Hahaha, unbelievable....but it gets its first ~50mil contract after RI already.....so how?

Thanks for update! Yes, good news!

This one from Fintec is the first one,
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3210918

There are supposed to be two more: GRubber and PNB.
I commented a lot here in July and August because I thought these info very important.
Now, I relax and just waiting for these EPCC contracts to give good QR and hopefully dividends :)
Just be patient, i think company needs time to implement plans.

Besides MZM2511 several of us also provided accurate published facts and numbers, eg. Average cost per share was ~ 7.7sen, major share holders paid ~6sen or equivalent, and so on....pls refer back the postings and headlines. Based on those evidence, I think Kanger is not a con company, and has good potential. Just hope ppl don't simply sell off their shares at big loss due to misinformation. I stay invested in Kanger.

Yes, we need to be aware of such conmen!

I think price now is good bargain. Remember to convert WA to mother was .235 then consolidation 3 to 1, so .705 already. Taking the average TP= 1.03, I won't sell at the price now. Something like .78 will consider if I need cash, haha

https://www.enanyang.my/node/442791
Hospital at UTAR, more passengers for Ptrans!

Great! Assuming just 10% profit from the contracts, that's already over 400mil!

Dividend received today, plan to use it to top up more!

Correct me if I missed key points!

@koxkox, thanks for the helpful write up below:
https://klse.i3investor.com/blogs/JBLwithkoxkox/2021-11-17-story-h1593872124-What_investors_should_know_about_FAST_KLSE_0084_beyond_rights_issue.jsp

@Justinwee, good points!

Just want to add that the contracts worth over RM 4 billion to supply bunker fuel is based on "future" fuel price, so this means there is not much risk due to fuel price movements!

See for example:
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3163788

Abstract from announcement: "....The price of the Products shall be based on the average price per metric tonne as reported by S&P
Global Platts in Singapore (Mean of Platts Singapore), plus an agreed premium throughout the
Contract Period effective for the relevant shipment of the Products on the weighted moving
average for each month (inclusive of the first and last day of the month)."

So it's puzzle to me why with such good prospects the share price is so low? I think it's a good time to buy & join the group!!

danchong, thank you for many helpful updates! Same to others who have been sharing helpful info!

https://www.enanyang.my/node/442659

No regret holding this counter since last year for dividend, but looks like it will be more than that!

The average TP given by Public Bank, Kenanga and AmInvest dated 17 Nov is RM 1.03! And 1.03/0.68=151%,lots of room to go!

Its profits should be going up, and so the dividend. At current rate it's already 4.85%(.825*4/68)

Thanks to both of you! raising doubt and providing clarification, helpful info to the rest of us.

I sold Lambo last year, not looking back. Not selling Kanger, haha

@JKPTR, I think JK22 has a point....is Lambo and Kanger comparable? Lambo failing means Kanger also no hope? From publicly available info, I'm still hopeful it will go the way of Ptrans. Of course, no guarantee, haha

If right issue, I want to support... it's for good reason! Ya, let small investors enjoy the discount mah!

Dividend up! from .8 to .825sen

EPF and KWAP may be taking up AxiReit PP. They are already major shareholders. EPF also bought into Ptrans after consolidation. Is it not possible for this to happen to Kanger after consolidation?

So far no panic selling following consolidation news....what it means? To me, it's a good sign. Ptrans upon consolidation went up, and then down and then stable now at about 70 Sen.

Dividend should be announced soon

Be_Greedy, what I said about Ptrans was based on fact. Can check the ARs, I just cut and paste from the AR the names of the funds

A few weeks ago, I did mention that consolidation might not be a bad thing and cited the example of Ptrans which consolidated 3 to 1 in Jan 2021. If you compare the 30 largest share holders in Ptrans' 2020AR and 2021AR you will see some funds have bought into Ptrans after the share consolidation. For example:
CIMB Commerce Trustee Berhad – Kenanga Growth Fund 1.796%
CIMB Commerce Trustee Berhad for Maybank Malaysia Smallcap Fund 1.533%
CIMB Commerce Trustee Berhad for Kenanga Growth Opportunities Fund (50154 TR01) 1.153%
CIMB Commerce Trustee Berhad for Kenanga Shariah Growth Opportunities Fund
(50156 TR01) 1.068%
Malacca Equity Nominees (Tempatan) Sdn Bhd
• Exempt An for Phillip Capital Management Sdn Bhd (EPF) 2.568%

Ptrans share price did not fall flat after consolidation. So far I'm quite happy with its performance.
Yeah, I can't see why the bosses of Kanger want to do a consolidation exercise if it will cost them losing millions! Remember that they got most of their shares at 6 sens.

Just my sincere observations. Hope we will still be rewarded, based on the many positive undertakings by Kanger which should bear fruits when the time is right.

Bought more, I like Uncle Don...think it will bounce back

Good, steel up 2.4%..inching back up everyday?

Don't know much about bcmall, but I was not convinced by its high cost of developing the apps and website. On the other hand, Kanger gets like 20% discount for the Genting Apartments, not to mention various other ongoing or waiting in line ventures!

Masteel price a bit too low?

Steel future also up some yesterday....

Steel up 0.61% ....how is the future?

Kita sabar, he he

@MZM2511, Your contributions to this counter are obvious. Not just me, but others have said so. The factual information you provided are highly accurate. It helped me alot as it will take a lot of time to dig out those facts. That's why ppl who just spam every where with almost the same messages, how can they have the time to find out the details properly? Perhaps, some may even be robots, or some may even make software to do the spamming?

Gtrade, it's you who doesn't show understanding.You should pay him more than half.... you get discount when buying in bulk. That's why it is damn good bargain now, cheaper than what directors paid!

Looks like you are keen, then I cannot back out. And you said 1 year too long. Ok, 7 months. Let's set the terms clearly: If any transaction done at 5 Sen and above before 30 June 2022, I win, else you win!

@Gtrade, I replied to your challenge, so how now?

@MZM, sometimes our postings crossed due to time-lag I suppose. Ya, Gtrade seems new to Kanger, but he keeps saying negative things as if he knows everything. He was the one who wanted to bet.. so I gave him chance lah, haha

No issue, we want a gentleman bet, we factor in consolidation. Eg if consolidation 10 to 1, then 50sen and above I win, 49.5 Sen and below you win! I am holding Kanger long term....one year not long. Deal?

Gtrade, haha, you nearly give me a heart attack! I thought how come got PP and I don't know!
Back to the bet, your time frame too short lah. Today can buy at 4 Sen, 5 Sen means 25% increase in one month!! Too much lah.....You have been giving the terms, so can let me set one? Time frame is one year and one month: by 30 Nov 2022.

@Gtrade, ok, we bet 5 rgt, 5 Sen and above I win, and we seek MZM as witness. But by when?

Anis, thanks and wish you well! bye for now :)

I sold all as i have a bit only. Also Difficult to keep track of too many counters. Profit enough for minum kopi for 2 months. Conclusion: can profit, but maybe don't be greedy.

Yeah lah stay cool.... Looking forward to go Genting soon. nice and cool. Come 2014, hope to stay in Kanger's apartment there, haha.

Nobody sell WB at .5 Sen today.....why?

@Gtrade, Ppl already mentioned many times Sung Master and Director Kuah got their shares at 6 Sen, so you still think they want to con you by offering 4sen?
I bought more.

@Gtrade, waiting for your answer....

I did collect more...

That was a fake Q, but now wb fetching 5sen, not bad!

If so interesting to figure how much should mother fetch!

Note: t-o price for WC is 10sen, is it real?