Posted by richkid > 2014-09-09 10:14 | Report Abuse

Getting cheaper..best time to pick up some....

Posted by richkid > 2014-09-09 15:00 | Report Abuse

When is RTO coming? This week or next week?

Posted by richkid > 2014-09-09 17:49 | Report Abuse

Based on this article which I found, the warrants converting price is 0.30. So it is at a discount at 0.25.

http://malaysiafinance.blogspot.com/2013/11/samudra-destini.html

http://www.theedgemalaysia.com/highlights/249441-hot-stock-destini-jumps-13-on-samudra-oil-buy.html

Posted by richkid > 2014-09-09 17:50 | Report Abuse

KUALA LUMPUR: Destini Bhd is expected to finalise its acquisition of the entire stake in Samudra Oil Services Sdn Bhd by the second-quarter (2Q) of 2014.

Its group MD, Rozabil Abd Rahman, said completion of the acquisition is pending the approval of Samudra Oil’s shareholders. Destini has obtained its shareholders’ approval in its EGM yesterday.

“Samudra Oil will hold its EGM early next month. We hope everything goes well and they will obtain their shareholders’ approval soon,” he told reporters after Destini’s EGM in Kuala Lumpur, yesterday.

Destini is acquiring the entire issued and paid-up share capital of Samudra Oil from Kejuruteraan Samudra Timur Bhd (KSTB) for a purchase consideration of RM80 million.

The purchase represents a historical price-earnings multiple of 13.09 times for the 100% equity interest in Samudra Oil based on the profit after tax of Samudra Oil of RM6.11 million recorded in the latest audited financial statements for the financial year ended June 30, 2013.

The acquisition will be fully satisfied via the issuance of 228.57 million new ordinary shares in Destini at an issue price of 35 sen per Destini share.

Destini previously acquired 51% stake in Vanguard Composite Engineering Pte Ltd, a Singapore-based company involved in the manufacturing of lifeboats and a 100% stake in Techno Fibre Group in October 2013, which is involved in maintenance, repair and
overhaul services for the marine sector.

The principal activities of Samudra Oil, which is a Petroliam Nasional Bhd-licensed company, include the provision of tubular handling equipment and running services. The company is directly in support of upstream oil and gas (O&G) drilling activities,
particularly the exploration, development and workover activities.

“The services include bucking services, hammer services, provision of equipment and service as well as provision of onshore and offshore equipment, which caters to the upstream O&G production activities,” Destini said.

Rozabil said Destini plans to bring together its oil and gas, lifeboats and tubular handling equipment business and venture further overseas.

“The acquisition provides Destini with an opportunity to widen its product offerings and earnings in the O&G segment which represents a positive step forward to establish the company as an O&G services provider within the marine industry,” he said.

He said upon the completion of the acquisition, Destini expects to see a substantial contribution from Samudra Oil by end of the year.

He added that currently, Samudra Oil has contracts to continue to provide tubular handling equipment and running services to various production sharing contractors, for various primary contract periods ranging from two to five years.

These contracts are from MDC Oil & Gas Ltd, Talisman Malaysia Ltd, Petrofac (M) Ltd, Newfield Peninsula Malaysia Inc and Exxon-Mobil Exploration and Production Malaysia Inc.

Posted by richkid > 2014-09-09 17:58 | Report Abuse

Further to the announcements made by the Company on 3 April 2014, 2 May 2014, 2 June 2014, 1 July 2014 and 2 July 2014, the Board of Directors of KSTB wishes to announce that the Company is still in the midst of formulating its Regularisation Plan and the appropriate announcement(s) will be made as and when required.

KSTB has up to 2 April 2015, which is approximately eight (8) months from the date hereof, to submit its Regularisation Plan to the relevant authorities for approval.

This announcement is dated 1 August 2014.

Posted by richkid > 2014-09-09 17:59 | Report Abuse

Buy and keep....when the announcement come it will fly...!!!!

Posted by richkid > 2014-09-09 18:03 | Report Abuse

Its a GEM...please don't simply sell and make losses...you will regret brothers.

http://klgemseeker.blogspot.com/2014/08/kejuteraan-samudra-timur-riping-for-rto.html

Posted by richkid > 2014-09-10 08:05 | Report Abuse

With destini share going up...Samudra is having a huge paper gain... and shareholder will be rewarded. There is lesser seller. Volume is low because everyone waiting for the good news. Only some small players are selling. Better buy and keep.

Posted by richkid > 2014-09-11 08:25 | Report Abuse

Should be going up soon...

Posted by richkid > 2014-09-11 12:43 | Report Abuse

Best Buy now!!! Grab it before too late...while stock last... cheap sale!! Samudra-WA is a value buy for cash rick company ...it sold off its business...it is not bankrupt...those who throw it will regret because when Samudra announce the re structural plan, the price will go up fast. A hidden GEM not known by many. Only existing shareholder will hold it waiting for the good news.

Posted by richkid > 2014-09-11 18:14 | Report Abuse

Smart people buying...it is good time to buy as tomorrow might go up... volume very little so the drop is not significant. Seller keep your share. Don't sell prematurely. You need to wait for the big reward. If you sell now you are making a loss.

Posted by Alpha Trader > 2014-09-11 18:17 | Report Abuse

where are all the jokers that posted the petronas' contract? haha made me a good laugh, if you guys have spare cash, should buy and hold this, because no downside, only upside

Posted by richkid > 2014-09-11 21:43 | Report Abuse

Good news!!! KSTB subsidiary Samudra Timur Sdn. Bhd. (“STSB”) forming a limited liability company in Myanmar. This must be part of the restructuring plan...slowly but surely KSTB will rise with vast amount of cash!!! Tomorrow bullish!!! Gap up!!!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1738597

KEJURUTERAAN SAMUDRA TIMUR BERHAD ("THE COMPANY" OR "KSTB")- JOINT-VENTURE ON FORMATION OF NEW COMPANY IN MYANMAR

Posted by cherry tomato > 2014-09-11 22:05 | Report Abuse

but the 5 years Petronas contract the division it is sale to Destini already?
Correct me if i am wrong.

Posted by richkid > 2014-09-11 23:15 | Report Abuse

It sold its business to Destini but it was to settle some debts...and now it is holding cash..ready to go into new business... The forming of a limited liability company in Myanmar is part of the restructuring plan...to venture in O&G. I think more good news is coming. The share is waiting...you can see less seller...low volume...highly under-value now...good prospects..buy and keep and when it explode...too late to chase... Tomorrow should go up...this is the latest news...just came today! Be the first to take position...very undervalue company.

Posted by Alpha Trader > 2014-09-11 23:18 | Report Abuse

Those who have lost faith again refer to blog, just hold and you will be rewarded

Posted by cityplus > 2014-09-12 08:10 | Report Abuse

Thanks Alpha Trader, will buy in too :)

Posted by cityplus > 2014-09-12 10:38 | Report Abuse

Dear Alpha Trader, really give you a big "LIKE", thanks again :)

Posted by richkid > 2014-09-18 12:47 | Report Abuse

TP 30 cents...still cheap at 24.5 cents.. .:) Anyway no contra....have to wait for announcement by KSTB .. be patient... at most 6 months...for restructuring news...

Posted by richkid > 2014-10-03 17:37 | Report Abuse

When is the restructuring or RTO coming...?

Posted by Muhammad Hanafi > 2014-10-29 01:17 | Report Abuse

Divident is coming 4.5 cent


http://www.bursamalaysia.com/market/listed-companies/company-announcements/1778281

Tomorrow sure shot up

Posted by Muhammad Hanafi > 2014-10-29 01:20 | Report Abuse

RTO is coming

Posted by 4u2c > 2014-10-29 21:09 | Report Abuse

mum up soo agreesive,,,child 0.005 only

Posted by Muhammad Hanafi > 2014-10-30 13:46 | Report Abuse

child is undervalue. Premium at -0.98%

Posted by richkid > 2014-10-31 06:29 | Report Abuse

time to buy

Posted by Muhammad Hanafi > 2014-10-31 18:39 | Report Abuse

yes buy buy. Sons very rich compared with mother

Posted by richkid > 2014-10-31 19:21 | Report Abuse

Sudah mahu move...

Posted by Muhammad Hanafi > 2014-11-03 00:52 | Report Abuse

Buying warrant will not entitled for the incoming dividend. Better prepared to convert or buying the mother. The exercise price is 30 sen, and the maturity date is 2018. Still a long way to go. Better accumulate now,

Posted by Muhammad Hanafi > 2014-11-03 00:54 | Report Abuse

Tomorrow will shoot 25 sen

Posted by richkid > 2014-11-03 22:24 | Report Abuse

warrants are cheaper and less riskier. Many people invest in warrants not for the dividend but for the lower entry. Anyway it is good time to buy when the mother share is going up.

Posted by Muhammad Hanafi > 2014-11-04 11:55 | Report Abuse

need a fresh catalyst to propel the price. Still waiting the date for AGM and div ex-date.

Posted by richkid > 2014-11-04 14:37 | Report Abuse

Ya...betul juga. AGM and div ex-date adalah satu-satunya mangkin kebangkitan Samudra. Apa salahnya kita semua ada masa boleh mengumpul banyak lagi sebelum ia naik.

Posted by Muhammad Hanafi > 2014-11-05 04:28 | Report Abuse

yup agree. tngguuuu....

Posted by richkid > 2014-11-14 20:06 | Report Abuse

Relax and have a kit kat. Just hold this share. Sooner or later it will move up with a clean balance sheet and a new business. Lets have confidence. Do not sell prematurely with a low price. You will regret later.

Posted by richkid > 2014-11-21 07:07 | Report Abuse

hold..coming soon.

Posted by Muhammad Hanafi > 2014-11-21 18:41 | Report Abuse

come next will announce the date for AGM

Posted by richkid > 2014-11-23 21:20 | Report Abuse

Should buy slowly and keep more....AGM sure good news coming....

Posted by pvd_investor > 2014-12-09 19:34 | Report Abuse

why no movement in warrant today

Posted by richkid > 2014-12-17 07:37 | Report Abuse

No need to sell Samudra Wa. Too cheap. Fair value is 30 cents. Just keep as a FD.

Posted by Muhammad Hanafi > 2015-01-14 14:23 | Report Abuse

start to move...

very fast

Posted by Muhammad Hanafi > 2015-01-14 14:23 | Report Abuse

should go to 0.20 anytime

Posted by Muhammad Hanafi > 2015-01-14 14:24 | Report Abuse

samudra is high potential with RM100 million cash in hand, and RTO before april

Posted by Muhammad Hanafi > 2015-01-14 14:24 | Report Abuse

no forget the 4.5 sen dividend in March

Posted by richkid > 2015-01-16 17:29 | Report Abuse

No need to see.....lock it up...and open back in May 2015...sure something good is going to happen. Cash aplenty...waiting.

Posted by richkid > 2015-01-22 15:46 | Report Abuse

already 20.5 sen...slowly if there is any announcement it will jump...just wait.

Posted by 4u2c > 2015-01-22 21:55 | Report Abuse

next week 22 , wld be good

Posted by Muhammad Hanafi > 2015-01-27 23:44 | Report Abuse

Good news, RTO will come??

Kejuruteraan Samudra Timur Bhd (KSTB) ( Financial Dashboard) (fundamental: 2.4; valuation: 1.2), which specializes in tubular handling equipment for the upstream oil and gas industry, saw 7.22 million shares representing 5.04% of shareholdings, crossed off market today....

http://www.theedgemarkets.com/my/article/kstb-sees-504-stake-trade-market

Just wonder who buy the 5.04% share.

Posted by richkid > 2015-03-03 18:25 | Report Abuse

Dividend coming this March 2015...ding dong bell.

Posted by richkid > 2015-03-03 20:02 | Report Abuse

EX-date 04/03/2015
Entitlement date 06/03/2015
Entitlement time 05:00:00 AM
Entitlement subject First and Final Dividend
Entitlement description First and Final Single-Tier Dividend of 15% (4.50 sen per ordinary share)
Period of interest payment to
Financial Year End 30/06/2014
Share transfer book & register of members will be 06/03/2015 to 06/03/2015 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no Securities Services (Holdings) Sdn. Bhd.
(Company No. 36869-T)
Level 7, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
Damansara Heights
50490 Kuala Lumpur
Tel No: 03-2084 9000
Payment date 30/03/2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 06/03/2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit

Posted by pvd_investor > 2016-01-29 17:32 | Report Abuse

wah sleeping...all of a sudden awake...any news?