They are doomed for delisting! Get out now b4 it’s too late

No wonder TanSri RIchard Koh selling & getting out, he’s afraid of future CBT case

Another contract terminated but did not announce, TPC Bayan Lepas Penang 100+m awarded Nov 2017 but 6 months delayed so client terminated and appointed Kok Construction to take over work

They are so desperate taking contracts at low2 prices just to bring in much needed cash, even the latest contract from China client not “arms-length” some deal by MCA TS Lim as some PR exercise

Hiding the rot every Q, all the ‘shit’ shows up in Q4 always fooling shareholders

DMB no different from so many companies that were delisted from KLSE, common factors are the corporate crooks runnng them

Bleeding since 2014, change of leadership led to change of fortunes

All crooks

Sell, sell, sell ..... b4 it’s too late

The BOD members just buying time so that the can unload their holdings, they have no viable strategy to get out of PN17

NT resigned from DMB but still remains of CMT board, continues to steal from there with his brother William

Both the same, corporate crooks stealing & then run!

Even USD5m bonds converted to new shares at 5s will produce 400m new shares

Imagine the dilution effect on share price when these new 1 billion shares issued to Siem Offshore are officially listed!!!!

Bond outstanding conversion to ordinary share will add another billion shares, increase to 3b shares

The “ship” is sinking, it didn’t hit an iceberg ..... captain cut a huge hole in its hull

Will buy in @ 2s

Likely to drop further to 2-2.5s

Now constantly done @ 3s, many sellers

Doomed to be a 1s share

Which is the cheapest penny stock in the KLSE?

Key senior executives like TS Lim still drawing huge salaries + bonus despite heavy losses

Lost a lot already when I sold at 3.5-4s, will buy back at 2-2.5s

Q1 will still show losses

1s is as good as zero, probably settle at 2-2.5s

Going to lose another 14m in court case

Low vol today, margin selling done

Have to submit to Bursa for approval first

Should stabilise at 2.5s

High volume on open, margin call

Corp entities exist to make profits and add value to shareholders, both missing here

Q1 expected to be weak due toimpairments from court cases

Looks weak, can’t seem to break out of the 3.5-4s limit ...... margin-call/force-selling will crash it to 2s

Sell at 4s now buy back at 2.5s

LSF (largest shareholder) will inject his submarine cable laying business but b4 it happens he will want Daya to drop more so more shares issued to him

Sell, sell, sell ....... ship sinking, prices will plunge to 2.5s

NTA almost zero

As to the yet to announce “big project”, they are trying to land a high rise condo project in KL. Haven’t they realised that they are not into high rise construction after the disaster of the Central Residence project in KL where they were terminated for their inability to perform and the project was delayed more than a year when the contract was terminated!!!!

Fly high? Hahaha ..... more like diving downwards

Impairments of approx 18m from court case for Q1 2018

Was told more “bad news” coming from their court cases

NT has been siphoning millions from the subsidiaries for years

Senior key management in their subsidiaries jumping into life-boats to avoid drowning with the ship, NT was forced to leave the BOD by LSF to make way for his nominee TS Lim to have a free-hand bcos of the mess created by the Thams

Look at their chemicals business, all thei top managers packed up & left on short notice following their exCEO who joined a competitor. The BOD doesn’t have a clue on how to retain talent & develop the business to a higher level, they are just crooks milking the co. of millions in salaries, bonuses &benefits despite losing more than 300m in the last 3 F/Y

Take a detailed look at the people running the listed holding co. DMB, bunch of idiots. The same management style filters down to the heads of their subsidiaries, people with little or no experience in running these specific businesses for example the guy running the biggest revenue subsidiary is the elder brother of an ex-director who used to run their family’s spice powder business .... ridiculous and laughable

I was informed by “reliable” sources with close business dealings with their 51% owned subsidiary DCMT that the recent award of a private hospital project was a last ditch desperate effort to “cloud-cover” their impending PN17 problem. It was at an extremely low price compared to the next bidder and it is expected to be a very problematic project, just look at the details .... 104m value to be carried out over a 33 month duration! That’s only 3m a month, my grandmother sell more from her nonya kuih stall in SS2 wet market!

The clever ones bailed out early when the counter was trading in the “teens”, fools like us kept hanging-on hoping for a turnaround ..... wishful thinking :(

They have been fiddling their books for years, they have hardly any assets to revalue ..... only items giving positives to their balance sheets are so called “receivables” which are actually a lot of nonsense, a lot of these will evaporate with time from impairments and LADs from delayed projects and reversal of unrealistic “bloated” claims against their clients

Too late to sell, almost nothing left. Hoping for some rebound to 6s to unload

My block stuck from 12s