Posted by speakup > 2014-05-08 15:16 | Report Abuse

why OCBC buy so much Salcon? Something they know we dont know?

Posted by stteck > 2014-05-08 16:34 | Report Abuse

Some info. obtained from Linked-in re. volksbahn-technologies-sdn-bhd-

https://www.linkedin.com/company/volksbahn-technologies-sdn-bhd-

Posted by stteck > 2014-05-08 16:37 | Report Abuse

Total 23.5 million acquired 200,001 shares @ RM1 par value......117.5 per share???

Posted by Taka > 2014-05-09 09:49 | Report Abuse

Somone tickling salcon.

Posted by thinkstodo > 2014-05-09 11:17 | Report Abuse

Collect from 0.72 M . exercise wa . Throw . Profit . Wow .

Posted by chipster1234 > 2014-05-09 13:18 | Report Abuse

taka: I hope they tickle more :P

Posted by sheep > 2014-05-09 13:27 | Report Abuse

sell on strength

Posted by thinkstodo > 2014-05-09 14:13 | Report Abuse

Que on 0.735 no regret

Posted by chipster1234 > 2014-05-09 16:16 | Report Abuse

LAI LIAO

Posted by thinkstodo > 2014-05-09 19:52 | Report Abuse

See que on 0.735 no point pushing. My opinion only. Thanks for those who push

Posted by sheep > 2014-05-09 20:32 | Report Abuse

if salcon pushed up to 0.90. my holdings will be zero. thank you...thank you..

Posted by stteck > 2014-05-11 10:55 | Report Abuse

According to the report, the deadlock could result in the state government freezing the remaining development orders for the Langat 2 WTP. Nevertheless, works had started for Langat 2 last week with 16 development orders approved.


Water Sector - Disagreement over HoA terms NEUTRAL
Author: kiasutrader | Publish date: Fri, 9 May 10:20



--------------------------------------------------------------------------------

- The Edge Financial Daily reported today that the Federal and state governments are disagreeable on certain terms in the draft of the Heads of Agreement (HoA).

- According to sources quoted in the story, one of the key issues that both governments cannot agree on is the operation & maintenance (O&M) concession for the water treatment plants (WTPs).

- It is understood that there has been “strong lobbying” for the O&M concessions to be granted to the existing concessionaires, namely Puncak Niaga Sdn Bhd and SPLASH. However, the state government is also eyeing the O&M concessions to be held via its investment arm, Kumpulan Darul Ehsan Sdn Bhd (KDEB).

- According to the report, the deadlock could result in the state government freezing the remaining development orders for the Langat 2 WTP. Nevertheless, works had started for Langat 2 last week with 16 development orders approved.

- Recall that a consortium comprising Salcon Bhd, MMC Corp Bhd and Ahmad Zaki Resources Bhd was awarded a RM993.8mil contract last month to build the Langat 2 WTP and water reticulation system phase 1.

- There is a possibility of the current concessionaires being awarded the O&M licences. Under the Water Services Industry Act 2006 (WASIA), the Federal government has the right to appoint the O&M concessionaire.

- Note that following the water restructuring exercise in Johor, SAJ Holdings (a private entity) continues to manage the water distribution in Johor and is leasing the water assets from Pengurusan Aset Air Bhd (PAAB) for O&M.

- We also understand that a form of water tariff hike is also one of the key issues that are being discussed in the protracted negotiations between the two governments

- According to the report, there are another 70-80 development orders to be approved for the Langat 2 project. The HoA is expected to be signed in the near term and will outline more details on the Selangor’s water restructuring plans. Maintain NEUTRAL.

Source: AmeSecurities

Posted by thinkstodo > 2014-05-12 18:59 | Report Abuse

Que 0.735 que que que 0.735

Posted by wploun > 2014-05-14 22:46 | Report Abuse

Times to up, up, up.......?, OCBC & Great Easter continue buy more share at this lower price. How high can go ???
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1621853
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1621745

Posted by Tessa Joseph > 2014-05-14 23:55 | Report Abuse

Sigh

Posted by Taka > 2014-05-15 11:22 | Report Abuse

Wake up.

Posted by nicholasnwh90 > 2014-05-15 11:46 | Report Abuse

Finally woke up. Anyone has any news regarding whether the company wants the warrant holders to convert to mother or otherwise?

Posted by Taka > 2014-05-15 12:05 | Report Abuse

At this price, warrant holders will convert to mother shares. Reminder to Warrant Holders : Closing date 19/5/2014 5pm.

Good news is Great Eastern and OCBC is now substantial share holder. They can see the future Salcon. Haha.

Posted by wploun > 2014-05-15 12:26 | Report Abuse

Resistant at 80 cent, can break toward 85 cent.

Posted by thinkstodo > 2014-05-16 01:30 | Report Abuse

Que 0.735 huhuhuhuhu congratulations for those who bought next que 0.695 oo

Posted by sheep > 2014-05-16 01:58 | Report Abuse

still no end...to water contract..

http://www.fz.com/content/economic-council-steps-resolve-water-standoff

Posted by Redarrow81 > 2014-05-16 09:43 | Report Abuse

they still have conclude the contract, sure will hit 85cent

Posted by Taka > 2014-05-16 16:57 | Report Abuse

Support @ 78sen.

Reminder to Warrant Holders :-
Last date and time to convert to mother share = 19/5/2014 at 5.00pm.

Posted by Taka > 2014-05-16 22:08 | Report Abuse

Selangor water takeover almost over

http://www.fz.com/content/selangor-water-takeover-almost-over

Posted by speakup > 2014-05-20 07:43 | Report Abuse

Taka this Salcon has nothing to do with water takeover. Salcon is up bcoz it is the major contractor for Langat 2 project, which is worth rm1Bil today.

Posted by Taka > 2014-05-20 09:57 | Report Abuse

Thx for info. I thought the takeover will affect the Langat 2 project. A bit complex.

Posted by Bobby31 > 2014-05-20 13:39 | Report Abuse

TP 0.88 - remember 2nd phase Langat 2 not yet award waiting for the water deal to settle baru boleh award

Posted by Taka > 2014-05-20 14:44 | Report Abuse

Warrant exercise date closed yesterday. Why is it still not moving up?

Posted by Bobby31 > 2014-05-20 15:17 | Report Abuse

busy with by Election ....all the player at the War zone

Posted by min35 > 2014-05-21 11:24 | Report Abuse

aiyaaaa still tomato la

Posted by anthonykok > 2014-05-23 10:00 | Report Abuse

What happen the price keep dropping?

Posted by stteck > 2014-05-23 18:26 | Report Abuse

Quarter result - PBT -149K, PAT 31mil

Posted by stteck > 2014-05-23 18:32 | Report Abuse

SALCON BERHAD ("SALCON" OR "THE COMPANY") – PROPOSED PURCHASE BY SALCON OF ITS OWN SHARES ON BURSA MALAYSIA SECURITIES BERHAD OF UP TO TEN PER CENTUM (10%) OF ITS ISSUED AND PAID-UP SHARE CAPITAL (“PROPOSED SHARE BUY-BACK”)

Posted by Stockman > 2014-05-23 18:48 | Report Abuse

Salcon profit up

http://www.theedgemalaysia.com/mobile/article.php?id=291097

Posted by Taka > 2014-05-23 23:41 | Report Abuse

Share Buy Back is good news, NTA = 83 sen, Hope SBB will support the price.

Posted by sephiroth > 2014-05-24 12:16 | Report Abuse

Share base 610.178m shares including warrants converted to shares below

Phew...todate only 2,176,841 warrants(out of 106,022,701 outstanding warrants) converted to shares

25/3/14 2,000 shares
22/4/14 2,000 shares
07/5/14 101,500 shares
12/5/14 410,550 shares
16/5/14 568,604 shares
20/5/14 538,020 shares
23/5/14 554,167 shares


Cash RM346.956m or 56.86 sen per share vs share price 75.5 sen
Included in the cash, RM224.4m proceeds from disposal of 2 out of 6 china companies completed in Dec 2013

Borrowings RM34.356m or a puny 5.63 sen per share


Cash rich company like salcon attract big shot investor like Great Eastern

Not forgetting the disposal of the remaining 4 china companies remains on track despite extend 3 times since January 2014, Langat 2 Project, potential jv with Ecoworld and 3 sen special dividend

Posted by Taka > 2014-05-24 12:57 | Report Abuse

Thanks sephiroth for the sharing these useful information. They have lots of cash to carry out frequent share buy back and pay more special dividend.

Posted by rlch > 2014-05-24 14:58 | Report Abuse

Great Eastern selling. Salcon revenue drop a lot and suffer loss from continuing business. Beware Monday will drop.

Posted by Taka > 2014-05-26 20:44 | Report Abuse

Great Eastern still buying:-

Acquired 21/05/2014 525,600
Acquired 22/05/2014 118,400

Posted by Taka > 2014-05-26 22:22 | Report Abuse

47,032,859 warrants converted to shares.

Kindly be advised that the abovementioned Company’s additional 47,032,859 new ordinary shares of RM0.50 each arising from the aforesaid Exercise of Warrants will be granted listing and quotation with effect from 9.00 a.m.,Wednesday, 28 May 2014.

Posted by sheep > 2014-05-26 22:32 | Report Abuse

upside will be capped for awhile.

Posted by sheep > 2014-05-26 22:35 | Report Abuse

special dividend still need approval duing AGM...dont hope it to be soon.

Posted by stteck > 2014-05-28 14:55 | Report Abuse

lai liao lai liao....

Posted by Taka > 2014-05-28 15:11 | Report Abuse

Looks like happy days are here again for Salcon supporters.

Posted by sephiroth > 2014-05-28 15:15 | Report Abuse

The completion of the disposal of the remaining concession assets will be completed by Jun-2014. Upon completion, this disposal exercise will bring in total cash of RM270m net of liabilities and result in
a disposal gain of RM78m (or 13 sen/share).

http://klse.i3investor.com/files/my/ptres/res23206.pdf

Posted by sephiroth > 2014-05-28 16:58 | Report Abuse

very good closing 79

Posted by Taka > 2014-05-29 09:17 | Report Abuse

Good show

Posted by Taka > 2014-05-29 09:23 | Report Abuse

Salcon flying, can buy now.

Posted by min35 > 2014-05-29 09:24 | Report Abuse

Taka can i know wht's the TP?

Posted by sephiroth > 2014-05-29 09:25 | Report Abuse

china deal gonna be completed by end june with RM270m cash (earlier already receive 240m from disposal of 2 out of 6 china co)coming in on top of the 37.5m cash from conversion of 50m warrants to motehr share