PROPEL GLOBAL BERHAD

KLSE (MYR): PGB (0091)

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Last Price

0.105

Today's Change

-0.01 (8.70%)

Day's Change

0.105 - 0.115

Trading Volume

125,000


30 people like this.

9,727 comment(s). Last comment by micheal42 2024-07-17 21:52

IVAN2222

2,094 posts

Posted by IVAN2222 > 2014-11-04 16:54 | Report Abuse

daya go holland.......sellllllllllllllll

IVAN2222

2,094 posts

Posted by IVAN2222 > 2014-11-04 16:55 | Report Abuse

no more rebound on daya!!!! ^____^

Secrecy

748 posts

Posted by Secrecy > 2014-11-04 17:38 | Report Abuse

Don't pretend smart or sell call .
Others who read these forum , find out who is the thirty largest holders . Are they selling any shares? Ex director still continue selling action ?
Small holders causes panic. Be moral , don't reveal what in your mind . I could analyse you psychologically by each words you have typed .
But I do encourage speculators to sell , this stock will up at the time you have frustrated .

Secrecy

748 posts

Posted by Secrecy > 2014-11-04 17:47 | Report Abuse

1:Suicide stock , I was wondering that what stock will guarantee unsuicidable ?
2:Con stock , no con stock existing at all , the one who con yourself is you , think properly , e.g. I want to earn plenty of money from this stock ..
3:TP 0.12 or 0.14 , how you know that ...are you ready a bulk of cash to buy at that range? If so , are you ready to be suicidal again ? Or be self-conned again ?
4: champions in MOU and court suits , are you champion in making money? I just see you are only champion making unnecessary unethical rumour.

Secrecy

748 posts

Posted by Secrecy > 2014-11-04 17:51 | Report Abuse

Friendly advise:
Open bursa portal , search Daya . Read its historical informations and financial report .
An idiom from western philosopher : you can't see anything if you look too close .

ahsoo

42 posts

Posted by ahsoo > 2014-11-06 07:54 | Report Abuse

dont invest more in this counter and dont sell your shares.
Let's recall what big shark doing: when whole market rise, daya rise 0.05sen, but when d market dropped, daya dropped 1sen~2sen (very efficient).

Don't panic and just watch big shark perform, maybe you can calculate how much of processing fees they lose. if price is less than RM0.15, i shall consider invest more.

Posted by youmeyoume > 2014-11-06 13:16 | Report Abuse

hahaha, still many ppl put their hope in this counter, as i say run earlier, luckily i ran earlier, although i loss, but not sit n pray for raising soon. let those big fish keep making profit us is not my choice

another77

233 posts

Posted by another77 > 2014-11-06 14:38 | Report Abuse

@youmeyoume, if you have sold all Daya and have no confident on this counter, why bother to come back to this forum again? That mean you still love Daya for whatever you have said. hahahaha

ahsoo

42 posts

Posted by ahsoo > 2014-11-06 18:35 | Report Abuse

That's ok for me to park rm235 at here to watch a monkey show. I am waiting for rm0.15 ;-)

skybursa

1,486 posts

Posted by skybursa > 2014-11-10 22:29 | Report Abuse

Throw all minyak counter . Disaster for minyak counter

Posted by arbainmahmood > 2014-11-12 13:13 | Report Abuse

Daya is my 1st stock & loss.. TQ coz has taught me a lot here.

ahsoo

42 posts

Posted by ahsoo > 2014-11-12 22:19 | Report Abuse

ya!!! euro markets drop now, i think daya's big shark will follow the trend to make it drop tomorrow. RM0.15 pls!!!!!

cipapo

1,288 posts

Posted by cipapo > 2014-11-13 07:31 | Report Abuse

mazlin just resigned from reach....insider sources ....he will be returning to daya with bigger projects...monkey show in the middle of the year to collect daya at lowest price....now!

bluechip

338 posts

Posted by bluechip > 2014-11-13 15:09 | Report Abuse

mazlin like frog only...jumping here and there..

Posted by Nothingtodo > 2014-11-13 17:13 | Report Abuse

buy at lower price!!! TP 0.35...

wanshare

196 posts

Posted by wanshare > 2014-11-14 19:59 | Report Abuse

I think the rights issue price will be 0.16. That means they will push the price down to 0.2.

skybursa

1,486 posts

Posted by skybursa > 2014-11-14 20:19 | Report Abuse

Nobody going to pay extra cash in bear market

bluechip

338 posts

Posted by bluechip > 2014-11-17 09:48 | Report Abuse

anyhow we will knw after the agm

sn2k

13 posts

Posted by sn2k > 2014-11-17 10:29 | Report Abuse

Right issue shud b at 18cts but dont know attached with warrant?

gohlai

469 posts

Posted by gohlai > 2014-11-19 10:25 | Report Abuse

good news coming!!!...better buy...now

IVAN2222

2,094 posts

Posted by IVAN2222 > 2014-11-19 10:48 | Report Abuse

may i know who is eligible to attend AGM? what's the requirement or condition?

IVAN2222

2,094 posts

Posted by IVAN2222 > 2014-11-19 10:48 | Report Abuse

sorry...it's EGM

IVAN2222

2,094 posts

Posted by IVAN2222 > 2014-11-20 12:08 | Report Abuse

why so quiet in this forum?

skybursa

1,486 posts

Posted by skybursa > 2014-11-20 13:09 | Report Abuse

Daya is dying . That's why so quiet .

Posted by Chong Teck Yoon > 2014-11-24 22:11 | Report Abuse

daya participate in this news??

insightsss

131 posts

Posted by insightsss > 2014-11-25 12:10 | Report Abuse

any updates

phye

45 posts

Posted by phye > 2014-11-25 12:12 | Report Abuse

anyone know when will announce Rights issue price. Estimate how much?

mofaz14

19 posts

Posted by mofaz14 > 2014-11-25 18:08 | Report Abuse

Good QR...

cipapo

1,288 posts

Posted by cipapo > 2014-11-25 20:07 | Report Abuse

daya posted approx 8.9 million revenue!....tomorrow will FLY HIGH~~....
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=D&securityCode=0091

those who sold the stock today must be regretting...hahaha...
patience pays...

cipapo

1,288 posts

Posted by cipapo > 2014-11-25 20:08 | Report Abuse

so quiet...because syndicates are collecting at low low prices when stupid fellas cutting loss.....

newbird01

248 posts

Posted by newbird01 > 2014-11-25 20:13 | Report Abuse

profit increased!!!!!!!!!!!!!!!!!!!!!!!

sonic008

94 posts

Posted by sonic008 > 2014-11-25 20:44 | Report Abuse

finally,see some profit for daya......

gohlai

469 posts

Posted by gohlai > 2014-11-25 20:49 | Report Abuse

this stock is already undervalue for a while...it will definitely up...1st TP 0.35 ....0.60...1.00...mazlin will be bringing in more revenue once officially join daya...reach energy remains a spac company without business...

ItoldUSO

19 posts

Posted by ItoldUSO > 2014-11-26 00:42 |

Post removed.Why?

wanshare

196 posts

Posted by wanshare > 2014-11-26 02:59 | Report Abuse

Daya's price cannot go up as long as the price fixed for the rights issue is not completed. They will press down the price to around 0.20 so that the rights price will be 0.16. After the announcement of the rights price then only will the share price shoot up in December.

gohlai

469 posts

Posted by gohlai > 2014-11-26 05:36 | Report Abuse

thats what u think only

skybursa

1,486 posts

Posted by skybursa > 2014-11-26 09:29 | Report Abuse

After shareholders subscribe the right issues than only worst selling begin when everyone keep dumping . Mark my words .

mililia

227 posts

Posted by mililia > 2014-11-26 23:24 | Report Abuse

The share price will go up as it gets closer to the completion of the proposed fund raising. It is just a matter of time. It is very unfortunate the share price is at current level just because MIS-management of the investors expectation 2 quarters ago. It just show market can be very unforgiving. But that said, it was the thing on the past and Daya has managed to recover from that unfortunate event. Moving forwards, things are looking brighter for Daya.

The reasons are simple:-
1. The company is moving into higher margin O&G business supported by its existing business. While the number has not shown yet (but improving) one can be sure the numbers will come in the future because the past quarters involved the setup cost of the subsea business. But this is one off expense. Contribution of O&G will definitely improved.

2. The proposed corporate exercise is to reduce the OPEX of the subsea business simply by acquiring the vessel rather than paying the lease. Therefore, the margin will definitely improved once they acquired the ship. The saving is around RM20mil/year.

3. If you read all the analysts reports one will come across the concern of dilution from the corporate exercise. It is sad to say the analysts didn't do their homework properly. Why? Simple. If you extrapolate current earnings and use it as a guide for future earnings, definitely there will be dilution on EPS. But that is a wrong method. The right way is omit/add back the one off setup cost for the subsea business and assume saving from the acquisition of the vessels. It will substantially normalised the earnings due to lack of one off expense and margin expansion from reducing OPEX. Then Daya will be trading at mid-high single digit PER valuation. And it's cheap!

4. If you look at 9M2014 result you will notice YTD, O&G and Technical Services managed to record RM236mil and RM230mil revenue respectively. However, profit contribution for O&G is only RM6.2mil whereas technical services is RM21mil. Now does it make sense why Daya wants to enter this business so much (doing corporate exercise and all) but profit contribution is so low,ie, low margin? No, it doesn't make sense. The culprit is because of the one off set up cost. The margin for O&G should be higher than technical services. So I'm not surprise normalised O&G profit contribution is more than RM25mil a year (before acquiring the vessels). So there is a lot of earnings surprises in the future in my opinion.

Lastly, if Daya needs to raise money from the market to acquire the vessels, do you think it make sense for Daya to raise money when the share price is at the trough? No way... Because it is silly. That's the reason why whenever there is a share placement or cash call from rights issue, you will see the "invisible hand" pushing the share price up before the corporate exercise. And it will go up for few days because the calculation of Theoretical ex-rights price is based 5 days VWAP. No company will wants to issue rights share at low price because that equals more shares issued=dilution.

So I'm not surprise in these few days Daya share price will moves up not because of the invisible hands but also because the prospect of the company has improved. The past 2 quarters have already shown and it is only at the tips of the iceberg of what are coming. Secondly, they will announce what's the subscription price of the rights share soon. In the short term, share price may go up to RM0.28-0.30. But in long term, in a year time it may doubled from current price of RM0.22.

That's my 2 cent.

stainlyho37

2,277 posts

Posted by stainlyho37 > 2014-11-27 09:24 | Report Abuse

yes...very stable management with constant earning...go in now with tp 0.255 !!!

Posted by Faiz Mokhtar > 2014-11-27 10:53 | Report Abuse

new contract is coming. early xmas gift

newbird01

248 posts

Posted by newbird01 > 2014-11-27 11:14 | Report Abuse

finally this day coming......

skybursa

1,486 posts

Posted by skybursa > 2014-11-27 16:10 | Report Abuse

Get ready to borrow from ah long to subscribe for right issues

Posted by winwinwin88 > 2014-11-27 16:57 | Report Abuse

when is the rights issue listing?

mililia

227 posts

Posted by mililia > 2014-11-27 21:43 | Report Abuse

I got a lot of PM after my write up yesterday so I am going to break them into two parts. Hopefully it will help.

1. winwinwin88 If you read the circular it was said it will be completed by 1Q2015. But I strongly believe it will be done early 1Q2015 because the vendor of the vessels would want to be paid ASAP.

2. There is minor errata on my earlier posting. I mentioned the saving which will flow down to net profit is RM20mil. But what I forgot to write down it is RM20mil per vessel. So total saving is RM40mil which will flow down as pure profit to the company every year. I didn't create the figure but that figure was given in the circular which is available on the Bursa website on 17 November 2014. Open the PDF file and refer to page 4 and you will see the calculation and basis.

--- I am thankful for the reader that reminded me of the errata because this "saving" itself already represent 2x ( double) the earnings of 2012 which is RM20mil and 2013 which is RM19mil (after added back the 15mil losses from subsea due to mismanagement). All these earnings are prior to the saving from acquiring the vessel. We are talking about saving of RM40mil after acquiring the vessel before talking about contribution from technical services and O&G. So if you are to assume normalised earnings of RM20mil for 2015, then the saving from acquiring the vessel will bump the earnings to RM60mil for 2015. That is a huge jump of earnings from previous year.

The risk however is Daya's execution in their subsea business segment. If they do well, then RM60mil is achievable in my opinion. But we all know the upside prospect is there...to believe or not is up to investors appetite. I like to believe market are not giving them the benefit of doubt judging from the share price. But that's the beauty of this... Buying a good company cheap when people hated them.

I will post the second part on why I think the share price will move up based on the structure of the corporate exercise. Since there are readers that request, I will try my best to answer. Again all these are available in the announcement via circular. All these numbers are not created by me.

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