Posted by brightsmart > 2017-09-20 09:24 | Report Abuse

90 sen.........hahahaha.

Posted by nich0las > 2017-09-20 09:26 | Report Abuse

sell sell sell!!!!! Seller come again!!!!!

Posted by Alvin Low Kin Weng > 2017-09-20 09:26 | Report Abuse

The Private Placement have floor price RM0.90. No matter how... The lowest PP price at RM0.90.
Please don't create chaos if you don't know anything.

Posted by goreng_kaki > 2017-09-20 09:32 | Report Abuse

luckily yersterday bought in @0.85

Posted by dompeilee > 2017-09-20 09:35 | Report Abuse

StockLover81 - I agree! A lot of unscrupulous M'sians try to get a leg up in life with these dishonest means...

Posted by pakatan_harapan2 > 2017-09-20 09:37 | Report Abuse

Agree with KYY Pakatan is better than BN. BN must die.

Posted by Ymchan > 2017-09-20 09:39 | Report Abuse

@Alvin Low, in this case PP share cannot sell below 0.90. This is the reason why the share price pressed down to 0.90. Good strategy. But anyhow the floor price can be revised

Posted by Dex Ter > 2017-09-20 09:42 | Report Abuse

Those cut loss yesterday sure feel sad

Posted by Ymchan > 2017-09-20 09:52 | Report Abuse

We hope floor price may not be revised. If they do that, price will keep going down and not much money being collected thru PP

Posted by djibaok > 2017-09-20 09:53 | Report Abuse

HerbertChua is one funny f@+k !!

Posted by cpng > 2017-09-20 09:57 | Report Abuse

钱庄老板找强盗，合作打枪路人，强盗直接抢钱庄比较省事。

Posted by beach relaxing mode > 2017-09-20 09:58 | Report Abuse

I start to love this thread...

can I join?

Posted by cpng > 2017-09-20 10:02 | Report Abuse

强盗要打抢千千万万个路人，耗时费力，钱庄老板只有一个人，而且满大街钞票。

你们是强盗，要抢谁？

Posted by pOdIuM > 2017-09-20 10:06 | Report Abuse

hi duit

Posted by cpng > 2017-09-20 10:16 | Report Abuse

Floor Price : RM0.90. The Floor Price for the purposes of the Subscription

Agreement may be adjusted to a price not lower than 50% of
RM0.90 from time to time during the term of this Agreement
by Eversendai serving onto the Investor a prior written notice
of not less than 3 Trading Days indicating the revised Floor
Price. The revised Floor Price shall take effect on the third
(3rd) Trading Day after the Investor’s receipt of such notice,
or such later date as may be indicated in Eversendai’s notice.
For the avoidance of doubt, adjusting the Floor Price to a
price lower than 50% of RM0.90 shall require the mutual
agreement of the Parties.

Subscription Expiry Date : The Subscription Agreement will expire 12 months from the date on which the conditions precedent are satisfied.

Posted by cpng > 2017-09-20 10:16 | Report Abuse

Can adjust easily upon request.

Posted by HerbertChua > 2017-09-20 10:18 | Report Abuse

cpng is an intelligent investor. the floor price is RM0.45 (50% of RM0.90). not RM0.90. All below average investors here have been duped again and again and again.

Posted by HerbertChua > 2017-09-20 10:19 | Report Abuse

Alvin Low Kin Weng must talk with fact and figures.

Not spread lies.

Thank you.

Chua

Posted by ESPESP > 2017-09-20 10:37 | Report Abuse

Someone purposely lower down to below 90 cent..
and then stuck there?

Posted by tehka > 2017-09-20 10:39 | Report Abuse

No lar. . Seems someone purposely push up above 90 cent.. then run out of bullet?

Posted by TrippleZ > 2017-09-20 10:57 | Report Abuse

Nope. Short sellers buying back to exit. Later short again.

Posted by nich0las > 2017-09-20 11:14 | Report Abuse

Earn little oso enough la, sell b4 drop back to 0.85. seller come again. dont step in this trap. save yrself!

Posted by apolloang > 2017-09-20 11:31 | Report Abuse

musangking tell u like this make not enough pay ur medical bills.....haha

Posted by apolloang > 2017-09-20 11:34 | Report Abuse

buy sell buy sell,now sell later so stupid up again buy again? in the end remisiers kaya not u. better hold and make more

Posted by Traderx > 2017-09-20 11:38 | Report Abuse

sendai, roller coaster, ytd dropped more than 10 bits today climb back up.

Posted by apolloang > 2017-09-20 11:40 | Report Abuse

hold until the storm fade.....hehe. buy cheap one no worry can hold. if buy expensive one dare not hold

Posted by Traderx > 2017-09-20 11:44 | Report Abuse

wait for another 5 days avg.

Posted by Dex Ter > 2017-09-20 11:57 | Report Abuse

apolloang
buy sell buy sell,now sell later so stupid up again buy again? in the end remisiers kaya not u. better hold and make more

Haha i agree with this statement

Posted by pakatan_harapan2 > 2017-09-20 11:59 | Report Abuse

Hidup Pakatan. Hidup Dr Mahathir. KYY i3 super investor asks so.

Posted by fakhrul3379 > 2017-09-20 12:22 | Report Abuse

http://imageshack.com/a/img922/6200/9Ek6y3.jpg

Posted by dompeilee > 2017-09-20 13:20 | Report Abuse

"Thank you.

Mr. Ooi"

"Thank you.

Chua"

Can anyone spot any similarity lol

Posted by dompeilee > 2017-09-20 13:25 | Report Abuse

Ya lor...Learn from apolloang...Sold Huaan @ 23c, went to 27c in short order. Now wanna buy back @ 23.5 also susah LOL

Posted by pakatan_harapan2 > 2017-09-20 14:28 | Report Abuse

Agree with KYY on politics. BN must be sent die.

Posted by pakatan_harapan2 > 2017-09-20 14:47 | Report Abuse

Under BN before listing all stocks are good. After listing will say US stocks not Bursa stocks good.

Posted by hoh13 > 2017-09-20 15:04 | Report Abuse

no power rebound...

Posted by huikamcheong > 2017-09-20 15:05 | Report Abuse

Tan Sri keep PP how the share go up. Just bcos of poor management. No ppl can help now.

Posted by huikamcheong > 2017-09-20 15:52 | Report Abuse

Poor fundamental stock cannot rebound.. Every week there is 1.000.000 shares in the market under PP

Posted by tehka > 2017-09-20 15:52 | Report Abuse

This Sendai only have power first 30 min of the day

Posted by windcloud > 2017-09-20 16:42 | Report Abuse

Buy .......................

Posted by ccmeow > 2017-09-20 17:40 | Report Abuse

Bought 100 lots @ 0.88.hope tomorrow will go up . Hope can make a bit of beer money.Cheers!

Posted by tehka > 2017-09-20 17:55 | Report Abuse

Hello.. just a reminder to everyone to drink 2 glasses of water everyday and eat half a pineapple daily if you want to live longer...

Posted by Ymchan > 2017-09-20 18:15 | Report Abuse

@ccmeow, share price will not go up above 0.90 coz PP share can dispose after exceeding floor price@0.90. Btw, i guess share market is going to crash very soon due to politic instability. Fund start switching to oil and gas sector today...

Posted by windcloud > 2017-09-20 18:19 | Report Abuse

I had different view i dont think pp sharholder want to earn peanut margin or cut losses below 90 cents .... at least share price will go above 1 to 1.20 level. Tomorrow pp share listing ..... next few days price will up to 1 dollar first.

Posted by Lim Beng Teik > 2017-09-20 19:54 | Report Abuse

tmr another 1m share to testing the market

Posted by windcloud > 2017-09-20 20:17 | Report Abuse

tomorrow will gap up at least 90 cents ..... Masteel also got MACQ PP .... cant explain why next few days the share will surge up .... let's see how tomorrow will perform .. Price will at least go above 1.00 ....

Just nonsense sharing.

Posted by hoh13 > 2017-09-20 20:35 | Report Abuse

Sold sendai.

Posted by greatful > 2017-09-20 20:45 | Report Abuse

What will KYY do if drop to 0.50?

Posted by tehka > 2017-09-20 21:23 | Report Abuse

Issue of 77m shares for PP translates to 10% of share dilution and it barely only started.
Meanwhile share price already declined 22%.
I do not think it can drop to 0.50.
Just my own thoughts

Posted by windcloud > 2017-09-21 01:28 | Report Abuse

Just write some comment:

Existing shareholdings before any PP - let's say 773 million
PP shareholdings - 77 million
After PP - 850 million

Profit per quarter - 23 m (using 5% profit margin, recent crude price increase and middle east business recovering may even further boost up the margin, Company also expect following quarters will do well)
Annualised profit = 23 m x 4 = 92 million

Using PE 10, price will be 92 m / 850 m x 10 = 1.08 (after PP)
Using PE 10, price will be 92 m / 773 m x 10 = 1.19

So we will expect even after PP, price will move to 1.10 level. If before PP, the price target think is around 1.20.

How about current borrowings ?

We need to exclude bills payable since this relate to customers receipts and also exclude bank overdraft since small figure. Then the main focus is term loan 579 m.

Company how to repay the loan, might use following funds:
- Cash and bank balance 150-200 m (within 4 qtrs)
- PP funds received about 70 m
- Balance 50% will be thru liftboats payment received within next qtr and any and term loan drawdown (you can refer to amount due to contract customers for liftboat and other construction project)

Estimate if need to raise fund about 70 m, PP price need to be around 0.90 - 1.10 level otherwise the PP fund received will be lesser (so far think only 5th tranche of PP), and PP investor think have at least 15%-20% margin on this, if 20% margin, price will need to go to 1.10 level.

So, think price will rebound and cross over 1.00 soon. Sendai is also O&G counter, think still missed today run .... should catch up soon .......

Buy before surge ..... last call ...................

Posted by BigPro > 2017-09-21 11:58 | Report Abuse

The above only base on theory and assumption, market sentiment is bad and this will also impact.. mean it will further drop to lower and lower...