No worries TillyLovers, the previous directors Mr Lee and Dato Liang are off board now, whereas the new directors are Mr Woon and Mr Khoo, both from Dynaciate Engineering Sdn Bhd.
I know the new director as I have helped them to secure the job before.. but the environment is tough at the moment. Will stay low for now until new projects coming in.
An excellent company, Dynaciate Engineering Sdn Bhd has 17 years experience in Construction and Engineering works since 2002. This new tai Ko will bring the stock to new high.
Bandar Malaysia Project is on. From Sg Besi KL to JB and into Singapore, the soon HSR will be on too. Dynacia main business is around that region. Hopefully, this company will benefit from spillover effects.
GREAT NEWS GUYS, JUST FOR SHARING AND NO OFFEND, TODAY ARBB 7181 AND AGESON 7145 ALSO SUDDEN SHOOT UP PRICE, INVEST NOW CAUSE ARBB BIG PROJECT GONNA ANNOUNCE WITHIN 10 DAYS! CHEERS GUYS
be careful. the high volume is due to the current shareholders disposing their shares as per the agreement with Tatt Giap owner.. until the old guards are out, no new business will be coming.
Insider news :YES CONFIRM- ECRL (mentakab to Maran) will drop in to Ageson7145 new subsidiari, it a joint venture company. clean all the shares now before its too late guys! cheers
The board has done a good job by develeraging the debt. From a high RM40mil++ of debt post takeover, now they have reduced to RM13mil and would be reduced further by RM8mil, to a manageable RM5mil, having obtained the approval for disposal of their warehouse in Penang.
Believe that the RM8mil loan from Public Bank, charged to the warehouse might be hurdle for them to secure construction jobs. Contracts, especially big ones, require financial commitment, through Bank Guarantee, Performance Bond to execute. Hence, they have to resort to encashment of ICPS through conversion to ordinary shares and private placement. However at the current share price, private placement might not be the best option.
Dynaciate's subsidiary (DSPI) lack of track record in construction, might also explain on the dearth of incoming contract, but having secured few contracts through RRPTs and 2 contracts on their own, might open up their chances of getting construction jobs in FY2020. They may do JV with their major shareholder, DESB to bid for projects or going through the M&A route. Having obtained the approval for continuation of RRPTs, they might secure projects from their controlling shareholder, DESB as soon as they received the disposal proceed. In the circular prior to EGM, DESB indicated RM200mil worth of job, which only RM62mil+ realized until now. That is a lot of potential.
At 7 cent, it is worth a look for the potential of turnaround from the past trading business losses. Some may not be comfortable with market dealer manipulating this company share price, but when fundamentals prevails, the price might move upwards. Until it secure new contract, price may be languishing at current level.
My past experience with IRCB (now become Comfort Glove), is that you need to be patient. It may take 3 years or more, but when you have bought at RM0.30 and dispose all at RM1.20, it is worth for the waiting.
0.07 is a cheap for Credit Suisse to acquire to become major shareholder and rumours that new directors will be appointed soon to take control of Dynacia...
stupid stock...i will not touch this stock unless is 0.005 waste of time waiting for him to grow Go bank put FD better, can earn more and faster than this lousy stock useless director
Huge chunk of receivables are from their current major shareholder, Dynaciate Engineering (DESB), and i guess it is back to back with payment from DESB clients. So it is pretty safe.
On behalf of the Board of Directors of DGB (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that Dynaciate SPI Sdn. Bhd. (“DSPI” or the “Purchaser”), a wholly-owned subsidiary of DGB, had on 12 February 2020, entered into conditional sale and purchase agreements (collectively known as the “SPAs” and each of them, a “SPA”) with the following parties:-
i) Dynaciate Engineering Sdn. Bhd. (“DESB”)
a) to acquire a piece of leasehold industrial land located in Johor Bahru, State of Johor together with a factory erected thereon (“Johor Premises”) for a cash consideration of RM16,000,000 (“Proposed Johor Premises Acquisition”); and
b) to acquire machineries and equipment for a cash consideration of RM1,786,431 (“Proposed M&E Acquisition”);
ii) Dynaciate (Kuantan) Sdn. Bhd. (“DKSB”)
a) to acquire a piece of leasehold industrial land located in Kuantan, State of Pahang together with a factory erected thereon (“Pahang Premises”) for a cash consideration of RM9,000,000 (“Proposed Pahang Premises Acquisition”).
The only concern right now is their depleting order book. It is good to raise the question in AGM about directors effort to secure direct contract rather than relying on RPTs.
For the injection of asset i.e factories and machineries/equipments, they only need to redeem RM12.5Mil, with the balance RM14Mil can be set off against receivables.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TillyLovers
536 posts
Posted by TillyLovers > 2019-12-13 18:02 | Report Abuse
Just saw insider news, the directors started disposing shares at RM0.075. Do they give an opportunity to the market investing in the company?