Jng,chickmonk or noobnew...i concern about 2 thing.brexit and us interest rate hike?does it have any influence for tek seng stock price?please share...pleasseeee
SolarCity stock soars 18% on $2.8 billion Tesla bid; Tesla shares plunge Anita Balakrishnan | @MsABalakrishnan 33 Mins Ago CNBC.com Tesla makes offer to buy SolarCity Tesla Motors said Tuesday it would bid $2.8 billion to buy SolarCity, sending the solar energy company's shares soaring. SolarCity shares popped nearly 18 percent Tuesday after hours on the offer of $26.50 per share to $28.50 per share, while Tesla shares dipped as much as 10 percent, trading below $200 per share for the first time since March. SolarCity's controlling shareholder, Elon Musk, is also the CEO of electric car company Tesla. The two sets of shareholders will vote on the merger independent of Musk after a due diligence process, he said. While Tesla has considered the deal "blindingly obvious" for a while, the timing seemed right as both companies released products that were increasingly aligned, Musk said in a conference call. Elon Musk, Tesla CEO Krisztian Bocsi | Bloomberg | Getty Images Elon Musk, Tesla CEO "It improves the efficiency of the setup," Musk said, focusing on lowering both cost of sales and cost of implementation."Instead of having, say, three different trips to a house to put in a car charger and solar power and a battery pack, you can actually integrate that into a single business." The merger would allow Tesla customers, who drive electric vehicles, to harness the power of the sun in an "end-to-end clean energy product" as soon as next year, Tesla said. It builds on a partnership between the two companies where SolarCity uses Tesla battery packs as part of its solar projects, according to Tesla. It comes on the heels of Tesla Energy, a renewable energy storage solution that launched in March of last year. "It's now time to complete the picture," Tesla said in a blog post. The SolarCity products would fall under the Tesla brand if the deal is approved, Musk said. "The world does not lack for automotive companies — the world lacks for sustainable energy companies." -Elon Musk, Tesla CEO SolarCity intends to carefully evaluate the proposal, it said in an SEC filing. The company is increasingly focused toward product, Lyndon Rive, co-founder and CEO of SolarCity, said in a conference call. "There are tremendous synergies between these two companies," Rive wrote in an email to SolarCity employees. "You should know that the board and the shareholders will be considering this, and so while I am personally excited, I will be recusing myself from the decision-making process. Ultimately, the shareholders will decide." SolarCity shares have been under pressure, down more than 58 percent year to date. But executives said that didn't influence the terms of the deal. Tesla shares, meanwhile, are down 8.5 percent so far this year, even as buzz grows around the new Model 3 car, which will also be unaffected by the deal, executives said on a conference call. "I don't think this creates additional financial risk for Tesla," Musk said, saying the deal would not add significant debt to the Tesla balance sheet. Rive said that SolarCity remains on schedule to be cash flow positive on Q4. "I think it actually amplifies the opportunity for both companies," Musk added. Musk said he's always seen Tesla as focused on sustainable energy, not an automotive company. He said he didn't know how many of Tesla's customers had solar power already or expressed interest in it.
In summary: SolarCity ( solar energy manufacturer ) and Tesla ( electric car manufacturer ) both company plan to merge toward total green energy - electric car using Solar energy station as ion litium battery charger. Tesla CEO : end to end green energy by next year.
because he see long term and gonna privatized it? so it doesnt matter much what price he buys now? because the shareholding in the market could be less? and even that time if there is 30% shares floating in the market, he offer 1.30 to offer also cheap cheap for him. hopefully i hope what i say dont come true. because he is gonna pocket tons of money from privatising perhaps.
Look at the facts of Tekseng and judge yourself before making your own decision for buy or bye.
We all know that it's important for a company to generate positive cash flow from the operating activities to funds its capital expansions. Therefore, we need to look back to identify its track records.
Positive cash flow from operating activities: Year 2016 - RM 21.7 million ( 3 months ) Before purchased of P & M RM 10 million) Year 2015 - RM 22.3 million ( Before purchased of P & M RM 162 million ) Year 2014 - RM 62.3 million ( Before purchased of P & M RM 54 million Year 2013 - RM 11.3 million ( Before purchased of P & M RM 6.5 million
Financing: The company made a first cash call RM 94.5 million in year 2015 and further private placement RM 28.9 million for purchase of P & M. No right issues taking place since 2012.
PER: 12.4x ( exclude compensation received ) PER: 15.7x ( exclude forex gain & compensation received ) Gearing: 0.22
Diluted EPS (after adjusting increasing shares and warrant): 31 Mar 16 - 1.84 cents ( exclude forex gain & compensation received ) 31 Dec 15 - 3.05 cents 30 Sep 15 - 1.48 cents 30 Jun 15 - 1.08 cents 31 Mar 15 - 0.61 cents
Revenue: 31 Mar 16 - RM 131 million 31 Dec 15 - RM 122 million 30 Sep 15 - RM 61 million 30 Jun 15 - RM 79 million 31 Mar 15 - RM 59 million
Profitability: 31 Mar 16 - PBT RM 17.8 million ( exclude forex gain & compensation ) 31 Dec 15 - PBT RM 16.4 million 30 Sep 15 - PBT RM 14.5 million 30 Jun 15 - PBT RM 4.5 million 31 Mar 15 - PBT RM 2.7 million
Above link on green technology for electric vehicles mobility, the sure event, it is parallel concurrent explosive growth for solar demand in the world.
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....
Mohd Fahmi Bin Jaes
29,183 posts
Posted by Mohd Fahmi Bin Jaes > 2016-06-15 15:53 | Report Abuse
fly. dividen makan, harga makan.