US$100 mil contracts?

My Dearest Moo Moo Cow,

Sometimes I really wonder how easy it is to win US$100 million contracts!

Take this article posted on Star Bizweek, US$100mil contract for Mesdaq's Daya Materials.

• LITTLE-KNOWN Mesdaq-listed Daya Materials Bhd is close to securing a US$100mil (RM350mil) contract from national oil company Petroliam Nasional Bhd (Petronas). The contract is for Daya Materials to supply catalyst to Petronas’ oil refineries.
  
  Daya Materials is in the process of acquiring Seca Dyme Sdn Bhd, a company that is currently in talks with Petronas to secure the contract. Daya Materials has been in talks to acquire Seca Dyme from Datuk Mazlin Md Junid and Datuk Muhammad Junid Mohammad Yusof for RM24mil since August last year.

So the reporter, Jose Barrock is saying that this company, this little-known Mesdaq company, Daya Materials in in talks to acquire this company called Seca Dyme for rm24mil.

And what's interesting in this Seca Dyme is that the company is close to securing a US$100 mil contract from Petronas!

WOW!

So easy to make money eh?

Say why don't you my dearest Moo Moo Cow offer rm30 mil for this Seca Dyme???

And the reports then continues..

• For the financial year ended December 2006, Daya Materials posted a net profit of RM2.9mil on the back of RM29.3mil in sales. In its notes, which accompany its financials, company officials state that with some RM30bil allocated for transmission, distribution and rural electrification under the 9MP, the outlook for the polymer industry, Daya Materials included, seems bright.

Exactly! Daya Materials made only 2.9 million! Which is less than 1 million USD!

And isn't this why Daya Materials is so little known?

And what do you think of the reporter usage of the title, "US$100mil contract for Mesdaq's Daya Materials"??

!!!!

Yeah, yeah I thought so too!