OTHERS T7 Global Berhad ("the Company" or "T7 Global") - Letter of Award for the provision of leasing, operating and maintenance of mobile offshore production unit (MOPU) for Bayan Redevelopment Project Gas Phase 2 from PETRONAS Carigali Sdn. Bhd. T7 GLOBAL BERHAD
Type Announcement Subject OTHERS Description T7 Global Berhad ("the Company" or "T7 Global") - Letter of Award for the provision of leasing, operating and maintenance of mobile offshore production unit (MOPU) for Bayan Redevelopment Project Gas Phase 2 from PETRONAS Carigali Sdn. Bhd. The Board of Directors of T7 Global wishes to announce that Tanjung Offshore Services Sdn. Bhd., a wholly-owned subsidiary of the Company and its consortium partner, VME Process Systems Malaysia Sdn. Bhd. had received a letter of award dated 30 January 2020 from PETRONAS Carigali Sdn. Bhd. for the provision of leasing, operating and maintenance of mobile offshore production unit (MOPU) for Bayan Redevelopment Project Gas Phase 2.
Please refer to the attached file for details of the announcement.
Company need to raise funds because of these reasons
1. T7 global invested all it's available capital to maximize its expansion and growth into aerospace , construction , marine and of course the oil and gas upstream industries
2. Ogse tier one players have been given direct support by Petronas . T7 is in tier 2 Ogse support which Petronas is now giving out jobs So capital is needed for ppe. Ppe for last qtr result already showed an increase like redtone and Netx increasing their ppe...both for Nfcp jobs
3. The big surprise was this
Not only Petronas carigali gave subsea umbrella maintenance jobs to T7 global for 5 years
Others are giving jobs Ca Vestigo also gave T7 subsea jobs Repsol also gave topside maintenance jobs Sapnrg also gave man power jobs Today again Petronas Carigali gave jobs to T7 global
So many many many many many many many new job awards need new equipment to do the jobs
So pp and rights issue to raise capital is needed
Last year Calvin saw Naim gave Rights issue at 45 sen to raise capital Calvin bought Naim at 48 sen. It was the best buy
Today Dayang also mentioned rights issue. So why dayang price now almost Rm3.00(it was 50 sen at recent low) when it also gave rights issue
People don't fear dayang at Rm2.95 so why should people fear T7 global at 46.5 sen
There is mispricing of value here
Hence Calvin now call for a very very very strong buy on T7 global at 46.5 sen
Buy as much as you can afford with spare cash
Then hold till all revenue convert to profit
Note: on Jan 2018 Calvin called for a buy on Carimin at 39 sen
Today carimin register a 3 sen profit
One day in future T7 will show better profit than carimin did today
Letter of award received must be early januari but only care to announced until the last possible delay, 20 days !!! t7 management keep on doing insider info ..not ethical at all...not until SC cought someone with it ..sad la with this company..got potential but early sign has shown that the management cannot be trusted and unreliable to investors.
Share buy back n retained in treasury is 8,820,400 dated 15/5/2019, almost 2 % of issued shares. Tan Sri actively buying , taking total Direct n Indirect % on 31/12/2018 = 14.84 , on 13/12/2019 =13.84 , just to maintain the price , very fishy loh.
Each year tukang tilik 60 to 90 counters, only 10 is ok, do you have a list of your buy call stocks yearly , as per Philip had listed for you for your 2019 buy call stocks, looks bad.
Haiya!!!! this Calvin try to be smart like KYY... but sadly got no $$$$ backup to influence price... Only talking and use opportunity to SELL... Show your buying record lah if really sincere!!! Talk only got no value... Haiya!!!
Will not believe same as Calvin said profit 1 million in 2019 but not reflected in Philip list of your 2019 buy call list, said sold 8 house to buy Netx, a good lady posted Jan2020 top 30 list , you are not in the list , the last 30 holder with 10 million share worth RM 200,000 only.
Maybe it's not very nice to call names. I3 is a great platform to share thoughts and knowledge but not showing aggression to others.
Still remain bullish with t7 with the current contracts and that new aerospace sector. T7 is also forming a nice wedge and golden cross, even though it might not mean anything to most people.
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....
Mikecyc
46,797 posts
Posted by Mikecyc > 2020-02-20 16:06 |
Post removed.Why?