Posted by Awesome > 2015-06-23 17:30 | Report Abuse

Btw, I just checked 290m = 27.6% = RM55 mil. Who got so much money to buy == Tycoon Awesome? wahaha..

Posted by Hitman > 2015-06-23 17:41 | Report Abuse

290991473 equal to Jorg Helmut stakes?

Posted by bboycs > 2015-06-23 17:41 | Report Abuse

27.6% should be belongs to biggest shareholders Jorg Helmut Hohnloser

Posted by damagpie > 2015-06-23 17:43 | Report Abuse

Awesome - I dont know. I guess there will be a company announcement soon.

Posted by bboycs > 2015-06-23 17:44 | Report Abuse

25/6 agm.. if not mistaken...we will hear the human resource changing stuff...

Posted by Awesome > 2015-06-23 18:02 | Report Abuse

@damagpie stay tuned then.. hehe.. who knows tycoon awesome emerge as the new substantial shareholder =) wahaha.. lol.. my face so thick><

Posted by Awesome > 2015-06-23 18:33 | Report Abuse

BTW, think logically who on Earth will sell cheaper when they can sell higher? This person confirm not Jorg. But there is one person who always sell lower and he's our jibby gor because what he owns doesn't cost him a penny.. Lol==

Posted by blackul66 > 2015-06-23 18:39 | Report Abuse

so now we have rumour of Jorg disposing his shares. From dividend, bonus issue to CEO disposing his stake. Kekeke. Kipidap

Posted by Vincent91 > 2015-06-23 18:43 | Report Abuse

Hmmm... If got good news in the coming AGM, then they should push up the price before the AGM right ??
So that they can distribute when everyone is happy with the outcome of the AGM

Posted by Awesome > 2015-06-23 18:48 | Report Abuse

@blackul66 I don't think Mr. Jorg dispose.. Hehe.. Transact between own company? Hehe.. Just wait for announcement. Hehe. Just be patience for the AGM

Posted by crawler > 2015-06-23 18:50 | Report Abuse

maybe apple buy ler..hahaha

Posted by AhSook AhKou > 2015-06-23 18:52 | Report Abuse

My experience tells me very often few weeks b4 the event if is gd news price will goes up n on that day the price already accounted totally or partially unless it is "extra" fantastic news like Micro , lohhhh

Posted by georgeck > 2015-06-23 18:54 | Report Abuse

good !agree !

Posted by Awesome > 2015-06-23 19:09 | Report Abuse

Just be patience. Apple? Tsmc first la.. Lol.. Btw, Mr. Jorg won't be so stupid sell at low price.. Ang moh also got logic de leh.. Hehe..

Posted by sell > 2015-06-23 20:18 | Report Abuse

Shukeri bin Hitam selling. Dr Jorg not buying.

Posted by Awesome > 2015-06-23 20:56 | Report Abuse

@sell shukri bin hitam is not even a substantial shareholder, his selling is on April and I remember someone like you brought that up last time but got Sifus explained (u have to dig back to the ancient comments==). Please find something more recent to tembak leh== Btw, Dr. Jorg is buying but not recent lah, he got 26.7%.

Posted by Sunkist118 > 2015-06-23 21:01 | Report Abuse

27.5 cents is a steal hor but of course 27 or 26 is bigger steal.

Posted by Awesome > 2015-06-23 21:19 | Report Abuse

@sunkist118 I stole some @0.27 today =p
@sell glad u created a new account today and giving many many TP for many many counters == welcome...

Posted by tehaisKAW > 2015-06-24 06:24 | Report Abuse

collect at .255 today.

Posted by Awesome > 2015-06-24 08:23 | Report Abuse

@tehaiskaw I also want to collect @0.255. Good luck to you and me ya =)

Posted by blackul66 > 2015-06-24 08:30 | Report Abuse

good for all that can collect at 25.5 cents today, it is a steal. Wait, last week there is a better deal between 22 to 24 cents . :)

Posted by crawler > 2015-06-24 08:38 | Report Abuse

still dreaming to collect at lower haha..

Posted by blackul66 > 2015-06-24 08:39 | Report Abuse

let people dream laa, people can dream at half cents as well, but it is just a dream

Posted by supernova > 2015-06-24 08:44 | Report Abuse

anything is possible

Posted by tehaisKAW > 2015-06-24 08:49 | Report Abuse

i oledi bought at price .23 lo. if price drop to .255, will topup lo.

Posted by Awesome > 2015-06-24 08:49 | Report Abuse

@crawler dont like this la. I still ada bullet. 0.255 hopefully =) hehe

Posted by Awesome > 2015-06-24 09:03 | Report Abuse

Mali mali.. hehe

Posted by Zool Khibri Abdul Khalib > 2015-06-24 09:15 | Report Abuse

Agm also want drop aaa?... Hehehe

Posted by prc4wifefe > 2015-06-24 09:29 | Report Abuse

damn....only worth 18sens!!!!

Posted by Sunkist118 > 2015-06-24 09:30 | Report Abuse

Supernova right hor. Anything can happen

Posted by Awesome > 2015-06-24 09:31 | Report Abuse

@zool Someone keep cushioning @0.27
@prc4wifefe Lol all sifus include @OTB @Yistock @icon8888 tabulated the TP more than 0.30. Mind to show your calculation to get 0.18? and hor you said cliq rocket up today any volume dy? hehe

Posted by blackul66 > 2015-06-24 09:36 | Report Abuse

i don't know lah for people who like to invest in cliq or smtrack, the worth comment doesnt carry much weight

Posted by Awesome > 2015-06-24 09:46 | Report Abuse

Slow and steady.. Hehe.. mali mali

Posted by crawler > 2015-06-24 09:59 | Report Abuse

you guys can be more mature or not..you got see Warren B after buying a stake from another company everyday sit there and talk about it or not..leave it...

Posted by prc4wifefe > 2015-06-24 10:01 | Report Abuse

Encik Awesome...abt Cliq...u need to read the whole story to faham why I said that....wakakaka

and...pls go read the Star!!!! Aduhai!!!

Posted by honeycool > 2015-06-24 10:05 | Report Abuse

Hai ya.... don't know whether the internal selling news causing people throwing at 0.265..... only up two days...

Posted by Awesome > 2015-06-24 10:07 | Report Abuse

@prc4wifefe Good luck to you loh == btw, u still didn't prove how u get 0.18==

Posted by samyew1234 > 2015-06-24 10:16 | Report Abuse

Hi Guys, anyone can clarify, why in the sin chew daily there is news that Mr. Hohnloser, Jorg Helmut dispose his stake at RM0.1888 cents off market transaction

Posted by blackul66 > 2015-06-24 10:21 | Report Abuse

Samyew1234, the news got out before bursa announcement ah. Can you tell us from the news, how much is transacted and to whom?

Posted by sky2 > 2015-06-24 10:21 | Report Abuse

News updates from The Star http://www.thestar.com.my/Business/Business-News/2015/06/24/Frontken-stock-sold-at-188-sen-per-share-offmarket-transaction/?style=biz

Posted by samyew1234 > 2015-06-24 10:22 | Report Abuse

PETALING JAYA: An off-market transaction of 290.99 million shares, or 27.6% of Frontken Corp Bhd, was crossed yesterday at a price of 18.8 sen, with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.

Posted by samyew1234 > 2015-06-24 10:23 | Report Abuse

Related party to Dr Jorg Helmut Hohnloser, left hand to right hand ?

Posted by blackul66 > 2015-06-24 10:26 | Report Abuse

i guess we got our rumour finally, wait until it become news and all hell will......

Posted by sky2 > 2015-06-24 10:27 | Report Abuse

Perhaps it is better to put or transferred the shares to a stronger group with a capacity to buy up more .....or coming up with a MGO later ?

Posted by Awesome > 2015-06-24 10:27 | Report Abuse

if later announcement one billionaire emerge as the new substantial shareholder.. hehe.. btw,just now within 10 seconds few hundreds thousands bought in @0.27.. macam operator collecting.. lol

Posted by blackul66 > 2015-06-24 10:30 | Report Abuse

if it turns out that this is false, can the star and sin chew be held responsible for spreading this kind of rumour, ha ha ha. interesting that it is done just before agm, not after it

Posted by Awesome > 2015-06-24 10:32 | Report Abuse

There had been much speculation in the past that Hohnloser was looking to secure more control over Frontken. (THESTAR)

Lol.. This time hoseh liao.. No @0.50 I no sell to u Ang Moh.. hehe

Posted by Awesome > 2015-06-24 10:37 | Report Abuse

PETALING JAYA: An off-market transaction of 290.99 million shares, or 27.6% of Frontken Corp Bhd, was crossed yesterday at a price of 18.8 sen, with sources saying that the party which took up the shares was someone related to its single largest shareholder and director, Dr Jorg Helmut Hohnloser.

At the price of 18.8 sen, it was a 31.5% or 8.7-sen discount to Frontken’s closing price of 27.6 sen yesterday.

Hohnloser is currently the single largest shareholder with a 27.75% stake in the company. This is followed by Lembaga Tabung Haji, which has 4.91%.

There had been much speculation in the past that Hohnloser was looking to secure more control over Frontken.

The stock was the fifth heaviest-traded stock of the day. Frontken closed 0.5 sen lower to 27.6 sen on a volume of 38.1 million shares. At this price, it is trading slightly above its net asset per share of 25 sen.

Hohnloser, who owns a European company with the same business as Frontken called Cleanpart GmBH, provides the same services as Frontken, namely, the provision of services to maintain equipment in the semiconductor and other industries.

Hohnloser first bought into Frontken in 2010. Financially, the fortunes of Frontken have been steadily improving.

It made a 48.8% jump in net profit to RM6.82mil on the back of a 60.2% increase in revenue to RM77.22mil for its first quarter to March 31, 2015. For financial year 2014, it made a net profit of RM18.77mil from a previous loss of RM2.32mil.

The company had cash and bank balances of RM70.62mil as at the first quarter, a vast improvement from the RM33.33mil it had in the same quarter of the previous year.

It has long-term borrowings of RM23.98mil and short-term borrowings of RM12.63mil.

Apart from a one-off gain of an associate company in 2014, the better results were mainly attributable to the improved business performance of the group’s subsidiaries in Taiwan and Malaysia.

There was a ramp-up in the semiconductor business in Taiwan due to the improved outlook in this sector.

In the case of Malaysia, the better performance was mainly due to the recognition of progressive revenue from the ATB project at Tanjung Bin, coupled with higher revenue from both its oil and gas (O&G) and semi-conductor divisions.

Frontken got a new lease of life last year after acquiring 45% in TTES Team & Specialist Sdn Bhd for RM11mil, which includes an RM8mil profit guarantee for two years.

TTES is an engineering services provider which also owns a licence to supply and provide services to the Petroliam Nasional Bhd group of companies.

O&G is a key segment of Frontken’s business. The other industries it serves are power, electronics manufacturing and marine.

Posted by sell > 2015-06-24 10:39 | Report Abuse

Why DBT at 18.8sen only? Dr Jorg selling?

Posted by sky2 > 2015-06-24 10:40 | Report Abuse

I guess a stronger group would appear and take over to expand this company ..anyway its cashflow is good