good news always there, just that operator controlling the movement i feel.... by right this stock with ECRL and so many contracts and projects, it should not be anything less than rm 1
7130 RENEUCO RENEUCO BERHAD Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposalWhether the corporate proposal involves the issuance of new type and new classof securities? NTypes of corporate proposal : AcquisitionsDetails of corporate proposal : ACQUISITION BY RENEUCO RE SDN BHD, A WHOLLYOWNED SUBSIDIARY OF RENEUCO BERHAD ("RENEUCO") OF 10,000 ORDINARY SHARES INADAT SANJUNG SDN BHD ("ASSB"), REPRESENTING THE ENTIRE EQUITY INTEREST IN ASSBFROM OHP VENTURES SDN BHD FOR A PURCHASE CONSIDERATION OF RM90,000,000, TO BESATISFIED VIA A COMBINATION OF CASH PAYMENT OF RM20,000,000 AND THE ALLOTMENTAND ISSUANCE OF 318,181,819 NEW ORDINARY SHARES IN RENEUCO ("CONSIDERATIONSHARES") AT AN ISSUE PRICE OF RM0.22 PER CONSIDERATION SHARENo. of shares issued under this corporate proposal : 318,181,819Issue price per share ($$) : 0.2200Par Value ($$) (if applicable) : 0.000Latest issued share capital after the above corporate proposalIn the followingUnits : 1,071,542,671Issued Share Capital ($$) : Malaysian Ringgit (MYR) 263,967,414.030Listing Date : 15/12/2023Remarks:You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
From today onwards, Dato Mustakim will own around 26% and MOF will own around 8%..... the day b4 there was a DBT of 33m shares at 0.07 i wonder who got these shares....... advance payment for big projects? hehehehe
The 318 million of shares listing today is at 0.22, so i guess 0.22 signifies something.....should be nicely from here on.... Govt committed to operating ECRL on Jan 2027, which means reneuco n citaglobal has around 3 years from now to build the power plant to power ECRL so the contract award should be anytime soon ....... that is the reason why Citaglobal partnered with Genetec as well, because they need the batteries to store excess power to ensure power reliability
since Friday last week it has been on downtrend and everyone is panic selling including contra players, only operators are collecting, so today's sudden surge means it is just left to right pocket......they are pushing up building volume....
When it's on the uptrend, everyone seems to think that they are doing smthg right and sprouting things that may or may not be true. Just becareful and do your own research
Agree, hence i never comment on price action, what i know is, Reneuco just completed the acquisition of 3 operational hydro plants in sabah today with a FIT of 0.25 kwh, with this we can know that the annual revenue contribution from these 3 hydro will be around MYR 7 million, 5m will go to Reneuco annually, this will be recurring income stream from today onwards, They stil have LSS4 in Pahang which is coming online this month and that has a capity of 50mw if based on the same FIT of 0.25 that is another 11m recurring income annually..... thre is 1 more Hydro plant in Kedah to which reneuco is building, and do not forget about ECRL IPP... now all they need to do is bag a few EPCC projects to get construction income we should be good to go
But i think this time it is different base on volume because az has no funding he is not a powerful operator, he just tries to take over cheap companies to run
why must go for goreng stock ? because got u all, they earn money. i believe wont up alot. cause still have many ppl waiting sell they tickets. if want know pls check back they history.
1) hydro from Assb will contribute around 10m per annum assuming the plants operate at 90% efficiency with a profit margin of 25% at a FIT of 0.243 kwph (total 29000 kw)
2) LSS4 in pahang will contribute around 7.8m annually assuming 6 hours of sun per day with 80% efficiency at a FIT of 0.18 kwph (total 50000 kw) and 50% profit margin (less costly to maintain solar farms compared to hydro)
Reneuco will get a recurring income of 18m roughly per year. ECRL requires how much power? It should be in excess of 1GW or maybe lesser i cant be sure but it would be recurring income as well….. any epcc win now is a bonus
If want to buy.wait it drop below RM0.20.why need to rush.even announced lots of projects need time too complete.technical is strong sell now.need to be very patient to hold.buy & forget
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....
JustForFun123
100 posts
Posted by JustForFun123 > 2023-12-14 16:49 | Report Abuse
not 0.8 ke>? how come downgraded to 50c