Sarawak friend....please attend the AGM @ Dewan Perpaduan I, 1st Floor, Merdeka Palace Hotel & Suites, Jalan Tun Abang Haji Openg, 93000 Kuching, Sarawak, on 18/3/15 and time 11am. Remember to update us
So the logic goes by this, the same CEO is running the Hubline and the price fell down drastically over the years & shipping business has been stopped, so if the same CEO is still around does the share price increase? who said yes, kindly set an appointment with your local SHRINK. So change CEO, a better one will not only steer clear to better path for Hubline, also more $$$ for shareholders like us.
Unless Hubline is a frontline business for money launderers, who can still run business even on consistent loss over the years. This is last i play penny stock. learnt a good lesson.
The group currently operates a fleet of 40 vessels viz., container vessels, dry bulk carriers, and tugs and barges are currently deployed to provide services between
So they have 40 vessels as in website .. presume sold already 3 vessels left 37 vessels. After 30.09.15 no more container business.
Question to ask in AGM 18/3 How many vessel is for dry bulk carriers & tugs and Barges( oils & gas) What the plan for remaining vessel on dry bulk. Sell to who and how much for one vessel if sold. What the plan for proceed when the vessel is sold. Pay debt and working capital and buy new bulk vessel ?
Next to analyst ... who will be the potential buyer.. of this vessel ? Is the dry bulk vessel business under one subsidiary , tug & bugs under one subsidary and container vessel under one subsidiary ?
If that is so easy , just sell the loss making container vessels and it business as one subsidiary while remaining too remain.
If that is not so , then group it as such and sell the loss making container vessels subsidiary.
Remaining two ( bulk and tug) nurture to growth....making money right ?
very simple restructuring... in fact already restructed because already announce will closed ( or sell) the container vessel business by 30.09.15... only we need more details.
So what the issue no issue ... just come clean and tell the banker , supplier , creditor those who want to delist the company and salvage the company.... what the proceed if they sell the container vessels. Would they be enough to cover debts and for working capital.
Presume sell 20 vessels out of 37 . How much ... just say RM 8,000,000 a vessel x 20 = RM 160,000,000. Would there be enough to settle debt 50% plus working capital. Someone calculated sell value 50M a vessel ?
With above , how many think Hubline will survive ? I think so.
the question is Atarah, how if Hubline owes millions of bad debt, and the bank decides to auction those vessels? is good u have done a good research on calculations, but u have to remeber this is a loss making company, & chances of this company has a very bad debt with banks. so conclusion, if it ever sells the vessels, the money goes to the bank or the directors, not to shareholders.
DDK: fyi im holding share of hubline, so i have every damn right to rant or speak here. if u dont like what im hearing, go to other counter n hear other naysayers.
Stupid bustrd monetygod88, since u dont like Hubline, pls get fck nd dont talk rubbish here, u not confident, pls dont buy, ur mom didnot teach or u son of bitch, stupid idiot dmp moneygod88
Me Etitech fall down to 2 cents, now back to 9.5cents, Hubline will bak to 9cents ...only stupid moneygod simply and idiot mind ront know, ur mom didnt teach u ka?
Battle not over yet. Why give up ? They have another half of their business making profit . Bulk and Tug vessel. and 18.03.15 AGM will reveal all. Then we will know better. Yes agreed the fact is 50% vs 50% chances. And fall either side. All who comment here is correct not wrong. All have their point.
But we must stay united as shareholders. Show a bit ( only a bit more confident) to coming new major shareholders. They also need to see respond from public and the present shareholders.
100% they will be there in AGM on 18.03.15.
Sarawak election coming mid 2016 ... just one year away. Many will focus on Sarawak and Sarawak counter. I am not predicting and I don't know.
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....
legend
4,119 posts
Posted by legend > 2015-03-03 20:25 | Report Abuse
wait 0.020 today...tak dapat...buang masa....saya sudak beli jag....harap esok nasib ada baik...