Posted by Daham1968 > 2020-06-22 17:40 | Report Abuse

https://www.theedgemarkets.com/article/myeg-partners-s5-strengthen-bid-niis-contract

Posted by chyeoh1972 > 2020-06-22 17:49 | Report Abuse

joyclee..i dun know..only insider know

Posted by chyeoh1972 > 2020-06-22 17:50 | Report Abuse

that is so many case happen after retailer convert from warrant....the mother keep drop

Posted by chyeoh1972 > 2020-06-22 17:50 | Report Abuse

mc lean...g packat

Posted by chyeoh1972 > 2020-06-22 17:50 | Report Abuse

and so on

Posted by Joycelee > 2020-06-22 18:28 | Report Abuse

chyeoh , but mostly should be sell on today already right for those ICPS shareholder ? as the listing date in today , and the share price is droping , to protect themselves?

Posted by Bursa Wolf > 2020-06-22 19:11 | Report Abuse

MyEG partners S5 to strengthen bid for NIIS contract
TheEdge Mon, Jun 22, 2020 05:00pm - 2 hours ago


THE proposed acquisition of a 10% stake in S5 Holdings Inc by My EG Services Bhd (MyEG) will strengthen the group’s chance to win the RM1.8 billion National Integrated Immigration System (NIIS) contract, say industry observers.

This is because S5’s expertise in the provision of technological systems and services for national security has been well proven. The company has rolled out national security systems in countries such as Malaysia, Myanmar, India, Bangladesh and Nepal.

“It is obvious now who is going to win the NIIS contract,” says an official whose company is also one of the bidders of the contract to develop an integrated immigration control system to be deployed at the country’s entry points such as airports and land crossings.

Contacted by The Edge for comment on the synergies of the partnership, a MyEG spokesperson says S5 is a specialist in border security control, specifically in the provision of systems for the processing and verification of travellers arriving in and leaving the country.

“As this is a service segment in which MyEG is not involved, the partnership is complementary and mutually beneficial for both companies, bringing together each other’s unique expertise,” the spokesperson says.

The announcement had also excited the market. A day after the deal was announced by MyEG, its share price jumped 3.65% to close at RM1.42 on June 11. The counter continued its ascent on June 12, closing at RM1.45.

Meanwhile, the share price of MYEG’s competitor and another bidder for the NIIS contract, HeiTech Padu Bhd, fell 5.4% to RM1.06 on June 11. The stock continued to slide on Friday, settling at RM1.04.

To recap, on June 10, MyEG announced that its wholly-owned subsidiary My EG Capi­tal Sdn Bhd had entered into a share sale agreement (SSA) and a put and call options agreement (PCOA) with Merrington Assets Ltd (MAL) for the purchase of 118 million ordinary shares in S5, representing 10% of its issued and paid-up share capital for a total purchase consideration of RM90 million.

RM75 million of the purchase consideration will be paid in cash, and the rest, in the issuance and allotment of MyEG’s shares to MAL at the issue price of RM1.20 per share.

According to the announcement, MAL owns 20% of the issued and paid-up shares of S5, while NSA Technology Sdn Bhd owns a 76.4% stake in the company. The rest is owned by Avocat Sdn Bhd.

The directors of S5 are Tuan Syed Mohammad Hafiz Syed Razlan, Aaron Loke Khy-Min, Kurian Thomas Jacob Thomas, Chan See Siang and Effendi Ramli. It has two subsidiaries — S5 Systems Sdn Bhd and S5 Code Solutions Kazakhstan LLP.

S5 Systems’ business activity is in the provision of national security solutions involving the provision of security technology intellectual property as well as the development and customisation of solutions and systems, consultancy and support.

The announcement states that the net assets of S5 as at June 30, 2019 stood at RM21.7 million, while its net profits for the financial year ended June 30, 2019 (FY2019) was RM63.2 million.

According to data from the Companies Commission of Malaysia (SSM) in FY2019, S5 Systems reported revenue of RM116.86 million, 17.7% lower than the preceding year’s revenue of RM147.75 million. At the same time, its profit after tax (PAT) fell 41% to RM63.4 million.

S5 Systems has been profitable over the last five financial years to June 30, 2019 (FY2014 to FY2019, with no record for FY2017). Over the last five years, the company’s PAT ranged between RM7.23 million recorded in FY2015 and RM152.84 million in FY2014.

Over the last three years, the company has also been consistently paying dividends to its shareholder S5, contributing RM60 million in FY2016, followed by RM114.1 million in FY2018 and RM102 million in FY2019.

S5 Systems has been in the news in the past few years. In July 2016, Goodway Integrated Industries Bhd proposed to acquire the company for RM900 million from its then 100% parent company NSA Technology, to be satisfied via share issuance.

The proposal was withdrawn in February 2017. NSA Technology was then controlled by Datuk Seri Johann Young through his company Tenang Masyhur Sdn Bhd.

SSM data shows that NSA Technology is no longer owned by Tenang Masyhur but by a Labuan-incorporated company called NSA Technology (L) Ltd. It is not known who owns NSA Labuan.

While the deal is seen as positive for MyEG, questions arise as to who is the ultimate shareholder of the S5 stake that is being sold.

This is because checks on SSM show that the shareholders of MAL — Vent Millions Sdn Bhd, Barolagun Sdn Bhd and Venstrait Sdn Bhd — and others are ultimately owned by companies based on the island of Tortola, in the British Virgin Islands.

“Since S5 is involved in the bidding for NIIS, its ultimate shareholder should be revealed. This is because NIIS is a major public procurement contract, and ...

Posted by Joycelee > 2020-06-22 19:21 | Report Abuse

https://www.klsescreener.com/v2/news/view/690011

Posted by bursahunter > 2020-06-22 19:35 | Report Abuse

lowest closing after the news is out...

Posted by Anderu > 2020-06-22 19:35 | Report Abuse

Talk east talk west but its only strange for the papers when cc is involved hmmm

Posted by Britishshorthair > 2020-06-22 20:54 | Report Abuse

I guess once they list, shareholders would be public owner. Which makes them legit. So definately they will want to list to be involved in this tender.

Posted by azm8881 > 2020-06-22 20:56 | Report Abuse

Congratulations MyEG!

Posted by Joycelee > 2020-06-22 21:20 | Report Abuse

Bt i don think s5 will want to share the cake with myeg , so get listed in the only way for s5 to win the bid alone , and the fastest way to get listed , will be RTO

Posted by mwong3 > 2020-06-22 21:29 | Report Abuse

https://klse.i3investor.com/blogs/KLSETA/2020-06-22-story-h1508910142-SINOTOP_Hidden_bullish_divergent_found_Connect_Wave_4_correction_ending.jsp

Posted by muDDywaterz > 2020-06-23 10:08 | Report Abuse

living on the edge now

Posted by bursahunter > 2020-06-23 10:12 | Report Abuse

https://www.youtube.com/watch?v=7nqcL0mjMjw :')

Posted by Joycelee > 2020-06-23 10:42 | Report Abuse

i still believe what jb said

Posted by mf > 2020-06-23 10:42 | Report Abuse

fly

Posted by Joycelee > 2020-06-23 10:42 | Report Abuse

let's just be patient and wait for the harvest

Posted by High5 > 2020-06-23 10:48 | Report Abuse

The Making of 'Connect The Movie'...B4 even the shooting of the film....part of the script was somehow leaked... shown to everyone inclding the press...Now everyone more or less knows about the story...it just that many dont know the Ending...Guess we all need to wait to see whether is a Happy Ending for all of us or otherwise.
23/06/2020 10:48 AM

Posted by vivabursa > 2020-06-23 10:57 | Report Abuse

ya...if the RTO failed, then is a disaster to the current price. who is making profit then?

Posted by High5 > 2020-06-23 11:02 | Report Abuse

Im holding on...wait and see...
pray for the best....expecting the worse too...

Posted by Justmeme > 2020-06-23 11:22 | Report Abuse

Whether the RTO really happen or not it is everyone guess. Stock market is like this, you buy on rumour and sell on facts.Even if they announce a confirm RTO, so what ???... the share prices may fall really. If everyone waits till the confirm RTO, then you better wait and wait, the stock market is not the place for you. Rules of the game is, do not be greedy, play with the rumour and sell on facts.

Posted by High5 > 2020-06-23 11:25 | Report Abuse

Roll of dice...

Posted by Joycelee > 2020-06-23 11:40 | Report Abuse

so just hold until the announcement

Posted by bursahunter > 2020-06-23 11:59 | Report Abuse

what if there is no announcement...

Posted by enchopls > 2020-06-23 12:10 | Report Abuse

then price will slow slide down

Posted by Britishshorthair > 2020-06-23 13:00 | Report Abuse

If sign announcement must be done fast.

Posted by muDDywaterz > 2020-06-23 13:10 | Report Abuse

JB already made a fool out of you guys...jokes on him cause he jumped into a quicksand i.e. AT

Posted by maxprofit > 2020-06-23 13:30 | Report Abuse

will fly b4 closing.

Posted by adam919191 > 2020-06-23 13:38 | Report Abuse

@maxprofit wow are you sure maxprofit?

Posted by Joycelee > 2020-06-23 13:43 | Report Abuse

Muddy but jb comment on AT only, i think it doesn't mean he fool on us ? N as per wat he say connect will drop first before rebounce , it still according to his statement

Posted by Justmeme > 2020-06-23 13:51 | Report Abuse

To buy or not is your own choice. It is your money n your own portfolio. No one pointing a gun at your head to force you to buy. We hear many news daily. Some good n some bad ones. If you do not feel the news have any credit worthiness then just ignore it. Buying eqiities n hear news are purely base on your own risk. Easy to talk talk base on history so no point to belittle anyone. Everyone is entitle to their own views.

Posted by Anderu > 2020-06-23 14:14 | Report Abuse

Yeap just hold or buy when dip only, just have faith in that dude, whats the point conning us ikan bilis like so little

Posted by teareader818 > 2020-06-23 14:20 | Report Abuse

I think jb had revealed too much about Connect and was told stop it. If so it means that the RTO is still on.

Posted by bursahunter > 2020-06-23 14:25 | Report Abuse

hope JB still can come back enlighten us..

Posted by Joycelee > 2020-06-23 17:17 | Report Abuse

JB that time say bottom for 10 days right, lets just wait until after 10 days maybe?

Posted by Justmeme > 2020-06-23 20:59 | Report Abuse

For the 2 week I am sure you have notice the volume on this counter. It is more than the total shares available many times over in the market and most transaction have traded between 28 to 38 cents, Meaning most of the buyers or investors are holding it with cost averaging of around 32 cts. So I am wondering if 20 cts is possible. If it is possible then it must be a sell down and I would never pick up any CC stock even at 20 cts.

Posted by HandsomeGain > 2020-06-23 22:01 | Report Abuse

Could be x change share holder...sell on news ard.. The rto must success else will jus quietly going down.. But good news is anytime shoot if the rto confirm.

Posted by Bursa Wolf > 2020-06-24 08:43 | Report Abuse

Technical wise support 28c, resistance 35-36c

Posted by mf > 2020-06-24 11:01 | Report Abuse

new announcement

Posted by Joycelee > 2020-06-24 11:15 | Report Abuse

mf where you saw new announcement? i find klse screener don hv?

Posted by mf > 2020-06-24 11:40 | Report Abuse

5s deal

Posted by High5 > 2020-06-24 11:46 | Report Abuse

Big chuck bn thrown to buyer at 30cts

Posted by High5 > 2020-06-24 11:48 | Report Abuse

All done at 30cts...even there r buyers at 29.5cts deal all stil done at 30cts...collecting...or crossing

Posted by Doremon99 > 2020-06-24 13:01 | Report Abuse

Mf Where you get the news? Reporter?
Evening will announce?
But the volume didn't show any good news.

Posted by ASB79 > 2020-06-24 13:31 | Report Abuse

Alot of idiots out there spreading BS

Posted by KLBullTrader > 2020-06-24 13:35 | Report Abuse

S5 deal , announce in july

Posted by Joycelee > 2020-06-24 13:37 | Report Abuse

klbull really?

Posted by Joycelee > 2020-06-24 13:38 | Report Abuse

hopefully it is real , i'm still holding and in faith