Posted by ding dong > 2016-11-28 19:39 | Report Abuse

marcus123,
wow really surprising info..tq for sharing..so those are the final bom and the end of zelan story before going to PN17???

Posted by ding dong > 2016-11-28 19:51 | Report Abuse

no wounder they dont bid for11th Malaysian plan big jobs cause zelan is incapable slow and dumb company...

Posted by Aleo Low > 2016-11-29 00:24 | Report Abuse

Anyone hold from 0.27 till now?

Posted by 1009 > 2016-11-29 01:13 | Report Abuse

Banyak puluh tahun business, company jadi lagi kecil tak apa!
Hohoooo.. sekarang serupa mahu bankrupt style .
Semua project pun palia work, mana boleh cari wang?
Tak faham kenapa boleh hidup sampai sekarang

Posted by ding dong > 2016-11-29 10:51 | Report Abuse

1009,
may be zelan is an indirectly government linked company through 38% equity holding by MMC (GLC) that make zelan survive for long time keep on getting jobs e.g IIUM and Gombak Terminal jobs..just just may be may be after all the real push down price, soon there will be big job around rm1bil to rm2bil directly awarded to zelan making the share price going through the roof ..jussstttt like THHEAVY...

Posted by 1009 > 2016-11-29 19:24 | Report Abuse

haiz "...... palia company must take red card la... protect newbird investment ..

Posted by NeverGiveUp > 2016-11-30 09:12 | Report Abuse

Can die liao

Posted by ding dong > 2016-11-30 09:38 | Report Abuse

..any body knows why so much price dropped..?

Posted by Jessgoh > 2016-11-30 09:56 | Report Abuse

I hold from 0.25 till now and total loss...shit

Posted by jayalbert > 2016-11-30 09:57 | Report Abuse

i used to hold shares in this counter too @jessgoh but already cashed out a year or so ago.. my sympathy to u

Posted by NeverGiveUp > 2016-11-30 10:06 | Report Abuse

Lot people buy at 0.105...will rebound later?

Posted by ding dong > 2016-11-30 10:06 | Report Abuse

I called several time the company secretary but not available just to get the clear story if any

Posted by Jessgoh > 2016-11-30 14:00 | Report Abuse

I just sold 0.105 now price up back...

Posted by ding dong > 2016-11-30 17:20 | Report Abuse

..hope rebound tomorrow...

Posted by ding dong > 2016-11-30 18:00 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5276589...bad news ??? or good news...

Posted by ding dong > 2016-11-30 19:26 | Report Abuse

marcus123,
Tqvm for sharing...i called several time the company sectary but seam to be alot of excuse ...going to the meeting etc and ased me to leave phone number but never return call me...so hopefully ""Special Board Meeting + EGM this mid December on Zelan Salvation & way forward""" as per yours posting will be able to clear off all the issues and make clean and clear way forward...

Posted by ding dong > 2016-11-30 20:04 | Report Abuse

if looking at their website and news released seam zelan have very good projects but when reading the 3rd Qtr report some are missing without explanation like e.g GITT, IIUM(streaming income suppose for 23 years)... look like some kind of miss representation ???...to public....

so the culprit heads leaving before big meeting to avoid answering all the big questions...!!! which they are the only one know the true real answars

Posted by ding dong > 2016-11-30 20:08 | Report Abuse

..and potentially zelan will spend alot of money to lawyers to protect them form all the external parties that suing zelan...

Posted by ding dong > 2016-11-30 20:46 | Report Abuse

..but as usual like THHEAVY soon there will be direct award project ??? for rescue ??? and zelan flying through the roof...

Posted by ding dong > 2016-12-01 11:30 | Report Abuse

marcus123,
TQVM for sharing...Langat CSTP project is one of the project that missing in zelan qtr report...yes i also notice may be most if not all heads are X-rotten feber fish heads carry for mamak stall...kikiki...

hopping that rescuer will come soon to take advantage of opec oil deal last night which look hopefully triggering klci bull cycle...

n good luck guys ....

Posted by ding dong > 2016-12-01 11:40 | Report Abuse

..mmc is planing to ipo it port business recently acquired by 2017 and plan improvement before ipo...could this be the rescue for zelan ???

Posted by ding dong > 2016-12-01 11:42 | Report Abuse

http://www.cnbc.com/2016/11/30/why-saudi-arabia-surprised-the-skeptics-with-an-opec-deal.html

opec deal

Posted by ding dong > 2016-12-01 11:53 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/10/03/mmc-may-list-ports-in-2017/

Posted by ding dong > 2016-12-01 12:29 | Report Abuse

or instead doing back door listing of mmc port business through zelan...???

...that why zelan is disposing the current asset gearing to something else ??? just like puncak etc

Posted by ding dong > 2016-12-02 01:45 | Report Abuse

marcus123,
Tqvm for sharing.....but why they reging zelan for....the way i interprate and speculate they are selling off and clearing off the current assets and projects as if they are reengineering in preparation zelan for somthing new and big...to me that why they free up zelan from all the current role...and kicking off all the rotten xfeber heads....

...my observation related to s.moktar bizz....he is normally doing somthing in low profile mode...no news no nothing...compared to other big boys...

Posted by ding dong > 2016-12-02 08:50 | Report Abuse

yes let see what next...and hopping for rescuer to come soon...

the next mega projects under Malaysian 11th plan awarding season is coming form Dec 2016 to 1st qtr 2017 (as per earlier released news)

Posted by Megan > 2016-12-02 09:53 | Report Abuse

Hi Marcus123,
Wonder where can I find the info such as Zelan already sold their GITT project to Landasan Kapital, MMC already took back Langat CSTP project, Zelan is negotiating with CR3 - China Company to sell the SUKE project to them, mid Dec special board meeting and EGM?

Posted by Megan > 2016-12-02 09:57 | Report Abuse

Also, wonder IIUM hand over status, are there any change on the schedule which was earlier scheduled to be in this quarter?

Posted by Megan > 2016-12-02 09:59 | Report Abuse

Marcus and Ding Dong investment standard is very high

Posted by ding dong > 2016-12-02 11:05 | Report Abuse

Megan,
i am just small trader and just following what happening around the construction stocks..just based on public released news only...some time wounder why certain awarded project like last year still not started ??? and missing form the quarter report without informing in qtr report what rally happen to those missing project and feel like bskl is not transference enough....to be one of the world class

Posted by ding dong > 2016-12-02 11:12 | Report Abuse

infect the story line of GITT project started back in 2010 awarded in 2012 and then awarded for 2nd time in late 2015 and in between just wounder what really happen and until now no news and up date what really happen to the project...so is this type of bskl world class wawasan 2020..????

Posted by ding dong > 2016-12-02 15:36 | Report Abuse

...to bad now is time for construction sector to top up their book order but zelan is going no where..

as per last agm zelan went into several local project bids approx. of rm4bil value...hope this will helps...

Posted by Megan > 2016-12-02 16:32 | Report Abuse

Thanks Marcus and Ding Dong. If IIUM project goes as planned, it has Asset Mgmt income starting Q4'16 and last for next 20 years. I guess it might help to cushion the impact. But looking at your sharing, I am getting concerns whether IIUM project is on track. Wonder Marcus can help on the IIUM progress status?

Posted by ding dong > 2016-12-02 17:24 | Report Abuse

the pre-U IIUM students has been studying there in gambang campus since 2014 so just wander if it yet to be accepted by IIUM..??..it could be the case what is called salience/grace period where by the whole complex to be checked and certified before final official delivery...and the beginning of maintenance and servicing stage...like when you buy a new house once you sign off and collect the key you have 3 months to 6 months grace period to make complain for any rectification

Posted by ding dong > 2016-12-02 17:33 | Report Abuse

this IIUM campus project is probably crown jewel for zelan cause it will provide total turnover(streaming income) more than RM1 billion for next 23 years...

supposely the same thing for GITT for next 25 years if it really become reality but according to Marcus is it already sold to the co-owner of the project..for how much ? nobody knows...no announcement no nothing...

Posted by ding dong > 2016-12-02 17:46 | Report Abuse

as per last agm it was indicated that zelan is growing new bizz on maintenance ans service ...

Posted by Megan > 2016-12-02 19:53 | Report Abuse

Ding Dong, I read the quarter announcement and noticed that in Q4'15, Q1'16, and Q2'16, note 10, saying GITT has been sold at RM 1mil on 30/Dec/2015 and transaction completed on 15/Apr/2016. Too bad.

Posted by Megan > 2016-12-02 20:00 | Report Abuse

From your info, it seems like IIUM should be in good shape. But it has not been mentioned again in Q3'16 quarter report. To be prudent, should find out more.

Posted by ding dong > 2016-12-02 20:03 | Report Abuse

Megan,
TQ for sharing..so now left with IIUM..the suke also to be sold...the only hope the several recent jobs bidding of around rm4bil strike some if not all...

Posted by ding dong > 2016-12-02 20:12 | Report Abuse

may be this one also to be sold sooner or later...
http://www.zelan.com/our-business/engineering-construction/building-construction/center-of-foundation-study-iium/

worst still capital reduction to pay zelan mountain of debt...

Posted by ding dong > 2016-12-02 20:46 | Report Abuse

...2016 3rd qtr report on page 10 did mantion iium nearing complation one of the reason less revenue for last qtr...

Posted by ding dong > 2016-12-02 21:07 | Report Abuse

....and gross culculation iium including service and maintanance will contribute just about rm64mil per annum for next 23 years...look marginal

Posted by Megan > 2016-12-03 00:11 | Report Abuse

I just read the Bursa Announcement dated 31/Dec/2015 and 17/Feb/2016, GITT project although under Landasan Kapital, but Zelan will be the main contractor for work worth RM 307mil. Another surprise is Zelan will also be main contractor for Middle Ring Road 2 ( MRR2 ) Upgrading Works. But it did not mentioned about the amount. Ding Dong or Marcus knows?

Posted by Megan > 2016-12-03 00:33 | Report Abuse

If I am a businessman, I will not sell IIUM as it is golden goose. I will collect the golden eggs. Even if want to sell, HSBC ( the banker ) will involves as it is used as pledge to borrow money. I don't know about services / maintenance margin. But I think it is long term business which should be rather easy to handle on long term employee and spare parts. Wonder Ding Dong and Marcus knows normally what is the margin?

Posted by Megan > 2016-12-03 00:35 | Report Abuse

For short term cash flow, Zelan still has IDR 72mil ( RM 22mil ) to be collected from Indonesia tax refund. Right?

Posted by Megan > 2016-12-03 00:37 | Report Abuse

But if collect back the tax refund, RM 5mil has to pay back to HSBC ( banker ) as it was used as pledge to borrow money

Posted by Megan > 2016-12-03 00:46 | Report Abuse

I start to think why suddenly all the bad news come and the project status which should support the business become silence. Is it planned? For what? Privatize it at cheap price?

Posted by ding dong > 2016-12-03 01:54 | Report Abuse

Megan as yr posted GITT is gone case, sold back to landasan kapital....the problem wth that is related to bumi land title which pending for same time on conversion to public title...the rest related to the same story line is promise apointment related to maintanance of mrr2 which some how zelan manage to get part of suke.....that why my speculation earlier which inline wth the idea from last agm sugesting that zelan is gearing to be service & maintanance base company and going away from the construction and property...may be that why zelan is just finishing the remainance of the current construction jobs and selling off the new suke construction job..

..based on current and new highways and lrt mrt etc, look like the future in this service & maintanance bizz is big and good...

...and my best guess service and maintanance is lecurative bizz low capital investment and providing good streaming income...just imegine if plus just sub con all their high maintanance to zelan sure the share price will fly through the roof and some party may make money for pru14....kikiki

related to the share price now it goes down almost to par value of 10cent (nav 21cent)....so still ok....

...as per Marcus posting related to board n sepecial egm meetings ??....my guess they want to firm up on the company new direction by getting first with board approval than later by share holder approval...and good luck

....anyway take my speculation abovr by a grain of salt.....and honestly those are just my interpration n speculation on the postings by you and Marcus, nothing to do wth external info etc...

Posted by ding dong > 2016-12-03 07:19 | Report Abuse

IDR72mil colected in 3rd qtr 2015 as mantion in comparison section between 2016 3rd qtr vs 2015 3rd qtr in 2016 3rd qtr report. Also mantion in 2016 3rd qtr report that zelan has enough money to maintain it business opertation for next 12 months..

Posted by ding dong > 2016-12-03 09:58 | Report Abuse

Marcus,
Tq for sharing....with all the inside true stories revealed so any clue of zelan way forward from your source that you could share ....