Posted by tjhldg > 2014-02-20 02:25 | Report Abuse

kikikiii

Posted by Saturn > 2014-02-20 10:01 | Report Abuse

Sori I m not in malton.......don't see mata to mata with Kenneth.......daim

Posted by Saturn > 2014-02-20 16:19 | Report Abuse

Buy more.....yay....

Posted by Saturn > 2014-02-20 16:29 | Report Abuse

Queuing......common baby....

Posted by Saturn > 2014-02-21 09:19 | Report Abuse

Yes GOBby....yes GOBby.........hahahahaha....u drop I buy......

Posted by Ho Lee Man > 2014-02-21 10:09 | Report Abuse

Go...GOB...Goo....GOB
Uncover your Batu Kawan land value with the new Penang Bridge

Posted by Saturn > 2014-02-21 11:23 | Report Abuse

Sold 20%......

Posted by Lim Vocal > 2014-02-21 11:26 | Report Abuse

buy more

Posted by Lim Vocal > 2014-02-21 11:27 | Report Abuse

wan buy or sell now??

Posted by matrix6050 > 2014-02-21 11:29 | Report Abuse

Saturn, good that you take some profit, lets see the price till 1st of march :)

Posted by Saturn > 2014-02-21 11:31 | Report Abuse

If no one sell how u buy??

Posted by matrix6050 > 2014-02-21 11:37 | Report Abuse

Saturn, true. I kept 200lot now :P

Posted by Saturn > 2014-02-21 15:12 | Report Abuse

Get ready to sell some if got sprint.......

Posted by jtpc2006 > 2014-02-21 19:59 | Report Abuse

just started to wake up

Posted by matrix6050 > 2014-02-22 00:46 | Report Abuse

Saturn, will see after 1st of March. Don't know what's the new TP based on chart, i'm not a TA guy but I believe OTB will be able to provide his insight on this run

Posted by Saturn > 2014-02-22 01:00 | Report Abuse

Matrix, my meaning is if there is a sprint like straight 15 cents jump, don't need to think.....I will sell even if before 1mar....though they say sky is the limit....be very clear the numbers are already factored in for that period. Like I said earlier if u have read, GDV is only good if they can convert whereas selling asset once confirm is straight money.....

Posted by matrix6050 > 2014-02-22 01:05 | Report Abuse

Saturn, I agree with what you said.

Posted by ttmmww > 2014-02-25 09:36 | Report Abuse

（吉隆坡24日讯）环球东方（GOB，1147，主板产业股）宣布进行一连串企业活动，包括削资及发售附加股送凭单。

公司通过文告指出，把每股面值1令吉的股票，削减50仙，至每股面值50仙。

从削资活动取得的1亿1366万9160令吉，将成为公司的资本储备。

在完成这项活动之后，公司将以每2股普通股配2股附加股送1凭单的方式，发售2亿2733万8321股附加股，及送1亿1366万9160免费凭单。

假设每股发售价为50仙，公司可从中筹集接近1亿1367万令吉。

环球东方表示，将使用这笔资金偿还债务、营运资本，及相关企业活动的开销。

虽然这项活动将冲淡其每股盈利，但是稀释的程度视于使用上述资金后赚取的回酬而定。

该公司预计在今年末季完成这一系列企业活动，并为未来净利带来正面贡献。

Posted by chipster1234 > 2014-02-25 09:45 | Report Abuse

whats wrong???!!!! aaaarrggghhh!!! dropped.

Posted by chipster1234 > 2014-02-25 09:45 | Report Abuse

im tearing my non existent hair out

Posted by Saturn888 > 2014-02-25 09:46 | Report Abuse

Buy

Posted by FreeThink > 2014-02-25 09:47 | Report Abuse

not a good news

Posted by Saturn888 > 2014-02-25 09:48 | Report Abuse

Investment....

Posted by invester > 2014-02-25 10:05 | Report Abuse

On the other side, it is a good news for long term. The cut to 50% is to cancel all the old debts during the change over from old company to GOB. In future, GOB will have 'clean' financial report.

Posted by Lim Vocal > 2014-02-25 10:11 | Report Abuse

sell fast

Posted by invester > 2014-02-25 10:12 | Report Abuse

Also, take note that the net asset per share is still 1.20 compare to current price 0.79

Posted by invester > 2014-02-25 10:15 | Report Abuse

Risk is always an apportunity

Posted by Hopeman > 2014-02-25 11:49 | Report Abuse

Investor !Reduce par value doesn't not mean reduce capital don't mistaken,long term even better after the right and attached with free warrant,the adviser for such proposal are very clever,with 0 debt more opportunity for their Batu Kawan second bridge nearby project good opportunity to made more money good counter

Posted by ttmmww > 2014-02-25 11:50 | Report Abuse

"The Proposed Rights Issue with Warrants entails the issuance of 227,338,321 Rights Shares together with 113,669,160 free Warrants on a renounceable basis of two (2) Rights Shares together with one (1) free Warrant for every two (2) GOB Shares held after the Proposed Par Value Reduction on the Entitlement Date"

GOB are issuing free warrant as well for the rights share taken up.. is that a good things?

Posted by invester > 2014-02-25 12:33 | Report Abuse

Hopeman. Yes. I know that. In my previous statement, i have made it clearly that the capital (net asset per share) is 1.20. So, which mean, the share is worth for 1.20 based on their asset. Right now, the price is only 0.79 (1.0 par value). Even when it revised to 0.50 par value, it will still 0.79 cents.

Posted by james70 > 2014-02-25 13:32 | Report Abuse

I see today's fall in prices as more of an opportunity to collect GOB shares.Here are my reasons:

a) Batu Kawan land at really low prices.
PDC recently concluded 1 transaction for a 245acre Batu Kawan land to Aspen Vision Land Sdn Bhd-Ikano Pte Ltd JV for RM483.9mil. This works out to c.RM45/sqft.

In the 5thFeb2014 published article "Bridge of Opportunity for Ecoworld" in the Business Times (http://www.btimes.com.my/Current_News/BTIMES/articles/20140204235000/Article/index_html), the reserve price set by PDC is RM45/sqft.

Now GOB own 240.8acres of land base on their latest 2013 AR. The book value of these 2 parcels of land which sits in the heart of Batu Kawan is a mere RM102.7mil. If revalued base on the RM45/sqft, this works out to RM472mil or RM2.08/share.

Now there is more upside if you studied yesterday's quarterly release under item 13 which states the following: The Board of Directors has approved capital expenditures in respect of acquisition of lands in Batu Kawan, Seberang Perai Selatan, Penang at a cost of RM19.3 million. If you are to revisit the older announcements, there are 2 additional parcels (Parcels 3A & 3B) of land at Batu Kawan totalling 145.34acres awaiting to be transferred to GOB's wholly owned subsidiary, Penanga Pesona. Once this transaction materializes, GOB will own 385acres of land in the heart of Batu Kawan. Pricing it at RM45/sqft, GOB's surplus valuation is RM633.4m vs the what's recorded in the book. So the Batu Kawan land itself is worth RM3.32/share.

b) Proximity to IKEA, Premium outlet mall, Hull University, etc.. RM45/sqft is what was transacted with PDC. But once the land is developed, its value will rise further. They could easily double or triple in value due to its closeness to these landmarks.

c) GOB also owns some land at Seri Kembangan. The 2 larger ones are at 52 and 56 acres with a book value of only RM3.34 and RM17.35 per sqft respectively. If you recall, Eksons recently concluded a sale of a 14.64acre parcel for RM140.27mil (or RM220/sqft). The land sold is within the vicinity of the GOB land. If those 2 parcels are revalued or sold at RM50/sqft, GOB is further valued at RM1.03/share. What if it is RM200/sqft? You do the math.

d) JV with Lembaga Getah to develop prime land in the heart of KL.

Posted by audacity > 2014-02-25 14:35 | Report Abuse

agree with James70

Posted by tjhldg > 2014-02-25 14:37 | Report Abuse

sakit hati ku , u jatuh begitu

Posted by Hopeman > 2014-02-25 15:46 | Report Abuse

Invester !your certain point are there but if you saying reduction of par value are due to cancellation of old debt in to the new company ,in which we are not very agreed as in the announcement never mention reduce par value is going to to write off the debt ,in many company also having reduction on par value eg lately GDEX from .10cts to .05cts ,BJToto And Digi also redection par value to .10cts ,so conclusion it doesn't mean bad for us

Posted by Saturn888 > 2014-02-25 15:59 | Report Abuse

It's a good thing.......2 right 1 warrant for 2 GOB shares.......we should question when the par to 50c ie close or after new valuation....

Think think......are u going to par down when price is up or par down when price is down......I am very sure tony lim cannot answer.....KAKAKAKAKAKA

Posted by Saturn888 > 2014-02-25 16:04 | Report Abuse

Give u guys a hint.....buy vs sell queue.......

Posted by Saturn888 > 2014-02-25 16:10 | Report Abuse

What do u think when price is not set yet.......drop Buyyyyyy

Posted by kaliawke > 2014-02-25 16:37 | Report Abuse

bro, if privatise will be base on share price traded and not revalued assets

Posted by james70 > 2014-02-25 16:51 | Report Abuse

the directors and major shareholders own less than 20% collectively. The top 30 shareholders own less than 50% of the total shares. I doubt there will be any privatization.

With land prices rising, selling prices for the homes will also rise in tandem. There will be a huge profit margin expansion for GOB in the coming few years. This will be the re-rating catalyst backed by strategic landbank and recurring earnings from malls.

Posted by Saturn888 > 2014-02-25 19:23 | Report Abuse

Who say privatize???
They increase base only......so my question is simple.....price not set right....what do you think they will do.....?
Don't treat as if they are not aware of bridge opening....they are !! So why make the announcement now and with no expected price yet??

Got it now??

Posted by invester > 2014-02-25 21:16 | Report Abuse

Hi Hopeman, I read that news from newspaper. Not create by myself. :) The portion of the money gain will be use to write off the debt. You may read the newspaper on GuangMing today. However, the remaining of the money will be keep for investment.

Posted by Saturn101 > 2014-02-25 21:17 | Report Abuse

Yes it's true,,,,,down to 0.03....... Almost none

Posted by Hopeman > 2014-02-26 00:46 | Report Abuse

Newspaper sometimes perhaps may be can write something but as a investor sometime no choice we must aware what on,pls refer today(26/2)KWJPoh quoted GOB have 750 acres of land at Batu Kawan ,land itself value???????

Posted by Saturn101 > 2014-02-26 00:47 | Report Abuse

Actually only 350....750 could be total incl existing

Posted by Saturn101 > 2014-02-26 00:55 | Report Abuse

Don't think that matters....what will matter is upon bridge opening.....they set the GDV......then players will know....

Posted by chipster1234 > 2014-02-26 12:58 | Report Abuse

hi guys. if they were to par down the shares from RM1 to RM 0.5 what would be the average price will be? 0.35cents?

Posted by chipster1234 > 2014-02-26 12:58 | Report Abuse

hmmm? 0.40 perhaps

Posted by chipster1234 > 2014-02-26 13:00 | Report Abuse

Im' just upset guys. my cost was at 84cents. been dropping ever since. bought like 2 3 months back

Posted by james70 > 2014-02-26 13:59 | Report Abuse

There is no change to share price. The par value reduction is not used to reduce any accumulated losses like most distressed companies who did this. e.g. KBB. Good companies do reduce their par capital. Digi in 2006 reduced the share's par value from RM1 to RM0.10 to undertake a capital repayment to shareholders.

GOB stated the following on the par value reduction:
Currently, the Existing Shares are being traded below the existing par value of RM1.00 each. As at 21 February 2014, the closing price of Existing Shares was RM0.85, which is below the existing par value.

The current market value of the Existing Shares is therefore not conducive for GOB to embark on any fundraising or corporate exercises which involve the issuance of new shares. Accordingly, the Proposed Par Value Reduction is intended to provide the Company with greater flexibility to implement corporate proposals which entail the issuance of new shares at a price which better reflect the current market value of the Existing Shares.

The Board has taken into consideration that the Proposed Par Value Reduction will not result in any change to the net asset position of the Group.

The credit arising from the Proposed Par Value Reduction of RM113,669,160 is proposed to be credited to the Company‟s capital reserve, which may be utilised in such manner as the Board deems fit and as permitted by relevant and applicable laws.

As for the rights issue, it is used to retire some debts and for working capital to fund purchases of land and finance existing projects.

Posted by james70 > 2014-02-26 14:48 | Report Abuse

chipster1234, the par value reduction does not reduce the share price. the issuance of the rights does. In this case, it is a 1 for 1. So depending on the issuance price, the price will trade accordingly. Say the price for the rights is 50c and the last traded price is 80c. Therefore the new price is 65c on the ex date.

GOB is in a healthy financial state with its gearing ratio only at 0.28x.