Changes in Sub. S-hldr's Int. (29B)

SYMPHONY LIFE BERHAD

Particulars of substantial Securities Holder

Name

Tan Sri Mohamed Azman bin Yahya
Address No. 1, Jalan Setiabakti 2
Damansara Heights
50490 Kuala Lumpur
NRIC/Passport No/Company No. 640108-03-5797
Nationality/Country of incorporation Malaysian
Descriptions (Class & nominal value) Ordinary Shares of RM1.00 each
Name & address of registered holder Gajahrimau Capital Sdn. Bhd. of Level 1, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Acquired 31/07/2013
50,000
1.150
Acquired 31/07/2013
25,000
1.160

Circumstances by reason of which change has occurred Acquired in the open market
Nature of interest Deemed Interest
Direct (units) 8,300,000
Direct (%) 2.81
Indirect/deemed interest (units) 57,300,000
Indirect/deemed interest (%) 19.43
Total no of securities after change 65,600,000
Date of notice 31/07/2013

Remarks :
The shareholdings after the change are as follows:-

Direct Interest:-
Tan Sri Mohamed Azman bin Yahya - 8,300,000 (2.81%)

Indirect Interest:-
Gajahrimau Capital Sdn. Bhd. - 57,300,000 (19.43%)

Notification was received by the Company on 31 July 2013.

Announcement Info
Company Name SYMPHONY LIFE BERHAD
Stock Name SYMLIFE
Date Announced 31 Jul 2013
Category Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No SL-130731-21229

HI, DOUBLED CHECKED. I THINK THERE IS A MISCONCEPTION THAT SYMPHONY HOUSE OWNS SHARES IN SYMLIFE.(HENCE THE ERRONEOUS NEGATIVE IMPLICATIONS OF SYMPHONY HOUSE'S CURRENT RTO PROBLEMS) THIS IS INCORRECT. SYMHONY HOUSE DO NOT OWN ANY SHARES IN SYMLIFE. TAN SRI OWNS 65.6M (22.24%)SHARES IN SYMLIFE AND ARE BEEN HELD AS : 8.3M (DIRECT) + 57.6M (INDIRECT/DEEMED INTEREST HELD VIA GAJAHRIMAU CAPITAL S/B AS BENEFICAIL OWNER. SYMPHONY HOUSE IS ONLY THE REGISTERED ADDRESS OF GAJAHRIMAU CAPITAL.. I HAD VERIFIED THIS FACT FROM ITS ANNOUNCEMENTS TO BURSA.
HOPEFULLY THIS WILL HELP TO BOOST THE INVESTORS' CONFIDENCE IN SYMLIFE. ( I WILL TRY TO FORWARD THE CORRECT SHAREHOLDINGS TO SHARE OUT THE INFO)

HI, KANCS3118,

SYMLIFE DO HAVE A VALUABLE PIECE OF FREEHOLD LAND IN THE PRIME LOCATION OF TANJUNG BUNGAG, PENANG ISLAND ITSELF. WILL PROVIDE DETAILS OF IT LATER.ON MY RETRIEVAL.

MEANWHILE PLSE CLARIFY IF SYMPHONY HOUSE ITSELF IS HOLDING 20% SYMLIFE'S SHARES AND THIS 20% IS BENEFICIALLY OWNED BY DATO AZMAN YAHYA.. TQ

SYMLIFE AT THE CURRENT PRICE OF 0.84 IS VERY UNDERVALUED. Bonescythe.blogspot.com gave a very good/bullish analysis on 17 April 2014(can access therein for details). good fundamentals with good earnings (9 mth RM39m or EPS 14.3 SEN), low P.E.(SINGLE DIGIT), Solid NTA of 2.10, and has a good track record of rewading shareholders with bonus, treasury shares and cash dividends. Lots of undervalued landed assets in good/prime locations in the Klang Valley and Penang.+ many ongoing projects. Its share price could be poised to run up when they announce its 4Q/full year results in the next 2 weeks.Will be good if they also announce some capital management plans (like bonus/treasury shares distribution+ cash dividends to reward shareholders ) to unlock its value and enhance the market liquidity of its shares (small capital base of only 310m shares of RM1 par vaue.)

TRUE. DEVELOPERS WITH DIVERSIFIED LAND ASSETS,( ESPECIALLY IN THE 2 TOP PROPERTY LOCATIONS, KL/KLANG VALLEY AND PENANG,) WILL BE MORE RESILIENT THAN THOSE PURE ISKANDAR PLAYERS. BUT INVESTORS' SENTIMENTS ARE STILL BEING AFFECTED DUE TO THEIR SIGNIFICANT EXPOREURES IN ISKANDAR. LESS AFFECTED BUT STILL AFFECTED AS INDICATED BY THE 2 BANK ANALYSTS' REPORTS CITED ABOVE.

THE RECENT SERIES OF REPORTS ON THE PROPERTY GLUT CONTINUES TO AFFECT INVESTORS' SENTIMENTS FOR PROPERTY SHARES WITH EXPOSURE TO ISKANDAR JOHOR:-


Fundamentals of UEM Sunrise intact despite foreign selldown: MIDF 14 MAY 2015 @ 5:39 PM KUALA LUMPUR: MIDF Amanah Investment Bank (MIDF Investment) believes UEM Sunrise Bhd’s fundamentals remain intact, despite a recent selldown by foreign investors to rebalance their investment portfolio. At 11.51 am, shares of the company declined five sen to RM1.22 with 9.77 million changing hands. MIDF Investment in a research note today said the selldown is believed to be related to concerns over the challenging property market outlook in Johor. It said due to the selldown by foreign investors, UEM Sunrise had been removed from the MSCI Malaysia Index, the benchmark index for measuring investment performance by international investors. However, it said the fundamentals of UEM Sunrise remained strong with unbilled sales of RM3.9 billion as of end-financial year 2014, which would provide more than two years of earnings visibility and hence, support the company’s financial year 2015 net profit. As for new sales, the research house is keeping its estimate of RM1.95 billion for financial year 2015, lower than UEM Sunrise management’s target of between RM2 billion and RM2.4 billion, and maintained the net profit forecast of RM491 million. MIDF Investment is “neutral” on UEM Sunrise with an unchanged target price of RM1.35. – Bernama RECOMMENDED Thousands volunteer to scour satellite images of Nepal quake Inmates need a second chance Mt. Everest height unchanged Mother of death row Australian says he’ll be executed at 1700 GMT PROMOTED STORIES Where do your government tax dollars go? (EY) How a Sydney grad became an ICBC leader (The Naked CEO) What does your body language say about you? (The Naked CEO) 5 Top Restaurants Malaysians Queued Up For In 2014 (HungryGoWhere) Ringgit Now Asia’s Worst Performing Currency (Imoney) How Early Retirement Feels Like - (Doctor Wealth)

Read More : http://www.nst.com.my/node/84274

NEGATIVE REPORTS ON HOUSING GLUT ON ISKANDAR CAN DAMPEN INVESTORS' APPETITE FOR SHARES/COUNTERS WITH EXPOSURES IN THIS REGION:

Thursday, 14 May 2015 16:59
NO GLUT? Johor's Forest City could house up to 700,000 - developer
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NO GLUT? Johor's Forest City could house up to 700,000 - developer
THE master developer for the 1,400ha reclaimed land in Johor near Tuas said that over the next 20 or 30 years, homes may be built that can house as many as 700,000 people.
The homes being built in the Forest City project would add to the nearly 336,000 new residential units that are in the pipeline for the rest of Johor state.
The large number of new homes coming up in Johor has raised concerns in Singapore.
Minister for Culture, Community and Youth Lawrence Wong, who is a board member of the Monetary Authority of Singapore, told Parliament on Monday that the nearly 336,000 new private residential units are more than the total number of private homes in Singapore.
He said the figure, derived from official Malaysian statistics, does not include homes being built on the Forest City reclaimed land.
Johor had 719,421 existing homes at the end of last year, according to Malaysia's National Property Information Centre, a unit under its Ministry of Finance.
"There is indeed a real concern about future oversupply in the property market there and hence the potential decline in value of homes," Mr Wong said in reply to an MP's question about Singaporeans buying in southern Johor's Iskandar Malaysia region.

Johor Menteri Besar Mohamed Khaled Nordin, when asked last week about concerns in Singapore over a property glut in Iskandar, said: "Investments in Johor are not only confined to property."
The reclaimed Forest City project consists of four man-made islands being raised by a company partly owned by the Sultan of Johor.
Forest City will offer wealthy international buyers luxury homes by the Strait of Johor, its developer has said.
The four islands will have a total land area of 1,386ha - about three times the size of Sentosa island. Forest City's master developer is Country Garden Pacificview (CGPV). - Asiaone

COULD BE AFFECTED BY NEGATIVE REPORTS OF GLUT OF HOUSES IN ISKANDAR, JOHOR. SUCH BEARISH REPORTS CAN DAMPEN INVERTORS' SENTIMENTS FOR PROPERTY SHARES WITH HIGH EXPOSURE TO ISKANDER AREA. EG,

Valuation
We reiterate our MARKET PERFORM call on TROP with an unchanged Target Price of RM1.10 based on 72.0% discount (one of the steepest discounts applied under our coverage) to its FD RNAV of RM3.91, due to its large risk exposure in Johor, and larger higher-end high-rise components in their developments. At this juncture, downside risks are limited given the steep discount rate, whilst near term re-rating catalyst is lacking.

Risks to Our Call
Weaker-than-expected property sales

Higher-than-expected sales and administrative costs

Negative real estate policies

Tighter lending environments

i think 91 is NOT a fraction. Hence u will get your 91 share as dividend. but if u have 7100 shares your entitlement is computed to be 92.3, then u will get only 92 shares bcos the 0.2 of 1 share is a fraction.

WE ARE OPTIMISTIC FOR EURO'S PROSPECTS BASED ON :-
(1) EXPECTED BETTER 1Q RESULTS FOR 1Q TO BE ANNOUNCED THIS MONTH
(2) FAST TRACKING OF ITS MULTIPLE PROPOSALS ESPECIALLY ITS 2 FOR 1 BONUS ISSUE i.e. 1 shares becomes 3 shares + ITS PRIVATE PLACEMENTS OF SHARES.(SPEEDY SUBMISSION WITHIN 1 WEEK OF THE ANNOUNCED PROPOSALS)


(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the announcement dated 29 April 2015 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the additional listing application for the Proposals has been submitted to Bursa Securities on 7 May 2015.

This announcement is dated 7 May 2015.

(3) ITS MAIDEN PROPERTY DEVT PROJECT IN CHERAS IS VERY PROMISING. BASED ON ITS 322 APARTMENT WITH AN EST. GDV OF RM165M MEANS ITS AVERAGE SELLING PRICE IS A ATTRACTIVE RM512K PER UNIT. FREEHOLD TITLES. SHOULD BE SALEABLE AND TO BE ABLE TO GENERATE AN EST PROFIT OF RM25M IS COMMENDABLE. THIS IS FEASIBLE DUE TO THE CHEAP LAND COST (4.031 ACRES ACQUIRED IN 2011 FOR RM7M ONLY)
(4) THE PROSPECTS OF MORE PROPERTY DEVT PROJECTS
(5) OVERALL THE PROSPECTS FOR EURO CAN ONLY BE POSITIVE

FROM THEIR OFFICIAL ANNOUNCEMENTS VIA BURSA PLUS ANALYSTS' COMMENTARIES VIA VARIOUS FINANCE BLOGS. EURO HAD JUST RELEASED THE :-
Type Announcement
Subject MULTIPLE PROPOSALS
Description EURO HOLDINGS BERHAD ("EURO" OR THE "COMPANY")

(I) PROPOSED PAR VALUE REDUCTION;
(II) PROPOSED BONUS ISSUE OF SHARES;
(III) PROPOSED PRIVATE PLACEMENT; AND
(IV) PROPOSED AMENDMENT

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
We refer to the announcement dated 29 April 2015 in relation to the Proposals (“Announcement”). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

On behalf of the Board, TA Securities wishes to announce that the additional listing application for the Proposals has been submitted to Bursa Securities on 7 May 2015.

This announcement is dated 7 May 2015.

THE BOARD HAS SHOWN ITSELF TO BE COMPETENT IN THE IMPLEMENTATION OF THEIR MULTIPLE PROPOSALS. WHEN THEY ACTIVATED THEIR CORPORATE PLANS TO DIVERSIFY INTO PROPERTY DEVT. ON 29/4/15, THEY INDICATED THEY WILL SUBMIT THEIR PROPOSALS WITHIN A MONTH, I.E. BY 29/5/13. BUT THEY HAD ALREADY DONE DONE THE ABOVE TODAY.

MEANWHILE WE HOPE TO RECEIVE FURTHER GOOD NEWS IN THE FORM OF BETTER 1Q RESULTS DUE TO BE OUT THIS MONTH (BASED ON THEIR EXISTING FURNITURE MANUFACTURING & EXPORT BUSINESS).

CHEERS!!!

We are presently focussed on the current multiple proposals.
The housing project in Cheras is almost ready to take off (just waiting for the land conversion approval) It was indicated that the project is to be launched in the 2H of this year.

At the moment we are NOT including the prime 300 acres freehold lands in Beverly Heights Properties S/B (inclusive of the 19 acres Pepper Estate) in North Eastern Region of Penang (owned by the 2 dtors/major shareholders. Hopefully this will feature in any FUTURE corporate action plans of Euro.

Property devt needs medium to long term business strategies. It is a profitable business which can help Euro to evolve into a HIGH GROWTH COMPANY.This is what we looking for when investing.

While the practical concerns raised in developing Pepper Estate are valid, we should also note that the current Directors are already very experienced in property devt & construction.There is also a business tie up with OXLEY Holdings,(Spore SGX Main Board listed). Euro's directors should have the technical competencies and experience to manage/overcome any concerns that may be encountered. However these are only relevant after Beverly Heights Properties are included in any Future Corporate Agenda by Euro's Board. We can discuss this when it happens.

These are facts :-

(1)the required Development Order for the housing project in Cheras had already been approved/obtained on 22/1/2015
(2)The est. gross devt value of RM165M and its total est.devt costs of RM140M are the LATEST figures provided by Eoro's Management as announced. These figures would be based on the CURRENT market conditions/benchmarks
(3) The 3 year gestation period for any housing project is the norm. Investors are aware of this

TQ

ECOWORLD BECAME A GREAT GROWTH STOCK BY DIVERSIFYING INTO PROPERTY DEVT.

EURO IS FOLLOWING ECOWORLD'S WAY.
EURO WILL ALSO HAVE ITS DAY WITH MORE PROPERTY PROJECTS (BY WAY OF BOTH ORGANIC GROWTH THROGH ITS OWN LANDED ASSETS WHICH HAVE NOT BEEN REVALUED AND ACQUISITIONS/MERGERS)

IMPORTANT TO NOTE :-
(I) For avoidance of doubt, the Proposed Par Value Reduction will not result in any adjustment by Bursa Malaysia Securities Berhad (“Bursa Securities”) to the Share price or the number of Shares held by shareholders of the Company.
(2)that the Proposed Private Placement will enable the Group to raise funds without incurring interest cost as opposed to bank borrowings. In addition, the Proposed Private Placement will further strengthen the capital base on the Company.
(3)Euro's profit in 2014 was RM2.3M. Its maiden property project wil generate a profit of RM25M.
(This incremental profit is 10 times more last's year's profit)

ALL THE RIGHT MOVES BY EURO'S MANAGEMENT

(diversification into property devt to turn Euro into a GROWTH STOCK)

MY OWN CONCLUSIONS ON EURO'S MULTIPLE PROPOSALS:

POSITIVE BASED ON :
SHAREHOLDERS ARE BEING REWARDED WITH BONUS SHARES

TOGETHER WITH ITS PROPOSED PRIVATE SHARE PLACEMENT TO QUALITY INVESTORS, ITS CAPITAL BASE WILL BE FURTHER STRENGTHENED

EURO SHARES WILL BECOME MORE LIQUID, THUS ATTRACTING MORE INVESTORS, PARTICULARLY INSTITUTIONAL INVESTORS WHOSE PRIME INVESTING CRITERIA ARE THE LISTED COMPANY'S VALUE/POTENTIAL ENTERPRISE VALUE AND ITS SHARE LIQIUDITY IN THE STOCK MARKET.

EURO IS DEFINITELY ON TRACK IN ITS DIVERSIFICATION INTO PROPERTY DEVELOPMENT WHICH WILL ENABLE IT TO SIGNIFICANTLY ENHANCE ITS REVENUES AND PROFITS.

THE ENHANCED LIQUIDITY OF ITS SHARES WILL STRENGTHEN ITS CAPACITY TO ISSUE ITS SHARES FOR ANY FUTURE CORPORATE PROPOSALS (EG ACQUISITIONS)

EURO: MULTIPLE PROPOSALS: EXTRACTS OF SALIENT POINTS
=====================================================
The Proposed Par Value Reduction will give rise to a credit of RM32,400,000 after taking into consideration the existing issued and paid-up share capital of RM40,500,000 comprising 81,000,000 Euro Shares as at 28 April 2015, being the latest practicable date prior to this announcement (“LPD”). The total credit arising from the Proposed Par Value Reduction will be credited to the share premium of the Company and may be utilised in such manner as the Board deems fit and as permitted by relevant and applicable laws such as paying up unissued shares to be issued to the shareholders of the Company as fully paid bonus shares. The Proposed
Par Value Reduction is not intended to offset any accumulated losses of the Company. As at 31 December 2014, the Company had audited retained earnings and share premium of approximately RM3.76 million and RM3.84 million, respectively. For avoidance of doubt, the Proposed Par Value Reduction will not result in any adjustment by Bursa Malaysia Securities Berhad (“Bursa Securities”) to the Share price or the number of Shares held by shareholders of the Company.

Proposed Bonus Issue of Shares
of 162,000,000 new Euro Shares (“Bonus Shares”) on the basis of two (2) Bonus Shares for every one (1) existing Euro Share held at an entitlement date to be determined later after the Proposed Par Value Reduction

After due consideration, the Board is of the view that the Proposed Bonus Issue of Shares is the most appropriate avenue of rewarding the existing shareholders of the Company as the Proposed Bonus Issue of Shares will: (i) reward the existing shareholders of the Company for their loyalty and continuing support; 7 (ii) increase the number of Euro Shares held by the Company’s existing shareholders, whilst maintaining their percentage of equity interest; and (iii) be able to encourage the trading liquidity of Euro Shares on Bursa Securities via a greater participation by investors with the increase in the number of shares.

Placement arrangement
After due consideration of the various methods of fund raising available for the purposes as stated in Section 2.3.6 above, the Board is of the opinion that the Proposed Private Placement is currently an appropriate avenue of fund raising as it will enable the Group to raise funds without incurring interest cost as opposed to bank borrowings. In addition, the Proposed Private Placement will further strengthen the capital base on the Company.

In addition, the independent third party investors shall be persons who qualify under Schedules 6 or 7 of the Capital Markets and Services Act, 2007, which include interalia, the issuance of the Placement Shares to each of them for a consideration of not less than RM250,000 or the issuance is made to high net worth individuals whose net personal assets exceed RM3,000,000 or corporations with net assets exceeding RM10,000,000.
The proceeds for the working capital will be utilised to fund the Group’s property development activities such as payment to sub-contractors, relevant professional and marketing fees (if any). The Company had on 27 June 2011 obtained the approval from its shareholders to diversify into the property development business. On 18 May 2011, Euroland & Development Sdn Bhd (“Euroland”), a wholly-owned subsidiary of the Company entered into a sale and purchase agreement to acquire a piece of freehold land held under G.M 974, Lot No. 2223, Mukim of Cheras, District of Hulu Langat, State of Selangor measuring approximately 1.6314 hectare or 4.031 acres (“Land”) from Yap Tong Feng for a cash consideration of RM7.0 million (“Acquisition”) with a plan to develop the Land into a residential development. The Acquisition was completed on 26 September 2011. The residential development is expected to comprise a block of 322 units of apartment (“Project”). The estimated gross development value and total estimated development cost for the Project is approximately RM165.0 million and RM140.0 million respectively. Euroland had on 22 January 2015 obtained the development order from Jabatan Perancangan Bandar Majlis Perbandaran Kajang for the Project and had in April 2015 submitted an application to Jabatan Perancangan Bandar Majlis Perbandaran Kajang for the conversion of land for the Project from “agriculture” to “building” and is pending for approval as at the LPD.

(gross development value RM165M less total est. development cost of the project RM140M = est. profit RM25M)
============================================================
(READERS WILL BE ABLE TO OBTAIN THE COMPLETE VERSION OF EURO'S MULTIPLE PROPOSALS FROM ANNOUNCEMENT VIA BURSA)

GIVING BONUS SHARES TO SHAREHOLDERS IS PART OF THE ANNOUNCED MULTIPLE PROPOSALS.(ITEM 2)
THE DECLARATION OF BONUS SHARE ISSUE IS POSITIVE. NEVERTHELESS THE DAILY MOVEMENTS OF SHARE PRICES ARE INFLUENCED BY MANY FACTORS, INCLUDING THE COMPANY ANNOUNCEMENTS, MARKET NEWS, THE CONDITION OF THE STOCK MARKET ON ANY PARTICULAR DAY. YESTERDAY'S EURO'S PRICE WAS DOWN DESPITE ITS POSITIVE PROPOSALS. BUT BURSA WAS ALSO DOWN A LOT (-25 PTS OR 1.4%) ON THE SAME DAY.

THE MULTIPLE PROPOSALS ARE POSITIVE, WITH ITS FINANCIALS/FUNDAMENTALS REMAINING INTACT AND IN FACT STRENTHENED BY SUCH CAPITAL MANAGEMENT, I AM OPTIMISTIC EURO IS ON TRACK IN ITS BUSINESS DIVERSIFICATION PLANS INTO PROPERTY DEVELOPMENT.
I EXPECT ITS 1Q RESULTS (TO BE RELEASED THIS MONTH) TO BE BETTER. I AM ALSO LOOKING FORWARD TO THE LAUNCHING OF ITS MAIDEN PROPERTY PROJECT IN CHERAS SOON (TO BE FOLLOWED BY MORE PROPERTY DEVT RELATED NEWS IN FUTURE)
I BELIEVE SOUND BUSINESS GROWTH PLUS INCREASING PROFITABILITY WILL ENHANCE THE VALUE OF EURO AND HENCE ITS SHARE PRICE..

EURO'S DECLARATION OF BONUS SHARES FOR ITS SHAREHOLDERS IS POSITIVE AS IT CONFIRMS IT HAS THE FINANCIAL RESERVES.

NOT TRUE FOR EURO. ACTUALLY GOOD NEWS. EURO HAS NO FINANCIAL ISSUES AT ALL. IT IS MAKING PROFITS ALL ALONG. ITS AUDITED NTA (TANGIBLE NET ASSET OR TANGIBLE WORTH PER SHARE) IS 0.85 (HIGHER THAN ITS PREVAILING SHARE PRICE)

IN FACT, THE PAR VALUE REDUCTION IS MADE TO REWARD SHAREHOLDERS WITH BONUS SHARES ISSUE AS WELL AS TO ENHANCE THE LIQUIDITY OF ITS SHARES, THUS ENCOURAGING INVESTORS. IT IS THEREFORE A POSITIVE MOVE. (AS IT IS NOT TO ELIMINATE LOSSES).

THE MULTIPLE PROPOSALS ARE INDEED VERY POSITIVE AND IS INDICATIVE OF MORE GOOD ANNOUNCEMENTS TO COME (ASSET INJECTION)

GENERALLY SUCH CORPORATE ACTION PLANS ARE POSITIVE. ONLY LISTED COMPANIES WITH GOOD FUNDAMENTALS AND ALREADY POSSSESS THE FINANCIAL RESERVES ARE ALLOWED TO UNDERTAKE THEIR OWN SHARE BUYBACKS.

ANOTHER POSITIVE IS THAT LISTED COMPANIES MUST HAVE THE SURPLUS CASH ITO BE ABLE TO CARRY OUT SUCH SHARE BUY BACKS AND KEEP THESE SHARES AS TREASURY SHARES.

COMPANIES NORMALLY BUY BACK THEIR OWN SHARES BECAUSE THEY DEEMED THE CURRENT MARKET PRICE OF THEIR SHARES ARE UNDERVALUED, I.E. SHOULD BE WORTH MORE THAN THE PRICES LISTED IN BURSA.. (FOR EXAMPLE, CURRENT PRICE 0.685 AGAINST ITS NTA (NET TANGIBLE WORTH PER SHARE) OF 0.85 (AUDITED)

LISTED COMPANIES WHO DO SHARE BUY BACKS AND RETAINED AS TREASURY SHARES OCASSIONALLY DISTRIBUTES THESE AS FREE SHARES TO ALL THEIR SHAREHOLDERS (CAN BE CONSIDERED AS BONUS SHARES EXCEPT THAT SUCH EXERCISES WILL NOT INCREASE THEIR ISSUED CAPITAL BASE. ITS VERY POSITIVE AS SHAREHOLDERS WILL BENEFIT WITH FREE SHARES WITHOUT ANY DILUTION .

HOPE THE COMMENTS ARE HELPFUL.

GOOD LUCK

A RECOLLECTION OF OLD NEWS ARE USEFUL TO INDICATE WHAT THE FUTURE HOLDS FOR EURO. PAST NEWS, ANNOUNCEMENTS, COMMENTS REMAIN VALID.

IN LINE WITH ITS NEW BUSINESS FOCUS, EURO WILL BE LAUNCHING ITS MAIDEN PROPERTY PROJECT IN CHERAS IN 1H OF THIS YEAR. OXLEY, A CONSTRUCTION/PROPERTY CO LISTED IN SGX, ALSO IS IN PROPERTY DEVT IN THE NORTH EAST REGION OF PENANG. A 5 ACRES PLOT IS READY FOR DEVT THERE. IT IS RELEVANT TO NOTE THAT I OF EURO'S DIRECTOR IS ALSO ON THE BOARD OF OXLEY SPORE.

I REMAIN OPTIMISTIC THAT APPROPRIATE CAPITAL MANAGEMENT, INCLUDING A SIZEABLE LANDED ASSET INJECTION, CAN PROPEL EURO INTO THE BIGGER LEAQUE OF PROPERTY DEVELOPERS. WE CAN SEE MANY POSITIVE INDICATIONS TOWARDS THIS OBJECTIVE.

I BELIEVE ITS A MATTER OF DOING IT AT THE RIGHT TIMING.

GOOD LUCK. CHEERS!!!

OVERALL BURSA MARKET OVERBOUGHT. HENCE THE CORRECTION/CONSOLIDATION THE LAST FEW DAYS.
EURO IS CONSOLIDATING WELL. HOPEFULLY TO RESUME UPTREND SOON BASED ON THE FOLLOWING CATALYSTS:-
(A) EXPECTATION OF BETTER IQ RESULTS TO BE ANNOUNCED NEXT MONTH. LAST YEAR NET PROFIT RM2.3M. EURO WHICH EXPORTS MORE THAN 50% OF ITS PRODUCTS OVERSEAS WILL BE ONE OF THE BENEFICIARIES OF THE STRONG US DOLLAR AND OTHER FOREIGN CURRENCIES (EG SGD, STERLING, CHINESE YUAN, EURO,ETC)

PLSE NOTE THAT UCHITEC WHICH EXPORTS ITS COFFEE MACHINES IS ALSO A BENEFICIARY OF STRONG FOREIGN CURRENCIES RESULTING IN INCREASING ITS EXPORT PROCEEDS UPON CONVERTED TO RINGGIT. UCHITEC SHARE PRICE HAD BEEN ON AN UPTREND THE LAST FEW DAYS AFTER SOME ANALYSTS HIGHLIGHTED THIS FACT (WHICH CAN ALSO HAVE A POSITIVE IMPACT ON EURO'S SHARE PRICES). HIGHER PROFITS = HIGHER SHARE PRICES.

(B) GOOD PROSPECTS OF POSITIVE CAPITAL MANAGEMENT GOING FORWARD. SMALL CAPITAL BASE OF ONLY 80M SHARES (PAR RM0.50). OTHER FUNDAMENTALS INCLUDE ITS NTA OF 0.85 SEN PER SHARE ( LIKELY BE HIGHER UPON REVALUATION OF ITS EXISTING LANDED ASSETS)

EURO'S NEW BOARD HAD ALREADY INDICATED THAT ITS FUTURE BUSINESS DIRECTION IS MORE FOCUSED ON PROPERTY DEVELOPMENT. THE 2 NEW MAJOR SHAREHOLDERS OWNS THE 300 ACRES OF FREEHOLD LAND IN NORTH EAST PENANG (TOWARDS THE DIRECTION OF THE PRIME LOCATION OF TANJUNG BUNGA.). WHAT ARE THEIR PLANS FOR THEIR VALUABLE PIECE OF PRIME LAND? WE HOPE THEIR PLANS WILL BENEFIT EURO'S BUSINESS.

THERE IS A NEED TO ENHANCE THE MARKET LIQUIDITY OF ITS SHARES TO ATTRACT INVESTORS. EXPANDING ITS CAPITAL BASE AND ITS SHARE LIQUIDITY LIKE VIA PRIVATE SHARE PLACEMENTS TO STRATEGIC INVESTORS, BONUS SHARES, ETC, ARE POSSIBLE CAPITAL MANAGEMENT MOVES. WE ARE ALSO HOPEFUL THAT THE CAPITAL MANAGEMENT CAN INCLUDE THE DIRECTOR'S 300 ACRES OF PRIME LAND AS PART OF THEIR STATED CORPORATE GOAL TO DIVERSIFY INTO PROPERTY DEVELOPMENT.

(C) REAL ESTATE EXPERTS NOW OPINED THAT THE 2 MOST PROMISING LOCATIONS FOR PROPERTY DEVELOPMENT ARE KLANG VALLEY/SELANGOR AND PENANG. YES PENANG. DUE TO ITS STATE GOVT'S HUGE INFRASTRUCTURE MASTERPLAN (INCLUDING 3 NEW EXPRESSWAYS, ONE OF WHICH WILL LINK UP TO TANJUNG BUNGA)

ALSO IN THE NEWS IS THE HUGE PROPERTY PROJECTS BY ECOWORLD IN BATU KAWAN, IN THE SOUTH EASTERN PORTION OF PENANG( 300ACRES+150 ACRES OF LEASEHOLD LANDS)

EURO'S DIRECTORS 300 ACRES LAND ARE IN THE NORTH EASTERN PORTION OF PENANG. THESE LANDS ARE FREEHOLD.

WE REMAIN HOPEFUL THAT EURO CAN EMULATE THE SUCCESS OF ECOWORLD IN ITS DIVERSIFICATION INTO PROPERTY DEVELOPMENT.

(THE ABOVE COMMENTS REFLECT MY THINKING AND HOPES IN THE SUCCESS OF EURO ESPECIALLY IN ITS STATED DEDICATION TO PROPERTY DEVELOPMENT. MUCH OF THE INFORMATION ARE ALSO AVAILABLE IN THE PUBLIC DOMIAN.
PLSE DO CONSULT YOUR OWN REMISIERS IN MAKING YOUR OWN INVESTMENT DECISIONS.. GOOD LUCK TO ALL.

EURO 7208. TECHNICAL CHARTS BECOMING MORE BULLISH. ACCOMPANIED BY INCREASINGLY HEALTHY VOLUMES. OVERALL PRICE UPTREND GAINING MOMENTUM.
LET'S WAIT FOR MORE POSITIVE NEWS FLOW AND CORPORATE NEWS TO STRENGTHEN IT FURTHER. CHEERS TO 7208 !!!

DATO SRI HANIFF HAD ALREADY ACCUMULATED CLOSE TO 3 MILLION SHARES IN EURO(PER BURSA ANNOUNCEMENTS)IN EURO.
A BIG VOTE OF CONFIDENCE IN EURO.
MORE POSITIVE NEWSFLOW SHOULD BE FORTHCOMING.

EURO STOCK CODE 7208 = FATT (PROSPERITY FOR ALL) HUAT!!!
THE BEST IS YET TO COME

EURO HOLDINGS. PROPERTY STOCKS CURRENT UPSWING.
IN ADDITION TO TROPICANA, EURO WILL BE THE NEXT PROPERTY COUNTER TO MOVE UP WITH A BREAKOUT ON THE UPSIDE. CATALYSTS INCLUDE (1)ALREADY CONSOLIDATED WELL ENOUGH.ACCUMULATED ENOUGH (2)LATEST RESULTS +>RM2M OK BASED ON FURNITURE BUSINESS. PROFITS EXPECTED TO JUMP UP BASED ON THE HIGHER FOREIGN CURRENCIES VALUE OF ITS EXPORTS UPON CONVERTED BACK TO RINGGIT.(3) THE BIGGER CATALYST WILL BE ITS COMING ANNOUNCEMENTS ON ITS MAIDEN PROPERTY PROJECT IN CHERAS AND THE PROSPECTS OF MORE NEWS IN ITS NEW BUSINESS DIRECTION FOCUSSED ON PROPERTY DEVELOPMENT. LOOKING FORWARD TO MORE NEWS N ANNOUNCEMENTS ON ITS CORPORATE ACTION PLANS/AGENDA ON THE 300 ACRES PRIME LAND NEAR TANJUNG BUNGA, PENANG. GOOD TO KNOW THAT THE NEW DTORS N MAIN SHAREHOLDERS ARE ALREADY EXPERIENCED IN PROPERTY DEVELOPMENT (ONE OF THE DTORS IS FROM OXLEY, A SINGAPORE LISTED PROPERTY/CONSTRUCTION ENTITY0.

POSITIVE SIGNS. HI VOLUME 51.1M SHARES. ALTHO CLOSED ONLY 1/2 SEN HIGHER AT .115, ITS A GOOD SIGNAL THAT MORE POSITIVE NEWS AND CATALYSTS ARE FORTHCOMING TO SUPPORT ITS PRICE UPTREND. THE TECHNICAL CHARTS ARE ALSO MORE POSITIVE.
CHLEONG WAS RIGHT (CLOSING @ .115 WITH MORE 2 COME. GEE!!!. I JUST LOVE THE WAY CHLEONG EXPRESSES IT. THE KEY WORD IS STILL "PATIENCE" AND THEN LET ITS FUNDAMENTALS AND CATALYSTS SUPPORT/PLAY IT OUT.

Hi, chleong and Raydalio. Are u good people based in KL/PJ?
It will be nice 4 us to meet up to know each other better over a cuppa. Makes investing life more interesting.
Feel free to contact me. (dliew488@gmail.com)

THE ABOVE FACTORS AND VIEWS BY RAYDALIO & CHLEONG ARE VALID. THE VALUE/PRICE OF ITS SHARES WILL ULTIMATELY DEPEND ON THE QUALITY OF ITS UNDERLYING ASSETS, P.E., CASH FLOWS AND PROSPECTS. ALL THESE WILL TAKE TIME TO EVOLVE AND SHOW. ITS FUNDAMENTALS HAD STRENGTHENED WITH HIGHER REVENUES AND CORE EARNINGS Q TO Q. AGREED THAT ITS RECEIVABLES ARE TOO LONG BUT I CAN SEE ITS RECEIVABLES AND CASH FLOWS IMPROVING WITH THE COMMENCEMENT OF ITS 3 YR RM68M OUTSOURCING CONTRACT WITH INNOVISI AND THE SALE OF LOSS MAKING SUBSIDIARIES. HENCE AGREED THAT PATIENCE IS THE KEY.HOWEVER WE ALSO NEED TO BE VIGILANT IN MONITORING ITS BUSINESS DEVELOPMENTS AND ITS CORPORATE ACTIONS.

NO ISSUE. WE ARE ALL HERE TO HELP EACH OTHER AND ARE IN IT WITH THE MUTUAL OBJECTIVE OF GETTING POSITIVE RETURNS FROM OUR SHARE INVESTMENTS. ALL ARE WELCOME WITH THEIR INPUTS AND SUGGESTIONS.
SO FAR TA RESEARCH HAD BEEN ISSUING REPORTS ON NEXTNAT. LOOKING OUT FOR ITS NEXT CALL. WILL ALSO SHARE IF I CAN GET MORE INFO FROM OTHER SOURCES.

HI, CHLEONG. I THINK THE ACTUAL AMOUNT INVOLVED WAS ONLY 50M SHARES. THE OTHER NOTIFICATIONS WERE MERELY REPETITIVE (BUT NEVERTHELESS REQUIRED UNDER THE LISTING RULES). ALL THE NOTIFYING PARTIES WERE DIRECTORS/SHAREHOLDERS OF SMART TOWER S/B AND WERE THEREFORE CONSIDERED HAVING DEEMED INTERESTS IN THE TRANSFER/PLEDGING OF THE SHARES. IF THIS IS CORRECT THEN THE IMPACT AND ITS IMPLICATIONS WOULD BE MUCH LESS.
THE OTHER POINT TO CONSIDER "AS COLLATERAL FOR A 3RD PARTY LOAN". HAVE TO LOOK OUT FOR MORE MARKET NEWS & ANALYSTS'COMMENTS ON ITS PURPOSE AND IMPLICATIONS. MEANWHILE WE HAVE TO DERIVE COMFORT FROM THE FACT THAT NEXTNAT IS WELL MANAGED.

Hi, I am new to the forum. Found it an interesting venue to share facts and views. I had been following especially the facts, info & perspectives provided by chleong. I hope to be able to contribute some useful inputs as we go along.

Regarding Nextnat's 2Q results, I was expecting its profits to be higher as there was supposed to be an extraordinary gain from its disposal of NI.