As contract award is incidental, anytime now, Wct can be award contract, therefore, be prepare first to accumulate warrant ahead of spike up especially once contract news announce.
Very interesting. Epf keep buying like hng33. Suspecting epf buy share at last minute during matching time to keep the mother share price firm.. Mother price still can hold above 2.10 but not warrant price...who throw warrant share?..kekeke
Malton’s RM2 bil recurrent RPT poser TheEdgeTue, Jun 13, 2017 - 17 hours ago
MALTON Bhd will be holding an intriguing extraordinary general meeting this Wednesday, June 7.
The sole purpose of the EGM is for minority shareholders to approve a mandate for Malton to undertake up to RM2 billion worth of recurrent related-party transactions (RRPT).
But for that huge sum of money, the circular to shareholders that was released on May 23 did not specify who the related party might be.
The obvious candidate, however, is WCT Holdings Bhd.
Recall that in November last year, Tan Sri Desmond Lim Siew Choon acquired a 19.67% stake in WCT from its long-serving managing director, Peter Taing Kim Hwa, and co-founder Wong Sewe Wing.
Lim is Malton’s executive chairman with a 35.34% stake in the company.
Keep in mind that at WCT’s AGM last week, shareholders passed a resolution that would also allow WCT to undertake RRPTs.
The resolution allows WCT to receive contracts from RPTs of up to RM3 billion, and to award contracts to RPTs worth up to RM1 billion. In both circulars to shareholders, WCT and Malton specifically identify RPTs as transactions involving entities where Lim has a directorship or direct/indirect substantial shareholding.
Of course, Lim is also the chairman and executive director of Pavilion REIT, in which he has a 27.97% stake.
However, it is not possible that the Pavilion REIT has the capacity to be involved in this particular RRPT.
This is because WCT’s and Malton’s circulars also identified the nature of the RRPT as “provision of construction project management and construction related services”.
Remark: Malton will award bukit Jalil pavailion mall to Wct very soon, Wct and Malton also is expect to form JV or dispose Wct prime landbank in OUG in KL, opposite to current Malton bukit Jalil city.
Please note that MALTON have to secure a contract of nearly 2 billion in order to award to the third party, do not know who is the third party. Bandar Malaysia is just a myth now as the Chinese Premier has mentioned something about the termination on IWC-Crec.
There are good news in Wct, but warrant keep coming down.. something is wrong .. usually warrant is good indication.. mother will spike Down soon.. wait n see better
Actually hng33 is not tat good as u think. He like to lie. I caught him once. N he have infinity money to average down which cant make by normal investors
Portfolio free up these largest stake wct-we in portfolio first as average holding cost is at around 36sen (yesterday accumulated more at 35-35.5sen), and lock all handsome profit now.
Portfolio still retail wct and wct-wd for continue exposure and will buyback again wct-we if opptunity come back again.
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....
steveooikp
4,689 posts
Posted by steveooikp > 2017-06-14 10:13 | Report Abuse
why don't buy WD? no premium.
1.71 + 0.38 = 2.09.
but expire in 2017 Dec.
risky ... but if WCT up, this will up also fast.