Posted by TMMC > 2017-04-27 16:16 | Report Abuse

Hi Albukhary ...it seems we have similar taste of stocks :pppp
0.80 !!!!!!

Posted by j450n > 2017-04-27 16:51 | Report Abuse

wow after so long now it is awake!

Posted by sheep > 2017-04-27 21:45 | Report Abuse

As usual, sell on news...dont get trapped

Posted by sheep > 2017-04-27 21:48 | Report Abuse

Bad news?

The Board of SILK Holdings Berhad ("SHB" or "the Company") wishes to announace that its external auditors, KPMG PLT have issued a statement of "Material Uncertainty Related to Going Concern" in respect of the Financial Statements for the financial year ended 31 December 2016.

Please refer to the attached for the further information.

This announcement is dated 27 April 2017.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5411393

Posted by sheep > 2017-04-27 21:49 | Report Abuse

Very good news .... finally

On behalf of the Board of Directors of SHB, Affin Hwang Investment Bank Berhad and Astramina Advisory Sdn Bhd wish to announce that PNB has notified SHB that PNB is satisfied with the results of the Due Diligence Inquiry.



In addition, SHB has, through a letter dated 27 April 2017, been notified by UKAS that the GoM is agreeable to the change in the shareholding structure of SILK arising from the sale and transfer by SHB of the Shares to PNB or its nominee.



Hence, the SPA has become unconditional today pursuant to the fulfilment of all Conditions Precedent.



This announcement is dated 27 April 2017.

Posted by gelong > 2017-04-27 22:18 | Report Abuse

stop aku mu late, bye2

Posted by thienthien > 2017-04-27 22:23 | Report Abuse

finally deal done, will the price up further?

Posted by TMMC > 2017-04-27 23:01 | Report Abuse

@gelong, what's ur tp ?

Posted by Albukhary > 2017-04-28 08:09 | Report Abuse

Let me share some facts & figure here, then you guys decide whether it is a good investment or not:-

1) The PNB offer is not only RM380mil as many newspaper announce.
The actual purchase is RM380mil + RM20mil. If you refer to the Circular to Shareholder dated 6 March 2017, paragraph 2.3.2, it mentioned that PND will pay an additional RM20mil to SILK Holding within 6 month from the date of completion.


2) Yesterday the auditor has raise their opinion on going concern of the company. But this worries can be immediately mitigate once SILK received the RM380mil + RM20mil. So no more going concern issue to be worried.

3) The estimated gain from this sale proposal is RM365mil, which turn out to be EPS of 54sen.

4) The NTA will be increase from 16sen to 70sen.


Beside that, please note that Jasa Merin is one of the biggest OSV Support provider in Malaysia, and it has the youngest fleet compare to other.

TP: RM0.80

Posted by Albukhary > 2017-04-28 08:58 | Report Abuse

Last chance to buy SILK.... This weekend The Edge may cover it, so next Monday will fly another round.

Posted by Albukhary > 2017-04-28 09:38 | Report Abuse

Washing out weak player...
Those who stand until the last will win.

Posted by gelong > 2017-04-28 09:51 | Report Abuse

buy keep wait 10 sen dividend, best deal today

Posted by bursahunter > 2017-04-28 10:35 | Report Abuse

should give more dividend la..been waiting for so long already

Posted by sheep > 2017-04-28 11:16 | Report Abuse

Good to wait till T+3 heavy volume. Buy now is to help contra to cash out.

Posted by Albukhary > 2017-04-29 16:05 | Report Abuse

Interesting counter...

Posted by Albukhary > 2017-05-02 01:36 | Report Abuse

The disposal of SILK Highway has been officially completed. SILK has received the final payment of RM342 mil from PNB on 28 April 2017.

Posted by fundamentalplays > 2017-05-02 01:45 | Report Abuse

Agree with Albukhary, the cash alone amounted to RM380mil even higher than the company market cap. See another Puncak in making :)

Posted by TMMC > 2017-05-02 10:20 | Report Abuse

jatuh balik

Posted by Tan Cheng Poh > 2017-05-02 11:23 | Report Abuse

lousy counter,up 1 day down 1 week

Posted by bursahunter > 2017-05-02 11:48 | Report Abuse

ya... shit counter..drop even they sold their highway....

Posted by vic_amat87 > 2017-05-02 15:50 | Report Abuse

10 sen dividen to give for each share.. worth to buy!

Posted by TheRealTurboChart > 2017-05-09 12:20 | Report Abuse

slow nyer this counter... :(

Posted by alkursi > 2017-05-11 14:33 | Report Abuse

the moment company announce the special dividend, the price will jump 20%-30%..

Posted by thienthien > 2017-05-11 17:44 | Report Abuse

too long waiting

Posted by Peng1185 > 2017-05-11 17:59 | Report Abuse

Don't lock ur capital n not advisible to enter now

Posted by TMMC > 2017-05-14 19:48 | Report Abuse

donno when r they going to announce the dividend? or they r not planning to give any dividend ?

Posted by shahleong > 2017-05-17 10:37 | Report Abuse

today quite hot, it is coming ?

Posted by chewysoon82 > 2017-05-17 13:23 | Report Abuse

Ohh, dividend coming???

Posted by gelong > 2017-05-17 23:07 | Report Abuse

kikiki, contreck kaming

Posted by Josephine Ong > 2017-05-18 09:16 | Report Abuse

silk turning to gold soon

Posted by thienthien > 2017-05-18 11:33 | Report Abuse

Betul kah?

Posted by Justa Doll > 2017-05-18 16:56 | Report Abuse

nice start than u turn ..why?

Posted by shahleong > 2017-05-18 21:11 | Report Abuse

dividend reinvestment plan. good or bad (

Posted by sheep > 2017-05-18 22:09 | Report Abuse

Bad. 1. They are delaying dividend payment.- now need time to apply approval from bursa
2. With dividend reinvestment plan, they still to keep as much cash as possible - meaning might be having cash flow problem.. They try to keep the cash by luring you with sweets (cheaper shares. Not unusual ) - something like private placement.
Summary : suspect finance or tight cash flow. Sell.
wakaka

Posted by shahleong > 2017-05-18 22:42 | Report Abuse

share holder got option, still can opt for dividend

Posted by candygirl > 2017-05-18 23:34 | Report Abuse

One thing for sure they are delaying the special dividend payout .

Posted by micky92 > 2017-05-19 07:09 | Report Abuse

Why bad? It is an option for me to buy at discount price..

Posted by shahleong > 2017-05-19 07:46 | Report Abuse

usually it is good. Maybank has same scheme

Posted by sheep > 2017-05-19 09:18 | Report Abuse

take profit. qr most like red...deep red.

Posted by TheRealTurboChart > 2017-05-19 10:42 | Report Abuse

@sheep .. cash flow problem? are u serius? hows that possible, they sold the hway to settle their cash flow problem.. the DRP not a cash call, so i dont think its detrimental

Posted by shahleong > 2017-05-19 17:49 | Report Abuse

still hold at 50 cent. good news

Posted by lee9fold > 2017-05-19 18:57 | Report Abuse

this stock is well controlled by the operator
if the price stay above 0.48 still, uptrend move is still possible
conservative TP: 0.65

Posted by TheRealTurboChart > 2017-05-19 19:50 | Report Abuse

Even the advisor during makan2 at the egm said to one of the shareholders they made a right bet, easily 70 to 80 sen

Posted by TMMC > 2017-05-19 22:29 | Report Abuse

70 to 80 sen ?????

Posted by chewysoon82 > 2017-05-20 10:21 | Report Abuse

Yeah, if got 10 sen div then might gap up on opening.

Posted by Justa Doll > 2017-05-22 15:47 | Report Abuse

no action

Posted by Justa Doll > 2017-05-23 05:15 | Report Abuse

y pressed down?

Posted by micky92 > 2017-05-23 20:01 | Report Abuse

Bad quarter result...

Posted by sheep > 2017-05-23 20:57 | Report Abuse

told you so, bleeding and tight cash flow... might be worst next qr. sell and go away in may. wakaka

Posted by TheRealTurboChart > 2017-05-24 09:31 | Report Abuse

That was result as at 31 March 2017. Bear in mind that the disposal was completed in April..

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Posted by sheep > May 23, 2017 08:57 PM | Report Abuse

told you so, bleeding and tight cash flow... might be worst next qr. sell and go away in may. wakaka