Posted by tksw > 2016-03-10 17:22 | Report Abuse

sifu-sifu sekalian, private placement exercise nowadays need EGM approval or not?

Posted by tksw > 2016-03-10 17:27 | Report Abuse

karwai sifu, today inform you they submit the proposal to Bursa lar

Posted by yeekarwai88 > 2016-03-10 17:28 | Report Abuse

Oo.

Posted by yeekarwai88 > 2016-03-10 17:29 | Report Abuse

Today too quiet.

Posted by tksw > 2016-03-10 17:31 | Report Abuse

if got EGM you go there bombard Kok On and his dotter... jilakak why sell so cheap.

Posted by tksw > 2016-03-10 17:34 | Report Abuse

at least maintaining 230 then gif discount 10% mah... the company if sell at 188 is basically value using NTA. jilakak, no goodwill at all.

Posted by enning22 > 2016-03-10 18:05 | Report Abuse

the price of new share in private placement has not been determine yet. 1.88 is illustrative , fictional figure.

Posted by benpang > 2016-03-10 18:30 | Report Abuse

I think it was a mistake for Gadang to use 1.88 as an example in their announcement. Some people read without understanding the whole picture. They should have used $5.00 as illustration and the next day its share price will limit up a few times.

Posted by yeekarwai88 > 2016-03-10 18:33 | Report Abuse

Haha,ya.
Many people lazy read the lengthy announcement,straight see the digit.

Posted by tksw > 2016-03-10 18:34 | Report Abuse

benpang sifu, they kenot use figure plug from the sky lar. they got to use most recent share price mah.

Posted by tksw > 2016-03-10 18:35 | Report Abuse

the che-kai chinese news paper go tell people the price kenot be higher than the 10% discounted price, lagi teruk. jilakak. dunno how to translate english

Posted by alex88812 > 2016-03-10 21:50 | Report Abuse

go up then good... still paper loss.... thought can up to 2.60 before quarter result out... who knows now private placement pulak... average still 2.15... long way to go to recover my cost... =(

Posted by SuperMan 99 > 2016-03-10 22:41 | Report Abuse

hng33, please don't misread, please read carefully on my comment below. Nothing was mentioned to use YESTERDAY price.

------------------------------------------------------------------
Posted by SuperMan 99 > Mar 8, 2016 06:48 PM | Report Abuse X

There is price setting regime for Private placement, normally the price is set to have 10% discount to prior 5 days average.

If now 5 days average is RM1.90, then the share price for private placement will be lower, that's RM1.71.

See below extracted from the announcement:
-------------------------------------------------------------
2.2 Basis of determining and justification for the issue price of the Placement Shares

The Placement Shares will be issued based on a discount, if any, of not more than ten percent (10%) to the five (5)-day volume weighted average price (“VWAP”) of Gadang Shares immediately preceding the price-fixing date, to be determined by the Board after obtaining all the relevant approvals for the Proposed Private Placement. In any case, the issue price of the Placement Shares will not be lower than the par value of Gadang Shares of RM1.00 each.

Posted by SuperMan 99 > 2016-03-10 22:43 | Report Abuse

The market was overdone with the mis-understanding on the announcement. I totally agreed on what benpang said.

--------------------------------------------------------------------
Posted by benpang > Mar 10, 2016 06:30 PM | Report Abuse

I think it was a mistake for Gadang to use 1.88 as an example in their announcement. Some people read without understanding the whole picture. They should have used $5.00 as illustration and the next day its share price will limit up a few times.

Posted by SuperMan 99 > 2016-03-10 22:45 | Report Abuse

hng33 has illustrated very well on how private placement is taking place, market is obviously overdone.

--------------------------------------------------------------------
Posted by hng33 > Mar 8, 2016 08:34 PM | Report Abuse

As mention earlier, the private placement need at least few month time before it can complete.

Firstly, gadang must submit application to bursa within 1 month from yesterday, then, gadang need to wait for bursa approval for listing new share, take another 2 week.

only then, gadang can have board meeting to fixed placement share price based on 5 days average weight volume price after secure approval and can identified taker for 10% placement share,

later new share only can be listing in bursa.

The whole process take at least 2 month time

Posted by sell > 2016-03-11 05:57 | Report Abuse

Why revenue drop last QR? So is EPS sustainable or will drop?
http://klse.i3investor.com/servlets/stk/fin/9261.jsp

Posted by mudwyx > 2016-03-11 08:12 | Report Abuse

Revenue dropped but GP significantly increased as compared to Q2 last year.

Posted by tksw > 2016-03-11 10:02 | Report Abuse

sell sifu, construction industries revenue like that one mah. u dunno meh?

Posted by mamatede > 2016-03-11 10:41 | Report Abuse

Might be raising some money to bid for a project ?

Posted by hng33 > 2016-03-11 10:50 | Report Abuse

SuperMan 99

Gadang management act very SUPER FAST...so urgent ..instead of usual 1 month time, it just take few day from proposed private placement to official submit application.....alrdy yesterday submit application to bursa for approval. Based on minimum 2 week approval from bursa, and later few more days to set 5 days average weight volume price, i think gadang private placement can be complete within 1 month....limiting gadang rebound potential now

Posted by tksw > 2016-03-11 11:02 | Report Abuse

obvious suppression ler... we small fly go hibernate until the operators achieve their target

Posted by Mohd Fahmi Bin Jaes > 2016-03-11 11:04 | Report Abuse

someone push down again

Posted by Mohd Fahmi Bin Jaes > 2016-03-11 11:24 | Report Abuse

not interested

Posted by ragesliew > 2016-03-11 12:16 | Report Abuse

Stop buying first ?

Posted by michaelwong > 2016-03-11 12:41 | Report Abuse

Likely to go lower .

Posted by pampers > 2016-03-11 13:11 | Report Abuse

Price will be hovering at around 1.8-2.0, until the PP process is done. I have seen too many PP case ,where the stock price would stay stagnant for a while. But once the PP is done, price will shoot up faster than you will expect, provided the stock has a bright future.
So please take your time to accumulate, no hurry.

Posted by iamnotafox > 2016-03-11 14:37 | Report Abuse

Thanks for your useful info, pampers

Posted by SuperMan 99 > 2016-03-11 16:47 | Report Abuse

Thanks for sharing, hng33.

Posted by 2721 > 2016-03-11 18:56 | Report Abuse

thx hng33 & superman, such a nice sharing for me to sai lang tis counter

Posted by tksw > 2016-03-11 19:53 | Report Abuse

still wanna sai-lang meh? 2721 sifu? not scared arr?

Posted by force > 2016-03-11 20:17 | Report Abuse

Time to buy la tksw

Posted by yeekarwai88 > 2016-03-11 20:21 | Report Abuse

PE 5 still dont want buy,when to buy?

Posted by alex88812 > 2016-03-11 22:54 | Report Abuse

if i have more capital, i also buy more....

Posted by 2721 > 2016-03-11 23:07 | Report Abuse

last time earn angpao fr gadang,must invest back geh,somemore CEO so confident, y we nid to scare,hahaha

Posted by noobnnew > 2016-03-14 09:22 | Report Abuse

no more hype for this counter? Why so quiet today?

Posted by lzz88 > 2016-03-14 09:39 | Report Abuse

http://klse.i3investor.com/blogs/sinchew_company_story/92970.jsp

Posted by yeekarwai88 > 2016-03-14 09:49 | Report Abuse

zzzz.

Posted by kelvin12 > 2016-03-14 11:01 | Report Abuse

gadang is a good company, like hng said, wait for around one month, it will rebound, in the meanwhile just wait or accumulate if u hav idle money.

Posted by Momozaza > 2016-03-14 11:11 | Report Abuse

Today construction counter is doing good except Gadang. No worries I think, when Gadang rebounds, it must be a massive one

Posted by skl_81 > 2016-03-14 11:21 | Report Abuse

What reasons for sell gadang???

Posted by Mohd Fahmi Bin Jaes > 2016-03-14 11:21 | Report Abuse

private placement

Posted by yeekarwai88 > 2016-03-14 11:25 | Report Abuse

no support.

Posted by noobnnew > 2016-03-14 11:25 | Report Abuse

Gadang sleep but Gkent wake up already. Lol

Posted by izzatzain > 2016-03-14 11:32 | Report Abuse

Gadang sleeping like a baby..wants a private place...

Posted by skl_81 > 2016-03-14 11:32 | Report Abuse

Bcoz private placement sell ???

Posted by Jackson Quan > 2016-03-14 11:46 | Report Abuse

I believe so, many are sell on rumors buy on facts now days.

Posted by Alfred Aun > 2016-03-14 11:49 | Report Abuse

It will drop below 1.90 soon.

Posted by nottycat > 2016-03-14 11:55 | Report Abuse

I hope gadang dont sleep until become coma..lol. anyway, just continue to accumulate all the way when price is right and if no changes to the fundamentals and the outlook remains positive. Maybe when we sell in 12 mths time, we have enough profit to buy bungalow d :)

Posted by lux88 > 2016-03-14 14:17 | Report Abuse

My broker from insider news told placement is very likely around RM1.8, so still got downside risk for Gadang.

Posted by tksw > 2016-03-14 15:12 | Report Abuse

190 discount 10% is about 180 ler