pp will kill u ?? ------ Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.
Better fasten our seat belts NOT looking Good at all Mom Kanger now Kaput-ing Q BUY 5.5 sen Nearly COFFIN WB Q BUY 1 sen >> very out of money@rubbish with conversion price 50 sen
3. The Group recorded a positive net operating cash flow of RM31.3 million during the financial period under review. ------------ This cash flow thing also a good sign of a recovery story on Kanger..... Hope the company will be better managed...
Revenue increase by RM13.3 million in current financial quarter ended 31 December 2023 (“Q1 2024”) as compared to the corresponding quarter ended 31 December 2022 (“Q3 2023”) which was mainly due to significantly increase in the sales generate from trading of building materials. This segment has also contributed a higher profit margin and gives rise to gross profit recorded in Q1 2024 as compare to gross loss in Q3 2023.
PROPOSED PRIVATE PLACEMENT OF UP TO 180,306,505 NEW ORDINARY SHARES IN KANGER INTERNATIONAL BERHAD, REPRESENTING APPROXIMATELY 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF THE COMPANY ("PROPOSED PRIVATE PLACEMENT")
============= Kanger directors is back to same modus operandi Raise more fund via shares issuance to PP, ESOS (or RI in near future) Dilution of retailers shareholding equity % and EPS NOSH continue to rise
NOSH = 731,581,371
Monitor NOSH which is likely to hit BILLION shares in very near future.
============== Continue to monitor quarterly results directors plan for utilisation of company funds directors plan for more fund raising via shares issuance to PP, ESOS or asset acquisition
Same modus operandi. Raise fund by shares issuance Increase NOSH to multi billion shares Do shares consolidation Raise fund via shares issuance to rights issue Repeat above steps.
*** Be noted that I take the net profit figure from its QR1 2024 file reported, not from the summary given as I think there should be an error and could be ammended later by the company.
Note 1:
Revenue increase by RM13.3 million in current financial quarter ended 31 December 2023 (“Q1 2024”) as compared to the corresponding quarter ended 31 December 2022 (“Q3 2023”) which was mainly due to significantly increase in the sales generate from trading of building materials. This segment has also contributed a higher profit margin and gives rise to gross profit recorded in Q1 2024 as compare to gross loss in Q3 2023.
Note 2:
The Group recorded increase in revenue as compare to last quarter ended 30 September 2023. The increase was mainly due to increase in sales generated from trading of construction materials. However, the profit before taxation was lower than the preceding quarter because the Group has incurred higher operating expenses as compare to the preceeding quarter.
Note 3: Prospects
---(b) In organic frontiers of construction segment, our focus would be on and ensuring that the current projects and order book in hand are effectively and efficiently expedite and complete within the short and mid-term timeline thus translated it into revenue stream. ---(c) Whereas for inorganic growth of construction segment, our focus would be to on a look out for a suitable and viable merger or acquisition opportunities of an existing substantive player/s as a key leverage to multiply its operational size and volume so as to achieve certain economies of scale advantages. ---(d) This inorganic growth strategy is also applicable to our property and investment management segment whereby we continuously seek for a suitable and viable acquisition in strategic locations as to expand this segment’s contribution to the Group.
Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.
The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.
The reality - My reinvesting in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..
I have a plan to add some if the price is below 5.5 sen but I think the price won't revisited 3 - 3.5 sen again in the near future, especially before the completion of the proposed PP. TAYOR..
Beware of the PP DILUTION the Kaput-ing price trend speaks volume mom Kanger side ways hitting 5.5 sen son WB - the very out of money ( conversion price = 50 sen ) WB is in critical condition @ 1 sen
getting worst....! MZM & Co ? In HOT SOUP now heard already trapped in self installed BOOBY TRAP . NO EXIT - expecting him & Co TO " DIE STANDING " Pity - pergghhhh
BEHEADING is NEXT ? those trapped be prepared ...! Mom Kanger Kaput-ing @ 5.5 sen Beware Nearly Coffin WB - WB very out of money ( conversion price 50 sen )
BLOOOODY BEHEADING is NEXT ? those trapped be prepared ...! Mom Kanger Kaput-ing @ 5.5 sen Beware Nearly Coffin WB @ 1 sen - WB very out of money ( conversion price 50 sen ) Kangar Killing some of us softly
@MZM2511 and kawan, Referring to the PP announcement https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3428455 One reason for the PP is the IJOK development. I have several questions: 1. Were the purchase of the land in IJOK announced in Bursa? I could not find the announcements. (Lot 1765, Tempat Batu 28 Ijok, Mukim Ijuk, Kuala Selangor,1.2368 hectares (about 3 acres) RM 4.8mil and Lot 1766, 1.2419 hectares (about 3 acres) RM 3.7 mil) Anyone has a knowledge of land prices in IJOK? (Personally I find these land prices very high, considering they are 99 year ending 2077, about 50 years left only)
2. The GDV of the IJOK Development is RM 46mil. Construction cost RM36mil. Does this construction cost of 36 mil include the cost of land? (Hopefully yes. If not, then land cost =4.8+3.7=8.5 mil. Then total cost =36+8.5=44.5mil, i.e very low profit margin)
Would appreciate any comment. Surely hope Kanger prosper.....just want to clarify.
As specified in the company announcement, the contruction cost will be RM36 mil. I think it's not include the acquisition cost of the lands.
If we refer to the meaning of construction cost, it stated that: "Construction costs (sometimes called “hard costs”) are costs associated with the contractor and anything the contractor purchases. In other words, these are the costs of labor and materials."
Furthermore if we read the company report, it stated that: ---- the total estimated all-in construction cost for the Ijok Development is envisaged to amount to approximately RM36.00 million. The building and infrastructure works mainly comprise of 14 units of 2-storey semi-detached shop, a 2-storey office, an electrical substation (double chamber) and sewage treatment plant, with an estimated built up area of approximately 95,000 square feet. The cost amounting to approximately RM36.00 million is inclusive of incidental expenses to be incurred with the building and infrastructure works such as professional consultancy fees for project planning, submission fees to authorities, as well as contingency costs to cater for fluctuations in construction material costs, overtime costs, and/ or costs due to variation in building plan design and architectural layout, civil, structural and mechanical and electrical works.
Land = GDV – ((Construction + Fees) + Profit) 8.5 mil = 46 mil - ( (36 mil) + 1.5 mil) Yes, by theory the profit margin is too slim.
But, the GDV calculated based on current property sales price and recent transaction in the area. The construction is envisaged to commence during the first quarter of 2025 after obtaining the approved development order for the commercial components of the Lands. The project also will take times to a completion.
Hope that at the time of project completion, the said properties valuation could increase and the company can sell it with a better price and with a better margin. TAYOR
@MZM2511 Thanks for the clarification. I found the announcement for land purchase in 2020, but not 2022. I thought Bursamalaysia.com is the official channel and so all announcements should appear there?
Hmm, about the margin, still seem quite slim....the land cost 8.5 million few years back, so if we include interest, come to 9-10mil. Hopefully someone who attend the EGM can get the management to clarify about this IJOK Developments. (I do think their Genting Highlands Condo investments make good sense!)
" Beheadingg @ Kepala Potong " anytime NO Mercy Mom Kanger Kaput-ing @ 5.5 sen Beware.... Nearly Coffin WB already collapsed @ 1 sen - WB is very out of money ( conversion price 50 sen )
Last PP exercise was in 2020 at around 0.16cts…to acquire Ijok …now PP at 5.5cts to develop Ijok to develop 95,000 sq ft…got around 165,000 sq ft to develop…near Genting …need revaluation exercise to determine the actual value of Kangar in view of the current and potential development of economy…look like Kangar can surpassed 10cts this year of the Dragon..
5.5 cents is just their ilustrative price... stated in their proposal. As I said, actually it depend on management / insiders to set the PP issue price.... At below 5.5 sen, at 5.5 sen or higher than 5.5 sen. We will see it later.... TAYOR
The risks has been calculated. The nature of the company already known. My past experiences at this company been tolerated.
The reality - My reinvestment in Kanger shares and warrants was done in conscience and have a belief that it was improved and has a potential to give me a profit in a near future ..
Wait for them to goreng... Maybe the probable causes are:
1. QR announcement at the end of this month (As expected, the latest QR show us a better result), or
2. Company intention to set the price of shares for their proposed PP (for this cause, the time is nearer as the BURSA already resolved to approve the listing of and quotation for up to 180,306,505 new Kanger Shares to be issued pursuant to the Proposed Private Placement, subject to some conditions to be followed by Kanger, and the illustrative issue price of the Placement Shares is assumed at RM0.055 per Placement Share), or
Noobie123@ Hope kills. ---------- DEAD CAT bounce Told u edi about this BOOBY TRAP - but fell on many DEAF EARS PP Share Dilution is a serious painful hmmm...a short lived euphoria
The PP proposal has been approved by EGM... Later, the company will set an issue price for the PP shares.... It will depend on insiders / management of the company to set it at around 5.5 sen or higher....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MZM2511
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Posted by MZM2511 > 3 weeks ago | Report Abuse
Lee Ying Yee
pp will kill u ??
------
Not necessary... It's up to the company's insiders objectives or depend on how they want to play a game. For me the price should not fall much below than 5.5 sen... If they want the PP successfuly done. TAYOR.