The high end property is so that the directors and relatives have a rent free place to stay when they come to KL. They cannot afford to pay for hotel rooms. Better to exploit cepat bank balance to buy these properties.

speakup got buy property counter? I want, I want...can get free house to stay.kakakaka

speakup gets yeas supply of free Kandos and Tudors. Now in Cepat can drink years of free CPO. kakakaka

Based on news report 2 years ago they launched Block A of Botanika and purportedly fully booked/sold. Nothing seems to be mentioned in the accounts. Anyone knows what's going on there? Also seems to be soft launching Danga Sutera

Macam yoyo, cepat naik cepat turun

Trump Tower in DA...nah..Trump Tower in TAGB's Golden Triangle land.. yeh thank would be icing on the cake..kakakaka

Handing out TAGB shares to shareholders of TAE does not benefit anyone. In the short term it may act as catalyst for TAE but realistically what it also means is that the value of TA will reduce due to the transfer of asset from TAE to its members. On the other hand, it may actually depress the share price of TAGB as members of TAE who ends up with TAGB shares may sell them. As for REITs, that looks extremely unlikely for the moment. Firstly it is a long corporate exercise with a lot of financial and assets juggling but more importantly either Tiah junior or Alicia (I can't remember which exactly) mentioned in an interview quoted that it is great to have assets which can be used to raise finance.. I take that to mean as collaterals to borrow... for god knows what purpose. Also REITs for short term will trigger an increase in price of TAGB but long term TAGB will be worth nothing without the properties. I think it is far easier for Tiah to reward shareholders by declaring free warrant.Tony is a stockbroker by trade. I am somewhat amazed that he doesn't seem to have any idea what to do to create interest in his companies!!!

What on earth is negative energy? Whatever it is,it doesn't matter. i3 is a place to share info and learn. Obviously comments made will be good and also bad as people has different opinion.My comments were not meant to be malicious. If in anyway it upsets you, I apologise.

Another way to look at this is you pay co RM0.25 for the recent rights. Now co pay you back RM0.20 to take back your rights. Co profit 0.05. kakakakka. Probably later call for rights at 0.20. Then you give co back that 0.20.

Doubt so. Money poured into Trump Vancouver would have been reflected in "Inv in JV" in the balance sheet whereas Little Bay would have been reflected in development expenditure on consolidation in the group accounts.

I hope that I am wrong. I also wish that the Co would make zillions in securities investments. However, I also know that the Tiahs are not Warren Buffet.....

Then in the next few days/weeks when the dust settles, one wakes up and realise that the Co still has billions of debts to settle and have not obtain billions of rig project...the price come tumbling down after.

Yes, by then it could be RM5 per share, 500K shares more than enough to buy 1 unit.....but it could also be RM0.05 per share, enough to buy apartment in Timbuktu. Kakakaka

I am a simpleton. IMHO, if a property developer spends too much money and effort in securities investment and does not make money, then, it is gambling. The figures in the accounts also doesn't add up. I am no accounting expert but balance in securities investments on 31.01.2013 is RM198.5M and bal on 30.09.16 is RM590.5M (an increase of RM392M). However for the same period from 01.02.2013 to 30.09.2016 the actual net cash poured into securities investment is RM1,277.3M. What happened to the RM885.3M (1277.3-392). Impairment or actual realised loss? Also, the RM1,277.3M would have been financed by borrowings as profits for this period definitely is nowehere near that. Borrowings to expand biz?? Maybe I m not looking at the financial statements correctly. My 2 sen worth.

Paperplane scaring the shit out of everyone here. He is one very happy person to see the price goes down and Iskandar being a ghost town.

Agree with beso, "..skpetrol will be kicked out from Index..sell b4 too late.". Look at UMW, kicked out previously and gone downwards ever since!!!!!

Got bottom.....0.005sen

Rubbish co. Q3 results shows co borrowed additional RM378M, gamble RM342M in market and loss RM30M.

Thks Subrie for enlightening. I do know what OR is but that bloke, Kevinchong, asked, "...agent say out OR warrant first then buy in change wa....". I was confused by that.LOL

Rodney, thank you for sharing but RM10B GDV is kind of optimistic ain't it?? Is that figure quoted by the CEO?

What on earth is OR Warrant?

0008, waseh, you brave person, dare question UMWOG's ability to pay??? Few months back when I pose the same question, someone gave me a long lecture and hentam me left, right and centre!!!!!

SK Liew, those figures are not GROSS profit. These are segment net profit before tax. Also comparing with Ho Hup is unfair because cost of land for HHup is approx RM47 psf whereas for Malton (If selling price is RM800) cost is RM144psf. Also, the recognition of revenue/profit for the Park seems normal as the actual construction work done to 30.09.16 is quite negligible(I think earth or foundation works only). Insofar as recognition of profits for shops, etc, under normal accounting treatment, it is lower at beginning stage and higher towards the end of the project. Someone mentioned about BKawan revocation. I think the profit after tax for the revocation should be approximately RM22.8M. As for cash inflow for the revocation I think there is RM228,488,000 besides that RM50M and RM94M.

darrenliew must be very very disappointed. No special div and reduction in div.

Really? 2017 start give dividend.

doesn't matter epf sold or not. doesn't matter what price oil also. for the time being, UMWOG needs to 1)announce major oil rig contract win and 2) refinancing of loans due in the next 12 mths

Paperplane, if all good companies are privatised, then the market will be left with the bad ones. Since the entire bursa counters not privatised, therefore they are all bad counters. Who will want to invest in bursa if all bad???

valuelurker, that capital M is it the one with a recent rights issue and every few years calls for rights? If so, they are not property developer. They looks like one, sounds like one but they are not one. They pretend to be a developer doing all sorts of things overseas. On the other hand, IWCity is very focused with its Tebrau land. It is value trap if they do nothing. The land most of which is submerged needs to be reclaimed. Selling a portion to Greenland is doing something in itself. Of course in all biz transactions/contracts there are always risk of non fulfilling of conditions resulting in termination. Paperplane says ghost town and he is entitled to his opinion. Hng33 thinks it will be sucessful, he too is entitled to his opinion. Afterall, nobody can foresee the future.

Huh, UMWOG the only supplier of rigs?? Rental price is up to UMWOG to decide?

BJ City - Shops sold, The Park1 > 1000 units sold, 1st day of soft launch The Park 2, Tower 1, approx 100 cxs for deposit. Not too bad for slowly done in property mart!!!!

I come here to read CSC but whole screen full of people walloping each other. Maybe I3 should start a separate thread for frustrated people to hentam each other

Last time Naga spitting fire, now spit phlegm. To reach RM1.50 must spit fire again. Now can't get contract for Naga

Are u sure Mulpha worth 5 sen? Should be 1 sen. Rubbish co. run y rubbish people.

Strange comment. If hoping that oil production DOWN to increase oil price to USD60, doesn't that also mean usage of rigs also down??So how to rent out all the Naga??

Aiyoh...Berapa kali nak cakap....UMWOG bukan gorek dan jual minyak. Dia gorek saja. Minyak naik USD1,000 per barrel pun, kalau takda orang panggil dia gorek dia mana ada income dan untung

He say got special means got lah. You think Desmond dare to disagree with him

As Jetli pointed out, oil price up but not translated to contract wins by UMWOG also pointless

paperplane keeps haunting here that no one dare to post anything. Need to get a bomoh to get rid of the ghost

Hopefully u are right on the obtaining of major contract. U r definitely right on the "nice tradeable" part. EPF slowly selling and price goes down a bit. Then some news on oil price, price goes up. Until announcement of major contract win, looks like it is going to ding-down a few sen meantime!!!

Hopefully become golden geese. I pass by the site yesterday. They are doing the foundation works for the Mall. Dunno whether they are selling the Mall of keeping it. If keep, then they will need to reserve $$$ and probably bank loan for building & developing the Mall. Expected completion in 2018. Oolala, I am going to be mallowner (although tiny weeny bit).

snwong, goodluck to u. Whilst it may indirectly helps that oil price goes up but more importantly, for UMWOG to go up, they have to be able to WINNNNN jobs at PROFITABLE rates. If oil goes up to USD100 but UMWOG can't win jobs at profitable rate then their share price would continue to slide. Meantime, Petronas has not announced any increase in Capex. Whilst some may argue that UMWOG is not financially distressed, one only need to look at their last qtr financial position and reflect on what happen with Perisai and Swiber notwithstanding that UMW Holding is the parent co.My 2 sen worth.

GoldenShares, I dunno whether I loss or not!!! I bought long time ago when they were dirt cheap. Everytime goes up I sold some then when down I bought back more than I sold. Now I dunno what my average cost is!! Too lazy to calculate. I bought Malton because I poor man. If and when they complete Pavilion BJ, I can then boast to my mates that for a poor man like me, I own a piece of Pavilion. LOL

davidkkw & GoldenShares, you guys loss a lot in Malton & GOB???

Waseh, paying RM215psf for these lands!!Kind of mahal kan? Good thing only RM11.7 cash.

darrenliew..divi 3 to 5 sen??? When did Malton pay more than 3 sen?

Aiya, he everyday shout oil price goes up. He is one very happy person with oil price up. This morning when I pumped petrol...WTF, WTF, WTF, price went up. When I turned on computer, WTF,WTF,WTF UMWOG price did not go up!!!!

SejukSaam, currently, almost all property counters are useless and Malton is no exception. When price of oil very high, everyone buy expensive O&G counters and got burnt when oil comes down. When price of steel very low, nobody buy steel counters. Now steel goes up and steel counter goes up. Million dollar question is...do u dare to buy property counters (Malton included) when everyone is scared??

Agree with yewnienwei...PE low...so whattttttt.

TheContrarian....the sort run by son of ex-con. Like father like son. ha ha ha

samyew where profit 78M. Decimal point wrongly placed??