Posted by Harutochan > 2020-05-07 20:48 | Report Abuse

if only 1 director disposed all his shares, there's nothing to worry about. But if majority disposed, then u should.

Posted by ctquay600305 > 2020-05-07 21:03 | Report Abuse

buy tomorrow closing at least 0.20+++

Posted by Max_Lui > 2020-05-07 21:30 | Report Abuse

1.) Ageson inks JV term sheet for RM330m Singapore sand supply project.
https://www.thesundaily.my/business/ageson-inks-jv-term-sheet-for-rm330m-singapore-sand-supply-project-FK2268601

2.) Ageson bags RM117m contract to sell natural sand to HK firm...
https://www.theedgemarkets.com/article/ageson-bags-rm117m-contract-sell-natural-sand-hk-firm

3.) Ageson bags RM27.5b sand order from Guangzhou Kaishengda...
https://www.theedgemarkets.com/article/ageson-bags-rm275b-sand-order-guangzhou-kaishengda

Posted by pari57 > 2020-05-07 21:31 | Report Abuse

Just buy

Posted by ctquay600305 > 2020-05-07 21:42 | Report Abuse

Dont worry just buy ...up..

Posted by Cojack31 > 2020-05-07 22:00 | Report Abuse

I dont think tommorow will drop. Price will up close 20++.

Posted by Cojack31 > 2020-05-07 22:14 | Report Abuse

Yesterday already tested the price. Still strong closing at 17 cts.

Posted by Cojack31 > 2020-05-07 22:46 | Report Abuse

Singapore/ hong kong also involved sand project. Can goegle

Posted by Cojack31 > 2020-05-07 22:54 | Report Abuse

share value will slow slowly up . Buy b4 above 20 cts.

Posted by winston1 > 2020-05-07 23:23 | Report Abuse

something fishy going on

Posted by Dotazeus > 2020-05-07 23:51 | Report Abuse

CR No:
1992301
Business Name:
BOYIJUN RESOURCE (HK) LIMITED
Business Name(Chinese):
駿馬資源(香港)有限公司
Registration Date:
06-NOV-2013
Business Status:
Dissolved
Business Type:
Private company limited by shares
Remarks:
Dissolved by Deregistration
Winding Up Mode:
-
Date of Dissolution / Ceasing to Exist:
19-JUN-2015
Register of Charges:
Unavailable
Important Note:
-

I checked the bojiyun HK limited in Google, the company status is dissolved

Posted by Fundamentaler > 2020-05-08 00:31 | Report Abuse

Anyone can search guangzhou kaisengda?

Posted by Boneka > 2020-05-08 00:40 | Report Abuse

Good try Dotazeus but too bad this gimmick won't let you get to buy Ages cheap anyway...go get a life..lol

BOYIJUN RESOURCES (HK) LIMITED was incorporated on 2018-09-05 as a Private company limited by shares registered in Hong Kong. It's company registration number is: 2742155. The company is Live now.

Company Name:BOYIJUN RESOURCES (HK) LIMITED
Company Name (Traditional Chinese):香港佰威駿資源有限公司
CR No.2742155
Date of Incorporation:2018-09-05
Company Type:Private company limited by shares
Company Status:Live
Remarks:-
Register of Charges:Unavailable
Name History:2018-09-05
BOYIJUN RESOURCES (HK) LIMITED
https://www.hkcompanydirectory.com/en/boyijun-resources-hk-limited-

Posted by Fundamentaler > 2020-05-08 01:10 | Report Abuse

Boneka.. yes.. still active

Posted by Ravindran Raja Rathanam > 2020-05-08 01:12 | Report Abuse

I guess the latest contract will be the start of a very glorious era for ageson. Even bluechip company dont get this kind of huge and long term contract frm international entity or even government. So for those who trust just grab this opportunity and for those who doubt, can wait and get at the higher price. Once it start moving it will be quite impossible to get cheaper price.

Remember value investing is not gambling but investing in what you believe is at the cheapest price and have unlimited future gain.

The price is very cheap now for a profit making company with good international connection and new director.

Posted by Fundamentaler > 2020-05-08 01:34 | Report Abuse

@nazri.. dato foo chu jong keep disposed since last year.. 61 old years already.. maybe planned to retire or got a deal.. new director is young.. below 50.. more energetic n fresh idea.. keep acquired compny shares.. if the new main shareholders also keep disposed then u should be worry

Posted by ShinChan46 > 2020-05-08 01:45 | Report Abuse

Why people worry, fa ok laaa..PE eps ROE ok, sentiment suda mari..ta notbad, taukey already change, they must inject money for the co

Posted by Fundamentaler > 2020-05-08 01:55 | Report Abuse

@shinchan46 yes.. tommorow sure boom

Posted by TSFH > 2020-05-08 08:36 | Report Abuse

not sure if it will be immediate surge since below 20c range is where Ages share price linger for years. Maybe the real surge will come when the rev shows in qtr report.

Posted by Cojack31 > 2020-05-08 08:45 | Report Abuse

Good news.. goods sentiment already out. If u have budget. Time to grab.

Posted by Allen123 > 2020-05-08 09:22 | Report Abuse

Fast buy dun miss

Posted by majuJayaInsyaAllah > 2020-05-08 09:36 | Report Abuse

road to 0.30

Posted by azta12 > 2020-05-08 09:39 | Report Abuse

add, keep the momentum going

Posted by hallick > 2020-05-08 09:40 | Report Abuse

what is the good news Cojack31

Posted by firehawk > 2020-05-08 09:57 | Report Abuse

Vol of PA is higher than mother share NOW!!!

Posted by secret1q > 2020-05-08 10:11 | Report Abuse

Good new dato Foo is out be substantial.

As this is the initial plan.

Posted by secret1q > 2020-05-08 10:12 | Report Abuse

new shareholder lieu & chin RTO, drive dato foo out is matter of time

Posted by EZMONEY13 > 2020-05-08 10:12 | Report Abuse

Whats the plan ?

Posted by secret1q > 2020-05-08 10:12 | Report Abuse

next step is lieu & chin will convert the unlimited PA to ordinary to further increase their holding for ages

Posted by firehawk > 2020-05-08 10:19 | Report Abuse

Better buy AGES-PA than all these cold things!!

Posted by EZMONEY13 > 2020-05-08 10:21 | Report Abuse

This one is in most of the shareholders head already isnt it

Posted by JayC88 > 2020-05-08 10:54 | Report Abuse

Netx TP 10 cent? Wow....

Posted by kleverman > 2020-05-08 11:03 | Report Abuse

AGES-PA has no value, it's only an instrument for the directors. If you trace back the records, it's entirely held by directors. Focus on the mother only.

Posted by secret1q > 2020-05-08 11:03 | Report Abuse

Pa is not worth as the conversion ratio is 13 to 1

0.025 x 13 = 0.325

mother now is only 0.175

way over value.

value of PA now is 0.175/ 13 = 0.0135

however, PA is good for goreng. but will easily get burn too

Posted by JayC88 > 2020-05-08 11:32 | Report Abuse

secret1q

please read carefully:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3036385

see u on the son's side :)

Posted by JayC88 > 2020-05-08 11:36 | Report Abuse

The ICPS can be converted into new Ageson Shares at the conversion price of RM0.13 ("Conversion Price") in the following manner:

i. by surrendering 13 ICPS to be converted into 1 new Ageson Share; or

ii. a combination of such number of ICPS and cash with an aggregate value equal to the Conversion Price, subject to a minimum of 1 ICPS surrendered, and paying the difference between the aggregate value of the ICPS surrendered and the Conversion Price in cash for 1 new Ageson Share.

Posted by JayC88 > 2020-05-08 11:37 | Report Abuse

according to (ii), you can figure out how undervalued AGES-PA is at the moment.

Posted by Kris Wong > 2020-05-08 11:45 | Report Abuse

For those who still doubt the conversion by using the cheaper option ii ie. 1 ICPS plus 12sen (2sen + 12 sen= 14 sen much lower than the now share price 18 sen), please call the Share Registrar Boardroom.com at 03-22980263 for confirmation !

Posted by JayC88 > 2020-05-08 12:03 | Report Abuse

many are still confused by the so called "ratio" but please note that this is not a call warrant.
if it is not profitable, why do you see batches and batches of PA being converted each week?

Posted by Tripaka > 2020-05-08 12:17 | Report Abuse

Dir Foo made alot. If dir sell, got to be careful. 60 yrs old is not old but wise..

Posted by secret1q > 2020-05-08 12:28 | Report Abuse

Thanks Jayc88 for sharing

Posted by secret1q > 2020-05-08 12:33 | Report Abuse

i then make big mistake on PA calculation

Posted by secret1q > 2020-05-08 12:35 | Report Abuse

there is initially this much of PA

4,610,754,392

ordinary share is only this much

502,108,290

Posted by secret1q > 2020-05-08 12:36 | Report Abuse

if all the PA is convert by option (ii)

Then the dilution of Ageson is scary

4,610,754,392 / 502,108,290
= 918% dilution

Posted by jeccy > 2020-05-08 12:39 | Report Abuse

AGES - I. RENOUNCEABLE RIGHTS ISSUE OF NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES (ICPS) (RIGHTS ISSUE); AND II. ACQUISITION OF A PARCEL OF DEVELOPMENT LAND (ACQUISITION)
AGESON BERHAD

Kindly be advised that AGES’ 3,860,754,392 ICPS issued pursuant to the Rights Issue and 750,000,000 ICPS issued pursuant to the Acquisition will be admitted to the Official List of the Exchange and the listing and quotation of the ICPS on the Main Market will be granted with effect from 9.00 a.m., Thursday, 19 March 2020.

The Stock Short Name, Stock Number and ISIN Code of the ICPS are “AGES-PA”, “7145PA” and “MYL7145PA035” respectively.



If based on the above information, if all the ICPS is converted to mother share, there will be additional 354,673,414 listed share based on conversion mode I. If based on conversion mode II, that will be additional 4,610,754,392 listed share. Before the ICPS, it's 502,108,290.

4/May Conversion of 80,000,000, diluting the mother to 582,108,290.
6/May Conversion of 58,000,000, further diluting the mother to 640,108,290

Total converted ICPS so far is 138,000,000, leaving 4,472,754,392 yet to be converted.
And, based on the above conversion scenario, it's conversion mode II.

Minimum dilution by remaining all ICPS with conversion mode I, 344,058,030 mother shared will be added. In this case, the total outstanding share will become 984,166,320.

Maximum dilution by remaining all ICPS with conversion mode II, 4,472,754,392 mother share will be added. In this case, the total outstanding share will become 5,121,862,682.

Based on PE:
We've no information about the profit margin of the recent PO awarded for the sand selling (assuming this is the only business profit for the company while the rest is negligible). The only way to derive its EPS will have to assume the scenario of % of the profit from the sales. The award is amounting to RM27.5bil for 15 years, turning into RM1.83bil a year.

Profit at 10%, that translates to RM0.183bil a year.
EPS:
Min dilution case, RM0.1859, at PE 10, fair price is RM1.859
Max dilution case, RM0.0357, at PE10, fair price is RM0.357

Profit at 5%, that translates to RM0.0915bil a year.
EPS:
Min dilution case, RM0.0915, at PE10, fair price is RM0.915
Max dilution case, RM0.01785, at PE10, fair price is RM0.1785

Profit at 1%, that translates to RM0.0183bil a year.
EPS:
Min dilution case, RM0.01859, at PE 10, fair price is RM0.1859
Max dilution case, RM0.00357, at PE 10, fair price is RM0.0357

(Max dilution case will have to consider more on other factors as it will increase the working capital of the company as conversion mode II will need to pay RM0.12 to get 1 mother share)

Posted by secret1q > 2020-05-08 12:39 | Report Abuse

for every PA converted using option (ii) the company will receive 0.12 per share which is
4,610,754,392 x 0.12
= 533Mil

additional 533Mil cash to company

Posted by secret1q > 2020-05-08 12:41 | Report Abuse

Thanks jeccy.

Give u many many likes

Posted by secret1q > 2020-05-08 12:42 | Report Abuse

then the best way to buy the company now is buy the PA and convert to the mother using method (ii) conversion

Posted by secret1q > 2020-05-08 12:43 | Report Abuse

the gap between maximum and minimum scenario is too huge. so for the safety just use the maximum conversion scenario

Posted by JayC88 > 2020-05-08 12:56 | Report Abuse

secret1q

it is valid until year 2030, and may be converted anytime.
this was a very important consideration for me.