Energy ,O & G stocking moving UP but HANDAL still at 11sen and maybe HANDAL waiting for OIL to move up above USD100 only can move up.Must have more patience than the operator because they are holding MILLION of handal shares and the holding cost is quite HIGH compare to those holding a few thousand ringgit worth of shares.DON'T FRED BIG HANDAL FISH is going out for a swim soon .
Handal Energy Bhd is planning to undertake a RM90 million capital reduction to eliminate its accumulated losses, followed by a private placement involving up to 40% of its issued shares to raise RM9.7 million to repay its borrowings and trade payables, and an issuance of bonus warrants. It involves the issuance of up to 266.43 million shares to third-party investors priced at a discount of at most 20% to the company's five-day volume weighted average market price of its shares before the price fixing date.
The warrant issuance, meanwhile, will be undertaken after the private placement on the basis of one warrant for every two existing shares held on an entitlement date to be announced later. It expects to be issuing up to 186.7 million warrants. If fully exercised, the warrants could raise another RM22.41 million for the company, which is to be used as working capital.
macam2 lah buntot besar ni. Dah lah menipu dgn investor dari china, yg nama nye deepetro dan dari cerita2 ex-finance yg dah resign, memang company buntot juga, skarang nak tipu lagi. sapa yg bodoh sangat nak percaya cerita2 dongeng buntot besar ni. Semua utk bayar gaji dia, kereta2 mewah dia dan utk berjolly2 dgn arak dan cigar yg mahal2. cakap2 tak semacam apa yg nak di buat tu. selagi buntot besar ada dlm company ni, dia akan sapu semua, semestinya!
Anyone know what actually going on with Handal? I hear that there director includeing YAM Tengku Baderul got personally served with summon from KWSP for not paying KWSP? True or not?
Such an embarrassment for Handal. Good write-up by Robert Walters. So weird that the MD Sunil doesn't want to let go the company to other more competent person. Just sit and earn big salary while the company suffers and the workers doesn't get paid. Such a loser.
Thanks Roberts Walters for the good coverage on whats happening in Handal. Not sure what kinda MD (Sunil) dont pay up workers salaries but can afford to go for luxury holiday and luxury car all using companies money. Such brainless human.
thanks massivekahuna for posting this link. hopefully all this people who been jumping alot previously saying that handal is a good company come to their sense that it is true that the MD is driving the company to bankruptcy.
Still got assets and contracts. Once they announce there strategy to move forward I dun think they can be consider for PN17. Let hope they announce they management and strategy this month.
NOT ALL PN17 company fall below 10sen a piece except SD who owe CREDITORs too much money and not enough assets to offset the liabilities. I just bought 10K HANDAL shares today for 0.095 sen that cost me only RM950 and hope to make RM500 if i can sell it for 0.145sen.
Whether the CHINESE CHINA national XUtiantian can weave his CHINESE magical wand need to be seen but something is brewing in this company whether is it a GOOD or BAD execution
You cannot bet too much on this type of company because the operator will only allow you to have a SMALL GAIN.For me after spending RM950 and the price still go down 1 will collect it after i am PREPARE to loose RM3K buying this counter NOW.as Robert Walters say this is a very BAD COMPANY that carry very HIGH RISKS but he fail to mention HIGH GAIN for taking HIGH caculated RISK remember can only buy SMALL investment for this company .DON.T listen to people say can buy BIG in this lousy company.
KNM a PN17 company with mountain of debts is still above 10sen .For me loosing that RM950 in grave will be less than the BIG BOSS cum operator.If i win SMALL the operator will win BIG but if I loose small the operator will loose even BIGGER consider it is rather at the low end .I just QUE another 10K Handle shares at 0.08 sen, just wait and see the reaction tomorrow when money is due to pay and force selling on Thursday.
I was just wondering if I lost ALL RM950 investing handal shares ,just how much the BIG BOSS is going to loose considering it is already at the LOWER END with such low volumes.
Maybe I can buy Handal @ 0.08sen together with BIG BOSS when someone sell the price down in order to collect it CHEAP during this DEPRESSED world stock markets but will certainly need time to recover and can only use SPARE MONEY and not interest bearing money like BIG BOSS
Handal is a GOOD RTO target with accumulated losses to offset future profit of the RTO company and a main board listed company in MALAYSIA is worth a bundle if the assets of the company can offset the liabilities.The new RTO company can always sell back it business to the owner like HABIB jewel ,Rhythm publishing ......
"The Group intends to utilise up to RM4.50 million of the total proceeds raised from the Proposed Private Placement for the partial repayment of the Group’s outstanding trade payables.
As at 31 July 2023, the total outstanding trade payables of the Group stood at RM20.06 million, of which approximately RM4.54 million has exceeded its credit terms. The trade payable turnover period of the Company is approximately 99 days.
KOMEN: Betul ke 99 days? Surat saman dgn wind up petition sudah keluar, apasal tak announce?
For information purposes, the normal credit terms granted to the Group by the suppliers are generally ranging from 30 days to 90 days.
KOMEN: Hahahaha. Kelakar betul! sepatutnya 300 days to 900 days lah!
The trade payables of the Group are mainly payable to suppliers for the supply of crane parts and provision of storage yards of the crane parts.
KOMEN: Hahaha. Teluk Kalong dah nak collapse lah!. Apa lagi cerita dongeng hang ni?
(2) The Group intends to utilise up to RM4.50 million of the total proceeds raised from the Proposed Private Placement for the repayment of their borrowings.
As at 31 July 2023, the Company has a total outstanding bank borrowings of approximately RM8.29 million, which are mainly bank overdrafts with AmBank Berhad and Hong Leong Bank Berhad. These bank borrowings were drawn down to finance the Group’s working capital purposes. The repayment of the bank borrowings is expected to result in annual interest savings of approximately RM0.40 million based on the prevailing interest rate.
KOMEN: tak percaya lah! Duit semua utk bayar gaji buntot besar! Tak boleh caya le!
Kami dah nak pindah office lagi! Kena tendang keluar sebab buntot besar tak nak bayar sewa office. Dah le tak nak bayar level 29 office, sekarang kena bagi notice of eviction pula utk level 27. Malu lah!
"At this juncture, Handal iMRO has secured purchase orders for Petronas Carigali Sabah, which are currently underway; and was also invited for the following tenders: (i) Provision of rectification works and associated services for asset integrity findings (AIF) for Petronas Carigali Sdn Bhd; (ii) Provision of Pan-Malaysia Offshore Maintenance, Construction, Modification (MCM) and Hook-Up & Commissioning (HUC) Services (Package A); and (iii) Provision of Pan-Malaysia Offshore Maintenance, Construction, Modification (MCM) and Hook-Up & Commissioning (HUC) Services (Package B).
KOMEN: Semua tender ni memang haprak lah! Terima tender sebab ada lesen tetapi, semua nak pakai cash. Bank dah tak nak pinjam sbb semua duit kena guna bayar gaji buntot besar dan kereta mewah2. Jual saja kereta2 tu. masih juga nak tunjuk lagak mcm ada banyak duit. parasit!!
The Company is also in active negotiations with international service providers to further develop Handal to become an integrated one stop shop for turbo machinery services as a non-OEM (Original Equipment Manufacturer) player."
KOMEN: Bila hang nak bayar hutang OEM2 yg lain? semua dah peka gara2 buntot lebar ni. janji macam2 kat OEM ttpi bila da buat kerja, dia tak nak bayar OEM. Siapa lagi you nak buat con job lagi?
dengar ura2 mamat buntot besar nak beli mercedes baru lagi. berbuih2 mulut besar nye dan berkembang2 buntot nye lepas ni. dah le tak ada duit nak bayar saman2 yg masuk, dah bermimpi nak beli kereta baru lagi. Alahaaaiiii beruk ni betul2 ingat company ni masih milik bapa nenek dia ke? kami yg segelintir ni berharap ada mgmt baru masuk ttpi bayang pun haprak!
buntot punye tangan kanan kiri start lagi dgn account baru 😁 Apasal taknak pakai AJWong ke, atau apanama lagi
Apasal defender buntot besar AJWong tak komen2 lagi? Sibuk pindah office baru? Dengar2 banyak surat saman dan vendor datang office kat KL Trillion office cari you ke? 🤣🤣
Bila nak announce office dah pindah kat damansara? takut kena kejar ke? Nanti kami announce sini ye? Boleh ke? 😉😉😉
kami tak boleh resign :) kalau kena terminate, nanti kami minta bayar pampasan ye 😯😯
takkan asalkan tak setuju dengan hang terus dilabel macam2.. semak dengan komen acah2 "orang dalam".. takdak kaitan dengan pergerakan saham dengan apa yang berlaku dekat hang.. setiap kaunter ada operator dia dia bukan kira PN17 ka apa syarikat nak tutup ka.. jadi semak pulak.. padahal masa hang duk bising2 sebelum ni naik jugak sampai 28 sen.. dah pi main jauh2.. hang bukan terlibat pun pembelian saham di bursa.. asyik bertenggek kat sini saja..
betul, pandai betul hang ni.👋👋 investor kena tau cerita2 mcm mana buntot besar dgn kroni2 jadi parasit dgn company kami. tak guna beli saham company ni selagi dia dgn kroni2 masih ada. semua dia nak makan besar, dan kami yg kecil2 ni makan sisa2 tulang ikan.
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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....
sh0cklife
76 posts
Posted by sh0cklife > 2023-09-07 15:45 | Report Abuse
PBinvest buy call, just nice timing to jump back in