There will be warrant holder meeting on 28/11 to vote on the proposed amendment to the deed poll.One of the proposal is to amend to par value is no longer legally required to be ascribed to the share capital.I think this is unfair to warrant holder,as currently share issued is 89mil & conversion price is RM 0.50.But after new share issue,total share become (89m+268m),but conversion price still remain unchanged.Based on my calculation,the conversion price should be reduce to 89/357x0.50=Rm 0.125.
Currently ml global share issued is 89mil Assume revenue per year is 89mil & profit is 10%,then earning is 8.9mil Based 10PE 8.9mil x 10PE/ 89mil(share issued)=Rm 1
If LBS award 89mil contract to ml global,it worth RM 1
After acquisition Total share become (89+268+180)m LBS need to award 537mil contract to ml global,then it only worth Rm 1
Estimate LBS revenue is 1bil,50% is construction cost,75% of the project award to ml global 1 bil x 50% x 75%=375mil 375m x 10%/537m=Rm 0.70
Cornered stock. Self-punctured. So it's a self-correction. Then onward march to cross 1.00 Opportunity to collect again. Shareholders in control of price.
LBS good then MLGLOBAL also good. the boss has good relationship with government and China government . I believe it will announce successful bid of government construction project soon. A big construction company in making
On the construction front, the Group has achieved revenue of RM87.89 million in the year 2016. Following the completion of the acquisition of MITCE, with the combined construction contracts on hand, the Board expects the construction division will be the main driver of the revenue and improve the financial performance of the Group in the coming financial year. With the combined resources, the enlarged group is now equipped with more advanced machineries and skilled manpower that provide better access to larger scale of business opportunities and provide the Group with the ability and platform to tender for larger scale of external construction works. This in turn is anticipated to continue replenish the Group’s order book and generate earnings.
Premised on the above, the Group is optimistic of its business performance moving forward and thus is confident of achieving greater results in its financial performance for the financial year ending 31 December 2017.
gohky you smart investor. Next TP 1.50 stock cornered and tightly held. Major shareholders pledge shares and only one objective. Push the price above 2.00
current outstanding order book to about RM2.08bil....very impressive.Assuming 600mil-700mil per year of revenue, they will be busy for 3 years not inclusive of future orders....Kerjaya V2,0 in making
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skyea
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Posted by skyea > 2016-09-14 20:17 | Report Abuse
ML Global said the proposed acquisition would see its order book increase from RM80mil to approximately RM1.60bil.
Mlglobal is a totally different monster now. it needs to be rerated.