Chief Minister said if there were a need to resume exports of timber, it would be done through a state government-linked company (GLC).

“If there were exports of logs, the volume should not be huge because we want to utilise them for downstream (activities) and this should be confined to a special vehicle like Yayasan Sabah and not other parties.

“Let the GLC do the job, no longer the private sector,” DOOMMMMMM!!

Widely published temporary ban in May & now Sabah mulling permanent ban on log exports...doommmm!

Get out while you still can folks. Doommmmmmmm!

0.030 in the making...Doommmm

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks. Doooommmmmm!!

Will there be light at the end of the tunnel? The clock is ticking. What is next..Doommm? Hmmmmmm

Doooommmmm!

Dooommmm stock!

The longer you wait for a losing stock to reverse and go in your favor, the greater the likelihood that you are on the wrong side of a trend.

Buy not on optimism 0.045, but on arithmetic 0.03. Selling pressure as investors anticipated the current issue on logging activities still haunting this counter.

A crackdown on illegal logging is July revealed public-listed companies were among 10 concessionaries investigated for breaching of forestry laws.

Now Sabah is looking to turn the temporary export ban on round logs into a permanent one.

The task force would come up with a working paper to propose the move to the government..

Also there no confirmation from the authority on logging suspension been uplifted.

Rm0.03 in the making.

If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes - WB

Selling pressure as investors anticipated the current issue on logging activities still haunting this counter.

A crackdown on illegal logging is July revealed public-listed companies were among 10 concessionaries investigated for breaching of forestry laws.

Now Sabah is looking to turn the temporary export ban on round logs into a permanent one.

The task force would come up with a working paper to propose the move to the government..

Also there no confirmation from the authority on logging suspension been uplifted.

Even though some companies will try their best to regularise their businesses, unfortunately, not all their owners have the commitment to pull these companies out from PN17.

Hence, we should cut our losses and never average down our purchase prices on these companies!

Even if we are very excited about these companies, we should wait until they successfully revive their businesses and are no longer considered PN17 companies.

According to the Cockroach Theory, whenever a company announces some bad news to the public, like default in loans repayments, some accounting issues or delay in releasing their financial results, there may be more bad news that have yet to be revealed.

This is because whenever we see one cockroach in our cabinet, there tends to be many more cockroaches hiding at the back of that cabinet.

During oil crisis, companies with good planning manage to avoid the adverse impact from the crisis whereas some companies just cannot escape from the financial difficulties.

Lately, we notice that the owners of some companies are getting less committed to their businesses.

They give up their businesses quite easily after encountering some financial distress. If they discover that the loans amount is higher than the value of their assets and they do not foresee any prospects in their current businesses, they give up the businesses and let the companies fall into PN17 and later go bankrupt.

Now the Singapore-listed Ezra Holdings Ltd, which holds a 22.5% stake in Perisai, voluntarily filed for bankruptcy in the United States (US) under Chapter 11 of the US Bankruptcy Code. On 2nd March 2018, the US Bankruptcy has approved their application.

With Ezra going bust, the emphasis is now on Perisai as its associate company in the midst of financial distress, it is important to have strong backing from its stakeholders. But Ezra’s bankruptcy could deliver a damning effect on Perisai as the latter struggles to return to the black.

It is said of the stock market that “what goes up will come down, but what goes down may not go up”.

Rational investors admit their mistakes, cut theirs losses they have to bear.

Unfortunately, most investors believe that the stock prices will recover one day. They will only cut losses when the companies are about to be delisted!

In general, PN17 companies normally have some financial difficulties. As such, investors get quite worried when some of the shares they hold are for PN17 companies. They usually face a dilemma of whether to cut losses or hope for a rebound for such shares.

(Sept 13): AllianceDBS Research said Sapura Energy Bhd (Sapnrg) had on Sept 13 gapped up to cross over the 42.5 sen hurdle.

It said the crossover of the 42.5 sen hurdle again would likely see Sapnrg trading upward with the next upside target pegged at 48 sen.

That was yesterday news...So folks target 0.48 reached today (14/9/18. Downtrend in the making now? Hmmm

Price of oil is just a friction up but sadly the ringgit is getting very weak every single day. With a rate hike in US soon meaning not a good news for ringgit. Petronas cut costs on expenditure meaning less contracts awarded into year 2017. Also the contract will be awarded with pressed down prices. Reality: the end is near. ☠️

End of the road for this stock. To be delisted soon. Declaring bankruptcy is the only option left to protect from creditors. Careful now ☠️

The end is near for tis stock. Victim of world cheap fuel prices. No way out.

.....selling

.....

Months back Perisai experiencing declining performance or showing early signs of financial difficulties. With cheap oil prices n petronas cutting costs, selling

The end is very near for this stock.

For perisai there no light at the end of the tunnel ☠️