This is gambling stock. Hope to buy at 3.5 sen and sell at 4 sen.. Just like lucky draw. Right? Mayb should join too.. Market now crazy. Can try luck here.
KUCHING: Shipping firm Hubline Bhd has proposed to acquire a majority stake in an aircraft company for about RM14.2mil.
Hubline entered into a shares sale agreement with vendors of Layang Layang Aerospace Sdn Bhd (Layang Layang) to acquire a 51% equity interest in the aircraft company last Friday.
The vendors are Dayang Majanga @ Mondongi and Johan Poong Abdullah.
Layang Layang Aerospace’s principal activity is aircraft chartering, cargo transportation, aircraft repairing and spare parts’ supplying.
Separately, Hubline had entered into a guarantee agreement with the vendors that the existing and identified businesses of the Layang Layang group would generate a net profit of not less than RM10.5mil, with a minimum of RM3mil for any one year for the financial years ending Dec 31, 2019, 2020 and 2021 or its equivalent 36 months after taking into account the intended change of financial year to Sept 30 to be co-terminus with Hubline’s financial year.
Layang Layang group currently owns a fleet of seven helicopters and four fixed wing aircraft.
The firm charter in a further six helicopters and one aircraft which it manages on a full-time basis, bringing the total number of helicopters and aircraft under management to 13 and five respectively.
“Where there is greater demand for additional helicopters for specific events, they have pre-established networks that allow them to charter additional aircraft from various other helicopter owners,” said Hubline.
The group is involved in the provision of flying doctor service, emergency medical services, search and rescue missions, aerial sightseeing and aerial survey, mapping and photography, helicopter and aircraft training as well as training for both private and commercial pilot licences.
The operation bases where Layang Layang group has hangers are located in Miri, Kuching, Sibu and Kota Kinabalu. The group also has refuelling stations in various smaller towns.
According to Hubline, Layang Layang Aerospace holds an 80% equity interest in Layang Layang Flying Academy Sdn Bhd, whose principal activity is helicopter and airplane pilot training.
“The proposed acquisition of Layang Layang is in line with Hubline’s business expansion plan to increase our revenue base and this business complements our current line of business,” said Hubline, a logistic company currently concentrating in dry bulk shipping activities.
I suggest don't buy. I lost my underwear and get burnt investing in Hubline. If you continue to buy it is risky. Don't believe? See the chart yourself. 90% people who invested get lower value. All losing money.
To get more political funds, need to push further up; but dun think can reach till 0.15. Unless stop all the Sarawak cars, then focus on at Hubline, he he he
Finally we are here manage to get right issue also. Buy more tug boats to expand as this area make money all the while and latest is negotiating with petronas chemical sarawak if they can have contract in future for delivering petrochemical by buying special ship tanker if negotiating success.
At 0.045 and if believe Hubline in the future very cheap already. All our losses last years can be recovered if the price we bought now cross 0.45 in the future presume thet have the petronas chemical contract. We are looking at 10 baggers counter here
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....
5354_
4,808 posts
Posted by 5354_ > 2018-12-16 18:33 | Report Abuse
BDI 1401. Can post Dec good qtr? No wonder 4 sen rock solid even poor mkt.
https://www.bloomberg.com/quote/BDIY:IND