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Overview
Financial HighlightHeadlinesNo recent Headlines for this stock. Business Background Kejuruteraan Samudra Timur Berhad is a Malaysia-based company engaged in the provision of tubular handling equipment and running services to the oil and gas industry. The Company operates in four segments: tubular handling services, which is engaged in the provision of tubular handling equipment and running services to the oil and gas industry; tubular inspection and maintenance services, which is engaged in the provision of tubular inspection and maintenance services for offshore oil rigs; land rig services, which is engaged in the provision of land rig and drilling services to the oil and gas industry, and oil and gas pipes threading services, which is engaged in the provision of threading of pipes and couplings for oil and gas industry. During the fiscal year ended June 30, 2010, the Company had nine subsidiaries. On January 21, 2010 and June 23, 2010, the Company deregistered KST Fluids Technologies (M) Ltd. and incorporated Samudra Oil Services Sdn. Bhd., respectively.
2 people like this. char1234 So takeover was cheap at 48 while true value is 60 ct?? Is tis correct info? Need to add warrant price? 24/03/2015 1:38 PM Albukhary No one interested to sell their share.. So quiet. Hope it can become the next CI Holding. 27/03/2015 6:12 PM lymc_88 Latest financials show net cash (cash - all borrowings) to be around 110.06m Total shares - 183,428,800; Total warrants - 31,110,950. Net cash per share should be 0.60 Assuming full conversion of warrants, which will add another RM9.333m to the cash balance, net cash per share should be around RM0.5565. In any case, it's still above the RM0.48/ share offered. By buying out the warrants at 0.18/ warrant, it's just benefiting those holding the warrants. Buyback should only consider the SHAREholders. Find a way to vote against it, dear shareholders 30/03/2015 11:17 AM char1234 I hv both warrant n mother shares. Whether warrant or mother share all r share holders 02/04/2015 7:59 AM lymc_88 LOLOL nope, warrant gives no dividend, no voting rights. it is not a share. 06/04/2015 10:44 AM Jann Key considerations for the takeover offer: http://stockresearchasia.com/1/post/2015/04/kejuruteraan-samudra-timur-berhad-kstb-what-to-make-of-the-takeover-offer.html 07/04/2015 10:40 PM Albukhary I won't sell my SAMUDRA, although I only hold very little 20,000 unit. I will only sell if they offer me RM0.60 above. 14/04/2015 12:37 PM jiayi_cbobghia i didnt...hm, can you share with me what's the bank calling about? 04/05/2015 12:01 AM sbzk meaning the offer price will stay at 0.48 per share until the expiry date. unconditional offer remember. dont think it will go higher than that. 30/05/2015 10:11 PM char1234 Sold half my stake in warrants.. lost abt300... must b good news coming. Why the sudden upsides 20/07/2015 2:53 PM 4u2c nta = 50 n today = 54......offer buyback all shares = 48 ......seems like the company want u to sell to them 21/07/2015 12:18 AM acevent offcos will rise. only the matter of time. If you believe it just collect it. i am collecting wa 03/08/2015 3:20 PM char1234 I was lucky it spike up.last almost 30 odd pct already. They may just wrap up n they pay u 48 ct 13/08/2015 11:42 PM char1234 Somehow.... it keeps on flying... I hv sold but I don't know why price is going up 05/11/2015 11:59 PM Albukhary black heart proposal by chee pek +1 black heart proposal by chee pek +2 black heart proposal by chee pek +3 Other than cash, SAMUDRA got other asset, such as plant & machinery, motor vehicle, office equipment, trade receivable, other receivable, contract on hand and it listing status in main board. All these item should worth at least RM20 million extra, but chee pek should offer at approx RM0.55-0.60. 31/05/2016 10:09 AM | |