@JonVest...this time abit differnt got 1 big tanker...so lets see... inside the PP document, cypark already say want increase Bumi state so that can strengthen cypark as bumi company....so now im thinking...is Chung got some hidden agenda against cypark?
This company had in last year Dec completed a 20% private placement and raise RM97m for development and repayment of bank loan. This year again propose to undertake 30% private placement to raise RM73m. Placement shares enlarged share capital, destroy and dilute earning per share thus causing the share price to fall seriously.
objective of PP: - to bring down chung's effective ownership . to block outcomer to become director/influence the decision making. - even the share price is low, but still hav to PP due to cash flow kosong. - let the new shareholder come on board, let wait see who is the subscriber.
For the price to go to 60sen CYPARK need to finish and commercialize at least the WTE projects but so far NO GOOD NEWS coming out from this project slated to complete by NOVEMBER 2022
dun be dream , the mgm had not only 1 time promise the COD date, and failed to deliver. plz vote against the PP at this EGM 15/9/22 to give some pressure to the mgm.
RE EGM for 30% PP. Personally, I think 30% is a bit higher. Cypark Management should focus on and deliver all the CODs as committed previously. After COD, strongly believe that the share price will UP. Hence, Cypark just needs 20% or less PP. Otherwise, this is just not fair to current shareholders. Just IMO. :)
Agreed that 30% PP especially at the current very depressed stock price will do no justice to both the company and its shareholders especially those that have been keeping the stock since a long time ago. Right issue would certainly fair to all.
Cypark Resources Bhd said its indirect subsidiaries have been awarded feed-in approval certificates from the government to carry out biogas projects with a total capacity of 2.7 MW in Johor and Terengganu.
The first biogas project comprises a 1.2 MW installed capacity biogas plant in Layang-Layang, Johor, which was awarded to Cypark's 51% indirectly owned Reviva BACRE (Ulu Remis) Sdn Bhd.
The second is a 1.5 MW plant in Kemaman, Terengganu awarded to BACRE Reviva Biogas (Kemaman) Sdn Bhd, which is 80%-owned by BACRE Reviva Biogas Holdings Sdn Bhd, which in turn is an indirect 51% subsidiary of Cypark.
Cypark recently announced the postponement of the operational date for two renewable energy projects. Its 100 MW floating solar plant in Pasir Mas, Kelantan is now scheduled to begin operations in May 2023, after three postponements from its initial deadline of December 2021.the operational date for its 20 MW solid waste modular advance recovery and treatment waste-to-energy plant in Ladang Tanah Merah, Negeri Sembilan has been deferred until November, from September previously. It is unclear if the project has achieved commercial start-up.
Cypark Secures Biogas Projects Totalling 2.7 MW Capacity From Seda
edgeinvest Publish date: Fri, 09 Dec 2022, 08:39 AM KUALA LUMPUR (Dec 8): Cypark Resources Bhd said its indirect subsidiaries have been awarded feed-in approval certificates from the government to carry out biogas projects with a total capacity of 2.7 MW in Johor and Terengganu.
The feed-in approval certificates were awarded by Sustainable Energy Development Authority (Seda) for a period of 21 years, Cypark said. Tenaga Nasional Bhd will purchase electricity from the project companies at pre-agreed feed-in tariff rates, it added.
The first biogas project comprises a 1.2 MW installed capacity biogas plant in Layang-Layang, Johor, which was awarded to Cypark's 51% indirectly owned Reviva BACRE (Ulu Remis) Sdn Bhd.
The second is a 1.5 MW plant in Kemaman, Terengganu awarded to BACRE Reviva Biogas (Kemaman) Sdn Bhd, which is 80%-owned by BACRE Reviva Biogas Holdings Sdn Bhd, which in turn is an indirect 51% subsidiary of Cypark.
Cypark recently announced the postponement of the operational date for two renewable energy projects.
Its 100 MW floating solar plant in Pasir Mas, Kelantan is now scheduled to begin operations in May 2023, after three postponements from its initial deadline of December 2021.
Meanwhile, the operational date for its 20 MW solid waste modular advance recovery and treatment waste-to-energy plant in Ladang Tanah Merah, Negeri Sembilan has been deferred until November, from September previously. It is unclear if the project has achieved commercial start-up.
Cypark shares slipped one sen or 2.56% to close at 38 sen on Thursday, giving the group a market capitalisation of RM223.75 million.
masih untung,,,, bank mesti sanggup menmbiayai projeknya
5184 CYPARK CYPARK RESOURCES BERHAD Quarterly rpt on consolidated results for the financial period ended 31/07/2022 Quarter: 3rd Quarter Financial Year End: 31/10/2022 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/07/2022 31/07/2021 31/07/2022 31/07/2021 RM '000 RM '000 RM '000 RM '000 1 Revenue 45,488 65,922 198,502 228,370 2 Profit/Loss Before Tax 16,117 21,874 52,723 65,431 3 Profit/(loss) attributable to ordinary equity holders of the parent 11,802 16,677 42,134 49,692 4 Net Profit/Loss For The Period 13,003 16,655 43,050 49,570 5 Basic Earnings/Loss Per Shares (sen) 1.39 2.77 5.41 8.49 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 2.1300 2.0900 Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Summary from 16/11/2010 to 14/10/2022 Highest Price 2.9400 First Occurred on 31/03/2011 Lowest Price 0.3500 First Occurred on 26/07/2022 Highest Volume 15.128m First Occurred on 26/07/2022
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....
Abba84
987 posts
Posted by Abba84 > 2022-11-11 08:45 | Report Abuse
Pp fixed at .41 t secure $74mill.!
Cnt.achive target as price .36 until pushed t .41