Current market capital is 106mil,disposal price is 123.8mil,good deal

Normally MD will not sell directly to market,this will affect people's confident & share price

Cannot compare Hapseng with Ml Global. Hapseng's boss purchased from market made the price up.ML Global's boss not buying from market,they printed huge shares & ready to sell in the market.They use little fund to push up the share price when not so many shares in the market

They might follow Dato Beh's footstep.If really can sell this company at market price,they can earn at least 500mil.If you can earn 500mil in one year plus,why you choose to earn 40mil in one year.But for sure nobody will buy this company at this rate,they only can sell it in market & you can know by volume traded.That's why I will base on target volume to sell,not target price to sell.

PtransGoGoGo.Yes,you are right,not enough retailer able to absorb the shares,that's why they need to take more time to dispose(.Media strongly recommended,this will make more retailer to absorb)I am not sure whether you aware that one of the current ED was MD for Vintage Bhd.ML Global former name was Vintage Bhd. Previously the share price was push up to Rm2- 3(I can't recall the actual price)and the shares was dump until the price drop to 0.10+ & the company was fell into PN17.LBS bought over the remaining shares from him and able to control 51% of this company and he was appointed as ED for this company.The same story might be happened again & probably in very slow progress.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5647565
After conversion,total shares become 496mil,total shares for warrant become 6.4mil.

I am not rushing to sell.The major shareholders need time to dispose their shares.Once the daily trade volume increase abnormally,then it's my time to sell.My guess is they will support or push up the warrants once they want to sell their mother shares.Currently total shares for warrant is 10.3mil relative low compare to mother shares whereby total shares is 492mil.Just need little fund to push up warrant

Sorry post wrongly

I am not rushing to sell.The major shareholders need time to dispose their shares.Once the daily trade volume is increase abnormally,then it's my time to sell.My guess is they will support or push up the warrants when they want to sell mother shares.Currently total shares for warrants is 10.3mil relative low compare to mother shares whereby total shares is 492mil.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5204973

Please read carefully,they sell MITCE S/B to ML Global 300mil,with the issue price of 0.67per share.They never paid ML Global a single cent but ML Global issue share to them,268mil ordinarily share & 180mil ICPS.Who determine the selling price?The seller & the buyer is the same person.That's why they own 72% as what you said.

Conversion don't need to pay a single cent.0.67 is issue price.

Warrants need to be converted to mother shares as it's difficult to sell the warrants in the market cause no buyers

ML Global has not received a single cent from conversion of ICPS.

at the conversion ratio of one (1) ICPS into one (1) Ordinary Share with no additional cash payment.

I do my calculation on expected PE .I assume property market still good & earning remain 10mil each quarter for the next two quarter. Normally public invest research never take ICPS into account.

PE=Price/Earning per share

Current price =1.63

Total shares is 492mil+90mil ICPS=582mil

Total earning per year 10milx4Q
=40mil

Total earning per share=
40mil/582mil=0.069

PE=1.63/0.069=24

If want to know the expected PE,just take the current price divided by 6.9ct

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5645409
4mil of warrants have been converted,.Look like operators also want to cabut

Maybe automatically converted.67.5k by LBS,22.5kby Datuk Lim.All together 90k.After converted,earning per share will be diluted.Now total shares 488mil,before 398 milTheir cost is 0.67,actual cost much lower.

Remarks :
The above ICPS are converted to Ordinary Shares based on a conversion price of RM0.67 and at the conversion ratio of one (1) ICPS into one (1) Ordinary Share with no additional cash payment.

The latest issued and paid-up share capital of the Company including ICPS is RM382,445,407.40 comprising:-

(i) 487,709,273 Ordinary Shares; and
(ii) 90,000,000 ICPS.

So good news or bad news?

In that case better watch out.MD & his cousin brother are holding all the ICPS.They have converted 90mil out of 180mil ICPS to ordinary share now.Probably they are planning to sell anytime.

Now more easy to push up the warrant after most of the people converted into mother shares.Total shares now is 14.5mil,after deducted Tan Sri,his brother & dato Beh 6.5mil,only left 8mil shares.If after deduct the shares own by operator,maybe no more shares in the market.

The 4th quarter result should be good.Probably LBS can transfer the profit to ML Global.By adjusting the contract sum,revenue for ML Global will be increased,hence earning will be increased.After all,LBS still own 51% of the earning.

The land is in golden triangle area,it won't affect by freezing order.Maybe more developer will be interested in this land cause other place not are allowed to develope

Chin him just accepted a LA for a contract sum of 238mil with contract duration 1 year.

10% GO is from private placement not from open market

I won't buy if the stock collapse because the cost of major shareholders is very low.I won't sell if daily trade volume is not more than 10mil because is easy to push it up

This is letter of intent,not letter of award.Can cancell anytime.

This is controlled stock.The daily trade volume never exceed 10mil.Not even 2% of total shares.Can not be analysed by chart.Apartment in Cameron is over supply.Not easy to sell.It's better to stop construction rather than having shortage of fund during construction stage.

EPF is not good investor.Otherwise it wouldn't give you 6% only

Actually can't put blame on MTD.They paid 0.76 to buy this company,they also a victim.They are not familiar with o&g.They may just listen to shahul Hamid.Shahul is Engineer,mayybe he is not familiar with cost estimating.He may just listen to his subordinate without investigate properly.His subordinate may miscalculated the acquiring cost.This is what I guess.

Refer to annual report 2017,net book value of the land is 13.7mil

Maybe they are more interested in 4.83 acre free hold land in klang

No.Just want to calculate the value of the land

Green Ocean’s palm kernel processing plant, which has a capacity of 8,000 metric tonnes, is being severely under utilised, running at only about 1,000 metric tonnes, due to working capital restrictions which have limited its ability to procure raw material and keep stock of it.The production will be increased after Mohd Yusri inject fund.

What is their land cost per fs?

Reach Energy to increase oil production, number of wells http://m.thesundaily.my/node/456928 (Share from StockHunter)

Any want know when are they going to launch their condominium in mount kiara?Building plans already got the approval?

Reach still owe MIE usd 44mil (Rm180),they failed to raise fund from pp.If they can't get bank borrowings,they need to raise through rights issue.

In addition,amount due to corporate share holders for long term & short term is (364+264)=628mil.The interest rate are 191mx12%,288mx7.86%,75mx4.86%,,74mx0%, which means they need to pay Rm50m finance cost per year.

Reach has 54nos oil wells,currently 14nos is active.Activate cost for each oil well is usd 6m(Rm 25m)(To increase production).They also need usd 35m(Rm 145m) to construct pipe line to port.(To reduce cost).

Currently reach has cash 46mil only in hand.This means Rm 180m is insufficient.They may need to propose rights issue for few times to activate new oil wells & construct pipe line.

It's very hard for o&g co to get finance from bank.

In addition, the long term stable income stream derived from the mini-hydro projects will
reduce Gunung’s dependency on incomes solely from chartering land-based transportation
assets. Under our small hydro portfolio there are 5 sites with an installed capacity of
34.25MW, at various stages of construction, and 4 sites with an installed capacity of
97.8MW, which will start construction in FY2018. The ‘Kerian’ site with an installed capacity
of 14MW, has been substantially completed and is currently undergoing the process of
commissioning and testing before selling energy to the national grid by end of Q4 2017.

Dark soul,the operation cost & finance cost per barrel will be reduce if production increase.What I mean was the increment of production is not significant,it won't reduce much on the cost.I assume 3rd quarter production is 4,000 barrel.The increment is (4,000-3,200)x60%=480barrel per day only

For 1st quarter & 2nd quarter,the operation cost is between usd 55-60,and the finance cost is around usd 18,based on daily production of 3200 bbl.Even production going up to 4,000 per barrel,it won't make much different.

I estimate this coming quarter lost 10 mil

After chiau took over boon Koon,this quarter result increase 665%,how about gocean?

Harlem.How about Linyl city coal price,where to check?

https://m.investing.com/commodities/coking-coal-futures-historical-data

https://m.investing.com/commodities/metallurgical-coke-futures-historical-data
You type historical data from 1.10.17 to 31.10.17,then you can see average price at bottom

The most important is price different between coke & coking coal.If price different is less than around rmp 500,then huaan hardly earn any profit

From 1.10.17~31.10.17, average coke price is rmp 2,017

The coke price for October is around rmp 2,000.Actually huaan already earn at least 1 ct in October

Someone don't buy a single share but like to 搞搞震，冇帮衬

Previous quarter revenue was 71mil but making 400k lost.If they can control the cost properly & make 5% profit,then they can earn 3.5mil which is equal to 1.3ct per share per quarter.If

Huaan factory can produce 1.8mil ton coke per year.Currently they only utilize half of their operation line.Now every quarter they can produce 900k ton/4=225k ton per quarter.