Posted by GemenchehLawyer > 2021-04-05 13:09 | Report Abuse

Is Gkent late in the glove game? Starbizweek.

Posted by GemenchehLawyer > 2021-04-05 16:53 | Report Abuse

After glove news come out, seems like this counter is dying.

Posted by greenberg > 2021-04-06 00:38 | Report Abuse

Going momentum. Add more

Posted by Miz Raya Bloom > 2021-04-06 09:13 | Report Abuse

padaku business glove bagus untuk GKENT dan JOHAN. Lagipun GKENT ada banyak cash dalam bank. Deal JOHAN untuk shareholders pun bagus, 2 shares 1 right issue plus 1 free warrant.

Posted by GemenchehLawyer > 2021-04-06 16:34 | Report Abuse

https://www.klsescreener.com/v2/news/view/812225

Posted by Miz Raya Bloom > 2021-04-12 09:59 | Report Abuse

bila nak jalan abang JOHAN?

Posted by GemenchehLawyer > 2021-04-12 11:53 | Report Abuse

Kena bagi Minyak Raja....

Posted by GemenchehLawyer > 2021-04-12 14:50 | Report Abuse

Miz Raya Bloom, i think we were conned by the glove investment news. Other glove related counter are up. Only this counter s dying.

Posted by Miz Raya Bloom > 2021-04-16 09:21 | Report Abuse

ku masih simpan, bukan con la, real thing, kena sabar, my personal thinking, boleh naik tinggi ini, glove production jalan august kan

Posted by huatkopi88 > 2021-04-16 10:52 | Report Abuse

Jual diners club how?

Posted by GemenchehLawyer > 2021-04-16 15:13 | Report Abuse

Covid wave 4 is coming, Glove business should be very potential again. When want to fly?

Posted by GemenchehLawyer > 2021-04-19 10:43 | Report Abuse

why no updated news from disposal ofdiners club to Singapore?

Posted by Miz Raya Bloom > 2021-04-20 12:17 | Report Abuse

diners club dah jual, yang tinggal sekarang hanya resort kat LUMUT, so tentunya business glove gerenti jadi buat

Posted by huatkopi88 > 2021-04-20 12:39 | Report Abuse

Belum ada berita sudah jual Diners, besok 21/4 baru tau

Posted by Miz Raya Bloom > 2021-04-21 10:04 | Report Abuse

kan dah keluar berita lama hingga MSWG pun bising JOHAN no business tu sebab sekarang nak buat glove manufacturing kat Lumut kikiki

Posted by huatkopi88 > 2021-04-21 12:43 | Report Abuse

Itu hanya cadangan nak jual, hari ini tengok confirm sudah jual ke atau tunda lagi. Dah tunda banyak kali

Posted by huatkopi88 > 2021-04-21 21:19 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3150085

Tunda lagi dari 15 Mac sehingga 17 May. Nampaknya Diners susah nak jual.

Posted by NoEmo > 2021-04-21 21:29 | Report Abuse

Dont waste time monitoring this sales. It will be like Lion Industry's disposal of Antara Steel which ended up falling through.

Posted by Miz Raya Bloom > 2021-04-21 22:15 | Report Abuse

tunda? apasal aritu MSWG heboh sangat macam dah no business
kikiki

Posted by CoolBull > 2021-06-05 23:47 | Report Abuse

Johan gets going with glove venture

https://www.thestar.com.my/business/business-news/2021/06/05/johan-gets-going-with-glove-venture

Posted by fortheemprah > 2021-06-09 11:50 | Report Abuse

Guys, did Johan management reached a breaking point of desperation and resorted to Gloves? It's like the bubble-tea and cafe rush where everyone hoped for an easy way forward.

Quick poll, do you foresee 5 years down the road to read the news headlines "Johan seeking to sell its glove manufacturing assets as competition pummeled the ASP of gloves to below profitable level"?

Posted by wongkl0307 > 2021-06-10 12:35 | Report Abuse

K4 Prospects

Continuing operations:
The Proposed Disposal of Diners Club Singapore and Diners Pay Pte Ltd for a consideration of S$103,586,103 (approximately RM313.98
million) will put the Group in a stronger position.

Posted by wongkl0307 > 2021-06-10 14:47 | Report Abuse

one of the few pennies that havent fry up

Posted by AlfI3 > 2021-06-17 06:38 | Report Abuse

Less entertaining during MCO periods hits Diner's Club sales attractiveness. Its goodwills values drastically deteriorated

Posted by jlex11 > 2021-06-23 10:51 | Report Abuse

Guys, this may be a boring counter but it about to change..

Posted by jlex11 > 2021-06-23 10:54 | Report Abuse

The company principal business is vide Diner Club Spore which contribute over 85% of the company turnover...However , Diners is making losses year in and year out and has borrowing of over RM500M to finance the card business and high finance costs... the gearing ratio of the company is also very high...

Posted by jlex11 > 2021-06-23 10:59 | Report Abuse

If the company continue to pursue the Diner Card business, it will bleed the company further. The company has decided to dispose of Diner Card Spore for S$103.5MM or RM 313.9M . At the EGMM , the appoval from the shareholders have been obtained, and it is pending completion due to the compliance of the condition precedent to the SSA. It has been extended to 30th June 2021 for the purchasers to comply with the condition precedent to the Sale.

Posted by jlex11 > 2021-06-23 11:04 | Report Abuse

With the completion of the Sale of Diners Club Spore(DCS) , the company is expected to make a profit of RM 190 M for the said sale and expected to be reported in the company Quarter... at the same time , the purchaser is expected to complete the SSA and finalise the Sale by 30th June 2021 unless further extended by the Purchaser...

At the same time , the company has also discontinue the other non profitable business of the company and has sold off the company piece of land for RM100M plus... as it stand , the company has CASH close to RM100M and the NTA prior to the sales of DCS is 9cts...with the completion of the DCS sale , the NTA will increased to 32.9 cts and the bank borrowing will be reduced to RM16M from RM530.0M...

Posted by jlex11 > 2021-06-23 11:08 | Report Abuse

Way forward , with a clean balance sheet , the company has enter into a JV with GeorgeKent 60:40 to enter into the Glove Business....and to call for a right issue of 1 for 2 at 10cts to finance their venture into the Glove Business which is expected to start trial production by August 2021 and commercial production by Dec 2021.. check out their Glove Venture Business..

It looks good to me ....

Cheers & good luck..

Posted by AlfI3 > 2021-06-24 02:53 | Report Abuse

@jlex11 Many thx for d financial info of its latest Corperate movembs & new ventures. So Johan will start with a new blank balance sheet of its new biz ventures after d land & DCS disposal.

Hope for a better tmrw

Posted by Miz Raya Bloom > 2021-06-29 08:59 | Report Abuse

IB dah downgrade glove counters. Ku rasa JOHAN jalan lambat, mungkin satelah factory siap order masuk baru jalan

Posted by jlex11 > 2021-06-29 18:21 | Report Abuse

well , let see whether the announcement tomorrow or the day after tomorrow will spike the upward movement of the shares..

Cheers...

Posted by kihkihkih > 2021-07-02 13:13 | Report Abuse

What would be the possible price for the new warrant when it is listed after the completion of the exercise? If the mothershare is maintained at current price 11 sen to 12 sen, then the warrant price would be the profit gained.
If one has 100,000 units of the warrants and quoted at 5 sen on the listing day, then it would be RM5k profit (minus commission + fees) if the mothershare maintained at 11 sen to 12 sen. About 50% profit within a month compare to fd in a bank with intetest 1% to 3% per annum.

Posted by jlex11 > 2021-07-03 01:00 | Report Abuse

I believe the W will be price at between 2-3cts ..

Cheers..

Posted by jlex11 > 2021-07-03 01:15 | Report Abuse

What is interesting is Johan sale of DCS , which will yield a profit of RM190M to the company & increasing the NTA of the company to 32cts...it was extended to 30th June 2021 and the fact that there was not announcement of any further extension of time, it is evident that the transaction has been completed .The company is finding a right timing to announce it.. Expect the price to surge, once the announcement is made...

The company made a Loss of RM32M last financial year mainly from the loss incur by DCS and with the sale of DCS , the bleeding of the company will stop & good times ahead is expected.

Cheers..

Posted by eesquare > 2021-07-03 08:58 | Report Abuse

In Johan latest QR released on 2nd June, they mentioned "The transaction has yet to be completed pending the fulfilment of Conditions Precedents ("CPs") by the purchaser." I hope the deal has not fallen through.

Posted by jlex11 > 2021-07-03 09:55 | Report Abuse

@eesquare - the completion date was postpone and expired on 30th June and no announcement was made on whether it was extended like before...my view is that it has been complied with and pending completion... and final announcement

If the deal fell through , it is a sell on Johan as it will continue to bleed...

Cheers..

Posted by eesquare > 2021-07-03 12:28 | Report Abuse

Typo error. QR released on 2nd July* @jlex11 I hope so too, but trying to be objective here.

Posted by kihkihkih > 2021-07-03 12:33 | Report Abuse

Perhaps picking a strstegic date to announce after 'they' have accumulated enough of the OR?

Posted by jlex11 > 2021-07-03 13:49 | Report Abuse

@KihKihKih - they holds sufficient controlling stake oledi ...matter of timing for announcement if the deal is completed , which is likely the case. Timing of announcement is key , possibly after the OR ceased being listed or political situation eased off slightly...just a wild guess...

A boring counter but if you get it right, the return will be good with calculated & mitigated risks...

Cheers & stay safe..

Posted by jlex11 > 2021-07-03 14:11 | Report Abuse

Allow me to share some insight of the way forward on Johan investment in the Glove business by comparing it with existing Glove company...

a. Based on the expected capacity of Johan , the closest comparision is Comfort Gloves, with NOSH of 583M and Mkt capitalisation of appro. RM1.1 Billionand production capacity of 12B Gloves p.a.. Johan after the Rights issue ,NOSH is appro 1.1Billion shares & mkt capitalisation of RM130 M & production capacity of 1,2 B pieces p.a. ... but Comfort is 10 X more expensive that Johan.

b. Johan Glove production is expected to commence in Aug within 1 line and sale to start in Sept 2021 & 4 lines under commercial production by Dec 2021...

c. Though comfort is in full production now but their production line is outdated as compared to that of Johan ...comfort is upgrading their production lines too...

d..there are other justifictions too but why should I invest in comfort which is 10 times more expensive that Johan when after a year or 2 , both will have similar production capacity but Johan having a more sophiscated and modern less intensive production line ...... & 10X cheaper...

It for you to ponder....I prefer Johan if I wish to continue to have some portfolio exposure in the Glove business...It is a mitigated and calculated risk exposure...

Cheers..

Posted by thesteward > 2021-07-05 20:28 | Report Abuse

Wah good research

Posted by AlfI3 > 2021-07-05 23:27 | Report Abuse

It made good sense to b considering. Thx jlex11

Posted by valuewood11 > 2021-07-06 23:35 | Report Abuse

may i ask, if i forgot to sell off the johan OR yesterday, does that means i just loss the free units?

Posted by hakubasnow > 2021-07-06 23:53 | Report Abuse

valuewood11, All you have to do now is to subscribe to the rights by paying the required amount (how many rights that are allocated to you) BEFORE the acceptance date 13/07/21

Posted by valuewood11 > 2021-07-08 01:03 | Report Abuse

thanks hakubasnow. May i know how much i need to pay for 10000 units of OR?

Posted by hakubasnow > 2021-07-08 01:23 | Report Abuse

Right Issue price = 10 sen
So 10,000 x 0.10 = RM 1,000

Posted by jlex11 > 2021-07-09 10:00 | Report Abuse

Let hope they announce the completion of the sale of DCS today or will it be defer again?

The price is expected to move once the sale is completed or maybe considering the market sentiment it may be better to announce it closer to the listing of the Rights & W ...

Cheers & have faith in it....

Posted by eesquare > 2021-07-09 16:34 | Report Abuse

Guys, Johan has done it. Diners club sold.

Posted by valuewood11 > 2021-07-09 17:25 | Report Abuse

Thanks again hakubasnow