Summary
34% Q3 y-o-y revenue increased but less profit margin due to mobilisation of their assets. Lets see what the IB analysts says tomorrow. Cheers

Q3 report out. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1472417

EPF been disposing daily, look at the bursa announcements, need money to pay epf-contributors, causing havoc not only in dialog but others companies as well

How much percentage of dayang shares are still in the hands of individual investors and not with fund managers or employees? Curious as price volatility is caused by only a small amount of shares traded daily.

@nightshade, I decided on CF as at that time, the call warrant was trading at a discount to the mother share.

Averaging up on Dayang-cf since early oct 2013. Lowest I bought was 0.36 while the highest was 0.44. Right now thank god its still above my average price. Will cash-out hopefully once mother share reaches 5.80-6.00 before CNY. Amen

Maturity Date: Apr 22, 2014
Issue Size: 100,000,000
Exercise Price: MYR 3.18
Ratio: 5:1

Rocket ran out of fuel...zzzzz

Wahhh rocket up dy

Patience lar, quarterly report expected to be out within the next 2 weeks then only will get more interesting lor

Sold on friday at 4.17, pick back up today at 4.12, if everyday like this then i love epf goreng recipe lor

3-4 more weeks before next quarterly report coming out, should be consistent with analyst reports....5.50-6.00 by December?

Dayang oh sayang...my best performing stock so far. Lets wait for it to cross the 6.00 resistance year-end

200sma @ 3.32? wahhhh fell of the cliff ah?

Cut-lost since last Friday, averaging at 3.79 with my average purchase cost at 4.01. Painful lesson. This August/Sept is expected to continue being volatile so for investors like me who cant monitor every single minute its gonna be dangerous.

Petrobras is due to resume negotiations for the extension of charters on six ultra-deepwater rigs in August, two months after the oil giant unexpectedly broke off talks with drilling contractors.

The six rigs for which Petrobras was seeking renewal terms were Pacific Drilling's drillship Pacific Mistral, Diamond Offshore's semi-submersible Ocean Valor, Seadrill's semisubs West Orion and West Taurus, and the Ocean Rig drillships Corcovado and Mykonos. The fear of running short of rigs in the pre-salt blocks spurred Petrobras and its pre-salt partners to start seeking contractual renewals much earlier than usual.

A typical drillship scheduled for delivery in 2015 can be purchased at around US$650 million, while the ongoing daily rate of a typical UDW drillship is around US$600,000.

Lets wait & see whether got a third round of contract from Petrobras Brazil or not...

Did I miss anything??? Why today 100++ continuous selling??? No more buyers meh???

deep freeze coma stock liow, hopefully year-end got announcement from PETRONAS on further tenders or have to keep for a long time

Should only get worried if the price plummet downwards with weak support lines (I kena badly with another O&G stock) can rocket upwards 5-8% within a day but can drop also the same, really roller coaster ride

Why run? Someone selling at 4.09 x 58k lots also means that the market is able to absorb these at that price. Sellers think that they are smart but buyers also think the they themselves are smart.

Joseph, you think fund managers will push up this stock to RM5-6 in one day meh??? They wont push up the share prices dramatically but instead will slowly appreciate to maximize their investment mah.

Maybank research:
The upcoming local offshore fabrication tenders are likely to be announced in 3Q13/4Q13. We expect SAKP to win between MYR2b-3b worth of contracts.

I sold off the rest of my portfolio last week & this week to average down my cost purchasing this company shares, I hope you will forgive me for being extremely happy now in knowing my investment decision was correct. YEAHHHHH!!!

During the last AGM, the boss did tell to the reporters that its not confirmed but highly likely they will declare dividend to shareholders so lets see year-end.
But if no dividend also I don't mind, as they will need the money to cover the loan taken for the seadrill merger deal, anyway this share is now rock solid with contracts worth RM 27 billion won (and still tendering for more)

Eoin O'Cinneide

27 June 2013 07:14 GMT
.

Norwegian rig giant swiftly reaches over 50% in beleaguered rival Sevan Drilling and will press for full control



Seadrill has taken its shareholding in fellow rig player Sevan Drilling above the 50% mark a day after strongly hinting at a takeover.

The John Fredriksen-led rig giant spent around $75.76 million on almost 117 million Sevan shares to take its holding up to 50.1%, it said on Thursday.

"Pursuant to section 6 of the Norwegian Securities Act, Seadrill intends to submit a mandatory offer for all shares outstanding in Sevan Drilling that are not owned by Seadrill," the brief statement concluded.

Seadrill had said late on Wednesday that it was mulling the purchase of nearly 17 million Sevan shares at Nkr3.95 ($0.65) a share, the price at which Thursday's deal was done.

The deal sent Sevan's shares up over 16% to slightly above this price with Seadrill's shares up over 1%.

It had also said on Wednesday that it may seek to go to 50.1% and call an extraordinary general meeting at Sevan to propose a new board.

The move is being made in response to a financing plan revealed by Sevan on 19 June where it plans to issue $500m in senior secured bonds and finalise a $1.45bn corporate bank facility to refinance outstanding debt.

“Seadrill is of the opinion that the financing plan proposed by Sevan … is value destructive for the shareholders,” Seadrill said in Wednesday's announcement.

“Subject to a completion of the proposed share purchase Seadrill will seek to propose an alternative and improved financing structure.”

If it failed to get 50.1% of the shares, Seadrill said it would dispose of all of its holding in Sevan, which was at 30.4% on Wednesday.

Responding to Seadrill's share purchase, Sevan's board commented in an Oslo bourse statement: "The board believes that a price of Nkr3.95 undervalues Sevan Drilling's assets and prospects, and represents a significant discount to latest analyst consensus net asset value estimates and target prices.

"The board further believes that the financing plan proposed by Sevan Drilling on 19 June 2013 was an attractive proposition and in the best interests of all shareholders.

"The board will revert with formal opinions on the offer and further guidance for shareholders regarding any future action in due course, once the details of Seadrill's offer, financing solution and other propositions have been reviewed and considered.

"As part of its considerations in this respect, the board will together with its advisors consider how to preserve the best interests of the company for its shareholders and other stakeholders."

In January Seadrill sold all its shares in Sevan – then 28.52% - but struck a forward agreement to buy them all back at a strike price. This kept Seadrill’s foot in the door in terms of a possible takeover.

Seadrill’s holding had theoretically moved up to 30.31% in early January following an emergency equity issue from Sevan to plug a funding gap.

Oslo-listed Sevan successfully raised Nkr987.5 million ($177.4 million) in the private placement, which was oversubscribed, at a price of Nkr3.95 per share.

This brought Seadrill perilously close to the 33.3% ownership threshold that would have required a mandatory takeover offer to be launched under Oslo Stock Exchange regulations.

Got out today with a little profit. Was lucky to be able to buy some yesterday at 3.30 from 3.88 to average down. This stock really roller coaster, rocket up with no brakes on the way down, for those weak at heart pls stay away. For the rest, good luck & huat ah!

I think its gonna close today at 3.9X level...I bought 10k at 4.12 magahai...

MGH, 4.80??? Never saw this coming, luckily not contra/T3 player, have to keep mid/long term liow for this stock.

Its not good at anytime to dilute the earnings per share, especially one that is already expensively trade at P/E 46.95.
This means that for every dollar you invest into this company, the dollar is only generating a profit at a fraction of the dollar and will take 46.95 years for the profit to reach 1 dollar, assuming that the company has zero growth and constant sales & profit margin. This private placement is gonna dilute the earnings per share even further to maybe P/E 60 or more.
Really con-job selling 587 million shares to their "special/preferred investor" at RM 2.80. For all we know its to BN cronies so that they can flip the shares immediately at RM 4.xx. !@#$%^&*buta buta 45% profit margin while we left stranded high & dry

See bursa announcement, another private placement, this time 587 million shares at RM 2.80 shares. EPS gets diluted, P/E sky-rocketing upwards even more...!@#$% this company better win the RM6-8B Petrobras tender or its gonna smell a lot like a scam.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1305693

@#$%! Hurry up and announce the definitive final price as the suspense is torturing me.....pls announce RM 0.836 tomorrow.

Independent valuer was engaged as the 31-Dec-12 audited net assets is valued at RM 305.37M but this amount is based on old records and have not been valued recently.
KPSB is saying that the land bank should be worth RM 588.321M instead. Difference of RM 282.951M needs to be verified first.

Sorry, re-reading through both KDEB & KPSB press notices and here is the facts:
(1) 29-April-2013 KDEB & KPSB signs SPA with indicative value of RM 0.76 per share with potential 10% more making it RM 0.836
(2) Downpayment made by KDEB to KPSB
(3) 29-May-2013 Revised SPA to be sign by KDEB & KPSB with the final definitive price (hopefully they will announce the value tomorrow as stated in the press notice)
(4) The independent property valuer is C.H. Williams Talhar & Wong Sdn Bhd
(5) Whole exercise is predicted to be completed by 3rd quarter 2013 (before puasa starts?)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1276465
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1272429

News from utusan can pakai meh???

Yes, 29th Wednesday, just 2 more days to wait

During the next AGM, directors will be voting for shares buy-back by up to 10% of issued shares. If goes thru, Naim will then hold 37.37% thus triggering mandatory offer for the rest. Privatisation ka? Or is the share considered undervalued in their opinion???

I know the price kena goring earlier but winning 2.5B contract with a few more tender yet to be awarded should push the price even higher up mah, no meh?

Crazy world...announce winning 2.5B contract but the next day share price plummets???

Bla bla bla

Sorry, its approximately 2-3 weeks

As long as pakatan controls selangor, which ever MB also will proceed with the deal as the whole privatisation was initiated by them, anyway as i mentioned earlier, agreement has already been signed by both parties so be patient for 1-2 weeks for a 20% capital appreciation la

Liza, can u sell ur shares to me at rm2.60 instead? Just pm me when & how many lots pls, thanks

Perdana or SKPetro??? Headache choosing which one!

Good chance to win some part of Petrobras Brasil RM7Bil project. Tender winner to be announced this may/jun. By Kenaga & Maybank

Selllllllllllllll Bullshitbear TP RM0.10 sell and save your skin la

I am all in, 2013 is the year for O&G mah

Go bullshitbear, go go! warrenb must move aside and admit you are the best!

Latest target price by bullshitbear is RM 0.10 so better sell now...faster lor

My god, bullshitbear is saying the AirAsia Bhd did a mistake...should i believe bullshitbear's analysis and dump all my shares now or should i look at the analysis done by the investment houses such as CIMB, TA, Maybank, RHB & etc...shit, i think bullshitbear is right, i am going to sell all my shares at RM1 now, pls join me all of you so that we can escape this bankrupted company called AirAsia Bhd. Lets give our money to bullshitbear as he is the best investor (he is better than even warren b)! Sell sell sell

Go bullbear go! Hopefully everyone will sell now based on your "analysis" then me, u & millionaire can buy cheap cheap.
Go bullbear go!

11/mar 11.11am? Heard it from someone? Aiyoh, malu to have a PM that is so superstitious