Anyways...the last day of the MEGB takeover offer is next monday. Hopefully by then the overhang on MEGB will be clear and Creador and SMRT can lay out further details of their turnaround plan!

Malas layan these people. Broken record haha. Talk like God actually just losers harping nonsense :P

Err how do you know he's still holding ifca dude..he's no longer a substantial shareholder there so you can't track his holdings...

Be ready to eat your words soon.

@Tomyam, erm ok bro... if you say so

Moneyking=tomyamgong?

Keep on repeating that mantra tomyam...

@ihunter, looking at your previous posts at other company forums, you seem to be writing in same manner. "Rumour here, rumour there" makes me question your motive a little bit haha, oh well anyways we'll see what happens on this front

@Ihunter, i can tell u for sure in my working experience in investment banking, just because u have all of the above, doesnt mean u will get the contract. How do u think myeg got their contract in the first place and rose to prominence? U think they didnt have high level officials in their back pocket? If you are referring to the edge article which claims the chinese backed firm with some local unknown firm is in the running i can tell you its not as easy as it seems. Unless the high level person is the PM himself lol

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1914369

Acquiring more shares?

@ihunter, unless you can verify your source or clarify that statement, its just gonna end up another rubbish rumour

Common sense guys, the project is extremely lucrative for them that if there are small issues like fix it with a little more investment. Even new companies undertaking the project may encounter similar difficulties (If not more)

@tornado, at the moment I have MYEG (mother and warrants), KSL, SMRT (big investment). Was looking at Privasia but the valuations just went mental haha. I wanted to buy MEGB but I think SMRT will benefit more from the deal

@tornado, any thoughts on other counters?

I've managed to enter also. Hoping for a short burst in the coming week or so due to GST!

@MoneyKing, aiya just cucuk2 only, you wanna stay around and crap out tp's everyday also can la. Everyone is entitled to their own opinion.

Alot of selling @ 2.80-2.81 man.

Whats going on with the counter?

MoneyKing88, if your target is wrong please shut up and go away can? lol

Director sold RM5,300 worth of shares, wow this is really going to tilt the balance man. lol.

@60 sen you are entering at the same price as Creador. Not bad man

@skng74, bro, you are wrong, it can go to 0 if the company bankrupt, which is a possibility. So cannot say 100% safe la. But yea 100% gain sounds really good man, best wait for that price to come soon.

XD

@alexyap, no bro, my according to my magic crystal ball, the best price to enter is 0.01, MoneyKing and TomyamGong are just to optimistic on this counter. I suspect this price will occur in the coming days if not hours.

XD

Yea sure, wait till i grow my janggut and the TP reach that level random people who have just appeared out of nowhere lol

Anyways, price went back to 51.5 sen. Wonder if they did a little more buybacks today.

Been buying SMRT till i have no more money man. Gotta hope this would be the start to a rebound. Long term investor anyways la so wont matter that much to me

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1908593

The transaction has been completed!

Overhang should be cleared!

@yongyou, no worries! Investors need to stick together!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1907097

Private Placement is completed today. Lets hope we'll see an announcement on a potential substantial shareholder (>5% of company's shares)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1908433

Siva Kumar ceases his position as substantial shareholder in MEGB.

SMRT should be the one of the owners of MEGB now.

Just as mentioned. The transaction is becoming clearer and all the issues are soon to be resolved. Hope for more positive newsflows ahead!

@munger that may be a plausible explanation actually. Plus the voting for the acquisition was approved. If Creador then its all fine and dandy.

Go look at TomyamGong's previous posts. First he recommend u all look at Ho Hup instead of investing in SMRT. Then you see what he puts negative comments about the counter and says its being played. For KSL says its a good stock, then ask people to sell. Super BS guy man.

Con job man

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1901833

@philan can also use for tax deduction if you buy new computer :)

wonder how much share buybacks can they do. They did the previous ones above RM2.10 right?

@esl_22 i certainly hope so! But as a long term investor, short term fluctuations shouldnt matter haha so long as at the end of the day super-normal profit is created!

@Tornado: I see, you mean like a lock up period. No, they do not have to hold it for a certain period. In fact, if they want to they can immediately dispose. But its highly unlikely. The investors you identify for the PP are normally strategic/long term investors or at least the majority of them will be. If the subscribers of the PP take up more than 5% in the company, expect to see their names appear as substantial shareholders in bursa announcement in the coming weeks.

@tornado not sure i follow your question, basically the PP means that new shares are issued to new investors. This means they will be new shareholders of the company and we are therefore diluted. None of us are vested with PP shares. Normally bankers will arrange to find new strategic investors and therefore this might be positive (really depends who comes in really). Hoping its someone like LTAT or KWAP. The placement exercise needs to be completed by end of March as the acquisition of MEGB shares need to be wrapped up soon. The timing for the placement is really dependent on the bankers and smrt management. Guess they waited till prices fell really low then fixed the placement price. What a shame for us but good entry price for the new guys

poohboy: the placement price will be based on up to 10% discount on 5-day volume weighted average price, its highly unlkely for placement price to be 54.5 when the price have been hovering below that.

Hi all, based from timeline provided during EGM, private placement will be completed by end of the month. So as mentioned they might have just pressed the price down to facilitate the placement. Those people who believed Tomyamgong's story would be a victim of course

Just as suspected.

don't know why everyone is so excited. the chicken rice shop isn't a business thats doing well. Yet market reacting so positively to it??>

At this rate confirm UMA lol

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1897525

Big share buybacks today. RM200k worth!

Lets hope they do further buybacks

Index is falling and this counter is rising. MMmm

Stay calm. The Kenanga report reduced the TP but also widened the RNAV discount from 61% to 65%. If you ask me, that just seems too conservative also. Dividend payout, once confirmed to be raised to 40% from 30% is also another upside. Lastly, people forget that the investment income contribution to KSL vs other players is higher and therefore in this environment of uncertainty provides good buffer!

Hoping the analyst will bump up the price forecast

TomyamGong, suggest you spend a little more time on their latest quarterly results.

(i) The big impairment charges of RM1.5 million which they took in the fourth quarter was substantial BUT it is NON-CASH in nature. Impairment charges may be a tactic to make earnings looks depressed so share prices can be depressed temporarily and allow strategic shareholders to enter at attractive prices
(ii)Their revenue in FY2014 more than doubled to RM120 million from RM52 million in FY2013.
(iii) Cash flow from operations went up almost 4x from RM3 million (FY2013) to RM10.5 million (FY2014) . Overall cash position went up from RM3 million (FY2013) to RM16.7 million(FY2014)
(iv) Admin expenses appeared to have ballooned from RM11.6 million (FY2013) to RM32 million (FY2014). However, they did mention that expenses moving forward post-MEGB acquisition may decline do to share services synergies. This would immediately improve bottomline figures.

Don't think your theory will hold water especially if SMRT can stop the losses which MEGB is making in the coming quarters. At best, the acquisition is neutral in terms of value creation. Even if MEGB makes losses, the impact on SMRT's books are minimal as they own 23% of the company and the share of losses will only appear as a one liner item in SMRT's results and not consolidated.

Hello SMRT-ians,

Just to update on the EGM meeting:

(i) Proposed acquisition of MEGB and proposed private placement was approved without any dissent

(ii) Dr. Palan mentioned that on the transfer to main board may be at the earliest in 6 months time but more conservatively by year end

(iii) Remains confident that MEGB will turn be back to black by end of this financial year.

(iv) For FY2016 SMRT is expected to make a quantum leap in profits and FY2015 is about fixing MEGB to put it in a better state in the future

(v) Will put in place good management and restore MEGB's reputation and hopefully boost the students intake by focusing on quality rather than quantity of students. Additionally, SMRT will seek to improve the media perception of MEGB and focus on AMU's branding instead

(vi) Will seek to generate some returns to SMRT on MEGB's investment by paying dividends upstream from MEGB to SMRT when asset light activities materialise (i.e. proposed sale and leaseback of campus)

(vii) Private placement will likely happen between 52 to 54 sen, subject to negotiations but unlikely to be the full allowable 10% discount to 5-day VWAP

Overall, nothing out of the ordinary. Proposed placement will occur by end of March and hopefully this whole pressing down of prices will fade away and positive newsflows will materialise the coming months.