kps will not get a cent as long as puncak/gamuda reject. juz like the tariff case... years already. clearly someone is hoping to takeover all water co. so the case can resolve at a huge discount? :D

water is not a big part for gamuda

last sat starbiz gamuda boss (also "sweet water" boss) sounds ready to go tooth-2-tooth fight, no sign of backing down. looks like puncak/gamuda might opt to fight wsia in court first.

the right is expected to be priced at a very attractive price b4 split, let's c!

checked & it's on the latest list

good catch for ptaras, however, given the challenging economy context now; where all necessary items price hike; warisan merdeka is yet another mega white elephant; $ wasting building that serve no purpose.

http://www.nst.com.my/latest/selangor-launches-horas-project-1.514982

c the trend after first announced of right, yinson share is in demand.

the additional fund raised the company's reserve, bulk of it set for working capital. looks like overall is to further control the debt level. after this exercise yinson still "slimmer" than armada, ability to pay div to increase. current proposal inline with latest acquisition made and new biz in Vietnam; it's in aggressive expansion mode set to be on par with it's competitor (e.g. armada).

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1566145

there is nothing special here, all info is in the annual report. e.g. term loan from cimb alone is 94m already. the borrowings is not ALL about bond/sukuk. the last q report interests paid is more than cash generated from ops - how nice. and the 2 concessionaires items recorded in non-current asset, too bad kps only get back 150m, 30c per share? hahahaa...

kps share price is subject to water deal acceptance by puncak/gamuda. much of the proceedings to kps will flow back to kdeb. good management? don't want to waste time here anymore, yr view yr choice.

v) Liabilities to be assumed are all the outstanding water-related debts owed by TMSB <SPLASH Holdings and Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (“SPLASH”)>, which include: a. Bonds acquired by Acqua SPV Berhad (“Acqua SPV”) or remaining in the capital markets;
b. Commercial loans, if applicable; and

c. Government loans, if applicable.

since when the proposal also include the entire debts of KPS? hahahahahahaa... aiyoooo... simply assumed entire $1b+ debts of KPS is water assets.

new to yinson? http://www.yinson.com.my/assets/analysts_reports/26%20February%202014%20RHB.pdf

http://www.theedgemalaysia.com/business-news/280369-iea-raises-2014-oil-demand-estimate-as-world-economy-recovers.html

yinson is world #6 now and still in growing mode (note portion of the right is to scale up Vietnam biz). the right could be priced at a very attractive level, wait n c.

btw, strong petroleum demand is also good for biofuel.

TUNE juz bought into a Thai insurance co.; SET down only -0.32 today despite global markets heavily shaken. is thai market really that bad as v know share market often runs ahead of economy. let's c :D

http://www.theedgemalaysia.com/business-news/280359-exclusive-radar-data-suggests-missing-malaysia-plane-flown-deliberately-toward-andamans-sources.html

planters with young tree (and own refinary): http://www.theedgemalaysia.com/business-news/280342-highlight-planters-with-young-palms-to-win-big.html

how long is that? note as the water shortage prolong, unless new income booked, suspect it will look quite bad. as of now, it's all depend on puncak/gamuda final call - court or cut :D

save yr breath, already shown once even without pro-rate, the max is only 80c. her $ her choice!

can yinson earnings support that kind of debt? what sort of growth yinson have in this year? are these prospect firm/sustain? lastly, what is the right priced? that's the sort of questions to justify the right issue.

far as it goes now, the offer is deem attractive. let's c how the market react to it.

not true. the oxygen health level detector would have alerted, satellite image would have seen the plane.

merely share the fact only, same in puncak. good luck!

if puncak opt to accept the offer (going to arbitrary or not later decide) now, the $1.5b stand and share price can go back to 3.x level. the only worry now is puncak opt to fight to the teeth. puncak may see the outstanding compensation/receivables ($3b+) totally out weight the $1.5b. same consideration of gamuda (4.4c per share lagi teruk!) w.a.w.h

hng, that doesn't mean wait for another 3 months will solve anything too. the agreement is that kali will issue all papers within 30 days starting mou. kali will be a real fool if he is not taking full advantage of current situation to push 1001% to get this done by month end.

3 months to COMPLETE, not warming up. believe concessionaires only have up to this month to decide; as L2 cannot wait anymore... within 3 weeks no rain, emergency already.

limit down not necessary, but can see $2.7~2.85, the range of $1.5b equity offer. if puncak still reject and opt to go court... that's another story.

as expected, the fed's $2b is for the equity: http://www.theedgemalaysia.com/business-news/280209-highlight-ongkili-wasia-not-invoked-yet.html

fed is "encouraging" puncak/gamuda to take the offer, but is it still 9.65 or 7.xxb is not clear now.

it turns out that not that "foolishy" afterall :D

1. as usual.
2. as usual.

good volume amid consolidating.

indon biodiesel tender scheduled to start in April.

m'sia b5 biodiesel picking up: http://www.theedgemalaysia.com/business-news/280043-fgvb-starts-biodiesel-supply-to-east-coast-steps-up-overseas-drive.html

dry weather continues.

$4? yr calculation is wrong. 1 word about rhb report, it eXcluded warrant therefore it gets $3.xx base on last offer. realistically, it's only $2.7x, even 15% roe, only $2.8x.

progress till date suggest the best offer puncak can get is the last offer, this make up latest cimb suggestion of $3.36. little gain with high risk.

lagi kali ada prj HORIS, dah lupa? :D

no, they r not.

119, u gotta understand L2 and the big pipe lay all the way from Pahang means a LOTS of $ to fed and other geng.

if paab only takeover asset and not equity, meaning puncak/gamuda will not receive a cent. obviously this is not right. this is the first time wsia put into action, many details r still with the attoney office WAITING to be define, goosh!

looking to break $3.03 now. m'sia biodiesel is picking up its pace: http://www.theedgemalaysia.com/business-news/280043-fgvb-starts-biodiesel-supply-to-east-coast-steps-up-overseas-drive.html

it flew past southern thai and enter Andaman?

http://www.theedgemalaysia.com/business-news/280085-mh370-us-investigators-suspect-missing-malaysian-plane-flew-for-hours-wsj.html

beautiful!

Indon 3rd biodiesel tender scheduled b4 end of April, would strengthen cpo price at current level, if not push further on top of dry weather.

hjey, impressive, u really know hapseng :D

until everything is black & white, there is chance thing might turn-around again. that's y kps share is hesitating... afterall, the advantage is not that attractive per say.

kps gets 80c per share only, with provision of huge debts and no new business, there should be sp.div but will not be far (possible lower) from khsb deal. kps will not get a cent until syabas is in the s.gov's pocket.

recent water shortage crisis will definitely hit all concessionaires coming q result, which kps already recorded -2.7 in the last.

confirmed not lead insurer: http://www.theedgemalaysia.com/business-news/279966-allianz-malaysia-not-lead-insurer-for-missing-mh370.html

$1.54b? totally out. with $1b debt and no new business, the sp.div will not be far (possible lower) from khsb deal.

“As far as we are concerned, there’s no need to go for international arbitration.” - kali made a turn around (again), not sure where to land.

http://www.thestar.com.my/Business/Business-News/2014/03/13/Concessionaires-doubt-invocation-of-Wasia-has-blessing-of-federal-govt

for the last time for those who is interested, becareful about what u read:

*Payment shall be in CASH in respect of the portion ascribed to the EQUITY CONTRIBUTION, as detailed in section 2.1 (iii) and (iv)

*the remaining value will be SATISFIED VIA THE ASSUMPTION of liabilities by PAAB -> **THIS IS NOT CASH**

so, how much only KPS get? half of it will flow back to KDEB some more. yr $ yr choice!

*Payment shall be in cash in respect of the portion ascribed to the equity contribution, as detailed in section 2.1 (iii) and (iv)

*the remaining value will be satisfied via the assumption of liabilities by PAAB

aiyooo... invest in plantation ctr don't know what is PK? palm kernel. today 400K sbb.

the possibility of war due to Ukraine is near zero. study the area history & economy structure will help u to understand why. some ukrainean thought EU will bail them out, they don't know what happen to Greece yet, esp Germany way of doing thing. there might be however; some exchange between Ukraine and Russia proxy troops as tension goes.

hahahahahaa... thank you thank you! :D

everyone is waiting to c how wsia can apply to puncak/gamuda. 4.8b is much higher than 1.55, if this is true, puncak would have reached $7 already, hahhaaaaa...