Posted by Best 168 > 2014-07-24 15:35 | Report Abuse

strong at 0.595 and 0.6 now

Posted by Best 168 > 2014-07-24 15:36 | Report Abuse

will test 0.67 today.
buy buy buy

Posted by henchris > 2014-07-24 15:38 | Report Abuse

Hi everyone, I just joined in today. Am keen to get some tips. please include me in so can make some bucks hopefully.

Posted by ccdev > 2014-07-24 15:51 | Report Abuse

looks like the TO story is true. this is only 2nd round. Go!!!

Posted by BURSAMASTER > 2014-07-25 05:19 | Report Abuse

rise unabated...but should take profit for now

Posted by Best 168 > 2014-07-25 09:44 | Report Abuse

Now come up up up
buy buy 0.67

Posted by Best 168 > 2014-07-25 09:48 | Report Abuse

good over 0.6
will test 0.67

Posted by navi > 2014-07-25 09:52 | Report Abuse

no more take profit....its in profit let it run to .66

Posted by Best 168 > 2014-07-25 10:35 | Report Abuse

yes.

Posted by InvestMrZ > 2014-07-25 10:36 | Report Abuse

how low it can go? should i buy now?

Posted by KIMI06 > 2014-07-25 10:48 | Report Abuse

better take your profit now...

Posted by tssl74 > 2014-07-25 16:45 | Report Abuse

Bursamaster & Kimi06...you all reckon should take profit now?

Posted by navi > 2014-07-25 23:59 | Report Abuse

Still can go...new high everyday

Posted by opiq > 2014-07-26 13:33 | Report Abuse

time to pullback la

Posted by mysterious99 > 2014-07-31 11:59 | Report Abuse

well supported.... next round coming... $$$$

Posted by InvestMrZ > 2014-07-31 12:01 | Report Abuse

should I average up?

Posted by mysterious99 > 2014-07-31 12:09 | Report Abuse

0.57 seems like a good support... ca try ur luck at that price

Posted by Saif Bahar > 2014-07-31 16:08 | Report Abuse

next tp 0.62

Posted by godbless88 > 2014-08-01 15:54 | Report Abuse

Just #keep calm and wait for now. The support is still strong.

Posted by roguetrader > 2014-08-04 12:18 | Report Abuse

entry level 0.585. if 0.62 breached, it will fly.

Posted by Saif Bahar > 2014-08-04 12:25 | Report Abuse

From .565 to .615 OK lah, blh cover raya

Posted by godbless88 > 2014-08-04 12:47 | Report Abuse

Told ya, just have faith.

Posted by cakarayam > 2014-08-04 16:59 | Report Abuse

:D hiihihihhihihihihihihi

Posted by BURSAMASTER > 2014-08-05 01:14 | Report Abuse

I FORESEE THIS WEEK TO TOUCH 0.70

Posted by godbless88 > 2014-08-05 04:49 | Report Abuse

@Bursamaster you sure? why do you think so?

Posted by tssl74 > 2014-08-05 09:19 | Report Abuse

Bursamaster!!
Long time never hear fr you ^.^.
Thanks for your sharing.

Posted by BURSAMASTER > 2014-08-05 12:56 | Report Abuse

If ijacobs can breach 0.64 , then next level will be 0.70 by this week. 3 mth tp 1.00

Posted by tssl74 > 2014-08-05 15:57 | Report Abuse

now around 0.64-0.645.
hope it will sustain.

Posted by godbless88 > 2014-08-05 17:55 | Report Abuse

@bursa - I see, thanks for sharing.

Posted by Bentoji25 > 2014-08-05 18:20 | Report Abuse

Breaking previous high... Beyond 0.70???

Posted by BURSAMASTER > 2014-08-06 01:41 | Report Abuse

UPTREND TO CONTINUE

Posted by BURSAMASTER > 2014-08-06 10:54 | Report Abuse

GREAT SHOWINGS BY IJACOBS...MY TP OF 0.70 BY FRIDAY SEEMS TO COME EARLIER. HEARD NEXT WEEK WLL BE A MAJOR ANNOUNCEMENT. NEXT WEEK TP 0.90

Posted by tssl74 > 2014-08-06 11:54 | Report Abuse

Arigato Bursa..

Posted by systane > 2014-08-06 12:21 | Report Abuse

UMA...

Posted by BURSAMASTER > 2014-08-06 12:28 | Report Abuse

Listing Circulars (201408065100012)
COMPANY NAME IDEAL JACOBS (M) CORPORATION B
Stock Code / Short Name 0162 / IJACOBS
Date & Time Announce 06/08/2014 12:20:00 PM
Subject IJACOBS-Unusual MARKET Activity ("UMA") query by Bursa Securities

Content
LISTING'S CIRCULAR NO. L/Q : 71202 OF 2014
Bursa Malaysia Securities Berhad has on 6 August 2014 issued an UMA query on
IJACOBS for the recent rise in price and volume of the Company¿s SHARES.
In this respect, INVESTORS are advised to take note of the Company¿s reply to
the above UMA query which will be posted at Bursa Malaysia¿s website under the
company announcements,
http://www.bursamalaysia.com/market/listed-companies/company-announcements/
when making their investment decision.
The contents of the UMA query is as follows:-
We draw your attention to the recent rise in price and volume of your Company¿s
shares ("TRADING activity").
In light of the above and in order for investors to be able to make informed
investment decisions, you are requested to respond, after making due enquiry
with your directors, major shareholders and such other relevant persons, to
the following queries immediately for public release in accordance with Rule
9.11 of ACE Market LISTING REQUIREMENTS ("LR"):-
1. whether there is any CORPORATE DEVELOPMENT relating to your Group¿s
BUSINESS and affairs that has not been previously announced that may account
for the trading activity including those in the stage of
negotiation/discussion. If yes, kindly provide the details including status of
the corporate development to enable investors to make informed investment
decision;
2. whether there is any rumour or report concerning the business and
affairs of the Group that may account for the trading activity and in this
respect, you are required to comply with Rules 9.09 and 9.10 of the LR;
3. whether you are aware of any other possible explanation to account
for the trading activity; and
4. whether you are in compliance with the LR, in particular Rule 9.03 of
the LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board
of Directors of the Company and the announcement must reach Bursa Securities
immediately via Bursa LINK.

Posted by moneygrabber > 2014-08-06 15:07 | Report Abuse

UMA has seen a flurry of skittish investors in the second session

Posted by cariayam > 2014-08-06 17:11 | Report Abuse

koyakkkkkkkk

Posted by Bentoji25 > 2014-08-06 17:54 | Report Abuse

I think it is still ok to hold... let's see what happens tmr... aim 0.70 as per Bursamaster...

Posted by BURSAMASTER > 2014-08-07 08:06 | Report Abuse

Tuesday, June 17, 2014

Interesting Oil & Gas RTO On Ideal Jacobs


Not all oil & gas RTO are equal, we know of the huge surge in Barakah, and the moderate gains in PDZ. Barakah had a fantastic run because of the people behind the company coming in and the new projects which they won. PDZ was slower because the buyer was not as "strongly connected" and the fact that there is still a huge number of outstanding shares of PDZ out in the open.PDZ new owner bought a controlling stake but has yet to announce any asset injection, hence the flattish performance.

So where does the Ideal Jacobs RTO rate?

HEADS OF AGREEMENT IN RELATION TO THE PROPOSED
REVERSE TAKE-OVER OF IJACOBS BY CEKAP TECHNICAL
SERVICES SDN BHD (“CTSSB”) AND MECIP GLOBAL
ENGINEERS SDN BHD (“MECIP”)

The proposal is to acquire Cekap Technical Services and Mecip Global Engineers via an issuance of new Ideal Jacobs shares @ 25 sen. Fair enough. For this deal, we already know which company/asset will be injected, hence easier to survey their prospects.

The vendors of CTSSB are Md Nazir Bin Md Kassim and Sofiyan Bin Yahya. The vendors of MECIP are Ahmad Nazari Bin Ashari, Mohd Nor Bin Abd Basar, AliShastry @ Haslan Bin Husain.

What is positive is also a management buyout of the existing operations of Ideal Jacobs by its current owners (Andrew Jacobs and Ben Meng), which is to say Ideal Jacobs will be a "clean company", and if you examine their balance sheet, its pretty clean already. This allows for the RTO asset to be valued accordingly without any baggage or legacy issues.

Cekap Technical Services Sdn Bhd
Formed in 1994, Cekap Technical Services Sdn Bhd has established a niche as a provider of integrated technical services especially in project management and integrated project services including project management, project support, safety consultancy, environment consultancy, G&G services, ICT and integrated operations. The company has an excellent safety record of zero LTI since it began operations. Currently the company has more than 400 staff across its operations. The company has successfully served all the oil & gas operators and major players in Malaysia and has established a track record in the region, including Brunei and Philippines. The company has also expanded into the Middle East, especially UAE and Iraq, and Far East in Korea and Japan. The company has offices in Kuala Lumpur, Kerteh, Pasir Gudang, Dubai and Brunei.

So how much more can we assess the RTO if we do not know the valuation of the two companies? Thats a fair question since its only a Heads of Agreement but we can easily spot the key driver of the deal in one of the vendor, Sofiyan bin Yahya. He is a BSD in oil & gas if you are in Malaysia's oil & gas industry.

Sofiyan Yahya
President (April 2008 – April 2014), Malaysian Oil & Gas Services Council
The Malaysian Oil & Gas Services Council or MOGSC is the most proactive non-profit organisation or NGO representing the interests of the service providers in the Malaysian oil & gas industry. Key missions are to promote Malaysia as the regional hub for oil & gas services, and showcase the capabilities of the Malaysian oil & gas services sector. MOGSC collaborates with all the industry stakeholders. MOGSC has working groups and task force committees addressing various industry interests and issues, and regional chapters to promote local players in the specific active regions.

Back to Cekap, it is licensed by Petronas (L-295213-P). Some of the key projects they have completed:
- Malampaya debottlenecking project (Philippines)
- Petronas' Integrated Operations Collaboration Center
- Central Luconia rejuvenation project (Sarawak)

Barring any nasty surprises in terms of valuation, the prospects for this RTO is pretty good. You are only as good as the driver behind the vehicle, in particular when you are talking about doing well in the oil & gas industry in Malaysia. Hence this deal is closer to Barakah in terms of attractiveness than say PDZ.


Posted by Salvador Dali at 12:32 AM 1 comment:
Labels: Cekap Technical services, Ideal Jacobs, Mecip Global Engineers, Sofiyan Yahya

Posted by moneygrabber > 2014-08-07 12:46 | Report Abuse

hmmm. investors are on edge ..... need to keep the faith

Posted by tssl74 > 2014-08-07 15:07 | Report Abuse

Bursamaster, i guess you wld hold on to it rite

Posted by Lucas Chan > 2014-08-07 20:27 | Report Abuse

What tp ??

Posted by tssl74 > 2014-08-08 10:01 | Report Abuse

wah...mostly red.

Posted by godbless88 > 2014-08-08 12:44 | Report Abuse

Nothing much we can say about this, it's a global thing. Can only #keep calm #have faith and wait for now.

http://www.theedgemalaysia.com/business-news/301879-global-markets-asian-shares-skid-as-obama-confirms-air-strikes-on-iraq.html

Posted by BURSAMASTER > 2014-08-11 16:38 | Report Abuse

This week should break 0.80. Heard there will be a major announcement of some big O & G project

Posted by BURSAMASTER > 2014-08-11 16:42 | Report Abuse

Tmrw should jump start. Dow futures is positive now

Posted by tssl74 > 2014-08-11 16:43 | Report Abuse

thnks BursaM for the update^.^

Posted by godbless88 > 2014-08-11 17:32 | Report Abuse

thanks bursa for sharing

Posted by chinhoe > 2014-08-12 10:38 | Report Abuse

BURSAMASTER , can I have your contact number ?

Posted by Saif Bahar > 2014-08-12 13:56 | Report Abuse

Bursamaster what's ur tp this time,tq