Posted by mkmk > 2023-12-13 11:32 | Report Abuse

any positive news from AGM???

Posted by Realrich > 2023-12-13 12:07 | Report Abuse

Mkmk negative news is coming issue new share to diluted 50% of current shareholder

Posted by mkmk > 2023-12-13 12:42 | Report Abuse

wow, it is a good news then....

Posted by theyoungman > 2023-12-13 15:01 | Report Abuse

Nonsense the best of the year by RR 🤣😂

Posted by Lai Yu > 2023-12-13 19:51 | Report Abuse

Let him alone

Posted by theyoungman > 2023-12-13 20:47 | Report Abuse

Ya. He is not he. It is it.
Placement at 0.435 (10%). Wow. Straight away loss 50% ? Who want to take up that 10% placement? Haha. Joker.

The placement, to be implemented in tranches, entails the issuance of up to 269.58 million new shares, with the issue price of the first tranche fixed at 43.5 sen per share, representing a discount of 4.35 sen or 9.09% to the group's five-day volume weighted average market price up to and including Aug 29 of 47.85 sen ...30 Aug 2023

https://www.thestar.com.my/business/business-news/2023/08/30/ekovest-proposes-private-placement-to-raise-up-to-rm11727mil-for-business-expansion

Posted by trader808 > 2023-12-13 22:33 | Report Abuse

1.Ekovest soared to the recent height of 61.5sen in late September 2023. Following its announcement of a mega corporate exercise to reorganize, rationalize and mergers of sisters companies, the counter experience a drastic and enormous fall.

2. Share price has retracted sharply to bottom at 43.5sen or about 30% correction on 7/12/23 from its recent height and bounce back encouragingly following some good news on the progress of RTS and an unexpected quarterly small profit in its filing with bursa while many had anticipated a loss quarter.

3.The counter has heated up with volume and volatility and now is still struggling to form a solid base price at 45sen and above. What would happen from hereon? Let's analyse by using the numbers and facts from the proposal initiated by TSLKH.

4.The proposal has been accepted by the BOD of various concerned companies and TS now has a legally binding agreement.
5 Specifically, Ekovest will buy 70% of Credence at 1.14b and Ekovest shall issue 1.9b new shares at the consideration price of 60sen

6.Next Ekovest will buy 2 pieces of land about 15.4acre from DCM and KMSB for 310m and issues 516m new share also at the consideration price of 60sen
7. The corporate exercise would enlarge its current share capital from 2965m shares to 1900+516+2965 = 5381m

8 The market capital on the announcement day plus the assets injection would be the total value of the company.
8 So, the value per share will be the total value divided by the enlarged capital. Hence
[1719+(1140+310 ) ] / 5381 = 58.8 say 59sen

9 The market value of an assets will be valued and determined by professional valuer. Traditionally, the market will apply a discount to the assets injection.

10 For the worse case scenario when a 30% discount is applied to the injected asset, the
value per share would be [1719+(1140+310 )x 0.7 ] / 5381 = 50.8. say 51 sen

11 From hereon the company will conduct due diligence, prepares definitive agreement, submit proposal to SC and bursa for approval, prepare circular fix EGM to obtain shareholders' approval and then implementation and execution of the entire proposal.

12. This will take time and i believe share price will gradually move back to 59sen according news flow and development.
13. The excitement begins and value enhancement will take place after the completion of the reorganization, rationalization and mergers of subsidiaries companies and when all the shares or 51% of the enlarged share capital of Ekovest is in the name of TS.

14. Number one ekovest through its acquisition of Credence will hold substantial stake in IWB and IWCITY. In its filing with bursa and according to the proposal, IWH has 3250 acres of strategic land bank mainly located in the city center of Johor Bahru and IWCITY has 962 acres of land bank in Johor. The total land bank is 3250 + 962 = 4212 acres.

15. I am not a professional so i cannot figure out what is the value of 4212 acres of land. Perhaps you already knew Sunway only has 3308 acres of land and the GDV gross development value assigns to it is Rm53b. Now you do the math for Ekovest.

16. Next the 2 pieces of land acquire from DCM and KMSB in the vicinity of RTS are used for the development of TOD2 and TOD3. The RTS is a 1.98b project currently under construction by Ekovest and others. The value of TOD is currently not known but would be huge.
17. The value of Ekovest is in the Expressway DUKE1 DUKE2 and SPE.
EPF has a 40% stake in DUKE1,2 whereas SPE is 100% owned.

18. According to analyst report from UOB a month ago, the value of DUKE and SPE is 4557m and 5170m respectively on a DCF basis. Ekovest has MTN about 5.3b so in simplicity the net value of the expressway is 9727 -5300 = 4427m

19. Therefore the value per share just from the expressway alone is 4427/2965 = Rm1.49

20. This is my personal perception and opinion of the counter and the company and it is written and posted as a hobby and past times. It is intended as a basis for sharing, learning and earning together.

Happy trading
13/12/23

Posted by RISK8888 > 2023-12-13 22:48 | Report Abuse

Terima kasih trader808.

Posted by theyoungman > 2023-12-13 22:48 | Report Abuse

dear trader808, good sharing. this is the valuable sharing of knowledge and information. the best of the best salute to you dear friend trader808.
thanks.

Posted by Realrich > 2023-12-13 23:05 | Report Abuse

Risk888 ask you to come ewint you don't want see 6 cents dividend coming. Lol you wait ekovest need 3 years don't know can get 6 cents dividend or not

Posted by Realrich > 2023-12-13 23:08 | Report Abuse

Trader808 don't fool people lah if so many land bank why don't develop? Why need to issue new share to buy Danga city mall? Just develop existing land bank lah why need to diluted 50%?

Posted by Realrich > 2023-12-13 23:27 | Report Abuse

If you say iwh have 3250 acres land bank they can sale Rm 100 k per acres at least why they want to sale so cheap to ekovest? Are they stu pid? Please be noticed that they are not fully merged iwcity and iwhto ekovest. That is just buy a small portion let TSLKH to hold 51% only. After proposal done iwcity still is a seperate company trade in bursa. Please remember ownership is important don't say all is belong to ekovest.

Posted by Realrich > 2023-12-13 23:46 | Report Abuse

I can tell you if the proposal cancel and no issue new share to buy anything danga city mall or anything TSLKH personal company. Just announce launching new property project for their say existing land bank. The company share price will up and better than now issue new share to diluted and buy vacant danga city mall. Just develop current land bank lah? But I guess those land bank is rubbish. If not why 10 years didn't see iwcity launched new project? If I'm not wrong iwcity is property developer without any project lounching more than 10 years

Posted by RISK8888 > 2023-12-14 07:35 | Report Abuse

RR, the plan is to merge the group first then baru start all the project. All the land not develope because timing is not right. Now RTS is completing soon, Hot money is rushing into JB now. Big plan is going to start soon. Now price cheap cheap, don’t miss the boat. Ewint is sunseting, don’t waste time.

Posted by Realrich > 2023-12-14 08:33 | Report Abuse

Risk888 come ewint 6 cents dividend sell ekovest move to ewint and wait Feb come back after diluted 50% buy cheap price

Posted by trader808 > 2023-12-14 08:42 | Report Abuse

Youngman,
I am glad to know that you have enjoyed reading my posting.
Hope it helps.
Happy trading

Posted by RISK8888 > 2023-12-14 08:44 | Report Abuse

dont be fool, ewint is bleeding non stop, loss making business, impairment almost 100mil, all your money being burn away. dont know what the shit management is doing there.

Posted by RISK8888 > 2023-12-14 08:44 | Report Abuse

trader808, you are world class.

Posted by mkmk > 2023-12-14 08:51 | Report Abuse

he stuck ewint at high price maybe hahaha.... after dividend ex date maybe ewint below 30 sen already... maybe 25 sen... he can use his 25 sen to buy ewint, not ekovest hahhahaaha....

Posted by Realrich > 2023-12-14 08:59 | Report Abuse

I buy long time already now ewint open 0.385 lol

Posted by Realrich > 2023-12-14 09:00 | Report Abuse

I sale now already earn 3 cents lol

Posted by mkmk > 2023-12-14 09:02 | Report Abuse

lure u to buy only.... big sharks r disposing to u... u should add... y u sell.... since it is so so so good.....

Posted by mkmk > 2023-12-14 09:03 | Report Abuse

0.385 ur head la... 0.37 only highest... dropping.... hahahhaa

Posted by RISK8888 > 2023-12-14 09:11 | Report Abuse

realrich, dont talk shit la, Ewint now 0.355, no one care 6sens dividend, their management is shit!

Posted by RISK8888 > 2023-12-14 09:12 | Report Abuse

wow, ekovest is hitting up, must be tomorrow AGM got BIG BIG news coming. Let's fly Ekovest!!!

Posted by mkmk > 2023-12-14 09:14 | Report Abuse

hahaahaha..... ekovest breaks 50 cent.... limit up soon....

Posted by trader808 > 2023-12-14 09:18 | Report Abuse

RISK
May your investment prosper and portfolio flourish.
Thanks

Posted by Realrich > 2023-12-14 09:26 | Report Abuse

Risk888 iwcity property developer but never see any property project launching? Roti kosong company roti kosong group like serbadk only sale kosong. Good luck all ekovest is very difficult to earn money and declare dividends to you. Only goreng

Posted by old boy > 2023-12-14 20:06 | Report Abuse

Hi is anyone here attending agm tmr? Can update here if there is any info? Thank you

Posted by Realrich > 2023-12-15 07:00 | Report Abuse

Risk888 ekovest worse than Edwin they spent more the analysis already mention ekovest is overvalue and overspend and never return money to shareholders. Now want issue new share to eat all minority shareholder

Posted by Realrich > 2023-12-15 07:01 | Report Abuse

https://klse.i3investor.com/web/blog/detail/mswg_front_guard/2023-12-11-story-h-212518143

Posted by Realrich > 2023-12-15 09:39 | Report Abuse

Risk888 come ewint don't too late now 0.38 already faster come

Posted by fl888 > 2023-12-15 10:35 | Report Abuse

AGM starts at 10.30am........vote against all the resolutions, replace certain directors etc if price do not move up....

Posted by Realrich > 2023-12-15 11:10 | Report Abuse

fl888 can you help me ask a question why don't develop existing land bank? Why need to buy TSLKH personal company? Why need to buy danga city mall? Please ask TSLKH personal company is profit or making losses? What business they do

Posted by ExecutionTrade > 2023-12-15 12:30 | Report Abuse

But still all resolutions are voted passed 😅 we r just minority shareholders, how to compete?

Posted by Realrich > 2023-12-15 12:50 | Report Abuse

Execution trade at least ask them questions why let all of us know we don't buy TSLKH making losses company and we don't buy danga city mall. We don't want issue new share. We want develop existing land bank don't do roti kosong

Posted by theyoungman > 2023-12-15 17:52 | Report Abuse

Hihihi. Minority hardly got the say.
Majority made decisions and go.
Not terus ON bcos need to let public know this is open and subject to shareholders (majority) to agree. And, in the end, still ON. 😱😂🤣

Posted by Realrich > 2023-12-15 18:14 | Report Abuse

Any news who attended the AGM let us know if proposal everything rejected. I will buy. If proposal agreed I will wait 50% diluted at 0.23

Posted by Realrich > 2023-12-15 20:09 | Report Abuse

Omg all approved die. We sell first wait 0.23 to buy back

Posted by Realrich > 2023-12-15 21:05 | Report Abuse

But ekovest can't made profit? 3m profit is from duke 1&2 55%RTS? You invest 1 company is for profit and dividend. Expressway you didn't sale and no dividends paid to shareholders. Also no uses. After 50% new share diluted getting worse everyone share the profit. And ekovest profit so little how to share?

Posted by theyoungman > 2023-12-15 23:53 | Report Abuse

RR, if you don't like this company, please don't post anything here.

Posted by Lai Yu > 2023-12-16 00:49 | Report Abuse

Just boycott him.
Uselessness buggy

Posted by Realrich > 2023-12-16 08:05 | Report Abuse

The young I tell the truth only. I will buy 0.23 so within 3 month I will be the shareholder. If company really good I also ask people to buy such as ijm Ytl sunway etc.

Posted by theyoungman > 2023-12-16 08:26 | Report Abuse

Haha. A good joker. Then, RR, please shoot UKH leh. Lut Ukh99

Posted by trader808 > 2023-12-16 18:34 | Report Abuse

1.Ekovest is a counter designated for RSS and IDSS.

2. Last Friday on 8/12/23 the net shot position of Ekovest was 14,991,865 shares. This week the net shot position was 13,494,465. The published information and data indicated that the operators had undertaken shot covering and acquired back 1,497,400 shares.

3. The implication of shot covering endeavor by the operators of RSS and IDSS signified the price has bottom and stabilized in the immediate term. It is now forming a strong base price at 46 sen and above,

4. Notice, that even the shot sellers had turned bullish. Someday they will be taken out and share price will move upwards and sustain at elevated level.

5.Therefore in 3 months time or by 16th Mar 2024, Ekovest will not go down to 23sen. It is so ludicrous and laughable. Avoid being a clown, you will not succeed in turning the forum into a circus.

5.Instead, it could possibly add 23sen to close at 69sen when the proposal goes smoothly according to plan.

6.Hence, be bold and courageous when the Rich are coward and intimidated.

Happy Trading
16/12/23

Posted by Realrich > 2023-12-16 19:41 | Report Abuse

Trader808 do you calculate 50% diluted of issue new share? So do you mean more new share the company share price will up? If like that please everyday issue new share and no diluted. No money just issue new share to get money. Issue new share to buy uems please.

Posted by Realrich > 2023-12-16 19:44 | Report Abuse

If can please issue new share to pay dividend to us please. Money can get anytime just issue new share. Same with printed new note. More printed. More money. Money value not drop. Government can printed note everyday and all people Malaysia no need work let government printed new note to you

Posted by trader808 > 2023-12-16 23:26 | Report Abuse

1.Rich everyday you write irresponsibly and post them without facts and numbers and much less logic and intelligence. People are laughing and you still don't get it. Many had tried in vain to help and teach you. You are simply unteachable. I pity you.

2. Rich you cannot be more silly when you wrote and posted this. I copy and paste

**Any news who attended the AGM let us know if proposal everything rejected. I will buy. If proposal agreed I will wait 50% diluted at 0.23**

This is AGM annual general meeting. It deals with all the ordinary resolutions and ordinary resolution just need a simple majority which means TS alone plus a few votes from his friends is enough to make the resolutions carried and adopted.
The question of rejection does not arise.
Your question is as good as asking Realrich is your mother a woman?.

3. The AGM has nothing to do with The Proposal. It is a mega corporate exercise that requires an EGM. Your question truly reflect your ignorance and zero knowledge about Bursa listing requirement. In addition, the proposal has been accepted by the various companies and TSLKH already has a legally binding agreement.

The companies will undertake due diligence and enter into a definitive agreement. IB will submit proposal to SC. When the approval is obtained, company will prepare circular fix EGM to obtain shareholders' approval. This would be the working process.

4. Rich, your postings show that you know nothing about corporate matters. Hence, it is far better for you to remain quiet and be thought a fool than to open your mouth and remove all doubts, a famous professor would say.

5. Rich, Your now famous one line is always and invariably 50% dilution and share price would fall to 23 sen. You are a one-trick pony with only one special talent.,The proposal was announce on 27th Sept and in a few more days it would be 3 months. None of your assertion is good and it has yet to come true. Share price is as stubborn as your character. The former has not fallen much and the latter has not changed much.

6. Rich, you possess mosquito minds, shallow and small and you are incapable of understanding the rationale behind the proposal initiated by TSLKH and its ultimate objectives. You do not speak the language of business, unable to recognize value and mistaken diamond for a stone. You obviously did not read the proposal, unable to understand and much less appreciate the enormously huge effort expended to generate the master piece.

7. The proposal is to reorganize rationalize and mergers of sister companies. It is absolutely necessary and a valuable vehicle to unlock the value of land bank and to monetize the value of its great assets specifically the highway subsequently.

8.Rich you don't have and much less understand corporate minds and the working mechanism of big business. It is not rocket science and it does not take a genius to understand that Ekovest is the chosen company among the rest in which TS shall bet and place his money. It takes education and knowledge of OT and OB to appreciate the proposal.

9. Your understanding of organization theory OT is seriously lacking and you study on organization behavior OB has been acutely neglected.

Digest it
16/12/23

Posted by Ayong21 > 2023-12-17 05:19 | Report Abuse

There's no need to argue. Who make money through winning trade then he/she is the real winner and truth teller.

Posted by Realrich > 2023-12-17 07:26 | Report Abuse

1 Diluted meaning the total number of share increase but minority shareholder share on hand remain unchanged. The new issue share is pay to TSLKH and danga city mall owners only.
2. Do you know what is merge? I tell you examples uem land merge with sunrise = uems
After merge sunrise is delisted and can't trade at bursa anymore.
3. Trader808 so do you think iwcity and Knutsford will delisted soon? If yes why ekovest sell the construction sdn bhd to Knutsford? 脱裤子放屁吗？ 多此一举。finally Knutsford will merge with ekovest and delisted?
4. The proposal all done is only let TSLKH 51% holding ekovest and Iwcity Knutsford is unchanged still trade in bursa as 3 different listed company. That is not merge. Only merge with TSLKH personal company, buy DCM and sell construction sdn bhd to Knutsford.
5 if want to merge iwcity Knutsford same as uem land merge with sunrise. Ekovest need issue new share more than X5. Now only is issue double of share to let TSLKH hold 51% of ekovest.
6 effect of diluted, let say 3m profit sharing previously TSLKH hold 30%= 900k minority share holder 70%=2.1m
After diluted TSLKH hold 51%=1.53m minority shareholder sharing become lesser 49%= 1.47m.
So conclude that this proposal only benefit to TSLKH control 51% ekovest. Minority shareholder suffering the diluted. The iwcity and Knutsford remain still trade at bursa without fully merged become 1 big company. You can see the uem land and sunrise after merge sunrise is delisted