Posted by sunshine55 > 2014-05-24 17:06 | Report Abuse

cobra07, i have received it too...can please someone explain what this letter supposed to mean?

Posted by speakup > 2014-05-24 17:22 | Report Abuse

it means company can do share-buyback from open market.

Posted by dylan312 > 2014-05-24 20:56 | Report Abuse

SHARE-BUY-BACK OF UP TO 10%OF ITS ISSUED AND PAID-UP SHARE CAPITAL (PROPOSED SHARE BUY-BACK" might specified explain?

Posted by cobra07 > 2014-05-26 07:55 | Report Abuse

thanks... sunshine55 and speakup.
morning everybody.
so any advise? mind explain more details?

Posted by RON1 > 2014-05-26 09:09 | Report Abuse

does this counter has any power in it.....comment anyone...

Posted by morivae > 2014-05-26 15:31 | Report Abuse

It means the company would like to utilized its cash on hand to purchase the share from the open market to stabilize the share price of the company. The intention would be good as it helps to stabilize the company share price as it deem to be undervalue and not reflect its true potential.

Posted by sleepybryan > 2014-05-26 17:31 | Report Abuse

actually it is a standard resolution and does not mean anything, what is important for Daya right now is the reporting numbers for Q1 which should be by end week. If the number is a loss than it is very likely the share price will tank, if it meet estimates than you can expect people to further pick up on expectation of recovery into the lucrative sector O&G. If you have a short time-line better to avoid this counter.

Posted by dragonking > 2014-05-26 17:56 | Report Abuse

going to do massive right issssue soon.

Posted by sleepybryan > 2014-05-26 18:00 | Report Abuse

yes and that too but it was always an open secret no surprises about it

Posted by pokclark > 2014-05-28 09:00 | Report Abuse

share buy back wouldn't help stabilize the share price. Only the good way to our small shareholder is after company share buy back and proceed to cancel it. market is too huge nobody can stabilize for market price.

Posted by GoGoBenalec > 2014-05-28 18:14 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1637645

Posted by zKingDB > 2014-05-28 18:27 | Report Abuse

not so good result :/

Posted by abdulrahim > 2014-05-28 18:31 | Report Abuse

:) still profit

Posted by abdulrahim > 2014-05-28 18:33 | Report Abuse

Daya with DP2 vessel, good for long run. Petronas discover deep sea oil field. only DP2 have advantages. :)

Posted by oily gassy > 2014-05-28 19:55 | Report Abuse

Result as expected..Siem Daya 1 & 2 only chartered out in late Mar/Apr'14.Long term charter and therefore profit is expected to bounce in the 2nd quarter.Long term this stock will outperform.

Posted by myXYZ > 2014-05-28 20:02 | Report Abuse

previous quarter make lost.. this quarter make very small profit compared to the same quarter last year, EPS down from 0.41 to 0.07... nowadays, good quarterly financial profit also stock price falling down, what did you expect from this counter???

Posted by skl_81 > 2014-05-28 23:31 | Report Abuse

no dividend??

Posted by ayam_muda > 2014-05-29 17:14 | Report Abuse

We hope that the directors & Daya's staffs work very very hard, making a lot of profits in 2nd Q, 3rd Q, & so on. This is the only way people would buy the shares & push the price higher.

Posted by alivetoinvest > 2014-05-29 19:59 | Report Abuse

3 months ago... I held this stock and expected a decent quarterly report. Prior to the announcement, the price went up steadily. The director transferred lots of shares out. And when they announced that they made a lost( what was the reason? Was it a "cost overrun"?), daya gapped down 6-9% the following day without any hopes of a rebound... Just sharing my sad moment with this manipulative counter... I personally feel that this counter's prospects isnt worth my money

Posted by alivetoinvest > 2014-05-29 20:31 | Report Abuse

Anyone who held these shares back then would know how sad the situation was..

Posted by oily gassy > 2014-05-29 21:08 | Report Abuse

Please read the latest Q1 report at KLSE website where it clearly outlines its future prospect.I have been following this counter for the last one year and have decided to invest this month at average price of 33sen.Prospect is good as both their vessels (Siem Daya 1 & 2) were only chartered in March 14 on long term basis and as such recurring income will be generated from now on.Long term investment between 6 months to 1 year and no to short term and contra players.another counter which is going to have recurring income will be Sumates.Read their Q1 report as well.

Posted by alivetoinvest > 2014-05-29 21:51 | Report Abuse

Good luck.

Posted by dylan312 > 2014-05-30 12:16 | Report Abuse

anyone going for general meeting? do they give freebies during the attend of AGM? like airasia give free ticket

Posted by Joel > 2014-05-31 11:20 | Report Abuse

Daya’s 1QFY14 performance is back in the black, steering the Group back on track, as both SD1 and SD2 charters to Technip are already on course, contributing to higher revenue for this quarter. Revenue registered RM129.3m (+29.1% YoY, -7.6% QoQ), with earnings of RM0.9m (-81% YoY, +>100% QoQ). We are maintaining our Outperform call on Daya with a rolled-over unchanged TP of RM0.43, which implies a 10.5x multiple to its FY15F EPS of 4.1 sen. The PE multiple is lower than the previous 14x used given the uncertainties surrounding its planned capital raising exercise for the acquisition of vessels and its potential effects on balance sheet and earnings. With owned vessels however, we should expect some enhancement to Daya’s earnings.

QoQ changes. The decrease in revenue QoQ was mainly due to the lower sales recognition of cable laying project which was completed in 2013. The improvement in profitability this quarter however is from the completion of the project which suffered losses last quarter.

Polymer (Revenue: 4% contribution). Remains subdued from the slow growth prospects of the division, suppressed further by continued foreign competition. The Group however had implemented ongoing operational initiatives to deliver better production efficiency and improved cost structure, reflected in the positive results.

O&G (Revenue: 41% contribution). Will continue to be the main driver for Daya with long-term charter of SD1 and SD2 which will bring steady recurring income for the Group. Both the new-built offshore subsea construction vessels have been deployed in the North Sea since early March this year. The division is further supported by its downstream activities, in downstream chemicals and specialised lifting services.

Technical Services (Revenue: 55% contribution). Expected to grow over the next few years by leveraging on its engineering expertise, as the Group builds and execute its order book which currently exceeds RM1bn. Daya has also begun exploring strategic corporate initiatives to unlock the values.

Maintain Outperform. Daya will be buoyed by i) the LT charter of Siem Daya 1 (SD1) and Siem Daya 2 (SD2) to Technip, ii) prospects of exploration and production business via its investment into Reach Energy (soon to be listed SPAC), iii) downstream chemicals and specialised lifting services, and iv) outstanding orderbook of RM1.7bn.

Source: PublicInvest Research - 29 May 2014

Posted by Bobby31 > 2014-05-31 11:54 | Report Abuse

Buy before too late ...buy buy

Posted by ChartMaster > 2014-06-01 19:59 | Report Abuse

FROM HLBB

Daya Materials (Not Rated)
Recovery is on track…
§ Back to black…1QFY14 result was within consensus expectation, PATAMI swung from losses to profit of RM1m QoQ as the Tapis EOR project was completed with no cost overrun repeated.

§ Full horse power from SD1 and SD2 onwards…Siem Daya 1 (SD1) and Siem Daya 2 (SD2) commenced works with Technip Norge in beginning of Mar 14. Both vessels will commence full contributions from 2Q14 onwards.

§ Capture margin expansion through proposed acquisition… Although there might be some delay in the process of acquiring both vessels, the company expect the deal to complete in 3Q14.

§ Orderbook of RM1.7bn with tenderbook at RM900m… Besides bidding for projects in subsea and technical services worth RM900m, Daya is eyeing a production chemical contract worth RM200m.

§ Reach Energy IPO on track… Daya will leverage on alliance with Reach Energy in the E&P segment by providing subsea and other related services.

§ After the corporate fund raising to acquire 100% stake in SD1 and SD2, Daya is expected to trade at 23x FY14 and 12x FY15 P/E. To note, we see upside risk for FY15 due to: i) higher than expected charter rate; and ii) lower operating cost (our assumption of US$70k/day vs. management guidance of US$61k/day).

Posted by vince2226 > 2014-06-02 09:55 | Report Abuse

keeping it 5 months. not much changes

Posted by tlbeng > 2014-06-02 10:23 | Report Abuse

lol sona already shoot up a lot meanwhile this counter still sleeping even the q1 result is in black

Posted by morivae > 2014-06-03 13:28 | Report Abuse

dividend dividend......some freebies....

Posted by newbird01 > 2014-06-04 18:13 | Report Abuse

any idea with this counter???

Posted by newbird01 > 2014-06-05 12:09 | Report Abuse

DAYA MATERIALS BERHAD (“the Company” or “DMB”) Incorporation of a Joint Venture Company - Daya Sheffield Pte. Ltd.

Posted by bluechip > 2014-06-05 12:57 | Report Abuse

can somebody explain what is going on with this counter....very2 slow movement

Posted by wildkid > 2014-06-06 08:19 | Report Abuse

anyone, can tell why it keep on dropping the share???? :(

Posted by Ring > 2014-06-06 22:19 | Report Abuse

DAYA - OTHERS DAYA MATERIALS BERHAD (“DMB”) MEMORANDUM OF UNDERSTANDING (“MOU") BETWEEN DAYA OFFSHORE CONSTRUCTION SDN BHD (“DOCSB”), A WHOLLY- OWNED SUBSIDIARY OF DMB AND CARACAL OIL & GAS SERVICES LIMITED (“CARACAL”)

Posted by Syam Mahmood > 2014-06-07 18:01 | Report Abuse

apa tunggu lagi what are you waiting for ..buy buy buy take profit maaah

Posted by sklyte > 2014-06-08 15:18 | Report Abuse

collect now! reach energy listing soon, once listed, add 100million market cap, works out to be 15cents!

Posted by Henry HO > 2014-06-08 15:59 | Report Abuse

Hello Sklyte,

Pls advise what Reach Energy SPAC listing got to do with DAYA MATERIALS BHD? is DAYA MATERIALS BHD the parent of Reach Energy SPAC ????

Posted by Aliff Jaafar > 2014-06-09 10:03 | Report Abuse

Looking gud...

Posted by tom2629 > 2014-06-09 11:18 | Report Abuse

Its about to rebound above 40sens

Posted by freonsf > 2014-06-09 11:34 | Report Abuse

what is the TP?

Posted by bluechip > 2014-06-09 22:13 | Report Abuse

reach energy is where daya invested heavily...about more than 10million...reach energy is OnG service provider...

Posted by bluechip > 2014-06-09 22:14 | Report Abuse

the largest spac listing...

Posted by King Kong73 > 2014-06-09 23:06 | Report Abuse

Daya..berjaya

Posted by LUCAS > 2014-06-10 01:27 |

Post removed.Why?

Posted by runway33 > 2014-06-10 02:45 | Report Abuse

Wow, shark calling all small fish into lng resources. Ha ha

Posted by daryltkt > 2014-06-10 08:51 | Report Abuse

Using shark fin as a bait.

Posted by bluechip > 2014-06-10 11:14 | Report Abuse

haha

Posted by vince2226 > 2014-06-11 00:36 | Report Abuse

Daya not moving, stuck for months

Posted by edhappy > 2014-06-11 11:30 | Report Abuse

cant help but express my emotion here. this is one dead counter that keeps on dying.

Posted by newbird01 > 2014-06-11 11:38 | Report Abuse

daya oh daya...