So many +ve newsplay ..
Potential Bourbon RTO TGOFFS with abt RM500 millions assets worth,
TGOFFS link up with BIO OSMO after RTO with rm200 million assets
Higher chance 2 secure PETRONAS O&G projects.

BIO OSMO from 0.11 end of Nov last year spike till 0.17 and later continue all way up till 0.25 in Jan 14. Newsplay abt the Sarawak govt-group link RTO 200million assets, with entry of TGOFFS Director as MD and possible going into O&G biz.

Next will be TGOFFS turn to spike up.

Iching88:

A Sarawak-government linked group want to RTO BIO OSmo via injecting MYR200m ($61.5m) in oil and gas (O&G) fabrication assets .Harzani Azmi, via private company Al Maurid Resources Sdn Bhd, acquired a 28% stake in Bio Osmo, he is also the MD in TGOFFS. Presumably with Tanjung's involvement, it will also have a Petronas licence to bid for contracts.

TGOFFS & BIO OSMO working together to create more biz value and get more O&G contract.

Simple words.. same gang ppl working 2gether to make more big $$$$ where as we as normal minority shareholders will get some $$$ also.

Try read this 4 better understanding.
http://www.seatrade-global.com/news/asia/new-player-seen-in-malaysia-oil-gas-sector.html

bonescythe: Big O&G projects most likely after TGOFFS complete/finalize its main core biz assets.
PETRONAS already waiting...

Those bought TGOFFS at recommended price will also be rewarded.

Potential new Sarawak offshore player :D
RTO between TGOFFS & Bio Osmo and gain RM200million.. maybe worth abt RM0.45+/- in share values. Both oso have the same biggest main shareholder.

More newsplay..

'Bio Osmo, which has recently been saved by the local Sarawak government is all set for a major transformation into an oil and gas infrastructure fabricator, according to local media.
The local government in association with the founer of Tanjung Offshore is keen to inject RM200m worth of oil and gas fabrication assets, primarily a 20 acre dockyard"

The fabrication assets that could be injected into Bio Osmo consists mainly of a marine engineering dockyard and its related facilities that is sitting on a 20-acre site in the Sejingkat area in Sarawak, says the source.

Apart from the usual repair and maintenance business, this dockyard has substantial fabrication facilities. It has a capacity of 8,500 tonnes, but upgrading works will double this capacity by next year.

For now, the Sejingkat dockyard (pic) is profitable but can do with further upgrades to take on bigger jobs.

“If the injection of the dockyard into Bio Osmo materialises, it will provide a base for further upgrades, allowing it to bid for better jobs, says the source.

If Bio Osmo acquires the fabrication business through the reverse takeover exercise, it will join the ranks of other listed fabrication oil and gas players such as TH Heavy Engineering Bhd and Muhibbah Engineering Bhd. '

http://seashipnews.com/News/Lid-taken-off-new-Sarawak-offshore-player/3w3c2153.html

http://m.thestar.com.my/story.aspx?hl=Tanjung+Offshore+suspended+pending+announcement&sec=business&id=%7B3162A432-172E-4BCB-B937-589E104DEA6F%7D

http://www.thestar.com.my/Business/Business-News/2014/05/03/Bio-Osmo-takes-the-OG-plunge/

Limit up will be 0.80+. Tgoffs high end of last yr 0.75, early last yr 0.775.
If theres injections of new assets/acquire new big biz, Tgoffs share price will be valuate at higher price.
Tgoffs price bfr sell of core biz tks is rm1++. Affer gave big div & iconshares option.. price drop to abt 0.50 and rebound high several times to abt 0.75+/-.

Thats why the big players which have many shares acquired at low price dont have 2 push much coz its price will be automatically revise higher soon. Can save the money to support / push all out the 'new revised price'. Icon offshore listing 1.85, tgofff new revise price
cant be 2far also.. need some time/strong push to catch up.

Above r just my personal view.

KL_LEE thought u said lousy stock last time, ada beli ?
Yesterday last call... new opening price trading will be on Friday.

mrbullocks: more to come.. 3 days suspension usually big annoucement.
Hope for more +ve price up movement.

I've shared many infos bfr why TGOFFS have potential to make $$$$.
Good for those who bought it.

Yes, TGOFF requested to suspend pending material annoucement, not Bursa suspend TGOFFS.

Suspended.

TGOFFS-SUSPENSION OF TRADING
TANJUNG OFFSHORE BERHAD


LISTING'S CIRCULAR NO. L/Q : 70757 OF 2014
Kindly be advised that at the request of the above Company, trading in the above Company's securities will be suspended with effect from 9.00 a.m., Tuesday, 3 June 2014 pending a material announcement.




--------------------------------------------------------------------------------

Announcement Info
Company Name TANJUNG OFFSHORE BERHAD
Stock Name TGOFFS
Date Announced 3 Jun 2014
Category Listing Circular
Reference No NM-140603-30951

Looks like Icon Offshores IPO selling like hot cakes even bfr listing.
Big players already put in a lot money for the ipo and getting ready for listing day actions.

Closing of retail offering is at 5pm on June 6, while the price determination date is on June 10. Balloting of applications for the issue shares under the retail offering is on June 10, while listing on Bursa Malaysia is set for June 25.

http://online.wsj.com/articles/icon-offshore-starts-taking-orders-for-300-million-ipo-1401429331
http://www.nst.com.my/business/todayspaper/icon-offshore-seeks-rm1b-from-ipo-1.608683
http://www.thestar.com.my/Business/Business-News/2014/05/31/Icon-IPO-to-raise-RM945m-But-valuations-are-on-the-high-side/

Today TGOFFS & TGOFFS-WA moves higher than Sona already.
June will more newsplay for TGOFFS... have good chance to move further up if market no down with big correction.

KLCI almost -10 but TGOFFS still +ve n strong support/trading at 0.615/0.62.

My personal own TP short term ady reach this morning 0.63. Have to see whether can sustain around 0.625 at closing. If can, next TP will be around 0.65. If cant, price should be supported side ways 0.615+/-.

KLCI today -ve, if u are short term players, maybe not suitable for u.

Tat time dividen direct swap for icon offshore think abt RM0.50 only... this mth IPO listing price rm1.85..

Those who took Icon Offshores shares sure fat profit in hand.. $$$$$.
Those want to subscribe now for IPO still have time but pay rm1.85.

Opening price spike up again.. big players game start.
Those weak heart or -ve abt TGOFFS, pls SELL. :D

I didn't hold TGOFFS during tat time, tempted to buy coz restructure plan, have big dividen and offer to get ICON offshores. Those big shareholders most likely will take ICON OFFSHORE shares swap with the dividen direct that time. Minority shareholder maybe also being offered ICON OFFSHORE but not sure they to take dividen or smart to take shares.

TP? If Bourbon get RTO done, injection core OSV biz into TGOFF, close to RM1+/- should be quite possible. Icon offshore IPO also RM1.85.

Choop818: u need 2dig more into tgoffs big players connection with petronas.
Tgoffs with ekuinas relationship oso can laugh ady.

Hclee....told u fitters can make money last time. ... fly till rm1.00++ from 0.70+ .
U should ask the big shareholders or chk with icon offshores registrar.
I tell oso hard 2 believe right?

Maybe u should try ask tan sri tks why he bought tgoffs shares in bulk end of last yr via private placement and till now none of the big shareholders r selling off their shares. U try chk wats in the coming meeting this end of june 4better idea.... maybe wont make much sense 2u coz u cant c the big pics even till now.
In stock investment, pls do own research thoroughly.

https://www.facebook.com/theedgemalaysia/photos/pb.64839963085.-2207520000.1401587292./10152490921393086/?type=3&theater

From The Edge news:

Bourbon Offshore Asia PTE is in talks with TGOFFS to inject 8-9 vessels into the company in exchg of TGOFFS shares. The value of the deal is still under discussion, but a source familiar with the matter inform that it could be RM500 million. Bourbon Offshore Asia based in SG was formed as JV between Bourbon & SG entrepreneur Farid Khan Kaim Khan in 2005 which had 90% stake.
FKKK is the MD of Bourbon Offshore Asia will emerge as the largest shareholder in TGOFFS if the deal materializes. FKKK is also Director of Perdana Marine Offshore Pte LTD a unit of Perdana Petroleum Bhd.

The vessels will be paid wholly through a share issuance could also include warrants to Bourbon Offshore Asia, which will result the company taking over TGOFFS. If the deal goes through, TGOFFS will re-entry into OSV biz. Source says TGOFFS is hoping to announce the corporate exercise in a few weeks, it will have to obtain waiver from Ekuinas. This is due to a non-compete clause when TGOFFS sold its marine service business to Ekuinas in mid 2012.
TGOFFS was restricted from competing in the same segment for 3 yrs following its SNP agreement with Ekuinas. The non-compete clause is only set to expire in mid-2015.

The new business could be a welcome boost for TGOFFS which just returned to the black in its financial yr 2013 ended Dec 31.

Bourbon http://www.bourbon-online.com/en
==================================================================

budiharto : u say TGOFFS no longer in O&G biz and next quarter financial result going to be -ve, pls tell why Bourbon Offshores Asia interested to get TGOFFS shares for about RM 500 million corporate exercise deal. U still don't see the value in TGOFFS? Time to wake up.

1st page & 2nd last page big news on The Edge. Very good news indeed. Tgoffs shares will be sought after since new big buyer wants to become tgoff biggest shareholder via rto chg vessels with tgoffs shares n bring back osv big biz in. Next week onwards should see some exciting shares movement while waiting for equinas to give tvoff waiver on the non- compete clause oncoming icon offshore osv biz. More newsplay on the way. Tgoffs will get bigger n stronger.

No O&G contract last 2 yrs?
This one last year August news.
http://www.seatrade-global.com/news/asia/tanjung-offshore-returns-to-the-black-on-more-contracts-from-oil-majors.html

Why TGOFFS supported by Equinas?
http://www.cekal.my/wp-content/uploads/EKUINAS-Presentation-@-CEKAL-2014-Final-V2.pdf

TGOFF no longer in O&G biz?
Go chk out wats TOS, GASTEC, UGG, TPC, TMS, THMS, TCSI.
TGOFFS from making losses in several previous years managed to recover up and made profit.
Restructuring turnaround generate +ve profit for full yr 2013 biz is good indicator that TGOFF have comes out from the dark and have potential to grow stronger.
Even SONA haven't find any oil yet also attracts a lot big investor to buy up, its a diff type of investing.

Budiharto: U forgot abt Wavenet. HBP shall make the necessary payments for the yield installments within seven (7) days after receiving the statement for each quarter from 7NMS.
If no confident with TGOFFS biz, pls sell and buy other shares.

TGOFF financial full year 2013 is big turnaround profit RM10.9mil compared to losses in 2012.
2014 1st qtr already made rm2.09 million profit already not bad, theres 3 more qtr to go bfr closing yr 2014 financial.
===============================================
Variance of Results Against Preceding Quarter

For the current year quarter ended 31 March 2014, the Group recorded consolidated revenue of
approximately RM34.26 million. This represents a decrease of approximately 63.16% as
compared to RM93.01 million recorded in the preceding quarter ended 31 December 2013. In
the current quarter under review, the Group recorded a net profit after tax of approximately
RM2.10 million which is 53.54% lower as compared to a net profit after tax of RM4.52 million
recorded in the preceding quarter ended 31 December 2013.

The decrease in revenue by approximately 63.16% is mainly due to completion of various
engineering packages in the preceding quarter under review. The Group registered lower profit
after tax due to lower revenue registered in the current quarter under review.

Engineered Packages
Revenue for engineered packages recorded in the current quarter of approximately RM5.96
million is lower as compared to the preceding quarter due to completion of various contracts in
the preceding quarter.

Maintenance Services
The maintenance services division recorded a lower revenue of RM9.09 million in the current
quarter as compared to the preceding quarter ended 31 December 2013 due to the completion of
long term wellhead maintenance contract in 2013.

Products & Services
The products and services division registered a lower revenue of RM19.20 million in the current
quarter as compared to the preceding quarter ended 31 December 2013. The decrease in
revenue is mainly due to completion of various contracts in the preceding quarter.

Current Year Prospects
The Board of Directors of Tanjung is optimistic on the prospects of oil and gas industry in
Malaysia and the region. Notwithstanding a competitive and fragmented market, we believe we
can penetrate into niche areas within the industry for growth with a wider range of products and
services in the near future.

Ya... 1st qtr 2014 result profit rm2.09million but 35.32% lower than 2013 qtr 1.
Should improved more in the coming next qtr with new Gastec, Wavenet and THMS biz.

Financial results not updated yet in trading announcement, just notice of General Meeting.
Still waiting from confirmation. Since TGOFFS already announce unaudited big turnover profit in their coming general meeting, its a very +ve result.

As at 31 December 2013, the Group’s shareholders funds stood at RM184.55 million as compared to RM166.28 million as at FYE
2012. The increases in the Group’s shareholders’ funds are mainly due to the completion of a private share placement exercise
and the turnaround in profitability during the current financial year under review.

Engineering Equipment Services

In FYE 2013, the Group acquired the remaining shares in Gas Generators (M) Sdn Bhd to become a wholly owned subsidiary
within the Group. We believe that engineering equipment division have big potential in both domestic and international markets
given our niche gas generation products and packages which caters for the oil and gas, power generation and healthcare
industries.
During the year, this division generated total sales of approximately RM116.27 million and we have invested in the latest equipment
and software within a new workshop in Balakong, Kuala Lumpur.

Maintenance Services

We are currently operating five (5) workshops for both the upstream and downstream sectors of the oil and gas industry in
Malaysia. These workshops are located in (2 workshops) Kemaman, Terengganu, one (1) each in Miri, Bintulu and Labuan.
We have revamped the business model and operations for our workshops through active collaboration and joint ventures with
principals and business partners so as to reduce our operational costs.
During the year, the Group registered total revenue of RM36.82 million and we aim to increase our market share from new and
existing clients in both Peninsular and East Malaysia such as Petronas Dagangan Sdn. Bhd., Petronas (Penapisan) Terengganu
Sdn. Bhd., Petronas Gas Berhad, BASF Petronas Chemicals Sdn. Bhd., BP Chemical Sdn. Bhd., ExxonMobil Exploration and
Production Malaysia Inc, Bhd, Petlin Malaysia Sdn. Bhd., Nippon Oil Exploration Malaysia Ltd and and Murphy Sarawak Oil Co.
Notwithstanding our wider client base, the profitability margins from this division has not been encouraging and we continuously
review our operations to ensure better efficiencies in the near future.

Products & Services

Our Products & Services division has made encouraging improvements with total sales of RM174.70 million registered in FYE
2013. We have added new principals and products to further enhance our services on a principal-agency partnerships with
reputable products and brand name within the industry.

Other Investment

During the year, we have also announced the acquisition of the entire shares in Wavenet Investments Limited in the United
Kingdom (UK) (Wavenet) for a cash consideration of £6.70 million. Wavenet owns a 100% shareholding in Sparkling Light
Investments Limited (UK) (Sparkling), which in turn owns a block of eight (8) storey office building in the central business district
(CBD) of Birmingham, UK (Property).
The aforesaid property acquisition in the UK, will enable Tanjung to diversify its income stream from the oil and gas industry. With
the acquisition of the property, Tanjung is expected to benefit from potential recurring rentals income and capital appreciation of
the Property in the near future. The acquisition of the Property can also be a hedge against the volatility of the Ringgit and enable
Tanjung to participate in the potential capital appreciation of the robust property market amidst a recovering economy in the UK.

Outlook for the Oil and Gas Industry

We remain optimistic on the prospects of the oil and gas industry in Malaysia as our government had announced various plans
to boost the industry under its Economic Transformation Programme with investments up to RM75 billion over the next 15 to 20
years. These investments are expected to spur various activities within the industry and we expect oil majors to actively enhance
their exploration, development, production and maintenance operations in the near future.

Good financial results :D
20/6/14 will have meeting for the audited full year financial status.

============================================================
Financial Performance

For the FYE 2013, Tanjung registered a total revenue of RM327.79 million and a profit after taxation of approximately RM10.91 million. Total revenue for the year registered an increase of approximately 24.30% as compared to total revenue of RM263.71 million registered in FYE 2012. Net profit after tax of RM10.91 registered in the current financial year as compared to a net
loss after tax of RM11.59 million in FYE 2012, reflects a major turnaround in the Group’s profitability.

This is also a result of our business rationalization exercise undertaken since early FYE 2012. Since then, we have ceased operations of non profitable entities and business divisions within the Group and undertaken a review of strategic business directions in search of new growth.

Olympia today... strong spike up by 25%.. transaction value now only abt RM9.2million
Olympia financial qtr result out last week but today price went up very strong.

Tats why its price still low now. If already have core biz price wont be cheap anymore later.
TGOFFS already build up it sub biz division, sooner or later will move for their bigger plans.

TGOFFS wants to kickoff their future projects with PETRONAS so need to secure foreign oil rigs/company to tap into oversea oil market.

Wait 4 their annoucement...major biz plan to replace tks.

http://icarusconsults.wordpress.com/2014/01/11/the-emergence-of-the-asian-drillers/

Viber88? .... Equinas is one of the main big supporter for TGOFFS...
Equinas selloff its TGOFFS shares back at loss and TGOFFS hlp Equinas by selling TKS to them so can list ICON offshore IPO. Its like both helping each other.

TGOFFS after sold TKS, says want to buy foreign O &G rigs.. deal abt RM 1 billion.
Have enough cash? Equinas will hlp backup?

http://www.thestar.com.my/Business/Business-News/2013/06/11/Tanjung-in-RM1bil-deal-Its-said-to-be-in-final-stages-of-buying-controlling-stake-in-foreign-OG-firm/

Ekuinas, has a war chest of RM2.4 billion.... no problem when comes to money.

http://www.nst.com.my/business/todayspaper/ekuinas-set-for-first-ipo-by-mid-2014-1.491681

http://www.financeasia.com/News/386249,icon-offshore-boustead-plant-ipo-flags.aspx.

Next week will be financial qtr result. Other major newsplay i'm not sure when will announce.
TGOFFS acquired wavenet also part of their plan to attract big foreign investor to join in.

Their main plan is 2 go big... after sold TKS to Ekuinas,
Pocket dividens for themselves, price drop low buy back price go up back... its about 2-3X profit for the big shareholders. High 0.77, drop low and up back 0.75..Those weak shareholders Potong and some heard kena ICU.. but those hold/sell high and buy low get higher profits + earlier dividens big $$$$$.

Buyers of Ekuinas’ interest in Tanjung Offshore were five individuals whose identities remain a mystery. TKS merging it with OMNI Petromaritime Sdn Bhd to create Icon Offshore Bhd, Malaysia’s third largest OSV operator with 30 vessels at present. This was Ekuinas’ largest ever investment at RM484.1mil. Icon Offshore is slated for listing in 2014.

http://www.thestar.com.my/Business/Business-News/2013/06/11/Tanjung-in-RM1bil-deal-Its-said-to-be-in-final-stages-of-buying-controlling-stake-in-foreign-OG-firm/

Yeah.. Tan Sri TKS also joined in last year. With new biz acquired, Gastec, Wavenet, Tanjung HMS Petroleum + more upcoming announcement, TGOFF is set to have good potential spike up.

Good news. Told ady TGOFFS is loaded with cash. Bought wavenet (7NMS Holdings) via cash.
Now sign contract agreement to get money every quarterly from the properties :D
Future quarterly earning in 2014 sure good $$$$.

TGOFFS acquired Wavenet in Mar 14.

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=249222:tanjung-offshore-buys-uks-wavenet-for-rm37-million&Itemid=3#axzz32XyHqKF0

PETALING JAYA - Tanjung Offshore Bhd has entered into a sale and purchase agreement (SPA) with Cross Space Securities Ltd in the UK to acquire the entire shares in its wholly-owned subsidiary, Wavenet Investments Limited (UK) for £6.70 million (RM37.18 million).

Wavenet owns a 100% shareholding in Sparkling Light Investments Ltd (UK), which in turn owns an eight-storey office block in the central business district (CBD) of Birmingham, UK.

"The acquisition of the property will enable Tanjung to diversify its income stream from the oil and gas industry. With the acquisition of the property, Tanjung shall benefit from potential recurring rentals income and capital appreciation of the property in the near future.

"The acquisition of the property can also be a hedge against the volatility of the ringgit and enable Tanjung to participate in the potential capital appreciation of the robust property market amidst a recovering economy in the UK," it said in a filing with Bursa Malaysia.

The acquisition of the property is expected to be completed within 30 days from the date of the signing of the SPA (March 21, 2014). -Sundaily

=============================================================

I ady knew TGOFF is a cash counter.. bought since last year and made several rounds of good money. Read b my earlier posting.. tat time others bought high around 0.70++ and some masuk ICU coz drop till 0.55+/-.

Some nibbing at 0.60..... :D

Yea.. u miss out correction for Pendana also... Its Perdana.

Contract already secured but its unofficial, just need to buy Songa offshore to kickoff.
Can go chk TGOFFS 2-3 block office at Puncak Setiawangsa since early last year already moved to HQ coz company already quite cash rich.

Price spike up to 0.77 last year May and 0.75 in Nov 2013 due to the early high expectation of the major "plan".
After consolidation about 5-6 mths, theres some sign of come back 4 the big players.
with recent spike of 0.635 in Feb & April, May slight up at 0.62.

Its abit quiet pass few days but big players still inside.
Still waters don't think theres no croco... errrr I mean big fish :D

GHLSYS very bullish today... RM11 million can see some good spike up impact.
TGOFFS need big players spend RM 10 million++ also to move up convincingly.

Vol traded 2day very low.. only small fish swim out..

Welcome b kassimsave. This time u seems bullish on TGOFFS :D
Last week THHEAVY & today SONA RM 29.2 millions & SONA-WA hot at RM32.5million and hottest today was MAS transaction value total RM64.68 millions...... soon will be TGOFFS turns.

TGOFFS can spike up very strong like THHEAVY..
This 2 same gang have big players inside.
Can move up one. No need potong.

Big players bz with THHEAVY this morning...abt RM8.7 million,
TGOFF left retailers play alone 1st only abt rm400K transaction so far.

Already in sweet spot zone > 0.60+
Today just test water at 0.615/0.62.

Heading towards 0.63/0.635.. if break... will challenge 0.65+ and next will be 0.67/068
With financial qtr result around the corner + potential good newsplay + strong big players entry ... possible to test 0.695/0.70 if they big players dun play contra too much.

21 May 2013.. from 0.61 spike up all the way till 0.76 before close at 0.725..
10 Sept 2013 from 0.59 up till 0.695 close at 0.68

Sap sap sui for the big players if they want to push till close to 0.70+/-.
Its either they want to go strong full force or just play slow and steady rise.

Whatever their game plan .. set own profit taking plan :D

Support at 0.60, 0.58 & 0.575.

The big players are back. Opening price jumped from 0.58 direct to 0.595.
Total transaction today is RM6.3 million, buying at 55%, AVG at 0.608, highest 0.62 and closing strong 0.615. Spike up by 7 price lvl in just one day. !!!

Today total vol is only abt half of the vol traded on 22/4/14 where the recent big spike up
from 0.555 till 0.625.

Last 15 mins show... strong buy queue at 0.615. Good !!

Rm5 million transaction already... need rm10million to have better impact.. :D
Already strong uptrend sign today since break the 0.575/0.58 convincingly and also 0.60++
Contra playing to test the strength of buyers/sellers before next waves.