It's been the BURSA's top seller since morning. Be afraid.

I am rich enough. Luckily I am not stupid.

Dead share. Dead Counter. D.E.A.D.

A lot of selling. Highest selling this morning. Be afraid.

Esok tak naik. Buang saja ini Glokotek.

Sill a long way to reach 12!

Stiring of the loins....Glotech up.05sen...keep moving>>>>>>>>>>>>>>>>>>>>>>>>

Glotech is dead. Glotech is Kotek.

Strung out till morning @9am.

Waiting 4 2morrow with bated breath go glo go tech up tomorrow. Trading should be 25hrs a day.

2morrow will be up but 2day bye bye PDZ.

Topping up 2morow. PDZ bye bye.

ifcamsc +6.5sen !!!!!!!!!!!!!!!!!!!!!!!!!

ifcamsc +6.5sen !!!!!!!!!!!!!!!!!!!!!!!!!

Aiyaaaa! Ini kah LIMIT DOWN? :The maximum amount by which the price of a commodity futures contract may decline in one trading day. Limit down also refers to the maximum decline permitted in individual stocks on certain exchanges before trading curbs kick in. The limit is generally set as a percentage of the market price of the futures or stock, and occasionally as a dollar amount. These limits were introduced to counter unusual market volatility and prevent panic-driven selling.

Old story.

OUCH!! 11.5sen.

Bosan dengan counter ni.

Hey! Chua Boon Chin...relaxxxxxx. It will go up next week, Monday.

Google translate: @ Look009 Kuala Lumpur 21 hearing) the transition from container shipping for the oil and gas industry's Popular Holdings Limited (PDZ, 6254, trade services group) is expected to be introduced into the merchant 丹斯里哈林 沙厄 partner shares more than 10%.

Sources pointed out that the most likely Halim Saad's Kenmakmur Holdings Sdn Bhd executive director of Chenzhan Shi (transliteration) partners, will Mara Investment Holdings Ltd acquired more than 10% public stake.

Sources said the deal involving new groups and transaction Mara investment, is expected to be released shortly.

"The new shareholders is expected to be injected into the upstream production assets in the public holding."

It added that this will not be a Malaysian assets.

The rise of another major shareholder, will see the newly added Mara investment groups together to build a public holding oil and gas tools. Mara investment is expected to remain the largest shareholder.

Just three months ago to 41 million ringgit businessman Tan Sri Dr Chen Huachun cost to buy public holding 26.83% stake Mara investment, ending August 14 has increased to 29.54% of its control. It is the sale of nearly half of the shares held.

To 29.5 cents prices, Mara investment of 29.6 million ringgit sitting on a profit of 18 cents for its majority stake is a share purchase.

The above price is also showing off about 10% of the shares sold to the new group, will bring 7.6 million ringgit investment Mara or more earned benefits.

Mara investment has been gradually reduced in the public holding shares. In the August 11, it is an OTC transaction, to 22.5 cents per share, sold 5,000,000 shares

It's good news.

We will see, right now it's patience...

Lega...phew!!

Lega.... whew!!

The 'Edge Malaysia' stock to watch tomorrow: Sumatec, Glotech... yours and my second chance....with Glotech..

Already jumped yesterday from PDZ to Glotech. Tomorrow another day another story.

Wipe-out. The run is over. It won't recover in the medium term. Starbiz says that. Cry a little and try to get back up again. I am done.

@ anbz that usually is the feeling when you move to another counter and it drops a little. Chill. patience.

I could have made tons of money like you guys but because I am weak hearted anyway so far so good.

myob it our money. There is time to unload if it's going southwards.

Good future in the short term TP15. For me that is.

@ Ambz Pelaburan Mara Berhad, mentioned above, is the buyer of PDZ shares. Now Pelaburan Mara Bhd have taken stakes In Reach Energy Bhd.

Insyaallah.

PELABURAN MARA BUYS IN REACH :
Friday, August 15, 2014
IPO - Reach Energy ('Well-Known' Cornerstone Investors)

Lembaga Tabung Haji (LTH), Koperasi Permodalan Felda Malaysia Bhd and Pelaburan Mara Bhd have taken stakes In Reach Energy Bhd.

Prior to this, GLICs do not have the mandate to invest in Spacs. Spacs are shell companies with no operations or income-generating business at its point of listing.

Spacs undertake the listing for the purpose of raising funds to acquire businesses or assets, otherwise known as the qualifying acquisition (QA).

It appears that LTH, Felda and Mara obtained the mandate to invest in Reach, an oil and gas Spac, after the new guidelines were released earlier 2014, as they took comfort mainly in the investor protection clause.

Malaysian oil and gas services firm Daya Material Bhd is only an initial investor in Reach Energy. Daya’s ownership will be only 1.74% after the IPO.

Some of the other cornerstone investors include tycoon Tan Sri Chua Mah Yu’s son Chua Sai Men, Lembaga Tabung Haji, fund managers CIMB-Principal Asset Management Bhd and Hong Leong Asset Management Bhd, MKW Jaya Sdn Bhd, MTD Capital Bhd and Paul Poh, a close associate of Hong Leong Group chairman Tan Sri Quek Leng Chan.

The investors, who are not subject to a lock-up period, will take up a combined 210 million shares and warrants, or 16.45% of Reach’s enlarged share base.

Poh is a lieutenant of banking tycoon Tan Sri Quek Leng Chan. Quek and Poh have been heavily investing in oil and gas companies. Meanwhile, Sai Men is the son of tycoon and savvy investor Tan Sri Chua Ma Yu.

MTD Capital is a listed bumiputra investment holding company with interests in infrastructure development.

As for state-owned Pelaburan Mara, it came into the limelight in April 2014 when it bought a 27% stake in shipping firm PDZ Holdings Bhd for RM41mil.

The cornerstones make up some 20% of Reach Energy’s share base while institutions make up some 15%. The remainder shareholders are made up of corporate and individuals.

Other asset managers that have taken up stakes in Reach Energy include Kenanga Investors, Norway’s sovereign fund Norges, Areca Asset Management and Allianz Investment.

What attracted the bumi funds was the investor protection. Reach was putting in 94.75% of its funds into the trust fund, instead of the stipulated 90%. Should a QA not be executed in 3 years time, the 75 sen per share put in by the investors actually becomes 76 sen, based on the existing interest rate.

The fact that Reach was a syariah-compliant company, also helps the investing case. Certainly, Reach is the first Spac to be listed under the Securities Commission’s new strict guidelines, with many people touting it to be the safest Spac.

The management of Reach, led by Shahul Hamid Mohd Ismail has put in a significantly higher amount of money than the three previous Spacs – Hibiscus Petroleum Bhd, Cliq Energy Bhd and Sona Petroleum Bhd.

Under the new guidelines, it is stipulated that the management team’s shares should be issued at no less than 10% of the IPO price. The subscription price per share for the management of Hibiscus, Cliq and Sona was 1 sen, while Reach had to put in 7.5 sen based on the IPO price of 75 sen.

The management of Reach ended up putting in a total of RM20mil for its management shares. The management of the other Spacs put in between RM1mil and RM3mil, while is significantly lesser. With the kind of money the management of Reach was putting in, there is certainly a greater urgency to make the business work.

Furthermore, Shahul and team will not be able to cash out their shares even after they make their QA. Another new guideline of the SC is that Reach Energy’s moratorium on the shares held by management will be in place up to one full year of audited operating revenue. Following that, the management will be allowed to dispose its shares up to a maximum of 50% per annum on a straight line basis.



Reach’s IPO comprises 1 billion shares at an issue price of 75 sen each. The offer comes with 1 billion free detachable warrants on the basis of one warrant for one share subscribed.

SPACs are shell companies with no operations or income-generating business at the point of listing.

SPACs undertake an IPO to raise funds to acquire businesses or assets, otherwise known as QA.

Reach Energy aims to clinch a brownfield asset in the Asia-Pacific region with the ability to generate early revenue within two years of acquisition.

Reach Energy can raise a further RM958mil when the warrants are exercised in full. The free warrants are issued on a one-for-one basis per Reach Energy share.

@ fatdatlo have faith in next week them make your decision. Relax first.

http://www.tradesignum.com/news/pdz

In ICU but still here. NORTH for Monday, pleasssse!

Still here.

Yang penting dia NAIK!

28

Stay cool people still above 27.

@ craptree thanks, ok.

Haiyaah!

http://www.theedgemalaysia.com/business-news/302802-pdz-denies-report-on-asset-buy-corporate-exercise-talks-.html

Not selling.

@ beruang emus new development requires a rethink. Will stick with PDZ till next week.

Going... :)

Ini kali nak keras hati, tak nak lari bila orang kata lari! I am trying for there long haul. Wish me luck.

That was from: The Malaysian Reserve in association with International New York Times. ALL BUSINESS DAILY

PDZ awaits due diligence on Indonesian assets buy

Wednesday, 13 August 2014 10:00 Kavithah Rakwan

PDZ Holdings Bhd expects to complete its due diligence for the acquisition of oil and gas (O&G) assets in Indonesia in the next one month, which could result in an injection of a new shareholder in the container liner firm if the purchase is done through a share swap deal.

PDZ MD and Pelaburan Mara Bhd’s (PMB) CEO Nazim Rahman said PDZ is still weighing its option on the funding for the O&G assets, which include paying cash, a share swap or a combination of both.

PMB acquired a stake in PDZ in April and is currently the largest shareholder with a 30% equity in the shipping-related firm.

The decision will rest on the outcome of the due diligence as it will determine the pricing for the purchase based on the valuations determined by the due diligence.

In an interview with The Malaysian Reserve, Nazim said the assets involve upstream and downstream activities but did not reveal the identity of the assets owners.

He said apart from internally generated fund to finance PDZ’s future expansion, the shipping firm may also look at raising funds through a corporate exercise, which may include rights issue.

According to him, PDZ is looking to expand its vessels fleet as well as its logistic business. The firm is also planning to Indonesia.

“As for now we have five vessels operating, which three of them are wholly owned. However, we do plan on increasing the number of vessels in the near future,” added Nazim.

Besides venturing into offshore services, it was reported that PMB is also keen on leading PDZ into a number of other areas such as engineering, procurement, construction, installation and commissioning.

Nonetheless, PMB, the investment and management arm of Majlis Amanah Rakyat, will still be looking at other markets, provided that significant earnings could be generated for the company.

“Ultimately, the long-term plan is to create an integrated logistics businessfor the company,” said Nazim.

PDZ has been suffering losses for three out of the five financial years (FYs) since FY09 ended June 30. It posted a net loss of RM12.4 million for FY13.

PMB’s investment for the 233.9 million shares in PDZ cost RM42.1 million.

On other matters, PDZ told the local exchange that it not aware of any rumours or reports concerning the business affair of the company and any negotiations with any party that resulted in the recent rise in price and volume of the company’s shares.

PDZ’s stock closed at 24.5 sen yesterday, up 1.5 sen from the previous day’s closing price.