Posted by BlackWhite > 2018-07-23 19:18 | Report Abuse

Last day to fill up is Friday, better take it since price have been halved like it or not

Posted by Halite > 2018-07-23 20:08 | Report Abuse

very funny .....
immediate 21% gain if you switch your pworth @ 0.08 to pworth-OR@0.045
why nobody want?

very stupid market !!!!!!

Posted by Halite > 2018-07-23 20:17 | Report Abuse

that say you have 300k shares of Pworth


you sell 300k shares of pworth @ 0.08 = RM 24000.00
you buy 200k shares of pw0rth-OR @0.045 = RM 9000.00 + RM1000.00 = RM 19000.00

your immediate profit = 24000 -19000 = RM5000.00

VERY STUPID MARKET !!!!!!!

Posted by Halite > 2018-07-23 20:20 | Report Abuse

then why they are forced to sell OR

Reason:

over bought before EX, no money to subscribe the 600k RI = RM30000.00

Posted by BeAmillionaire > 2018-07-23 21:46 | Report Abuse

0.06...making

Posted by OngLai88 > 2018-07-23 21:50 | Report Abuse

Halite, not easy to make 5000. Long buy and sell queue. Making 2500 is more realistic.

Posted by soon9913 > 2018-07-23 22:05 | Report Abuse

Perhaps just a tactic to attract buyers to subscribe the rights ?!

Posted by Halite > 2018-07-23 22:49 | Report Abuse

Right issue subscription is not a problem, the cost for new buyers is just 0.33 cents
No one will forgo the right
The reason is simple
1. Company earning is improving and dustainable
2. Fmu 5 is acquired at a big discount
3. New China contract

Posted by Halite > 2018-07-23 23:04 | Report Abuse

Priceworth’s logging concession valuation 67% higher than acquisition price
Sulhi Azman
/
The Edge Financial Daily

May 04, 2018 11:21 am +08

This article first appeared in The Edge Financial Daily, on May 4, 2018.
-A+A
KUALA LUMPUR: Priceworth International Bhd said Forest Management Unit 5 (FMU5), a timber concession area it is acquiring in Sabah, has been valued at RM433.8 million.

The valuation, it said, is RM173.8 million or 66.85% higher than the RM260 million it is paying for FMU5, which has a net concession area of 88,920ha.

The timber and sustainable forestry group added in a statement that it holds a cash option which, if exercised, could further reduce the acquisition price to RM235 million.

FMU5 is among Sabah’s top 10 largest forest management areas, and has 79 years remaining on the 100-year licence to manage, extract and sell timber from the area.

Priceworth will be seeking shareholders’ approval for the acquisition at an extraordinary general meeting on May 22.

The group has also proposed a renounceable two-for-one rights issue with bonus shares to raise proceeds of RM102.37 million, which will be used to repay bank borrowings and for working capital.

The rights shares, to be issued at five sen each, will come with one bonus share for every two rights shares subscribed.

Priceworth said the acquisition of FMU5 will cement its position as the leading integrated timber player in Sabah, with an entire value chain comprising upstream and downstream assets complemented by its in-house expertise, know-how and market knowledge.

“With the proposed transformative acquisition of FMU5, we are bullish on the future outlook of the company and the group,” it said, as it envisages the FMU5 to provide a sustainable supply of logs for the foreseeable future.

“Thus, the principal business segment of logs trading, sawmill operations and plywood manufacturing will be further enhanced with our contributions and margins improving beyond the break-even level which we have been experiencing for the past few years.”

Last month, Priceworth saw its highest production volume since 2011, when Sabah adopted a new forestry policy on Sustainable Forest Management in 2010. In March, its log production nearly touched 25,000 cu m, a 71% increase from a year ago.

Priceworth has also signed a memorandum of understanding with Chinese manufacturer Foshan Zhengsen Woodworking Co to supply container flooring worth RM600 million over a five-year period and averaging RM120 million per year.

Priceworth shares closed unchanged at 20 sen yesterday, giving the group a market capitalisation of RM204.75 million.

Posted by User Yap > 2018-07-24 02:20 | Report Abuse

What is the charges to convert pworth-OR to mother share ?

Posted by jeffng570 > 2018-07-24 08:49 | Report Abuse

how about today?

Posted by Halite > 2018-07-24 09:35 | Report Abuse

Normally before EX nothing exciting will happen
Nothing happen is actually good sign
Great show will explode after when when resistance or support is broken

Posted by junetan20 > 2018-07-24 09:36 | Report Abuse

Where to buy malaysia revenue stamp?

Posted by Halite > 2018-07-24 09:37 | Report Abuse

You need not have to wait long, wait for the August announcement

Posted by MSNANAS > 2018-07-24 09:45 | Report Abuse

This counter seem perform ok, current price is 0.08, shall I go in now or wait for right issue is done? May get all master advice as I am newbie here. Thanks

Posted by Brian Loke > 2018-07-24 09:51 | Report Abuse

buy OR and subscribe the share

Posted by warchest > 2018-07-24 10:15 | Report Abuse

Don't see current price as indicator. it looks like discount if u buy OR but this is a trap. See Bornoil u will know. Similiar Sabahan company

Posted by Halite > 2018-07-24 10:21 | Report Abuse

Market sentiment has slowly returned
PH gov is leading the country in the right direction
If we have a good gov, then there is no worry our market can't perform
With this as your background, if you are still hesitating what to do, then here is not the game for you. You better go tanam ubi

Posted by Halite > 2018-07-24 10:26 | Report Abuse

There is no free lunch
No risk no gain
Dare not do the different, then you still what you are
But the rule of the game never forget
It is only can win NOT sure win
So
If you win, then win happily
If you lose, then lose willing
Nevern put the blame of your own failure on others

That is called
"MAN"

Posted by Halite > 2018-07-24 10:40 | Report Abuse

My definition of crony is very simple
Friend of government, previous gov and present gov.
Mahathir has already made it very clear, at his age of 93, he has no enemy, only opposition. We must give the opposition the chance to voice their view.
But the current opportion is still not showing good job, wasted a lot of time telling you are not doing better than we did but no constructive comment to build a better tomorrow

Posted by Brian Loke > 2018-07-24 10:43 | Report Abuse

when indicators come, price already fly

Posted by Brian Loke > 2018-07-24 10:44 | Report Abuse

when ppl panic selling is time to buy good stock

Posted by Yael Jasper > 2018-07-24 10:46 | Report Abuse

Good stock ! Bought

Posted by Brian Loke > 2018-07-24 10:48 | Report Abuse

good or not good just go to check the profit in the quarter result, not listen to ppl said

Posted by Halite > 2018-07-24 11:09 | Report Abuse

Wan,

You should think in a bigger picture

Shates trading is demand and supply play, not number of shares play.

When there is good news, then there is strong demand, when there is strong demand, then the stock will fly even with 10b shares

Posted by Halite > 2018-07-24 11:13 | Report Abuse

What is the market value of pworth, less than 0.5b even go up to 12 cents. To a simple man like KYY it is just sap-sap-sui.

Learn to talk like a rich man, you will later become rich man. Keep talking like a poor man, you can not be rich

Posted by Halite > 2018-07-24 11:24 | Report Abuse

Why no good?

Posted by Halite > 2018-07-24 11:27 | Report Abuse

If you are a big goreng kaki would you choose a counter with very little shares to enter and exit.

Posted by Halite > 2018-07-24 11:28 | Report Abuse

High liquidity is good, you can buy or sell any amount anytime without paying at a premium or discount

Posted by Brian Loke > 2018-07-24 11:36 | Report Abuse

if u think it's not a good opportunity to invest in this company, just dont take risk to buy, as simple as that, or wait price fly only buy from us, haha.

Posted by Halite > 2018-07-24 11:51 | Report Abuse

That is our weakness, we want but we scare

Posted by Halite > 2018-07-24 11:52 | Report Abuse

Untrue?
What the hell you are coming here to share your precious view

Posted by OngLai88 > 2018-07-24 11:55 | Report Abuse

Penny stocks with large issued shares : -

Bornoil = 5.34 bil, EAH = 5.07 bil, Vivocom = 3.39 bil (above 5bil after ex-date 26/7), Pworth = 4.09 bil

Just for information....no buy or sell call

Posted by CHWong > 2018-07-24 12:02 | Report Abuse

today will fall to rm 0.06.....
but dont forget rhb bank boss family was inside....

Posted by Lim Tek Wai > 2018-07-24 12:02 | Report Abuse

Well Played, profit again

Posted by Halite > 2018-07-24 12:16 | Report Abuse

Onglai88,

The difference is pworth has good news to push up the price, the others you mentioned have none.

What are the good news of pworth after EX
1. Better financial position
2. Sustainable improved earning
3. FMU 5 is acquired at a big discount
4. China contract 600M sale for 4 years



OngLai88 Penny stocks with large issued shares : -

Bornoil = 5.34 bil, EAH = 5.07 bil, Vivocom = 3.39 bil (above 5bil after ex-date 26/7), Pworth = 4.09 bil

Just for information....no buy or sell call

Posted by Halite > 2018-07-24 12:19 | Report Abuse

Many will be very happy if it falls to 0.6.
Many are waiting for this moment to come
including you and me

Posted by Halite > 2018-07-24 12:20 | Report Abuse

Why?
Don't have to buy the borang, buy direct from the market, save the trouble

Posted by Brian Loke > 2018-07-24 12:24 | Report Abuse

yes, fall to 0.6 can buy more

Posted by Brian Loke > 2018-07-24 12:28 | Report Abuse

if u look at the vol, the force selling is almost done

Posted by WiseTrade > 2018-07-24 12:34 | Report Abuse

PWORTH is one of Malaysia’s longest running timber company, one of the all rounded timber focused operator which is not many in Malaysia. PWORTH’s log is recognized by Forest Stewardship Council/FSC and Sabah Forest Department/SFD). FSC is international non-profit environmental protection group, besides promoting forest conservation, it also provide recognition for timber products. FSC has very strict recognition standard, it requires not only the source comes from trees but also the processing to meet certain criteria.

Posted by Halite > 2018-07-24 12:34 | Report Abuse

Volume has slow down
Not much hope to get at a lower price now

Posted by Halite > 2018-07-24 12:35 | Report Abuse

0.075 is the best buy now

Posted by WiseTrade > 2018-07-24 12:37 | Report Abuse

For the past 5 years, PWORTH can produce favourable operating cash flow. Due to low financial level coupling with the fact that PWORTH has to invest a lot of capital expenditure, PWORTH never had any dividend.
The capital expenditure is mainly used for upgrading machinery in factory, planting research and development, etc. According to management, other than the RM260m for FMU5, PWORTH won’t be investing heavy capital expenditure, because the group already has good factory and equipment. The only expense would be the moving or reinstalling fee.
Once FMU5 is fully put in operation, PWORTH is expected to have significant improvement.

Posted by OngLai88 > 2018-07-24 12:45 | Report Abuse

If mother is 6 sen, then OR should be 3 - 3.5 sen....

Posted by WiseTrade > 2018-07-24 12:46 | Report Abuse

Through the acquisition of FMU5, PWORTH is able to harvest and replant the whole 88,920 hectare forest which will improve the group’s financial status.
By eliminating any unforeseen circumstances, FMU5 is expected bring in more than sufficient supply of log, which will improve PWORTH capacity utilisation and mechanical efficiency to be able to fulfil local and foreign demand. Besides that, the group can also reduce the cost of log harvesting, to achieve economies of scale and better profit will follow suit.
Due to constant undersupply of tropical log, the recent past few years’ demand has been on the rise. PWORTH often receive customers’ enquiry for more log product. However, the group is unable to produce sufficient supply to meet all the requests. Once FMU5 bring in more supply of log, PWORTH expects to meet all these requests.
In other words, acquiring FMU5 will solidify PWORTH position as Sabah’s leading integrated timber company including both upstream and downstream.

Posted by Halite > 2018-07-24 12:48 | Report Abuse

wise trade,

thanks

Posted by Nicholasming91 > 2018-07-24 12:54 | Report Abuse

Bought some lu considered very low now

Posted by CHWong > 2018-07-24 13:59 | Report Abuse

today forsee will sold 100,000 unit at 0.075

Posted by Halite > 2018-07-24 14:15 | Report Abuse

Plenty od buyers
No worry
Your order to sell will be filled immediately market open
order to buy may got to wait a little longer