【PILECON 交流专区】新加入PN17大家庭的Pilecon。

ELZONE

看到有份报纸写这股不错，各位前辈有何高见？


http://www.nanyang.com/index.php?ch=7&pg=12&ac=805589

凭单专栏: 保强工程LA 高息折价交易债券 2008/01/14 15:01:50
温世麟硕士


保强工程LA（PILECON-LA，4073LA）是保强工程（PILECON,4073，主板建筑股）在2006年12月发行的不可赎回可转换债券。


该债券是当时陷入PN17地位的保强工程，为了解决本身财务问题，而发行给银行及金融机构的债券。

由于部分前债主为了套现而宁愿折价出售，保强工程LA目前的价位只有26仙，仅相当于其每单位50仙面值的48％，也比股票转换率折了23％。

保强工程是家建筑及产业发展公司，它也通过联号公司持有柔佛州的净水厂营运权。

过去一年，该公司为了解决一些债务问题而出售资产，这使得保强工程的盈利在2007年首三季获利接近1600万令吉，而截至2007年9月30日，该公司的每股净资产达71仙。

值得一提的是，该公司大股东在一年前为了解决公司财政困境，而通过附加股以每股50仙注入超过6000万现金。由于该项附加股认购率偏低，大股东的股权也大幅度增加到43%。

保强工程一家子公司最近也呈上另外一项债务重组计划。根据该项建议，债主将注销70％债务，以便获得即时偿还剩余债务。若此项建议获得通过，保强工程可减少3200万令吉的债务，这将可进一步强化公司的财务表现。

在柔佛新山、雪州安邦及马六甲的产业发展计划推出后，保强工程的营业额有望获得提升。

由于目前保强工程LA的折价相当不错，再加上每年利息有两仙半，投资该公司的债券比起股票来看是更划算。

投资者或许应该趁着目前有债券银行抛售此债券时，考虑买进这债券。至少现有股东们就应该“舍母取子”，把手上母股卖出，买进利息高的可转换债券。

[ 本帖最后由 Mr.Business 于 1-4-2008 12:05 PM 编辑 ]

cocoloco

不值得，公司业绩不好

ELZONE

但怕好的时候就不是这个价位了。。。请问现在它的市场价是０。２４per单位而它会给０。０２５分per单位，那么年利息是０。０２５／０。２４x１００＝１０。４１

假如真的有１０。４１年利的话是否买得过？？

LA好象比FD＆信托值得。

ELZONE

有人有高见吗？？给一点tips。

ELZONE

是不是公司内部出了问题？

我会飞

我去买了10  lots x 0.150 :@ :@ :@  

有够笨的说。。。看外盘很大。。。结果被骗了。。

leslie79

烂股差不多都是10多仙左右的啦！

king1892

原帖由 ELZONE 于 1-4-2008 11:30 AM 发表
是不是公司内部出了问题？

....問題嚴重得不得了。

1.Financial Year end net profit decreased 82.60%

2.Default in payment

3. SC給他一個PN17

結合這三條，就幾乎可以篤定他很大可能將會成為第二個Megan了...

[ 本帖最后由 king1892 于 1-4-2008 11:47 AM 编辑 ]

ELZONE

我先前也买了不少。。。。现在变成大螃蟹了。

mastercode

PN17

FIRST ANNOUNCEMENT PURSUANT TO AMENDED PRACTICE NOTE 17/2005

PILECON ENGINEERING BERHAD -FIRST ANNOUNCEMENT PURSUANT TO AMENDED PRACTICE NOTE 17/2005 ("FIRST ANNOUNCEMENT") SUMMARY Pursuant to the Amended Practice Note No. 17/2005 ("PN17") and Paragraph 8.14C of the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”), the Board of Directors of Pilecon Engineering Berhad (“Pilecon” or “the Company”) wishes to announce that Pilecon is classified as an Affected Listed Issuer, as the Company defaulted in its payment as announced pursuant to Practice Note 1/2001 on 28 March 2008 and the Company is unable to provide a solvency declaration to the Bursa Securities, triggering criteria 2.1(f) of PN17 (“the First Announcement”). You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com .

slayer_boxer

最近很多pn17 , 上次的。。。应该是idaman

危险。。。。。

loong81

前2天的成交量不错，想必不少人进场吧。。。

publicpang

已经被打入冷宫。。。。冷藏。。。

ELZONE

这样就大问题了。。。。

king1892

原帖由 ELZONE 于 1-4-2008 11:50 AM 发表
这样就大问题了。。。。

欠錢沒錢還...證券委員會給他一個PN17，並要在8個月內提呈重組計畫...不然就是除牌。

jeffreylim23

原帖由 我会飞 于 1-4-2008 11:33 AM 发表
我去买了10  lots x 0.150 :@ :@ :@  

有够笨的说。。。看外盘很大。。。结果被骗了。。

冷过水了.... .....LIST PN17....

publicpang

何止大问题。。。简直要你命。。。。

今天开始。。。马股又多了一只烂股。。。共大家选择。。

Mr.Business

原帖由 ELZONE 于 15-1-2008 01:55 PM 发表
http://www.nanyang.com/index.php?ch=7&pg=12&ac=805589

凭单专栏: 保强工程LA 高息折价交易债券 2008/01/14 15:01:50
温世麟硕士

。。。。。。
投资者或许应该趁着目前有债券银行抛售此债券时，考虑买进这债券。至少现有股东们就应该“舍母取子”，把手上母股卖出，买进利息高的可转换债券。

原帖由 ELZONE 于 16-1-2008 09:33 AM 发表
但怕好的时候就不是这个价位了。。。请问现在它的市场价是０。２４per单位而它会给０。０２５分per单位，那么年利息是０。０２５／０。２４x１００＝１０。４１

假如真的有１０。４１年利的话是否买得过？？

LA好象比FD＆信托值得。.

可悲啊，硕士博士的话不能乱听，自己要分析才行呀。。。

General Announcement

Reference No PE--080328-7C176

Company Name	:	PILECON ENGINEERING BERHAD
Stock Name	:	PILECON
Date Announced	:	28/03/2008

Type	:	Announcement
Subject	:	Pilecon Engineering Berhad ("Pilecon" or "Company") - Default In Payment Of Interest And Principal Due On 28 March 2008 In Respect Of Redeemable Convertible Secured Loan Stocks ("RCSLS") AndProposal To Address The Default
Contents	:	Pilecon had on 29 December 2006 issued RM120 million nominal value of 5% redeemable convertible secured loan stocks (“RCSLS”) at 100% of the nominal value. RM10 million of the RCSLS had been redeemed on 6 April2007. Accordingly, RM110 million nominal amount of the RCSLS remainoutstanding (“the Outstanding RCSLS”). RM25 million nominal amount of the RCSLS (“Second Series of RCSLS”) aredue for redemption on 28 March 2008. Coupon payment of RM2.27 millionon the Outstanding RCSLS due on 28 September 2007 and 28 March 2008respectively. Pursuant to Practice Note 1/2001, the Board of Directors of Pileconwishes to announce that the Company has defaulted on its Coupon Paymentand redemption of the Second Series of RCSLS on its redemption date.The Company is pleased to provide the following details in compliancewith Section 3.1 of the Practice Note 1/2001 of the Bursa MalaysiaListing Requirements.
Announcement Details : 1.0        Reason for default in payments The redemption of the RCSLS is to be funded substantially from the disposalof Company’s non-strategic assets and internally generated funds.However, the Company was unable to dispose its non-strategic assets atreasonable market price. Inaddition, the Company was facing severe cashflow situation as itsexpected cash receipt by way of dividend from its major associatecompany did not materialise and the low take up rate of its jointventure property development projects undertaken. Hence, the couponpayment sum to be funded by internally generated funds could not be met. 2.0      Measures by the Company to address the default in payments         The Company had on 5 March 2008 held a meeting with the RCSLS holdersand the Trustee with a view to restructure the RCSLS repayment. Aproposal was tabled to restructure the repayment of the Coupon Paymentsand Principal Amount for the consideration of the RCSLS Holders("Proposal"). The RCSLS Holders have expressed that subject to theapproval of their respective credit committee and further subject toadditional terms to be agreed upon by all parties, are prepared toconsider the Proposal. The discussion is still on-going and thedecision on the Proposal is still pending. 3.0    Financialand legal implications in respect of the default in payments, includingthe extend of Pilecon’s liability in respect of the obligationsincurred under the agreements for the indebtedness Pursuantto the Trust Deed dated 6 November 2006 constituting the RCSLS ("TrustDeed"), the Trustee may, and if so directed by a special resolution ofthe RCSLS Holders shall, declare an event of default whereby allOutstanding RCSLS shall become immediately due and repayable at theirnominal value together with accrued interest and the Trustee may callupon all other instruments issued in respect of the Company’s Scheme ofArrangement. By virtue of the Proposal, the Trustee has not beendirected to declare an event of default on the Company. 4.0        Inthe event the default is in respect of secured loan stocks or bonds,lines of action available to the guarantors or security holders againstthe Company Pursuantto Clause 8A.1 of the Trust Deed, the default may be remedied by wayof  realisation of the security under any of the Security Documents asthe Trustee may think fit against the Company to enforce payment of allamounts due and payable under the Trust Deed and Security Documents. 5.0        Inthe event the default in payments is in respect of payments under adebenture, to specify whether the default will empower the debentureholder to appoint a receiver and manager Not applicable. 6.0        Whetherthe event of default constitutes an event of default under a differentagreement for indebtedness (cross default) and the details thereof,where applicable Shouldan event of default declared on the Company as mentioned under item 3.0above, it will also constitute an event of default under the trust deedin respect of the Company’s RM58,483,707 million nominal value of5-year 5% Irredeemable Convertible Unsecured Loan Stocks (“ICULS”). 7.0        Solvency Declaration TheBoard of Directors of Pilecon are of the opinion that Pilecon isinsolvent, as it is unable to pay all its debts in full within a periodnot exceeding twelve (12) months from the date of this announcement. Other Information TheCompany shall update on a monthly basis on the current status of thedefault and the steps taken to address the default until such time whenthe default is remedied.

[ 本帖最后由 Mr.Business 于 1-4-2008 12:10 PM 编辑 ]

我会飞

原帖由 jeffreylim23 于 1-4-2008 11:54 AM 发表


冷过水了.... .....LIST PN17....

耶。。。。0.115卖出了。。。

我check他的general info ...eps = 4.23 sen...鸡蛋糕。。。原来是还没有update 。。

投机不成变投海。。。

jeffreylim23

原帖由 我会飞 于 1-4-2008 12:37 PM 发表


耶。。。。0.115卖出了。。。

我check他的general info ...eps = 4.23 sen...鸡蛋糕。。。原来是还没有update 。。

投机不成变投海。。。

还好啦...才亏RM35...幸好你不是LOG IN 100LOTS....... .奇怪是,为甚么还有人LOG IN...一定是电脑SET 了价..还不知甚么事情发生...