Tchong TP
osk 7.29
rhb 6.16
cimb 9.30
now 5.54 gogogo

NYSE rite? I got IRE and NBG bought 2 weeks back. now bleeding hard

http://finance.yahoo.com/echarts?s=AIB+Int...ource=undefined

KUALA LUMPUR, Nov 15 (Bernama) -- Time dotCom Bhd (TdC) is set to transform into regional telcommunication player offering a full range of services upon completion of its proposed acquisition of three telecommunication companies for RM339 million.

The acquisition will be satisfied by RM90.9 million in cash and the remaining RM248.1 million via shares, said TdC chief executive officer Afzal Abdul Rahim.

The three companies to be acquired are AIMS Group for RM128 million, a leading network-neutral data centre, Global Transit Communications Sdn Bhd (GTC) (RM106 million), the region's leading wholesale Internet service backhaul provider and Global Transit Ltd (RM105 million).

These acquisitions will move TdC up the telco value chain, giving it part ownership in a cable system which is only one of five of its kind in Asia, he said.

According to Afzal, this is the most interesting thing to happen in TDC, and in line with its corporate plan to strengthen and expand further in 2011.

"The whole merger process will take six months to complete," he told reporters after a press conference to announce the company's corporate exercise here today.

He said as part of the exercise, TdC is proposing to restructure its capital by eliminating its accumulated losses and to carry out a capital reduction and share consolidation exercise.

Time dot.Com is also planning to make a cap repayment to shareholders totalling some RM50.6 million (which works out to two sen per share)while rationalising its balance sheet by writing off part of the share capital that is not represented by available assets.

Asked whether TdC would bid for the 4G spectrum, Afzal said: "We are not interested and will not take up the bidding."

TdC's acquisition of AIMS Group's data centre operations will allow it to have a platform to provide the infrastructure requirements of cloud computing service providers and the necessary skills to complement the services.

AIMS Group's data centre neutrality has also made it a strategic aggregation point for intra-Asian traffic and will continue to do so for the foreseeable future.

GTC is among a handful of licensees able to build and operate submarine cable landing stations in Malaysia, specialising in the wholesale market.

The company positions itself as an alternative regional gateway to the world, connecting major data centres and peering points around the globe.

-- BERNAMA

learned from sifu Cherroy again...
WTB "like" button..

---

Added on November 16, 2010, 1:47 pmAssuming TDC at 80c and I have 10,000 shares..
That means:
ParValue: 100c -> 10c -> 50c
Issued Share : 2.53B -> 2.53B -> 0.506B
Price: 80c -> 8c -> 40c

My Share: 10,000 -> 1,000 -> 200

Investment of RM8,000 become RM800 ?
How much do I get from capital repayment ?

*i dun have TDC, just learning how to calculate correctly.. ty in advance..

This post has been edited by mopster: Nov 16 2010, 02:50 PM

I think the Timecom case is different from serious debts case, although you may say it's "future debts" case. But still, it's not. It's practicing this before debts arise. For me, it's more like a fund raising case here, that forces its present shareholders to bare the investment risk.

Ya, Timecom is debt free , diff from other company. Still holding 500m worth of DIGI shares


After corporate exercise , they can pay dividends out of profit. The plus point of it.

RHB wrote an article on Time's TA outlook at the Edge.

http://www.theedgemalaysia.com/business-ne...side-ahead.html

RHB is quite stupid I think. Now it's all about the striking M&A news, how can we analyze that with TA?

Shanghai down almost 3 % liao

I just hope they're making a smart purchase (not a close deal yet though). Since it looks like a real SAI LANG here.


This post has been edited by yok70: Nov 16 2010, 02:02 PM

that is why i say it is a gem
cherroy is talking grandmother story only.

ooo . sweet. another round of panic selling later ?

Not again Just talk to my colleage and he said most probably the CI start going down by January

wah, tukang tilik .

Haha just my colleague, whos going to retired soon, i said CI going to 1600 but he said opposite
Anyway my profile are keep lossing

lol actually.. alot fo old folks talking about down down down...begining of next year...

Some even talk about the bear coming since last year when the bull just started to run, if not wrong in May 2009

This post has been edited by jasontoh: Nov 16 2010, 02:31 PM

Oh well... can't finish worry about $ up or down. Follow ... lo like Pana.... the gold finger

sales starting.

I thought up now?

Ayam Goreng Sale