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 INTEGRA 9555, anyone interested

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TSmonkeyking
post Apr 29 2011, 04:10 AM, updated 13y ago

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thumbup.gif INTEGRA 9555



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thumbup.gif Formerly known as:
GANZ TECHNOLOGIES BERHAD

INTEGRAX BERHAD is a Malaysia-based investment holding company. The Company, through its subsidiaries, operates in five segments: port operations, marine services, investment holding, industrial property and mining. It owns and operates two port facilities, namely Lumut Maritime Terminal, which is a port facility for dry and liquid bulk, breakbulk and containers, and Lekir Bulk Terminal, which is a port facility for dry and liquid bulk comprising Lumut Port. In addition, the Company also involved in the provision of luggage services, sale of industrial property and extraction and smelting of nickel ore. Its direct subsidiaries are Pelabuhan Lumut Sdn. Bhd., Integrax Resources Pte Ltd, Segmen Kembara Sdn Bhd, Trek Kembara Sdn Bhd, LBT Two Sdn. Bhd., P.T. Integra Jasa Energi, P.T. Integrax Indonesia, Integrax Philippines, Inc and P.T. Indoexchange Tbk.



rclxms.gif The principal activity of Integrax is investment holding while its subsidiaries are principally involved in port operations, marine services, industrial property and mining. Lekir Bulk Terminal Sdn Bhd, one of the subsidiaries of Integrax, and its associate, Lumut Maritime Terminal Sdn Bhd, are principally involved in the provision of coal-handling services and port facilities for one of TNB’s largest power plants, Stesen Janakuasa Sultan Azlan Shah, Manjung.


rclxms.gif Special Interim Dividend of 16% less Income Tax at 25% in respect of the financial year ending 31 December 2011.



9555 INTEGRA INTEGRAX BHD
Special Interim Dividend 16%

Entitlement Details:
Special Interim Dividend of 16% less Income Tax at 25% in respect of the
financial year ending 31 December 2011.


Entitlement Type: Special Dividend
Entitlement Date and Time: 10/05/2011 04:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2011
EX Date: 06/05/2011
To SCANS Date:
Payment Date: 18/05/2011





icon_rolleyes.gif According to sources, this counter will goreng.....TP $3+++ ???? rclxms.gif .........yes, buy on rumors & sell on news. thumbup.gif



wub.gif Cheers to all....anyone interested? hmm.gif

This post has been edited by monkeyking: Apr 29 2011, 05:27 AM


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Attached File  2010_3Q_Notes.pdf ( 692.42k ) Number of downloads: 12
Attached File  2010_4Q_Financial.pdf ( 66.98k ) Number of downloads: 12
Attached File  2010_4Q_Notes.pdf ( 737.77k ) Number of downloads: 11
Attached File  Resources.pdf ( 940.4k ) Number of downloads: 30
TSmonkeyking
post Apr 29 2011, 04:53 AM

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thumbup.gif Che Khalib: Integrax stake to ensure coal supply


Written by Financial Daily

Friday, 22 April 2011 11:31



rclxms.gif KUALA LUMPUR: Tenaga Nasional Bhd’s recent purchase of a 22% stake in Integrax Bhd is to ensure the continuous supply of coal to its Manjung coal-fired power plant, said president and CEO Datuk Seri Che Khalib Mohamad Nor .

“It is a strategic purchase... Tenaga has an interest as Integrax is the sole handling operator of coal for our Manjung power plant. It is to ensure the smooth operation of our coal power plant,” he said.

Tenaga has appointed one director of Integrax and will recommend another to the board, he said.

Last month, Tenaga bought 22.12% equity interest in Integrax for RM106.5 million from Harun Halim Rasip, who stepped down as executive director and CEO of the latter on Wednesday.

His resignation came just before this Monday’s EGM that was called to remove him from the board.

According to Affin Investment Bank Equity Research, the entry into Integrax would help Tenaga ensure Manjung remains a key priority for the Lekir Bulk Terminal (LBT) and Integrax.

“Manjung’s coal-handling process could face capacity constraints and risked being de-prioritised should LBT have gone through with Vale SA’s iron ore transhipment proposal [apparently terminated in 4QFY10],” it said.


Integrax owns Lumut port, which comprises the LBT and Lumut Maritime Terminal (LMT). The Tenaga contributes about 90% to Integrax’s earnings and solely handles coal deliveries to TNB’s Manjung plant.

While Integrax has yet to appoint a new CEO to replace Harun, another EGM will be convened on May 6 to remove three directors — Datuk Onn Hamzah, Wong Joon Hian and Chan Kok Keong — and appoint five new directors.

TNB’s CFO and vice-president (group finance) Mohamed Rafique Merican Mohd Wahiduddin Merican was appointed a non-executive and non-indepedent director of Integrax after the utility group bought into the port management firm.

Tenaga is currently the single-largest shareholder of Integrax, followed by Perak Corp Bhd holding a 14.9% stake through Kuda Sejati Sdn Bhd and Taipan Merit Sdn Bhd. Amin Halim Rasip, brother of Harun, has 13.59% equity interest.


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TSmonkeyking
post Apr 29 2011, 04:57 AM

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thumbup.gif Integrax plans Lekir Bulk Terminal to be multi-user rclxms.gif

Written by Max Koh of theedgemalaysia.com
Monday, 25 April 2011 15:50


thumbup.gif KUALA LUMPUR: INTEGRAX BHD [] plans to make Lekir Bulk Terminal, which is part of the Lumut port in Perak, to be multi-user where it can handle limestone, coal, iron ore and even biomass.

Integra's director Amin Halim Rasip said on Monday, April 25, the terminal could easily cater to four to six users.

“There’s limestone, coal to be handled as well as possibility of biomass, coking coal, iron ore which all ties in with our business model,” he said at a shareholders meeting.

He said over the next three years, Integrax hoped to create an eco-industrial zone where a group of users could share infrastructure and facilities, this would also help to reduce the carbon emission.

Affin Investment Bank Research said in a recent note that TENAGA NASIONAL BHD []’s (TNB) recent RM107 million investment for a 22% stake in Integrax was purely to facilitate the operational efficiency of the group’s wholly-owned Manjung coal-fired power plant.

Integrax owns Lumut port – which comprises of the Lekir Bulk Terminal and Lumut Maritime Terminal. Lekir Bulk Terminal contributes more than 90% of Integrax’s earnings and provides coal handling and coal delivery services to TNB’s Manjung power plant.



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TSmonkeyking
post Apr 29 2011, 05:03 AM

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thumbup.gif MORE NEWS FOR ALL. rclxms.gif


thumbup.gif rclxms.gif Revived Integrax-Vale accord on the cards rclxms.gif

Tuesday April 26, 2011



thumbup.gif rclxms.gif But this depends on EGM next week to reconstitute Integrax board

KUALA LUMPUR: Port operator Integrax Bhd is set to revive a terminated deal with Brazilian mining giant Vale International S.A.

However, this depends on the outcome of an Integrax EGM next week to vote on resolutions to reconstitute its board of directors, because the plan to again approach Vale comes from two substantial shareholders, Amin Halim Rasip and the Perak government, and is not mooted by the current board.

A key factor may well be whether the minority shareholders support the bid to remove three independent directors and to appoint five new directors in the EGM on May 6.


This will be the company's second in two weeks. At another EGM here yesterday, which was convened by two companies controlled by the Perak government, Integrax shareholders approved the removal of Harun Halim Rasip, Amin's brother, as an Integrax director. The voting was more of a formality because Harun had stepped down on April 20 as director and chief executive officer.

Only three directors were present at the EGM yesterday: Amin, independent director Wong Joon Hian and Mohamed Rafique Merican, who is also chief financial officer of Tenaga Nasional Bhd (TNB). Last month, the utility company became Integrax's largest shareholder after buying a 22% stake from Harun.

Wong, who chaired the meeting, declared it closed after 15 minutes. That was followed by a presentation by Amin. When addressing shareholders earlier, Mohamed Rafique said: “The presentation is coming from Amin. Our view is that it's not yet sanctioned by the board. I leave it to the shareholders to consider if they want to accept the presentation.”

Wong and Rafique walked out of the room minutes after Amin had begun his session. When speaking to reporters later, Amin agreed that his presentation was not representative of the board's views.

However, most of the some 80 people who attended the EGM stayed on to listen to him speaking about the company's progress and strengths, and his strategy and plans for Integrax going forward.

Among his plans was for the company to offer Vale the use of Integrax's Lekir Bulk Terminal (LBT) in Lumut for the transhipment of iron ore. This will involve an expansion and upgrading of LBT that will cost between RM300mil and RM400mil.

Vale is building a distribution centre in nearby Teluk Rubiah, and is looking at setting up a pellet plant as well. This means the Brazilian company will be bringing in and shipping out huge amounts of iron ore and pellets.

In December 2009, Integrax and Vale signed a conditional transshipment services agreement for 10 years. When Amin and Halim, then co-CEOs of Integrax, began to have deep disagreements over the direction of the company, including whether to go ahead with the Vale deal, the transshipment services agreement eventually lapsed. The Perak government has since given Vale the green light to construct its own jetty to serve the iron ore project.

Amin said Integrax could still provide Vale with a better option. “We will put forward a proposal to expand LBT to have a jetty to serve Vale instead of Vale building its own jetty. The costs will be lower and we can do it faster. We can save Vale US$1 per tonne of iron ore,” he added. His benchmarks for success of such a deal is a return on equity of at least 15% and a payback period of less than 10 years.

The presentation was partly an attempt to drum up shareholder support ahead of the May 6 EGM, which was requisitioned by Amin and another individual. Amin has an 18.5% shareholding in Integrax, while the Perak government has about 15%. Together, their votes outweigh that of TNB, which has so far shown no inclination to align itself with Amin and the Perak government. However, Amin said it was the minority shareholders who were really in control of Integrax.

At the EGM yesterday, Mohamed Rafique told shareholders: “We need to take a step back and look at what's best for Integrax. My personal view is that we need to reassess the company's processes and governance structure, and the board committees must be allowed to do their part. We must also be clear about what sort of direction we want the company to take.”

Amin, on the other hand, asked that the shareholders put him in charge of the company. He said: “This is about vision, direction and management style. My brother and I have completely different approaches. It's very difficult to steer a ship with two captains at the wheel. Please give me the wheel.”




hmm.gif INTERESTED ANYONE?







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TSmonkeyking
post Apr 29 2011, 05:12 AM

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thumbup.gif MORE INTERESTING NEWS FOR ALL. rclxms.gif



icon_rolleyes.gif Another boardroom tussle looming in Integrax?



whistling.gif KUALA LUMPUR: Barely a month after Tenaga Nasional Bhd emerged as the single largest shareholder of Integrax Bhd, the port operator has received a notice from its incumbent 13.59% shareholder Golden Initiative Sdn Bhd and Chang Bar Kuei for the removal of three board members.

In an announcement to Bursa Malaysia yesterday, Integrax said Golden Initiative and Chang had requisitioned for an EGM to be held at 10am on May 6 at Equatorial Hotel Kuala Lumpur to remove three directors and appoint five new directors.

The two had proposed the removal of independent non-executive directors Datuk Onn Hamzah, Wong Joon Hian and Chan Kok Keong with immediate effect.

They proposed that Onn be replaced by Shireen Ann Zaharah Muhiudeen, Wong be replaced by Azman Shah Mohd Yusof and Chan be replaced by Chan Wan Siew, to hold office for the period the former three would have held office if they had not been removed.

Golden Initiative and Chang had also proposed that Abdul Manap Ali Hasan and Loong Foo Ching be appointed directors of Integrax with immediate effect.
The five proposed candidates had submitted the notice of candidacy for the company’s directorship.

The current Integrax board comprises Amin Halim Rasip, Harun Halim Rasip, Onn, Wong and Chan.

Tenaga, despite being the single largest shareholder of Integrax since March 23, has yet to nominate its candidates to the board. This raises questions on whether the move by Golden Initiative and Chang to change the composition of the board would draw objection from Tenaga and hence trigger a boardroom tussle.

Golden Initiative is the investment vehicle of Amin, brother to chairman and co-chief executive Harun, who had at the end of last month disposed of his entire stake of 66.54 million shares or 22.12% equity interest in Integrax to Tenaga for RM106.5 million.

The Rasip brothers have been at loggerheads over the direction of Integrax, which operates the Lumut Port, especially pertaining to a possible 10-year interim contract from Brazil’s Vale International SA.

The brothers had jointly held the block of 37.8% stake in Integrax and hence could not vote separately on the issue.

They had eventually resolved this by splitting their stake, which subsequently led to Harun selling his portion of the shares to Tenaga while Amin retains his 13.59% interest held through Golden Initiative.

Another substantial shareholder of Integrax is Perak Corp Bhd, which has a 14.9% stake through Kuda Sejati Sdn Bhd and Taipan Merit Sdn Bhd.




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TSmonkeyking
post Apr 29 2011, 05:17 AM

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thumbup.gif MORE EXCITING NEWS FOR ALL......NOW READ ON PLEASE. rclxms.gif



flex.gif flex.gif Can TNB trigger a revival of Integrax's transhipment deal?

THE emergence of Tenaga Nasional Bhd (TNB) as the single largest shareholder of port operator Integrax Bhd has raised two pertinent questions how the investment benefits TNB, and whether the shareholding change will trigger the revival of Integrax's transhipment service agreement with Brazilian mining giant Vale International SA.

Last week, TNB, which operates 2,100MW power station in Manjung, Perak, acquired 22.12% stake in Integrax for RM106.5mil cash. This also marks the exit of Integrax co-chief executive Harun Halim Rasip as a shareholder.

While most analysts agree that TNB's purchase may reduce the logistics cost of transporting coal to the Manjung power plant, it may not be the case in the immediate term. ECM Libra Investment Research views the deal positively as it is a form of vertical integration strategy employed by TNB to secure the coal handling services for the plant and thus enhance its efficiency and operations.

(In vertical integration, a business absorbs several other businesses involved in all aspects of a product's manufacture, from raw materials to distribution.)

“With this strategic acquisition, TNB could also see some cost savings as it will now have a bigger say in the port rates being charged by Integrax's subsidiaries, Lekir Bulk Terminal Sdn Bhd (LBT) and Lumut Maritime Terminal Sdn Bhd (LMT). Future cost savings could also come from more efficient coal handling and port service,” says ECM Libra. Integrax owns 50% and 80% of LMT and LBT respectively.

Kenanga Research has a similar stance, saying the acquisition is in line with the power plant expansion in Manjung. “We believe TNB is thinking ahead in terms of securing sufficient berthing and storage space in LMT for its coal shipments when the new coal-fired plant there is operational in March 2015,” it says.

But, an industry analyst says LBT is a multi-user terminal and is not bound to only serve TNB although the latter is currently the terminal's sole customer. “The fees that LBT charges for handling TNB's coal have already been locked in until 2013. Maybe when the Janamanjung power plant expands in 2015, LBT can work out a new fee structure. “But, more importantly, LBT is a multi-user port that can cater for other customers as well because it has the excess capacity to do so,” he adds.

At present, LBT handles approximately six million tonnes of coal annually, and this accounts for about half of its capacity. The analyst says when Janamanjung power plant completes its expansion in 2015, TNB's coal shipments may be increase by another three million tonnes annually. “But by then, Integrax may have already come up with a plan to increase its capacity as well,” he points out.

Meanwhile, another analyst says that currently LBT could only receive goods and does not have the capability to handle export of goods yet.

“And the apparent reason for TNB to acquire a stake in Integrax is for its coal import logistics. This is because LBT is currently the only gateway adjacent to its power plant in Manjung,” he says.

In another matter, observers believe that Harun's exit from Integrax may lead to a revival of the company's transhipment service agreement with Vale. Prior to the TNB acquisition, Harun and his brother, Amin Halim Rasip, who is also co-chief executive of Integrax, collectively held a 37.8% stake via private companies.

The two had been at loggerheads in deciding the future direction of the company. In particular, they could not see eye to eye on whether LBT should take on a 10-year interim contract to provide transhipment services to Vale. The offer has since lapsed, and the Perak government has agreed to allow Vale to construct its own jetty in Lumut to accommodate its proposed iron ore transhipment project.

AmResearch says Amin still holds about 18% of Integrax, while state-owned Perak Corp Bhd, which is believed to be friendly to Amin, has a 15% stake via its subsidiaries. “Our query to the TNB management indicated that no decision has been made as yet on Integrax's iron-ore transhipment agreement, which lapsed last year, with Brazil's Vale, one of the world's largest producers of iron ore and pellets, raw materials for the steel industry, and one of the largest producers of nickel.

“If the transhipment agreement were to be revived, the contract duration and port charges could be revised. Moreover, the additional handling services and synergies from Janamanjung's power plant expansion currently could improve the project viability. We understand that TNB acquired the stake in Integrax, which was affected by its internal management tussle, to ensure the smooth running of LBT, which is currently dedicated to coal-handling services for the Janamanjung power plant,” it says in a recent report.





mH3nG
post Apr 29 2011, 07:37 AM

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Wow. Monkeyking, you really have put a lot of work into your recommendations. notworthy.gif
rainie1284
post Apr 29 2011, 08:52 AM

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this baru called investor.. research in full of the company and decide to bank in or not.. notworthy.gif
htt
post Apr 29 2011, 09:36 AM

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Nice writeup, got some homework to do... rclxms.gif notworthy.gif
baqueen
post Apr 29 2011, 09:38 AM

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Really thank you MonkeyKing!
davidcch07
post Apr 29 2011, 02:07 PM

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notworthy.gif notworthy.gif notworthy.gif notworthy.gif notworthy.gif
Really MonkeyGOD tongue.gif
nasni
post Apr 29 2011, 02:42 PM

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QUOTE(mH3nG @ Apr 29 2011, 07:37 AM)
Wow. Monkeyking, you really have put a lot of work into your recommendations.  notworthy.gif
*
Great work bro.

Been watching 4 sometime especially when Tenaga buys into them, the coal handling is specific to Janamanjung plant.
How abt Kapar coal fired power plant? another biggie too, who's handling them?

But then again Tenaga been crying the rise in coal price affecting their profitability.

When will bolehland master or political master go to Indon/Kalimantan and extract coal there OR do some jv there.


If i'm not mistaken 3 indon billionaires were created and made to the 40 indon richest by listing coal companies, (goggle Forbes: indon 40 richest).
What does that tell us Msian? That they had huge reserves there in Kalimantan, like i said earlier could be bigger than China, Australia or Russia.

Tenaga (being the largest shareholder) can use Integrax as a platform to jump start other initiatives....


TSmonkeyking
post May 1 2011, 02:26 AM

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icon_rolleyes.gif Special Notice pursuant to Sections 128[2] and 153 of the Companies Act, 1965


13 Apr 2011
Further to the Company's announcement dated 6 April 2011 on above-captioned matter, the Company wishes to inform that the Company had on today received a Notice and Information Circular to Shareholders dated 13 April 2011 calling for an Extraordinary General Meeting to be held at the Anggerik Room, 4th Floor, Hotel Equatorial Kuala Lumpur, Jalan Sultan Ismail, 50250 Kuala Lumpur on Friday, 6 May 2011 at 10.00 a.m. to consider and if thought fit, to pass with or without modifications the following resolutions as an ORDINARY RESOLUTION -



Ordinary Resolution No: 1
"THAT Y.Bhg Dato' Ir. Che On@ Onn bin Hamzah be hereby removed as Director of the Company with immediate effect."
Ordinary Resolution No: 2
"THAT Shireen Ann Zaharah Binti Muhiudeen having consented to act as a Director, be and is hereby appointed a Director of the Company in place of Y.Bhg Dato' Ir. Che On@ Onn bin Hamzah, to hold office only during such time Y.Bhg Dato" Ir. Che On@ Onn bin Hamzah would have held office if he had not been removed."
Ordinary Resolution No: 3
"THAT Wong Joon Hian be hereby removed as Director of the Company with immediate effect"
Ordinary Resolution No: 4
"THAT Azman Shah Bin Mohd Yusof having consented to act as a Director, be and is hereby appointed a Director of the Company in place of Wong Joon Hian, to hold office only during such time Wong Joon Hian would have held office if he had not been removed."
Ordinary Resolution No: 5
"THAT Chan Kok Keong be hereby removed as Director of the Company with immediate effect"
Ordinary Resolution No: 6
"THAT Chan Wan Siew having consented to act as a Director, be and is hereby appointed a Director of the Company in place of Chan Kok Keong, to hold office only during such time Chan Kok Keong would have held office if he had not been removed."
Ordinary Resolution No: 7
"THAT Ir. Abdul Manap bin Ali Hasan having consented to act as a Director, be and is hereby appointed a Director of the Company with immediate effect."
Ordinary Resolution No: 8
"THAT Loong Foo Ching having consented to act as a Director, be and is hereby appointed a Director of the Company with immediate effect."
Ordinary Resolution No: 9
"THAT any such persons as might have been appointed by the Board of Directors as director to fill a casual vacancy on the Board between the period commencing from the date of receipt of the requisition dated 6th April 2011 by the Company until the holding of the Extraordinary General Meeting of the Company including any adjournment thereof, be removed as directors of the Company."


The Notice of the EGM is attached herewith for ease of reference, whereas the Information Circular to Shareholders can be viewed on the Company's website.
This announcement is dated 13 April 2011.




thumbup.gif Why the EGM?.......now read the snapshot I made & you will know why. brows.gif



wub.gif Cheers to all.....good luck to all too. rclxms.gif




Attached thumbnail(s)
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TSmonkeyking
post May 1 2011, 02:31 AM

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thumbup.gif With better corporate governance, we the shareholders gets better protected & perhaps our shares have better value. rclxms.gif .......yes, that's why the main reason of the EGM is to remove the lousy directors & bring INTERGRAX to greater heights for the benefit of all shareholders. rclxm9.gif rclxm9.gif



wub.gif Cheers to all.....all the best to you, the present & future shareholders. rclxms.gif
TSmonkeyking
post May 4 2011, 04:08 AM

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thumbup.gif Last day to add to your portfolio to qualify for the 16 cents dividend & watch this counter grows. rclxm9.gif rclxm9.gif rclxm9.gif




wub.gif Cheers to all.....much love. wub.gif
TSmonkeyking
post May 28 2011, 01:56 AM

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thumbup.gif Good news for Intergra 9555 shareholders.....yes, for the first time Intergrax is proposing for a share buyback. rclxm9.gif




thumbup.gif Now read this....


9555 INTEGRA INTEGRAX BHD
OTHERS

INTEGRAX BERHAD ("INTEGRAX" or "the Company")
- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR SHARE BUY-BACK




Announcement Details/Table Section :


The Board of Directors of the Company wishes to announce that the Company intends to seek for the shareholders' approval for a Proposed Renewal of Shareholders' Mandate for a Share Buy-Back by the Company of an amount not exceeding 10% of the total issued and paid-up share capital of the Company ("Share Buy-Back") at the Company's forthcoming 25th Annual General Meeting.

The Shareholders' mandate for Share Buy-Back approved by the Company's shareholders at the previous AGM of the Company held on 23 June 2010 will lapse at the conclusion of the forthcoming AGM of the Company unless authority for its renewal is obtained from the shareholders at the forthcoming AGM.

A Circular containing details of the above proposal will be dispatched to the shareholders of the Company in due course.

This announcement is dated 27 May 2011.



icon_rolleyes.gif My sources says this counter will goreng to $3......how true is this rumor is left to be seen. whistling.gif




wub.gif Cheers to all....good luck too. rclxms.gif


firee818
post May 28 2011, 06:15 AM

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Thank u Monkeyking for u information.

For my personal view, if two big shareholders are fighting each other for the position of the company, e.g. Director, then the share price might go up. This is in view of the fact that they will buy in shares in the market in order to control the Board and/or to sustain their position in board. Therefore, Intregra is worth to buy if its profit can maintain/increase in nearby future.

SKY 1809
post May 28 2011, 08:11 AM

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QUOTE(firee818 @ May 28 2011, 06:15 AM)
Thank u Monkeyking for u information.

For my personal view, if two big shareholders are fighting  each other for the position of the company, e.g. Director, then the share price might go up. This is in view of the fact that they will buy in shares in the market in order to control the Board and/or to sustain their position in board. Therefore, Intregra is worth to buy if its profit can maintain/increase in nearby future.
*
I think fighting among the major shareholders for prolonged period would be extremely bad for the company.

Many board decisions would not be passed easily without the supports of the other camp.

Another co, KIan Joo has this type of problem for many years, small investors suffer. Some bonus/right issue blocked by one party for good or for bad. Kian Joo was once a Blue Chip , but the price now is so so only, trading at 50% of its prime time

The management would face many hidden problems to do their jobs properly. Share price depends on company performances.

I would stay away from such a company as there are still many good prospects elsewhere.

I might be wrong anyway.

This post has been edited by SKY 1809: May 28 2011, 09:18 AM
firee818
post May 28 2011, 12:40 PM

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True also.
TSmonkeyking
post May 28 2011, 03:53 PM

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thumbup.gif Friday, May 27, 2011
Integra- bottom-line shored up
Results Update

For QE31/3/2011, Integra's net profit dropped 4.8% q-o-q to RM14.2 million on the back of a 2.5%-decline in turnover to RM22.2 million. When compared to the same quarter last year, its net profit was up 59.3% while turnover was lower by 3.6%.

While net profit dropped only marginally when compared to QE31/12/2010, we must note that current quarter number was boosted by gain on disposal of an associated company, Platinum Group Metals Corp ('PGMC') of RM722k; gain on disposal of a subsidiary company, P.T. Indoexchange Tbk ('IDNX') of RM1.926 million; and forex gain of RM2.496 million. If the 2 exceptional gain on disposal were excluded, Integra's net profit would drop by 23% q-o-q to RM11.5 million. For QE31/3/2011 & QE31/12/2010, Integra did not derive any contribution from either PGMC or INDX.




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