Directors no money issue free warrant which is for himself. Once he get free warrant he will sell off. Say give shareholders but actually kasi sendiri cos no money haha
"Eversendai proposes to undertake the proposed issuance of up to 390,550,000 new free Warrants on the basis of 1 Warrant for every 2 existing ordinary shares in Eversendai held on an entitlement date to be determined and announced later."
The Group recorded a loss before tax of RM9.7 million during the current quarter when compared to the preceding year corresponding quarter profit before tax of RM10.8million. This was mainly due to unrealised foreign exchange losses amounted to RM11.4 million.
So many projects around the globe still making losses, how?
QR was factor in the lockdown expenses. Just a small lost of rm 9.7m before tax for construction company with many project on going. With new big project secured and free warrant announcement. This stock was on radar now. Mth of Jul is a good to watch stock. Many site and biz is resuming as announced by gov. MCO is over. Go go go. Tp 50.
STAR -10 Feb 2020 - Eversendai said on Monday Vahana had proposed to inect 100% of Vahana Offshore Sdn Bhd, which currently owns the liftboat business of Vahana Group.
Eversendai to pay RM235m for founder AK Nathan’s liftboat firm Eversendai Corporation Bhd is to pay RM235 million to acquire liftboat firm Vahana Offshore (M) Sdn Bhd via the issuance of new redeemable convertible preference shares (RCPS). Vahana is the privately-owned firm of Eversendai founder Tan Sri AK Nathan, who announced in February that the firm will be injected into Eversendai to improve the oil & gas and construction group’s bottom line. (Source: The Edge) Eversendai is to pay RM235 million to acquire liftboat firm Vahana Offshore (M) Sdn Bhd via the issuance of new redeemable convertible preference shares (RCPS). This will involve the issuance of 770.49 million RCPS in Eversendai at 30.5 sen each
7% rcps.. pay 7 million on 235 million purchase price per year. Assuming profit 10 million after boat 2 finish build only left 3 million for minority shareholder...
deal price should be only be 30 million instead of 235 million.
Value too high... Need to come back with better value to minority.. if really worth 235 million can sell to other people instead of asking sendai to buy... and can pay oft loans to sendai too... if not worth 235 million why should sendai take.
Tan sri should give the boats to sendai free. Only take the cost he paid for admin work since inception plus 3 % interest. This is because the boat was build by sendai. Loan and interest taken by sendai. Risk all assumed by sendai with the bank guarantees. Why should sendai pay somemore for this business..
Very fishy tan sri. Always trying to cheat sendai minority.
Tunggu la. First time tunggu 4 tahun naik lebih RM1, Amik modal + untung dan simpan baki saham. Ini kali kedua, kutip senyap-senyap..Kalau bukan sekarang bila lagi...
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....
koyokui
1,970 posts
Posted by koyokui > 2020-06-09 21:05 | Report Abuse
Sendai got new ong project buy