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1,606 comment(s). Last comment by joyvest at Dec 2, 2020 8:01 PM
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Cyphuell Azm
41 posts

Posted by Cyphuell Azm > Aug 22, 2018 11:40 PM | Report Abuse

10% from current amount means around 60mil per year.. quite a lot


smartly
5817 posts

Posted by smartly > Aug 23, 2018 12:31 AM | Report Abuse

1) Discount : 635m - 10% = 571.5m
2) payment in 10 years : 571.5m / 10 years = 57.15m per year (plus additional accrue interest of 5.25% on remaining outstanding)
3) BSR reduce 5sen/m3 but new agreement with 7 years extension of old one, expired in 2036

overall not bad. sure huat

with the first upfront 10% payment, taliwrk can afford to pay special dividend of 4.5sen plus the normal quarterly 2sen dividend, all in all about 6.5sen dividend expected & special dividend is on a yearly basis up to the next 9 years long after the first special dividend.

sapu......wait no more....:):):)


cutie
1643 posts

Posted by cutie > Aug 23, 2018 12:48 AM | Report Abuse

everybody was expecting full payment and special dividend of 35 sen or more .


Investeye
2201 posts

Posted by Investeye > Aug 23, 2018 8:59 AM | Report Abuse

It is better than earlier report especially from CIMB Research reported that "...Air Selangor targets to reduce SPLASH’s bulk supply rate (BSR) from RM1.37/cu m to 42 sen to 44 sen/cu m, a significant reduction of 67.9% to 69.3%...." and the assumption of HL Invest " discount with SPLASH deal (28% discount) and transaction structure (75% upfront cash payment, 25% installment),Taliworks will receive c.RM382m ".
Discount receivable was 10% but the amount is over 9 years. With the 7 years of extension, the business visibility is much better. It is a positive for Taliworks.


Investeye
2201 posts

Posted by Investeye > Aug 23, 2018 1:15 PM | Report Abuse

KUALA LUMPUR (Aug 23): Hong Leong Investment Bank Bhd upgraded Taliworks Corp Bhd shares to buy from hold on expectation of a special dividend from Taliworks due to better-than-expected receivable-settlement terms for its existing operations and maintenance of the Sungai Selangor Water Treatment Plant Phase 1 (SSP1).

Hong Leong analyst Yip Kah Ming wrote in a note today that Hong Leong also raised its Taliworks share target price to RM1.33 from RM1.29. Hong Leong's note today follows Taliworks' announcement on Tuesday (Aug 21) that its wholly-owned subsidiary Sungai Harmoni Sdn Bhd had on that day received from Pengurusan Air Selangor Sdn Bhd (Air Selangor) a letter which specified the settlement terms relating to Sungai Harmoni's outstanding receivables from its existing operations and maintenance of SSP1.

Taliworks said: "To facilitate the conclusion of the water restructuring exercise, Sungai Harmoni is requested to: (i) enter into a termination and settlement agreement with Air Selangor and Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH) in respect of its existing operations and maintenance agreement for SSP1 (SSP1 OMA), (ii) enter into a new operations and maintenance agreement for the continued operation and maintenance of SSP1, and (iii) terminate all other existing agreements relating to the SSP1 OMA."

Today, Yip said: "We are pleasantly surprised by this announcement given lower-than-expected discount of receivables and longer concession period of new O&M agreement. Although magnitude of upfront payment is much lower than expected, overall settlement structure is still above our expectations. We expect distribution of special dividend post settlement of outstanding receivables but are uncertain of the magnitude and the structure of it."


thor85
88 posts

Posted by thor85 > Aug 23, 2018 2:10 PM | Report Abuse

Air selangor will become a good paymaster.


Investeye
2201 posts

Posted by Investeye > Aug 23, 2018 11:23 PM | Report Abuse

It is a good sight that LTH started to buy in more Taliworks shares (total accumulated 7.32%) after rest for 8 months.


cutie
1643 posts

Posted by cutie > Aug 24, 2018 12:45 AM | Report Abuse

i think all news out already. time for profit taking. Everybody was expecting a special dividend of 35 sen or more and I dont think it will pay a special dividend of more than 5 sen. Dont understand what this Hong Leong analyst is saying...10 percent discount of the receivables and the remainder pay in 9 years. I dont like this.


Investeye
2201 posts

Posted by Investeye > Aug 24, 2018 5:38 PM | Report Abuse

As Taliwork is still able to make profit/break even with this outstanding receivables issue. Now this issue is solved (will receive at least 57 mil +5.25% interest each year although it is not lump sum) + business visibility is better (7 years of extension). Highway toll concessionaire & solid waste business are quite sustainable; except the construction and engineering division need a closer look. Overall the yearly dividend of 10~12 cents should able to achieve ( previous was 8 cents; which is 2 cents quarterly even at hard time). So, the share price will soon or later reflect it actual value. Let wait for coming Q result and dividend announcement...


cutie
1643 posts

Posted by cutie > Aug 26, 2018 12:38 AM | Report Abuse

earnings quarterly in the past always less than 1 sen per share. I think this price is fair and anything more than that is a SELL.


Investeye
2201 posts

Posted by Investeye > Aug 27, 2018 4:16 PM | Report Abuse

The wave is coming,,


Investeye
2201 posts

Posted by Investeye > Aug 27, 2018 4:23 PM | Report Abuse

Taliwork had accepted the order..
Reference is made to the earlier announcement dated 21 August 2018 in relation to the letter of offer dated 21 August 2018 from Air Selangor to Sungai Harmoni (“Offer”). Unless otherwise stated, words and phrases used in this announcement shall have the same meanings as defined in the aforesaid announcement.

The Board of Directors of Taliworks wishes to announce that the Company’s wholly owned subsidiary, Sungai Harmoni has on 27 August 2018 resolved to accept the Offer from Air Selangor.

Sungai Harmoni expects to commence negotiations with Air Selangor to finalise the terms and conditions for the Termination and Settlement Agreement and the New Operations and Maintenance Agreement (collectively as the “Agreements”) to be executed by the parties. An appropriate announcement will be released in due course upon the execution of the Agreements.

This announcement is dated 27 August 201


zepth91
73 posts

Posted by zepth91 > Aug 27, 2018 5:20 PM | Report Abuse

when is taliworks qr report?


apolloang
17504 posts

Posted by apolloang > Aug 27, 2018 5:21 PM | Report Abuse

report just out and is good,no worry tomoro up a few cts


Investeye
2201 posts

Posted by Investeye > Aug 27, 2018 5:24 PM | Report Abuse

Good Q result...


Investeye
2201 posts

Posted by Investeye > Aug 27, 2018 5:47 PM | Report Abuse

Q2Q up 139% & Y2Y up 190%: 2 cents dividend declared. Payment date is 26th Oct. No news on special dividend as the deal is not sealing yet.


Uncle_Lim
1158 posts

Posted by Uncle_Lim > Aug 27, 2018 6:27 PM | Report Abuse

will enter


Administrator
73 posts

Posted by Administrator > Aug 27, 2018 6:54 PM | Report Abuse

buy


Investeye
2201 posts

Posted by Investeye > Aug 27, 2018 8:36 PM | Report Abuse

As Gamuda also accepted the offer from Air Selangor. So, to get back the outstanding receivables is certain and hopefully a special dividend will declare very soon.


Investeye
2201 posts

Posted by Investeye > Aug 28, 2018 1:30 PM | Report Abuse

Taliworks’s 1HFY18 earnings of RM37.3m (-10% YoY) were within both our and consensus estimates. YTD core PATAMI decreased due to lower contribution from construction segment and share of losses from associate. Taliworks has accepted new O&M contract offer for SSP1 from Air Selangor and management guided that the whole water consolidation exercise should be completed by 1st January 2019 if everything goes on schedule. Settlement sum for outstanding receivables is about RM650m (54 cents per share) which is 8% higher than our original estimates. Maintained forecast. Maintain BUY rating with higher SOP driven TP of RM1.66 (from RM1.33) after we removed the 20% discount on our SOP valuation in view of clearer earnings prospect and potential of higher dividend
From HL Investment


Investeye
2201 posts

Posted by Investeye > Aug 28, 2018 1:35 PM | Report Abuse

CIMB Equities Research has upgraded Taliworks Corporation to an add with a higher target price of RM1.40 compared with 91 sen previously.

It said on Tuesday, the 90% recovery in receivables, though largely staggered over nine years, eliminates overhang on the stock.
Read more at https://www.thestar.com.my/business/business-news/2018/08/28/cimb-research-upgrades-taliworks-to-add-tp-rm1pt40/#mHUd73q1ZrORkBvI.99


johnny20
20 posts

Posted by johnny20 > Aug 28, 2018 1:44 PM | Report Abuse

stuck with warrant


bleuerouge
2915 posts

Posted by bleuerouge > Aug 28, 2018 3:53 PM | Report Abuse

muchass graciass taliwork !! big profit


smartly
5817 posts

Posted by smartly > Aug 28, 2018 3:59 PM | Report Abuse

huat liao.....tq taliwrk. i am out :) :) :)


Administrator
73 posts

Posted by Administrator > Aug 28, 2018 4:40 PM | Report Abuse

Nicely done


MY_ET
56 posts

Posted by MY_ET > Aug 28, 2018 4:45 PM | Report Abuse

great. hopefully can reach my average price 1.42 soon


Chik Chik
196 posts

Posted by Chik Chik > Aug 28, 2018 6:45 PM | Report Abuse

nice $$$
sold @ 1.31
buy back @ 1.33

great $$$$$


Why_
569 posts

Posted by Why_ > Aug 28, 2018 10:57 PM | Report Abuse

HLG keng? If buy call sure up?


john
357 posts

Posted by john > Aug 29, 2018 8:15 AM | Report Abuse

there is no sure in stock market


ZEPAN
609 posts

Posted by ZEPAN > Aug 29, 2018 12:46 PM | Report Abuse

New TP is RM1.66, still plenty of room to move.


Risk84
93 posts

Posted by Risk84 > Aug 29, 2018 9:35 PM | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : BONUS ISSUES TALIWORKS CORPORATION BERHAD ("TALIWORKS" OR THE "COMPANY") PROPOSED BONUS ISSUE OF UP TO 967,591,160 NEW ORDINARY SHARES IN TALIWORKS ("TCB SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 3 EXISTING TCB SHARES HELD ("PROPOSED BONUS ISSUE")
TALIWORKS CORPORATION BERHAD

Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
BONUS ISSUES
Description TALIWORKS CORPORATION BERHAD ("TALIWORKS" OR THE "COMPANY")

PROPOSED BONUS ISSUE OF UP TO 967,591,160 NEW ORDINARY SHARES IN TALIWORKS ("TCB SHARES") ("BONUS SHARES") ON THE BASIS OF 2 BONUS SHARES FOR EVERY 3 EXISTING TCB SHARES HELD ("PROPOSED BONUS ISSUE")

The Board of Directors of the Company (“Board”) wishes to announce that the Company proposes to undertake a bonus issue of up to 967,591,160 Bonus Shares on the basis of 2 Bonus Shares for every 3 existing TCB Shares held on an entitlement date to be determined and announced later by the Board of the Company (“Entitlement Date”).

Please refer to the attachment for the further details on the Proposed Bonus Issue.

This announcement is dated 29 August 2018.


Investeye
2201 posts

Posted by Investeye > Aug 29, 2018 11:36 PM | Report Abuse

The stronger wave is coming?

KUALA LUMPUR (Aug 29): Water treatment services provider Taliworks Corporation Bhd has proposed a two-for-three bonus issue.

The group said this will enable shareholders to have greater participation in its equity while retaining their percentage of equity interest held.

The bonus issue is also intended to increase the number of issued shares, which may potentially improve the liquidity, Taliworks said in a stock exchange filing.

The issuance of up to 967.59 million bonus shares, on the basis of every two bonus shares for every three existing shares, will be made on an entitlement date to be determined later, it added.

Taliworks said the bonus issue will be wholly capitalised from its share premium account at 20 sen per bonus share.

Given the maximum scenario, the group’s enlarged issued share capital after the bonus issue will comprise 2.42 billion shares.

The group expects the bonus issue is expected to be completed in the second half of 2018

Taliworks’ share price closed unchanged at RM1.35 today, for a market capitalisation of RM1.63 billion.


Ray Low
21 posts

Posted by Ray Low > Aug 30, 2018 1:02 AM | Report Abuse

Is good news?


edwardcwo
1 post

Posted by edwardcwo > Aug 30, 2018 10:16 AM | Report Abuse

What does this means “Taliworks said the bonus issue will be wholly capitalised from its share premium account at 20 sen per bonus share.”?


kakashit
1473 posts

Posted by kakashit > Aug 30, 2018 11:59 AM | Report Abuse

大力水手好棒棒,分红股意味着可以派更多股息。

这个行情,没有比股息更加靠谱的了。


jalanjalan
61 posts

Posted by jalanjalan > Aug 30, 2018 6:50 PM | Report Abuse

Bila kalau dapat bonus issues ini


thor85
88 posts

Posted by thor85 > Aug 30, 2018 8:35 PM | Report Abuse

bonus issue is a good news. u can hold until the bonus ex-date.


jalanjalan
61 posts

Posted by jalanjalan > Aug 31, 2018 2:18 AM | Report Abuse

I see.


Lee Francis
27 posts

Posted by Lee Francis > Aug 31, 2018 4:08 PM | Report Abuse

try to tailor your holdings to multiples of three...in that way you wont end up with odd lots...

31/08/2018 14:08


jalanjalan
61 posts

Posted by jalanjalan > Aug 31, 2018 8:08 PM | Report Abuse

How francis lee?


ZEPAN
609 posts

Posted by ZEPAN > Sep 1, 2018 7:39 AM | Report Abuse

Next week we may see Taliworks rise to around RM1.66, stay tuned.


jalanjalan
61 posts

Posted by jalanjalan > Sep 1, 2018 7:53 PM | Report Abuse

Hopefully


Chik Chik
196 posts

Posted by Chik Chik > Sep 2, 2018 11:59 PM | Report Abuse

gap up..


Lim Tek Wai
2389 posts

Posted by Lim Tek Wai > Sep 3, 2018 10:55 AM | Report Abuse

Strong momentum time to invest now.


Investeye
2201 posts

Posted by Investeye > Sep 3, 2018 4:27 PM | Report Abuse

Foresee able to crossover RM1.50 but RM1.60 will be a challenge..


magus
381 posts

Posted by magus > Sep 3, 2018 5:44 PM | Report Abuse

the bonus issue is attractive and the arrangement with splash for future work and repayment of debt also good for the stock. buy.


thor85
88 posts

Posted by thor85 > Sep 5, 2018 5:07 PM | Report Abuse

Taliworks also does not affected by trade war. Considered safe.


Chik Chik
196 posts

Posted by Chik Chik > Sep 6, 2018 6:40 AM | Report Abuse

tabung haji buy...
came n join them..


Jaya
1543 posts

Posted by Jaya > Sep 7, 2018 10:55 AM | Report Abuse

Magus
Buy buy buy


Lim Tek Wai
2389 posts

Posted by Lim Tek Wai > Sep 7, 2018 11:06 AM | Report Abuse

Very interesting stock ! Worth to invest tho

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