....to me very big quistion why sudently all the management big boss left zelan if it is in good shape...and if u read carefully the annual and recent qtr report it very glaring problem with mena holding which owe zelan project done approved payment of approx. Rm136mil since late 2014...and now already end of 2016...so as i posted earlier zelan has been conned by the mena holding since 2014...and ran out of cash now...
...wth current condation no bank will lend money to zelan to do new project and with current zelan shaky financial status and current projects track record no one will award any contrect to zelan...except mmc or malakoff "the zelan big sisters" would award their internal project as sub con job...
...the way zelan is look more or less like talam (fail property developer)...eventualy loss property develepoment licence but still trading in bskl for some time and now gone dead delisted...
Marcus, TQ for the inside info...yes u are right GITT is in progress wth out zelan... shop owner over the area has received government letter to move out for MRR2 expansion and GITT construction...
I am from Denmark and is a Certified Public Accountant, appointed by the Danish Government. I this respect I have audited many listed Companies. As such I have been involved in these Companies announcements to the Bursa. On this forum there have been brought a lot of rumors about the situation of Zelan, some may be true some false. But some seems just by there nature to be true, top management leaves the Company etc.Where are the announcements from the Company. And I am looking for the quality of this Forum!!??
Thanks ding dong, I have seem, these..But nothing about "insider" information brought on this side. Bringing is illegal and dealing on such information is also Illegal.
well it up to you to make a judgment, it happen that few weeks ago I went to the place near to GITT proposed site to have lunch but the place is closing down due to GITT and MRR2 construction....anyway if zelan is doing well then those 2 projects should be in last quarter report and any good reason for sudden resignation of COO,CFO and MD without replacement until today....what i can think of may be the annual reporting is coming and due by March 2017 and likely going to be bad and poor reporting...or if no reporting by then zelan could be put under PN17???
anyway not to worry on zelan let forget about it an move on, there is so much more opportunity to invest in BSKL...MRCB, GAMUDA, SKPETRO, UEMS etc.... but in my opinion stay away for anything to do with S.Moktar such as MMC, MALAKOFF, ZELAN and potential MMCPORT IPO...due to alot of uncertainty..such project cancelled, delayed, etc e.g one of the hotel along Jalan Sultan Ismail in Bukit Bintang area that suppose to be built and owned by MMC was cancelled due to funding problem... others MMC-SUMITOMO JV..?
@ Calvin, i noticed that OTB and many others don't like your stocks pick selection and I fully agreed. Somehow I do agreed with you on Zelan as I said it before, it's good to buy on weakness as this opportunity don't come by everyday. I strongly believe in Zelan for year 2017, it will surprise many fund managers on its share price moving aggressively upward trending now..... I like this black horse stock because the worst could be finally over for Zelan, at least for now and the near term. 13/01/2017 22:14
zelan.... what happened to it. Can't recall the founder.... the chinese dude, who sold off his shares and left .... from thereon downfall. Being sued right and left.... and most recently by a sister company malakoff !!! WTF.... and 2 of the directors sits on both MMC (mother company) and Zelan.... and MM is also the mother company of Malakoff.... then Hitachi is sueing them, and I dont know who else... syed mokhtar proxy construction company gone after founder leaves... sad end
under covered/hiden damages on s.moktar business and companies now start to surface one by one and seam getting biger and biger...started with mena holding in 2012?? and now for the 2nd time and getting worst next malakoff with the tanjung bin power generation rm700+million problem etc...and soon once global mkt turn bearish potentially in 2018 by trump trigged global recession, the whole thing will crumble..so be careful once the liqudity run dry mega turbulance will ruoil the whole thing like in 1990s....
Don't understand those that don't hold shares talk a lot of negative things. I will continue to buy, thanks for spreading those negativity, as I can buy cheap. I will continue to accumulate. :)
Trump triggedrecession.....??? Cut n pace from sosial media 《《《《 It works!!! Uber CEO Travis Kalanick resigns abruptly from Trump's Business Council as millions of Americans in less than a week deleted the apps and stop using Uber services which brought it down to its knees.
Let us do our humble part and see if Trump's Administration continues with their arrogance...
This is a message which I for one will certainly pass on to everyone and I do hope that everyone here will do the same:
*Translation of a viral post circulating in English/Spanish/Dutch/Chinese/Thai/Arabic/Indian on social media:*
*So you voted to build a wall... well my dear North Americans, although you don’t understand much about geography it’s important that before you lay the first brick you understand what you are leaving outside that wall.*
*On the outside there are 7 billion people - but since you don’t know much about those people, we will call them consumers. There are 7 billion consumers willing to replace the iPhone with Samsung or Huawei. They can replace Levi’s with Zara or Massimo Duti. We can stop buying Ford or Chevrolet because we also like Toyota and Volvo, and Renault and BMW. Those 7 billion can also stop subscribing to Directv and we wouldn’t like it, but we can stop watching Hollywood movies. Although it seems incredible, we don’t have to go to Disney: there are other destinations in South America, Asia and Europe. And believe it or not, there are better burgers than McDonalds. We know there is Adidas and not just Nike. We know much more than you think; We know for example that if those 7 billion consumers do not buy your products, there will be unemployment and your economy - inside the wall - will collapse to the point where we will be asked to come knock it down.*
*We didn't want to, but... you wanted a wall, you're going to get a wall.*
*Cordially,* *The rest of the world.*
_*Please resend this at least 12 times so somehow it reaches the deceived American people*_
(copy/paste or forward and consider yourselves reached)》》》》
....i sold my 1.6mil lots last year due to all those negative things...n just to share to the rest some of the info that i come across as such all are on alert....dont just simply buy wthout doing yr own home work and assess risk on yr investment especially when potential major economic uncertainty in all over the place due to such as potential currency war, trade war etc ....
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....
zebrapower
146 posts
Posted by zebrapower > 2016-12-19 23:13 | Report Abuse
Zelan cannot go below 0.19? If now buy at 0.13, that is about 50% margin!!