Reference is made to the Company’s announcements on 20 October 2017, 23 October 2017, 5 January 2018, 30 January 2018, 4 May 2018, 25 May 2018, 28 September 2018, 16 October 2018, 12 November 2018, 23 August 2019, 16 January 2020, 13 March 2020, 24 March 2020 and 27 March 2020 pertaining to the fire incident that occurred at its main manufacturing plant in Klang, Selangor.



The Board wishes to announce that Notion Venture Sdn Bhd, Kaiten Precision (M) Sdn Bhd and Autic Mekki Sdn Bhd, the wholly owned subsidiaries of the Company (collectively referred to as “Insureds”), has on 27 August 2020 entered into a Payment and Receipt Agreement with AXA Affin General Insurance Berhad, QBE Insurance (Malaysia) Berhad and MSIG Insurance (Malaysia) Berhad (collectively referred to as “Insurers”) for acceptance of a sum of RM12,216,549.00, being the 2nd interim payment out of the RM22,216,549.00 offered by the insurers under the Business Interruption Claims. The Insureds have further agreed to waive all interest and costs, if any, payable on the said sum of RM12,216,549.00. The said sum of RM12,216,549.00 has been received today.



However, the Board also wishes to announce that our insurance consultant had previously made a total assessment of RM53,617,144.00 under the Business Interruption Claims and the Insureds reserved the rights to challenge the difference in the amount assessed of RM31,400,595.00 to arbitration which is still on going. It is expected the arbitration is delayed by 6 to 9 months before it can be determined due to the Recovery Movement Control Order restriction conditions.



The Company will make further announcements on any material development on this matter from time to time.



This announcement is dated 9 September 2020.

Hi hengsame

Looks like I cant communicate well.

It means tomorrow it is not one price frozen at RM1.44 but freely traded at any buy sell price as long as the transaction DOES NOT exceed RM1.44 just for tomorrow. You can buy and sell say at RM1.40, 1.35. 1.21 and so on.

Thank s

Hi hengsame

Freeze means trading can be up to RM1.44 and below. The upper limit is the cap just like today after breaching Limits up .

The freeze is NOT for two consecutive days but 1 day ie 5 Aug 2020

The two consecutive trading days refer to the limits up of two consecutive days.

Freezing of Upper Limit for NOTION (0083), NOTION-WC (0083WC), HLT (0188), HLT-WA (0188WA) & ESCERAM (0100) - 5 August 2020
Please be informed that the Upper Limit Price of the following counters will be maintained as below in accordance to the Rules of Bursa Malaysia Securities, Chapter 8.13 (5) TRADING and Trading Manual Chapter 4, Reference Price And Price Limits (4.3) Freezing of Price, due to the counter trading at Static Limit Up prices for two (2) consecutive trading days:



Stock Short Name/Code Upper limit

1. NOTION (0083) RM 1.44

2. NOTION-WC (0083WC) RM 1.12

3. HLT (0188) RM 2.45

4. HLT-WA (0188WA) RM 1.72

5. ESCERAM (0100) RM 1.40

We checked with Bursa officer this evening, the freeze is applicable for 5 August 2020 only 1 day.

After which it will be traded normally from Thursday 6 Aug 2020

Sorry checked another source, it seems on 3rd day after 2 days limit up, Bursa allows trading but cap at RM1.44

So its an uncertainty at this moment.

Hi

Checked and it seems if 2nd day limit up, all trades resume on following day but UMA query will likely be requested by Bursa from company.

Please invest responsibly with due diligence and knowledge of the risks as caveat emptor applies. Be level headed please.

Am preparing answer to Bursa.

1. https://www.theatlantic.com/health/archive/2020/05/pandemic-masks-face-shields/611971/

2. https://www.bbc.com/future/article/20200504-coronavirus-what-is-the-best-kind-of-face-mask?ocid=ww.social.link.facebook

3. https://www.nst.com.my/world/world/2020/06/600141/study-masks-can-reduce-covid-19-spread-40pct

Hi Hopeful

Due to the sharp depressed price of Notion and if we do now it may be viewed as a penny stock. We have 6 months time from end Feb the date we had obtained approval from Bursa on the BI. Please bear with us. At the right time we will do.

TQ

Hi good evening

We are live streaming at https://www.facebook.com/equitiestracker/
tonight at 8pm live from our homes in a panel of 4. Equities Tracker is a value investor educational co.

You can follow and ask Questions. Its 1 hour. Thank you.

Sorry that s my last reply til I have more to share. TQ

I cant disclose at what price we will do share buyback otherwise the operators will know how to trade against us.

NTA is RM1.20 a share. Our properties are worth before this "crash", about RM170 mil which is about the current market cap at 56 sen. Our CNCs are largely fairly new and worth more than RM200 mil. Our business customers. Our human assets . All not considered.

Investors tend to over react on the down trend and up trend. Always over shooting is common because Fear and Greed are impossible to control.

I leave it to the market to decide. But at the right time, our buyback will be as a last resort.

Hi Tete7893

Activating ShareBuyback does not mean I have bought Notion shares. We needed to do the paperwork in order to be able to execute.

This program is only for stabilising any drastic action when its below a value I feel is necessary.

Cash is king you are right. We cant be buying without limit.

Thank you

Dear Investors,

1. I removed the postings as I was worried it may be promotional and gave false hope and invest at the wrong time as these are Unprecedented times. The market selldown was savage due to the crude oil price war, selldown on Wall Street and major concerns from the Covid-19 pandemic and of course our local political changes created more uncertainty.

2. There was PURE PANIC from across the board and even if I were to advise, nobody will listen.

3. I had to attend to AGM last Tuesday, and the lockdown effects on our operations and application to MITI to get approval for partial 50% operations as we are part of the E&E supply chain.

4. We have to come up with a plan with a much reduced demand due to the escalating viral cases in Europe and USA and other parts of the world. The only bright side is China has stabilised and recovering fast and the restoration of supply chain is assured.

5. I think we have to assume the damage to businesses and the markets is bad and every country is fighting the virus by shutting its borders and limiting movements. These conditions may last more than 6 months.

6. The HDD sector should be least affected. Camera and Auto segments we must assume 50% reduction for this period. Although we have not seen sharp reduction in POs but it should be expected as our customers and their customers feel the effects of the slowdown. The aluminium tubing is still a major focus in EMS and most of the demand is intact. But lets assume some slight reduction. The expansion of 2 additional lines for the tubing is still on and expected ready by June 2020. We are optimistic it will bear much fruit as its a localisation of supply from China.

7. We have a strategy to see us through this period. It is already activated but I dont want to give you false expectations as its early days. Closer to May we will have it up and running and should impact the financials of the group.

8. The BIL insurance claim we have employed legal counsel to get the RM12.2 mil from insurer who chose to leave it to the Arbitration panel and this process is on going. We are fighting for extra RM31 mil from that offered by insurers. This will take 6 to 9 months to complete and we are reasonably confident of some extra here. We have engaged Queens Counsels and budgeted for it.

9. Our cash flow is healthy and still have more than RM60 mil in the kitty. We wont belly up.

Finally as for the Share Buyback we have just activated last Friday. My advice is dont panic. At these levels it is back to 2017 pre-fire prices but also on the demand side its uncertain for some time in metal business. Be patient management has seen the company through 2 recessions, flood, fire, forex losses and many challenges and we need some patience and time to survive well and be positioned for growth after this pandemic.

Good fortune. Stay healthy and safe.

Thank you

Dear Fattmoney

Simpler to apply corporate tax 25% to the RM12.2 mil BIL claim and its after tax contribution is RM9.1 mil and deduct it from the RM14,2 mil PAT.

The way you compute is right but you have neglected contribution from Other Operating Income such as aluminium scrap sales and equipment rental income arising from using equipment from our Jigs & Fixtures department (a cost centre) for the EMS business. Hope it helps

Thank you for your query.

With the caveat that Covid-19 disruption is not too long ya?

We have many institutional interests in the stock. Will be presenting in Penang in a seminar on 14 March and also at our AGM on 17 March 2020.

Stingray s contribution of RM10 to 12 mil sales is per MONTH.

Q1 results PAT RM14.2 mil can be broken down into:

1) Insurance BIL claim RM9 mil after tax

2) Operations RM5.2 mil after tax

We still picked up relocation costs in Oct and Nov. The EMS could be better.

Project Nixon (EMS codename) we need 600k pieces of aluminium tubing for vacuum cleaners worth RM4.5 mil sales per month from June 2020 onwards. We need RM6 mil capex to build anodising line and extrusion lines.

Many other projects coming onstreamline in H2.

Project Stingray (Extrusion solutions codename) is a major expansion of the extrusion business from 200 tons per month capacity to 1000 tons capacity and billet furnace for upstream recovery of aluminium leftovers. Mainly for external customers.
We expect RM10 to 12 mil sales contribution from Stingray in FY2021.

We are transforming the group into an aluminium total solutions company more than precision machining or fabrication but complete integration in 3 years time.

If you are a short term term investor then you may be missing out on the longer longer term prospects.

But always caveat emptor ie do your own analysis and risk assessment.

Notion is on a hyper growth phase. But the global markets look unsteady so be careful.

On 16th January there was the BI announcement with attachment circular. Please read section 4.4

The Proposed BI is expected to be completed by 2nd Quarter 2020 ( April to June).

The process involves a DDWG (DD working group) comprising lawyer, IB, company sec and company reps to go through the particulars of company. Submission of application to Bursa is soon. The planned EGM is on same day as AGM on 17 March 2020.

Early April we expect completion of BI.

We are running a PLC not a kopitiam so its takes effort and time.

Thank you.

Those who bought from Stockraider and others will also need the help of god of mercy now.

What happens if Thong 's group does not convert and all the warrants expire??

The status quo of all shareholders is maintained then.

Thong will have lost an opportunity to increase his shareholding from 32.98% to 42% and costing only RM1 a share.

The only option left will be to cross a block of Insas shares and or a PAC (persons acting in concert) but both these options will trigger the 33% and MGO .

If Thong delays any increase in upping his stakes, there may arise a Hostile Takeover offer at say RM1.50 a share (since the worth of Insas is above RM3.50) and present a tussle. Hosei for us.

So it is not bad if the warrants are not converted.

Thank you.

Also the risk of Ivory Coast new grinding plant of 60k tons, more than half of the production can go to Schokinag

Good morning Ms SC Hew. Nimbus private equity the seller of Schokinag won't sell it for a song.

I think we over estimate it's profits of rm40 mil based just on an assumption of 5% margin on sales of 800 mil.

More likely if the profit is halved to say rm20 mil then a price on Schokinag of 7 times PE is more acceptable to seller. But still an assumption

Assuming it's right and can contribute 40 mil Pat divided by 1008 mil. GCB shares it's eps contribution is rm0.04 and if market gives PE 15 times, it should improve share price by rm0.04 x 15 equals 60 sen

But I doubt GCB could have bought it for such low PE. The 40 mil profits I think is over estmate

PE is based on price not sales turnover of 800 mil. The price bought was rm138 mil

The co selling its 11 mil treasury shares is more telling that it knew results were not good and sold in advance

Dont forget they took a RM1bil loan to buy the 559m AA shares at RM1.80. Interest a month is RM5. Special dividend unlikely enough to settle loan so must sell 100 to 150m AA shares

Think TF and KM needs to sell a large block AA to strategic buyer thus the delay in announcing AAC results and special dividend. If they announce sp dividend the share flies it makes the selling of large block difficult

With the Singapore Super Group delisted the choices of coffee player is only Oldtown and Pwroot.

The buyers of the treasury shares are likely Funds and reason for the share price to be higher is tge demand exceeded the 11m treasury. Co is sound with rm200m cash in kitty. Also institutionalising the shareholding will stabilise its share. Good all round

Besides making profits and paying good dividends it need to address the public perception of a single customer single industry risks

JCY is a good stock but its owner dont do Investor Relations