i still remember tun ling was the chairman, one day b4 AGM, he resigned..pandai

2010 Scenerio: Humpty Dumpthy sat on the wall. And Humpty Dumpthy had a great fall. All of Robert K resources could not put Humpthy dumpty back again.

Future : Or is it the big bath is a prelude to injecting some of his companies into transmile or is the company walking its last mile?

Dun think robert will inject anything into transmile......

he is exiting malaysia anyway ....... dun think he will put in extra resource or effort in transmile anymore.

the most valuable asset in Transmile now is onli the MD-11 cargo, dun thing these old tri-engine can fetch any good price nowaday.

For corporate re-structure, better hope for POS to do something.......

This post has been edited by mok thye yee: Feb 26 2010, 01:43 PM

2nd opinion :-

http://malaysiafinance.blogspot.com/2010/0...ing-knives.html

Note that the fair value is said to fetch 60sen, that also depends whether Robert Kouk stays put in the company ( a very important factor ).

Not asking investors to buy, but just in case you are odeli a investor, you might want to see things from another prospective.

Whether to sell or stay put, the final decision still be yours. Judge your own.

Good Luck.



This post has been edited by SKY 1809: Feb 27 2010, 02:37 PM

My opinion, market price of 30-40 cents already has premium being paid for "Robert Kuok" factor. If not, for ordinary company that fall into PN17 status with similar situation, share price generally won't more than 10-15 cents.

If company fair value is 60 cents, then market price at 40 cents, seems market price is fair enough due to risk taken is high due to PN17 status and no visibility of company turning into black.

There is still lot of uncertainty which for ordinary investors, buying it, is more like hope instead anything else.

Just my view.

NA is 8sen and no stable revenue. Even 15sen is expensive. This was the first rising star in recent years, followed by KNM and then topglove. It is very stunning that after years of restructuring, nothing positive came to fruition. The recent big loss is really telling. This is the counter to short immediately after the announcement of results that day.

Looking at Robert corporate move, dun think he will waste his time and resources in Transmile

(1) all his palm oil business is transferred to Wilmar
(2) he sold all his sugar related business in Malaysia
(3) he is in the process of selling his insurance business as well i think
(4) he sold his listed property company
(5) his daughter sold their prime land in KLCC

if he is selling his billion RM sugar business in malaysia, dun see any reason why he wanna waste time in transmile, rather than let the whole think in "auto pilot" mode........

anyway, transmile is just a kacang putih or may be kulit kacang putih to him.... he got more imporatant business like Aluminium, property, oil, food, etc more exiciting business to look into, why bother the 4 MD-11 aeroplane sitting in subang......

better hope for POS/Khazanah to be the white knight..... may be inject some asset from POS into transmile to to save the company.....

aiks... wat a sad ending for a very potential company....

it is indeed very sad for those who bot at above RM 10 per share..... but there are a lot of people cash out before the hold scandal being revealed and these people earn a lot......

Transmile is doing ok for it overnight express delivery..... but the long haul business never had potential....

people understand cargo business will know, for MAS kargo case, b4 the idris jala revamp, although the cargo business is making money, but operation run by the cargo plane is at lost, the profit come from the cargo space of the passenger flight.

For transpacific cargo from this region, u will onli hv one way of business and from US the plane will return empty, moreover, u are competing with the BIG BOY, e.g. FedEX, DHL, UPS, and the cargo arm of all the legacy airline ... the business is just cut throat.

Transmile is malaysia version of enron, the book was cooked and a lot of mistery transaction and receivable in term of plant and machinery, so once it is exposed, it will just collapsed, the reason why it is staying till today is becoz the scale is not like enron and it got two prominent shareholder who can still hold.

but the way forward or regularisation plan is still not clear yet .......

bye bye Mr.Kuok...Pos malaysia...very soon they will write off as bad debt

The crooks just paid fines of a total of RM1.88 mill, while they earned much much more. They got off too lightly!

http://www.themalaysianinsider.com/busines...rm1.88-million/

From the financial statement, it does not look that good.

http://steven-moo.blogspot.com/2010/09/tra...oup-berhad.html