Posted by wee888 > 2014-01-29 18:54 | Report Abuse

Google private placement, u will learn alot.

Posted by mk88 > 2014-01-29 19:30 | Report Abuse

treasury shares are shares bought back by company- normally to support share price - no increase in paid up capital

private placement is new shares issued by company (once approved by Bursa) to interested investors - will increase paid up capital

Posted by skyhigh > 2014-01-30 10:48 | Report Abuse

private placement will also dilute EPS of the company. But as long as the company keep growing using the fund from PP, it should be ok. This PP is ~15% of total shares.

Posted by Alex Lim > 2014-02-04 12:54 | Report Abuse

（吉隆坡3日讯）富达（PRTASCO，5070，主板建筑股）虽积极拓展公司规模及朝向多元化业务发展，但该公司允诺，扩展计划不会影响现有的派息制度。

富达董事经理拿督斯里张吉平接受《南洋商报》专访时表示，该公司将维持每年两次派息，全年股息将介于8至10仙之间。

他说，一年派息两次的决定不会改变，预计每次派息将介于4至5仙，派息时间约在1月或7月。

周息率达5.7%

“我们在1月时，已经宣布每股派息4仙，派息率达60%，但随着未来将有多项计划开跑，未来的派息率或将下降至50%，但我们将继续派发股息，奖励长期支持公司的股东。”

该公司在2010财年派息达10仙；2011财年时股息为8仙；2012财年时增至14仙，其中包括特别派息6仙。

彭博社数据显示，富达过去5年的股息增长为2.7%，周息率约为5.7%。

手握6.9亿订单

张吉平透露，公司的建筑部门正与多方商谈新订单，至于现有的政府合约，也正洽谈更新。

目前，富达手中的订单达到6亿9000万令吉。

艾芬投行研究早前报告指出，富达今年料可获得5亿至10令吉的建筑工程合约，这包括大马公共房屋计划及跨婆罗洲高速公路（Pan-Borneo）等大型公共工程项目。

上月初，子公司HCM工程私人有限公司（简称HCM），获布城房产发展合作社颁发总值约8810万令吉的房屋承包合约，负责在霹雳曼绒及森美兰日叻务（Jelebu），分别设计、兴建和完成各907及237单位的可负担房屋。

详文请购阅《南洋商报》

Posted by cheongcy > 2014-02-04 13:44 | Report Abuse

i bet protasco to have the least fair value of RM2.00..

Posted by Amao Mao > 2014-02-05 16:57 | Report Abuse

Just wondering, does anyone has the outcome of the EGM?

Posted by Steven Choong > 2014-02-05 17:14 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1532281

Posted by Amao Mao > 2014-02-05 17:15 | Report Abuse

Oh thanks, found it in this page too :P

Posted by Ecoworld > 2014-02-05 18:47 | Report Abuse

Oil no production yet. Wait until really shows oil shoot up price follows.

Posted by speakup > 2014-02-05 22:35 | Report Abuse

very poor corporate governance in Protasco
http://www.kinibiz.com/story/tigertalk/70328/protasco%E2%80%99s-%E2%80%98thrilling%E2%80%99-og-adventure.html

Posted by speakup > 2014-02-05 22:35 | Report Abuse

management is hiding some secrets from investors

Posted by mk88 > 2014-02-06 08:40 | Report Abuse

the oil is a brownfield with profit guarantee and shares pledged. I guess the risk is minimum. upside is great. no major funds selling is an indication that they had weighted all risks

Posted by lepeng85 > 2014-02-06 08:44 | Report Abuse

forget Protasco, this counter is being press down by invisible hand

Posted by skyhigh > 2014-02-06 10:54 | Report Abuse

i guess the price won't go up too much until the ex-date of private placement is announced.

Posted by mk88 > 2014-02-06 11:10 | Report Abuse

agree, have to wait for the ex-date for bonus warrant, probably then will see actions

Posted by halopanda > 2014-02-06 11:51 | Report Abuse

If price too high, buyer may not be willing to take placement. So price cannot be too high for now.

Posted by Firebird2 > 2014-02-06 12:05 | Report Abuse

Private placement is at, at least Rm1.65. If the current price is Rm1.40, might as well buy from the open market if those private investors wants to own this shares. So open market price should be pushed up to more than Rm1.60 for those private investor to be interested to be placed with a lower entry cost. Am I correct? Pls comment if I misunderstood. Thx

Posted by Firebird2 > 2014-02-06 12:06 | Report Abuse

Sorry type error, 'more than Rm1.65'

Posted by manutdchampion > 2014-02-06 13:18 | Report Abuse

when ex-date of private placement is announced?tq

Posted by skyhigh > 2014-02-06 13:22 | Report Abuse

This private placement price also come with free 2 warrants, say if the free warrant is priced at 0.15, PP owner will get 30cents for each share they own. For 1.40 + 0.30 = 1.70. The current open market price (1.40) is still consider more expensive than the PP. Of course that is the assumption that the WA price is 0.15. Until the final date and WA price is announced, the price will not be pushed to RM 1.65 for sure.

Posted by mk88 > 2014-02-06 14:10 | Report Abuse

but the private placement is for big buyers eg fund managers and not retailers. there is minimum shares to subscribe

Posted by halopanda > 2014-02-06 14:31 | Report Abuse

In one recent announcement, it was mentioned that each warran is priced at 0.12. Thus, 1.41+0.12x2 = 1.65

Posted by Firebird2 > 2014-02-06 14:39 | Report Abuse

The picture is clearer now. For retailers there will be 1 FOC warrant for every 10 shares.

Posted by skyhigh > 2014-02-06 14:44 | Report Abuse

yes, that's the reason why the share price won't move as of now. Looking at the new projects and on going projects for this counter, EPS growth will certainly overwhelm the number of shares (which will dilute the EPS) once the PP listed.

Posted by Firebird2 > 2014-02-06 14:50 | Report Abuse

Certainly so. But any idea why they are disposing their treasury shares? A lot of happenings.
1. Healthy construction and road maintainance jobs
2. De centrum project, mall, condos, hotels (buyers offering them Rm250mil ?)
3. Reviving Libyan projects
4. OnG ventures, if successful, rerating will come.

Posted by skyhigh > 2014-02-06 14:58 | Report Abuse

looking at the number of treasury shares disposed, the 'buyer' definately not from retail treader, I'm guessing that the same private investor(s) that going to subcribe PP bought it. Maybe the investor wanted to absorb more shares but they can't buy from open market which will shoot up the share price before PP. So, they are asking the company to off load the treasury shares. Just my thought.

Posted by Firebird2 > 2014-02-06 15:09 | Report Abuse

To many, there seems to be a lot of mystery about whats going on. Lets hope the management handle the business well, as they are also major shareholders. If things goes well, there could be a powerful upthrust looking at what they are doing to create value. Maybe there would be another big interested party joining forces.

Posted by skyhigh > 2014-02-06 15:18 | Report Abuse

the reason im having this counter in my portfolio is the future earnings of this company even without the O&G business. with dividend yield >5%, no harm with long term investment but for those short term traders, they might hesitate by looking at the flat movement of the share price recently. Fair enough.

Posted by halopanda > 2014-02-06 15:24 | Report Abuse

Proceeds from sale of treasury shares = RM 18mil = Remaining cash consideration for oil and gas acquisition.

Price shouldn't go any higher for now otherwise PP buyer would have to pay higher price than 1.65. Possibly agreed between both parties beforehand.

Posted by Firebird2 > 2014-02-06 15:34 | Report Abuse

Ya rite, same reasons too here. Think for a whole year period, not bad performance. Appreciated 40%. Not easy to find too, but since Aug-Sep last year, price have stagnant, but wont be for long, looking at the revenue, PBT, EPS, all are improving and better than last FY.

Posted by mk88 > 2014-02-06 18:27 | Report Abuse

the treasury shares sold at profit too, easily rm2 to rm3m?

Posted by davidkkw79 > 2014-02-06 22:49 | Report Abuse

stagnant stock... same as plenitude

Posted by speakup > 2014-02-06 22:53 | Report Abuse

i smell a rat in Prtasco

Posted by mk88 > 2014-02-07 08:06 | Report Abuse

hope it turns out to be a dragon. happy with a horse or a dog too

Posted by lepeng85 > 2014-02-07 09:38 | Report Abuse

finally up 1 sen

Posted by Investeye > 2014-02-07 13:48 | Report Abuse

Recent ventured in O&G gave some doubts to investor but general perspective is still solid. With expected dividend of at least rm0.08, At rm1.40, there expected return is 4.2% after tax. So, take this situation to accumulate some lots and hopefully Protasco will clear the sky with more project secured!

Posted by mk88 > 2014-02-07 14:43 | Report Abuse

the counter neither go up or down
strangely, buyers well fed at 1.40 and new buyers kept coming!!

Posted by skyhigh > 2014-02-07 15:47 | Report Abuse

If they price going to move, I guess it will be after the 5-day V-WAMP for the private placement.

Posted by Investeye > 2014-02-07 17:51 | Report Abuse

I think the price will up if Prtasco win the Court Case, else they the need to pay about RM10 mil. This is the risk and why the share price is down. Whatever the result is : In the long run, the Prtasco expects to perform better.

Posted by skyhigh > 2014-02-10 11:58 | Report Abuse

10mil will be deducted from the cash on hand, i believe it will not dilute the EPS.

Posted by Alex Lim > 2014-02-10 20:58 | Report Abuse

sien....keep maintan at 1.40-1.41....wait wait wait

Posted by ken9775 > 2014-02-11 11:14 | Report Abuse

moving to 1.50

Posted by mk88 > 2014-02-11 11:33 | Report Abuse

huat huat

Posted by lepeng85 > 2014-02-11 11:34 | Report Abuse

finally it start to move

Posted by DreamHunter > 2014-02-11 11:36 | Report Abuse

Moving into O&G ah?

Posted by Soo Wai Leng > 2014-02-11 11:40 | Report Abuse

sell now, cuz many fake rally. Will back to square Rm1.40

Posted by Fitri > 2014-02-11 11:56 | Report Abuse

this counter looks a little shady lah

Posted by ken9775 > 2014-02-11 12:13 | Report Abuse

keep for long term,good div.

Posted by mk88 > 2014-02-11 12:43 | Report Abuse

need to close above 1.45 to huat huat

Posted by Soo Wai Leng > 2014-02-11 15:10 | Report Abuse

no huat as usual, target 1.40