So u can imagine this company can boost how many profit in next 2 years
Some more govt Sure will boost economy , so contruction sector sure will come up
Image this company got good pass record, Rail way experience, MRT, and if really didnt get any project, but dont forget they still got Concrete Cement sector, SO sure will benefit for HSR or Bandar Malaysia.
What if they only get 1-2% from HSR and Bandar Malaysia ? there already how many millions ?
Last week 184 millions, HSR and Bandar Malaysia 1-2 % , u can imagine
Just wondering why is this stock still not yet classified as PN17? Shareholder equity value is already below 25% of share capital. Almost certain that their March 20 quarter result is another loss quarter. Jun 20 quarter would be a lot worst.
Wondering why the share price has been trending up since may? Did some research and just notice that they had receive a lot of litigations award since then. Should be good for their balance sheet.
They actually already won a RM22mil compensation award due from the govt since Sept 2019. Not sure why they did not include this in their quarterly report. The longer the govt delay the payment the higher the amount will be since MTD is entitle to a 5% interest payment per annum. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2994561 There was no other announcement since, so i assume its just a waiting game. Govt payments are always long but they will pay or risk of being label a bad paymaster.
This one is the easiest to collect. Court awarded RM19mil to MTD from SN Akmida back in Sept 2020 (so recent). This money is already held in an account under Alliance in the form of performance bond. SN akmida is trying to delay the release of payment. Should have a hearing back in 1st Oct but no announcement. So I assume SN akmida failed.
All in all the company should see litigation award amounting to RM70 mil in cash at least (the longer the higher the amount due to a late payment of 5% per annum). Sound little but given that the company market cap is only RM50mil, cash amount could potentially be higher than the market cap. Basically 30 sens per share hence i think why the recent rally for the past 4 month or so.
Hopefully the company can win more contracts with the Govt potentially going to table high value infrastructure project on 6th Nov. Normally during recession infra projects provide the highest multiplier affect to the economy (at least in theory)...
The Board of Directors of MTD ACPI (“Board”) wishes to announce that the Company has today received a letter from its controlling shareholder, MTD Capital Bhd (“MTD Capital” or “Offeror”), requesting the Company to undertake a selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act 2016 ("SCR Offer Letter").
The Proposed SCR entails a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM0.28 for each ordinary share in MTD ACPI held by all the shareholders of MTD ACPI (other than MTD Capital and the persons acting in concert with them) whose names appear in the Record of Depositors of MTD ACPI as at the close of business on an entitlement date to be determined and announced later by the Board.
MTD Capital requests MTD ACPI undertake cash repayment of 28c a share
KUALA LUMPUR: MTD Capital Bhd, the controlling shareholder of MTD ACPI, has requested the latter undertake a selective capital reduction and repayment exercise under its proposed privatisation exercise.
In a statement to Bursa Malaysia on Monday, it said the proposed SCR entails a selective capital reduction and a capital repayment of 28 sen for each share in MTD ACPI.
This will apply to all MTD ACPI shareholders except MTD Capital and the persons acting in concert with them.
Tan Sri Dr Nik Hussain Abdul Rahman, who indirectly holds the entire stake in MTD Capital, and his children’s shareholdings in Nikvest Sdn Bhd are deemed the ultimate offeror for the proposed SCR. They control 67.8% or 156.56 million shares.
This is a very opportunistic privatization by Tan Sri Nik especially when they are in line of getting a lot of cash from litigation of which they have already won or awarded by the court.
johnbrook calculated that the award is at least RM70 mil (refer above). They actually already got the RM20mil from govt last month. RM70mil = 30 sens per share. This does not include the current businesses and the other assets of the company. As of September the NTA is 26 sens per share.
Offering less than the litigation award is really taking advantage of the minority shareholders. The award is as good as cash. Already they are taking the other assets for free.
Hope they can take this into account and offer a higher price to the minorities.
MTD ACPI Engineering Bhd has won a RM33.44 million construction contract from the Public Works Department in Pahang.The group said its wholly-owned subsidiary MTD Construction Sdn Bhd will undertake the Police Training Centre project in Bentong.
The contract is not expected to contribute any significant financial impact towards the revenue and earnings of MTD ACPI Group during the current financial year as most of the major works will start in the following financial year,
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....
ibull
61 posts
Posted by ibull > 2017-04-12 23:53 | Report Abuse
Fu-yoh trying to breakout today....is the potential RtO by Putrajaya Perdana (TheEdge) still on?