BINA GOODYEAR BHD

KLSE (MYR): BGYEAR (7023)

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Last Price

0.07

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


2 people like this.

144 comment(s). Last comment by plasticdude89 2014-08-14 12:37

tjhldg

27,218 posts

Posted by tjhldg > 2014-01-10 00:58 | Report Abuse

vol pls

volks2

1,116 posts

Posted by volks2 > 2014-01-10 08:50 | Report Abuse

yes..more to come.

koyak71

752 posts

Posted by koyak71 > 2014-01-10 09:52 | Report Abuse

aiyo..sudah naik ka

volks2

1,116 posts

Posted by volks2 > 2014-01-10 09:57 | Report Abuse

0.28 now

koyak71

752 posts

Posted by koyak71 > 2014-01-10 10:08 | Report Abuse

aiyo...sudah masuk 0.27 sekalang .24..mampus !!!!!!!!!

koyak71

752 posts

Posted by koyak71 > 2014-01-10 10:20 | Report Abuse

sudah masuk trap daaa

volks2

1,116 posts

Posted by volks2 > 2014-01-10 10:23 | Report Abuse

apa sal takut, some of the ppl profit taking mah, it's very common but believe me, more to come.

koyak71

752 posts

Posted by koyak71 > 2014-01-10 10:28 | Report Abuse

ok volks,,thanks .. i will hold it la until .40

volks2

1,116 posts

Posted by volks2 > 2014-01-10 10:57 | Report Abuse

ok..let's make $ together, hope can get a big CNY angpow.

koyak71

752 posts

Posted by koyak71 > 2014-01-10 12:45 | Report Abuse

Yeah..

JENNY6088

611 posts

Posted by JENNY6088 > 2014-01-11 20:43 | Report Abuse

if 0.30 above , i will sell

koyak71

752 posts

Posted by koyak71 > 2014-01-11 21:57 | Report Abuse

Jenny, what price u buy in ?

iswara

896 posts

Posted by iswara > 2014-01-12 10:56 | Report Abuse

SEEMS YOU ARE NOT CONFIDENT

koyak71

752 posts

Posted by koyak71 > 2014-01-12 18:56 | Report Abuse

Last friday i also worried bgyear price fluctuate. I heard that bgyear already take over other construction company with project in hand. Thats why bgyear confident to uplift from pn17. So far bgyear already reach 30 cents last month..No problem to hit more than 40 cents.

volks2

1,116 posts

Posted by volks2 > 2014-01-13 14:39 | Report Abuse

yes...I think b4 CNY can go to 40 cents then we can get a Big ANgpow from bgyear.

koyak71

752 posts

Posted by koyak71 > 2014-01-13 15:08 | Report Abuse

resistance is 0.27 for further upwards..

JENNY6088

611 posts

Posted by JENNY6088 > 2014-01-13 16:55 | Report Abuse

kikiki , koyak71 , my cost less than 0.16

koyak71

752 posts

Posted by koyak71 > 2014-01-13 19:03 | Report Abuse

Wah..thats good. I buy in last time at 12 cent oledi sold at 24 cent. Last week I buy again at 27 cents now drop to 23 cent. Just wait rebound

Mohd Zaini

309 posts

Posted by Mohd Zaini > 2014-01-14 11:04 | Report Abuse

from 0.07 with love...but now my average cost is 0.105/share..

koyak71

752 posts

Posted by koyak71 > 2014-01-14 14:48 | Report Abuse

zaini..what yur TP for this counter ?

koyak71

752 posts

Posted by koyak71 > 2014-01-15 11:51 | Report Abuse

bgyear mati keras aje nih !!!!!!!!!

Mohd Zaini

309 posts

Posted by Mohd Zaini > 2014-01-15 16:58 | Report Abuse

not much...just 60 cent..coz..uplift from PN17 by end of this year and good potential for construction sector in 2014..hopefully they can get more project.

koyak71

752 posts

Posted by koyak71 > 2014-01-16 22:47 | Report Abuse

Today very disappointed in morning session, evening really do well last 1.5 hour..is it a sign to move upwards ? Resistance is at 0.265 cents still not reach yet.

E R

282 posts

Posted by E R > 2014-01-20 09:14 | Report Abuse

watch this stock.. hahaha..

E R

282 posts

Posted by E R > 2014-01-20 09:18 | Report Abuse

let's watch this stock.. 35sen resistance.. hahaha

E R

282 posts

Posted by E R > 2014-01-20 09:21 | Report Abuse

uplift from pn17.. hahaha

E R

282 posts

Posted by E R > 2014-01-20 09:48 | Report Abuse

watch closely this counter... hahaha

volks2

1,116 posts

Posted by volks2 > 2014-01-20 11:02 | Report Abuse

yes..watch closely, next week should be coming.

tjhldg

27,218 posts

Posted by tjhldg > 2014-01-20 14:26 | Report Abuse

potong stim !

tjhldg

27,218 posts

Posted by tjhldg > 2014-01-20 14:27 | Report Abuse

let sell above .30 ... huat aar

JENNY6088

611 posts

Posted by JENNY6088 > 2014-01-20 20:48 | Report Abuse

yea , sell above 30 cents

E R

282 posts

Posted by E R > 2014-01-21 09:24 | Report Abuse

again.. watch this counter closely.. hahaha

volks2

1,116 posts

Posted by volks2 > 2014-01-27 10:20 | Report Abuse

profit taking???

catl

104 posts

Posted by catl > 2014-03-02 14:58 | Report Abuse

@Mohd Zaini - what do you smell ? Can you elaborate? This counter has suddenly been lull with low volume. Hope it picks up

volks2

1,116 posts

Posted by volks2 > 2014-03-07 09:23 | Report Abuse

something is slowly brewing

Posted by Eric Chia Chin Hin > 2014-04-01 18:04 | Report Abuse

oic

Posted by Eric Chia Chin Hin > 2014-04-01 18:16 | Report Abuse

KUALA LUMPUR: Financially distressed Bina Goodyear Bhd is hopeful of returning to the black this year or by early 2015, once it receives Bursa Malaysia’s green light to carry out its revamp plan.

Having slipped into Practice Note (PN) 17 category in November 2012, the company is in the finalisation stage of its restructuring plan, which it intends to submit to Bursa by early February.

The construction and building contractor will need to report two consecutive quarters of profit before it is able to exit its PN17 status.

The restructuring plan includes its acquisition of Astinas Construction & Development Sdn Bhd’s (ACD) construction business for RM10mil, which would enable it to rebuild its construction business and immediately enhance its revenue and profits.

The acquisition furnishes it with a construction orderbook of RM250mil, predominantly for projects in Johor.

“The agreement has been signed, and we are now doing the due diligence,” managing director Moo Hean Chong told reporters after the company AGM.

Meanwhile, executive director Eng Kim Leng said the company would begin to bid for more projects once it was in good financial position and had recapitalised.

Shares in the company rose to as high as 18 sen yesterday, ending the day at 16.5 sen, with 412,800 shares being done.

Bina Goodyear has been involved in “fairly prestigious” projects, including the Palace of Justice in Putrajaya, Masjid Sultan Salahuddin in Shah Alam, and several buildings in KL Sentral and Mont’ Kiara.

“We are quite established and have a very good track record … there are so many projects out there, but very few parties are able to deliver them,” said Eng.

Its focus is currently predominantly on construction projects in the Klang Valley and Johor, via ACD. However, it does not rule out bidding for profitable projects in the future within the country.

Eng added that the orderbook of RM250mil would be able to last it for two years. “I think for public-listed companies of good standing, we’d normally go for a minimum of a few hundred million. Anything less than an orderbook of about RM300mil is too small,” he said.

Bina Goodyear will fund the acquisition of ACD via a rights issue and private placement, which is part of the restructuring plan.

It has proposed a rights issue of up to 254.4 million new shares on the basis of 50 rights shares for every Bina Goodyear share held.

It will also undertake a private placement of 50 million shares to investors who have yet to be identified, at an issue price of 10 sen per share.

Additionally, it is acquiring 28% of property developer Ontime Privilege Sdn Bhd for RM9.63mil via the issuance of 96.3 million new Bina Goodyear shares.

Although this provides the company with the opportunity to venture into property development, Moo said the focus would remain on construction.

The restructuring plan also entails a capital restructuring exercise, offer for subscription, and scheme of arrangement.

According to its previous filing with Bursa, Bina Goodyear aims to raise RM35.27mil from the rights issue and private placement, which will be primarily used as working capital, and the scheme of arrangement, acquisition of construction projects, and expenses relating to the restructuring scheme.

PN17player

633 posts

Posted by PN17player > 2014-04-22 15:52 | Report Abuse

pending regulation plan with deadline in May

eu7985

1,086 posts

Posted by eu7985 > 2014-05-15 21:56 | Report Abuse

Another hexagon, will be suspended soon

wren

157 posts

Posted by wren > 2014-05-29 17:50 | Report Abuse

dead...

kimssiat

1,088 posts

Posted by kimssiat > 2014-08-06 23:47 | Report Abuse

0.05 cent today.

cariayam

266 posts

Posted by cariayam > 2014-08-07 00:01 | Report Abuse

betoi2 koyakkkkkkkkkkk

kimssiat

1,088 posts

Posted by kimssiat > 2014-08-08 17:03 | Report Abuse

0.06

Posted by plasticdude89 > 2014-08-14 12:37 | Report Abuse

gone case? sigh..

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