cskek81, if samyew is insider, he also cannot tell you. Afterwards go to jail like Ernest Saunders for insider trading!!!!

For TAGB shares to go up, I don't think their property devt and hotel biz plays a significant part, at least not now. I believe the day the Directors stop using TAGB borrowed funds as casino chips to gamble in the stock exchange, would be the day their shares flies. What's the point of making, say RM50M from property/hotel biz and lose RM100M in the stock exchange. Look the Tiahs are not Warren Buffett

Huh?? Oil price surge, but UMWOG not selling oil.

Deferring rights issue, is it good or bad? Lion Corp deferred, and eventually call off rights. They are now in trouble. MPCorp same thing. Anyone knows any other co. that deferred their rights issue for no reasons and eventually call for rights?

kennny, how you know qr announce next month and not by this Friday according to Bursa rule? You have inside info?

OPEC production cut, why UMWOG bullish? Does it mean Petronas will increase production because Opec reduce? Therefore Petronas would need to increase drilling work and rent jack up rigs from UMWOG!!

Nelson Chua, you have golden fingers. Shout and scold with your fingers, now up 1.5sen!! Continue shouting please.

Tiah stop buying because he suddenly realise that he is not warren buffet. Everytime he put money in the market it make losses. His ability to make money in the market is reflected in the financial report "Fall in fair value of investments". That is TAE/TAGB money. No sweat at all to him. So continue to use Co funds to buy high and sell/hold till low. Insofar as he personally buying TA shares, buy high sell low will buy his own pocket. Of course he stop buying!!!

kai8994, Ho Hup announce rights on 26.01.16. After >7 months, they need another 6 months to "PUSH"??

That's why I don't rely entirely on IB analyst report. ANyone working in the O & G field who knows the actual situation? Can share?

Anyone works in the O&G field? Please share knowledge & info on this sector. If based on AllianceDBS research seems like all 8 Naga rigs are redundant. Is this true and does that mean that next quarter UMWOG has no sales??

MBS7633, no issue of doubtful debts. The RM16.9M is a write back done in 31.12.15 qtr of which the original prov where made in previous year 31.12.14 RM12.5M

Because UMWOG not selling oil

The issuance of the USD90M Notes is to repay an earlier one of USD90M due in Sep16. Only difference is the interest rate

We are in a no win situation. Oil price goes up, then few years down the road oil company decide to expand, increase capital exp, then UMWOG get project, make profit, share price goes up. Meantime, before the UMWOG price goes up, petrol price goes up, every household things goes up, curry laksa, nasi lemak, roti canai all goes up,we all die!!!!

Darren always hoping for special divi!! Let's all hope that Desmond obliges

Sad case. Everyone here keep shouting positively for UMWOG to go up but those idiot IB (except Maybank) keep giving sell call and measly TPs from RM0.68 to RM0.80. Bila boleh naik sampai RM5.00?

The directors salary in 2015 is about RM1.6M and there are 8 Directors, so not too fat lah. What I find strange is that they earn so little, share price keep going down, yet every few years they have a few hundred millions to subscribe for rights!!

Jolin, yes agree any good co also got debts, but shouldn't debts be accompanied by good assets that generate cash in flows to at least service the interest,never mind principal repayment? Based on TA Securities report, Naga 2,3 and 5 are idle and most likely, Naga 4 & 7 are also idle. Hopefully these assets can get some contract awards in the near future (whether real or rumoured) and achieve your TP RM5.00

k55, look at TheContrarian comment "....RI...squeeze money...minority shareholders." To have RI, first Mulpha has to report some profit, then only rights. Therefore based on historical past of Mulpha, will make losses (2012 : Loss RM473.8M, 2013 : loss RM27.7M), then profit (2014: RM124.5M, 2015 : RM163.3M). After 2 years profits, then rights issue in 2016. Now after RI, start reporting losses first maybe few years later then only report profit. Then only rights issue!!!

RVI123, I am getting a bit confused. Why should there be profit from the Trump project when TAGB does not own any part of it?

Murali, Borrowings should be RM3.7B because RM308M borrowed from parent is also borrowings!!

Strange Co with strange management. ICPS at indicative price of RM0.165 with conversion ratio of 10:1. Priced at a premium with no discount nor sweetener??? Unless price goes above RM1.65 wonder who will subscribe except for the substantial shareholder????

Considering the current property market and the need to finance those construction jobs, I would be surprised if divi is more than 3sen notwithstanding the future cash in flow from Ecoworld/Batu Kawan. Also, whilst the BJC project seems to be substantially sold/booked, other than the progress on the shops, I don't think much has been done for the apartments.The launching of the final phase of apartments may be deferred too. In terms of results, therefore not much can be expected in the 30.06.16 qtr. My guess is that they also need to preserve funds for the development of the shopping mall in BJC. Probably results for future qtrs maybe better. If management is confident of future financing inflows, then they may declare higher div but they would be pretty dumb to do so in the current economic situation.

Why game over? I am no legal expert but I imagine the worst outcome is the crane operator goes to jail(and he should go to jail for negligence), probably the manager(for employing a careless crane operator), maybe the CEO(for employing a useless manager). Insofar as compensation, most likely, the Co. is insured against public liability.

Based on photo in newspaper, looks like next to the construction site of Royale Pavilion

Yolooo, if you r right, eps 20sen, then dividend more than 10sen.

Optimus..Maybank recommend buy with TP RM1.16. Genuine morons analyst working there!!!LOL. Strange counter. Both TA & Maybank analyse same thing but give totally extreme opposite recommendation

The company seems to be financially distressed. Can't borrow from bank anymore???So borrow from Holding Co!!! Borrowings due in the next 12 months RM1.3B. If continue make losses in next 12 months how to repay?

Paperplane, I doubt because of price. The CP for the 3 tranches is (i) Issuance of subtitles for each tranche (ii) EPU approval (iii) completion of reclamation. Given that the Johor Govt has a vested interest and the PM being Chairman of IRDA, presumably (i) & (ii) is not a problem. My guess is that it may not be cost effective and/or efficient to fulfill the CPs based on EACH tranche unless the land of each tranche are not contiguous. If the land are contiguous then it would be more efficient and cost effective to do en bloc especially the reclamation part. My 2 sen worth

Paperplane, does not matter how many times extended. Greenland seems to be going ahead with actual construction work on the land even though certain conditions of S&P still not fulfilled. See today Star : Yesterday PM was there to launch Helios Cove...Smart City.

Today last day of the extended date to satisfy certain conditions of the land sale

The proposed revocation says 1) Pay RM50M, 2) Settle loan and 3) Settle advances to BKDSB. Loan is RM94M and advances [based on 30.06.15 AR is RM228,488,000]. Therefore, net cash inflow would be RM184M (50 + 288 - 94). As mentioned by Wonder, the NA should remain the same except for the RM36M. However, does this proposed revocation increased the bank balance by RM184M. Anyone????

A co. cannot go bankrupt. Insolvency and liquidation yes, but bankrupt, no. Nonetheless, lets assume there is such a thing as a co going bankrupt. If you look at other bursa steel counters, take Lion Corp/Div for eg., both are financially distressed since time immemorial, but their shares are still there to be traded. No worries about HiapTeck!! Moreover, they have positive cash flow from operations. How to go BANKRUPT? The only negative is Eastern Steel (which may turn positive if deals can be struck with Chinaco) but this is sunk cost and had temporary ceased operations. Recovery of advances and investment in Eastern Steel may turn bad, but provisions for impairment is progressively made. Do bear in mind that impairment does not have cash flow effect

EPF bought into Inari because they fell in love with Mr Thong? For the same reason therefore they will increase investment in Ho Hup?

Get rid of the entire management and executive staff then only MBSB has a small hope of surviving. My pet dog "Jumbo" and cat "Felix" can do a better job than the entire current management and executives of MBSB. If they don't know how to manage and run a Building Society, what makes you think they know how to run a bank? Just because they are getting a bank licence does not mean that they are going to operate EFFICIENTLY AND PROFITABLY. I hope I am wrong and that they are really superior management. Not too long ago, I went to MBSB to arrange/re-negotiate certain housing loan, talking to the people that increased my blood pressure and I almost puke blood. Fortunately for them, I am only a small little shareholder. Had I been a major shareholder probably I would have requested to see the MD and give him a good telling off!!!!

Today's star has article saying Ecoworld buying 300 acres land from Batu Kawan Dev (formerly Abad Naluri). It is the same piece of land purportedly JV with Malton in 2012.Anyone any idea what is happening there???

Najib cannot takeover now lah. Dah kata wang itu political donation. Sekarang where got wang to takeover, even at RM1.00

Bandar Msia mega project. Hopefully IWC gets a piece of the action by virtue of being a subsidiary of IWH!!!!

A lot of contractors are pre qualified for SUKE. Prolintas is 100% PNB, a GLC. Other GLCs like IJM, MRCB, Gamuda, UEM, etc... are they not qualified??? Why should PNB award any major portion to Ho Hup and not to the other GLCs? Hopefully Ho Hup can outbid the other RMbillion Bhd based on their historical abilities and financial capabilities to construct and deliver major highway construction projects!!!

Work 10 days also don't make money. Better don't work. I have little idea what MNRB's biz is but according to a mate who has been im the insurance line for > 30 years, MNRB is re-insurer. In layman's language, MNRB no need to work. All the insurance co. must work to sell policies and once they get biz, must GIVE a portion of the biz to MNRB and must pay MNRB whether the insurance co collect theirs or not. Meaning that (1) no need to do anything sales automatically comes to their doorstep and (2) no need do anything money goes into MNRB bank automatically. All they need to do is make sure that they don't sailang the bank balance in casino. Of course like all other insurance co. they would need to fork out their portion in the event of insurance claims. Why other insurance co can make money even though they have cost of sales and MNRB make losses even though they have no cost is beyond our simple imaginations. That's why I say, better they don't work that 10 days, then probably MNRB would make profit

Optimus, SK has so much borrowings? Macam 1MDB!!! Looks like eventually they will not be part of the KLCI

Even investment bankers also talk cock. They sit in their nice little office, never been to an oil rig, most probably only involvement in O&G is like me, buy RON95 or RON97, then they write a 5 page report and recommendation!! For example JF Apex every month for the last 6 months says TP RM2.75, BUY, then few days ago change TP to RM1.29 SELL...whoever listen or read and believe what they say go holland lah.

nabeh...O&G is quite specialised industry. If did not work in this field for 10 - 20 years what on earth would we know about O&G. I am not sure about others, the only thing I know about O&G is that without Ron95 & Ron97 my car can't move. How to give constructive comments. Some looks at lines, bar charts, fengshui, crystal ball, then they say price go up or down. Some just say what they hope the price would be. It's entertainment....LOL

Also, RI in 2000, substantial portion were to develop Leisure Farm.....now is 2016, still developing!!!!

Rights issue 209M @ RM1.60 gets RM335M
RI 159M @ RM1.20 = RM191M
RI 385M @ RM0.75 = RM288M
RI 1178M @ RM0.50 (paid 0.40) = RM471M
Now RI @ 0.25
Next RI @ ......who knows...maybe RM0.15
Of course downside is limited....until it reach price reach RM0.005.
Those that "silently buy RI at the end", would they sell now or hold for 3 years
and hope that price goes down and the RI @ RM0.15?????

Yesterday tu private placement bukan rights issue

What rights issue?

I cannot agree that those that follow KYY and lose money are those goreng kaki (gamblers). WHen KYY recommend a particular counter, the price normally goes up. So the goreng kaki who goes in would sell the moment they make their profits. By definition, goreng is very short term, maybe 1 to 5 days or a few days more, definitely not 6 months 1 year. So the gamblers make their money and move to another target. It is those that dun goreng who held on for longer period gets screwed when KYY quietly sells.

The Sig.Shop Offices GDV =RM543M, Park Sky > RM1b, both >95% sold. New 2 block The Park2, don't know how many sold. That is BJC. Construction project, Royale Pav = RM208M, PBD demolition,etc =RM703M. That in total >RM2.4B!!! and does not include the new 2 block, SK One Res (> 95% sold),Pengerang shops. These are projects that have started construction works. Of course there are still those that should be starting soon where we do not know what GDV yet, such as BJ Pavilion Mall and the main structure construction works for Pav PBD. There are still those which we have no idea when it will start/launch but mentioned by Tan Sri in his Chairman's statement in the Annual Report such as UK Spring & Amaya Duta. So the future, does looks good for Malton. BTW, Darrenliew, the gain on the put option had been recognised in 30.06.15