@newbie91 ,can answer u now, very clearly why yesterday up. because mgt wants to raise pp price by a bit,5 days from today 18dec & backwards. The 2.5 cts up will raise the pp price by 1-2 cts to 0.345 . today abt 5 big single transaction of abt 2m,6m,4m,6m,4m traded at 0.395.Rest assured the 0.395 will be hit again very soon.pp price will also provide another long term support level at 0.35. my conviction is , if convertible loan stock announce will rally above strong resistance at 0.41, because the icul will be somewhat self propagating.The more daya goes up , the more one make from the icul.PP already issued to someone at 0.345. proceeds from pp to be received on 23 dec13.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING DAYA MATERIALS BERHAD (‘‘DMB” OR "THE COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DMB (“PROPOSED PRIVATE PLACEMENT”)
DAYA MATERIALS BERHAD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description DAYA MATERIALS BERHAD (‘‘DMB” OR "THE COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF DMB (“PROPOSED PRIVATE PLACEMENT”)
We refer to the announcement dated 21 October 2013 in relation to the Proposed Private Placement. All abbreviations herein shall have the same meanings as those used in the announcement dated 21 October 2013 unless stated otherwise.
On behalf of the Board of Directors of DMB, Hong Leong Investment Bank Berhad wishes to announce that the Board had on 18 December 2013 (“Price-Fixing Date”), fixed the issue price at RM0.345 per Placement Share. The issue price of RM0.345 per Placement Share represents a discount of approximately 9.7% to the 5-day VWAP of DMB Shares, up to and including 17 December 2013 of RM0.3821 per DMB Share.
The payments from the Placee(s) are expected to be received within 5 market days from the Price-Fixing Date. This announcement is dated 18 December 2013.
Announcement Info
Company Name DAYA MATERIALS BERHAD Stock Name DAYA Date Announced 18 Dec 2013 Category General Announcement Reference No ML-131218-44254
it will dilute its earning but at the same time will pare its borrowing to finance the offshore cable-laying operation...read the details from the link below
I sold 50% of holding at 0.41. When last time this counter got private placement, d price drop from 0.26 to 0.21 n drag for quite. in the end I decided to sell at loss. Truly a very bad experience
close to breaking,but not seriously broken 0.41. Hope cimb target price of 0.56, just released helps tomorrow.if convertible loan stock announce will definitely break,but i think unlikey to be announced this week.Daya is on unchartered territories. It is the only listed profitable company that part owns a SPAC.
yeechachoon, please take a look at this; Published: Saturday December 21, 2013 MYT 12:00:00 AM Updated: Saturday December 21, 2013 MYT 9:58:24 AM Transforming Daya into a heavyweight
BY TEE LIN SAY
Tee (left) and Ooi chatting with Mazlin. Tee (left) and Ooi chatting with Mazlin.
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YOU have to meet Daya Materials Bhd executive vice-chairman Datuk Mazlin Junid in person to understand why he appeals to people at large.
The first thing you notice is how witty and direct he is. So, no superficial talk on “how your day was” or whether “the coffee tastes okay”.
Mazlin tells you things as it is, so don’t ask if you aren’t prepared. That, however, is his charm. What you see is really what you get.
Physically, Mazlin is good looking. Despite the Prada loafers and 7 for all mankind jeans, there is an almost Neanderthal-like quality about him. In the band of brotherhood, Mazlin’s more of your Vin Diesel than an Orlando Bloom.
He has two great goals in life now. The first is a vision to transform Daya into a heavyweight. He’s aiming for the company to join the billion dollar club over the next three years. (For the nine months to Sept 30, 2013, Daya’s revenue jumped 110% to RM373mil in revenue and net profit increased 26.74% to RM18.9mil)
The other, is to look like his idol, Australian actor Hugh Jackman.
He loves the pain that comes with pushing himself to extremes. Dumb bells are his favourite toys. Why, he even celebrated his birthday in the gym with his gym mates.
“I am 52 now. I have done it all. The cars, the yacht, you name it. What turns me on now is winning contracts for Daya,” says Mazlin resolutely.
“At the end of the day, a company needs to deliver. We are very focused on creating value and growing the company over the long term. I have huge responsibility to my staff and the people who gave us contracts. We have to deliver based on my vision for the company, Daya is still undervalued, “says Mazlin.
“You must always take responsibility. It’s not about following your emotions. Whether it’s to your family, the people you work for, your client, or someone you dislike, take responsibility,” he says.
He adds that with Daya Offshore Construction Sdn Bhd (DOC) going out there to secure contracts from Norway, Daya is in fact going against the grain of typical Malaysian oil and gas companies.
When asked what Malaysia’s problems are, he responds: “If there is a hard truth Malaysian companies must learn, it is to stop the habit of political patronage,”
Not surprising, Daya has been one of Bursa Malaysia’s outperformers this year. On a year-to-date basis, the stock is up 116% to 41 sen as of Thursday.
While Daya started off in 1994 as a specialised polymer company, it has since expanded substantially into the oil and gas (O&G) business. Daya was initially more focused on the downstream O&G segment, where it was already established as a leader particularly in chemical services. It chugged along, growing organically until this year, which was clearly the inflection point for Daya.
This started with the formation of DOC last September, of which Mazlin appointed Mark Midgley CEO.
Almost immediately DOC began delivering results.
The arrival of vessels Siem Daya 1 and Siem Daya 2 literally created waves. DOC secured two major contracts in less than six months from Norwegian firm Technip Norge AS for charter and subsea contracts worth RM440mil and RM100mil-RM176mil respectively.
The latest research house to give its mark of approval to Daya’s efforts is RHB Research, which has a 48-sen target price. DOC is already contributing almost 50% to Daya’s topline.
“Suddenly Nathan (Daya’s MD Nathan Tham) was busy answering calls from some 40 fund managers. People wanted our shares and started saying Daya was the smallest O&G stock and with the most growth. I guess this is what happens when earnings have been growing organically over the last five years,” laughs Mazlin.
good that daya now on many fund manager's radar. Nice if that includes future foreign funds.Should be appropriate time to issue loan stock. People will rush into daya to get a piece of the loan stock. Should aim high for 1b capitalisation.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
newbie91
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Posted by newbie91 > 2013-12-18 17:13 | Report Abuse
oapzzz...convertible loan is likely to announced soon?