Something not right. Scared. Run.

Actually it's pretty clear only 2 left.

Theta is like a dream contender to DNEX's bid. Can't get better than that

DNEX is like Trump. Theta is Biden. Who will win? Hard to say and you can't vote for both

In the stock market tho, you can always have both

@ken you have to agree by now DNEX has not priced in NIISE win. But yeah it could fall more...in fact if we look at the moves it should fall more to break all hopes for people who bought high, before it goes up again. People who wants to buy, have bought. No one is really selling. This explains the low volume. But I don't dare to sell whatever I still have haihz. Wait la

What I am saying is, I am not afraid to buy high sell higher, I am a trader. But must avoid the limit down trap, I never fear taking a loss when it comes to that, I fear very much being disallowed to take a loss until it exceeds 30-50% gosh

I agree...Theta isn't NIISE. Something is brewing. But yes still scared limit down, you not scared? 😂 Limit down I kena before, it means there's no out, no cut-loss, trapped for donno how long, waste of capital

If Redtone is merely being opportunistic, then chinese reports that Vincent Tan took a stake in DNEX could be true. Just that DNEX is much larger, the smallish millions block didn't pass 5% threshold. I will continue to have both, just hoping when DNEX gets it, Theta don't triple limit down - give chance to run pls lol

On NIISE - logical speculation really should suggest DNEX > Theta

1) Recall that one of the failures of IRIS was they were unable to come out with the 20-30M for software licensing. Theta is not much better if you look at their cashflow position + now that they have the MPAJ 700M contract

2) It's reported Theta is poaching Heitech's personnel to produce the new system and to keep cost low. This is a baffling proposition it means (i) Theta is not ready yet, basically hentam bid first, get things in place later to execute the contract and (ii) if Heitech's people were good enough they shouldn't be dropped from the list + government doesnt need to fail twice in an attempt to revise a system that is currently operated by Heitech

3) Theta does not have the track record to deliver on a project of this size. Understand that Jendala is very different from NIISE. DNEX has more records via the national single trade window - and the smallish Saudi-Mecca border projects + LHDN project. So for Theta to get it - it's saying that the Govt, after having failed twice with high publicity, is willing to appoint a contractor that has no track record, have not shown they are now ready to take it on, can't show the financial strength, all because Theta is cheaper?

4) Theta's management CEO was DNEX's head of HR and a motivational speaker of likes. The Individual substantial shareholder is DNEX's O&G head Zainal Abidin. Their office is medium sized in PJ currently primarily dealing with ending of Jendala contracts. No where does it show Theta is of the calibre in talents, or financial strength, to produce a new system for border control that cost 30% lower than prevailing systems

5) Theta shares are already being cornered (why I bought some) together with Redtone's entry. There's speculation that because Vincent Tan + Agong owns Redtone, Theta is getting NIISE. Then there's one glaring question - why then did Redtone themselves, which have bidded for NIISE, got dropped? VT&Agong's direct financial interest in Redtone is wayyyy larger than the indirect smallish stake in Theta

6) Another suggestion is Tabung Haji being the largest shareholder of Theta gives them an edge. This is an odd argument if u look at it from Anwar's pov. Firstly Tabung Haji...has no record of successfully delivering on innotive projects, if any, there were scandals and blunders only. Secondly, if Theta fails, or have VO and repeat the twice highly publicised failure of this border control project - u can't take on Tabung Haji to blame. They are a passive shareholder and have to be faultless. So if anything, TH should be a point to discourage project award, not the other way.

So...while I don't really mind whichever way NIISE award goes, it's just baffling to me that Theta should get it!

Actually right...if Redtone/VT/Agong's entry indicates Theta got NIISE - then why did Redtone themselves lose out on NIISE bid?

I maintain that this setup is really x 3 very much a classic setup for an upcoming rebound. Having that said, to deal w itchy fingers, I did sell at 43.5 yesterday and bought at 42.5 today. This helps w the hopelessness guys 🤣

KingDavid is right, this is usually how most of us feel. Well, the level of depression in this counter is pretty high now. It's always the darkest before dawn. The longer it goes this way horizontally the longer the vertical rebound. 8dragon's 38 cents is possible tho, especially if they missed NIISE - good excuse to flush one more round.

RM16-25, so optimistic ah. Pump and dump la. $3 I am happy already 😂

@Johnchew123 no I don't believe can plunge 38...43 tried and tested many rounds. But I am saying since we have not sold and won't be selling at 43, might as well hope for it to fall to 38 and then we double down buy more. Why not? Sector is good so this counter don't need to cut loss - patience game

If you haven't sold from the 50s crash, might as well hope for 38 as soon said to double down.

On NIISE, both counters are not moving like news leaked. Govt officials mouth so tight this round - or it's still undecided lol

It's a pity DNEX shareholders have to resort to hope on NIISE...which wasn't in play all this while. Back in Jan'24 tender closing no one even knew DNEX had place a bid!

It's just that we are not prepared to take that path yet, the home grown expertise. Why risk 800M for border control now? To achieve that the game isn't now...it goes back to MOE, right the education, right our talents, bring back the Msians working in SG and US, then we're talking...

@Ron90 can't say sickening la...that's how Bill Gates became the youngest billionaire in the first place. That's Intellectual Property. It is with these protection and rights that people are encouraged to innovate and make the world a better place 😆

@i3Broly, the Edge Weekly, Pg16

Further, it's Theta we are talking about...to come out with a standalone system different from others. Even the public like us will be worried. Will the Govt take the risk in the name of innovation?

Putting aside DNEX or Theta...I would prefer a tried and tested product especially for Border Control. The last thing you want is a standout system that fails. There are other opportunities to showcase Msia's innovations and talents, if any

It is no coincidence that Redtone is entering Theta at this time. So if you are for DNEX, the Vincent Tan+Agong connection makes Theta greater competition - add in Tabung Haji as major shareholder

The main difference is Theta is coming out w its own border control system, whereas DNEX is using a system currently in use by many countries

So DNEX has a standard product, tried and tested over time

Theta is developing its own system and made it cheaper

To keep the costs low, Theta has is hiring from Heitech, for those who know the current system myIMMS which was established in 1993. Their proposal is to upgrade from there

The Edge reported that another meeting for NIISE took place late last week

DNEX's bid is standing at 1.1-1.2B

Theta's bid is 800M

Apparently insiders cannot say which way it's going. They can only say an announcement will be made soon

Reference is made to the Company’s announcements dated 27 October 2023 and 27 May 2024 in relation to the execution of a binding heads of merger agreement between the Company and Knusford to explore and negotiate the Proposed Knusford-ECSB Merger (“Announcements”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcements.

The Company wishes to announce that the Parties have mutually agreed for a further extension of 6 months commencing from 28 July 2024 to 27 January 2025, to grant more time for the Parties to assess, evaluate and deliberate the Proposed Knusford-ECSB Merger in detail and to discuss and negotiate on the terms of the Definitive Agreement between the Parties.

This announcement is dated 26 July 2024.

Reference is made to the Company’s announcements dated 27 October 2023 and 27 May 2024 in relation to the execution of a binding heads of merger agreement between the Company and Knusford to explore and negotiate the Proposed Knusford-ECSB Merger (“Announcements”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcements.

The Company wishes to announce that the Parties have mutually agreed for a further extension of 6 months commencing from 28 July 2024 to 27 January 2025, to grant more time for the Parties to assess, evaluate and deliberate the Proposed Knusford-ECSB Merger in detail and to discuss and negotiate on the terms of the Definitive Agreement between the Parties.

This announcement is dated 26 July 2024.

Reference is made to the Company’s announcement dated 27 October 2023 and 27 May 2024 in relation to the execution of a binding heads of merger agreement in relation to the proposed merger of the construction and construction-related businesses of Ekovest and Knusford via the proposed disposal by Ekovest of its entire equity interest in Ekovest Construction Sdn Bhd to Knusford (“Proposed Knusford-ECSB Merger”) (“Announcement”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the Announcement.

Everything is pointing to imminent rebound hmm. Bit too obvious. Anthing pointing otherwise?

The risk/reward proposition is really pretty good. Unfortunately I too have finshed up quota given DNEX's sudden collapse...how bad can Ekovest be? 43c? 38c? If it's 38c you just lock it up and wait. Construction theme is a major trend that one can take a risk and ride w it, no worries bor. On the flip side if LKH gets his way, this will be his flagship, can go v high la

Before/after the May extension to 27/7, there's really not much movement. Flattish price in low volume.

43c when all other construction stocks ran away. And this one has some links to Johor royalty and the exercise involves one of the largest iskandar landowner..wow.

43 cents have been repeatedly tested. It works until it breaks. So 43 if any is entry not exit point...

Hibiscus is up 4%+ after the PSC announcement. DNEX just made a similar announcement. Details sparse.

Momentum weak, doesnt look like it can go up today.

Fundamentals weak, catalyst all pending, make life difficult for us la this counter. Testing patience. Hopefully w Silterra turnaround we can finally ride with a lasting uptrend.

It's testing patience that's it...it can come down more and it isn't that scary because while fundamentally weak, fundamentals is there for all to see

Underestimated/ forgotten the power of call warrants 😅

DNEX-C26 2024-07-29 0.42
DNEX-C25 2024-08-30 0.42

👆👆👆 is absolutely right

So ended up buying instead of selling. Well, lots of luck needed or else sure kena trap

By right...breaking down to this level one should sell first. Saving grace, this is a low volume break down after an extended period of steps down in equally low volume

I think LKH will proceed once he has the shares. From Sep'23 postpone2 is because he doesnt have enough to push through the proposals

That will come, after they have the votes, complete the proposal and merged into Mega Ekovest 😆

@anson, cannot, then it is a real uptrend and more people will buy, and they will have less shares to push through LKH x 4 proposals

@anson, force people to sell lor, eg:




Boringguy

https://www.propertyguru.com.my/property-news/2017/7/156581/ekovest-launches-gombak-river-project

Just finish yamcha with my friend.. all of them already sold their holding at 0.51 yesterday and their average price 0.47... my friend feel uncomfortable with the recently new on the river of life... too risky to hold...refer to upper new.. if the river of life project fail or ekovest drop from pdp.. not sure the land swap need to give back or what?..one more things is coming 27 July is they go ahead they also need get approved from AGM correct? not sure my friend source correct or not.. some of the shareholder not agreed on the propose and not easy to get approved...anyone got news on it ?

17 hours ago

Bursa's cheapest stock remains just that, it's still the cheapest stock hehe

I still think it's about control. It took real money to pump it up, and then flush it down. Can't really see how syndicates profited from it. But can see how more shares flowed into their hands. Don't forget LKH previously proposed for Eko to takeover IWC properties but failed the vote. This round proposal is not mcuh different, does he have the votes?

U guys really think LKH will call off his proposals? He is getting quite old already, does he intend to carry his proposal to the grave without realising it. That'd be sad

Buying more at .415, not waiting for .380 la. But I often err on buying too soon and also selling too soon 😂

Recall that pre MMC takeover, pre announcement, post announcement and days before the final vote, they were still flushing it up and down - more volatile than Ekovest when takeover deadline was just days away!

When the objective is to have enough shares to control the votes, it is different from syndicates profiteering. They may lose money in the process for a longer term gain. Of coz it's best to make some money too hence the flushing up and down

The previous extension + the way the syndicates are washing up and down suggests they do not yet have enough shares, but maybe they are close

@Albukhary, Ekovest taking Knusford shares at 2.40 (when it's now 80 cents) is a poor deal for Ekovest shareholders. Grounds to object. To push it through u need either of 2 things 1) push Knusford up to 2.40 or 2) have enough shares

Albukhary

@Johnchew123, give me 1 reason for each compony why merger should be terminated?

1) If you are Ekovest shareholder, why you against the merger?
2) If you are IWCITY shareholder, why you against the merger?
3) If you are Knusford shareholder, why you against the merger?

6 hours ago

Not true John, 27th May announcement extension from 28th May to 27th July, so 1 day