Posted by 888Jaws > 2018-01-04 14:29 | Report Abuse

Hahaaaahaa

Posted by John1234 > 2018-01-04 17:16 | Report Abuse

Somebody speaks like 687423. If I am not wrong, the old man did not bid up the price this time. He is still busily engaged with the Sapra Energy war with the big boys.

Do not be too sure....haha

Posted by Ameera > 2018-01-04 17:20 | Report Abuse

Nice... uptrend now..

Posted by John1234 > 2018-01-04 21:36 | Report Abuse

Independent advice circular to the non-interested shareholders of Comintel Corporation Bhd ("Comcorp") in relation to the proposed disposal of 100% equity interest in BCM Electronics Corporation Sdn Bhd, a wholly-owned subsidiary company of Comcorp, to Aurelius Holdings Sdn Bhd for a cash consideration of RM123,800,000 ("Proposed Disposal")

Please read up to make your voting decision at the EGM. Open up the attachment file:
http://www.bursamalaysia.com/market/listed-companies/company-announcem...

Posted by Ken > 2018-01-05 07:03 | Report Abuse

Current market capital is 106mil,disposal price is 123.8mil,good deal

Posted by John1234 > 2018-01-05 09:07 | Report Abuse

It breaks the recent high of 78.5 sen. A good sign...

Posted by John1234 > 2018-01-05 09:11 | Report Abuse

If it can close above 78.5 sen, a better sign

Posted by Davidl > 2018-01-05 09:14 | Report Abuse

Uptrend towards new high!

Posted by paktua73 > 2018-01-05 09:27 |

Post removed.Why?

Posted by John1234 > 2018-01-05 11:05 | Report Abuse

Old man is back. Tough fighting the Saparu Energy war with the big boys? Here, it is less crowded....

Posted by mobidick > 2018-01-05 16:42 | Report Abuse

First resistance, elliot wave, will fall to 0.74-0.75 and when nearing EGM will spike up. Ready collect.

Posted by JAWA 888 > 2018-01-05 17:39 | Report Abuse

Hihiiiii .... steamboat dinner

Posted by John1234 > 2018-01-05 20:33 | Report Abuse

(Extract of recommendation from the independent adviser KAF Investment Bank Berhad)

RECOMMENDATION(under Executive Summary):
Based on the above and the evaluation of KAF IB as a whole, we are of the opinion that the
Proposed Disposal is FAIR and REASONABLE and is NOT detrimental to the noninterested
shareholders of Comcorp. Accordingly, we recommend that the non-interested
shareholders of Comcorp to VOTE IN FAVOUR of the ordinary resolution pertaining to the
Proposed Disposal to be tabled at the forthcoming EGM of the Company.

For more details, please read up...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5655281

Posted by John1234 > 2018-01-05 20:37 | Report Abuse

Somebody commented that it may not be a fair deal, given that it is a related party transaction. Now, we have a more objective view from the independent adviser.

Posted by John1234 > 2018-01-05 20:45 | Report Abuse

Today, the operator attempted to break above the recent high of 78.5 sen, but unsuccessful. Nevertheless, it still closed up 1 sen, ahead of a weekend.

Next week will be more interesting as we approach nearer to the EGM date on 15 Jan 18.

Posted by Ameera > 2018-01-05 20:52 | Report Abuse

Ya.. thanks for comments John!
Pls share more.. thanks

Posted by JAWA 888 > 2018-01-06 00:46 | Report Abuse

John ... good info . Thks .

Posted by John1234 > 2018-01-07 11:00 | Report Abuse

I like the current price movement. Small vol traded with an upward bias. Once the vol explodes, 1 of the 2 things could happen:
1. The operator invites punters/investors to trade the price higher;
2. The operator will distribute his shares when the price spikes up a lot, like in the previous case.

We can only tell whether it is scenario 1 or 2 on hindsight. So, it is usually safer to buy on small vol traded.

Just my humble views.

Posted by Jarklp > 2018-01-07 14:54 | Report Abuse

Reading the valuation report from KAF, a few interesting points:
- the offer price of 123.7m was based on Net Asset(NA) as of 31-Jan-2017
- BCM's appraisal value is 85.7-87.4m or 41% to 44% lower than the offer price based on DCF came up by KAF by assuming 0.5% to 1% growth rate going forward.
- The valuation is "fair" because "difficult to seek alternative bids" (not sure why they cannot list the company), so take 25% discount for liquidity charge (including cash ! I didn't know cash is not liquid)

KAF is indirectly saying is that the NA is overstated! The insiders must be idiots to take over a company with 0.5% to 1.0%p.a. growth potential going forward for more than 40% premium. Comcorp is so lucky now to find a buyer.

By the way, the NA and profit as of 30-Oct-2017 was 134.7m and 11m respectively. Comcorp is likely to lose 5m-8m a year after selling their golden goose. Has anyone seen BCM's balance sheet apart from the one page provided by KAF? There could be some golden eggs hiding there.

Posted by Ameera > 2018-01-07 19:29 | Report Abuse

Good to read the comments here..
Hopefully something great is brewing there soon...:)

Posted by paktua73 > 2018-01-08 17:16 | Report Abuse

old man very confident will reach od man TP 0.85 before cny
wait and see
tut tut
already earn profit here also

Posted by John1234 > 2018-01-08 17:59 | Report Abuse

Wow, old man is back. This time, it broke past 78.5 sen, without his pumping up, to end at 79 sen.

We welcome him back to steer this ship, after finally triumphing his hard-fought Saparu Energy war with the big boys.

Posted by John1234 > 2018-01-09 10:38 | Report Abuse

This morning, profit taking across the board...

Posted by John1234 > 2018-01-09 18:10 | Report Abuse

It closed at 77 sen today amidst a generally profit taking mkt. Nothing to shout about...

Posted by JAWA 888 > 2018-01-11 13:02 | Report Abuse

MACD still strong remain bullish .

Old Man attract small fish ...

Posted by JAWA 888 > 2018-01-11 13:02 | Report Abuse

hihiiiii ...

Posted by John1234 > 2018-01-11 17:12 | Report Abuse

3 days of profit taking in the general mkt has brought this counter to its immediate support level at 76 sen on very low vol.

Next Mon is the EGM day.

Posted by JAWA 888 > 2018-01-11 18:46 | Report Abuse

we see what happen next monday ....

Posted by 1099 > 2018-01-12 17:15 | Report Abuse

莫非是暴风雨来临前的平静。。。

Posted by Ken > 2018-01-12 17:36 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5650309
Everyone please go to vote yes

Posted by The_Reds > 2018-01-12 17:40 | Report Abuse

dun worry, with the proposed dividend after disposal, i'm sure the vote can go thru smoothly

Posted by Ken > 2018-01-12 18:17 | Report Abuse

I didn't receive any notice.They might afraid small share holders vote no.Definitely I vote yes,as the selling price is 0.88 per share compare to market price 0.775.Really worth.

Posted by John1234 > 2018-01-12 18:27 | Report Abuse

Not bad closing today at 77.5 sen. Low vol means most investors are not willing to part with their shares before the EGM.

Interesting to watch the price movement on Monday. Of course, if price spikes up on Mon, some might be tempted to take profit.

Got to see how the operator unveils his game plan on Monday -

Posted by John1234 > 2018-01-12 22:33 | Report Abuse

Good. This forum thread has got more contributions as we are getting nearer to the EGM date.

Where is the old man?

Posted by paktua73 > 2018-01-13 22:34 | Report Abuse

He he old man bz on OnG stock n tech stock now.
But here will hold tight bcoz
Its will move up back above 0.80
That why old man diam diam je for now
Tut tut

Posted by John1234 > 2018-01-14 07:13 | Report Abuse

Finally, our commando-trained captain is back.

For those who are attending the EGM tomorrow, pls update us with the outcome of the meeting as soon as it is announced.

Posted by John1234 > 2018-01-14 22:47 | Report Abuse

Yes, EGM is tomorrow morning. Do not forget.

Posted by 888Jaws > 2018-01-15 09:59 | Report Abuse

Open 0.78. Now fluctuate 0.775. - 0.78 c

we 'll check the situation in EGM today's - 10am hihiiii .....

Posted by JAWA 888 > 2018-01-15 10:07 | Report Abuse

Down !!! 0.77 c ....

Posted by Ken > 2018-01-15 11:24 | Report Abuse

99.9% vote for

Posted by JAWA 888 > 2018-01-15 11:40 | Report Abuse

? ? ? ...

Posted by The_Reds > 2018-01-15 13:24 | Report Abuse

No need see also know the egm result la

Posted by John1234 > 2018-01-15 14:15 | Report Abuse

Mkt is mixed this morning. See if there's any action this afternoon.

Posted by AzerothJr > 2018-01-15 16:18 | Report Abuse

what happen to comcorp why drop so much on EGM day?

Posted by baluku123 > 2018-01-15 16:24 | Report Abuse

happy or not? let u chance to all in what~

Posted by AzerothJr > 2018-01-15 16:30 | Report Abuse

Buy abit but become scare cause seems like nonody interest in the stock.

Posted by The_Reds > 2018-01-15 16:48 | Report Abuse

Operator press down to let u buy..sapu

Posted by John1234 > 2018-01-15 17:15 | Report Abuse

Today, many counters are pressed down, as reflected in a drop in the FTSE Bursa Small Cap index, even though KLCI is up 3.24 pts. This might have prompted a small no of weak holders to sell this counter.

Anyway, the outcome of the EGM will soon be announced on Bursa website. See if there is any goreng up in the coming days or nearer to cd date.

Posted by John1234 > 2018-01-15 17:22 | Report Abuse

*....nearer to either CD or CE date.

Posted by Andersonlim > 2018-01-15 17:32 | Report Abuse

99.999% vote yes