Posted by ImCK > 2014-04-23 22:37 | Report Abuse

another dbhd? i read thier annual report have oversea land also
can someone help check the land issit value ?

Posted by dragonking > 2014-04-23 22:50 | Report Abuse

their land mostly in melaka or negeri sembilan. Do check annual report.

Posted by naughtygirl > 2014-04-24 00:05 | Report Abuse

Show over tomorrow. Their only land bank is in Pasir Panjang, near Port Dickson. Not prime area. I seriously doubt they have the money to develop solely on the Water Theme Park.

Posted by dragonking > 2014-04-24 00:20 | Report Abuse

maybe,,but let market action tomolow confirm, whether a false start. TQ.

Posted by naughtygirl > 2014-04-24 09:58 | Report Abuse

Didn't I said so?

Posted by ganneeneh > 2014-04-24 11:22 | Report Abuse

Volume vanished!

Posted by chia88 > 2014-04-24 14:42 | Report Abuse

This stock is gone!!!!!

Posted by saltedfish > 2014-04-24 16:40 | Report Abuse

chia88 I think this stock will move tomorrow and break 0.19c
23/04/2014 19:08

Yes, gone case looking at the way the stock trade. Naughtygirl was spot on last night !

Posted by Adrian Yew > 2014-04-24 17:01 | Report Abuse

buying volume more than selling volume but the price drop.....

Posted by eu7985 > 2014-04-24 17:28 | Report Abuse

在不久前完成发行不可赎回可转换债券登高控股-LB（TANCO-LB，2429LB，主要板房产）的登高控股（TANCO，2429，主要板房产）日前再有新企业动作。

　这一次是发出多达3409万单位的雇员认购权证（ESOS）。该公司雇员可通过此计划以每股20仙行使价，买进登高控股股票。

　在之前发行的登高控股-LB，登高控股并没有取得很好的认购率。该公司在今年初建议发行总值最高达3349万令吉，或3亿3490万单位的面值10仙可转换债券。

　持有该可转换债券的朋友可以两单位债券转换成为一股，或是使用一单位债券加上10仙现金行使成为一股。不过，该债券的认购率只有57.4%或1亿9233单位债券。

　这主要是因为该公司的股东很多都不愿意认购要以20仙转换的不可赎回债券。登高控股股价在过去一个月的股价都在15仙至16.5仙之间波动，比20仙的转换价或是行使价低。

认购者多为大股东董事

　值得一提的是登高控股-LB大部分的认购者是该公司的大股东和董事们。他们通过额外申请认购债券以及通过市场买进认购权，去达到增加间接股权的目的。

　在登高控股-LB交易后不到一个月，登高又在上周建议发雇员认购权证，该公司的董事们是占有上述雇员认购权证的接近1半数量。

　从公司董事和大股东的动作来看，登高控股股价日后表现应可看俏。假如我们认为懂得公司内部最清楚的大股东和董事，花如此多心思为本身日后增持股票作打算，他们应该对公司股价日后表现有信心。

　登高控股-LB的期限是3年，而这一次的雇员认购权证认购计划期限也是3年。如果投资者认为这些局内人的动作值得注意，那么登高控股股价应该在未来3年内，会从目前价位显著上涨的机会很高。

Posted by eu7985 > 2014-04-24 17:36 | Report Abuse

I think still can join this ctr, buy some 0.175, as this ctr start move from 0.15, now 0.17, 2 sen only, don't think they will satisfy by push it up 2 sen, may be need to keep 3year..

Posted by ganneeneh > 2014-04-24 18:14 | Report Abuse

Points to take note :

1) Up to almost 37,500,000 new Tanco shares at 0.20 a share was issued to DS Tony Tan for his subscription to the Exercise because Tanco owed him almost 5 years of unpaid remuneration of RM7.5m. In a nutshell, this scenario is akin to (a) Tanco has no money to pay his salary for the past 5 years and (b) DS Tony Tan has no money to pay for the new 37.5m shares at 0.20 share.

Any which way you look at it, both major shareholder and Tnaco also has no money. What a joke !

2) Now Tanco is trying to push through the ESOS of 34.09m shares at 0.20 (the par value of Tanco shares). And more than 50% of it is in Tony Tan & family's hand. But the term of the ESOS spelled out clearly that only up to a third of the ESOS can be exercised within any given year. So it will take 3 years to rake in the proceeds of 34.09m x 0.20 = RM 6.818m.

That said, Tanco can only lay hand to RM 2.2726m a year from this ESOS, PROVIDED that each year 's allowable exercise of the ESOS are taken up.

Posted by ganneeneh > 2014-04-24 18:14 | Report Abuse

3) With Tony Tan's salary package alone at RM 1.5m a year, even if each year's ESOS is exercised, Tanco actually can lay hand to (RM 2.2726m - RM 1.5m = RM 772,600 only.

How is this RM 772,600 going to help in building the Water Theme Park? Perhaps buying a few garden tables and chairs will be the ultimate scenario. Another alarm bell.

Posted by ganneeneh > 2014-04-24 18:15 | Report Abuse

4) That 37,500,000 shares as payment in lieu of cash to Tony Tan is almost 11.2% of Tanco's 334.886m Issued Shares. How can Tanco survive where just Tony Tan's remuneration alone is almost 11.2% of the capital of Tanco?

Posted by ganneeneh > 2014-04-24 18:15 | Report Abuse

These 4 points alone is enough to discourage investors into buying Tanco for midterm prospective.

Your discretion to invest in Tanco is advised

Posted by AhSook AhKou > 2014-04-24 18:23 | Report Abuse

Cash in b4 Tony "tan-Kou-u" to 6ft ...............

Posted by Kannibu > 2014-04-24 18:28 | Report Abuse

Daylight robbery !

Posted by JENNY6888 > 2014-04-24 18:32 | Report Abuse

And SC allowed this thing to happened?

Posted by bomoh1 > 2014-04-24 19:46 | Report Abuse

Conman company, sell and run. Check their history, owe people a lot of money.

Posted by sangharimau > 2014-04-24 20:11 | Report Abuse

Tony Tan : Palm Springs Resort City (“PSRC”), a RM5.0 billion 400-acre integrated resort development in Port Dickson, Negeri Sembilan.

His own salary also cannot pay, talk about $5b project? I almost vomit out my dinner!

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

"tan Kou you" six foot under

Posted by Kannibu > 2014-04-25 09:42 | Report Abuse

Tony Tan was charged a few years ago as the director of Tanco for failing to pay for the staff's EPF contributions for a few years.

If it is still the same management or he that runs Tanco now, I won't be surprise to see this already half-sinking ship meeting its ultimate doomsday in the next one to 2 years

Posted by Johnnys > 2014-04-25 09:43 | Report Abuse

don't buy and chase, coffin is ready soon.

Posted by chia88 > 2014-04-25 11:05 | Report Abuse

It can be like Asiapac one day.

Posted by TanSriDato > 2014-04-25 16:43 | Report Abuse

@sop, granted, there are opportunity and trap in the stock market. But what cannot be trusted is that Tony Tan even walloped the staff EPF and did not remit to EPF, together with Tanco's employer's contributions. This is very unfair, cruel and unethical to the staff. How can I even pay $ 0.17 per share for Tanco that is still under his and his family (Dato Lynne Tan and Andrew Tan) stewardship?

Posted by keithchan > 2014-04-25 17:01 | Report Abuse

You better ask your angkong to save Tony Tan for what he had done to the shareholders

Posted by eu7985 > 2014-04-25 18:04 | Report Abuse

Y look down to this ctr? Today x c any panic selling, stand at 0.17, ok ma...

Posted by talkrealreal > 2014-04-25 18:15 | Report Abuse

The volume is 1,187,900 x 0.17 = RM 201,943. Talk about RM5b project? You must be mad

Posted by naughtygirl > 2014-04-25 22:28 | Report Abuse

What Kannibu had written is pin-sharp and revealing. The sudden disappearance of volume from >10m two days ago to slightly above 1m today is enough to put butterfly in your stomach

Posted by chia88 > 2014-04-25 23:44 | Report Abuse

Noted, it s indeed a sad storey how. Rm1.5mil investment now is worth Rm170k......

Posted by naughtygirl > 2014-04-26 10:11 | Report Abuse

Sop, so you saw "bad will" exist in Tanco?

Posted by naughtygirl > 2014-04-26 10:22 | Report Abuse

Pretty sure the project cannot be completed because the company do not have the fund to undertake this size of project.

Worst still, the banks are not keen to lend to them because of their past busuk history

Posted by naughtygirl > 2014-04-26 11:10 | Report Abuse

So you are doing good thing by telling people to stay away from Tanco which is doing bad thing

Posted by talkrealreal > 2014-04-26 22:34 | Report Abuse

Cut the crap. Enough of the past bad history and present lousy outlook under the same crooks. Just SELL

Posted by ganneeneh > 2014-04-26 23:54 | Report Abuse

Further (bad) points to beware of Tanco :

5) Tanco cash balance as at Dec 31, 2013 is only $2.365m while the outstanding loans with Bank Kerjasama Rakyat Malaysia Bhd is an astonishing $31.261m

Posted by ganneeneh > 2014-04-26 23:57 | Report Abuse

6) After settling off with tony Tan's RM 7.5m payroll through the issuance of 37.5m new Tanco shares at $0.20, Tanco still owed certain directors (presumably must be Tony Tan) a further $10.839m !

Posted by ganneeneh > 2014-04-26 23:59 | Report Abuse

Ask you can see, Tanco is in no position to pay off this $10.839m due to Tony Tan, but please don't tell us that Tanco is going to issue another 54.195m new Tanco shares to him ! That is another 16.23% of Tanco's Issued Shares

Posted by ganneeneh > 2014-04-27 00:02 | Report Abuse

If Tanco really do this, that mean a total of 11.2% plus 16.23% i.e. 27.43% new Tanco shares will be created and finding its way to Tony Tan's coffer. That is almost 91.695m new Tanco shares coming online. Imagine what it will do to the market price of Tanco in long term

Posted by eu7985 > 2014-04-27 12:22 | Report Abuse

Do u think tony tan which hold so much tanco share will let te price keeping drop n drop?

Posted by eu7985 > 2014-04-27 12:24 | Report Abuse

Sure he will try push the share price abv 0.20, to sell out those share which offer to him by tanco, to get back the money.

Posted by naughtygirl > 2014-04-27 13:31 | Report Abuse

Problem is he has no money. And the banks are not even taking in Tanco shares for margin financing

Posted by naughtygirl > 2014-04-27 13:33 | Report Abuse

My worry is for him to push the shares, he probably will be pregnant with more Tanco shares which nobody want LOL

Posted by naughtygirl > 2014-04-27 13:35 | Report Abuse

The undersubscription of Tanco-LB is already the warning sign

Posted by naughtygirl > 2014-04-27 13:37 | Report Abuse

With existing 334m issued shares he already cannot push, do you still expect him to push with the additional 34.5m ESOS shares?

Posted by saltedfish > 2014-04-28 09:11 | Report Abuse

lets see how many will vomit and diarrhoea today and tomorrow

Posted by saltedfish > 2014-04-28 10:37 | Report Abuse

from 15.9m shares traded on 23/4 to only 370,500 shares now, sure die !

Posted by Fortuneball > 2014-04-28 12:26 | Report Abuse

Tanco = 等苦

Posted by saltedfish > 2014-04-28 17:20 | Report Abuse

Really 等苦 liao this time

Someone trying to buy at 0.17 every time the stock is trading at 0.165... at the end, big block throw down and closed at 0.165

Maybe 等苦 have to add one more : 何苦呢 ? lol

Posted by Fortuneball > 2014-04-28 18:34 | Report Abuse

苦过弟弟，哈哈

Posted by FatFLOM > 2014-04-29 14:30 | Report Abuse

real 等死 liao