Does the above rm86m exclude the recent sale announced for Facebook and alibaba shares where a gain of abt rm4m and proceeds of almost rm33. 3m was raised.
Thst would mean hexza is sitting on a cashpile of about rm65m and an investment value of rm86m plus inventories & debtors of a other rm40m. Almost rm191m of liquid assets not counting the business operations. Rm95sen per share translated as liquid holdings.
No wonder the share is moving up higher every week.

Should see some movement in share price before the AGM. They will surely have to also revise the NTA end Nov. Expect it to move to 50sen first then higher to reflect all the surplus cash and clean balance sheet position

Strong company financials and fundamentals. With better leadership I would surely hang on and hope to see my investments grow.
Yearly dividend very attractive, even if share price moves to rm1

The share price shld move to 60sen soon once the confirmation of money receipt and repayment of debts. That would be part of its regularisation plan with additional working capital declared to build up the Indonesian plantations. Good lone term prospects on a younger plantation asset

Payment received. No further losses from the Msian plantations. Time to focus on building up new productive assets

MYR Asset Held for Sale Gain
Sale Proceeds 413,574.00 225,032.00 188,542.00
ST Borrowings -126,798.00
Trade AP -51,093.00
Owing to Previous owner
&Director -34,292.00
Cash Balance : 201,391.00

Potentially 80M for WC to develop Indonesian plantations


NTA w/o WC RM 1.34
NTA less WC RM 0.81

Current share price RM0.31....wow....

is the above right?

On 21 September 2018, subsidiaries of the Company as stated below entered into three separate
conditional sale and purchase agreements (“SPAs”) with United Plantations Berhad to dispose the
plantation assets located in the district of Hilir Perak, Perak, measuring approximately 8,999.13 acres,
for a total cash consideration of RM413,574,302 as detailed out below:
a) 5 parcels of land measuring approximately 7,615.42 acres together with all structures attached to
the land including a palm oil mill, workers’ living quarters and site office owned by Pinehill
Plantations (Malaysia) Sdn Bhd. (“PPM”), a 94.5% owned subsidiary of the Company for a cash
consideration of RM350,301,630;
b) a parcel of land measuring approximately 954.42 acres owned by Syarikat Kaum Melayu Hilir
Perak Sdn Bhd, a wholly owned subsidiary of PPM for a cash consideration of RM43,525,933;
and
c) a parcel of land measuring approximately 429.29 acres owned by Tahir, Rozlan and Tasariff Sdn
Bhd, a 91.33% owned subsidiary of PPM for a cash consideration of RM19,746,739.
The above collectively referred to as “Proposed Disposal”. As at the date of authorisation of these
financial statements, the Proposed Disposal is yet to be completed pending fulfilment of the
conditions precedent of the SPAs.
On 27 December 2018, the Circular to shareholders in relation to the Proposed Disposal was issued to
all shareholders of PinePac.
On 18 January 2019, the shareholders of the Company approved the Proposed Disposal in the
extraordinary general meeting (“EGM”).
On 17 May 2019, both the Company and United Plantations Berhad had mutually agreed to extend the
PPM Conditional Period, SKMP Conditional Period and TRT Conditional Period for a period of 2
months until 21 July 2019 to comply with the PPM Conditions Precedent, SKMP Conditions
Precedent and TRT Conditions Precedent, respectively.
On 11 June 2019, the Company announced that both the Company and United Plantations Berhad had
on 10 Jun 2019 entered into 3 supplemental agreements to the SPAs.
On 3 July 2019, the Board is of the view that the Supplementary Agreements (“SAs”), do not require
shareholders’ approval as the special resolutions in relation to the Proposed Disposal as passed by the
shareholders of the Company during the EGM on 18 January 2019, are adequate for the variation to
the terms of the Proposed Disposal pursuant to the SAs which are in the best interests of the Company
and its shareholders.
On 16 August 2019, the vacant possession was delivered to United Plantations Berhad.

Starting to move...

Yes no sellers, just someone throwing down and the closing at 30sen again. It would trigger a day or 2 before the money is paid. Watch for the announcements from United plnt, they will announce first and usually their announcements are clear and timely

Next week PINEPAC shld be moving to new highs...

On 21 September 2018, United Plantations Bhd entered into 3 conditional sale and purchase
agreements (“SPAs”) with Pinehill Pacific Berhad’s group of companies to purchase agriculture
lands measuring approximately 8,999 acres together with a palm oil mill in Daerah Hilir Perak
for a total combined purchase consideration of RM413.57 million (“Proposed Acquisition”).
Barring unforeseen circumstances, we expect that this Proposed Acquisition will be completed
in August 2019.

3 wks to 60sen

no need to wait till Sept, next 2 to 3 weeks you will see something..

Every new contract win or extension is gonna add up. NSW is a plus especially during this trade war. DNex price is capped low as the final outcome of the Penalty imposed by MyCC will only be out in Sept. But its good to see some roar from the counter and hope more will come soon.

Someone will soon wack the warrant up

https://www.theedgemarkets.com/article/cgscimb-research-upgrades-dagang-nexchange-raises-target-price-30-sen

Means potential for 35 to 40sen...:D

Another 8 weeks. Doubt there would be any contra play, most buy and await the spike

25sen retest

After the dsonic run, presbhd and Dnex would be next

Independent advisors report is our and the board will proceed with the disposal.

Once the cash is in the bank and word gets around, there could be other biz proposals and a change in the utilisation.

Indonesia and Malaysia kicking off their bio-diesel programs

https://www.reuters.com/article/us-indonesia-biodiesel/indonesia-starts-testing-30-biodiesel-in-cars-amid-push-to-boost-palm-oil-consumption-idUSKCN1TE0KW

Approval obtained, the sale is now UNCONDITIONAL, would be completed by 1st Q June 2020 which is actually by September 2019.
Downside is that due to the extension in lease and the surrender of 10% of some land, the vendor could compensate 12.5m to the Utdplantation.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6188621

We refer to the Company’s announcements dated 21 September 2018, 27 September 2018, 26
December 2018, 18 January 2019 and 17 May 2019 in relation to the Proposed Disposal.
On behalf of the Board, Kenanga Investment Bank Berhad wishes to announce that each of the
Vendor had on 10 June 2019 entered into 3 supplemental agreements (“SAs”) to the SPAs with
the Purchaser.
The SAs were entered into to vary certain terms and conditions in respect of the payment and
timing of release of Disposal Consideration of the SPAs as a result of the conditions imposed by
the Pejabat Pegarah Tanah Dan Galian’s (“PTG”) in their approval dated 7 May 2019 to the
Purchaser pursuant to the Purchaser’s application for approval under Section 433B of the
National Land Code, 1965 for the acquisition and transfer of the Plantation Assets (“S433B
Approval”). The Purchaser had accepted the terms and conditions of the S433B Approval on 10
June 2019


EFFECTS TO PINEPAC
Based on the circumstances imposed by the authority on the Purchaser, PinePac may be subject
to compensate the Purchaser RM12.5 million. This represents approximately 3.0% of total
proceeds of RM413.57 million from the Proposed Disposal.
The potential RM12.5 million compensation however, is subject to the following events:
(i) The Vendor or Purchaser is required by the appropriate authority to commence and/or
implement the Required Exercises in respect of the Plantation Assets before the
presentation and the registration of the transfer in favour of the Purchaser.
(ii) the appropriate authority does not require either the Vendor or the Purchaser to
commence and/or implement the Required Exercises before the presentation and the
registration of the transfer in favour of the Purchaser, then for a period of 12 months
thereafter, the RM12.5 million may be payable to the Purchaser if the Joint Stakeholders
receives a Retention Sum Notice from the Purchaser.
In the event, none of the above event materialises, the compensation therefore will not take effect.


On behalf of the Board of PinePac, Kenanga Investment Bank Berhad wishes to announce that
all conditions precedent of the SPAs have been fulfilled by the Parties and accordingly, the SPAs
have become unconditional on 10 June 2019.





Accumulation mode all the way. Fly fly fly.....

Hope the exco mtg end of June tables this sale for approval

Looks like the news is true... PING is up for sale and Dnex is about to make a killing.
https://mobile.offshoreenergytoday.com/report-uk-north-sea-operator-up-for-sale/

With new Wells and more reserves discovered since its purchase, hope Ping could double its value.. Price shld gap up soon.

Yes, needs the final go from Exco. Perak is trying to be investor friendly and would support a larger corporation like UTDPLT to help the smaller plantation companies whom cant have scale. Its good for the people in the state and would bring in better innovation to the sector there. Plus once they have this big boy playing in their back yard, there could be more M&A's in Perak plantation scene.
Good price to accumulate.....hopefully fly to 60 sen soon....2x

if we declare all cash and investment as dividend, think got 1.20 leh. Sumore left shell and business...no wonder CEO keep buying

UP awaiting final state approval for the purchase. Hope the exco sitting was attended by the quorum and chairman to approve land transfers. The transaction is deemed to be completed very soon.

Think it's their strategy to look long term. They are catching the trends and doing well in most areas.
Next 2 QR shld paint the true performance

waiting and waiting...when willl the big $$$ come in....after selling pine pac gonna sit on TDM until it ripens...now very low too.....hahahah

CBSA name more ong last time. with the big corporate moves hopefully the share zooms up soon

Oversold - might rebound in a few days but don't expect a race up the hill. Anasuria 27M BBO confirmed @ 15% overall stake its a value of RM 250M at USD15/bbo profit.
VEP is a subcontracting job - if it goes away there could be other focus ahead. In fact when they clean up all the ministries and divisions / GLC's of the direct nego contracts, there could be more opportunities for winning real jobs. VEP business was already slashed to a subcontracting layer, which means the main contractor already took profit.

Calls to improve broadband services bodes well for more undersea fiber optic jobs or repairs due to earthquakes.

IT and training would also hopefully deliver. And i believe Dnex is also looking to get into the LSS solar plant jobs with their new energy subsidiary.

Halal hub for Tokyo 2020, regional value growth and the AI introduction for SME, logistics and BD optimization should drive business .

Overhang is the RM17M penalty by MYCC which seems to be the highest for providing an essential service on the backdrop of productivity improvement. Such penalties could be appealed further by the high court .

https://www.thesundaily.my/archive/mycc-has-collected-rm3m-rm234m-total-fines-imposed-so-far-CUARCH513574


In light of no firm news and developments, use your best judgement.

Still holding strong... Why not pushing up beyond 30 sen. If it moves only buy.... So far no news also...

Dnex gonna move beyond 40. QR out in week and oil price recovering due to opec cuts.
Oil prices advance as Saudi to cut output http://newswav.co/xrlXqFS1Sm

Let's see if the drive continues till next week or dies off. Maybe some announcements coming

All the risk including the fine and low oil price is priced into the current share price. If the MYCC fine is dismissed, price shld be 50sen. With the new biz and positive oil pricing above 65usd, price in the region of 65 to 70sen

Back to 40, soon will see 20cnt. Transfer subject to approvals, UP should just wait for bank lelong. Indonesian ops seems also quite challenging. If they don't flush out special dividend then the funds will be burnt up by the indon ops. After all its only going through next year. Anything can happen in between

Shld have known its a trap... Stupid Co didn't announce the full details of the transaction. Prob got syndicate to goreng and trap ppl in. Transaction gain and dividend so low.

In FY2017, the total planted areas of the Indonesian division remained at 8,985 hectares while the matured area increased to 8,947 hectares from 4,223 hectares in the last financial year.
FFB harvested remained at minimum due to the challenges of availability of sufficient local harvesters and good road infrastructure to transport FFB to mill.

Good news for as from end this year onwards, the crop yield would be high for the next 15 yrs. Indo labour content cheaper due to devaluation of the INDR and with the estimated RM70m of the proceeds poured into the indo plantation infrastructure, the company can start to be profitable .....

wait for a super show

apolloang, this company can change name to GoldHill Pacific Bhd next.....kakakak...

should end the week at 85¢...

Dont think related but from his profile from RHB IB. A corporate boy, from AGM Q&A he knws what he is doing and seems to have this Tembusu issue under control

well done, huge cash pile now. Can almost buy into any small mkt cap stock. Can easily rebound

gary boy wonder starting to buy in. Show of confidence.

such low volume, I see buyers nibbling. confident that it will move back to 90¢+ soon, although it might stay there for some time

manage to get some at 81.5. pls sell to me more

Thanks khuen for the insightful snippets from the AGM. Its good to knw that mgmt is working hard to get out of the swamp. Buying in with any gap down seems to be on the radar of many investors. Even if they do nothing to improve the business, the fact that their wise directors put half the company invested in growth stocks will yield its own results like an equity fund. So for me as long as dividend yield continues to be good, am waiting to catch more at lower price.

I think mgmt playing a game, trying to buy out cheap. They never revalued property, plant and equipment. plant and machinery almost fully depreciated with original value of rm107m. No wonder bad news now, can clean up, shoot up soon

Dont take it private as yet, cannot play such dirty game and write off an investment which can be easily redeployed and reinstated. Cash rm78m, investment in stock rm88m, unless they offer rm1.20 or better. Let us buy in cheap first...

how come ppl still supporting and buying up. Que for days cannot get any.

Q4 might see reversals and some upside

The Plaintiffs are claiming damages for loss of profits to be assessed in respect of
the termination of the ASG Distribution Agreement against all the Defendants and an
aggregate sum of RM 7,216,719 in respect of the venture up into selling biometric
devices against Sun Chee Kong and Tan Chong Chew @ Tan Ying Ying.
Plantiff’s discovery application against the 1st to 11th Defendents and the case
management are fixed for hearing at High Court on 28th November 2017.