Posted by StingRay > 2016-03-17 17:41 | Report Abuse

Hahaha... interesting movement for this counter today. Yup, I sold mine early in the morning and bought it back. Some may think that it is crazy after selling, I committed myself again. I sold above RM1.50 and bought back at RM1.43. That will help me discount my buying price by RM0.10.

The main reason why I bought it back consists of a few:
1) The NTA is around RM2.63 which is way above the current price.
2) Having sold their education arm, yeah... I am aware that it is money making engine for the company, I believe they would be able to focus into other more profitable area. With the cash from the sales, they would be able to maneuver easier.
3) This counter is highly political. Yup... go check out the latest move from Non Executive Director to Chairman. Check out his back ground. See anything interesting there? We all know that there will be massive budget for development allocated to Sarawak state. Afterall, they are the FD for our current Government, ain't they? So, my view would be.... well... use your imagination lah.

Anyway, I have been monitoring closely the movement of this counter today. And yes... it was pushed down on purpose. For whatever reason, I would not know. Maybe today is a Thursday and not Friday and based on past movement, this counter will only wake up on Friday... LOL!!! Anyway, I will be keeping mine and hope some interesting development will be revealed soon. All the best guys.

Posted by stupidpuncakkps > 2016-03-17 17:43 | Report Abuse

SAPRES will go back to 1.20. heavy resistance 1.50...

Posted by stupidpuncakkps > 2016-03-17 17:44 | Report Abuse

will stuck in trading range 1.20-1.50..

Posted by stupidpuncakkps > 2016-03-17 17:45 | Report Abuse

break 1.50 will go 1.75 to 2.00 until then sapcres will be stuck in trading range..

Posted by StingRay > 2016-03-17 17:45 | Report Abuse

Oh... one more thing. This counter is a cornered counter. Meaning there is not many free float in the market. So, it would be easy to manipulate the up and down of this counter by whoever... if you get the drift. LOL!

Posted by StingRay > 2016-03-17 17:47 | Report Abuse

Aiyooo... I don't know how to address you loh so I will just call you puncakkps kikiki... yup, you may be right but I am in no rush. Let them do whatever they need to do and just make sure they give me a good return in the future. LOL!!!

Posted by wisdomtot > 2016-03-17 17:50 | Report Abuse

My observation.... 18 Jan & 18 Feb there was a spike in Sapres share price...& tomorrow is 18 Mar...will the pattern be repeated ?

Posted by StingRay > 2016-03-17 17:56 | Report Abuse

wisdomtot... I hope so. During this period, I think one major event will take place loh... the Sarawak State election. Good or bad for this counter... I also want to know loh. kikiki.

Posted by bgvalue > 2016-03-18 09:04 | Report Abuse

This is a good level to enter. Company will be a cash rich upon completion of disposal. My personal target price is around RM2.20 to RM2.50.

Current price will provide a steep margin of safety due to the undemanding valuation of only 0.5x BV.

Upon completion BV will rise to RM4/share which means the valuation is only 0.34xBV.

Posted by patrickmental16 > 2016-03-18 11:01 | Report Abuse

Crazy undervalue. Upon disposal, even the net cash after deducting the debt is already over RM1.6 per share.

Never seen a company trading below net cash position before. I bet institutional investors like Kwap, PNB, EPF or Tabung Haji would be interested in this stock soon.

Why no analyst covering this?! Crazy! Crazy!

Posted by KW0203 > 2016-03-18 16:08 | Report Abuse

No Friday surprise this round and the selling mood is strong. Seems like everyone is annoyed by the 5 cents dividend?

Posted by wisdomtot > 2016-03-18 17:16 | Report Abuse

This counter's operator is really stingy... a bit tough to catch the flow...

Posted by bone > 2016-03-18 17:16 | Report Abuse

next week =)

Posted by crystal168 > 2016-03-19 08:52 | Report Abuse

This article first appeared in The Edge Financial Daily, on March 18, 2016

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) said its education arm Ilmu Education Group Sdn Bhd’s plan to acquire the education assets of Sapura Resources Bhd (SapRes), together with its recent buyout of minority shareholders in two other education firms, are part of its plan to position Ilmu as one of the largest private education providers in Malaysia.

Posted by crystal168 > 2016-03-19 08:53 | Report Abuse

In a statement yesterday, Ekuinas said the move will cost Ilmu RM363.2 million in total: RM315 million for the proposed acquisition of SapRes’ assets, with the remainder RM48.2 million being the sum it spent to buy the remaining 10% stake in Unitar Capital Sdn Bhd (RM13 million) and the remainder 30% stake in Tenby Schools (RM35.2 million).

“Ekuinas is aggressively executing our value creation plans for our education portfolio under Ilmu, and this next step is a natural progression towards achieving our vision for Ilmu,” said Ekuinas chairman Raja Tan Sri Arshad Raja Tun Uda.

Ekuinas chief executive officer Syed Yasir Arafat Syed Abd Kadir said the investments in APIIT Sdn Bhd, Unitar International University and Tenby Schools will further strengthen its position in the education sector, consistent with its strategy to position Ilmu as one of the largest private education providers in Malaysia.

Ekuinas said since its entry into the three education institutions — namely the APIIT Education Group, Unitar, and Tenby — the firms collectively increased their total number of students to 28,388 and combined revenue to an estimated RM362.6 million in 2015.

Yesterday, SapRes announced it would be selling its education assets comprising a 49% stake in APIIT, 49% stake in Asia Pacific University Sdn Bhd and 37.61% stake in Asia Pacific Institute of Information Technology Lanka (Pvt) Ltd to Ekuinas.

Posted by tjhldg > 2016-03-19 16:11 | Report Abuse

hahahaah .. halo fukuihua ...kikikikiiiiiiiiiiiiiiiii

Posted by yongyou > 2016-03-21 07:39 | Report Abuse

Good Morning

Huat Ahhhhh !!!!!

Posted by crystal168 > 2016-03-21 08:30 | Report Abuse

breakout 1.38/1.50 will be more interesting

Posted by crystal168 > 2016-03-21 10:34 | Report Abuse

haha

good morning fukuihua.


"fukuihua >>> Aiyo.......sikalang macam breakdown leh.......bila mau breakout ni.......kina tunggu lagi leh......ki ki ki
21/03/2016 09:14"

Posted by crystal168 > 2016-03-21 10:55 | Report Abuse

wah, just logon to check index point, -ve 6.37

Posted by pelaburuntung > 2016-03-21 11:39 | Report Abuse

price keep on going down even good new announce, wonder why?

Posted by crystal168 > 2016-03-21 19:35 | Report Abuse

1.20 once again ?

Posted by crystal168 > 2016-03-22 08:05 | Report Abuse

Haha good morning fukuihua

thanks for the updates

Posted by crystal168 > 2016-03-22 09:49 | Report Abuse

:)

Posted by crystal168 > 2016-03-23 08:34 | Report Abuse

QR should be next week

Posted by crystal168 > 2016-03-23 08:35 | Report Abuse

itu fukuihua punya posting dia delete lagi kah ?

Posted by KW0203 > 2016-03-23 11:42 | Report Abuse

Price seems attractive now 8-)

Posted by wisdomtot > 2016-03-23 11:48 | Report Abuse

indeed... someone keep absorbing at 1.26 at the moment... afternoon session hopefully got one round of panic sell on T+4

Posted by crystal168 > 2016-03-23 15:09 | Report Abuse

:)

Posted by augustinafederica > 2016-03-23 16:47 | Report Abuse

going in or not?

Posted by crystal168 > 2016-03-24 15:00 | Report Abuse

??

"turbochart >>> Suspended.
24/03/2016 12:58"

Posted by KW0203 > 2016-03-24 15:32 | Report Abuse

uh..hoo..big sale now!

Posted by bone > 2016-03-24 15:58 | Report Abuse

panic sell

Posted by crystal168 > 2016-03-24 22:40 | Report Abuse

thanks for the info

"turbochart >>> Sell!!no 90sen no talk!! Yohyoh! !
24/03/2016 18:25"

Posted by crystal168 > 2016-03-24 22:45 | Report Abuse

SAPURA RESOURCES BERHAD (“SRB” OR “COMPANY”)

I. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 49% EQUITY INTEREST IN APIIT SDN BHD (“APIIT”) TO ILMU EDUCATION GROUP SDN BHD (“ILMU”) AFTER THE PROPOSED REORGANISATION FOR A TOTAL CASH CONSIDERATION OF RM58,000,000 (“PROPOSED DISPOSAL OF APIIT”);

II. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 49% EQUITY INTEREST IN ASIA PACIFIC UNIVERSITY SDN BHD (“APU”) TO ILMU FOR A TOTAL CASH CONSIDERATION OF RM161,988,000 (“PROPOSED DISPOSAL OF APU”); AND

III. PROPOSED DISPOSAL BY SRB OF ITS ENTIRE 37.61% INTEREST IN ASIA PACIFIC INSTITUTE OF INFORMATION TECHNOLOGY LANKA (PVT) LIMITED (“APIIT LANKA”) TO ILMU FOR A TOTAL CASH CONSIDERATION OF RM27,000,000 (“PROPOSED DISPOSAL OF APIIT LANKA”)

(The above are collectively referred to as “Proposed Disposals”)

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 16 March 2016.)

Reference is made to the announcement dated 16 March 2016 in relation to the Proposed Disposals. On behalf of SRB, we wish to clarify that in Sections 3 and 5.4, the pro forma gain on disposal based on the audited financial statements as at 31 January 2015 should be read as RM138.0 million and not RM192.2 million. The amended pro forma effects of the Proposed Disposals on the NA, NA per share and gearing of the SRB Group are set out in the attached table.

This announcement is dated 24 March 2016.

Posted by wisdomtot > 2016-03-25 00:20 | Report Abuse

smelling elements of intentional foul play.. dirty dirty..

Posted by crystal168 > 2016-03-25 09:09 | Report Abuse

Good Morning fukuihua


"fukuihua >>> Aiyo...apasal rm192.2 mil became RM138 mil....aiyo...so careless meh ....120 next support mau pecah kah......kui kui kui....ki ki ki kui
24/03/2016 23:19"

Posted by crystal168 > 2016-03-25 09:09 | Report Abuse

thanks for the info

"cricketlast >>> Doesn't really matter. The total cash proceeds is still rm315mil (or RM2.26/share)
This all is just accounting. The total net cash position after the disposal will still be RM1.64 per share after deducting all the debt. Basically investor is still on ly buying the company's futurr cash reserves only. All other business are free.
25/03/2016 00:17"

Posted by KW0203 > 2016-03-25 09:34 | Report Abuse

Strange that normally company would always love to publish good figure and even if it's wrong also try to hide and announce the amendment as late as possible, only this company act very fast to clarify the wrong figure asap and like hard selling they are earning low and not high.
此地无银三百两?

Posted by crystal168 > 2016-03-25 10:03 | Report Abuse

Congratulations

"
turbochart >>> Sold all at...tell u later. ..hehe
25/03/2016 09:29
"

Posted by crystal168 > 2016-03-25 14:08 | Report Abuse

Quarter Report

"cricketlast >>> sorry, what's QR?
23/03/2016 17:08"

Posted by wisdomtot > 2016-03-25 17:33 | Report Abuse

Maybe have to wait until proposal is officially approved before see some action... a long wait...

Posted by bone > 2016-03-25 22:58 | Report Abuse

panic panic sellers ..

Posted by KW0203 > 2016-03-28 16:52 | Report Abuse

Wow..RM1.20 supporting level soon.

Posted by munhou > 2016-03-29 14:30 | Report Abuse

cash balance alone is more than share price. this is insane

Posted by KW0203 > 2016-03-29 15:35 | Report Abuse

Seems like RM1.20 (if someone still willing to throw) is a good entry now.

Posted by KW0203 > 2016-03-29 16:42 | Report Abuse

Ok, entered again at RM1.20.

Posted by crystal168 > 2016-03-30 07:33 | Report Abuse

okok

"turbochart >>> Sell! !no 90 sen no talk!!hehe..
30/03/2016 07:10"

Posted by KW0203 > 2016-03-30 23:35 | Report Abuse

Maybe will be really suspended tomorrow due to not able to submit the QR, ha...ha...

Posted by Mohd Fahmi Bin Jaes > 2016-03-31 07:35 | Report Abuse

no suspend