Fund Raising by PP shares estimated around 117,000,000 with indicated price assumed at RM 0.36 with a discount of 9.64 % to the 5-day VWAP of RM 0.3984 , raise fund RM 42 million.
>> Now will be Lower ex Price ..
current NTA RM 0.42 , with new 117 million PP shares will dilute to RM 0.345 ...
T7 Global Berhad Online Investor Briefing On 25 July 2020
We are hosting an online investors briefing through Zoom for the Main Market listed public listed company T7 Global Berhad this coming Saturday morning, 25 July 2020, from 10.00 am to 11.30 am.
It is free-of-charge and you are strongly encouraged to join this upcoming T7 Global Berhad online briefing. You can register to join by filling in the Google form below.
This online registration works on a first-come-first-served basis and we are only accepting a maximum of 90 participants to ensure that a truly interactive, quality meeting with the senior management team of T7 Global Berhad will take place.
We will send a softcopy of all the reference material to the registered participants prior to the T7 Global Berhad online briefing this coming Saturday.
T7 Global: Secures two supply contract extensions. T7 Global has bagged two contract extensions, one each from Hengyuan Refining Company and PTS Resources SB. The value of both contracts will be as per the order request and pricing stipulated in the contracts, it said. The first contract involves the supply SBM hoses and accessories to Hengyuan, while the second contract is for the extension of supply of battery systems. (The Edge)
In my opinion, they are doing well. Strong balance sheet and future prospect is very good in well services, mopu and mcm contracts. Good for long term investment.
Conman counter la..... Always sign MOU with chinaman make gimmik, appoint Zahid Son become Director, old fox tan kean Son invite his old fox Vincent Tan make gimme to goreng his counter profit take at the 0.70 dump his share........ Old fox counter Many conman shows
many people may have forgotten the scandal that broke out at T7 Global Bhd,then known as Tanjung Offshore Bhd about 5 years ago ,involving fraud and money laundering allegations.
Mikecyc... are you still owning any T7 shares ? Was trying to understand your adverse comments on T7 unless you had lost lots of money in this counter; and trying to give valuable advice to others not to fall into the same shortcomings like yours.
I'm not sure how mikecyc calculate gearing - only using PPE over borrowings, very misleading...
How about the cash of RM55m? T7 is currently in nett cash position as of last year FY2019, means they have enough cash to cover all its debt. Gearing is only 0.2x, very healthy balance sheet and financial position, if you asked me. They still have good borrowing capacity to grow their business if you look at their balance sheet.
T7 current ratio is about 3x, has very low financial risk. If you want growing company, T7 is one of them, of course you wont see excellent result in just 2-3 months due to current situation. definitely next year and 2022 when MOPU's revenue kicks.
As for his story, i really thinks his divestment is due to media pressure as he do not want to be in the limelight for the wrong reason as a high profile investor.
5 years ago the scandal involved a totally different management and board, ever since Tan Sri Tan Kean Soon took-over you see the company has turnaround from red to green, making sure they have improvement every year...
I believe in the new management of T7.. showing promising growth
T7 GLOBAL BERHAD appoints prominent low-profile tycoon and investor Tan Sri Dato’ Sri Richard Koh Kin Lip as new board member. The tycoon from Sabah also sits on the board of IOI Properties as Senior Director, NPC Resources Bhd and Cocoaland Holdings Berhad.
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calvintaneng
56,026 posts
Posted by calvintaneng > 2020-07-12 22:40 | Report Abuse
Stupid Mikecyc
Bodoh Mikecyc & Bodoh 3iii
WHY NO GO ANZO OR PDZ AND WARN SORCHAI, WATER FISH, SOTONG, SARDINE & IKAN BILIS THERE!!!
Why kacau a good stock like T7 Global