study the graph and trend, you should know what is the fair value of this stock ... its time to be in the sideline.
Not necessarily got huge land banks, the price would follow in parallel.. not easy to sell big assets. not many buyers, make take years to execute, etc..
Will76, it is just for u... it is so dumb and silly for someone who is not interested but keep commenting here too.... u wanna buy 15 sen then come back after u buy at 15 sen la... talk so much....
Aminvest giving discount from its valuation of 36cents, hongleong giving valuation of 33cents, hwangaffin giving 31cents valuation (all these not target price, is fair valuation price), so by right the actual fair price is around 0.33 to 0.36
But the big shark still collecting the super cheap shares around 0.18 to 0.19
But before Armada being awarded the court winning for Woodside claim soon, 20cents gap up, that time will worth for 0 50+++
Check balance sheet carefully. The company yet to own the land if can't pay the purchase amount to former owner . Therefore is so stupid to control the company with amount owing to former owner at least RM80mil or more
We refer to the announcements dated 16 January 2019, 22 January 2019, 4 February 2019, 18 March 2019, 1 April 2019 and 10 April 2019 in relation to the Proposals ("Announcements"). Unless stated otherwise, abbreviations and definitions used throughout this announcement shall be the same as those in the Announcements.
On behalf of the Board, IPS wishes to announce that certain conditions of the Settlement Agreements have yet to be fulfilled by the extended Cut-Off Date, being 6 May 2019. After several negotiations, Seacera was not able to obtain written agreements from all 28 Settlement Creditors to further extend the Cut-Off Date in relation to the Settlement Agreements. As such, considering that the Cut-Off Date has lapsed, Seacera has decided not to proceed with the Proposed Capitalisation.
As the Proposed Private Placement is conditional upon the Proposed Capitalisation, Seacera will also not proceed with the Proposed Private Placement.
resigned director also subject to legal issue if things happen during their directorship. I think they resign because they don't want to involve on the corporate fighting anymore. or be humiliate in EGM. EGM seems real.
Obviously the two resigned directors know that what the company is doing is against the best interest of its major shareholder. BoDs have a implicit fiduciary duty to shareholders and not for their own personal agenda.
Reference is made to the Company's announcement dated 21 May 2019 and 24 May 2019, in respect of the Originating Summons ("OS 268") filed by the Company against Dato’ Tan Wei Lian, Datin Sek Chian Nee, Jeannie Ooi Chin Nee, Dato’ Chan Chee Hong, Low Swee Foong, Liu Zhen and Ong Eng Teik (“DTWL & 6 Others”) in respect of the Notice of Extraordinary General Meeting ("EGM") and Notice of Intention both dated 30 April 2019.
The Company wishes to inform that the originating summons and the Company's application for injunction were heard this morning (27 May 2019 at 9.00 am) before YA Tuan Ong Chee Kwan. The Court had reserved its decision to 28 May 2019 at 2.30pm.
Change in Boardroom - PUAN RASILA BINTI HAMZAH Change in Boardroom - PUAN NORHANUM BINTI NORDIN Change in Audit Committee - DATO’ SERI ABDUL AZIM BIN MOHD ZABIDI Change in Nomination Committee - DATO SRI AZIZAN BIN AHMAD
Reference is made to the Company's announcement dated 27 May 2019 in respect of the Originating Summons ("OS 268") filed by the Company against Dato’ Tan Wei Lian, Datin Sek Chian Nee, Jeannie Ooi Chin Nee, Dato’ Chan Chee Hong, Low Swee Foong, Liu Zhen and Ong Eng Teik (“DTWL
EGM to be held on 29 May 2019 at 3:30 p.m. at Do2@M Meeting Room, Mezzanine Floor, Sheraton Imperial Kuala Lumpur Hotel, Jalan Sultan Ismail, 50250 Kuala Lumpur
SEACERA GROUP BERHAD Kuala Lumpur High Court Originating Summon No: WA-24NCC-268-05/2019 between Seacera Group Berhad("Plaintiff") v Dato Tan Wei Lian, Datin Sek Chian Nee, Jeannie Ooi Chin Nee,Dato Chan Chee Hong, Low Swee Foong, Liu Zhen and Ong Eng Teik
The High Court has fixed Monday to hear Seacera Group Bhd’s application for a declaration that a notice of extraordinary general meeting filed by a group of shareholders is null and void. The PN17 company said this in a filing with Bursa Malaysia today with regards to the notice of EGM dated April 30. The EGM, scheduled to be held on May 29, was requisitioned by substantial shareholder Datuk William Tan Wei Lian and six other shareholders — Datin Sek Chian Nee, Jeannie Ooi Chin Nee, Datuk Chan Chee Hong, Low Swee Foong, Liu Zhen and Ong Eng Taik. In a separate filing, Seacera said the court has fixed May 28 to decide whether or not the company has to disclose its record of depositors to the seven shareholders. The seven want the record in text format to be produced at or before 10am on May 28 “for purposes of the proposed EGM”. The seven, representing a combined stake of at least 10% in the tile manufacturing company, called for the EGM to remove eight directors from the company and appoint new ones. Rasila Hamzah, Norhanum Nordin, Halim Ismail, Mohd Fazillah Kamaruddin, Datuk Mansor Masikon, Datuk Seri Azizan Ahmad, Zulkarnin Ariffin and Datuk Seri Abdul Mohd Zabidi are the directors that they are targeting to exit the group, In their place, they are proposing Tan Lee Chin, Razvi Abdul Halim, Datin Ida Suzaini, Clarence Yeow Kong Chew, Chua Eng Chin, Marzuki Hussain, Tengku Ahmad Badli Shah Raja Hussin and Ong Eng Taik.
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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 2971 views | 2 d ago
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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....
Ron90
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Posted by Ron90 > 2019-05-17 01:39 | Report Abuse
study the graph and trend, you should know what is the fair value of this stock ... its time to be in the sideline.
Not necessarily got huge land banks, the price would follow in parallel.. not easy to sell big assets. not many buyers, make take years to execute, etc..