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 IPO: Ranhill Power & Ranhill Utilities, Maybe both under single IPO, maybe split

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fiqir
post Jul 24 2013, 05:19 PM

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if still listing with current ipo price, sure going down. zzz
davinz18
post Jul 24 2013, 05:20 PM

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QUOTE(tottichien @ Jul 24 2013, 05:11 PM)
I think they had hide this info to all the investor. FYI, I heard this new two months ago from my relative who work in OnG firm. Indirectly cause Ranhill have to retrench hundred of workers.
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Really shocking.gif

This ranhill management really play with fire.


davinz18
post Jul 24 2013, 05:22 PM

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QUOTE(cckiong @ Jul 24 2013, 05:14 PM)
what you think will happen on the stock performance on the listing day
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Sure dropped because of this "bad publicity"
cwhong
post Jul 24 2013, 05:30 PM

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QUOTE(davinz18 @ Jul 24 2013, 05:22 PM)
Sure dropped because of this "bad publicity"
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i sure buy if can get 50% haircut on listing day ...... nod.gif

side note: i do not wish this crap to be listed since involve in this controversial news.....
nasT
post Jul 24 2013, 05:32 PM

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QUOTE(john123x @ Jul 24 2013, 07:58 AM)
i wonder if any hanky panky in the background? license suspended at 17 july, now today 24 july only tell.....
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IMHO, the reporting accountant to me should have captured and disclose all details. And this revelation shows how sloppy and incomplete they have performed their duties.

Even if it is a go i expect the current IPO holders will be given a right to choose whether to proceed investing or not. SIMPLY BECAUSE A PIECE OF INFORMATION HAS NOT BEEN PROPERLY INFORMED. Surely there must be winds blowing rite.

From my experience....this case is akin to FOCUS POINT where somebody blew off the top regarding them not having properly licenced optometrist.

the news nonetheless proven to be a show stopper... didn't open at discount but didn't even fly either.

I have vested interest here.... sweat.gif
jerry88
post Jul 24 2013, 05:34 PM

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Done with the complain with SC and MSWG. People should do the same, it's your rights. Simple email will do, not worth it?


SUSfuzzy
post Jul 24 2013, 05:38 PM

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QUOTE(davinz18 @ Jul 24 2013, 05:20 PM)
Really  shocking.gif

This ranhill management really play with fire.
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Think about it. Before Petronas drops a vendor, they would have to do a investigation if the problems are real or bad enough, they will have to have discussion with Ranhill's management. All options would have to be explored and a conclusion would have been reach much earlier before the announcement date, which is usually due to tying up some lose ends before going public.

Ranhill and the team fully knew about this, and they chose to kept their silence on it. I haven't read their prospectus, but hopefully they haven't listed this deal with PEtronas down as one of the key reason investors should buy as I think that would be a lie.
nasT
post Jul 24 2013, 05:39 PM

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QUOTE(jerry88 @ Jul 24 2013, 05:34 PM)
Done with the complain with SC and MSWG.  People should do the same, it's your rights. Simple email will do, not worth it?
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may i have the info for me to exercise my right? tenkiu. u can PM me
davinz18
post Jul 24 2013, 05:40 PM

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QUOTE(jerry88 @ Jul 24 2013, 05:34 PM)
Done with the complain with SC and MSWG.  People should do the same, it's your rights. Simple email will do, not worth it?
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Good rclxms.gif

Everyone should do the same smile.gif
nasT
post Jul 24 2013, 05:41 PM

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QUOTE(fuzzy @ Jul 24 2013, 05:38 PM)
Think about it. Before Petronas drops a vendor, they would have to do a investigation if the problems are real or bad enough, they will have to have discussion with Ranhill's management. All options would have to be explored and a conclusion would have been reach much earlier before the announcement date, which is usually due to tying up some lose ends before going public.

Ranhill and the team fully knew about this, and they chose to kept their silence on it. I haven't read their prospectus, but hopefully they haven't listed this deal with PEtronas down as one of the key reason investors should buy as I think that would be a lie.
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no bro... i have read the prospectus.. but nothing such was mentioned... check out the section under risk.
SUSfuzzy
post Jul 24 2013, 05:43 PM

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QUOTE(nasT @ Jul 24 2013, 05:41 PM)
no bro... i have read the prospectus.. but nothing such was mentioned... check out the section under risk.
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Then at least they can claim they never intentionally misled the investors, can claim at the time of the launching, they were still in discussion with Petronas brows.gif
hyzam1212
post Jul 24 2013, 05:48 PM

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QUOTE
The company is taking steps to appeal to Petronas.

Although in theory such licenses can be reinstated, it rarely happens. #theedge


There is a slim hope,its not done and dusted yet...dont be shock if they can postponed it somehow seeing Tabung Haji there
nasT
post Jul 24 2013, 05:56 PM

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QUOTE(fuzzy @ Jul 24 2013, 05:43 PM)
Then at least they can claim they never intentionally misled the investors, can claim at the time of the launching, they were still in discussion with Petronas  brows.gif
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ya.. but there must prior indication and deliberation. If true then this is witholding information. Now they have to rebut in by press announcement that the suspension is not 'material' in effect and nature.

Either way they have to 'surface'.
nasT
post Jul 24 2013, 05:57 PM

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i believe currently pulling and pushing strings in effect...smile.gif
jerry88
post Jul 24 2013, 06:00 PM

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azlan88
post Jul 24 2013, 06:05 PM

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QUOTE(zitis @ Jul 24 2013, 08:59 AM)
RAN down the HILL on listing day. Even their staffs also refused to participate.
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Nice quote! lol
nasT
post Jul 24 2013, 06:19 PM

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QUOTE(azlan88 @ Jul 24 2013, 06:05 PM)
Nice quote! lol
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i think the quote is uncalled for... insensitive to those who got this shares. shakehead.gif
fiqir
post Jul 24 2013, 06:19 PM

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DEFERMENT OF LISTING

ranhill ipo postpone to a later date unknown. wink.gif
azlan88
post Jul 24 2013, 06:20 PM

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QUOTE(fiqir @ Jul 24 2013, 06:19 PM)
DEFERMENT OF LISTING

ranhill ipo postpone to a later date unknown.  wink.gif
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Yup
see the Bursa Statement through this link
http://www.bursamalaysia.com/market/listed...cements/1359305
davinz18
post Jul 24 2013, 06:24 PM

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QUOTE(fiqir @ Jul 24 2013, 06:19 PM)
DEFERMENT OF LISTING

ranhill ipo postpone to a later date unknown.  wink.gif
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already gone case if like this shakehead.gif

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