Last yr when the annoucement out in Apr, stock price up till 36 sen and later due to RI drop to 20 sen and early this year went up again till 0.375 and after financial qtr result losses & weak market sentiment price drop back to 0-19- 0.20 lvl. Transaction vol very low and not much buyers pushing even secured some good projects for the past 7 mths.
This stock highest was 0.45 when theres newsplay bidding for 1.2b projects last year May. Just in 1 day 25 May 2015 from 0.21 up till 0.44. Price also went crazy in Jun last year drop till 0.225 and shot up back in July 0.405. The operators are pushing up in July and sell down end of Aug last yr drop back 0.195 before shoot up back this yr Jan to 0.375... Now price back to 0.195 range same as RI price lvl. The bigshareholder/ those holding RI issues share need to push price up to have profit for their shares. Same goes for its warrant as its conversion 0.20. Now not attractive at all for its warrants.
I already on board at 0.195, now waiting only. I believe QR will be good since bintai in SG already strike off. I heard bintai in SG always lose money.
Yup.. no wonder suddenly raised to 0.205. That holder also smart and intelligence.. haha. Now it still at low price.. I waiting it go to 0.23 first, then only decide what to do. Haha
Last year play was drastic shot up from 0.21 to 0.44 in 1 day.. the operators/big players also push down back to 0.20+ and push up back 0.40+ lvl several times in Jun- Aug.. Really unexpected and this year which suppose to be good but price been push n hold down till 0.20+/- again. They collect at low price and wait to push up back again.
Buyer always queue low and seller big queue blocking, hard to move up. Been months consolidating to lowest price range still not much strong reversal/rebound.
Its likely those bigshareholder /big players that subscribed for the RI 0.20 last year want to avg down their previous Bintai high price. Price has been sell down and hold at abt 0.20+/- lvl as per RI price . If price drop lower than 0.20.. it will not be profitable to trade for them.
Qtr result ending March 2016 coming soon end of this mth. Most contracts secured last year will contribute positively for financial ending March 2016 as per annoucement.
Last month won TNB project worth RM18million price only up till 0.225 but didn't have enough support buying strength. Price cant sustain and drop back to 0.19. Even in Jan this year won RM120million project price only up abit 0.35 to 0.375 before get sell down 0.28-0.25- 0.20.
YEsterday big queues at 0.205, today suddenly so little queue. Vol buy still low not enough to boost buyer confidence eventhough Bintai should have rebound much higher with its disposal of lost making subsidiaries and recent won TNB projects.
So low vol and lack of buyer buying interest. Hard 2 attract buyers to buy/trade. The mainshareholders and operators need to follow AWC.. from 0.30 can push up till 0.90+/-.
A new chapter as I what I see ..meaning marking the end of the bad debts era..and high possibility of bad debts recovery meaning adding more profits later ..the party sued odeli offered Bintai for some settlements last time but the amount was rejected by Bintai due to a low offer . Anyway correct me on the court cases as I do not really follow through
Look at the segment report, the main business from specialized M&E was making losses even though the revenue increased by almost doubled. From this can see that the project tendered in Singapore were low margin and hardly can break-even. This is yet to consider the written off the long term receivables. If this coming quarter still have the same issue. I will foresee another impairment will be provided this year end.
The Striking Off will not have any material effect on the net assets, issued and paid-up share capital and substantial shareholdings of the Company for the financial year ending 31 March 2017
Arbitration: On 29 November 2009, the High Court had ordered the claim against SBP be referred to arbitration and the action against SBP be stayed pending disposal of the arbitration proceeding. Thereafter, SBP had, on 1 April 2010, commenced arbitral proceedings against KBK for, amongst others, liquidated and ascertained damages of RM33.555 million for the delay in completion of the Development Project together with general damages. In the same proceeding, KBK counterclaimed against SBP for the reliefs as claimed by KBK in the civil suit. The Company has on 14 March 2016 announced a notification received from KBK’s solicitors on 11 March 2016 that SBP has been ordered to pay a total sum of RM4.985 million with an interest of 5% per annum on the aforesaid sum commencing from 3 June 2008. On 7 April 2016, a Final Corrective Notice was issued and the amount SBP was ordered to pay was amended to RM1.719 million. However, KBK has made an application to the High Court to set aside the Final Award (dated 9 March 2016) and Final Award Corrective Notice (dated 7 April 2016) pursuant to Section 42 of the Arbitration Act 2005, of which hearing is scheduled on 30 August 2016. Based on legal opinion, the Directors hold the view that KBK has good grounds to set aside the Final Award and the Final Award Corrective Notice.
Yes, currently at historical low price since its debut. Other stock par value RM0.10 also trading at abt 0.30+/- which is 3X higher. Some trade at 1.5-2.5X more than its stock par value.
Bintai stock par value 0.20 but still trading at price 0.20.
warrant conversion 1:1 at 0.20. Now main share trading at 0.20 and wa at 0.095. Main shares need to move above 0.30++ only its wa have hope.
Current main shares been press n hold down even with new secured contracts & +ve fin qtr result. Need to breakout from its current low price with more big players support push.
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....
Kungsing Ting
154 posts
Posted by Kungsing Ting > 2016-08-04 08:18 | Report Abuse
Is it good for company?