RM150 mil is just beginning. Besides, 150mil x 10% profit margin = 15 mil / 221m shares is around 6-7 sen. Definitely cannot compare with those big property counters. Yet, this is a good start to venture into Property since they have plenty of cash after disposal of plantation lands.

Annual report 2015 mentioned about the joint venture with Mayor of Kota Kinabalu with GDV RM150 million.

The upcoming joint venture property development project, with an
estimated gross development value of RM150 million, with the mayor
of the city of Kota Kinabalu on a piece of land located within Sinsuran
Complex, Kota Kinabalu, Sabah is expected to commence in early
2016. The construction of Project is expected to be completed over
a period of two years. The project shall be undertaken by the Group’s
subsidiary company Winapermai Sdn Bhd. The Group has a 60%
interest in the company. The project involves the development of a
commercial centre with an estimated built up area of an estimated
86,020 square feet. Currently, the proposed development plan for the
project is pending relevant authorities’ approvals.

sell volumes are 3x more than buy.

26 sen, please buy.

Sell before the company announce to Bursa the common phrase.

The risk of unfulfilled is very low. As I believed now is the best timing for us to accumulate the shares. If too fast they fulfill everything and payment receive, then you will sell the shares and watching with regretful eyes.

NoPainNoGain,
70.0% Within 30 days of SPA being unconditional and effective when the last of the Condition Precedent is fulfilled; and Redemption statement cum undertaking from chargee being
delivered (17 October 2015)

It's already past 17 Oct.Now there's no announcement that the deal off.So I hope GOB will do well sooner or later.

By right it should be received the payment within 30 days. But, due to the condition precedent is yet to fulfill by GOB. Therefore, the future date will be extended.

Global Oriental may resume its uptrend after surpassing the MYR 0.615 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR 0.68. The stock may resume its consolidation if it cannot hold above the MYR 0.615 level. In this case, further support is anticipated at MYR 0.57, where traders can exit upon a breach.

Mean this coming budget will have political issue impact on GOB? If this is the case, it should be even worse after budget.

Hi ChenGy91, budget to be announced not suppose will go up ? What is the reason to cash out first if the budget is to benefit GOB ?

The factory and business may be genuinely shown to outsiders/shareholders. However, the cash keep in bank itself may not be truly represented. RM 886mil in bank and proposed to raise a right issue of RM 50mil is totally not logical. There is no need a PHD to analyse this company already know this is idiot.

next support will be 57 sen.

886 mil for the purpose of daily operational needs. Mean daily operational needs amount to 2.5 mil per day. This company really go insane.

See announcement later.

Pavreit really speed up their works to purchase Da'men.

1 10.0% Deposit upon signing SPA (17 September 2015)
2 70.0% Within 30 days of SPA being unconditional and effective when the last of the Condition Precedent is fulfilled; and Redemption statement cum undertaking from chargee being
delivered (17 October 2015)
3 5.0% Within 14 business days after the final plans had been filed and approved by the Appropriate Authorities (the “Renovation Plans”)
4a 2.5% Within 14 business days from 6 months after the date of issue of the Certificate of Practical Completion
4b 2.5% Within 14 business days on the date of expiry of the defects liability period, ie 18 months after the date of issue of the Certificate of Practical Completion
5 10.0% Within 14 business days after the Trustee receives the strata titles and valid and registrable memorandum of transfer to the Property duly signed for and on behalf of the Proprietor

10 more days will collect 70% out of RM 488 mil = RM 341.6 mil.
07/10/2015 11:42

riskabsorber If fall on Saturday, then should be even earlier at Friday.
08/10/2015 09:55

Special dividend consists of 75 sen capital deduction and 13 sen dividend. Hence, the share price will be deducted 13 sen only as 75 sen capital deduction from par and accounting adjustment.

If fall on Saturday, then should be even earlier at Friday.

Please go to read through the circular report. Golden Land has an upcoming joint venture property development project in KK (with RM 150 million GDV) with the mayor of the city of KK. GLBHD has 60% ownership. Besides, the group has intention to develop the vacant land at Penang and Selangor.

Yes, until 17 Oct still have chance for the deal to call off. However, if Pavreit don't have the intention to buy that property. They won't sign the Sale & Purchase Agreement.

1 10.0% Deposit upon signing SPA (17 September 2015)
2 70.0% Within 30 days of SPA being unconditional and effective when the last of the Condition Precedent is fulfilled; and Redemption statement cum undertaking from chargee being
delivered (17 October 2015)
3 5.0% Within 14 business days after the final plans had been filed and approved by the Appropriate Authorities (the “Renovation Plans”)
4a 2.5% Within 14 business days from 6 months after the date of issue of the Certificate of Practical Completion
4b 2.5% Within 14 business days on the date of expiry of the defects liability period, ie 18 months after the date of issue of the Certificate of Practical Completion
5 10.0% Within 14 business days after the Trustee receives the strata titles and valid and registrable memorandum of transfer to the Property duly signed for and on behalf of the Proprietor

10 more days will collect 70% out of RM 488 mil = RM 341.6 mil.

who will attend this coming EGM ?

Warrant currently trading at premium. Besides, warrants do not entitle for the potential dividend (if declare even though the chance is minimum.)

http://www.focusmalaysia.my/Mainstream/Desmond%20linked%20%20to%20USJ%20mall%20sale

Sorry for those who cannot understand Mandarin as the blog/link is not written by me and I don't know how to translate all into English.

Just for sharing, someone already noticed and wrote about Pavreit that interested to buy over Da:men way back to mid July. Just click the link below: http://windscopo.blogspot.my/2015/07/gob-21-7-2015opteron.html; it indicates that Pavreit actually have liaise with GOB about their interests and somehow leaked out by one of the parties. That should even give us more confidence about the buy over as it already in Pavreit's planned proposal even in July. Once they receive the balance of the purchase price, we will not have the chance to buy at 59 sen now.

surewinz, all technical analysis just for your reference. Not sure about their reliability as I did not subscribe the service.

http://www.leinvest.com/ch/zhong-guan-tao-jing-zhun-tui-jian-zhi-12-gob-1147.html#.Vg35xvmqqko

warrant currently trading at 0.20.

20 sen now.

SBC eyes RM200m sales
SBC Corp Bhd is looking to launch projects worth RM500m in gross development value (GDV) and is targeting to achieve between RM150m and RM200m in sales next year. (StarBiz)

We have the possibility to bargain with Yallen on this coming Oct's interest hike discussion.

No worries, it just market correction due to Dow Jones plunge 312 points to 16,001.

Private placement failed. In order to maintain sound cash flow, Ipmuda will need to dispose off the properties or land held.

COL still have chance to take over ICAP. Based on the total voters attended the 11th AGM was approximately 80 mil shares. Which mean out of 140 mil of total number of shares, still have 60 mil shares which did not vote for any party. Next year will have another round of drama.

When company starts to turn around from debt restructuring will have better idea on capital allocation which is to put priority on working capital instead of special dividend.

Someone eaten my warrant @ 15 sen.

SGD vs MYR today hitting 1 vs 3.06

Bintai start inactive lo. If those go in might need to wait months.

It is impossible for COL to dispose off all their stake in ICAP. They will need to face their clients directly after making tons of losses. They will keep on purchase for more shares in bad times in order to average the previous purchase price. Based on 2015's annual report, COL only holding 18.92 mil shares yet the outcome from voted by poll was about 20 mil. Which mean, if next year Mr Tan still pessimistic and do not utilize the cash pile. We will see another round of dispute against fund manager and COL.

All this while the profit margin for GOB is around 20%. Hence, this disposal will generate around RM100 mil or 20 sen per share.

Someone is queuing to buy 100,000 shares at the price of RM1.42.

If the extra warrant do not affect the value, then why all the merchant bankers buy back the warrant when the period going to expire ?

HW the exercise price is 1,700. But the current shareholding increased to 150mil. Which means let's say the retail hold 100m and CIMB hold 50m at the expiry date of KLCI index 1,550. The cash settlement will be only 100m/150 x (1,700 - 1,550) x 1/667 = RM 0.15 per warrant.

game over for HW.

Sime Darby is increasing their stake in E&O...

Does anyone knows what will be given as doorgift to attend AGM ?

Plantation segment still making good result despite of low palm oil price. 2 more months to go for the proposed disposal.

Nice article to read -
http://money.cnn.com/2015/08/25/investing/stocks-markets-china-turnaround-tuesday/index.html

This is just a proposal for special dividend and capital reduction. Might have another round when EGM and approval of capital reduction by High Court. Overall still positive unless the deal goes off.