ICULS again..?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1535781

NNNN : TP = 0.12

if its financial condition is improving... it`s better to hold than sell.....who knows the price will be >0.2 in line with its NTA 0.22......

i`m not working in this company or don`t know anyone working in this company.... therefore doubtful about its latest financial condition and its future prospect....

when it started financial losses.... share price down till <0.1 recently....

this company used to be >0.30 years ago....

normally those companies recovered from loss to profit, share price will increase drastically..

looks like its Q4 report will be good and overall in year 2013 will be turning profitable....

i also in dilemma.... last time got trapped....bought at 0.103......yesterday finally wake up.... if sell now at 0.11 still can earn.....

0.115 is coming soon...

4Q result will be out in 2 weeks time...

not really a one day show like 25th Sept last year.... price maintained today since yesterday high and volume is high......

10/02/2014 Additional Listing Announcement
29/01/2014 Additional Listing Announcement

so frequent of ESOS....

most probably manipulated by foreign fund.... maybe not much support from local institu. / retail investor....

if next week klci in red....pantech follows....

i think it is in line with overall klci/shares performance, normally if klci in green, pantech in green also.....

looks like its support level is around 0.89 cents.... if it gets below this.... more downtrend will be expected...

http://www.theedgemalaysia.com/business-news/272479-us-duties-weaken-pantechs-earnings.html

waiting for support level.... now still falling.....

when is the next spike....7 trading days before chinese new year....

hopefully >1.2 within 1 month.....

but if by looking from TA....it should be uptrend after today.....good luck.....

the trend is still unsure.... normally after a big volume day, bullish may follow, or side-way or downtrend.....

today is big volume day for pantech after oct 23 last year....

this is one of the worst stock performer in year 2013 as rated by the edge.....

bullish is coming for pantech.... based on the TA, it touches upper bollinger band yesterday.....uptrend now....

huge buy Q >1mil lots at 0.065....ini kali lah?...

perhaps.... kena tipu.... after 4pm....drops to 0.065 pula...

so, now is the last call for trader / speculator ..... another half an hour to go.....

last time bought 100 lots at 0.175....... then average down to 0.09 after bought 400 lots more at 0.07.....

the base is strong enough already.....i think the shark has been accumulated more than 10 mil. worth shares these few days at 7 cents....it`s time to push the price to >20 cents....if they push till >20 cents, it won`t affect their strong 7 cents average price.....

the shark is controlling the price, when the Sell-Q at 7 cents is almost finished bought, more volume will top up again..... how to push the price.....

this month is our last hope, if it doesn`t move up in this month.... it may stay around this price for a long time.....

most of the investors / speculators forgot this share already.... its volume is so quiet.....

ya, the shark is in control.... buy sell buy sell..... at around 7 cents....

Mr. anbz was right.... mqtech is flying...

200K shares worth transacted this morning......

upper limit for tms is 37 cents.... if it could fly till 20 cents like last high, it would be good enough....

about RM 4 million worth shares transacted today.... maybe what our Chua BC bro mentioned was right.....it`s about to fly high ?

aeon, giant, tesco is going to affordable to mid range products to suit the major middle / low income earners in malaysia.... for parkson, what i can see is they`re still targetting high income earners to shop which is not going to work too well as most of the shoppers are looking for affordable products....

let`s see what happen after session break later.....

buy rate 100% but low volume....

high volume accumulating at 70 cents this morning.... listed in top active volume .....

time to fly today ? Transaction opening 5 cents above yesterday closing price...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1496121

frontken bought shares in taiwan semiconductor company....

lots of iculs conversion to ordinary shares announced yesterday, any effect to its price ?

The scope of the JV Agreement is as follows:-



(1) The Parties have decided to form a company (“the Proposed JV Company”) in Malaysia to distribute all products of Lephone (the “Business”). All payment terms in regards to the sale of the products of Lephone to the Proposed JV Company shall be on agreed terms between the Parties.




(2) Subject to the terms and conditions set out in the JV Agreement and the Schedules, the Parties are desirous of incorporating a company in Malaysia to be named “Lephone Asean Sdn. Bhd.”, to carry on the Business. The Proposed JV Company shall have an initial authorised share capital of RM500,000.00 divided into 500,000 ordinary shares of RM1.00 each.



will the ordinary shares of RM 1 contribute to TMS share price.. ?

no surprise....haha

The Parties agreed and shall pay a total sum of RM500,000.00 to the Proposed JV Company as subscription monies for the Shares set out below to be allotted and issued to the Parties respectively in the agreed proportion and the Parties shall cause the Proposed JV Company to allot 255,000 Shares to TMS, and 245,000 Shares to Lephone upon the terms and conditions contained in the JV Agreement:-


Shareholders

No. of shares


to be Subscribed

Share Capital of


the Proposed


JV Company

Resultant % shareholding in the Proposed JV Company



TMS

255,000

RM255,000.00
51%

Lephone

245,000
RM245,000.00
49%



The eventual issued and paid up capital is unable to ascertain at this juncture as it depends on the level of expansion of the Business of the Proposed JV Company.


3.2 Source of Funding

The subscription monies for the shares in the Proposed JV Company by TMS stated above will be satisfied wholly by internal generated funds.


3.3 Liabilities to be assumed


There are no liabilities including contingent liabilities and guarantees to be assumed by TMS arising from the Proposed Joint Venture.


4. RATIONALE FOR THE PROPOSED JOINT VENTURE

The Proposed Joint Venture is expected to synergise and expand the IT and ICT division business. The Board is of the view that currently there are strong market needs towards smart gadget and other related ICT devices. This is a good opportunities to explore in the IT and ICT segment. Lephone has six international mobile phone brands, namely Lephone, Lesun, Lecom, Goldial, Coomax and lephone乐丰, in which it combines professional research, development, manufacturing, processing, channel marketing and brand management together. The Proposed Joint Venture offers the following advantages to TMS:-


(i) TMS has become local vendor of Lephone therefore would have more market control and pricing competitiveness towards the local market.


(ii) Localization or customisation of products which able to meet local customer’s needs.


(iii) There are good after-sale service support to provide the most convenient and efficient after-sale service to customers through the Proposed JV Company.



5. PROSPECTS

In view of the above, the Proposed Joint Venture is expected to contribute positively to the future financial performance of TMS Group.


6. RISK FACTORS

The Board does not foresee any new material risk factors arising from the Proposed Joint Venture apart from various risks factors in the Group’s current operations.


7. FINANCIAL EFFECTS

7.1 Issued and Paid-Up Capital and Substantial Shareholders’ Shareholdings

The Proposed Joint Venture will not have any effect on the issued and paid-up share capital and substantial shareholders’ shareholdings of TMS as it does not involve issuance of new shares.


7.2 Earnings, Net Assets and Gearing


The Proposed Joint Venture will not have any material effect on the earnings, net assets and gearing of the Group for the financial year ending 31 December 2013. The financial effect of this JV Agreement to the TMS Group for the financial year ending 31 December 2014 could not be ascertained at this juncture.


8. HIGHEST PERCENTAGE RATIO

The highest percentage ratio applicable for the Proposed Joint Venture pursuant to Rule 10.02(g) of the Listing Requirements of Bursa Malaysia Securities Berhad is 0.64% resulted from the total equity participation of TMS in the Proposed JV Company (based on eventual issued capital of the Proposed JV Company) compared with the net assets of TMS


9. APPROVAL REQUIRED


The Proposed Joint Venture is not subject to the approval of the shareholders of TMS or any other relevant authorities.


10. ESTIMATED TIMEFRAME FOR COMPLETION

Barring any unforeseen circumstances, the Proposed Joint Venture is expected to be completed at Kuala Lumpur, Malaysia within three (3) months from the date of this JV Agreement on a Business Day i.e. a day other than a Saturday, Sunday or public holiday in Malaysia to be agreed between the Parties.


11. DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED


None of the Directors and/or Major Shareholders of the Company and/or persons connected to the Directors and/or Major Shareholders have any interest, whether directly or indirectly, in the Proposed Joint Venture.


12. STATEMENT BY DIRECTORS


After taking into consideration all aspects of the Proposed Joint Venture, the Board is of the opinion that the Proposed Joint Venture is in the best interests of the Group.