Highlights
KLSE: M&G (5078)       MARINE & GENERAL BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
0.045   0.00 (0.00%)  0.045 - 0.045  35,000
Analyze this stock with MQ Trader system

Financials


Market Cap: 33 Million

Market Cap 33 Million
NOSH 724 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 30-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 30-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  31-Jan-2020 [#3]

Latest Quarter: 31-Jan-2020 [#3]
Announcement Date 26-Mar-2020
Next Quarter: 30-Apr-2020
Est. Ann. Date: 26-Jun-2020
Est. Ann. Due Date: 29-Jun-2020
QoQ | YoY   9.14%  |    - %

Annual (Unaudited) ( EPS: -10.55, P/E: -0.43 )

Revenue | NP to SH 232,753  |  -76,348
RPS | P/RPS 32.15 Cent  |  0.14
EPS | P/E | EY -10.55 Cent  |  -0.43  |  -234.38%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.12  |  0.37
YoY   - %
NP Margin | ROE -47.45%  |  -85.61%
F.Y. | Ann. Date 30-Apr-2019  |  26-Jun-2019

T4Q Result ( EPS: -7.48, P/E: -0.60 )

Revenue | NP to SH 174,893  |  -54,133
RPS | P/RPS 24.16 Cent  |  0.19
EPS | P/E | EY -7.48 Cent  |  -0.60  |  -166.18%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.09  |  0.53
QoQ | YoY   0.14%  |    -377.95%
NP Margin | ROE -42.37%  |  -87.57%
F.Y. | Ann. Date 31-Jan-2020  |  26-Mar-2020

Annualized Result ( EPS: -5.83, P/E: -0.77 )

Revenue | NP to SH 211,581  |  -42,161
RPS | P/RPS 29.23 Cent  |  0.15
EPS | P/E | EY -5.83 Cent  |  -0.77  |  -129.43%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -2.42%  |    - %
NP Margin | ROE -26.68%  |  -68.20%
F.Y. | Ann. Date 31-Jan-2020  |  26-Mar-2020


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Click here to modify the Visible Columns.

Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Apr-2020 26-Mar-2020 31-Jan-2020 3 50,336 -13,358 -13,900 -11,038 - 61,819 - % -27.61% -17.86% 723,878 6.95 6.95 -1.52 -1.52 0.00 0.00 0.0854 0.09   9.14%   - % 31-Jan-2020 0.075 1.08 -4.92 0.88 -20.33% 0.00% 26-Mar-2020 0.055 0.79 -3.61 0.64 -27.72% 0.00%
30-Apr-2020 31-Dec-2019 31-Oct-2019 2 54,842 -15,465 -15,416 -12,149 - 72,677 - % -28.11% -16.72% 723,878 7.58 7.58 -1.68 -1.68 0.00 0.00 0.1004 0.10   -44.05%   - % 31-Oct-2019 0.07 0.92 -4.17 0.70 -23.98% 0.00% 31-Dec-2019 0.075 0.99 -4.47 0.75 -22.38% 0.00%
30-Apr-2020 20-Sep-2019 31-Jul-2019 1 53,508 -12,924 -13,015 -8,434 - 82,884 - % -24.32% -10.18% 723,878 7.39 7.39 -1.17 -1.17 0.00 0.00 0.1145 0.11   62.54%   - % 31-Jul-2019 0.08 1.08 -6.87 0.70 -14.56% 0.00% 20-Sep-2019 0.07 0.95 -6.01 0.61 -16.64% 0.00%
30-Apr-2019 26-Jun-2019 30-Apr-2019 16,207 -31,771 -31,775 -22,512 - 89,181 - % -196.06% -25.24% 723,878 2.24 2.24 -3.11 -3.11 0.00 0.00 0.1232 0.12   -102.56%   - % 30-Apr-2019 0.085 3.80 -2.73 0.69 -36.59% 0.00% 26-Jun-2019 0.085 3.80 -2.73 0.69 -36.59% 0.00%
30-Apr-2019 27-May-2019 31-Mar-2019 46,526 -15,311 -15,337 -11,114 - 114,807 - % -32.96% -9.68% 723,878 6.43 6.43 -1.54 -1.54 0.00 0.00 0.1586 0.16   - %   40.40% 29-Mar-2019 0.095 1.48 -6.19 0.60 -16.16% 0.00% 27-May-2019 0.085 1.32 -5.54 0.54 -18.06% 0.00%
30-Apr-2019 31-Jan-2019 3 0 0 0 0 - - - % - % - % 723,878 - - 0.00 0.00 0.00 0.00 - -   - %   - % 31-Jan-2019 0.065 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Apr-2019 25-Feb-2019 31-Dec-2018 51,307 -394 -588 148 - 128,488 - % -1.15% 0.12% 723,878 7.09 7.09 0.02 0.02 0.00 0.00 0.1775 0.18   - %   100.10% 31-Dec-2018 0.06 0.85 293.46 0.34 0.34% 0.00% 25-Feb-2019 0.07 0.99 342.38 0.39 0.29% 0.00%
30-Apr-2019 31-Oct-2018 2 0 0 0 0 - - - % - % - % 723,878 - - 0.00 0.00 0.00 0.00 - -   - %   - % 31-Oct-2018 0.075 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2018 28-Nov-2018 30-Sep-2018 3 43,846 -16,844 -16,955 -11,474 - 128,271 - % -38.67% -8.95% 723,878 6.06 6.06 -1.59 -1.59 0.00 0.00 0.1772 0.18   - %   17.02% 28-Sep-2018 0.10 1.65 -6.31 0.56 -15.85% 0.00% 28-Nov-2018 0.075 1.24 -4.73 0.42 -21.13% 0.00%
30-Apr-2019 31-Jul-2018 1 0 0 0 0 - - - % - % - % 723,878 - - 0.00 0.00 0.00 0.00 - -   - %   - % 31-Jul-2018 0.12 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2018 23-Aug-2018 30-Jun-2018 2 40,422 -16,348 -16,430 -11,116 - 136,957 - % -40.65% -8.12% 723,878 5.58 5.58 -1.54 -1.54 0.00 0.00 0.1892 0.19   - %   -103.30% 29-Jun-2018 0.10 1.79 -6.51 0.53 -15.36% 0.00% 23-Aug-2018 0.115 2.06 -7.49 0.61 -13.35% 0.00%
30-Apr-2018 30-Apr-2018 0 0 0 0 - 167,071 - % - % - % 723,878 - - 0.00 0.00 0.00 0.00 0.2308 0.23   - %   - % 30-Apr-2018 0.105 0.00 0.00 0.45 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2018 31-May-2018 31-Mar-2018 34,446 -27,200 -27,739 -18,647 - 152,014 - % -80.53% -12.27% 723,878 4.76 4.76 -2.58 -2.58 0.00 0.00 0.2100 0.21   87.87%   -16.06% 30-Mar-2018 0.125 2.63 -4.85 0.60 -20.61% 0.00% 31-May-2018 0.11 2.31 -4.27 0.52 -23.42% 0.00%
31-Dec-2017 28-Feb-2018 31-Dec-2017 38,630 -231,310 -220,049 -153,701 - 166,492 - % -569.63% -92.32% 723,879 5.34 5.34 -21.23 -21.23 0.00 0.00 0.2300 0.23   -1,011.60%   -363.99% 29-Dec-2017 0.19 3.56 -0.89 0.83 -111.75% 0.00% 28-Feb-2018 0.17 3.19 -0.80 0.74 -124.90% 0.00%
31-Dec-2017 29-Nov-2017 30-Sep-2017 3 44,915 -24,102 -19,695 -13,827 - 312,842 - % -43.85% -4.42% 711,006 6.32 6.20 -1.94 -1.91 0.00 0.00 0.4400 0.43   -104.10%   16.87% 29-Sep-2017 0.235 3.72 -12.08 0.53 -8.28% 0.00% 29-Nov-2017 0.215 3.40 -11.06 0.49 -9.05% 0.00%
31-Dec-2017 29-Aug-2017 30-Jun-2017 2 37,815 -78,257 316,485 337,231 1,052 434,955 0.31% 836.93% 77.53% 701,541 5.39 5.22 48.07 46.59 0.15 0.15 0.6200 0.60   2,199.04%   2,092.15% 30-Jun-2017 0.47 8.72 0.98 0.76 102.28% 0.32% 29-Aug-2017 0.27 5.01 0.56 0.44 178.04% 0.56%
31-Dec-2017 23-May-2017 31-Mar-2017 1 30,701 -34,132 -24,619 -16,066 - 98,220 - % -80.19% -16.36% 701,572 4.38 4.24 -2.29 -2.22 0.00 0.00 0.1400 0.14   51.50%   -108.73% 31-Mar-2017 0.475 10.85 -20.74 3.39 -4.82% 0.00% 23-May-2017 0.485 11.08 -21.18 3.46 -4.72% 0.00%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 77,934 -65,036 -47,546 -33,126 - 112,291 - % -61.01% -29.50% 701,822 11.10 10.77 -4.72 -4.58 0.00 0.00 0.1600 0.16   -99.17%   - % 30-Dec-2016 0.34 3.06 -7.20 2.13 -13.88% 0.00% 28-Feb-2017 0.44 3.96 -9.32 2.75 -10.73% 0.00%
31-Dec-2016 23-Nov-2016 30-Sep-2016 3 35,835 -29,402 -24,108 -16,632 - 147,372 - % -67.28% -11.29% 701,772 5.11 4.95 -2.37 -2.30 0.00 0.00 0.2100 0.20   1.75%   - % 30-Sep-2016 0.355 6.95 -14.98 1.69 -6.68% 0.00% 23-Nov-2016 0.355 6.95 -14.98 1.69 -6.68% 0.00%
31-Dec-2016 30-Aug-2016 30-Jun-2016 2 41,231 -20,634 -21,444 -16,928 - 162,396 - % -52.01% -10.42% 702,406 5.87 5.70 -2.41 -2.34 0.00 0.00 0.2312 0.22   -119.93%   - % 30-Jun-2016 0.375 6.39 -15.56 1.62 -6.43% 0.00% 30-Aug-2016 0.39 6.64 -16.18 1.69 -6.18% 0.00%
31-Dec-2016 30-May-2016 31-Mar-2016 1 46,889 -7,294 -10,273 -7,697 - 178,640 - % -21.91% -4.31% 699,727 6.70 6.48 -1.10 -1.06 0.00 0.00 0.2553 0.25   -132.05%   - % 31-Mar-2016 0.39 5.82 -35.45 1.53 -2.82% 0.00% 30-May-2016 0.40 5.97 -36.36 1.57 -2.75% 0.00%
31-Dec-2016 26-Feb-2016 31-Dec-2015 4 58,796 -8,800 -9,192 -3,317 - 18,961,171 - % -15.63% -0.02% 705,744 8.33 8.12 -0.47 -0.46 0.00 0.00 26.8669 26.19   -202.37%   - % 31-Dec-2015 0.385 0.00 0.00 0.01 0.00% 0.00% 26-Feb-2016 0.425 0.00 0.00 0.02 0.00% 0.00%
31-Dec-2015 07-Dec-2015 31-Oct-2015 97,739 -302 -1,226 -1,097 - 18,749,992 - % -1.25% -0.01% 685,625 14.26 13.50 -0.16 -0.15 0.00 0.00 27.3473 25.90   - %   66.57% 30-Oct-2015 0.51 3.58 -318.75 0.02 -0.31% 0.00% 07-Dec-2015 0.455 3.19 -284.38 0.02 -0.35% 0.00%
31-Dec-2015 30-Sep-2015 3 0 0 0 0 - - - % - % - % 697,058 - - 0.00 0.00 0.00 0.00 - -   - %   - % 30-Sep-2015 0.48 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2015 29-Sep-2015 31-Jul-2015 112,822 6,745 6,655 4,740 - 19,171,696 - % 5.90% 0.02% 697,058 16.19 15.59 0.68 0.65 0.00 0.00 27.5037 26.48   - %   124.83% 31-Jul-2015 0.455 2.81 66.91 0.02 1.49% 0.00% 29-Sep-2015 0.495 3.06 72.79 0.02 1.37% 0.00%
31-Dec-2015 30-Jun-2015 2 0 0 0 0 - - - % - % - % 701,522 - - 0.00 0.00 0.00 0.00 - -   - %   - % 30-Jun-2015 0.485 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Jul-2015 29-Jun-2015 30-Apr-2015 3 115,586 -18,109 -18,384 -20,274 - 18,820,444 - % -15.91% -0.11% 701,522 16.48 15.97 -2.89 -2.80 0.00 0.00 26.8280 26.00   - %   -588.19% 30-Apr-2015 0.495 3.00 -17.13 0.02 -5.84% 0.00% 29-Jun-2015 0.485 2.94 -16.78 0.02 -5.96% 0.00%
31-Dec-2015 31-Mar-2015 1 0 0 0 0 - - - % - % - % 682,898 - - 0.00 0.00 0.00 0.00 - -   - %   - % 31-Mar-2015 0.49 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Jul-2015 27-Mar-2015 31-Jan-2015 2 103,548 -1,318 -2,363 -4,712 - 179,124 - % -2.28% -2.63% 682,898 15.16 14.30 -0.69 -0.65 0.00 0.00 0.2623 0.25   - %   35.09% 30-Jan-2015 0.525 3.46 -76.09 2.00 -1.31% 0.00% 27-Mar-2015 0.495 3.26 -71.74 1.89 -1.39% 0.00%
31-Dec-2015 31-Dec-2014 0 0 0 0 - - - % - % - % 537,868 - - 0.00 0.00 0.00 0.00 - -   - %   - % 31-Dec-2014 0.55 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Jul-2015 10-Dec-2014 31-Oct-2014 1 107,545 1,138 -358 -3,281 - 144,686 - % -0.33% -2.27% 537,868 19.99 14.86 -0.61 -0.45 0.00 0.00 0.2690 0.20   82.81%   47.95% 31-Oct-2014 0.85 4.25 -139.34 3.16 -0.72% 0.00% 10-Dec-2014 0.565 2.83 -92.62 2.10 -1.08% 0.00%
31-Jul-2014 30-Sep-2014 31-Jul-2014 4 74,387 12,374 14,582 -19,089 - 17,609,061 - % 19.60% -0.11% 491,984 15.12 10.28 -3.88 -2.64 0.00 0.00 35.7919 24.33   -547.96%   8.06% 31-Jul-2014 1.20 7.94 -30.93 0.03 -3.23% 0.00% 30-Sep-2014 0.86 5.69 -22.16 0.02 -4.51% 0.00%
31-Jul-2014 20-Jun-2014 30-Apr-2014 3 87,700 894 -191 -2,946 - 14,567,232 - % -0.22% -0.02% 469,910 18.66 12.12 -0.63 -0.41 0.00 0.00 31.0000 20.12   59.42%   -501.91% 30-Apr-2014 0.68 3.64 -108.47 0.02 -0.92% 0.00% 20-Jun-2014 0.97 5.20 -154.72 0.03 -0.65% 0.00%
31-Jul-2014 25-Mar-2014 31-Jan-2014 2 84,954 -3,030 -3,609 -7,259 - 0 - % -4.25% - % 472,307 17.99 11.74 -1.55 -1.00 0.00 0.00 0.0000 0.00   -15.17%   -468.48% 30-Jan-2014 0.72 4.00 -46.85 0.00 -2.13% 0.00% 25-Mar-2014 0.655 3.64 -42.62 0.00 -2.35% 0.00%
31-Jul-2014 16-Dec-2013 31-Oct-2013 1 94,448 -557 -1,849 -6,303 - 0 - % -1.96% - % 419,807 22.50 13.05 -1.51 -0.87 0.00 0.00 0.0000 0.00   69.64%   -323.59% 31-Oct-2013 0.38 1.69 -25.31 0.00 -3.95% 0.00% 16-Dec-2013 0.42 1.87 -27.97 0.00 -3.57% 0.00%
31-Jul-2013 20-Sep-2013 31-Jul-2013 4 72,563 8,215 6,252 -20,763 - 13,064,536 - % 8.62% -0.16% 411,481 17.63 10.02 -4.97 -2.87 0.00 0.00 31.7500 18.05   -2,932.61%   -722.30% 31-Jul-2013 0.375 2.13 -7.43 0.01 -13.46% 0.00% 20-Sep-2013 0.41 2.32 -8.13 0.01 -12.31% 0.00%
31-Jul-2013 26-Jun-2013 30-Apr-2013 3 93,823 4,594 2,892 733 - 21,248,854 - % 3.08% 0.00% 407,222 23.04 12.96 0.18 0.10 0.00 0.00 52.1800 29.35   -62.79%   -68.03% 30-Apr-2013 0.36 1.56 200.00 0.01 0.50% 0.00% 26-Jun-2013 0.40 1.74 222.22 0.01 0.45% 0.00%
31-Jul-2013 27-Mar-2013 31-Jan-2013 2 99,096 7,926 6,335 1,970 - 20,827,535 - % 6.39% 0.01% 386,274 25.65 13.69 0.51 0.27 0.00 0.00 53.9190 28.77   -30.12%   13.15% 31-Jan-2013 0.37 1.44 72.55 0.01 1.38% 0.00% 27-Mar-2013 0.38 1.48 74.51 0.01 1.34% 0.00%
31-Jul-2013 17-Dec-2012 31-Oct-2012 1 97,953 10,679 8,254 2,819 - 202,244 - % 8.43% 1.39% 380,945 25.71 13.53 0.74 0.39 0.00 0.00 0.5309 0.28   211.64%   228.90% 31-Oct-2012 0.35 1.36 47.30 0.66 2.11% 0.00% 17-Dec-2012 0.34 1.32 45.95 0.64 2.18% 0.00%
31-Jul-2012 28-Sep-2012 31-Jul-2012 4 86,820 4,925 14 -2,525 - 124,735 - % 0.02% -2.02% 388,461 22.35 11.99 -0.65 -0.35 0.00 0.00 0.3211 0.17   -210.12%   -32.06% 31-Jul-2012 0.38 1.70 -58.46 1.18 -1.71% 0.00% 28-Sep-2012 0.37 1.66 -56.92 1.15 -1.76% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Trade this stock with T+7 trading account. Find out more.
  10 people like this.
 
smetrader Time to buy
22/01/2019 10:12 PM
Nadayu 1st target 0.10
27/01/2019 4:37 PM
Nadayu strong buy
30/01/2019 9:44 AM
maelxpdc stanby semua..bakal mengoreng balik
07/03/2019 7:16 PM
ali Go go go
18/03/2019 10:27 AM
Eric6790 finish report so bad
28/05/2019 4:29 PM
gforce2 http://www.bursamalaysia.com/market/listed-companies/company-announcements/6200025

https://www.theedgemarkets.com/article/marine-general-unit-get-three-contracts-petronas-worth-rm209m

KUALA LUMPUR (June 24): Marine & General Bhd’s subsidiary Jasa Merin (Malaysia) Sdn Bhd has bagged three work awards from Petronas Carigali Sdn Bhd worth a total of RM20.9 million, for the provision of anchor handling tug & supply vessel.

In a Bursa Malaysia filing today, the group said the contracts, worth approximately RM6.98 million each, will last for six months with an option to extend by another six months.

It said the contracts are expected to contribute positively to the earnings of the group for the financial period ending April 30, 2020 (FY20).

===

1. This should add RM10.47m revenue per quarter.
2. Fleet utilisation has generally been on an upward trend based on Q results ... upstream 55%, 60%, 73.4%, 65% (latest quarter was lower due to repair/maintenance and monsoon season); average of 63%. 3 AHTS vessels will boost utilisation up to ~79%, assuming all other contracts still on.
3. Will we see a Q profit soon? Possibly in the last quarter 2019, assuming their new chemical tanker comes online.
24/06/2019 9:15 PM
gforce2 https://www.theedgemarkets.com/article/uem-sunrise-ni-hsin-masteel-marine-general-petchem-and-taliworks

Offshore support services provider Marine & General Bhd's unit has bagged a contract from Hess Exploration and Production Malaysia B.V. worth approximately RM12.9 million with an additional RM6.5 million for an optional extended term.

Marine & General said its subsidiary Jasa Merin (Malaysia) Sdn Bhd has been awarded the contract by Hess for the provision of one 120MT anchor handling tug supply vessel to support Hess' Malaysian drilling operations on July 11, 2019.

Marine & General said the contract, which commenced on July 11, is for a primary duration of 12 months, with an option for Hess to extend for an additional six months.
14/09/2019 8:14 PM
Albukhary Not bad result... Seem like the company is on the right track d.
20/09/2019 8:38 PM
Eric6790 hope as u said,
20/09/2019 9:02 PM
gforce2 https://www.theedgemarkets.com/article/marine-general-gets-vessel-supply-contract-petronas

KUALA LUMPUR (Oct 2): Marine & General Bhd (M&G) has bagged a contract by Petronas Carigali Sdn Bhd for the provision of a unit of anchor handling tug and supply vessel for the petroleum arrangement contractors (PACs) production operations.

M&G said the contract, received by Jasa Merin (Malaysia) Sdn Bhd, commenced on Sept 16 and has a duration of 709 days, with an option to extend the contract for a one-plus-one-year term.

“The contract and option, estimated to have a value of approximately RM17 million for the primary term, is expected to contribute positively to the earnings of M&G for the financial period ending April 30, 2020 and beyond,” it said in a filing with Bursa Malaysia.

===

1. That's another RM8.5m/yr in revenue (~ RM2.1m for the next quarter).
2. This should boost Upstream fleet utilization above 80%, assuming no other expiring contracts.
3. However, Upstream is still loss-making for M&G.
02/10/2019 8:23 PM
gforce2 https://www.theedgemarkets.com/article/marine-general-proposes-debttoequity-scheme-restructure-subsidiaries-whopping-borrowings

KUALA LUMPUR (Nov 27): Debt-laden offshore service vessel operator Marine & General Bhd (M&G) has proposed a debt-to-equity scheme that entails the issue of 1.5 billion new shares to restructure RM200 million of the total of RM923.2 million debts owed by its subsidiaries.

JMM has entered into three separate agreements with Affin Bank Bhd, Maybank Islamic Bank Bhd and Bank Pembangunan Malaysia Bhd (BPMB). Meanwhile, JMG 3 and JMG 4 have signed facility agreements with BPMB.

More info:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6352837

===

1. Reduced debt by RM200m. RM50m upfront paid out to banks, and the balance RM150m as preference shares redeemable over 10 years (but only once the outstanding dues have been settled).
2. This was one of my debt reduction ideas from 2018. At that point in time, it seemed unlikely. Market conditions have changed in 2019, so banks were more willing to negotiate on debt restructuring. As an added bonus, they are even willing to accept a conversion price of RM0.10 per M&G share!
3. There's a sizeable annual interest savings from this exercise, as well as a restructuring gain of RM24.1m. This puts M&G on the right path to return to profitability.

Caveat: 10 years later, the total number of shares goes up by 1.5b shares! (Factor of 3)
28/11/2019 3:09 AM
Albukhary Haha, found a new darling stock.
05/12/2019 10:41 PM
Albukhary Fleet utilisation rate increase, chartered rate increase, expected M&G to improve more quarter.

Maybe it cannot turn into profit, but at least the losses will be reduced substantially.

The debt restructuring plan in 2020 will reduce the interest expenses, and the high utilisation rate may allow company to written back the impairment loss that book into account earlier.
13/12/2019 9:58 AM
zhm540 what a sad story for a company which at one time had RM 365 mill cash after sale of SILK highway... but going into wrong business afterward.
13/12/2019 11:01 AM
Eric6790 u must know the management how to handle the company la
13/12/2019 4:35 PM
Albukhary Monitor it closely...
Too less volume, but can see got people collecting at 6.5-8sen level
19/12/2019 12:37 AM
Albukhary EGM passed all the resolution.
Once the restructuring plan done, hopefully M&G can sail up again.
This would be the next PERDANA.
02/01/2020 10:18 AM
Albukhary Dont get scare by its losses, the losses is mainly due to:-

1) Depreciation
2) Finance interest
3) Schedule docking
4) New ship yet to deploy

After restructuring, the interest will be lower.
After new ship deployed, revenue will be increase to cover its depreciation.

The cash flow is positive, very good sign for a turnaround company.
02/01/2020 10:20 AM
Eric6790 hope what u say can happen on this year
02/01/2020 5:04 PM
maelxpdc EBITDA RM31.2 MILLION, NCFO RM39.2 MILLION, WAITING FOR PPL TO GORENG ONLY
06/01/2020 10:06 AM
Albukhary If ALAM can move, impossible M&G cannot move.
The only problem of M&G is 99% investor in the market don't even know it is a O&G company.
In fact, M&G subsidiary (Jase Merin) is one of the largest fleet player in Malaysia.
Its fleet size can fight with Alam, Perdana, Icon, Tas Offshore....etc.

The only problem is it high interest.. but after this round of debt restructuring, M&G now can move faster d
06/01/2020 11:00 AM
perangbrown Marine & General Bhd shareholders have today approved its debt-to-equity scheme to restructure RM200 million of its RM923.2 million debts owed by its subsidiaries.

Marine & General's 70 per cent-owned unit Jasa Merin (Malaysia) Sdn Bhd (JMM), and two other units namely JM Global 3 (Labuan) PLC (JMG 3) and JM Global 4 (Labuan) PLC (JMG 4), have agreed with Affin Bank Bhd, Maybank Islamic Bank Bhd and Bank Pembangunan Malaysia Bhd to restructure the outstanding facilities by JMM and its subsidiaries.
15/01/2020 2:51 PM
xox9989 Datasonic rises 3.38% to three-year high
TheEdge Thu, Jan 02, 2020 02:26pm - 1 week ago


KUALA LUMPUR (Jan 2): Shares of ICT solutions provider Datasonic Group Bhd rose as much as 3.38% this morning, reaching its highest level since October 2016.

At the noon break, Datasonic was up 1 sen or 0.68% at RM1.49, valuing it at RM2.01 billion.

In the last six months, the stock has more than doubled from 66 sen on July 2, 2019.

On Tuesday, its managing director Datuk Abu Hanifah Noordin ceased to be a substantial shareholder after selling off his remaining 4.96% stake in the group.

Datasonic's bourse filings showed Abu Hanifah had sold his remaining 66.92 million shares in the group via a direct business transaction to Datuk Razali Mohd Yusof, a director with Marine & General Bhd.

Since early December, Abu Hanifah has been observed to be disposing of his shares in Datasonic, including through his vehicle Gerbang Subur Sdn Bhd. Prior to this, Abu Hanifah was the single largest shareholder of the company.
15/01/2020 10:42 PM
xox9989 Dsonic share price break new high due to M&G director Datuk Razali become substantial shareholder. Will M&G stock also goreng up ?
15/01/2020 10:45 PM
Albukhary M&G volume so low, if really goreng, 2 day can reach RM0.20
16/01/2020 3:03 PM
Albukhary I like stock where turn from loss to profit.

Once the Debt Restructuring Scheme completed, sure this counter will fly.

TP: 20 sen
16/01/2020 6:52 PM
Albukhary Perdana, Alam, Hubline, M&G come
17/01/2020 2:52 PM
Albukhary Old News....

KUALA LUMPUR (Oct 2): Marine & General Bhd (M&G) has bagged a contract by Petronas Carigali Sdn Bhd for the provision of a unit of anchor handling tug and supply vessel for the petroleum arrangement contractors (PACs) production operations.

M&G said the contract, received by Jasa Merin (Malaysia) Sdn Bhd, commenced on Sept 16 and has a duration of 709 days, with an option to extend the contract for a one-plus-one-year term.

“The contract and option, estimated to have a value of approximately RM17 million for the primary term, is expected to contribute positively to the earnings of M&G for the financial period ending April 30, 2020 and beyond,” it said in a filing with Bursa Malaysia.
18/01/2020 3:19 PM
Albukhary Old News...

KUALA LUMPUR: MARINE & GENERAL BHD shareholders approved its proposed debt restructuring, recapitalisation and funding of its main operating subsidiary, Jasa Merin (Malaysia) Sdn Bhd (JMM) and its affected subsidiaries.

In a statement issued after the EGM on Tuesday, the company said the shareholders approved the proposed issuance of 1.5 billion new ordinary shares in M&G at the issue price of 10 sen per share amounting to RM150mil.

This was upon the surrender of 150 million irredeemable preference shares of RM1 each in JMM.

The company also received the go-ahead to subscribe up to 150 million new cumulative non-convertible redeemable preference shares (CN-RPS) in JMM for RM150mil.


To recap, JMM and its subsidiaries had on Nov 27 this year entered into agreements to restructure their outstanding facilities to their banks totaling RM923.2mil.

The restructuring entailed an up-front cash payment of RM50mil to the banks; settlement of part of the outstanding debt amounting to RM150mil via the proposed issuance of JMM irredeemable preference shares; and granting to JMM and its affected subsidiaries additional time to settle the balance outstanding debt of RM723.2mil via a term financing.

Upon completion of the up-front cash payment to the banks and the proposed issuance of JMM irredeemable preference shares, RM200mil of the JMM Group’s outstanding debt shall be fully and irrevocably settled.

Marine & General said the RM723.20mil term financing would be settled in accordance with the terms and conditions agreed upon.

“Upon the issuance of the JMM irredeemable preference shares, the indebtedness of the JMM Group is reduced by RM150mil. This will result in interest savings of approximately RM7.65mil per annum based on the effective interest rate of the term financing of 5.1% per annum.

Furthermore, the exchange of the JMM irredeemable preference shares into new Marine & General shares will allow the group to preserve its cash position, as part of the debt owed by the JMM Group are to be settled via the exchange of new Marine & General shares and not cash.

Upon the completion of the proposals and full exchange of the JMM irredeemable preference shares, Marine & General's gearing level would be reduced from the current level of 10.9 times (based on audited figures as at April 30,2019) to 3.08 times.

Its executive chairman, Datuk Mohd Azlan Hashim said the company was pleased with the outcome of the EGM.

“It was a good turnout and the company got a good opportunity to explain the need to undertake the proposals presented for consideration. The company is pleased with the positive response from shareholders to the briefing provided, ” he said.


TAGS / KEYWORDS:
18/01/2020 3:20 PM
Albukhary PETALING JAYA: Datuk Razali Mohd Yusof, who emerged as a key shareholder in Datasonic Group Bhd last month, has upped his stake in the technology firm.

Razali’s vehicle, Demi Mekar Sdn Bhd now has a 6.45% stake in the group after acquiring an earlier 3.9% stake on Dec 18,2019.

Datasonic, in a filing to the stock exchange, stated that Demi Mekar had acquired 87,162,000 shares on Jan 2,2020.

Razali, who was recently appointed as Datasonic’s deputy president, also sits on the board of MARINE & GENERAL BHD, which is mainly involved in marine logistics in the upstream and downstream segments.

With over 25 years of experience in the mining and oil and gas industry, Razali has held many roles ranging from developing businesses, managing critical projects, organisational development and providing advisory and consultancy services.

It has been speculated that there could be a revamp in the group’s top management following the recent changes in its shareholding.

The group’s long-serving managing director Datuk Abu Hanifah Noordin is expected to step down.

A StarBizweek report, citing sources, said Razali or persons related to him will take over as the group’s new managing director.

“Razali and his related parties are increasing their stake in the company to get a better control, ” the source was quoted as saying.

On Dec 18, Abu Hanifah sold about 186.41 million shares or 48% of his total share units in Datasonic via direct business transactions.

Despite the disposal, Abu Hanifah is the single largest shareholder with 202.67 million shares in Datasonic.

This represented a direct and indirect shareholding of 10.17% and 4.84% respectively.
19/01/2020 2:48 PM
Albukhary Datuk Razali seem like a very geng businessman, if he can take control of Datasonic, then he sure will turnaround M&G
19/01/2020 2:49 PM
thesteward Agree with you Albukhary
19/01/2020 11:06 PM
Albukhary TP is 15sen before CNY
20/01/2020 10:42 AM
Albukhary The Board of Directors of Marine & General Bhd (“M&G”) is pleased to announce that its subsidiary, Jasa Merin (Malaysia) Sdn Bhd (“JMM”), received a work order award for the Provision of One (1) Unit of Anchor Handling Tug and Supply Vessel (“Contract”) for PETRONAS Carigali Sdn Bhd on 27 December 2019. JMM received the approval to release the announcement regarding the award on 21 January 2020.
22/01/2020 12:54 AM
Albukhary New contract secured from PETRONAS. Once again M&G proof its capability.
22/01/2020 1:19 AM
Albukhary First contract awarded in year 2020
22/01/2020 8:57 AM
RMSB Another dead wood
22/01/2020 6:55 PM
Albukhary Don't worry, M&G ship utilization is higher this quarter. Revenue sure will be higher.
22/01/2020 6:56 PM
maelxpdc @rmsb kindly justify your statement .i see otherwise
23/01/2020 10:31 AM
RMSB Good luck and I like your optimism maelxpdc.
26/01/2020 10:36 AM
seng0326 This counter like dying... No trade at all
04/02/2020 9:56 AM
OMR@obm_4558 Mati syusah .... hidup pun syusah looo.....
04/02/2020 10:01 PM
seng0326 when is the quarter report out for this company?Anyone know
20/02/2020 9:52 PM
seng0326 Is this politic related counter? Suddenly link to PM
01/03/2020 10:19 PM
seng0326 Go go go m&g..
02/03/2020 11:59 AM
Eric963708 maybe related on new government so today active
02/03/2020 12:26 PM
seng0326 Back to dead water again.. Low volume
03/03/2020 11:41 AM
seng0326 https://www.klsescreener.com/v2/news/view/646090
Stillbgood company awaiting to breakthrough
04/03/2020 8:24 AM
OMR@obm_4558 Org naik kita turun _ org turun kita lagi turun.....
20/03/2020 2:47 PM