Comparitive 1

Posted by cheshirecat > Mar 11, 2018 10:23 PM | Report Abuse

Hi janet! Me auntie cheshire would like to thank q very much for ur posting contribution

Hi, U are most welcome to share my findings on the good fundamentals and the multiple catalysts going to materialise in the months ahead and which will generate stronger business and earnings growth for MRCB.

All my findings are factually based derived from official announcements and its quarterly financial and annual reports

PM and BN Govt will likely go for its full 5 years term.

It is to their political advantage. There is no need for them to dissolve parliament earlier. Hence PM will allow parliament to automatically dissolve itself at the end of its legal 5 year term in around 25th JUNE.
G.E. will take place in AUGUST before our National Day celebrations when the peoples' patriotic sentiments will favour the present BN Govt

PM and BN Govt will likely go for its full 5 years term.

It is to their political advantage. There is no need for them to dissolve parliament earlier. Hence PM will allow parliament to automatically dissolve itself at the end of its legal 5 year term in around 25th JUNE.
G.E. will take place in AUGUST before our National Day celebrations when the peoples' patriotic sentiments will favour the present BN Govt

MRCB's injection of part of its Bukit Jalil lands (which it received from the Fed Govt as consideration for its Refurbishment Contract for the National Sports Complex) into its Bukit Jalil Sentral TOD for which EPF will pay MRCB RM1.14B CASH (for its 70% TOD) can be rightly be regarded as an ASSET DISPOSAL

The Joint Venture Bukit Jalil TOD for which EPF is going to pay MRCB RM1.14B CASH has very good potential to generate a BIG CAPITAL DISPOSAL GAIN for its coming quarterly results. (bcos its lands to be injected into this TOD is essentially COST FREE.)

Similiarly, its coming disposal of Menara Celcom to Quill-MRCB Reits for RM680m CASH can also yield good capital gains. Such disposal gains will reduce its gearing and creates positive cash flows and increase its profits. There are prospects for a special dividend in future, (now Cum Dividend 1.75 sen)

Recent disposals of assets by DRB RM1.9B was positive to boost its share prices.

Similiarly the above impending asset disposals by MRCB can also boost MRCB’s share price

NEAR TERM POSITIVE CATALYSTS

The above points relates to my positive views on its near term catalysts waiting to unfold soon

The very clear clarification on formula to be used for its CW23 is much appreciated. Many thanks.

Hope by Sept many of its positive catalysts would have materilalised to boost its price >1.30.
Recently 2 Investment Banks reviewed its latest 4Q and Full Year’s results and gave it a fair Value Price Target of 1.31

Read from its quarterly reports its Bukit Jalil Sentral TOD will be officially launched in the 2Q
Joint venture agreement already signed with its main shareholder EPF.
MRCB received 4 parcels of lands from the Fed Govt as payment for its Refurbishment Contract for the National Sports Complex in Bukit Jalil. As the costs of this contract had already be expensed off/absorbed by its past 2 years accounts these landbanks are now cost-free,

Part of these lands will be injected into special purpose vehicle formed under the MRCB-EPF Bukit Jalil Sentral TOD (70% owned by EPF) and EPF will pay MRCB cash RM1.14B and MRCB still owns 30% of the TOD), This event will be a big catalyst for MRCB.

Coming next will be its planned disposal of its Menara Celcom to Quill-MRCB Reits for RM680M cash

Also the disposal of its EDL Toll Highway to the Fed Govt is a good exit from a non core business. The disposal deal will range from reasonably good to very good (given that MRCB is a GLC which had done a lot of good work for the Govt and significantly owned by EPF (and indirectly by millions of EPF members-contributors/citizens/Voters )

MRCB has multiple catalysts coming on stream over the next 9 months but I am looking forward to the above 3 corporate actions to happen soon.

Its many catalysts as listed down by analysts will translate into robust business and earnings growth in the years to come

Hi Can some one help ?

Plse help to explain the formula to compute its CW27 expiry 28/9, exercise price 1.30 RATIO 2.5 TO 1.

What do u mean by "ratio 2.5 to 1 " ?

Does it mean that this CW will still be out of the money even when MRCBs price reaches 1,30 ?
(bcos of the specified ratio of 2.5 to 1 )

Many thanks
10/03/2018 17:38

Hi, Adcool and /or JayC.

Plse help to explain the formula to compute its CW27 expiry 28/9, exercise price 1.30 RATIO 2.5 TO 1.

What do u mean by "ratio 2.5 to 1 " ?

Does it mean that this CW will still be out of the money even when MRCBs price reaches 1,30 ?
(bcos of the specified ratio of 2.5 to 1 )

Many thanks

Ok. But my worry now is the return
of down trend in crude oil prices
as it broke down below its support
level from USD67 to RM 58 per
barrel now. Due to world
over supply aggravated by
USA Shale Oil flooding the
markets. Can dampen the oil
sector. Need to watch it

CARIMIN : CATALYSTS FOR GROWTH

Coming 2Q results to be announced this month should be better/good based
On the following factors:-
1) Its last year’s 4 Q was positive with a net profit of 1.584M. Its following
1Q for FYE 30/6/218 was a small loss of 183K. Our optimistic projection
of a much better 2Q was derived from 2 very valuable new contracts:-

JOBS ARE WELL SECURED IN RAPID (Pengerang RAPID), WEST COASTAL HIGHWAY (WCE) & KL WATER WORKS
Fear of payment default is little as Paymasters of Petronas, Malaysia Govt & other Entities of Repute.
The Board of Directors of Carimin is pleased to announce that Carimin Bina Sdn. Bhd. ("CBSB"), a subsidiary of Carimin, had on 23 June 2017 received a Letter of Award dated 22 June 2017 (“LOA”) as the exclusive Sub-Contractor from Urban Masterpiece Sdn. Bhd. for the construction of all civil and engineering works in respect of the rainwater storage tank, consisting of 2 numbers of tube wells, 1 basement tank, 1 level of service/maintenance floor and external works (excluding mechanical and electrical works) for a project in relation to the management, control and store water for flood mitigation purposes in the area of Jalan Termeloh, Taman Tasik Titiwangsa, Kuala Lumpur, subject to the terms and conditions as stipulated in the LOA (“Sub-Contract”).
THE SUB-CONTRACT SUM
The Sub-Contract is estimated to be approximately RM60,000,000.00 (Ringgit Malaysia: Sixty Million Only).
DURATION OF THE SUB-CONTRACT
The anticipated period for the completion of the Sub-Contract shall be twenty-four (24) months from the date of site possession. Tentatively, the dates on which CBSB shall commence and complete the Sub-Contract are as follows:-
a) The Date of Site Possession: 16 October 2017
b) The Date of Completion: 15 October 2019

Estimating Rm30 Millions for One Year with 12% profit CARIMIN already show a future profit of Rm3.6 Millions just from this one job award.

2) The Board of Directors of Carimin is pleased to announce that the Company's wholly-owned subsidiary, Carimin Engineering Services Sdn Bhd (“CES”), had on 20 September 2017 accepted a Letter of Award dated 20 September 2017 (“LOA”) from PETRONAS Carigali Sdn Bhd (“PETRONAS Carigali”) for Provision of Maintenance, Construction and Modification (MCM) Services (Package C (Offshore) Peninsular Malaysia Oil) (“the Contract”).
INFORMATION OF THE CONTRACT
The contract duration will be for a primary period of five (5) years with one (1) year extension option effective from 20 September 2017 and will expires on 19 September 2022, at an agreed fixed schedule of rates.
The details of the scope of works in relation to the Contract will be addressed in a work order which will be issued by PETRONAS Carigali and shall include any or all other work and services which is generally related to Topside Structural Maintenance, Workover Preparation and Facilities Improvement Project.
SO FOR THE NEXT 5 YEARS CARIMIN'S FUTURE IS GUARANTEED BY THE JOB AWARD FROM PETRONAS. A MAMMOTH RM170 BILLIONS TOTAL CAPEX FOR PENGERANG RAPID - THERE WILL BE LOTS MORE JOBS COMING CARIMIN WAY

These 2 contracts’ relevant portions of revenues (and profits) will be recognised in the this 2Q
---------------------------------------------------------------------------------------------------------------------

results bcos their job commencement dates were 16th October 2017 and 20th September 2017
---------------------------------------------------------------------------------------------------------------------

Carimin’s fundamentals and financials are very sound as detailed by our good fella Calvin Tan’s TOP 10 REASONS WHY CARIMIN PETROLEUM IS NOW A STRONG BUY (Calvin Tan Research)
Author: calvintaneng | Publish date: Fri, 26 Jan 2018, 11:41 AM
Going forward Carimin’s business prospects will be positive based on :-
(i) Crude oil prices had recovered very well. It had more than doubled
From < USD30 to >USD60 per barrel translating into many new jobs and
Contracts for its O&G services from those companies which survied and now growing again (in addition to those jobs of engineering SALVIGING works for those companies which are exiting the oil sector)
(ii) Saudi Aramco’s US$7b investment in Rapid Pengerang Johor will translate into many new jobs for Carimin being a Petronas O&G engineering service contractor

Read somewhere that "Long Term Incentive Plan ("LTIP") " are actually GRANTS (which means that the company will bear the cost in its P&L ac (number of shares granted x rm1.07)

Reason ORDINARY SHARES UNDER THE FIRST VESTING OF 2017 RESTRICTED SHARE PLAN OF MRCB'S EXECUTIVE SHARE GRANT SCHEME

Long Term Incentive Plan ("LTIP") - 4,027,000 shares at 1.070.

Not sure if the entitled directors need to pay for their allotments.

If these allotments were given as incentives and rewards for their senior positions and good achievements then the company would have to absorb the costs in their financial accounting

These shares were alloted (NO NEED TO PURCHASE FROM BURSA) to the Senior Executives of the company at @incentive price at rm1.07 (a modified version of ESSOS )

18-Jan-2018 Additional Listing Long Term Incentive Plan ("LTIP") - 4,027,000 shares at 1.070

Agree with comments by Martin and Samuel and others.
Likely to pause and consolidate further

Agree with SamuelLuke and others.

Likely to consolidate further

MQ Technical Rating

2.5 / 5 ( WEAKENED FROM PREVIOUS 4.8 / 5)



Rating Breakdown

Bullish:
2
Over sold:
0
Neutral:
4
Bearish:
3
Over bought:
0
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Technical Analysis


(MAY NEED TO CONSOLIDATE)

YEAH. READ NEWS THAT BERSIH2 N SELANGOR GOVT TAKING MULTIPLE COURT INJUNCTIONS N OTHER PROTEST ACTIONS TO DELAY ELECTION COMMISSION FROM COMPLETING ITS REDELEANATION EXERCISE N THUS PREVENTING ITS SUBMISSION TO THIS COMING PARLIAMENT SESSION ENDING IN MONTH OF MAY. CAN ONLY SUBMIT ONLY IN NEXT SESSION (JULY ? )

PLUS THE RM680M CASH FROM DISPOSALOF MENARA CELCOM.
PLUS LOTS MORE INCOMING CASH

ALL THESE RAM TALK ABOUT A SITUATION BY THIS DECEMBER/YEAR END IS SO SO FAR AWAY WHEN WE ARE NOW IN JANUARY.
IT'S 12 MONTHS AWAY . SURELY THE GOVT WILL SETTLE THE EDL ISSUE VERY SOON LIKELY WITHIN THE NEXT FEW WEEKS.
MOREOVER MRCB HAS LOTS OF CASH FROM ITS RIGHTS ISSUE (EVEN IF WE DO NOT INCLUDE THE CASH COMING FROM EPF (1.14B AND FROM TABUNG HAJI (137m)

Good to be aware or remember that the disposal of EDL to the Govt is only one of the many positive catalysts for MRCB this year.

Other catalysts include :-
Disposal of Bukit Jalil TOD land to EPF FOR RM1.14B cash
Disposal of Setepak land to T. Haji for RM137M cash
Disposal of Menara Celcom for RM680M cash
Disposal of Ascott
Etc
Big RM CASH coming in
Big disposal gains to be credited to profit account
Significant normal profit increase due to improved profit margins resulting from reduction in its borrowings interest expenses
Increasing PDP fees for all its TOD coming up (big jump if its J/V PDP bid with Gamuda is successful)

Very good prospects for MRCB GOING FORWARD
(HENCE THERE ARE MANY MANY GOOD NEWS AND ANNOUNCEMENTS COMING IN ADDITION TO THE DISPOSAL OF EDL)

HIGHER PROFIT RESULTS ALSO DUE TO BETTER MARGINS AS LESS BORROWING COSTS WILL TRANSLATE INTO LOWER OPERATIONAL INTEREST COSTS.

OVERALL TOTAL GEARING WILL BE REDUCED TO A MUCH LOWER N MORE COMFORTABLE LEVEL AS BILLIONS OF CASH ARE TO FLOW IN OVER THE NEXT FEW WEEKS/MONTHS. INCLUDING 1.14B FROM EPF, 680M FROM DISPOSAL OF MENARA CELCOM PLUS MANY MORE MILLIONS FROM DISPOSALS TO T. HAJI N ASCOTT.
THERE WILL BE SUBSTANTIAL DISPOSAL GAINS TO BE CREDITED ITS PROFIT AC.
HENCE EXPECTING MRCB'S NEXT FEW QUARTERS PROFITS TO BE MUCH HIGHER

Based on todays latest report MRCB's Sukuk loan for its EDL highway construction comprused only 25% of its total borrowings of rm3.9B. i.e. its net EDL Sukuk loan had already been paid down over the years n now has a Net outstanding of only less than rm500m ( much less the the rm1B as earlier estimated.)
This is a positive

Fully agree with the above views on the special/unique locations of properties in and nearby Transportation Hubs.
This was also my earlier posting giving the valid factors supporting MRCB's landbanks in and around all its Transit Oriented Developments (TODs).Its KL sentral is already well known. Its upcoming Kwasa Damansara Sentral (J/v already signed with EPF),its CyberJaya Sentral, and the very significant and potentially highly profitable Bukit Jalil Sentral will become very valuable to MRCB. Properties in and around Transportation Hubs (TODs) will always command increasing demand and such niche properties will always fetch premium pricing (as recently spelt out by a Malaysian Property Consultant and now confirmed by the great demand and premium price valuations in Singapore)

Specifically on its up coming Bukit Jalil Sentral.
MRCB completed the National Sports Complex contract and the Govt paid it with lands in Bukit Jalil some years ago. This landbank is therefore cost free. This TOD will be a 30/70% J/V between MRCB and EPF which will pay RM1.14 Billions cash to MRCB.
This is real tangible evidence that MRCB's TOD landbanks are and will be gold mines which will greatly boost the fundamentals (increase in NTA, higher GDVs, lower gearings, higher profits, greater free cash flows supporting higher cash dividends)
All these positives and catalysts will boost up MRCB's share price valuations.
Watch out for the next announcements on the J/v Bukit Jalil Sentral.
The coming payment of RM1.14B cash to MRCB plus all the relevant financial details when announced will spur up MRCB's share price

OVERBOUGHT TECHNICALS SHOULD BE NEUTRALISED SOON WITH TODAY'S HEAVY PROFIT TAKING AND CONSOLIDATION. UPTREND TO RESUME

WOW.! DRB NOW UP 13 TO 2.57

STRONG REBOUND NOW IN THE OTHER GLC ELECTION STOCK, DRBHICOM FROM TO GAIN LOSS (LOW 2.40 TO 2.52) MRCB WILL ALSO REBOUND

Plus one more very significant event n announcement. The formal J/v Agreement with EPF for the Bukit jalil Sentral in which EPF will pay MRCB RM1.14B CASH for 70% of this TOD.
BIG CASH INFLOW N BIG DISPOSAL GAIN FOR MRCB (TOD land is cost free )

Expected normal profit taking. Very well absorbed. about 3.9m vol done this mornings high of 1.31. Strong base building for next up target to 1.31 to 1.38 range. A Step Up Staircase pattern

Properties near MRT stations will be in big demand this year, says consultancy
FMT Reporters
| January 5, 2018
Savills says better public transportation, afforded by MRT lines and ride-shares connected to these lines, will result in greater demand for properties near MRT stations.
UALA LUMPUR: The demand for properties near Mass Rapid Transit (MRT) stations will increase, according real estate services provider Savills Malaysia Sdn Bhd.
This is not only because the MRT is rapidly gaining wide acceptance and changing commuter patterns, it is also connected to other places by ride-sharing operators.
The Edge Property quoted Savills managing director Paul Khong as saying: “Working together with ride shares, the MRT is providing a credible public transport network that is long overdue in this city. This will focus demand around stations and reshape the pattern of property values in Greater KL.”
Savills Malaysia executive chairman Christopher Boyd was quoted as saying: “In other countries such as the UK and Australia, you see many agencies advertising a property based on its distance from the transit lines. This is now happening in Kuala Lumpur. Not only will this apply for residential properties but also for commercial and retail properties.”

MRCB A UNIQUE INFRASTRUCTURE AND CONSTRUCTION COMPANY AND THE SPECIALIST IN TODs (TRANSIT ORIENTED DEVTS) AND THE OWNER OF TOD LANDBANKS WHICH WILL BE DEVELOPED INTO NICHE PROPERTIES (COMMERCIAL/OFFICE/SERVICE APARTMENTS, HOTELS) FOR SALES AND FOR RECURRING INCOMES). NICHE PROPERTIES BEING WITHIN THE PRIME/STRATEGIC LOCATIONS SERVICED BY MULTIPLE MODERN TRANSPORTATION FACILITIES LIKE MRT, LRT, MONORAILS, BUSES , TAXIES, RIDE SHARING, ARE IN GREAT DEMAND AND WILL CONTINUES TO BE WELL SOUGHT WITH PREMIUM PRICES/VALUATIONS

Its upcoming Kwasa Damansara Sentral, Bukit Jalil Sentral, Cyberjaya Sentral (which will become net cash assets within the next few months per analysis by Macquarie Equities Research)

Will be turned into goldmines which will generate huge profits and higher NTAs for many years to come. Increasing profits plus huge disposal gains (eg. Selling 70% 0f its Bukit Jalil Setral land to EPF for RM1.14B cash when its landbank there is already cost free as it recd this land from the Govt as payment for completing the National Sports Complex at Bukit Jalil several years back).
BRIGHT BUSINESS PROSPECTS (HUGE CASH INFLOWS, SIGNIFICANTLY REDUCED GEARINGS, MUCH HIGHER NTAs, GROWING PROFITS (ONE ANALYST FORCASTED A DOUBLING OF EPS) ROBUST FREE CASH FLOWS LEADING TO HIGHER DIVIDENDS, WILL SUPPORT ITS SHARE PRICE VALUATIONS TO 1.51, 1.80, 2.80, 3.88 AND ABOVE AS IT PROGRESSIVELY BECOME A BLUE CHIP
(THE ABOVE INDICATE VERY BRIGHT PROSPECTS FOR MRCB FUNDAMENTALS WHICH WILL PROPEL ITS SHARE PRICES UPWARDS. PERSONALLY, MRCB'S GOOD PRICE PERFORMANCE REPRESENTS MY BEST HOPE FOR MY SUCCESSFUL 2018 INVESTMENT)

Very Happy & Relaxed weekend with my spirits buoyed by accelerating uptrend in MRCB share prices. And with the many good news and catalysts unfolding in the next few weeks I am confident that MRCB will continue to charge ahead n upwards in 2018. Fatt Faat Faat !!!
Will do a write up on MRCB' huge upside potential based its multiple valuable landbanks surrounding all its TODs. My article will be related to a bullish report on properties located near Transportation Hubs.
Have a good weekend

Just focus on its fast improving fundamentals.
The huge cash inflows plus the many positive catalysts materialising will be the winds beneath the wings supporting the uptrend in the share price of MRCB.

Very important that the EDL disposal will also reduce its borrowings by RM1B.
The other good news will include receiving RM1.14B cash from EPF for selling 80% of the upcoming Bukit Jalil Sentral (to be built on its land here which was received from the Govt as payment for the NSC contract. This valuable land IS NOW COST FREE to MRCB. Receiving RM1.14B cash and still owns 20% of this TOD will translate into huge profits for MRCB

MRCB's fundamentals and financials are fast becoming much stronger with high profits, increased NTA, minimal borrowings, stronger cash flows and higher dividend payouts.
(Macquarie Equities Research as posted above pointed out that MRCB,s 4 Key Developments Projects will be in net cash positions in a few months time)

No more tolls at EDL starting January 1

KUALA LUMPUR: Starting Jan 1, motorists will no longer have to pay toll charges at the Johor Bahru Eastern Dispersal Link Expressway (EDL).

The Malaysian Highway Authority (LLM) in a statement yesterday said currently toll collections at the Sultan Iskandar Building toll plaza comprised two divisions, namely PLUS Malaysia Berhad (PLUS) and EDL.

MRCB WILL BE TURNING ITS BUKIT JALIL LAND (PREVIOUSLY RECD FROM THE GOVT AS PAYMENT FOR ITS NATIONAL SPORTS COMNPLEX REFUBISHMENT CONTRACT) INTO A GOLD MINE BY USING IT AS ITS NEXT TOD (BUKIT JALIL SENTRAL). BY SELLING 80% TO EPF FOR RM1.14B CASH, I THINK MRCB'S FUTURE PROFITS WILL BE UP A LOT (BCOS I RATIONALISE THIS LAND IS NOW COST FREE TO MRCB)

3 near tem catalysts to materialise :-
1) EDL Highway. Disposal to the Govt being finalised. Likely total value at RM2.75B inclusive of off-loading its RM1B Sukuk Loan (thus greatly reducing its gearing and saving a lot of interest cost and increase it profits, raising its free cash flows for higher dividends)
2) Kwasa Sentral at Kwasa Damansara worth RM8B J/v with EPF just signed. As its PDP MRCB will receive RM165M fees.
3) Monetisation of its Bukit Jalil land which will be turned into its next TOD, its Bukit Jalil Sentral. Recall MRCB completed the National Sports Complex (Bukit Jalil Spoirts Coimplex) Refurbishment Contract and was paid in kind (Bukit Jalil lands). This land will soon be commercialised into MRCB’s next TOD, the Bukit Jalil Sentral. EPF will pay MRCB RM1.14B in CASH for 80% of this TOD. This monetisation of its Bukit Jalil land will be a very positive game changer as it will rapidly and greatly strengthen its fundamentals and business prospects when combined with the following :-
a) The incoming cash payment RM1.14B from EPF together with its cash pile of RM2.9B from its RI plus its PDP fee of RM165M plus its sale of a stake to T. Haji for RM100M cash (disposal gain RM58M0)plus the impending sales proceeds from its disposals of Menara Celcom, Ascott, etc, will transform MRCB into a valuable company with minimal gearing, significantly more profitable (lower P.E. ), higher NTA, and capable of paying higher/good dividends.
b) Macquarie Equities Research had pointed out that based on the above, MRCB’s gearing will be very minimal and in fact achieve a Net Cash position for 4 of its Key Developmnent Projects (Kwasa Sentral, Bukit Jalil Sentral, Cyber Jya Sentral and German Embassy land)
Re-posting here is Maquarie’s Research article :
‘ they expect EPF to complete the purchase of an 80% stake in Bukit Jall Sentral for RM1.14bn – which MRCB could utilise to pay off the debt raised for Kwasa Sentral. As such, within six to eight months post rights issue, MRCB’s key development projects, including Kwasa Sentral, Cyberjaya Sentral, German Embassy Land and Bukit Jalil Sentral, will be debt free’.

HENCE CAN EXPECT GOVT OFFER FOR ITS EDL TO BE GOOD AND GENEREOUS

GOVT TAKE OVER OF EDL HIGHWAY.
MRCB IS MAJORITY OWNED BY EPF
MANY EPF MEMBERS N CONTRIBUTORS ARE SHAREHOLDERS OF MRCB AND THEY ARE VALUABLE VOTERS FOR THE GENERAL ELECTION
MRCB IS AN IMPORTANT GLC WHICH HAD ALSO DONE A LOT FOR THE GOVT.
(EG COMPLETED THE NATIONAL SPORTS COMPLEX (REFURBISHMENT OF BUKIT JALIL SPORTS COMPLEX FOR MORE THE RM1B AND ONLY PAID BY THE GOVT BY LAND.
THIS LAND WILL NEVERTHELESSS IS NOW VERY VALUABLE AND WILL BE MONETISED SOON INTO ITS NEXT BUKIT JALIL SENTRAL AND THIS WILL SIGNIFICANTLY BOOST THE VALUATION AMD PROSPECTS OF MRCB)

Limit up is always possible on Tuesday. If not Tuesday then will happen soon with so many positive catalysts to be activated over the next few weeks n months. Expect a continous stream of good news n announcements over the term .

MRCB has experienced a breakout above the RM1.07 level with rising volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may rally, targeting the RM1.15- RM1.18 levels. Support will be set around the RM1.02 level.

Afternoon session show time !!!.
Good bye 1.08. Hello & Welcome 1.13 to 1.18
Book your seats.