Posted by supernova > 2015-06-12 10:28 | Report Abuse

eeee. hate RI. look at my AAX RI. like rubbish

Posted by viper88 > 2015-06-12 11:19 | Report Abuse

Ya... AAX drop a lot yesterday...my friend bought also stuck.
THHEAVY RI also bad response... seems like Tabung Haji and the big shareholders have to absorb renounceable rights.

Posted by supernova > 2015-06-12 11:21 | Report Abuse

true, Tabung Habis is the main supporter. Luckily and terima kasih

Posted by cashflow > 2015-06-12 12:16 | Report Abuse

ThHeavy is bidding some projects. Due to capacity, they may have chance winning those projects.

Posted by supernova > 2015-06-12 12:19 | Report Abuse

hopefully, currently it is the cheapest counters among others competitors

Posted by viper88 > 2015-06-12 12:34 | Report Abuse

Last THHEAVY RI was on 2012.. http://www.klse.my/entitlement/111269.jsp
Renounceable rights issue of up to 360,069,158 ordinary shares of RM0.25 each in THHE (“Rights Share(s)”) at an issue price of RM0.40 per Rights Share on the basis of two (2) Rights Shares for every five (5) existing ordinary shares of RM0.25

Price before ex also 0.40 and after ex-RI price only start to move up til 0.62.

==========================================================

Current price tanking waiting for directions. 1:1 suppose to be better than 2:5 but need big shareholder and big buyer push support.

Posted by cashflow > 2015-06-12 12:35 | Report Abuse

Indeed.

Posted by viper88 > 2015-06-12 13:23 | Report Abuse

Current price is even lower than Ramunia price 39 sen before exit PN17
http://malaysiastockpicks.blogspot.com/2012/05/ramunia-holdings-pn-17-expects-to.html

Tabung haji will own higher % shareholdings if it subscribes and take the remaining RI.

http://www.themalaysianinsider.com/malaysia/article/pkr-reveals-more-losses-for-tabung-haji-in-deal-with-oil-and-gas-company

Posted by supernova > 2015-06-12 13:31 | Report Abuse

timing not right yet for RI, imho

Posted by viper88 > 2015-06-12 14:39 | Report Abuse

Thheavy need money, TH have money.
Big shareholders accumulate more THHEAVY shares and RI at 25 sen..
Accumulation & subscribe for RI needs money also.
Later still have to push up price so their shares have better value.
Just don't know when the timing yet..

Posted by kuttyravi > 2015-06-14 23:31 | Report Abuse

viper88 , when will RI come ? look like there is a delay ???

Posted by viper88 > 2015-06-15 00:57 | Report Abuse

No announcement out yet for exact date. If follow approved proposal.. its planned for middle of June for renounceable rights trading and end of month only RI.

Posted by Mat Cendana > 2015-06-16 14:31 | Report Abuse

THHeavy has been quite disappointing so far. No thanks to the current gloom in the O&G industry. But I'm keeping my eyes on it. Especially on the rights issue. There will be opportunities here. This is the kind of counter where it's possible to make 100% gains within a year. Especially at its present price. When it's on an uptrend (as we had seen before), THHeavy would get really hot. If you are a speculator/trader, keep watching it while keeping some capital on the ready.

Posted by pirate99 > 2015-06-16 14:39 | Report Abuse

Agreed Mat C..

Posted by kuttyravi > 2015-06-16 14:41 | Report Abuse

viper88 , whats happening to th heavy already moving towards 20 sen . What will happen to RI ? Will TH Board proceed with RI with this downward trend ??

Posted by viper88 > 2015-06-16 15:19 | Report Abuse

Mat Cendana: Need some big players or white knight to boost the stock. Currently only TH willing or have the financial to subscribe the RI... but share price is below RI makes no sense to subscribe.

kuttyravi: Small retailer selling in low vol and lack of buyers support... price down low n lower.
Current price is lower than RI offered price 25sen, makes it not attractive to subscribe for RI..coz buy direct is cheaper then paying more for RI.

Previous EGM RI was approved... not sure there will be any new changes or new announcement.

Posted by supernova > 2015-06-16 15:33 | Report Abuse

yeah, never fail in keep dropping. MHB is keeping up

Posted by Mat Cendana > 2015-06-16 15:48 | Report Abuse

@pirate99, @viper88, @supernova - Nice to see all you THHeavy loyalists still here :-)
Not having a heavy hitter besides Tabung Haji to pull some weight is indeed a problem. But at least it's still around. I believe it will remain as a significant shareholder despite the flak it's taking. Not really justified because the transformation from Ramunia previously - and especially when the price shot above 1.00 - looked like a genius move. I'm just wondering whether it can put in more capital in THHeavy without triggering a Mandatory General Offer(?)

One thing I like about this company is that the CEO/Managing Director has a significant stake. This is very important because it's also HIS money on the line here. It's just unfortunate the price of crude oil had put a damper on this previously hot industry. Not getting those contracts had not helped either. But I feel he's doing the right thing in trying to ride out this rough patch in the industry. Keep an eye on cash flow while working towards securing new projects. Just one significant contract award and proper attention will focus to THHeavy again. That's why I'm keeping an eye on this counter. If there's word of something, I'm in again.

Posted by Mat Cendana > 2015-06-16 15:54 | Report Abuse

The present price of 0.23 - it's lower than 0.40 of the previous rights issue. Almost half. Maybe I should just buy some right now, say one-third of the intended capital, and wait it out. Regardless of the uncertainties about the RI, lack of projects etc. I mean, how much lower could it possibly go?? Yeah... below 0.20 is always a possibility when it comes to the stockmarket :-) But maybe THHeavy justifies jumping the gun a bit.

Posted by Mat Cendana > 2015-06-16 15:56 | Report Abuse

MHB, Perisai and Bumi Armada - these are also in the dumps right now. But worth keeping an eye on. However, when it comes to potential capital appreciation, I'd favour THHeavy. Especially at this price.

Posted by supernova > 2015-06-16 16:11 | Report Abuse

yeah, im still in with this boat due to Tabung Haji

Perisai and armada given good return to me in less than 6 weeks.

Now i accumulating them, bumi matched this morning, perisai still in progress @ 42.5c

good to know that we share the same view

Posted by Mat Cendana > 2015-06-16 17:21 | Report Abuse

Can't assume anything when it comes to the stockmarket. Some months ago, many of us thought it's unlikely that THHeavy would ever go below the 0.40 rights price. "People who had subscribed at this level and higher won't sell at a loss", and "There will be strong support at 0.40", right? Not really so. There was support for a while but it didn't hold. The substantial shareholders like Tabung Haji would not sell but we don't know what others would do. And so we have this situation we're in right now.

To @supernova - good luck with those holdings. Might not look like it now (else everyone would buy these counters) but sentiments will change. As they always have. The day will likely come again when people fall over themselves buying THHeavy at 0.60, Perisai at 1.20 and Bumi Armada at 3.00. Doesn't look like it right now, that's for sure. But we have seen this movie before:-)

Posted by viper88 > 2015-06-16 17:23 | Report Abuse

As though buying others renounceable RI at 0.25 is not enough, accumulate/buy other exiting shareholders share below RI price. Seems like the big shareholders want the share price low for accumulation by themselves currently.

Posted by Mat Cendana > 2015-06-16 17:40 | Report Abuse

It has happened before, again and again. These big shareholders know what's in the works and they have a big advantage. Besides information, they also tend to have the holding power, access to financing etc. Picking up at discounted prices, and then selling for big profits when the crowd jumps in. That's how it has always been with the stockmarket.

Posted by viper88 > 2015-06-16 19:03 | Report Abuse

Yes... big player game. Surprisingly with RI otw... they dont seems want small shareholders to subscribe for the RI base on current market share price..

Not sure whether they really need fund from shareholders or market retailers because if they buy back all the renounceable rights, basically they are using their own money and increase their shareholding higher % only.

Posted by pirate99 > 2015-06-16 22:25 | Report Abuse

Nice to see u @Mat C, @viper88... Eyeing closely few stocks..icon,alam,perisai,daya,thheavy..

Posted by viper88 > 2015-06-17 11:22 | Report Abuse

pirate99: Nice to see u2. Current THHEAVY play vol very low.... not much exciting yet.

Posted by rishi > 2015-06-17 12:37 | Report Abuse

OMG what happened to the market, back from holiday and the market crashing now!!! Haizz!!
SADDENING!!

Posted by supernova > 2015-06-17 13:32 | Report Abuse

hope you had exited some. i still trapped. no jail break ticket yet

Posted by rishi > 2015-06-17 14:56 | Report Abuse

I dunno whether, i should cut loss or wait only.. HMM

Posted by supernova > 2015-06-17 14:57 | Report Abuse

last bought at 28c still stuck

Posted by kuttyravi > 2015-06-17 17:40 | Report Abuse

viper88 , at this rate TH HEAVY can it be delisted ?? whats happening ??? RI not coming yet ???

Posted by viper88 > 2015-06-17 19:05 | Report Abuse

kuttyravi: Seems like those contra kakis/small retailers that enter last week Thurs& Friday exiting coz not willing to pickup shares. RI approved as per recent EGM announcement but haven't announce yet the date for renounceable RI trading and ex-date for RI.

Posted by viper88 > 2015-06-17 19:26 | Report Abuse

kuttyravi: No news on delisting. Currently THHEAVY still have one major FPSO contract until Nov. 17, 2023, with JX Nippon given an option to extend the lease for one year up to a maximum period of 10 years from Nov. 18, 2023.

THHE wins first FPSO contract in RM2.9bil deal — 16 May 2014

http://pertama.freeforums.net/thread/970/thheavy-7206#ixzz3dJjtko16

http://www.rigzone.com/news/oil_gas/a/133136/TH_Heavy_Engineering_Bags_372M_Deal_for_Layang_Project_Off_Sarawak

RI fund plan

http://www.seatrade-maritime.com/news/asia/th-heavy-engineering-to-use-half-of-rights-issue-to-fund-fpso-conversion.html

Posted by cashflow > 2015-06-18 12:17 | Report Abuse

Oil & Gas cycle

Posted by viper88 > 2015-06-19 13:22 | Report Abuse

Oversold and cheaper than RI offer price.
Support currently at 0.22 & - 0.23... still lack of exciting play for the RI.
Big shareholder & players just holding and wait for the next wave..

Posted by supernova > 2015-06-19 13:44 | Report Abuse

up down up down quite violate. crude oil have to reach usd 65 to get proper gain

Posted by viper88 > 2015-06-19 21:58 | Report Abuse

Current pending is THheavy-OR & RI date announcement.

If want ppl to subscribe, they hv to push up the price .... if dun push up the price, the major sh'holder hv to buy the RI left over .... then, they hv to push up the price to release their holding, other wise they will be stuck spending money and holding more stocks.

Posted by zahid78 > 2015-06-19 23:46 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2015/06/19/TH-Heavy-Engineering-CEO-Nor-Badli-resigns/?style=biz

Posted by KedahMalay > 2015-06-20 00:15 | Report Abuse

hope up trap here

Posted by viper88 > 2015-06-22 14:47 | Report Abuse

Still lacklustre play..

Posted by Dylan1027 > 2015-06-22 14:49 | Report Abuse

no idea, how or what can make THHEAVY back alive..

Posted by cashflow > 2015-06-22 16:11 | Report Abuse

just a matter of time when projects being awarded, the company is worth more than what it is now. That time regret for not buying cheap share.

Posted by viper88 > 2015-06-22 16:22 | Report Abuse

Price seems being surpressed down and theres block at 0.235/0.24.
No sign of push yet to attract public or minority shareholders to subscribe for the RI offer at 0.25.
More like the big shareholders just want back all the shares and RI for themselves.

Posted by tlbeng > 2015-06-23 09:38 | Report Abuse

hebat also, drop until 5 years low
the management really tak boleh pakai, need to change blood

Posted by Dylan1027 > 2015-06-23 11:31 | Report Abuse

soon will break 0.20..

Posted by supernova > 2015-06-23 12:15 | Report Abuse

still no sign of recover. aduhai

Posted by viper88 > 2015-06-23 14:48 | Report Abuse

The big players want to rinse till clean and they take own sweet time do it slowly before OR RI play... unlike IFCAMSC.. can pump in RM40-50million daily and swing down and up fast...

THHEAVY reminds me of KNM recent play also.. KNM was on downtrend for months and suddenly spike up today... damn.

Posted by supernova > 2015-06-23 14:49 | Report Abuse

i always believe heavy is undervalued. 20 cents plus is just too cheap

Posted by viper88 > 2015-06-23 15:13 | Report Abuse

They want 2 make it cheap so their own players can buy it cheap...
but its been dragging too long.

Last year propose RI in OCt and warrant expiry Dec drag price down a lot.. this year RI approved still drag price even lower.

Big players game... they control the price movement.
Rebound still waiting for the big players to push.