GLOBALTEC FORMATION BERHAD

KLSE (MYR): GLOTEC (5220)

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Last Price

0.465

Today's Change

0.00 (0.00%)

Day's Change

0.465 - 0.47

Trading Volume

55,100


27 people like this.

32,820 comment(s). Last comment by stan5617 2022-12-24 00:32

leo218

5,535 posts

Posted by leo218 > 2015-10-02 10:00 | Report Abuse

how good is CBM gas also no use la. the important thing is glotec found CBM lubang ma

leo218

5,535 posts

Posted by leo218 > 2015-10-02 10:02 | Report Abuse

like gold miner ..if failed to find gold mine , have to close shop also

851815

1,261 posts

Posted by 851815 > 2015-10-02 10:08 | Report Abuse

How good CBM gas sudah mixed with old rubber tree burning in Indonesia HAZE!!!!!!!........

Posted by goInvest (Cut or Hold???) > 2015-10-02 10:22 | Report Abuse

as ayamtua said CBM Gas Indonesia is the best reason for glotec rise..
But as leo218 said gold miner also failure if cannot find gold mine...
so the conclusion now is whether glotec CBM gas got produced? Or is empty?
If we can find the info insider about it then we can know whether win or lose....
any idea.....?

m_faiza1

556 posts

Posted by m_faiza1 > 2015-10-02 11:11 | Report Abuse

Plus, Glotec also invest in renewable energy.

Posted by goInvest (Cut or Hold???) > 2015-10-02 11:34 | Report Abuse

renewable energy can earn much?

Posted by derrickinvestor1 > 2015-10-02 11:56 | Report Abuse

now it is not abt CBM gas anymore... It is what the fock is the director of GLotec doing.... is he shaking balls in office or what... if they do sumthing, sure investor will want to buy their share.... else it wll be this piece of shit

leo218

5,535 posts

Posted by leo218 > 2015-10-02 12:08 | Report Abuse

haha i thought they did already ma venture into indo CBM gas and bought the perak hidro electric biz .......just wait and wait


http://www.bursamalaysia.com/market/listed-companies/company-announcements/1119157

The Board of Directors of the Company wish to announce that MFSB has on 21 November 2014 received the FiT Approval Certificate dated 11 November 2014 from SEDA for MFSB’s 15MW small hydroelectric power plant at Sungai Perak, Lenggong, State of Perak.

In accordance to the FiT Approval, MFSB is to enter into a REPPA with Tenaga Nasional Berhad (“TNB”) by 16 December 2014. The FiT grants a concession period of 21 years for electricity generation at a FiT rate of 23 sen per kilowatt hour. The FiT commencement date of the concession period indicated in the FiT Approval Certificate is 21 March 2017.

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 13:07 | Report Abuse

goInvest (Cut or Hold???) as ayamtua said CBM Gas Indonesia is the best reason for glotec rise..
But as leo218 said gold miner also failure if cannot find gold mine...
so the conclusion now is whether glotec CBM gas got produced? Or is empty?
If we can find the info insider about it then we can know whether win or lose....
any idea.....?
02/10/2015 10:22

Investors Announcement

Drilling Update at Tanjung Enim PSC - Jul 10, 2015

Core Well TE-008C reaches target depth
Total coal thickness of 49 metres identified including a single continuous seam of 13 metres
Second core well TE-007C “Spudded”- well to target coal seams

NuEnergy commences drilling at Tanjung Enim PSC - Jun 25, 2015

Core Well “Spudded” – Well to be drilled to target coal seams.
NGY to log and conduct Lab Core Analysis on coal formations in South Sumatra Basin

NuEnergy commences drilling at Rengat PSC - Jun 22, 2015

Drilling commenced at RE-CBM-01CE well
First of two CBM Coring And Exploratory Wells drilled In Central Sumatra, Indonesia
NGY to core, log and conduct Permeability Testing on Coal Formations

NuEnergy signs Conditional SPA with Dart Energy -May 21, 2015

Dart Indonesia, through its group controlled companies (“Dart Indonesia Group”), has a
participating interest in the following Production Sharing Contracts (“PSC”) and joint evaluation
(“JE”) covering 1,559 and 482 square kilometres:-
a) 45% participating interest in Tanjung Enim CBM PSC, South Sumatra;
b) 50% participating interest in Muralim CBM PSC, South Sumatra;
c) 100% participating interest in Bontang-Bengalon CBM PSC, East Kalimantan; and
d) rights to the JE of Bungamas CBM, South Sumatra

Link http://www.nuenergygas.com/investor-centre/announcements/
.......

Professional Comment:

who the fak knows ... korek lubang ada gas.. maybe got..
it seems they somewhat on "testing" or test cucuk lobang ...
to check whether really got gas inside lubang ...
if got gas inside lubang ... again have to wait to build infrastructure to nearby pipeplines ...
then have to wait again for profitability ...
definately hope got - in a sense lah ...

only have to be patient....... wait and see ... hope got...
whether profit or not.. make money or not.. again another thing ..
if want fast money.. go to Genting.. or buy 8888 (RM1 - small and RM10 big) ,

Lucky Pick Prediction
8899 - big small
8899 - big small
6969 - big small
8888 - big small
0008 - big small

kikikikikiki

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 13:10 | Report Abuse

one of the fastest way to earn money.. without robbing bank ..

1. open restaurant roti canai
2. massage center - foot or body to body bubble bath massage
3. sundry shop franchises
4. play sport toto
5. do something that generate income
6. be a loan shark .. kikikiki

ha ha ha ha ha

leo218

5,535 posts

Posted by leo218 > 2015-10-02 14:08 | Report Abuse

Lubang sudah korek since july....take so long to find out got cbm gas or not ? They should know the result already . Jus dun want to announce yet.

Posted by goInvest (Cut or Hold???) > 2015-10-02 14:45 | Report Abuse

Ayamtua post many news .....But i feel that many news are polished by them already....
Those news just want to spread good feeling....spread hope...
so i say if we can get insider info then that are another story..
But i know insider info is hard to get , some more they might not leak out....
so now, we still don't know what is the actual..."ACTUAL" news..

Posted by goInvest (Cut or Hold???) > 2015-10-02 14:47 | Report Abuse

If no insider info...some more can't cut lose at so low price already..
then only hope , pray and wait lo...

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 16:49 | Report Abuse

goInvest (Cut or Hold???) Ayamtua post many news .....But i feel that many news are polished by them already....
Those news just want to spread good feeling....spread hope...
so i say if we can get insider info then that are another story..
But i know insider info is hard to get , some more they might not leak out....
so now, we still don't know what is the actual..."ACTUAL" news..
02/10/2015 14:45

----------
by assuming CBM Gas take long time to work out ..
they also have .... 21 years hidro electric biz ...
and also existing cars parts biz and other biz ..
at 0.045 still juicy prospect .. kikikiki

-----

leo218 haha i thought they did already ma venture into indo CBM gas and bought the perak hidro electric biz .......just wait and wait


http://www.bursamalaysia.com/market/listed-companies/company-announcements/1119157

The Board of Directors of the Company wish to announce that MFSB has on 21 November 2014 received the FiT Approval Certificate dated 11 November 2014 from SEDA for MFSB’s 15MW small hydroelectric power plant at Sungai Perak, Lenggong, State of Perak.

In accordance to the FiT Approval, MFSB is to enter into a REPPA with Tenaga Nasional Berhad (“TNB”) by 16 December 2014. The FiT grants a concession period of 21 years for electricity generation at a FiT rate of 23 sen per kilowatt hour. The FiT commencement date of the concession period indicated in the FiT Approval Certificate is 21 March 2017.
02/10/2015 12:08

Posted by goInvest (Cut or Hold???) > 2015-10-02 17:08 | Report Abuse

no matter how...let us pray GAO GAO..
let us pray kuat kuat...

leo218

5,535 posts

Posted by leo218 > 2015-10-02 20:24 | Report Abuse

Globaltec Set To Acquire 49% Stake In Perak Hydroelectric Plant

Sources have indicated that Globaltec Formation is set to acquire a 49 percent stake in a hydroelectric power plant project sited at Sungai Perak, Lenggong, for RM2.5 million, marking its maiden foray into the renewable energy segment.
The facility comes with a 21-year renewable energy power purchase agreement approved by the Sustainable Energy Development Authority Malaysia.
The deal will see Globaltec participating in a build-own-operate concession to build a mini hydroelectric power plant with a total generation capacity of 15 megawatts in Perak. It is understood that the project would cost some RM100 million and will take two years to construct.

Significance: The move indicates a shift in Globaltec’s business from low-margin auto parts and electronics manufacturing to the energy sector, after buying controlling interests in several unconventional gas fields in Indonesia early last month and the proposed acquisition of a 60 percent stake in New Century Energy Resource

https://sg.finance.yahoo.com/news/stocks-focus-globaltec-iris-corp-021908940.html

leo218

5,535 posts

Posted by leo218 > 2015-10-02 20:25 | Report Abuse

walau eh mana ada 100 M to build the power plant ah ?

leo218

5,535 posts

Posted by leo218 > 2015-10-02 20:27 | Report Abuse

In accordance to the FiT Approval, MFSB is to enter into a REPPA with Tenaga Nasional Berhad (“TNB”) by 16 December 2014. The FiT grants a concession period of 21 years for electricity generation at a FiT rate of 23 sen per kilowatt hour.

So 23 cent per kilowatt hour? 15Megawatts power plant can generate how much money per hour ???

leo218

5,535 posts

Posted by leo218 > 2015-10-02 20:43 | Report Abuse

ok 1 mega = 1000 kilo , 15 mega = 15000 kilo

revenue perhour 15000 x 0.23 RM = 3450 RM
revenue per day 3450 x 24 = 82800
revenue per months 82800 x 30 = 2.484 Millions
revenue per quarter 2.484 M x 3 = 7.452 M
revenue per year 7.452 M x 4 = 29.808M

correct ????

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 22:20 | Report Abuse

have anyone ever think out of the box?
share opinions la...

fundamentally despite all odds.....

1. CBM gas psc.... ada
2. TNB .... ada
3. LTAT ..... ada
4. listed in ASX ... ada
5. palm plantations .. ada

they have all the good shit pulled together ...
only matter of time a really big boys with money or expertise..
do take over ka, or really goes developed them ...

just opinion.... never underestimate hopes and dreams..

kikikiikii

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 22:23 | Report Abuse

only if strike cbm gas deals ... kaboom
perhaps largest in indonesia? via the previous Dart Energy psc??

any guess works? kikiiki

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 22:31 | Report Abuse

ada logik pandangan ustaz abang long pekida kg. pandan 3 lines... kikikiii

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 22:35 | Report Abuse

think: what is the odd chances ... glotec has all the PSC
but tarak wang develop... then somewhere given all the prospects... some big boys or serious cbm gas player buy them out?

still indonesia faced ageing oil and gas fields..
they need all the energy and of course geographically sumatera is rich in cbm gas.... who the fak knows ada jv ka.. since they are psc holders...

dream sikit, think out of the.box..... kikikii

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 22:38 | Report Abuse

lionbiscuit? sudah pokai nak gua makan biskut ke? gua sulah separuh.sluar dalam kotek... kikiki

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 22:40 | Report Abuse

cpo naik, gotek ada ladang sawit ..
ada berita ka? kikikii

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 22:45 | Report Abuse

yitu ex dart Energy besar kat indonesia mah...
lepas tu gotek amik dia psc .. in 2013 ada cerita
maybe due to regulators issues ka etc tarak ong?
tapi kalu baca betul betul cerita dia.. nuenergy gas
juga cbm gas players lama.. tetap dorang nak develop the fields
since indonesia ageing oil and gas field...
Chevron duri pipelines pun dekat dia pinya fields geh...

ini wa rasa lah.. kikikiii

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 22:51 | Report Abuse

Google: CBM Gas Indonesia...

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 22:56 | Report Abuse

jakartaglobe.beritasatu.com/corporate-news/pertamina-calls-cbm-terms/

did mention nuenergy gas.......

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2015-10-02 23:17 | Report Abuse

Ayamtua,did you accumulate glotec all the way down until now,if so you will be the next boss bcos its supply is drying up at 4.5c.

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-02 23:22 | Report Abuse

sexy lady fam jenny if all people think become boss
who the fak want to be worker leh? hihihi..

workers needed to gorek cbm gas mah....

i dont have enough cash even to buy sardines...
can donate me $2.6b ahh? kikikikii

already taken dinner dearest sexy lady of century fam jenny?

kkkikikiii

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2015-10-02 23:30 | Report Abuse

I always take early dinner before 6.30pm if I can as our body needs rest after 8.00pm.

Fam Jenny

7,724 posts

Posted by Fam Jenny > 2015-10-02 23:36 | Report Abuse

Ayamtua,it is 5cx5bln=RM250mln not RM2.5bln to take over 100%

Posted by fortuneebullz > 2015-10-03 07:58 | Report Abuse

oh, 951815 is dreaming about fam in his sleep now!!!! fantastising!!!!!

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-03 11:44 | Report Abuse

cbm gas indonesia the way of future energy!
the one and only cbm gas counter....

sai lang !!!! kikikikiiiii

AyamTua

13,598 posts

Posted by AyamTua > 2015-10-03 11:48 | Report Abuse

cbm gas blocks --- pertamina --- nuenergy gas ---- nce/ngy --- glotec
correlations .. when up? read all indonesia cbm gas news..

dia cakap lah... bukan wa... kihkikikikikiiiii

851815

1,261 posts

Posted by 851815 > 2015-10-03 12:24 | Report Abuse

Once Glotec move up Old Rubber Tree also can produce LATEX!!!!!!......

Ayam_suka2

704 posts

Posted by Ayam_suka2 > 2015-10-04 13:44 | Report Abuse

Glotec

Posted by derrickinvestor1 > 2015-10-05 10:29 | Report Abuse

what is it got to do with this Glotec? I dont hear any more news that Glotec is involved in this anymore... mya be they pull out... i wouldnt know... ad I do not know what the glotec director is doing currently.. nvr pay a visit to the cbm gas site or hold talk with indo govt related to gas.... all i hear from them is nothing..... Nothing.... and yet our money got stuck in this forsaken counter
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
cbm gas indonesia the way of future energy!

Posted by derrickinvestor1 > 2015-10-05 10:30 | Report Abuse

this is all owe to Old Cock talk as well

leo218

5,535 posts

Posted by leo218 > 2015-10-05 12:18 | Report Abuse

remove glotec from your watching list , come back later to check after 3 months ...wakaka

ckgoh3

133 posts

Posted by ckgoh3 > 2015-10-05 12:27 | Report Abuse

For those who has no confidence with this counter and everyday just criticize instead of giving useful information, why don't you just ignore this counter and keep quiet? Better use your time on some other counters which can earn more for you.

Posted by derrickinvestor1 > 2015-10-05 14:12 | Report Abuse

what I am trying to say is there is no news so far from glotec... if anyone got update here instead of just mentioning CBM gas Indonesia which not link to Glotec at this point of time....

Posted by goInvest (Cut or Hold???) > 2015-10-05 14:14 | Report Abuse

no news..no updates..
i also waiting....

craptree

4,356 posts

Posted by craptree > 2015-10-05 17:16 | Report Abuse

kikiii..... latest news from Glotec..... kikiii

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4884729

Posted by goInvest (Cut or Hold???) > 2015-10-06 09:03 | Report Abuse

Hi craptree, what is that news mean? Is good news or bad news? I don't understand ....sorry about that...can advise?

Posted by goInvest (Cut or Hold???) > 2015-10-06 10:58 | Report Abuse

Just saw it....SHIT !!!!!!


Globaltec Formation Berhad (GFB or the Company)Clarification and Denial of News Article on Kwong Wah Yit Poh on 22 September 2015

We refer to the news article entitled “Globaltecdeclares a total 20% dividends” which was featured in Kwong Wah Yit Poh newspaper and news portal on 22 September 2015.

GFB wishes to deny and clarify that no interim or special dividend has been announced or declared by the Company.

This announcement is dated 23 September 2015.

craptree

4,356 posts

Posted by craptree > 2015-10-06 11:21 | Report Abuse

goInvest.... its call garbage news..... kikiiiii

Posted by derrickinvestor1 > 2015-10-06 11:58 | Report Abuse

hahahahhaa company stock only less than 0.10 wanna give dividend? I think God must be crazy if that happens.... wakakkakakaka

CANI9906

100 posts

Posted by CANI9906 > 2015-10-06 14:45 | Report Abuse

someone from KL said, Glotec will fried till 0.12. is it true?

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