for the free cash flow issue no need worry too much at this junction as the future game changer is sand biz which will only factor in by Q3 2020. thus can monitor any improve of cash flow on Q3 QR.

the gap between maximum and minimum scenario is too huge. so for the safety just use the maximum conversion scenario

then the best way to buy the company now is buy the PA and convert to the mother using method (ii) conversion

Thanks jeccy.

Give u many many likes

for every PA converted using option (ii) the company will receive 0.12 per share which is
4,610,754,392 x 0.12
= 533Mil

additional 533Mil cash to company

if all the PA is convert by option (ii)

Then the dilution of Ageson is scary

4,610,754,392 / 502,108,290
= 918% dilution

there is initially this much of PA

4,610,754,392

ordinary share is only this much

502,108,290

i then make big mistake on PA calculation

Thanks Jayc88 for sharing

Pa is not worth as the conversion ratio is 13 to 1

0.025 x 13 = 0.325

mother now is only 0.175

way over value.

value of PA now is 0.175/ 13 = 0.0135

however, PA is good for goreng. but will easily get burn too

next step is lieu & chin will convert the unlimited PA to ordinary to further increase their holding for ages

new shareholder lieu & chin RTO, drive dato foo out is matter of time

Good new dato Foo is out be substantial.

As this is the initial plan.

people already no much interest after 3 days this share goring

i am very minor shareholder.

share price fall down hill.

weak signal

Total number of PA = 4,610,754,392 PA
Converted to Ordinary share = 138,000,000 ordinary share
Used PA for convert = 1,794,000,000 PA (~39%)
Balance of PA available = 2,816,000,000 PA (~61%)

around 38% of the PA adi been converted.

The PA over value now

total 138 Mil new share convert from PA

enlarge capital / dilution of share for 27.5%

another block of PA converted

it usually use the smaller ship transfer the river sand to big ship to go for sea.

the river been use for explore usually direct link to the sea

Hi 靓女 phone phone, why CCCC link to Ageson?

can enlighten me?

TDM, RSAWIT, FGV, Gogogo

JTIASA, TSH, BPLANT, THPLANT Gogogo

today bursa fry for plantation counter

How come never hit limit up?

people saying due to fake 27.5Bil

wish bursa query the company like in the HK project to get more info

without china sand contract

let see sg and HK one

SG is 100Mil yearly
HK is like 70Mil yearly

170Mil yearly with 5% net margin will be 34Mil
8.5Mil / 937Mil share
near to EPS 0.01

170Mil yearly with 10% net margin will be 34Mil
17Mil / 937Mil share
near to EPS 0.02

even without china contract. current price also fair for Sg n HK one

27.5Bil for 15 years

1800Mil yearly
Net margin let say only 5%
Net profit will be 90Mil

with 937Mil share

EPS will be almost 0.10 yearly

apply forward PE 10x will be 1.00
with current share price with dilution of pa count in, forward PE is less than 2

but market will only give the PE once the real money come into picture

like MFCB only up around 6 months to get the power generator income
JAKS also will only up when the power station near it completion.
AGES sand to China expected deliver by Q3 2020, maybe year end only got move?

let say no need top up money.

4,610,754,392/13 = 354,673,444

means addition 354.67Mil ages share will be there to dilute the existing holder.

current ages share is 582.11Mil

additional from PA conversion will make up total become 936.78 Mil

it is additional 61% share

there is total 4,610,754,392 PA issued.

conversion ratio is 13:1
meaning use 13 PA to get 1 Ages ?

conversion/exercise price is 0.13
meaning if pa is at price of 0.01
so i need to use up 13 share of pa and no need add any ringgit value and direct get 1 share of ages?

or i need to use 13pa share and top up RM0.13 to get 1 unit of ages?

i am confuse.

but i think is no need to top up money if 13x 0.01 is equal or more than 0.13

anytime got idea?

how to calculate for the effect for ages pa if fully convert to ordinary share?

it is another form of RTO. New shareholder Mr Chin & Dato Liew buy over the company from Dato Foo. Dato Foo and it indirect holding adi sold most of the share to new shareholder since last year

even the second contract which provide sand to HK.
The source of the sand is also stated in answer to Bursa query that it is from Philippine.

Thus, reasonably believe the sand to China also from Philippine.

If it is from Philippine then it shall not be done alone by Ageson, it surely need a Philippine partner company. Thus, the margin could be lower than self own right for explore/ dig the sand

All the salient terms and conditions of the LOI are as set out below:
(i) Commodity :
(ii) Sand source :
(iii) Estimate laycan of trial :
shipment
(iv) Quantity :
(v) Freight on board price :
Natural sand in bulk
San Felipe, Zambales, Philippines
Last week of May, 2020 (up to December 2021 with an option for extension, if any)
Minimum of 50,000 metric ton plus 10% at Boyijun’s option per shipment (Trial shipment). Boyijun reserves the right to purchase more shipments
USD 7.00 / metric ton

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=102730&name=EA_GA_ATTACHMENTS

refer to first sand contract supply to Sg, the sand are from Philippine, will this sand to China also from Philippine?

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=102572&name=EA_GA_ATTACHMENTS

Booster will be Philippines market

bye bye mflour. deep adjustment meaning no intention for up further. break up now is consider happy ending with minor loss

Is Qtr report this month or need wait until August?

no body look at bjfood? gonna reach 2.00 soon

May is the result release month. Wait for book or surprise

Vincent Tan owned stock goes up in rotation. Now is the turn for Bjtoto, Bjfood, Iris, redtone.

Bjcorp, Bjasset, Bjland have to wait first

Malaysia market give high value for consistent regular income. Like toto get consistent income flow, so high valuation for toto. Same goes to stock like nestle, QL, Harta this kind of share

And bjland own 40% of bjtoto. The Value in bjtoto alone adi surplus bjland current market cap. But it will cont not going up

In Malaysia, it is always been under Value for asset base investment holding company. Just like the share of Inari owned by Insas adi more than market cap of insas itself

all buy in to aim for privatise?

Go go IRIS, engine just start. Today just warm up

again new low. In such a good market moment, do not waste the time in this rubbish stock again.

huat ah. head and shoulder confirm yesterday and today burst out. Go Go Go.