Yes yes, RR you are correct. But you need to see the big picture. Ekovest paying high interest and cause the profit to look small. So actually Ekovest is making good return. Ekovest carry high debt because of its concession business that last more than 50years stable income. JB have alot of potential development on going and coming up. Ekovest will benefit from it. This time really no U turn, because the special economy zone is going bring in the super bull into the JB land. The hot money is very powerful. Now ekovest is very cheap, don't miss the boat.
Best to wait for the AGM held on 15 Dec 23.;MSWG{ Minority Shareholders } may question the Board on the proposed merger and diversification of Ekovest core construction business. Interested or related parties are not allowed to vote. Good to see how many dissatisfied minorities are voting against the proposal }
If the share price is RM0.70, and TSLKH proposed to issue at RM0.60 to himself, most of the shareholder will not agreed, as this will drag the share price drop to RM0.60 level
But if share price is RM0.44, and TSLKH so generous to accept the issue price at RM0.60, the most of the shareholder will agreed, as this will help to push the share price to RM0.60 level.
So you know why share price have been push down kaw kaw, the lower it drop, the more shareholder will accept the TSLKH offer. Because this is Human Bahaviour, when all shareholder are suffering loss, they aim is to recover back the loss will do, they not concern about whether the price is fair or not, the future is bright or not, they just want to recover back their losses.
Then now we look at TSLKH view, as a businessman, TSLKH target is to control the asset. Ekovest has valuable asset, TSLKH doesn't care about the share price is 40sen or 70sen, his target is to gain control of the asset, as this type of highway asset can generate recurring income for him for the next 30-50 years.
Albukhar. Yes agreed with your view of LKH only wants to control the whole group thru his ingenious scheme of arrangement of buying and selling the assets. LKH is a shrewd businessman. Ekovest is just part of his ambitious plan to transfer and monetise whatever resources to revive his IWC projects thru his private held IWH. Ekovest minorities are on his menu chopping board
You think too much already TS set the price of 0.60 to buy his personal company but the personal company he set a very expensive and high price sell to ekovest. So he totally no loss anything. Issue so many new share diluted 50% 0.45/2=0.225. Ekovest so difficult to earn profit. So many shareholder want to share the profit. After sharing all get nothing. When we can get dividends from ekovest?
0.60 if pay by cash that's good for company. But if pay by personal business we don't know the business is profit or losses. So I don't think it worth 0.60. We should use 0.45/2=0.225 that's current market price
Good planning for ekovest. Sell ECSB to knusfor for 0.60 per share. Construction earn profit means knusfor earn profit, and also knusfor is wholly owned by ekovest, at the end ekovest still gain on the construction profit. Very good deal
ekovest will loss the cash cow by transferring ekovest construction to knusford.. then it will be depending on dividend from Knusford... . Distribution of div from Knusford will be good to their shareholders toooooooo
ekovest is less attractive compare to knusford as transferring profitable and cash generating biz to knusford...! Knusford will be benefiting the most from this corporate exercise
This is getting quite exciting. In trading you want counters like that, counters that move. Now the big 200MA 0.435 which coincides with last placement price, will it hold?
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....
RISK8888
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Posted by RISK8888 > 2023-12-04 09:53 | Report Abuse
Yes yes, RR you are correct. But you need to see the big picture. Ekovest paying high interest and cause the profit to look small. So actually Ekovest is making good return. Ekovest carry high debt because of its concession business that last more than 50years stable income. JB have alot of potential development on going and coming up. Ekovest will benefit from it. This time really no U turn, because the special economy zone is going bring in the super bull into the JB land. The hot money is very powerful. Now ekovest is very cheap, don't miss the boat.