Posted by vxpoison > 2019-05-05 15:02 | Report Abuse

Hello Mike Chong! You bought your ticket? Share with us the weather in Belanda soon you touch down..... Cheers mate!

Posted by Mike Chong > 2019-05-05 15:06 | Report Abuse

Ha ha makan chili barking .......

Posted by longvalley > 2019-05-05 15:47 | Report Abuse

vxpoision .......
insider!!!??
Prob @ 0.5........!!?
..........

Posted by longvalley > 2019-05-05 15:48 | Report Abuse

Abraham....!?

Posted by Mike Chong > 2019-05-05 19:08 | Report Abuse

Em... no sounds Le , already gone to Belanda

Posted by Asia88 > 2019-05-05 21:45 | Report Abuse

Mike Chong: Please go read the website for further detail. You missed out something. which is the concession period.
"The total payment of availability charges throughout the concession period of RM835.61mil."

http://www.zelan.com/our-business/engineering-construction/building-construction/center-of-foundation-study-iium/

Mike Chong Availability charges 835 million, Maintenance service charges 504 million.
02/05/2019 9:22 PM


Thanks for your compliment.
Mike Chong Beware of Lie. Suddenly miss Asia88 whom always demand for facts in order not to misleading.
04/05/2019 10:44 PM

Posted by Mike Chong > 2019-05-05 21:56 | Report Abuse

Yes , Asia88 , this is recurring within concession period.

Posted by vxpoison > 2019-05-06 12:13 | Report Abuse

Mike.... Sudah jual? Lari kuat kuat lo....

Posted by Mike Chong > 2019-05-06 12:36 | Report Abuse

Why jual, Ikut cakap tak ada facts, still tak reply why PN17?Why lari kuat kuat kerana ada angin_ barking........

Posted by vxpoison > 2019-05-06 12:46 | Report Abuse

tik tok tik tok tik tok....

Posted by Asia88 > 2019-05-06 22:02 | Report Abuse

vivabursa I thought going to win big project not?
06/05/2019 8:14 PM

You thought? Hahahaha let other judge ba.

Posted by longvalley > 2019-05-09 17:32 | Report Abuse

Hopefully in the good news coming.....!!!

Posted by Mike Chong > 2019-05-10 09:01 | Report Abuse

Collecting.....

Posted by Mike Chong > 2019-05-10 09:03 | Report Abuse

InvestsucessTrader , tik tok tik tok on OCK ......

Posted by longvalley > 2019-05-11 14:38 | Report Abuse

Muhibah, ho hup, zelan in history....!!!!?

Posted by Mike Chong > 2019-05-12 13:24 | Report Abuse

Do you own analysis and decide .Those believe Abraham’s info gain, another windfall coming.High risk high gain, yr $$yr risk.

Posted by Mike Chong > 2019-05-12 17:18 | Report Abuse

InvestsucessTrader is changed name to Fulltimeinvestor.......

Posted by Fulltimeinvestor > 2019-05-12 18:59 | Report Abuse

@ mike chong, saturday and sunday is Fulltimeinvestor, mon-fri is Invessucesstrader

Posted by Fulltimeinvestor > 2019-05-12 18:59 | Report Abuse

I love these 2 names.

Posted by vxpoison > 2019-05-13 16:32 | Report Abuse

TikTokTikTok....

Posted by Mike Chong > 2019-05-14 10:42 | Report Abuse

Vxpoison, do you hold any stocks? InvestsucessTrader OCK tiktok tiktok oredi.....u may be the Guru le....

Posted by Mike Chong > 2019-05-14 17:03 | Report Abuse

A typo error .... HSI-C5H.....

Posted by vxpoison > 2019-05-14 19:03 | Report Abuse

Mike.... PN17 coming.... Stay alert!

Posted by Mike Chong > 2019-05-14 23:30 | Report Abuse

Ha ha why you so good and concern , if announce PN17 , I still can sell with profit .

Posted by vxpoison > 2019-05-15 10:30 | Report Abuse

I am warning others not to fall into the trap you set up...

Posted by Mike Chong > 2019-05-15 12:15 | Report Abuse

Ha ha....., you look at the daily volume . I think you r too free just to spend your time, Asia88 shall be your example , although he is always at negative side but he will give facts.

Posted by longvalley > 2019-05-20 14:19 | Report Abuse

Collect n collect b 4 too late.....!!!!
Yr ££ yr risk......!

Posted by Mike Chong > 2019-05-20 19:40 | Report Abuse

Kuala Terengganu drawbridge project 248mil to be open for test run 2/6 to 17/6 ....

Posted by vivabursa > 2019-05-22 07:47 | Report Abuse

The result of arbitration very soon, win or loose but IIUM recurring income is for sure

Posted by Mike Chong > 2019-05-22 13:42 | Report Abuse

Is anyone know the borrowings 540 million from what projects percentage : iium project value 390 mil, drawbridge 248 mil, suke 257 mil ( to be complete on 25/9/19) . Meena project outstanding claim abt 200 mil ( performance bond and guarantee 100 mil ,progressive claim and others 100 mil , Meena arbitration demand 673 mil , Zelan arbitration demand abt 635 mil)

Posted by vxpoison > 2019-05-23 09:10 | Report Abuse

Runnnnnnn......

Posted by imoogi99 > 2019-05-23 09:36 | Report Abuse

https://www.malaymail.com/news/malaysia/2019/05/23/three-workers-hurt-after-gombak-lrt-station-car-park-collapses/1755541

Posted by Mike Chong > 2019-05-23 10:29 | Report Abuse

Isn’t Zelan had sold GITT project to other company due to bumi company issue?

Posted by Mike Chong > 2019-05-23 10:30 | Report Abuse

I recall sold only 1 million

Posted by vxpoison > 2019-05-23 15:48 | Report Abuse

Lari kuat kuat lo...

Posted by vivabursa > 2019-05-24 07:17 | Report Abuse

Or beli kau kau

Posted by Mike Chong > 2019-05-24 12:53 | Report Abuse

Vxpoison , no one selling lo , need you to lari kuat kuat, buy and sell , act now .......

Posted by vxpoison > 2019-05-24 13:54 | Report Abuse

PN17 coming soon Mikey.... BoChowSeeeeee!

Posted by Mike Chong > 2019-05-24 14:29 | Report Abuse

Vxpoison, no action lo, just barking , luckily not in Ipoh , Ipoh city council sharp shooter.....

Posted by Mike Chong > 2019-05-24 14:32 | Report Abuse

Ock tik tok oredi , sorry investsucesstrader .... . Zelan will be pending last hurdle on arbitration ....

Posted by longvalley > 2019-05-26 13:56 | Report Abuse

Waiting for hraya bonuses.....!!
hee........
0.04n o.045c
still hold.....

Posted by commonsense > 2019-05-26 14:44 | Report Abuse

Hi guys,

The original comments below was from another forum in discussion with Mike. Just sharing for the benefits of others.

Hi Mike,

I think you had misunderstood my earlier message. I wasn't actually proposing Velesto as a potential investment ( i actually don't think they can make any significant profit anytime soon given the very low charter rate).

The point that i would like to make was that by following EPF transactions blindly without having done the research on the companies might proof to be a very bad investment strategy. It would be better for investors to do the research of the company first before making decision on whether to invest or not in a company.

On Zelan, i think its a pure speculative stock. Based on the public info, it does not seem to have any corporate exercise planned. Appeal of this stock would most probably be purely based on technical.

The company posted a net loss of RM23.6mil in FY18 (refer to 2018 annual report). It would have been worst if not for the reversal of write off of receivables (RM13mil) and sudden high profit from its associate companies (profit jumped from a loss of RM1.1mil in FY17 to RM14.5mil in FY18. Not sure why though).
Excluding all of the one off items (i did not exclude the associate result), Zelan core net loss in FY18 actually reaches RM30mil.

However, the biggest issue with the company is its very weak balance sheet. As of Dec 18, the company has a total current liabilities amounting to RM416mil (of which RM 184mil is debt) and only RM101mil in current asset (of which only RM4 mil cash).

This was also highlighted by their auditor, PwC, in the 2018 annual report when it issue a statement of material uncertainty related to the going concern of the group (page 53 of the annual report).

I would advice you to maybe not put all your investment in this one company alone as the risk is actually quite high. In the case that the outcome of the arbitrage award by the Abu Dhabi Court is not to Zelan's advantage, the company will most probably need to impair a big chunk of the RM184mil receivables in its balance sheet. Basically any arbitrage award that is less than the RM184mil would result in an impairment to the receivables.

Given that the shareholder equity of Zelan was RM44.3mil as of Dec 18 or 52.45% of the paid up capital (of RM 84.5mil), any arbitrage award that result in the company having to impair amount that is higher than RM20mil would potentially result in Zelan shareholder equity to fall below 25% of the paid up capital. This is one of the events that could put Zelan under the PN17 list.

Good luck. Hope the arbitration ends well for Zelan.

Regards.

Posted by Mike Chong > 2019-05-26 15:25 | Report Abuse

Commonsense, as said Zhulian and Inari is better choice than mbmr. Zelan is high risk high gain counter, if you have done the research , the borrowing is 540 mil. IIUM will provide recurring income effective this year until concession period . Drawbridge just completed and test run on 2/6 to 17/6 . Suke shall complete on 25/9/19 . This year will be a good year for Zelan. The last hurdle is on arbitration which result deadline by May’19. Looking at the events happening and re recruit of the Head of Legal and become COO whom just confirmed , and AGM is set on 11/6/19, some positive hint.

Posted by vxpoison > 2019-05-26 23:51 | Report Abuse

Mikey... U won't be too far from belanda investing heavily in Zelan.

Posted by Mike Chong > 2019-05-27 21:28 | Report Abuse

Vxpoison, Ipoh city council misses you ???? Don’t worry as I bought low price , but you oredi Holland as not buying any share.....

Posted by Mike Chong > 2019-05-27 21:31 | Report Abuse

Maybe you r one of the commonsense black face as in mbmr forum.....

Posted by longvalley > 2019-05-30 12:13 | Report Abuse

Gd hope........!!

Posted by vivabursa > 2019-05-30 12:28 | Report Abuse

seems all waiting for arbitration result, win big or loose 7 cents?

Posted by charles pang kah keet > 2019-05-31 18:24 | Report Abuse

Pn17

Posted by Kent7281 > 2019-06-01 08:00 | Report Abuse

result not bad, I think still can hold