If invest mid/long term. Good to study their future project oso . Cannot just say just becos a VVIP dah masuk, pasti rocket up non stop. ( realistic?)

Yes, Can happen in bolehland but a serious investor must oso be analytical & rational. Betul Tak? If u orang kata punting, $ dah pun masuk pocket last Fri lol. ! Kikikik... Sell on news mah.

My focus is next few weeks/mid term, good prospect or not? I may go in again next week....kikikikkkk

Ok guys, keep sober . Dun be too carried away. Kikikk.... This news, u guys dah baca belum? Any comments? Good or bad - to acquire & issue new shares?
http://www.thestar.com.my/Business/Business-News/2014/07/12/Sumatec-to-buy-Kazakhstan-firm-Borneo-Energy-has-interests-in-Buzachi-oi/

Posted by AyamTua > Jul 13, 2014 11:32 AM | Report Abuse

anak mahathir dalam kencana
brother najib dalam sumatec
tak payah buat analisis kasi pening kepala
memang naik chantek chantek

cun cun sui sui bo ... kikikikiii
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Wah, AT lepas lepas geram, berpantun-pantun! Kikikikk! Maciam ada sikit mood swing! Fam x kiss kiss u hari ni ya? Tapi Tak lengkap tu pantun. Jib kor ada 1 lagi bro, u tertinggal. Hint, hint: Next wk Akan naik punya ctr leh.... Kikikik....

If Mother is 0.6, LA should be 0.075. ( 0.075 x 8 = 0.6)

Yes, wait n c lor. No 1 can b absolutely sure unless u r d shark itself lol! . Kikikik....

Sell factory/land? Meaning what? Sell all & left with nothing.?! or sell part of their excess baggage?
I like fit n trim operation. If not in property, & not using land - no point hold land .

ICULS conversion may dampen Ire-Tex
By Alan Voon
Friday, 27 Jun 2014, 12:22 AM

Packaging solution provider Ire-Tex Corp Bhd had recently completed its rights issue of 470 million units of irredeemable convertible unsecured loan stocks (ICULS) at its nominal value and issue price of 7.5 sen per ICULS. This exercise was carried out based on four units of ICULS for every ordinary share held. Subscribers of the rights issue were also given one free warrant for every eight units of ICULS subscribed. The rights issue of ICULS was almost 30% oversubscribed and managed to raise RM35.25 mil for Ire-Tex.

Ire-Tex reported a net profit of RM7.1 mil in the first quarter ended March 31, 2014 compared with RM320,000 for the same period last year. This was despite revenue suffering a significant drop to RM23 mil from RM27.4 mil previously.

When Ire-Tex ICULS (Iretex-LA) and warrant (Iretex-WA) were first listed on June 16, confusion over the exercise and conversion terms of Iretex-LA created a big opportunity for arbitraging for the shareholders of Ire-Tex. While subsequent buying interest of Iretex-LA have narrowed the conversion discount of Iretex-LA, the ICULS is still trading at a much cheaper valuation than Iretex-WA.

Iretex-LA is a warrant-like instrument that also allows its holders to “exercise” the loan stock into mother share by paying up in cash. The conversion price of Iretex-LA is actually 60 sen and holders can either convert to the mother share by tendering eight units of Iretex-LA with a nominal value of 7.5 sen or at least one unit of Iretex-LA together with the balance in cash.

This effectively turns Iretex-LA into a warrant with an exercise price of 52.5 sen when ICULS holder “exercise” into mother share by tendering one unit of Iretex-LA worth 7.5 sen in nominal value and paying the balance 52.5 sen in cash.

With Iretex-LA still trading at a discount to the mother share, some savvy traders may buy up the ICULS and exercise into the mother share. Ire-Tex had in fact listed 5.08 million shares arising from conversion of ICULS on June 25.


For the full story, please subscribe to Focus Malaysia.
- See more at: http://www.focusmalaysia.my/Markets/ICULS-conversion-may-dampen-Ire-Tex#sthash.4eMgMJBk.dpuf

Posted by FX Lee > Jul 12, 2014 04:07 PM | Report Abuse

When Ire-Tex ICULS (Iretex-LA) and warrant (Iretex-WA) were first listed on June 16, confusion over the exercise and conversion terms of Iretex-LA created a big opportunity for arbitraging for the shareholders of Ire-Tex. While subsequent buying interest of Iretex-LA have narrowed the conversion discount of Iretex-LA, the ICULS is still trading at a much cheaper valuation than Iretex-WA.
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Like I said, it's a good deal, if u rationally think about it. Why d panic selling, I simply cannot understand. Crowd mentality, I supposed. Ppl throw, other follow suit. Like bank run. Someone spread a vicious rumour, the masses panic n all rush to withdraw fr the bank causing a normally healthy bank to collapse.

Dun think I will convert la to mother oso. Mother up, LA oso up. Why bother!

Posted by oldman1010 > Jul 11, 2014 02:26 PM | Report Abuse

This is the time to make big money, now LA is 0.065, 8 x LA can exchange for 1 mother, mother is now 0.585. 8 x LA = 8 x 0.065 = 0.520, you make 0.065 with every 8 x LA. The only thing you have to watch out is. if you buy and convert today, make sure that when the conversion is ready after 2 weeks, mother don't drop to below 0.520, that's all ! If you want to do it, to it fast ! See how many people are buying today ?
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Been thinking and have been discussing with my Remisier over the phone.

If we were to do the math, current LA market price is a bargain. Can buy. Dun understand the fuss? Too cheap or what? Kikikik.... Mother will surely go up, with that LA. Buy oledi, good lol. Keep n wait for profit lol. ( If u r punting, another story la.... Maybe cannot naik to 10-15 sen in 4 days..kikikk.).

I think I will buy on Monday. join u guys! ;)

;)

Next week should do well.

July is a down month. Got $ really can buy at rock bottom price for many ctrs! ;)

Cimb joined merger last minute. Originally they were not in d picture, according to the reports. Wonder why they suddenly r in .... Anyone knows?

Dun know la Ant.... Stock market difficult to predict. Always opp. of what we expect. If this stock is for long term investment, tak kisah temporary drop la.... Shouldn't everday monitor kikikik... I drop by to chat with u guys only. Not that concern about this stock per se. Kikikk I really believe satu hari it will betul-betul rocket up wan!

Posted by Cweed > Jun 1, 2014 01:40 PM | Report Abuse X

Usually their AGM was held in Nov.
Anyway, I found this announcement at bursa announcement :


Further to the Company's announcement made on 10 February 2014 in respect of the MOA between YFGE, a wholly-owned subsidiary of the Company and PT Impha in relation to the appointment of YFGE as the contractor by PT Impha to construct and build a 12MW Hydro Power Plant at Cimandiri, Lebak in the province of Banten, Indonesia (“the Proposed Project”), we wish to update Bursa Malaysia Securities Berhad that the design drawings of the Proposed Project is currently pending approval from the local authorities in Indonesia.

This announcement is dated 12 May 2014.

Who is Donald Lim?

speakup CIMB is the loser in this merger. RHB & MBSB are winners in this merger.
11/07/2014 17:22
--- Why Cimb bothers to go ahead with the merger if it's not to their advantage?

This ctr will only move after it gets approval from Indonesian authority.... Wait lol. Not a trading share. Really gotta wait...... :(

Huhuhuhuh! But never mind! I just checked the chart, Should recover in no time! As if nothing happened today! All is good! ;)

WC is just 1 event. Condom market is ever growing 1, doesn't really depend on WC ( which is once every 4 yrs).
Having said that, during WC sales was veli veli d gud & with tat d qtrly report sure as gud! D rally can happen anytime after WC!!! Have faith mah in our investment! ;)

Aiyoyoyo, CA at 0.085 oso u all sell! Huhuhuhuh! What la! I wished I was around then - sell to me , sell to me!

1 sen, I sapu ka liao! Kikikik... Dun panick lah ppl. The sky has not dropped. Why simply throw good $ away? Ppl throw, u throw - dunno why oso! Funny la!

Hold. Dun punt during such market climate. Today Karex lost 18 sen due to panic selling. ( no reason oso. Factory ok, product ok. Haizzzz ! Sad!) The other day, similar hysteria hits Century. :(

X
Cweed lulhunter Time to collect!
11/07/2014 17:10
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I din know can top up this cheap. Mon will go on shopping spree ! Kikikik!

U guys should see how bad Iretek LA got affected. The other day was Century.... Terrible downsell!

Best strategy is invest, dun punt, dun panic. Yr shares will still be around when the storm passes. The co still very d fine...d condom too... Why panic n throw? Must not be emotional when investing lol.... Stock market is like that. Volatile. Unexpected. This is middle of July some more! Down month.

Keep cool. And everything will be fine. ;)

Ant
622 posts
Posted by Ant > Jul 11, 2014 04:44 PM | Report Abuse

today I loss a lot of money...
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Aiyoyoyo Ant, u play contra? This type of market climate, cannot play contra one... Must have real cash to pick up shares .... U know yesterday DJI went down 70 pts & today bursa -9 pts? Oledi they said today got correction .... Huhuhuhuh.,.

U suffer paper loss or real loss at this ctr or other ctrs?

Buy on weakness. Buy, hold. Will sure up ! Have confidence! Huat huat hurray!

Daya tahan, look @ other ctrs, most down, ppl throwing like crazy. This ctr consider stable oledi. Dun complain la... Sama-sama Sabar, sama-sama huat huat nanti, ok? ;)

Dun panick lah ppl! Kikikk..,. Most counters r down, n ppl r throwing there oso, dunno why.... Maybe contra buyers kut... Invest. Dun play contra. This ctr good ctr :) If not confident, shouldn't have bot in d1st place :).

Relax lah. Hold. Invest. Top up on weakness. Sure win strategies. ;)

Oldman1010, if u want to help ppl who bot LA, pls cut n paste yr comments to Iretek- LA thread. Ppl r panicking, all selling cheap cheap tak tentu arah!

I wrote this at Iretex thread at 11/07/2014 12:40

Cweed
I asked my Remisier, he says no bad news woh.... Maybe retail buyers panic, ppl throw they oso throw! May I suggest those who are holding LA to stay calm. Dun sell. See what happen in the afternoon.

Insanity, yr link can't open la.... I'm helping u 2 attach again here.
http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=1052841

Are u suggesting IRIS is gets it?! ;)

Engine oledi warming up this morning! Kikikik!

oldfox now mamee also cannot find,i cant buy my gem 0.06
11/07/2014 09:27
--- u still holding LA? Keep yr gem la... In due time, after panic attack is over, will go up 1.... Keep cool. :).

Btw, check out Pensoni , today Sui Sui.... maybe u can find lunch there ;) . They say Raya stock wohhh... Buy & hold for abit. Kikikik... Trade at own risk....

I asked my Remisier, he says no bad news woh.... Maybe retail buyers panic, ppl throw they oso throw! May I suggest those who are holding LA to stay calm. Dun sell. See what happen in the afternoon.

Ya, Ant, Got 1 oso Jia lat liao... Got 3 some more! But never mind, this karex is born in a Boleh land. Sure boleh kalah kan ALL banks! Karex boleh! karex boleh!

Ini announcement huh?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1681557

WA oso din drop. Why huh LA cirit birit! Very very curious? Ppl here give loan to company, n company do them in! Maciam Tak betui ni....

RHBcap n this counter only suspended? Osk not? How come?

D 1 tat hasn't go up la! Kikiki!

Oldfox u full time trader ya?

I tot just listed these wa & la... How can so fast vanish 1..

And Old fox, I tot u say u kaki contra... In out veli fast, no need so scare mah...

Matrix6050, thanks for the info! ;)

I think huh after WC only it will come... Or when Quarterly report is out.... Proof that sales is superb - in black n white!

How come osk naik so much but this ctr tarak naiK? Very curious.

Wah! Went up so high oledi! Still can buy huh?

Cytew, n huh this Soh, good guy or bad guy? Wat he do?

Sales so good yet...... How can counter this muda mati pucuk ?! Haven't even beranak itu co warrant... Cannot accept! Must come soon! MUST!

Alamak, old fox bot! Maybe he should jump out then jump back in later? Kikiki!

When safe to jump in, u signal us ya cytew! ;)

B4 even I finish my research/ reading, morning comes. Then bursa buka, then LA continue to slide,then I just stand n stare dunno 2 jump in or not! Kikikik... Tell la in a few short sentences, cytew, these ppl ok or not? Not so good, I can choose other ctrs mah.... ;)

Old fox, huh.... Mind explaining why u love them that much!?