price is not beneficial to potential new owners, given that they have not owned any shares in this counter.
2.) Number of Shares Outstanding also very small.
3.) Owner's history also may complicate deal
4.) SC may not approve last minute

All of the above serve to only complicate or throw a spanner in the works. More so, when the project announcement due is around the corner.

Moneygame33

1,101 posts

Posted by Moneygame33 > 2020-07-28 08:59 | Report Abuse

kedahman7968 @moneygame33 请问一下TP多少呢?

看自己tp 要多少卖不要看人的

Moneyteam

166 posts

Posted by Moneyteam > 2020-07-28 12:21 | Report Abuse

I realised everytime when almost llunch time.... accumulation will start .... seem like someone is collecting

blahbleh

331 posts

Posted by blahbleh > 2020-07-28 15:24 | Report Abuse

what sort of movement is this.....changing hands

suregoup

240 posts

Posted by suregoup > 2020-07-28 21:18 | Report Abuse

good news coming

Santiago

459 posts

Posted by Santiago > 2020-07-28 23:12 | Report Abuse

Wohooo.... tmrw will fly to the moon!

High5

1,269 posts

Posted by High5 > 2020-07-28 23:29 | Report Abuse

Cfmed S5 RTO of Connect County OFF

High5

1,269 posts

Posted by High5 > 2020-07-28 23:30 | Report Abuse

KUALA LUMPUR (July 28): Cable and wire manufacturer ConnectCounty Holdings Bhd said today it has ceased all negotiations pertaining to the possible reverse takeover (RTO) exercise involving S5 Systems Sdn Bhd.

This comes after it was reported last Monday that Ancom Logistics Bhd had proposed an RTO exercise which entailed the acquisition of the entire share capital in S5 Holdings Inc — the parent company of S5 Systems.

S5 Systems was reported to be one of the front runners to bid for the new National Immigration Integration System project, which is expected to be awarded in the third quarter of this year.

In an earlier filing with Bursa Malaysia on June 16, ConnectCounty said it was in negotiations with the relevant party pertaining to the possible RTO involving S5 Systems.

From the start of June, ConnectCounty shares jumped by three times, reaching a peak of 39 sen on June 15, from 13 sen. Thereafter, the stock is seen trending downwards.

The counter closed unchanged today at 15.5 sen, valuing the group at RM78.9 million. Since its peak price on June 15, the stock has lost some 60%.

High5

1,269 posts

Posted by High5 > 2020-07-28 23:34 | Report Abuse

Hopefully Ancom Logistic n S5 deal is firm...time factor...Aug annoucement of NIIS contract...no more news fr Ancom Group thus far since the 1st announcement

zadouji

73 posts

Posted by zadouji > 2020-07-29 00:10 | Report Abuse

Release the kraken

AQVARIO

42 posts

Posted by AQVARIO > 2020-07-29 03:18 | Report Abuse

Disconnected and its all on Ancomlb now.. Flying soon...

Posted by idontknowimnotexpert > 2020-07-29 10:23 | Report Abuse

why still no up?

Pershing

214 posts

Posted by Pershing > 2020-07-29 14:31 | Report Abuse

My advice wait for new shares listing, the co are not ready. You can do your own research on how long it's take to do rto. Malaysia Focus news are not accurate.

High5

1,269 posts

Posted by High5 > 2020-07-29 15:32 | Report Abuse

By Syafiqah Salim | theedgemarkets.com | 2020-07-29 14:15:25
KUALA LUMPUR (July 29): Copper wire and rod maker Ta Win Holdings Bhd has teamed up with a Terengganu strategic investment agency to jointly develop an industrial park at a gross development cost of RM2.4 billion in Kemaman, Terengganu.

Ta Win said the proposed joint venture (JV) will enable its business operations to be further integrated into the supply chain of the non-ferrous metal industry as the industry players from upstream and downstream of the supply chain of that industry are pooled together to form an industrial ecosystem in the industrial park.

In a bourse filing today, Ta Win said it has entered into a JV agreement (JVA) with Perbadanan Memajukan Iktisad Negeri Terengganu (PMINT) for the proposed development likened to the Kitakyushu Eco-Town project in Fukuoka, Japan.

Measuring 500 acres, the Terengganu Ecocycle Park is expected to facilitate the industry innovation, delivery of significant impact in the usage of recycling raw materials and waste reduction, addressing the environmental conservation and climate change issues through responsible consumption and production, as well as collaborations and partnerships between the public and private sectors to promote sustainable economic growth, it added.

Under the JVA, a JV company called Ta Win Copper Ecocycle Sdn Bhd will be established to facilitate the proposed development. Ta Win will hold an 80% stake in Ta Win Copper Ecocycle, while PMINT will own the remaining 20% shares.

According to Ta Win, the Terengganu Ecocycle Park, comprising core technology zone, sub-core technology zone and supporting technology zone, will be developed in four phases.

As at July 28, 2020, Ta Win had shortlisted a number of the experts and consultants required for the studies to finalise the development plan of the industrial park.

Ta Win estimates that the full development and commissioning of the Terengganu Ecocycle Park will take over nine years.

In a separate statement, Ta Win group managing director Datuk Seri Ngu Tieng Ung said the Terengganu Ecocycle Park will be the first-of-its-kind in Southeast Asia. "We will be able to propel the sustainable long-term development of the non-ferrous metal industry. In fact, to lead the way forward and promote environmental conservation and sustainability in the non-ferrous metal industry supply chain, Ta Win will be relocating our existing headquarters and factories to the core technology zone of the park,” he added.

The group expects to fund the development of the Terengganu Ecocycle Park with its internal funds, bank borrowings and/or other funding alternatives which may include equity fundraising exercises to be undertaken by the company.

"The proposed JV is expected to contribute positively to the group's future earnings arising from the undertaking of the development of the Terengganu Ecocycle Park. Any profit attributable would be realised in stages over the tenure of the development of the Terengganu Ecocycle Park based on the progress of the said development," said Ta Win.

goodgain

180 posts

Posted by goodgain > 2020-07-29 16:37 | Report Abuse

Sell on news?

blahbleh

331 posts

Posted by blahbleh > 2020-07-29 17:40 | Report Abuse

good closing

winmal

1,128 posts

Posted by winmal > 2020-08-17 15:45 | Report Abuse

sell to take profit

Moneyteam

166 posts

Posted by Moneyteam > 2020-07-30 15:40 | Report Abuse

Thanks to those selling ... manage to top up some cheap one lagi

winmal

1,128 posts

Posted by winmal > 2020-07-30 16:07 | Report Abuse

now buyback again

winmal

1,128 posts

Posted by winmal > 2020-07-30 16:25 | Report Abuse

TP : RM1 after RTO S5

AQVARIO

42 posts

Posted by AQVARIO > 2020-07-30 16:58 | Report Abuse

Last chance to buy low.. Next week announced...

Moneyteam

166 posts

Posted by Moneyteam > 2020-07-30 17:50 | Report Abuse

This seem getting real ! Principal adviser appointed for the RTO

We refer to the announcement dated 16 July 2020 (Ref. No. GA1-15072020-00104) in relation to the HOA for the Proposed Corporate Exercise (“Announcement”). Unless otherwise defined, the abbreviations and definitions used in this announcement shall be the same as those previously defined in the Announcement.



Further to the Announcement, the Board of Directors of ALB wishes to announce that on 30 July 2020, TA Securities Holdings Berhad has been appointed as the Principal Adviser for the Proposed Corporate Exercise. The terms and scheme have yet to be finalised at this juncture and appropriate announcements will be made in due course upon finalisation of the definitive agreements.



This announcement is dated 30 July 2020.

Trade111

101 posts

Posted by Trade111 > 2020-07-30 17:51 | Report Abuse

Great news

Moneyteam

166 posts

Posted by Moneyteam > 2020-07-30 17:58 | Report Abuse

Luckily top up sikit lagi today ... QR out and is bad but I do not think it implies anything if they going for RTO

Kok Heng

166 posts

Posted by Kok Heng > 2020-07-30 18:06 | Report Abuse

Further to the Announcement, the Board of Directors of ALB wishes to announce that on 30 July 2020, TA Securities Holdings Berhad has been appointed as the Principal Adviser for the Proposed Corporate Exercise. The terms and scheme have yet to be finalised at this juncture and appropriate announcements will be made in due course upon finalisation of the definitive agreements.

Kok Heng

166 posts

Posted by Kok Heng > 2020-07-30 18:07 | Report Abuse

Lai liao lai liao. This time is real. If not real, why appoiny Principal Advisor??

winmal

1,128 posts

Posted by winmal > 2020-07-30 21:11 | Report Abuse

Monday limit up

jlong23

199 posts

Posted by jlong23 > 2020-07-30 22:00 | Report Abuse

Any learned corporate finance person would know that an IB willing to sponsor a RTO case must have already a certain level of confidence on the viability of the execution from start to finish. Congrats to S5 and ALB team for having found an IB. Best of luck to TA Securities and also to all shareholders :)

mf

28,455 posts

Posted by mf > 2020-07-30 22:15 | Report Abuse

30-Jul-2020 31-May-2020 6,841 81 -590 -700 -8.62% -3.00% -0.15 0.00 0.0500 -374.51% -324.24%

Moneyteam

166 posts

Posted by Moneyteam > 2020-07-30 22:29 | Report Abuse

Hmmm now finally my question last few days is answered ! Why there is always strong collection at certain price range ... congratz to those that hold ... today a lot sell and take profit might because of long weekend and panick sell after afternoon session

AQVARIO

42 posts

Posted by AQVARIO > 2020-07-31 08:20 | Report Abuse

#moneyteam yeah seems somebody is pushing down the proce and collecting low since monday.. observed that too.. Friday drops because of profit taking and also overall panic red index...

High5

1,269 posts

Posted by High5 > 2020-07-31 09:23 | Report Abuse

Friday dropped partly bcos the whole group ..
the 3 listed cos posted vr bad qr...

High5

1,269 posts

Posted by High5 > 2020-07-31 09:24 | Report Abuse

Ancom logistic is riding on this rto news or else price would fall further

Moneyteam

166 posts

Posted by Moneyteam > 2020-07-31 11:00 | Report Abuse

@high5 but I doubt no IB willing to sponsor the RTO case if they dont have confidence on vialibilty of the case just like @Kok Heng said earlier ... Thing seem getting real ! Monday up up up up !

Moneyteam

166 posts

Posted by Moneyteam > 2020-07-31 11:00 | Report Abuse

Sorry is as said by @jlong23 earlier comment

pharm612

58 posts

Posted by pharm612 > 2020-08-01 15:49 | Report Abuse

In Sept 2017 , after Vizione completed RTO of Astral Supreme ,the stock price increased
all the way to RM 1.12 from RM0.12 for those who have the patience to hold on their stocks.

Moneyteam

166 posts

Posted by Moneyteam > 2020-08-01 18:57 | Report Abuse

Soon to happen bro ! Next week will be a good week ... at least some positive direction shown by appointing principal adviser !!! Go go go rocket to the moon !!!

skullstock

177 posts

Posted by skullstock > 2020-08-02 21:58 | Report Abuse

2morow limit up ... What @moneyteam said make good sense ... going to add some position tommorow before new announcement made

nokia8250

352 posts

Posted by nokia8250 > 2020-08-03 10:00 | Report Abuse

Where's the limit up? LOL.

nokia8250

352 posts

Posted by nokia8250 > 2020-08-03 15:09 | Report Abuse

Counter dead, people who had so much faith in this country today also quite dead. Odd.

Posted by idontknowimnotexpert > 2020-08-03 15:17 | Report Abuse

dead?

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