Hi Holyman, sometimes these small defaults are only a decoy to encourage retailers to throw cheap. Let's wait for some big announcements. With a freehold landbank of 501 acres in Semenyih at a prime location, nothing to worry.
the rm75m is already in the book. Hence no impact on the NTA. The company itself won't be able to develop the land without JV partner. For a developer company, rm75m is nothing to worry about.
Today is not 2009 but 2019. Buying land doesn't guarantee you anything. You must know what are you buying. They don't know about property development, plantation and quarry business. Just simply buy. My grandson's maid also can make this kind of decision. Cash flow guarantee Holland. :)))
The Board of Directors of the Company had approved the change of financial year end of the Company from 31 December to 30 June. The next audited financial statements of the Company shall be for a period of 18 months, from 1 January 2018 to 30 June 2019. Thereafter, the financial year end of the Company shall end on 30 June for each subsequent year.The rationale for change in financial year end is to avoid the peak congestion financial reporting period in December.
Can the Board of Directors of the Company unilaterally approved the above without obtaining the majority shareholders' approval vide an EGM?
Looks like TWL has thrown in the towel, he sold 28.4 million on 29/4 , only 6.75% left. He probably have sold all the last few days. Wonder who will be the new white knight, somebody of substance and capable?
Now that we know TWL had sold off most of his shares during the past few days. The question is who had purchased what TWL had sold. Big players or the sum of all ikan bilis?
Popcorn shut buss until fasting month over... hope the drama from Dato Tan end today... Now waiting new white knight... Hmmm actually i don't really care about the colour as long minority can get something from this stock
I think most shareholders are not happy with the present board of directors' past and present issues/actions i.e. margin call related forced selling, private placements at ridiculous prices, change of financial year end, declaration of the company going under PN17 and etc.
They are seeking to remove existing directors Rasila Hamzah, Norhanum Nordin, Halim Ismail, Mohd Fazillah Kamaruddin, Datulk Mansor Masikon, Datuk Seri Azizan Ahmad, Zulkarnin Ariffin and Datuk Seri Abdul Mohd Zabidi.
The existing BOD is hopeless. I bought the tickets and go to vote for Ubah on 29 May. Stop the existing BOD who are trying to collapse the company. I am ready to UBAH. How about u?
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3089 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Aurora Borealis
51 posts
Posted by Aurora Borealis > 2019-05-03 11:05 | Report Abuse
Don't play to long... this cheap stock got a lot of cheap stories. Suitable for drama not for box office movie