Zelan is artifically high at the moment becos EPF support it. Fundamentally very weak. may drop further. If below RM0-20 can pick up some. Trade cautiously
Zelan mgt is shit at the moment. Cant handle project mgt. key staff offload. what2expect. Wait till some action taken b4 buying. Pray EPF will take over with new professional mgt otherwise doomed.
important development took place on 6 September 2013 where the price of ZELAN broke the resistance of 0.23. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
Like many in the construction sector there is no hope of Zelan's price to raise beyond 0.50 the most and that too depends on the boom in the construction industry, maybe in ten years' time..Malaysia simply has no more money for development.
What are you guys talking about? These guys can't pay their bills and are doing a restructuring. They got fucked in the Middle East, and now they're in trouble.
we have good news about zelan... good time to support tis counter...by 2 week we can c fruits... big project is coming to zelan after budget ... tis is bumiputra company.. tat reason on 25/09 price shoot to 0.28 with big vol 14,210,900.... Dato' Sri Che Khalib Bin Mohamad Noh is big investor and Director to tis zelan...
The Board of Directors of Zelan Berhad is pleased to announce that all resolutions as set out in the Notice of the 37th Annual General Meeting ('AGM') dated 9 September 2013, were duly approved by the shareholders present at the AGM held this afternoon.
i think it only take in 1 or 1 1/2 month time... i get some inform tat Dato' Sri Che Khalib Bin Mohamad Noh try to work out some thing for tis company under bumiputra listed company with our government ... later we can c their result...
KUALA LUMPUR (Oct 1, 2013): Builder Zelan Bhd has received shareholders' support for its restructuring exercise to pare its borrowings of RM416.22 million as at June 30, 2013, said its managing director Datuk Mohd Nor Idrus.
"I think it's a good start. By having this (restructuring exercise), it will reduce our loan and gearing and improve our relationship with the banks. People will put us more on their radars," he told reporters after the group's AGM and EGM yesterday.
The group has been recording losses from the financial years ended March 31, 2009 to 2011, with accumulated losses of RM392.55 million as of FY13.
Mohd Nor said it is unlikely the group will return to the black this financial year ending March 31, 2014 (FY14) as it would need more time to turn around.
"This (restructuring) exercise is good to clean up the group, to start on a firm footing again, and move forward. There are projects that we have in hand, hopefully this will be a catalyst for us to move forward," said Mohd Nor.
The group's orderbook, including concessions, currently stands at about RM4 billion and it is bidding for projects in several areas including power stations and incinerators.
"We're looking into local projects, but we also won't forget overseas projects," he added.
On the potential buyer of its 4.05% stake in IJM Corp Bhd, Mohd Nor said it will "leave it to the bank".
Affin Investment Bank Bhd is Zelan's financial adviser for the sale of its remaining stake in IJM.
The group recorded a net loss of RM77.87 million in FY13 compared with a net profit of RM11.8 million net profit on a lower revenue of RM128.01 million from RM187.07 million.
Shareholders' funds declined 70% to RM142.48 million as of FY13 from RM475.18 million in FY09, while gearing rose to 2.74 times in FY13 from 0.29 times in FY09.
Let Zelan dropped to below RM0-20 before accumulating. Artificial support at the moment with EPF being made a sucker. Wait after UMNO GE, price will drop.
It was in the news sometime ago. If i am not wrong, a block was sold at RM0-30. After that price started to come down. Turnover of senior experienced management staff at Zelan is frightening. Check it up. The movement of this share will erratic since they will not be based on fundamental but at the whims and fancies of the major players. B careful and buy at real low and sell when volume buildup. Keep this to our group.
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. The support and resistance level of ZELAN are 0.24 and 0.26 respectively. The indicator analysis on RSI is not exhibiting any extreme condition. Watch out for the 30% and 70% levels which indicate any oversold and overbought condition respectively.
should be able to at least get a 3-5cts gain from this ctr.the banks are holding on to their ijm shares which if cashed will be a substantial sum.remainder 53million multiply $5.60= wow figure
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
derrickinvestor
9,080 posts
Posted by derrickinvestor > 2013-07-11 23:42 | Report Abuse
lucky I already run... counter ini sudah mau masuk PN17 category