Posted by ML Corp > 2018-09-08 00:02 | Report Abuse

GFM macam pondan.........

Posted by cesc4 > 2018-09-14 11:18 | Report Abuse

Wtf still haven't cut loss? Sapura already rocket up 30%+

Posted by suasuake > 2018-09-25 20:07 | Report Abuse

KAF Investment Bank Berhad
GFM Services Berhad
Proposed Acquisition of KPMD
Attachment
25 September 2018
1
The affected clauses of the Conditional SSA and the Supplemental Agreement and the corresponding
amended clauses as appearing in the Supplemental Agreement 2 are as set out in the table below.
No. Existing clauses in the Supplemental
Agreement (dated 25 July 2018)
Amended clauses in the Supplemental
Agreement 2 (dated 25 September 2018)
1. Clause 1.1
“Stop Date” means 26 September 2018.
Clause 1.1 (in reference to the Conditional SSA)
“Stop Date” means 26 December 2018.
2. Clause 1.1
“Completion Period” means the period commencing
from the Unconditional Date and up to 26 October
2018.
Clause 1.1 (in reference to the Conditional SSA)
“Completion Period” means the period of 30 days
after the Unconditional Date.
The parties agree that all terms and conditions in the Conditional SSA and the Supplemental Agreement
shall, save as expressly varied, amended or altered by the provisions of the Supplemental Agreement 2,
continue in full force and effect.

Not sure this announcement means what?

Posted by kseng81 > 2018-09-26 09:41 | Report Abuse

I guess the take over now extended from 26 Sep --> 26 Dec. This will eventually means earnings from KPMD would not come until next year

Posted by cesc4 > 2018-09-26 18:48 | Report Abuse

Takeover gonna be cancelled, that's why keep delayed

Posted by cesc4 > 2018-09-26 18:50 | Report Abuse

Share price reflected it,so keep dropping and dropping

Posted by suasuake > 2018-10-08 19:50 | Report Abuse

GFM SERVICES BERHAD (“GFM Services” or “the Company”) AND ITS SUBSIDIARY
COMPANIES (“GFM Services Group” or “the Group”)
ACQUISITION OF SUBSIDIARY
1. INTRODUCTION
The Board of Directors of GFM Services wishes to announce that the Company had on 8
October 2018 acquired one (1) ordinary share representing 100% equity interest in Dynasty
Harmony Sdn Bhd (Company No. 1278919-D) (“DHSB”) from Mr. Ng Hock Tiam at a
total consideration of RM1.00 (“the Acquisition”).
Upon completion of the Acquisition, DHSB will become wholly-owned subsidiary of
GFM Services.
2. BACKGROUND INFORMATION ON DHSB
DHSB is a company incorporated in Malaysia under the Malaysia Companies Act, 2016 on
3 May 2018, having its registered office at Level 2, Tower 1, Avenue 5, Bangsar South
City, 59200 Kuala Lumpur and one (1) ordinary share have been issued and fully paid-up.
The principal activity of DHSB is Investment Holdings.
3. FINANCIAL EFFECT OF THE ACQUISITION
3.1 Issued and Paid-up Share Capital and Net Tangible Assets
The Acquisition will not have any material effect on the Issued and Paid-up
Share Capital and Net Tangible Assets of GFM Services Group for the
financial year ending 31 December 2018.
3.2 Earnings
The Acquisition is not expected to have any material impact on the earnings
of GFM Services Group for the financial year ending 31 December 2018.
3.3 Gearing
The Acquisition is not expected to have any material impact on the gearing
of GFM Services Group for the financial year ending 31 December 2018.
4. APPROVAL
The Acquisition does not require the approval of the Shareholders of GFM Services.
5. DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
None of the Directors and/or Substantial Shareholders of the Company and/or persons
connected with such Directors or Substantial Shareholders have any interest, direct or
indirect in the Acquisition.
This announcement is dated 8 October 2018.

Anyone know what is the meaning of this announcement? Will it affected the share price tomorrow?

Posted by cesc4 > 2018-10-09 01:08 | Report Abuse

Totally useless announcement haha

Posted by suasuake > 2018-10-09 14:53 | Report Abuse

Really Lau sai........

Posted by suasuake > 2018-10-09 15:00 | Report Abuse

Totally no hope.......hmmmmmm. lost 30k and cut lost

Posted by cesc4 > 2018-10-10 12:47 | Report Abuse

Don't worry, gonna drop lagi, cut loss is always a wise choice

Posted by suasuake > 2018-10-11 16:05 | Report Abuse

Wow, first time see green colour for so long.....go go go GFM

Posted by suasuake > 2018-10-11 16:43 | Report Abuse

Only me support for you in this type of market only. So please don't let me upset.go go go gfm

Posted by cesc4 > 2018-10-11 17:05 | Report Abuse

Use low volume transaction to trap investor at higher price so can distribute more later

Posted by suasuake > 2018-10-11 17:58 | Report Abuse

Ya, what you said may be right cesc4. But not for this time.

Posted by cesc4 > 2018-10-15 16:22 | Report Abuse

OK may your wish comes true in this red sea

Posted by cy91 > 2018-10-15 16:26 | Report Abuse

lower than IPO price

Posted by 4ever5 > 2018-10-24 12:06 | Report Abuse

technical rebound.. might be a good sign even with current recession market..

Posted by cesc4 > 2018-10-31 16:09 | Report Abuse

OK it's time for reversal, stay tune

Posted by cesc4 > 2018-10-31 21:19 | Report Abuse

Just follow my step, i told u today shows reversal signal, u should know what to do

Posted by Kuroda > 2018-11-08 09:02 | Report Abuse

Get ready to be swallowed again.

Posted by paperplane > 2018-11-16 11:12 | Report Abuse

GFM getting PE 22, Widad should get price better...hehe

Posted by cesc4 > 2018-11-17 09:50 | Report Abuse

Told u all it is reversal

Posted by commonsense > 2018-11-20 10:15 | Report Abuse

How will the company pay for the acquisition of KP Mukah Development? Did management indicate how ? Going through the announcement for the acquisition, management only provide generic statement (could be from internal generated fund or via equity or debt).

They currently only have RM13.5mil unpledged cash. And upon completion of the deal they need to fork up RM110 mil. They could use debt to pay but I think KP Mukah itself is already been loaded with debt (RM258mil as of Dec 2016). Hence, why i think they will need to do some sort of capital raising exercise.

Posted by cesc4 > 2018-11-21 01:23 | Report Abuse

U think too much hahaha , watch me fly

Posted by vince8595 > 2018-11-21 09:31 | Report Abuse

private placement already did the fund raising

Posted by suasuake > 2018-11-21 09:34 | Report Abuse

Not sure KP Mukah really got RM258 mil debt? could not find it cause it is not a listed company.

Posted by hondapetak > 2018-11-21 11:25 | Report Abuse

berapa jauh boleh fly ni? advise bos

Posted by commonsense > 2018-11-21 14:08 | Report Abuse

Hi Vince,

Your right on the private placement but that's not enough. They need to come up with RM110mil. The private placement will only raise RM0.385 x 45mil shares = RM17.3mil.

Hi Suasuake,

You can find the debt numbers from the initial announcement of the proposed acquisition. page 22. Refer to link below:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5678185


That being said, it does look like the shares are rebounding. Hopefully this will continue. Good luck to those who are invested in this company.

Posted by cesc4 > 2018-11-21 15:05 | Report Abuse

Run run run, sell all to me

Posted by Pilotsport > 2018-11-22 11:41 | Report Abuse

Boss said result very good....buy in

Posted by cesc4 > 2018-11-22 12:22 | Report Abuse

U must be kidding

Posted by vince8595 > 2018-11-22 20:39 | Report Abuse

Nice result. Cool!

Posted by whitesheep > 2019-01-14 21:49 | Report Abuse

warming engine for good run

Posted by gdien > 2019-02-07 10:20 | Report Abuse

warrant release...

Posted by thesteward > 2019-02-09 10:13 | Report Abuse

This year will be a good year for GFM

Posted by iswara > 2019-02-09 11:50 | Report Abuse

how much will go

Posted by whitesheep > 2019-02-09 23:53 | Report Abuse

50%

Posted by whitesheep > 2019-02-12 19:24 | Report Abuse

engine start, stay tune for more dividend this year

Posted by suasuake > 2019-02-18 10:28 | Report Abuse

https://klse.i3investor.com/blogs/nanyang_warrants/193818.jsp
Good futures for both gfm-wc and gfm

Posted by goodiewilly > 2019-02-20 11:34 | Report Abuse

hit 60 first..QR out next week

Posted by LaoTzeAhSir > 2019-02-20 13:29 | Report Abuse

sold. waiting for price correction to reenter. stagnant

Posted by goodiewilly > 2019-02-21 12:32 | Report Abuse

QR told was very very good

Posted by LaoTzeAhSir > 2019-02-21 14:12 | Report Abuse

don't bluff

Posted by goodiewilly > 2019-02-21 22:48 | Report Abuse

No need to bluff you, just wait for another few days only...8 digit profit hoh...dont play play

Posted by LaoTzeAhSir > 2019-02-22 01:18 | Report Abuse

I wonder such confidential and sensitive infos. how you got access to it? it's just rumors for whatever the intention it might be

Posted by LaoTzeAhSir > 2019-02-23 08:10 | Report Abuse

http://www.klsescreener.com/v2/news/view/493504

Posted by goodiewilly > 2019-02-25 11:35 | Report Abuse

LaoTzeAhsir, you still have a bit of time, before it hits 65 this few day. The price tells whether QR is good.

Posted by LaoTzeAhSir > 2019-02-25 17:11 | Report Abuse

i will stay aside until qr release on this wed to decide

Posted by goodiewilly > 2019-02-26 10:17 | Report Abuse

Falling ..QR very bad ?? Yesterday surge why ?