Posted by ding dong > 2016-12-03 10:02 | Report Abuse

.....or zelan is at the dead end of the road....going for lequidation...

Posted by ding dong > 2016-12-03 10:05 | Report Abuse

.....and their workers now packing off and leaving the company....following coo step on 7sept and cf step on 30nov

Posted by Megan > 2016-12-03 10:17 | Report Abuse

I think COO and CFO leaving can be good news or bad news depends on the reason of leaving. If they were requested to leave due to failed to perform, it is good news as rotten fish head chopped off. However if they leave because of they can't see the future of company, then it is bad news. Marcus can help to further dig the reason behind?

Posted by Megan > 2016-12-03 10:30 | Report Abuse

I still believe the Indonesian Tax refund still not collected when end of Q3'16, because the current assets - tax recoverable that has been added in back to Q3'15 still remains in Q3'16. Anyway, if operation not under financial stress, above tax amount just an extra relief.

If I am a businessman, I want to do the maintenance work too. So do other businessmen. It is still depend on their competitiveness on securing business, or maybe their back mountain plays some role too.

Posted by ding dong > 2016-12-03 11:14 | Report Abuse

...the zelab back mountain. ...http://www.theedgemarkets.com/my/article/emir-mavani-now-syed-mokhtar

Posted by ding dong > 2016-12-03 12:07 | Report Abuse

recent example of service co...of different segment... http://www.theedgemarkets.com/my/article/uem-edgenta-expects-uems-contribute-its-revenue-january?type=Corporate

Posted by ding dong > 2016-12-04 22:30 | Report Abuse

Marcus,
Is alot of zelan workers resigning following the coo and cfo steps....?

Posted by ding dong > 2016-12-04 22:37 | Report Abuse

...if none means the workers still have faith with zelan and if alot of workers are starting packing their begs leaving zelan that bad indication...

Posted by ding dong > 2016-12-04 22:40 | Report Abuse

...or the workers now have more faith with zelan after coo and cfo step out the company.....!!...

Posted by ding dong > 2016-12-04 22:59 | Report Abuse

...but looking overall at zelan such as asset, old project performance history, etc, it still a healty company but lack of jobs.....hopefully the rescuer will come ASAP with multi RM blion projects....as for 2017 at least around rm30bil new jobs to be awarded excluding rm55bil 600km railroad to east cost...

Posted by ding dong > 2016-12-05 15:17 | Report Abuse

..and also not including bandar malaysia project which plan project deployment of rm50bil in 2017...

Posted by Megan > 2016-12-06 17:41 | Report Abuse

Hi Marcus, Ding Dong, Thanks for the info. About the tax refund, since it is in the Q3'16 current asset, I will still take it as outstanding amount. Anyway, most important is the future of the company. I hope their future not as bad as my sickness for past few days.

Marcus, is it the board meeting held yesterday? Your source has news?

Posted by ding dong > 2016-12-06 18:15 | Report Abuse

...as posted above alot new projects to be awarded in 2017....hoping zelan will get part of it...

Posted by ding dong > 2016-12-07 18:27 | Report Abuse

Marcus,
TQ, yes as per your earlier posting another big fish left...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5283705

...so what next...??hope this the closing of down trend news and then followed by good up trend news...

Posted by ding dong > 2016-12-07 18:32 | Report Abuse

seam they all left before mid Dec EGM meeting as posted by Marcus earlier...??

Posted by lian998 > 2016-12-07 18:41 | Report Abuse

Is zelan going into bankruptcy ? So sad....

Posted by ding dong > 2016-12-07 19:16 | Report Abuse

.....i dont think so, just hicup due to poor project n financial management...?!....hope streaming income from iium gambang coming soon..

Posted by Megan > 2016-12-07 20:14 | Report Abuse

Marcus really great! Just it is a bit unusual info as normally employee will not let anyone know about their resignation so that there is a turning back.

Posted by ding dong > 2016-12-07 21:45 | Report Abuse

..from annnual 2015 report page 93 shows that the uae projet owes zelan rm136mil (under recivable) some from 2014...excluding the current abtration totaling rm230mil?....suggest that zelan has been fooled and free ride by this mena project owner....non the less zelan still potentially have at least rm136mil money to recover ......and page 89 to 91 show that zelan do have several company/projects?! including konsesi pusat asasi gambang sdn bhd which is the oprator of iium gambang campus ...so with that technically zelan do have alot of money yet to be collected...but short of real cash for disposal...so i dont think bankrupt is yet the right word for zelan for next 2years until abtration process is over and all mean of collecting money ended........good luck all hope for the best....

Posted by lian998 > 2016-12-07 22:27 | Report Abuse

Many thanks to ding dong, and marcus123. You are good people......

Posted by pangolin > 2016-12-08 14:35 | Report Abuse

coo resigned , cfo resigned ... md resigned also ?? wat happen to top mgnt??? all lari ??

Posted by ding dong > 2016-12-08 16:32 | Report Abuse

Marcus,
TQVM for the critical up date...so zelan still make money RM144mil (8 X 18)from SUKE...

so after VSS and all,any clue what is zelan way forward...delisting ??

Posted by ding dong > 2016-12-08 21:22 | Report Abuse

the way i look on the RM144mil (rm8mil X 18months)from SUKE likely to be used serving loan created related to mena holding arbitration for next 18 months while waiting for the final judgment,,,

Posted by pangolin > 2016-12-09 10:46 | Report Abuse

look like pn 17 door is waiting zelan to knock ??

Posted by ding dong > 2016-12-10 17:09 | Report Abuse

.....i am not sure if project delay in msia is a norm...but what i know even lrt sg buluh kajang was delayed by 9 months just recently completed...may be in construction industry delay 6 to 9 months is accetable subject to labour avilability, material etc.....

Posted by NeverGiveUp > 2016-12-13 10:03 | Report Abuse

Die, 0.105

Posted by Ammar Roshidy > 2016-12-14 10:30 | Report Abuse

I just got up from my deep sleep, so when can we put a buy call on this this penny stock.

Posted by Pinkyprofit > 2016-12-14 15:09 | Report Abuse

helo! any "dramatic"
updates?

Posted by ding dong > 2016-12-14 23:38 | Report Abuse

careful guys...considering the impact on zelan annual report preparation due by march 2017 without cfo, coo and MD..if the report is not ready by then what will happen to zelan listing status....!!!

Posted by ding dong > 2016-12-15 01:13 | Report Abuse

...my view once the listing status become shaky by march 2017, the big boy with deep pocket like s.moktar would make do or die offer to get zelan at fire sale price...that the kind of big boys game play...like the port asset, malakoff buy in private put all screw abd spana in than relisting wth big bang make money..same game done before to maxis, astro, etc take private and relisting i.e use public money to grow the company and let the share price real cheap and die vs asset value...take private stripe all the value...make new story for relisting and make money....so cateful guys and good luck...

Posted by Megan > 2016-12-15 17:19 | Report Abuse

Thanks Marcus for the info, it really useful and helps. Hi Ding Dong, while the monthly 8mil for 18mths for SUKE is pleasant surprise and IIUM might provide support, couple with election is coming and the share price already so low which the room for further drops should be limited; I personally doesn't like the continuous new legal cases and little / no update on the projects which has to depends on insider news. I have chosen to cut loss at 50%. All the best to you.

Posted by pangolin > 2016-12-15 17:47 | Report Abuse

i tot can get some extra bonus from zelan ......who can expect i throw few months bonus to zelan longkang

Posted by ding dong > 2016-12-15 19:42 | Report Abuse

Megan,
I got out early this week...

Posted by ding dong > 2016-12-15 19:44 | Report Abuse

....and all s.moktar counters....

Posted by 1009 > 2016-12-16 10:51 | Report Abuse

Buaya back??

Posted by Megan > 2016-12-16 10:53 | Report Abuse

Glad to hear that Ding Dong. There are always other opportunities. All the legal cases really worrying. It might means the company has serious financial issues and can't make payments. So, their suppliers after many failure attempts have finally stop pursuing using normal channels but bring it to court. From my past experience, company can survive with weak business but will bankrupt due to lack of cash for payments and debts which will be sued until bankrupt.

Posted by Megan > 2016-12-16 10:58 | Report Abuse

With projects and receivable used as pledge to borrow money from HSBC. Once HSBC takes legal actions to collect debt, Zelan will be history in KLSE.

Posted by Costa9 > 2016-12-16 11:48 | Report Abuse

Today up 20% time to run or turnback?

Posted by ding dong > 2016-12-16 14:56 | Report Abuse

Megan,
as per my post earlier, the lawyer will make most money out of zelan and looking at the malakoff ipo story line and what happen to it now also MMC legal battle just like zelan... my opinion stay away form s.moktar listed companies and planned 2017 MMC port ipo....

Posted by Henly30a > 2016-12-16 16:25 | Report Abuse

Please do not overeact on the bad news.Keep careful watch on the recorded transection,in the event of margin call force selling where price keep dropping down with huge volume,chop off immetiadely !!!!! Because the INVESTMENT BANK will protect their assets !

Posted by 1009 > 2016-12-16 22:49 | Report Abuse

So? Bankrupt or not?

Posted by Megan > 2016-12-17 10:11 | Report Abuse

My salute to Marcus for the info and advice to keep investors from the risk.

Posted by ding dong > 2016-12-18 22:11 | Report Abuse

Yes Marcus tqvm for all the inside info...and stay away from any s.moktar listed cos...e.g mmc have been awarded rm15bil lrt prjk, pdp etc but til today nothing happen infect has been side way since 2009...even thaji is selling mmc same thing to malakoff...malakoff story line during ipo was to 85% return profit to investors and seem every thing was ok but suddently after ipo tanjung bin power station start to show big problem and sueing "zelan/somitomo"(contrector constructing tjg bin) rm700mil ...those are just tip of iceburg likely alot more hidden bom ...and wth s.moktar debt estimated rm35 bil and ringgit at near all time low...my opinion smoktar group is heading to big mega uncertainty starting wth zelan...my opinion stay away from smoktar cos cause likely alot more hidden bom yet to come to surface..e.g once smoktar debt implode the rest considered history...

Posted by Abdul Muizz > 2016-12-19 10:48 | Report Abuse

Hope it is real....fly

Posted by Abdul Muizz > 2016-12-19 11:55 | Report Abuse

What news......fly now

Posted by steve_usa > 2016-12-19 12:03 | Report Abuse

go go go....Zelan....could it be local fund joining with foreign investor eyeing stake in Zelan?

Posted by steve_usa > 2016-12-19 12:08 | Report Abuse

:-) my gut feelings could be right.....let's see how far can it fly today.....the only other possible way to make sense.......

Posted by Costa9 > 2016-12-19 12:11 | Report Abuse

Today up up up again ... When is the new MD on board ?

Posted by hklcheng > 2016-12-19 12:18 | Report Abuse

will back to 20 sen?

Posted by hklcheng > 2016-12-19 14:42 | Report Abuse

look not so good li