Construction company with RM500m IPO + NO price stabilisation mechanism

= 不是等死， 不用等，一开就死

FY17 - Revenue RM92.1 million
FY18 - Revenue RM136.5 million
FY19 -Revenue RM97.4 million (9 months only, see link below)

FY17 - PAT RM19.2 million
FY18 - PAT RM31.2 million
FY19 - PAT RM26.1 million (9 months only, see link below)

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=205756&name=EA_FR_ATTACHMENTS

FY2019 gonna surpassed all the years

@csan yeah. Of course yacoob has lots of company using proxy. He is a season corporate fella

If I am the director, just use the money to acquire his own company at crazy valuation. Siphon $ out from the company.

@Choivo Capital ya lo. wait at least another. and if his mood is good, then do another SCR

you guys think all these Investment Banker cheap a. The major shareholder already spent so much money to launch an offer, and failed. Wait long long until he offers again.

Tomorrow drop to 50 sens

@stupid wait 1 year

@huntertee Exactly. MSWG will push them to release the dividend anyway.

the company is busy with MSWG reply also. wait a bit more to approve the EGm results.

If they dont increase the offer, gg-ed, drop back to 50 sen

Pending the major director to increase offer.

Drop until you guys ah ma also cant recognise

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=193526&name=EA_DS_ATTACHMENTS

Does anyone know how to find the next MAA? deeply undervalued stock

@jamesooi yeah, free 10% money on the table...

Bye Amtek, bye Amtek Minorities

@AMTEK Minorities Kiss goodbye your shares XD

Delisting soon, so what now?

In the circumstances and pursuant to paragraph 8.04(5) of the Main LR, please be informed that:-



the trading in the securities of AMTEK will be suspended with effect from 18 March 2019; and
the securities of the Company will be de-listed on 20 March 2019 unless an appeal against the de-listing is submitted to Bursa Securities on or before 15 March 2019 (“the Appeal Timeframe”). Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.

Tony speaks whatever the circumstances is necessary. 见鬼讲鬼话 anyone still remember what he speaks about BN? If you take his words seriously, you already lost myself.

Why does everybody cant see it? The share price drop because the company forecast earning drop. I am surprised that Pos Malaysia still pays a dividend, given that earning power likely to drop.

Undervalued

@Linda77 I am increasing my holding in MAA last Friday, lol...but still small compared to big boys

One way, we can force him to issue dividend first, and still SCR at RM1.10

There are only 2 short term scenarios here:

1. The deal got rejected - The owner will up the offer to RM1.30 or RM1.40

2. The deal got approved - You will get RM1.10 in 2-3 months time, hence at the current price of RM1.02, there is 7-8% gain (even net off bank interest rate of 4%, there are still 3% free lunch) on the table for grab.

Either way, there is still room to go, why dropping your shares now?

Also, we only need 16,774,069 shares (or 6.1% shares) to block this transaction. A simple look up at the annual report:

Offerors: 105,777,084 or 38.67%
Top 4 - Top 30: 60,394,921 or 22.08%
Below Top 30: 107,345,747 or 39.25%

Also, the size of holding is as follows:
Holding below 1 million shares: 58,479,527 or 21.38%
Holding more than 1 million shares: 109,261,141 or 39.95%
Offerors: 105,777,084 or 38.67%

Look at the numbers above, 6.1% of shares are very achievable. Just those sleeping shareholders (or those who forgotten above it) add up will be close to that magic 6.1%. Or, the easiest way, we only need 6 of the Top 30 shareholders voting to block the deal.

In short, a few shareholders can hold them greenmail (ransom) already. For small shareholders like us, just hold on to it for greater profit.

If this is US market, a hedge fund will sapu the shares, and work with a few shareholders to force the owner to up their offer already.

Ya lo, sad to see they shares wallop by the owner. Owner's operator happily sapu at RM1.02 now.

Guys, don't sell below RM1.10, the boss keep sapu only

If the market now price it at RM1.50, the independent advisor will reject the deal, because it is better of dispose in the market. So if the owner desperate (which they are, given how much they spend on advisors), they will up the offer again.

RM1.20 is limit up today...meaning don't sell today...

Guys, the owner will arrange a sapu at RM1.10 - RM1.20 today. Hold your balls and don't drop it until at least RM1.50

@TA_trader Exactly! That is why we need to force them to revise the offer like Selangor Properties

It is a typical sales negotiation technique. They surely have reserves to up the offer price to RM1.40, and hopefully RM1.70 even...book value already RM1.90-RM2.00

I think RM1.4-RM1.5 is not a problem since they launch a takeover offer out of the blue. Whoever sold too early gonna regret.

This DATO' LUA CHOON HANN keep acquiring like mad, lol

Please sell until RM2.50 please, waiting to collect 99

ALL STUCK, hahahaha

If today no support coming in, I foresee this will crush back down to 1.8 on the T+3 settlement date

They should conso first, like 20-1, then let it drop to 3 sen again, then only do a takeover offer. Save more money, LOL!

thesteward, seems like you know something :D
---------------
On behalf of the Board of Directors of SRHB, Mercury Securities Sdn Bhd wishes to announce that the Company proposes to undertake the Proposed Placement.

Please refer to the attachment for further details on the Proposed Placement.

PE 15 for a sun-setting stockbroking business... use the money to invest banking stock like PBB and Maybank better...

I think they consolidate so they can look for private placement investor.

Guys, just attend the EGM or send in the proxy form to reject the Proposed Exemption. In the Proposed Exemption, all the interested shareholders (PNB and TSS) will not be able to vote. So we minority shareholders are enough to throw this proposal out of the window because of inter-conditionality.

"The Company intends to procure a written irrevocable undertaking from STSB (including Tan Sri Dato’ Seri Shahril Shamsuddin (“TSS”)), PNB and the Funds, and any other shareholders of SEB to subscribe in full their respective entitlements under the Proposed Rights Issue of Shares with Warrants based on their respective shareholding as at the Entitlement Date (“Entitlement Undertaking”) as well as for the Excess Rights Shares Application.?

So TSS and PNB just "say" they will support, and not even put their committed amount on the table for the announcement. Worst still, TSS will NOT SUPPORT the ICPS (only support shares). Half-hearted support?

And PNB, please dont use people's money for this kind of support.

The management already sensed that the Proposals are likely jammed in the upcoming EGM. They still have debt, we know. They will sell their assets and business to raise fund. That is a MUCH better option (mind you, net assets is RM1+) than continue to dump shareholders' money into cash-burning business!

I spoke with a few shareholders. All of them going to reject the Proposed Exemption, hence the Proposed Rights Issue of Shares and ICPS will be ABORTED too due to inter-conditionality. Guys, stand strong and reject this stupid cash call and hopefully, it will float back to 60 sen or more.

zzz, when will it go up?

Is the boss keep sapu at 4 sen? last night sapu RM1 million already, today sapu RM600k again... I hate it when market sell so cheap to insider

They are giving 3 years bonus warrants, worth at least 1 sen I think, lol

Maybe that is why so many buyers at 4 sen