The famous physicist, Richard Feynman, said, “The first principle is not to fool yourself – and you are the easiest person to fool.” Most of us react negatively when someone is overconfident about themselves or their opinions

The famous physicist, Richard Feynman, said, “The first principle is not to fool yourself – and you are the easiest person to fool.” Most of us react negatively when someone is overconfident about themselves or their opinions

Federal government to review water supply tariff and reduce non revenue water loss. Both items will definitely benefit Ranhill as Ranhill not only involve in water supply but also heavily involve in non revenue water supply loss business.

The subscription agreement for the PP was done yesterday on 22 May 2023, not months ago.

There is no such restriction shown in the terms and conditions for the PP.

@EatCoconut; The CEO is definitely not brainless but smart and cunning. Some well connected and friendly parties got chosen to be given cheap shares to the detriments to both the company and shareholders!

PP priced below market is bad to the issuer and very unfair to existing shareholders. The company that issue such shares below market will not obtain fair value from the issue and the shareholders are deprived of opportunity to buy the cheap shares. Shareholders should get the first right to such below market offering. For the chosen subscribers for such PP can make fast and easy gains without risk!

Listing of LYC subsidiary on Singapore Stock Exchange approved by the EGM yesterday and the lPO will be any time soon.

Excellent counter to take private. Trading at huge discount , cash rich and growing profits in catering and tourism related biz plus two IPPs in Kelantan and Sabah.

Terima kasih paktua kerana menulis satu sajak yang memberi satu nasihat yang amat baik untuk amalan kita semua!

If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise:

You will be a successful trader or investor!

Surprised why only today some people start selling whilst the news about the two execs were already known publicly since last week at the least?

Cockroach Theory: If you find a cockroach hiding in the cupboard, very likely that cockroach is the not the only one there!!!

Coupon rate of 3.8% p.a. for the ICULS is the not attractive especially in the current environment of high and increasing interest rate. Worth mentioning that there are other similar securities currently listed that offer higher yields and better future biz prospects.

You will be a great investor or trader!

If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise:

In trading and investing, we must not lose our heads. We need to make judgments based on facts and be rational always, not just believe blindly what others think as they have their own interest and agenda to look after.

Just wait lah

So why u need to sell ur.shares tomorrow?
We need sellers to create market for trading as there are obviously a lot of buying interest at the current price level.

PP was done a year ago at 95 sen. The price did not really go up after PP, so most likely , I believe, he is still holding on to it.

His largest stake in Bursa listed companies is in Cypark.

Tan Sri Wahid Omar, a former minister and Maybank CEO, the current Bursa Chairman too has a large stake in Cypark.

On top of cheap PP at 38 sen, directors once again rewarded themselves with similar cheap shares via ESOS !

30% new shares will be issued at only 38 sen. Some smart ones will sell short and buy back via PP for easy and guaranteed profits!

Agreed that 30% PP especially at the current very depressed stock price will do no justice to both the company and its shareholders especially those that have been keeping the stock since a long time ago. Right issue would certainly fair to all.

China relaxation on Covid control will create a huge surge of demand for travels especially overseas travels. This will benefit airline companies servicing Asia Pacific region.

Insiders have been active in selling down steadily !

Eden is a fairly safe bet. Down side is very limited but upside is good, Remember apart of tourism biz in Langkawi, Eden also owns and operate two IPP plower plants in Kelantan and Sabah.

Regardless of who become PM, Eden at current price is far below both it's net asset value and intrinsic value. In investing and trading, avoid at all cost being emotional and irrational.

WTE Project at Ladang Tanah Merah will achieve it's COD very soon, most likely this month.

Omitted, all the voyage of their life
Is bound in shallows and in miseries.
On such a full sea are we now afloat,
And we must take the current when it serves,
Or lose our ventures

“There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune”

30% new shares will be issued via private placement at up to 20% discount plus additional free shares at no cost will also be issued and given to the management !

Still a long way up to it's fair intrinsic value.

Whatever, avoid at all cost from getting yourselves into a short squeeze position!

"Buy when there's blood in the streets, even if the blood is your own." Rothschild

There is nothing to worry at all about the current state of Cypark but a rare and an excellent opportunity for those who are both familiar and understand the biz of Cypark and its financing models.

This is certainly not an advise to buy or sell but just my personal understanding and opinion.

There are some misunderstandings about Cypark biz and its financials. We can not and should not compare Cypark with Serba although there some similarities. Cypark is the leading renewable energy player that own and operate solar and other forms of green energy projects. The high debts and gearing is very acceptable in this kind of Cypark biz models where the debts are mostly tied to the projects that have long term power purchase agreements with the off takers such as TNB. It is a very normal practice in a project with guaranteed purchase agreement with a creditable off taker to have very high gearing such as 3 to 4 times.
With respect to negative cash flow from operation, this is due the fact that most of the projects were still under construction. In addition the WTE project was already booking profits even though it was still under construction as it is a Service Concession Agreement project with the government. Cypark does not own the WTE project but only provide the required service and Cypark wrote the fair value of the service provided as an intangible asset. Most of the intangible asset in Cypark balance sheet is from service concession work, not from goodwill which only amount to RM 462,000 only in the last annual report.
Those who understand Cypark biz and it's biz model can know the fair intrinsic value of Cypark.

BgZakar, just need be extra careful not be caught with you pants down !!!

Directors gave themselves cheap shares earlier on via ESOS at the price of only 59.5 sen, so they can still make good gains even selling at current low price. Anyhow they can always reward themselves again with another round of cheap or even cheaper shares via ESOS!

Most of the payment come from capacity availability. Payment from power generation is much smaller and may not even profitable if the plant efficiency is below agreed rate.

@garychee8, if there is really shortage of coal for the power generation, the impact on the profitability of Jaks JV IPP would be small, if any, as most of the payments received are from ensuring the power plant available for power generation.
Although Vietnam has its own local coal production, however it may need to import some coal if the country continue to build coal power plants.

IHH offers to buy Ramsay Sime hospital for RM 6.57 . Quite recently Ramsay Sime bought Manipal hospitals. It seems there are active corporate actions on hospital assets currently.

Share price may go lower further as the new shares to be issued via PP are at 55 sen only. Pestech should have chosen to issue new scripts when the stock price is high, not when it is very low as currently is.
Good for the chosen ones that will subscribe but at the expense of the rest of us.

Safer to buy on way up, just what professionals do, rather than buy on way down.

Caveat emptor !

Mercury Securities Sdn Bhd as the principal adviser, managing underwriter and joint bookrunner for the IPO exercise has done exellent job !

The family is selling the business via IPO as they can get a better price than via other channels.

Prefer RI as I can also buy shares at discount, wouldn't you. PP shares issued at discount can be a quick guaranteed profit for the chosen subscribers for they can short first and then replaced by cheaper shares from PP. One more thing, the subscribers, unless insiders or major share holders, are always kept secret from other share holders.

Private Placement up to 10%. Existing shareholders will be negatively effected as it is dilutive and not given the chance to take part in the PP unless you are the "right" persons. Warrant holders will be negatively affected too as no adjustment to exercise price although PP shares are issued at a discount.