Posted by InvestsucessTrader > 2019-04-30 08:48 | Report Abuse

Trade at your own peril, when 2 persons fighting, it is better to stay away or you may get hurts.

Posted by ironrobe3388 > 2019-04-30 10:56 | Report Abuse

两虎 (tiger snergy)相争 .watch tiger show .LOL.

Posted by jien183 > 2019-04-30 11:00 | Report Abuse

Endgame? T.T

Posted by DON_JUAN > 2019-04-30 11:16 | Report Abuse

Getting WORST
BOOOO. CHOWWWW CCCCCC

Posted by cheoky > 2019-04-30 11:19 | Report Abuse

what you gave is what you will received. tiger boss screw up the minority holder wealth, now he got a taste of its own. that is all.

Posted by lclwyp > 2019-04-30 11:24 | Report Abuse

Total 6.8% stake or 32.26m cross hand, 0.17-0.26.

Eager to know who grab the shares

Posted by chongkahagent > 2019-04-30 11:44 | Report Abuse

Tiger tan owned 17% on 15 apr ..he actually bought a lot on 15 apr but due to t+3 share only deposited ..hence registrar showed that he was < 10%

Tiger oledy hold more than 50% AS OF YESTERDAY

Posted by mahorse > 2019-04-30 11:44 | Report Abuse

Re : lclwyp :Total 6.8% stake or 32.26m cross hand, 0.17-0.26.

May I know where is it reported?

Posted by DON_JUAN > 2019-04-30 11:48 | Report Abuse

Further ARGGHHHHH....!

Posted by jien183 > 2019-04-30 11:54 | Report Abuse

Undecided what to do now.

Posted by osseng74 > 2019-04-30 11:54 | Report Abuse

Bleeding slowly until die

Posted by spider68 > 2019-04-30 11:57 | Report Abuse

Cut Nose to Spite Face

Posted by martinchua88332 > 2019-04-30 11:57 | Report Abuse

wait until tiger tan is the last man standing

Posted by DON_JUAN > 2019-04-30 11:58 | Report Abuse

DISASTER !

Posted by 劉尹光 > 2019-04-30 11:58 | Report Abuse

internal bleeding... run run... fire is burning

Posted by lclwyp > 2019-04-30 12:00 | Report Abuse

Mahorse, reported on The edge markets

Posted by spider68 > 2019-04-30 12:02 | Report Abuse

Do not dare to reveal the latest shareholdings as at 29-03-2019 so change financial year from 01-01-2018 - 31-12-2018 to 01-01-2018 - 30-06-2019. Annual report for 2018 would not be issued today to reflect the latest shareholdings as at 29-03-2019.

Posted by DON_JUAN > 2019-04-30 12:05 | Report Abuse

Tong Keng Bone left..
Perghhhh

Posted by hkhk > 2019-04-30 12:08 | Report Abuse

what is the reason BODs defaulted payment and under PN17 now? 250k just a small amount.

Posted by osseng74 > 2019-04-30 12:12 | Report Abuse

Margin call is next by IB

Posted by martinchua88332 > 2019-04-30 12:14 | Report Abuse

this company has serious corporate government issues.the top management can easily settle the debt by selling a small part of the land but they insist on issuing the private placement .

Posted by mahorse > 2019-04-30 12:19 | Report Abuse

Somebody with deep pocket should just take it private as at this price market cap less than 100m versus net asset of more than 500m????

Wonder how the BOD handled the 250k debt resulting in PN17. Most companies would try their utmost to avoid PN17, but somehow you feel that the BOD is happy to allow it to slip into PN17.

Opportunity?

Posted by MrPotato88 > 2019-04-30 12:25 | Report Abuse

Can enter now? Or wait for it to drop lower ?Their NTA per share is so high, if company really dissolve, can we retail investor get any good return ?

Posted by B4b4 > 2019-04-30 12:25 | Report Abuse

Yes, can enter now. Dato Tan has 77m shares.

Posted by martinchua88332 > 2019-04-30 12:33 | Report Abuse

the shameless directors have negligible shares .they do not mind the company is on pn17.

Posted by MrPotato88 > 2019-04-30 12:33 | Report Abuse

But if we buy this share, but later the company dissolves, will we get paid back according to the NTA value per share ?

Posted by sonata18 > 2019-04-30 13:03 | Report Abuse

Price will drop lower. Better cut loss. A lot of people are selling later.

Posted by osseng74 > 2019-04-30 13:06 | Report Abuse

their total debt is close to 30mil. company cannot carry this anymore as no more income generation where their plant has completely been shut down 6 months ago

Posted by goodgain > 2019-04-30 13:08 | Report Abuse

This could be my medium term investment then... at least after 6months, they need to hold agm. NTA 1.6 is too high to dissolve.

Posted by Trouble Huat > 2019-04-30 13:35 | Report Abuse

This NTA value is so long never revalue.

Posted by spider68 > 2019-04-30 13:45 | Report Abuse

Changes in Director's Interest (Section 219 of CA 2016)
SEACERA GROUP BERHAD

Information Compiled By KLSE

Particulars of Director
Name ENCIK ZULKARNIN BIN ARIFFIN
Descriptions(Class) Ordinary shares
Details of changes
No
Date of change
No of securities
Type of transaction
Nature of Interest
1
19/04/2019
34,700
Disposed
Indirect Interest
Name of registered holder Synergy Platform Sdn Bhd
Description of "Others" Type of Transaction
Consideration (if any)
2
19/04/2019
200,000
Disposed
Indirect Interest
Name of registered holder Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Synergy Platform Sdn Bhd
Description of "Others" Type of Transaction
Consideration (if any)

Circumstances by reason of which change has occurred Disposal of shares by Synergy Platform Sdn Bhd and Kenanga Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Synergy Platform Sdn Bhd via open market
Nature of interest Indirect Interest
Total no of securities after change
Direct (units) 0
Direct (%) 0.000
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0.000
Date of notice 19/04/2019
Date notice received by Listed Issuer 19/04/2019

Posted by spider68 > 2019-04-30 13:48 | Report Abuse

As shown above as at 19 Apr 2019 Zul has disposed off all his shares & effectively holds no shares of the company prior to PN17 announcement.

Posted by B4b4 > 2019-04-30 13:59 | Report Abuse

New BODs will take over very soon since the business is still viable. Furthermore, the short term borrowings dropped from RM 67 M to RM 21 M and the trade payables also dropped from from RM 87 M to RM 68 M.

Posted by spider68 > 2019-04-30 14:36 | Report Abuse

Drama Minggu Ini - Seacera - SalvadorDali
Author: Tan KW | Publish date: Sun, 28 Apr 2019, 3:39 PM

Points To Consider:

- Net current assets of Seacera was RM838m, largely backed by its 501 acres of land in Semenyih.
- Current management and CEO proposed to do a jv on that land with Duta Skyline (OCR)
- Datuk William Tan is the single largest shareholder with a 16.4% block and has pledged to inject RM30m into the company to resolve the company's cash flow. Tan basically was against the jv.
- Seacera just defaulted on an RM25,451 payment for its Ambank Islamic loan, putting it into PN17.
- Tan also mentioned that if he manages to take over the company he will declare a 10 sen special dividend after minor asset sales.


Commentary:

- Obviously Tan has other plans to develop the 501 acres, apparently with strong China involvement (Country Garden). So who is to say which jv is better? The CEO has the right to call the shots here.
- However, the CEO and present management totally ignore their largest shareholder's pledge to inject RM30m. How to justify the "silly" missed payment of just RM253,451? Cutting the leg to get rid of an itch!!!
- Should the SC step in? In this instance, there appears that there may be a case that the CEO may not have been acting in the company's best interest. On that note, the board of directors should have a lot to answer as well.
- This is an interesting situation where the shareholdings are splintered and no one really has effective control. What are the rights of the largest shareholder then?

Posted by mahorse > 2019-04-30 14:46 | Report Abuse

I wonder whether this is the first time where a PLC whose board members have hardly any shares has placed all its shareholders under siege by their illogical actions thus far.

Why are they in a hurry to JV on the land? It hardly brings in any cash to alleviate its cashflow problem???

Posted by B4b4 > 2019-04-30 14:51 | Report Abuse

Land in Semenyih is very valuable, sir. That is why Dato Tan is keen in Seacera shares. The default payment to the AmBank is very small amount.

Posted by spider68 > 2019-04-30 14:54 | Report Abuse

I wonder why Bursa approved the BOD's application to change the financial year end to 30 June thus allowing the BOD to possibly delay revealing the Annual Report 2018 and to possibly postpone the AGM beyond June 2019?

Posted by prince4 > 2019-04-30 15:15 | Report Abuse

Seacera = 死死啦 ！

Posted by mikeann > 2019-04-30 15:26 | Report Abuse

Immediate support at 0.16

Posted by simon3618 > 2019-04-30 15:29 | Report Abuse

i shot KO

Posted by Harapanmuda > 2019-04-30 15:34 | Report Abuse

Let's pray that Datuk Tan does not buy Seacera based on margin

Posted by chongkahagent > 2019-04-30 15:37 | Report Abuse

Postpone agm = postpone election tactics by bastard .

Because zul 0% dont know how to face the aggravated shareholders after intentionally place a wealthy compant to pn17

I think his face will be smashed with stinky duck egg courtesy from shareholders.

Zul oii zul.. yr next fate will be like bastard najib la

Posted by chongkahagent > 2019-04-30 15:39 | Report Abuse

Meanwhile tiger tan is pressing down d price ..so be careful

Posted by chongkahagent > 2019-04-30 15:42 | Report Abuse

Compare zul n tiger..i prefer zul.

Familiar evil is better than strange angel.

Look at tiger price.. like dead water

Look at share price under zul era..so impressive

When i heard tiger is creeping in
.quickly i dump all shares @38c ( bought 16c) bcos i dont believe in cannon tiger

Posted by DON_JUAN > 2019-04-30 15:42 | Report Abuse

Dead Rat !

Posted by chongkahagent > 2019-04-30 15:44 | Report Abuse

If zul still hold substantial share.. company will never be declared pn 17

Never will

Posted by chongkahagent > 2019-04-30 15:45 | Report Abuse

If tan hold more than 10% he should gather other shareholders to convene egm and oust zul0 %

Before zul initiate bigger damage plan to company

Posted by Shinnzaii > 2019-04-30 15:48 | Report Abuse

tiger failed already...hehe

Posted by Shinnzaii > 2019-04-30 15:49 | Report Abuse

special dividend 10 sen loss declared...hehe...straight minus 10sen from share price...hehe

Posted by spider68 > 2019-04-30 15:58 | Report Abuse

Did you notice some directors sold B4 PN17 announcement.