Posted by xox9989 > 2020-01-15 22:45 | Report Abuse

Dsonic share price break new high due to M&G director Datuk Razali become substantial shareholder. Will M&G stock also goreng up ?

Posted by Albukhary > 2020-01-16 15:03 | Report Abuse

M&G volume so low, if really goreng, 2 day can reach RM0.20

Posted by Albukhary > 2020-01-16 18:52 | Report Abuse

I like stock where turn from loss to profit.

Once the Debt Restructuring Scheme completed, sure this counter will fly.

TP: 20 sen

Posted by Albukhary > 2020-01-17 14:52 | Report Abuse

Perdana, Alam, Hubline, M&G come

Posted by Albukhary > 2020-01-18 15:19 | Report Abuse

Old News....

KUALA LUMPUR (Oct 2): Marine & General Bhd (M&G) has bagged a contract by Petronas Carigali Sdn Bhd for the provision of a unit of anchor handling tug and supply vessel for the petroleum arrangement contractors (PACs) production operations.

M&G said the contract, received by Jasa Merin (Malaysia) Sdn Bhd, commenced on Sept 16 and has a duration of 709 days, with an option to extend the contract for a one-plus-one-year term.

“The contract and option, estimated to have a value of approximately RM17 million for the primary term, is expected to contribute positively to the earnings of M&G for the financial period ending April 30, 2020 and beyond,” it said in a filing with Bursa Malaysia.

Posted by Albukhary > 2020-01-18 15:20 | Report Abuse

Old News...

KUALA LUMPUR: MARINE & GENERAL BHD shareholders approved its proposed debt restructuring, recapitalisation and funding of its main operating subsidiary, Jasa Merin (Malaysia) Sdn Bhd (JMM) and its affected subsidiaries.

In a statement issued after the EGM on Tuesday, the company said the shareholders approved the proposed issuance of 1.5 billion new ordinary shares in M&G at the issue price of 10 sen per share amounting to RM150mil.

This was upon the surrender of 150 million irredeemable preference shares of RM1 each in JMM.

The company also received the go-ahead to subscribe up to 150 million new cumulative non-convertible redeemable preference shares (CN-RPS) in JMM for RM150mil.


To recap, JMM and its subsidiaries had on Nov 27 this year entered into agreements to restructure their outstanding facilities to their banks totaling RM923.2mil.

The restructuring entailed an up-front cash payment of RM50mil to the banks; settlement of part of the outstanding debt amounting to RM150mil via the proposed issuance of JMM irredeemable preference shares; and granting to JMM and its affected subsidiaries additional time to settle the balance outstanding debt of RM723.2mil via a term financing.

Upon completion of the up-front cash payment to the banks and the proposed issuance of JMM irredeemable preference shares, RM200mil of the JMM Group’s outstanding debt shall be fully and irrevocably settled.

Marine & General said the RM723.20mil term financing would be settled in accordance with the terms and conditions agreed upon.

“Upon the issuance of the JMM irredeemable preference shares, the indebtedness of the JMM Group is reduced by RM150mil. This will result in interest savings of approximately RM7.65mil per annum based on the effective interest rate of the term financing of 5.1% per annum.

Furthermore, the exchange of the JMM irredeemable preference shares into new Marine & General shares will allow the group to preserve its cash position, as part of the debt owed by the JMM Group are to be settled via the exchange of new Marine & General shares and not cash.

Upon the completion of the proposals and full exchange of the JMM irredeemable preference shares, Marine & General's gearing level would be reduced from the current level of 10.9 times (based on audited figures as at April 30,2019) to 3.08 times.

Its executive chairman, Datuk Mohd Azlan Hashim said the company was pleased with the outcome of the EGM.

“It was a good turnout and the company got a good opportunity to explain the need to undertake the proposals presented for consideration. The company is pleased with the positive response from shareholders to the briefing provided, ” he said.


TAGS / KEYWORDS:

Posted by Albukhary > 2020-01-19 14:48 | Report Abuse

PETALING JAYA: Datuk Razali Mohd Yusof, who emerged as a key shareholder in Datasonic Group Bhd last month, has upped his stake in the technology firm.

Razali’s vehicle, Demi Mekar Sdn Bhd now has a 6.45% stake in the group after acquiring an earlier 3.9% stake on Dec 18,2019.

Datasonic, in a filing to the stock exchange, stated that Demi Mekar had acquired 87,162,000 shares on Jan 2,2020.

Razali, who was recently appointed as Datasonic’s deputy president, also sits on the board of MARINE & GENERAL BHD, which is mainly involved in marine logistics in the upstream and downstream segments.

With over 25 years of experience in the mining and oil and gas industry, Razali has held many roles ranging from developing businesses, managing critical projects, organisational development and providing advisory and consultancy services.

It has been speculated that there could be a revamp in the group’s top management following the recent changes in its shareholding.

The group’s long-serving managing director Datuk Abu Hanifah Noordin is expected to step down.

A StarBizweek report, citing sources, said Razali or persons related to him will take over as the group’s new managing director.

“Razali and his related parties are increasing their stake in the company to get a better control, ” the source was quoted as saying.

On Dec 18, Abu Hanifah sold about 186.41 million shares or 48% of his total share units in Datasonic via direct business transactions.

Despite the disposal, Abu Hanifah is the single largest shareholder with 202.67 million shares in Datasonic.

This represented a direct and indirect shareholding of 10.17% and 4.84% respectively.

Posted by Albukhary > 2020-01-19 14:49 | Report Abuse

Datuk Razali seem like a very geng businessman, if he can take control of Datasonic, then he sure will turnaround M&G

Posted by thesteward > 2020-01-19 23:06 | Report Abuse

Agree with you Albukhary

Posted by Albukhary > 2020-01-20 10:42 | Report Abuse

TP is 15sen before CNY

Posted by Albukhary > 2020-01-22 00:54 | Report Abuse

The Board of Directors of Marine & General Bhd (“M&G”) is pleased to announce that its subsidiary, Jasa Merin (Malaysia) Sdn Bhd (“JMM”), received a work order award for the Provision of One (1) Unit of Anchor Handling Tug and Supply Vessel (“Contract”) for PETRONAS Carigali Sdn Bhd on 27 December 2019. JMM received the approval to release the announcement regarding the award on 21 January 2020.

Posted by Albukhary > 2020-01-22 01:19 | Report Abuse

New contract secured from PETRONAS. Once again M&G proof its capability.

Posted by Albukhary > 2020-01-22 08:57 | Report Abuse

First contract awarded in year 2020

Posted by RMSB > 2020-01-22 18:55 | Report Abuse

Another dead wood

Posted by Albukhary > 2020-01-22 18:56 | Report Abuse

Don't worry, M&G ship utilization is higher this quarter. Revenue sure will be higher.

Posted by maelxpdc > 2020-01-23 10:31 | Report Abuse

@rmsb kindly justify your statement .i see otherwise

Posted by RMSB > 2020-01-26 10:36 | Report Abuse

Good luck and I like your optimism maelxpdc.

Posted by seng0326 > 2020-02-04 09:56 | Report Abuse

This counter like dying... No trade at all

Posted by OMR@obm_4558 > 2020-02-04 22:01 | Report Abuse

Mati syusah .... hidup pun syusah looo.....

Posted by seng0326 > 2020-02-20 21:52 | Report Abuse

when is the quarter report out for this company?Anyone know

Posted by seng0326 > 2020-03-01 22:19 | Report Abuse

Is this politic related counter? Suddenly link to PM

Posted by seng0326 > 2020-03-02 11:59 | Report Abuse

Go go go m&g..

Posted by seng0326 > 2020-03-03 11:41 | Report Abuse

Back to dead water again.. Low volume

Posted by seng0326 > 2020-03-04 08:24 | Report Abuse

https://www.klsescreener.com/v2/news/view/646090
Stillbgood company awaiting to breakthrough

Posted by OMR@obm_4558 > 2020-03-20 14:47 | Report Abuse

Org naik kita turun _ org turun kita lagi turun.....

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-04-06 19:43 | Report Abuse

Buy & keep m&g target 0.075 cents.

Posted by LMN9997 > 2020-04-09 15:28 | Report Abuse

bila baru mau bangun. semua sudah bangun.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-04-14 15:55 | Report Abuse

buy buy buy 0.055 cents will come soon .

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-04-18 14:50 | Report Abuse

Buy now at 0.055 cents if people buy 0.06 cents you need to chase 0.065 cents. Dont wait people chase. you can see easy to shot up 0.10 cents in a few second, if volume come..

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-04-18 14:50 | Report Abuse

Buy now at 0.055 cents if people buy 0.06 cents you need to chase 0.065 cents. Dont wait people chase. you can see easy to shot up 0.10 cents in a few second, if volume come..

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-04-18 14:54 | Report Abuse

This is a rocket stock. you can see low volume sell Q at 0.06 cents to 0.08 cents..

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-04-24 14:32 | Report Abuse

people come eats 0.06 cents soon will fly.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-04-30 12:52 | Report Abuse

M&g coming eats 0.065 cents Tip 0.085 cents

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-05-07 20:22 | Report Abuse

hope next weeks will reach 0.075 cents

Posted by Karlos > 2020-05-18 16:17 | Report Abuse

This seems to be the only O&G player that is very quite today. The rest attract a lot of attention.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-05-18 21:54 | Report Abuse

My buy call 0.055 cents now today shoot up 0.07 cents many of you are now laughing to the bank but tomorrow more to come Target can easy reach 0.10 cents

Posted by Albukhary > 2020-05-21 00:03 | Report Abuse

This will be the next ICON, once the debt restructure completed, M&G share price will be above 10sen.. My personal target is 15sen, if the O&G trend is coming.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-06-11 05:53 | Report Abuse

will up up like AncomLb

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-06-11 06:07 | Report Abuse

buy call 0.07 cents will up soon before it is too late to chase.

Posted by Albukhary > 2020-06-19 15:24 | Report Abuse

Looking closely this company, will be booming soon.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-06-21 14:51 | Report Abuse

Don't look down M&G, M&G have reach 0.83 cents in Dec 2014 before. Lets us target frist 0.07 to cents to 0.14 cents.

Posted by seng0326 > 2020-07-03 23:48 | Report Abuse

Haha, very quiet discussion

Posted by Albukhary > 2020-07-03 23:56 | Report Abuse

Marine & General is a very good stock.
Jasa Merin is top player

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-07-04 00:03 | Report Abuse

now cannot buy 0.07 cents anymore, it is very solid I see many people buying 0.075 cents, soon 0.075 will sold out and next will play 0.08 cents soon. just hold on of this stock , sure will fly soon.

Posted by Albukhary > 2020-07-09 18:28 | Report Abuse

This is a real GEM.

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-07-10 21:21 | Report Abuse

No more people throw 0.075 cents, Now play 0.08 cents, this GEM sure will fly.

Posted by manmin > 2020-07-19 11:04 | Report Abuse

Fly up or down

Posted by Albukhary > 2020-07-23 11:19 | Report Abuse

result coming soon..

Posted by manmin > 2020-07-23 15:22 | Report Abuse

M

Posted by manmin > 2020-07-23 15:25 | Report Abuse

What happens