Can you shsre the link without the "https://" infront?

Investors Who Bought NuEnergy Gas (ASX:NGY) Shares Three Years Ago Are Now Down 76%

Simply Wall St.March 23, 2020
https://finance.yahoo.com/news/investors-bought-nuenergy-gas-asx-012225015.html

Good news or bad , any idea?

Glotec suspended today!!
Any news why it was suspended???

PROFIT for 1H and 3Q both positive. Keep it up.
Hope the Nuenergy gas has reached product stage.
If so, then high chance 4Q will still be positive.

As of 5th Aug,
YTL Sons & Family Holdings is now at 78.39% of YTL Land shares.

Consider this:-

What happens when the Offerors and PAC accepts the shares from shareholders of YTL Land?

Do the"Offeror" cancel these YTL Land shares or keep as YTL Land shares under YTL Sons & Family ownership, or transfer these shares to YTL Corp?.

The Offerors is the YTL Sons & Family Pte Ltd which are also majority shareholders of YTL Corp. The majority shareholders of YTL Corp has sought a resolution from its shareholders of YTLCorp to grant the issue of new shares of YTL Land to new shareholders who has accepted the "Share Swap" offer by the Offerors (which is YTL Sons & Family Pte Ltd and not YTL Corp).

Why is YTL Corp issuing new shares to YTL Land shareholders. Shouldn't YTL Sons & Family be paying out cash to holders of YTL Land because they are the Offeror (seeking to increase their holding in YTL Land shares)?

This is like making YTL Sons & Family gain YTL Land shares on the one hand, while it requires YTL Corp to issue new shares, but at whose cost and at what cost?

Consider this:-

What happens when the Offerors and PAC accepts the ICULS from shareholders of YTL Land ICULS holders?

Do the"Offeror" convert into YTL Land shares or keep as YTL Land ICULS and convert at the end of the exercise (31st Aug)?

ICULS holders will get 280 shares of YTL Corp shares in return for each 1000 YTL Land ICULS.

The Offerors is the YTL Sons & Family Pte Ltd which are also majority shareholders of YTL Corp. The majority shareholders of YTL Corp has sought a resolution from its shareholders of YTLCorp to grant the issue of new shares of YTL Land to new shareholders who has accepted the "Share Swap" offer by the Offerors (which is YTL Sons & Family Pte Ltd and not YTL Corp).

3. Why is YTL Corp issuing new shares to YTL Land ICULS holders. Shouldn't YTL Sons & Family be paying out cash to holders of YTL Land ICULS because they are the Offeror (seeking to increase their holding in YTL Land shares)?

4. Why use YTL Corp to issue new shares to those who accepted the offer by these "Offerors"?
This is like making YTL Sons & Family gain YTL Land shares on the one hand, while it requires YTL Corp to issue new shares, but at whose and what cost?

The audited profit & dividend report on page 69 shows:-
1. a *loss* of RM74.391 mln FYE 30th Jun 2018 and RM 56.146 mln 9mths FPE 31Mar 2019
2. this has resulted in a *loss* of 5.04 sen and 3.25 sen per share respectively.

Is this not strange?

YTL Land - LA maturity date is 2021, norminal value RM0.50.
Now, YTL Land mother valued at 0.36 by YTL Corp. and YTL Land-LA (ICULS) only valued at 0.32, by YTL Corp. This is shortchanging the YTL Land-LA share holders.
Those who don't know will be panic selling.
If you hold the ICULS, think carefully.
Worth to buy up and wait for the LA to mature.
Interest for YTL Land ICUS Loan Stock is 6%. Which bank give you 6% interest?

Maybe shareholders of YTL Land should form a cooperative (Koperasi) to handle all minority shareholders as one single block, to gain better leveraging and bargaining power.

Was told that the offer normally very short timeframe, but this YTL Corp offer for your YTL Land shares has a long timeframe.
Hopefully more YTL Land shareholders will take the YTL Corp "offer".
Buy up more to shore up your holdings, those who do not know will sell cheap cheap ...

The percentage of YTL Land shares held by the "Offerors" has now exceeded 75%.

The "Offer" has become "Unconditional" on 24th June, hence does that mean that:-
-> there is no need for the offerers to acquire 75% or more of the YTL Land shares not already owned by the offeres to go ahead with the conversion to YTL Corp shares?

If that is the case, just buy up more YTL Land and wait for the time when you will be rewarded with good dividends. Or else just go for the conversion to YTL Corp.

The conversion will not stop... Take it or leave it.

YTL Land - LA, the loan stock.
What is to become of this loan stock?

YTL Corp is making money from YTL Cement and YTL Power.
YTL Corp can easily pay for the balance 35% not yet owned by YTL Corp,
and a cheap valuation.
Then when the time is right, and land values appreciate, the big time shareholders can easily
unlock the value of the land and make a huge profit.

Why exchange for a small piece of the cake?

Now, property glut, property downturn, land price become cheap.
Best time to buy land now instead of selling.

Why panic?

A lot of small shareholders do not know that YTL Land has a very strategic piece of land right in the middle of Kuala Lumpur near Brickfields where the current KL Sentral is. If you know that, you would not be panic selling.

Instead you would be buying up more, so that when the value of the land is unlocked, you will be collecting the windfall.

Some more, YTL Land is already debt free, not owing the banks.
Otherwise, why YTL big time shareholders still holding a major piece of the pie so tight?

If not mistaken, in the last AGM or so, it was said that YTL Land already turned debt free.
if this is true, why at such time, then take the company private (into Sdn Bhd), and keep it under private control, offering you (YTLLand shareholders) at an under-valued price when the market has undervalued the company (due to lack of market interest and and low free-float)?

The offer already ON.
Thanaraj, how do you ask TS Francis for answers now?

Can anyone give an analysis of YTL Land and YTL Land-LA (ICULS Loan Stock), its NTA in terms of all its land bank and their land asset values, and liabilities to any party?

What does a tribunal do?

Someone sapu 9.4mln shares in the last 15 mins of trade! Volume surge.
Insider knowledge of 3rd Qtr results ahead of release at 5:40pm, huh!
Manipulation?

62.6% is still some way to go to reach 90%. If JDE hit 90% or more, then it becomes mandatory for JDE to offer to holders for cash.

Bursa rules require that at least 25% of its shares must be held by the general public for it to continue listing in Bursa. That means as long as JDE does not hold more than 75% of its shares, it can continue remain in public listing.

But taking OTB private can be a headache if there are still substantial shares held by the general public. The public can still hold on to its shares even if taken private.

Yes, the question is exactly that.
What else, other than Dollars? Surely Dollars is not the only reason.

Does anyone know why the shareholders of OTISB, LSH want to sell their majority stake in OTB?

At this stage can still hold, the percentage that JDE is holding at this stage is still a mere 54pct. Still some way to go.

Tunggu aje, nasi dah jadi bubur pulak.
SCOMIEN shares are now converted to SCOMI shares where every 70 SCOMIEN shares will be converted to 100 SCOMI shares.
So, if you hold 100 SCOMIEN shares, you will end up with 1000/7 SCOMI shares, which is 142 SCOMI shares, which is 1 lot of 100 shares plus an odd lot of 42 shares, which is normally difficult to sell in the market.
The cost of selling the odd lot will be more than the value of the shares.

Does SCOMIES contribute any profit to SCOMI post merger? Bearing in mind that SCOMIES (Energy) is a service company. Does SCOMI Energy have any production rights to sell crude to collect revenue?

With that in mind, SCOMIES contribution due to higher oil prices is insignificant. SCOMIES revenue will depend on new service contracts being awarded by production owners.

Morning session had SCOMI closing at 0.225, and SCOMIEN closing at 0.275
In line with global trend, both are already moving down the ladder.

I already am smelling that the coming qtr is going to be another loss making. No chance of improvement yet, unless an award in favour of SCOMIEN results in the material litigation against SPAD. BUT this is yet to happen even in the near future.

The stock price of SCOMIEN has started to react downwards to the post merger exercise of ten SCOMI shares plus one warrant in exchange for 7 existing SCOMIEN shares. Although SCOMIEN shares was announced as offered at 0.300 (see below), it has already started trading below 0.30 moving towards 0.25 even before merger date approaches.

Announcement:
Scomi shall pay the Offer Price of RM0.300 per Scomi Engineering Scheme Share which shall be satisfied entirely via:(a) a share swap where for every 7 Scomi Engineering Scheme Shares held by Scheme Shareholders,10 new Consolidated Shares shall be issued at the Issue Price, and (b) the issuance of 1 Warrant for every 10 Consideration Shares issued.


Entitlement Type: Others
Entitlement Date and Time: 15/02/2018 05:00 PM
Year Ending/Period Ending/Ended Date:
EX Date: 13/02/2018

Agree with nippy65, the prospect of SCOMIEN in the Indian and the Brazilian deal has cast shadows on their performance, much less to talk about the local performance in KL. Will SCOMIEN and SCOMI able to get more monorail deals in the future is really becoming more scanty and remote, given the opportunity in Brazil and India has not turned out to be a great moral booster for SCOMIEN/SCOMI.

The Merger exercise announcement just out on 30-Jan-2018 for SCOMIEN at swap of 10 SCOMI shares for every 7SCOMIEN shares held as of 13Feb, plus a bonus of 1 warrant for every 10 )new) SCOMI shares held ex 13-Feb, and at the same time SCOMI shareholders will get a bonus of 1 warrant for every two SCOMI shares held as of 13Feb.

The value of SCOMIEN of 0.30 is already a down revision from last week's peak of 0.35 but an upside of 0.15 from 0.85 prior to the EGM. The intrinsic value going forward is not going to be optimistic given the dismal performance of SCOMIEN in both BRAZIL and INDIA, even after merger if nothing is going to be done apart from the MERGER.

I said that @0.26, SCOMI seems to be undervalued, but that is only to reflect the consolidation exercise of consolidating two existing SCOMI shares into one new SCOMI share, purely nothing to do with the future prospect.

tomblack - why do you say ANZO good buy?

America under Donald Trump announced a 30% import tax for photovoltaic panels which means photovoltaic panel manufacturers will face a challenge in their export business where the United States is one of Malaysia's main market. How will this impact VSolar going forward? Or will it be muted and have no effect on VSolar?

Based on a report dated 25Jul2017 shared by 雷汉勇 gcke (link: http://www.freemalaysiatoday.com/category/highlight/2017/07/25/can-sco... ), it appears that the SCOMI management do not seem to be prudent in its project management and cost overrun that had resulted in claims yet to be paid by its project owner. There seems to be weaknesses in the management of the project. Whatever fund raising being planned by SEB is still in the air apart from the MERGER being planned, which is not really fund raising but just a transfer (or just a change) of majority shareholder, which is a form of window dressing.

From this report, there is no real impart apart from change of majority shareholding.

Report below:
25Jul2017
KUALA LUMPUR: Scomi Engineering Bhd (SEB)’s independent auditor KPMG PLT cast doubt as to whether SEB can continue as a going concern.

The Edge reported SEB as telling Bursa Malaysia that KPMG had drawn attention to SEB and its subsidiaries’ financial statements for the financial year ended March 31, 2017, with regard to SEB’s dispute with, and legal proceedings against, Prasarana Malaysia Bhd over the RM494 million Kuala Lumpur Monorail Expansion contract.

KPMG said the SEB group had outstanding revolving credits and bank overdraft totalling RM213.2 million owing to the project lenders that were classified as current liabilities.

“These events or conditions along with other matters indicate that a material uncertainty exists that may cast significant doubt on the ability of the group and of the company to continue as going concerns. Our opinion is not modified in respect of this matter,” KPMG said in its auditor’s report.

According to The Edge, in its report, KPMG said the action against Prasarana and the appeal hearing on the litigation matter of the project are currently in progress with the hearing dates scheduled for July 31, and Aug 28, 2017, respectively.

“Therefore, the ultimate outcome of these and related recoveries of amounts owing on this project cannot presently be determined. In relation to this, the group has yet to secure further extension from the lenders who have provided project financing for the project,” it added.

In response, SEB said it had started to pursue all avenues available to recover the claims relating to Prasarana.

The Edge reported SEB as saying it was also looking at various fundraising exercises, with regard to the use of its technology in new markets via synergistic ventures that could take about six months for closure.

SEB’s management said it would continue to bid for new projects in both the monorail and commercial vehicles segments.

These measures, it said, should should address the going concern issue.

“SEB will continue to focus on cost optimisation programmes and continuous product improvements and developments to remain competitive in each of the sectors it is involved in,” The Edge quoted SEB as saying.

SEB shares were not traded yesterday. It last closed at 27 sen for a market capitalisation of RM92.3 million.

SEB posted an unaudited net loss of RM19.76 million for FY17 compared with a loss of RM1.84 million in the preceding year.

The free warrants that will be offered to shareholders in the merger exercise for SCOMIEN, which is one for every seven (7) SCOMIEN shares, means very little to existing SCOMIEN shareholders, because the value of the warrant will depend on the conversion price, which normally will be set at a much higher price to contribute to the expenses incurred by the merger exercise, and to place the shares at a value based on the expected performance, which may not materialise. So, the free warrants may not mean anything at all. Also, shareholders/investors should compare this with the one (1) free warrant for every new consolidated SCOMI shares held, resulting from the consolidation exercise for SCOMI. The SCOMI warrants were much more generously given compared to SCOMIEN, although its benefit to shareholders cannot be directly converted to Ringgit value at this point in time.

To answer to nippy65, the consolidation exercise is purely a consolidation exercise, and has nothing to do with the future value of SCOMI, another adjustment will be expected post MERGER with SCOMIEN, which will not happen immediately but much further down the road. Until then, SCOMI should only reflect its immediate value and not its future adjusted value post Merger.

Moreover, should SCOMIEN be profitable, SCOMIEN shareholders merging into SCOMI (Group) post-merger will have their shares diluted, and any profit would be used to subsidise the losses incurred by the group which it need not incur before merger; So, the value of SCOMIEN shares do not seem to have a brighter outlook as compared to before the merger.

What will be the contribution of SCOMI (Non-SCOMIEN) post merger with SCOMI GROUP without the contribution of SCOMI Energy coming into the fray? SCOMI (Group) seems to be relying mainly on its subsidiaries SCOMI Engineering and SCOMI Energy, all of which is not making profit. There seems to be nothing to shout about in this merger exercise.

Seems like @0.260, SCOMI is undervalued.

Why does the price of SCOMI drop post consolidation, when at closing of pre-consolidation was at 0.165?

Theoretically, upon consolidation of SCOMI shares 2 into 1, the price should double up from 0.165 to 0.330, but the market valued it downwards 0.260/0.255 today instead of 0.330 as should be the case?