Posted by Angel of KLSE 大马股仙 > 2018-04-13 19:35 | Report Abuse

oh no, you mean pump and dump?

Posted by EasyInvest123 > 2018-04-13 20:33 | Report Abuse

In relation to the above, the Board has agreed to classify certain non-current
assets totalling RM222.14 million to assets held for sale under the current
assets effective from February 2018. The classification will temporary address
the net current liabilities issue pending the disposal of the assets. Once the
disposal is successful, it will resolve the material uncertainty related to going
concern.

Posted by jacksonneoh123 > 2018-04-13 20:36 | Report Abuse

bad news but up is good news ,good news bit down is bad news

Posted by EasyInvest123 > 2018-04-13 20:37 | Report Abuse

Last paragraph today announcement. 222million asset for sales which higher than market cap now 153million...if after sell asset will become net cash company which may reward shareholders with dividend

Posted by jacksonneoh123 > 2018-04-13 21:55 | Report Abuse

62 cent is target

Posted by sitia > 2018-04-13 22:02 | Report Abuse

taitaumau, this news already out and the Auditors proceedings already give their findings from the audits done.

In fact, YKGI issue is they can't contained the increasing price of the raw materials which took huge part of their company profits.
This is concern.

Good news is their inventories balance of 98 and 63 mil are still in the warehouse and it's good they could sell it off when market price for raw material improves.

What are they looking ahead for now.
dispose their none current assets which means assets that will be intangible and need to hold for a certain period.

They are doing/ have done:-
The Company had on 19thMarch 2018 announced that it has entered into
Mutual Confidentiality Agreements with
two (2) parties namely CSC Steel Holdings Berhad and NS BlueScope
Malaysia Sdn Bhd
(“NSBM”)with a view of disposing certain assets (“Proposed
Transaction”). Currently, NSBMis conducting a due diligence on the Proposed
Transaction; and (iii)In relation to the above, the Board has agreed to classify certain non-current assetstotalling RM222.14million to
assets held for sale under the current assetseffective from February 2018. The classification will temporary address the net current liabilities issue pending the disposal of the assets.

KEY-POINT:-
Once the disposal is successful, it will resolve the material uncertainty related to going concern.

Posted by sitia > 2018-04-13 22:04 | Report Abuse

Every companies have their challenges. They're taking actions by disposing their assets to offset their net liabilities. This way, they will have surplus from the assets.

Posted by Hoe Weng > 2018-04-14 00:24 | Report Abuse

is this a good news or a bad news?
sitia and easyinvest123, can u guys explain more regarding on this announcement, just to clarify and give a clear image to the public and investors like me, thanks.

Posted by jacksonneoh123 > 2018-04-14 01:48 | Report Abuse

bad or good not important now we just wish have power push up

Posted by sitia > 2018-04-14 16:53 | Report Abuse

Hoe Weng, if you look back YKGI last year from Feb until Dec, 2017 chart pattern , what do you learn? It was the beginning pain of the company. With escalates price of raw materials , the company is losing businesses hence losing their business profits even with businesses coming in. Their main problem is their business cannot control the raw materials pricing.

Secondly, why the price this year can rose from 16 cents to 43 cents as of yesterday???

I see the news of yesterday was indeed a good news. Once they dispose of their irrelevant businesses and non current assets, they will be free from in debt ness. This provide them a capital to venture into other businesses. YKGI, have been established since 1990s. So to say, there will be good revenues for them.

YKGI is just one of many companies who suffered the fate of keeping up with the fast moving industry pace. Nothing to brag again their losses.

Just relax. This company TA is showing you why the shares are bought higher price. I believed big giants like CSCSTEEL acquiring YKGI CAN GO THROUGH.

I GIVE BUY.

Posted by EasyInvest123 > 2018-04-14 18:54 | Report Abuse

I agree YKGI disposal off asset else it produce losses which eat into shareholders fund. By disposal asset will be solve cash flow issue and revealed intrinsic value of company

Posted by EasyInvest123 > 2018-04-14 18:57 | Report Abuse

As u can see YKGI price been trending up recently. Will achieve NTA price 50sen easily

Posted by EasyInvest123 > 2018-04-14 19:01 | Report Abuse

Summary of yesterday news is good to buy YKGI

Posted by sitia > 2018-04-14 19:30 | Report Abuse

it could also mean, short selling will takes place!

Posted by jacksonneoh123 > 2018-04-15 12:14 | Report Abuse

50 cent

Posted by Hoe Weng > 2018-04-15 17:09 | Report Abuse

IDSS trades 280 doesnt have YKGI, in other words, this counter is not allowed to short selling...

Posted by sitia > 2018-04-15 22:18 | Report Abuse

Hoe Weng, if that is the case, good.

Posted by abcde12345 > 2018-04-16 13:25 | Report Abuse

thank god

Posted by Jessie Ng > 2018-04-16 13:34 | Report Abuse

hahahah

Posted by StrattonOakmont > 2018-04-17 10:00 | Report Abuse

push push push... pump pump pump...

Posted by jacksonneoh123 > 2018-04-17 11:36 | Report Abuse

no enough power go up

Posted by StrattonOakmont > 2018-04-17 14:48 | Report Abuse

lari marathon ni... kena ada stamina sikit...

Posted by DanyLy > 2018-04-17 16:57 | Report Abuse

Close green is fine

Posted by oko7002 > 2018-04-19 22:45 | Report Abuse

Tomorrow come on to 55 cents.....
Go.. Go...

Posted by jacksonneoh123 > 2018-04-20 12:05 | Report Abuse

no power cut lose will setting

Posted by Jessie Ng > 2018-04-20 15:48 | Report Abuse

thank

Posted by StrattonOakmont > 2018-04-20 17:21 | Report Abuse

tadah....

Posted by jordanmaggie61 > 2018-04-20 17:46 | Report Abuse

爱你

Posted by DanyLy > 2018-04-21 01:26 | Report Abuse

Dj -200

Posted by matg > 2018-04-23 09:19 |

Post removed.Why?

Posted by reishiro > 2018-04-23 09:23 | Report Abuse

drop so much
what happened?

Posted by makalingkong > 2018-04-23 09:30 | Report Abuse

what happened?

Posted by smartag > 2018-04-23 09:39 | Report Abuse

Deal abort?

Posted by trader1888 > 2018-04-23 09:48 | Report Abuse

biadap CFO.. ko untung, retailer rugi.. lucky I have no position

Posted by ZeroCityHunter > 2018-04-23 10:43 | Report Abuse

no true love here, sell

Posted by jacksonneoh123 > 2018-04-23 11:19 | Report Abuse

洗盘震股

Posted by jacksonneoh123 > 2018-04-23 12:53 | Report Abuse

cut lose 27

Posted by jumbojet > 2018-04-23 13:09 | Report Abuse

Alamak drop so much , I think afternoon session will drag further down.

Posted by jumbojet > 2018-04-23 13:10 | Report Abuse

directors disposed 25,000 at .41 cts earlier n now trading at .29.

Posted by akram > 2018-04-23 14:49 | Report Abuse

bankcrupt

Posted by jumbojet > 2018-04-23 14:55 | Report Abuse

lowest till now is .27 cents

Posted by jumbojet > 2018-04-23 14:57 | Report Abuse

sorry its .275

Posted by akram > 2018-04-23 15:04 | Report Abuse

anyone know the reason for the price drop

Posted by oko7002 > 2018-04-23 15:10 | Report Abuse

Y d CFO disposed d shares at lower price. Scare cannot trade out?

Posted by oko7002 > 2018-04-23 15:13 | Report Abuse

Make d market kelam kabut...

Posted by oko7002 > 2018-04-23 15:15 | Report Abuse

Any comments from sitia?

Posted by DanyLy > 2018-04-23 15:25 | Report Abuse

Wait 25sen

Posted by jumbojet > 2018-04-23 15:28 | Report Abuse

now they are pushing up to .29

Posted by jumbojet > 2018-04-23 15:29 | Report Abuse

they park a lot of buyer at .28 making the ppl think the counter will go up.

Posted by jumbojet > 2018-04-23 15:33 | Report Abuse

just imaging their directors disposed at .41 cts @ 25,000 lots n now buy back at .28.how much they make.