But why are they doing this? They should educate people on the correct fundamentals in investing.. not vice versa. Thats the problem with this "Malaysia Boleh" bursa/land. Rich gets richer, poor gets poorer. Thats the fact coz these institutions are basically controlled by certain spoiled mindsets.

Frankly, this is the worst price performance (red for 3 consecutive days) for a company that just announced multibillion new contracts, 4 folds profit improvement and 2 maiden dividends. Also currently the world oil is in record high prices too. Really have no idea whats going on or how to explain these "unjustifiable" drops. Looks like investment is not what its used to be.

All companies got hutangs.. whether have the ability or means to pay or not. Some companies without the ability to pay the hutangs also went up very high bcoz these are speculative counters based on rumours and prices controlled by syndicates. Always study the fundamentals/financials and do not invest in risky counters ya.

Finally closed only 1 sen lower today. Nice.. hope profit takers wait for higher prices and then I think tomorrow onwards should be green.

If the price go down 24%, I'll buy 1M lots.. lol

The price will be auto adjusted downward accordingly i.e. 2.35 cents (the dividends).

Tomorrow another red or green? Feedbacks / opinions are much appreciated. Thanks.

If you buy n hold the shares till the 4th of July, you'll be entitled to receive the two dividends. Now the price is being capped n pushed down.. good time to buy n hold.. not for contra players tho. High TP for Skpetro? Why not n pls note.. it is not based on rumours or speculation.

Based on the volume and selling pressure, looks like its really being pushed down by certain peeps and maybe bought back by themselves. Not sure why, prolly accumulation at lower prices before the big push, CQ is expiring soon etc. I cannot opine the drop becoz of any normal reasons such as bad financial results, diminishing contracts etc.

He is.. and no.. you cant convert the warrant into mother. Note that the lower the mother's price till the ex-date, the less the cash RHB has to pay to the warrant holders.

See here.. maturing soon:-
http://klse.i3investor.com/servlets/stk/5218cq.jsp
One of the reasons why the price being capped from going sky high.

Don't worry so much about the dividend guys. At least its a maiden one from this company. Good fundamental, progress and positive financials are more important. Non-speculative and this is a CI counter too.

Interim dividend of 1.35 sen and special div of 1.00 sen per share. So, for every 1 lot (100 shares), you'll get 235 sen or RM2.35

Ring.. should be this link:-
http://klse.i3investor.com/ptservlet.jsp?sa=pts&q=SKPETRO

• relax guys. contra traders & profit takers are in control now. also panic sellers. then the uptrend continues..

JFYI.. http://www.nst.com.my/node/4762

• fundamentally sound CI company, very high order book with recent new contracts that last for many more years, superb financial results, starting to give dividends etc. oil prices keep hitting records. well done and congrats holders.

Just an advise.. pls refer to the financials.. gudluck holders.

LCC.. thanks for sharing your views on this company..

Good info.. and the average TPs from 7 houses today is 5.71 means more room to rise.

Wow.. 4th in top volume today.. more than tripled its average. Managed to close @4.47.. splendid. Hope to see more uptrend next week and benefit everyone.

And only less than 2% change.. peeps ady throw. Come on.. hold and wait for it to go higher laa.

Hmm.. cant believe to see the price dropped back close to 4.40 now.. darn contra traders / profit takers.. what a waste when the price was upped.. terrible mess to a good counter.

Yes.. tend to agree on that. Hope it will end close to 4.50 today so that will see more upside next week. Keep holding, be patient and good luck everyone.

Gentlemen.. please stop it ok. Lets discuss whether this counter has the potential to go up or not.. say for today.. bcoz its being hammered now.

Skpetro managed to reach 4.52.. bravo. But now its being pushed down back very badly with heavy selling pressure. Must be those darn contra/profit making traders.

• crazy volume.. 4.46 reached.. wow!

• giant block @4.40.. gone in a second.. superb!

• me believe further quarters results will be higher from contributions from the newly acquired contracts in addition to the exiting ones. the latest profit also is a new record.

What to UMA? Bursa peeps not so silly to UMA when ady good news announced including billions of contracts, quadrupled profit with higher revenue results and 1st time dividends (eventho not so high as mentioned by wong). So?

This one sums up the announcements today:

http://www.nst.com.my/node/4385

Cheers everyone. :)

Havent got chance to read yet.. are you sure? 1st time dividends, right? This is getting better n better.. nice!!!

Me think CIMB ady saw these coming.. that's why the RM7.00 TP. Congrats holders!

And this:

http://www.theedgemalaysia.com/business-news/295357-flash-sapurakencana-unit-bags-contracts-worth-rm13-billion-.html

Wow!!!

Holie schmoly!!!

http://www.theedgemalaysia.com/business-news/295361-flash-sapurakencana-1q-net-profit-soars-45-folds-to-rm5094m-from-rm936m-a-year-ago-.html

No wonder last minute jump today..

• closed @4.33 today. wow! not bad. just hope it can break the huge block @4.35 tomorrow. Then next week onward to 4.50 n above..

Me observed there are certain forces still trying to push the price further up against the strong selling pressures.. maybe to be nearer to the TPs. But that will push up CQ's price too (expiring soon).. which obviously will be very detrimental to RHB.

Today's performance is similar to yesterday's. Its hovering between 4.28/4.29 with strong selling pressure. Looks like the price is still being capped and unlikely it will close green today. Furthermore, tomorrow is Friday (a.k.a Sellday). Just hold and hope for the best.

• looks like this counter is bracing for red today. huge selling pressure !!!

If want to speculate or gamble.. invest in MAS.. sure can double your money.. :D

See the sell queues' volumes.. wow! What happened?

Price is still being capped.. very obvious. If only the CQ not expiring soon..

Where got good news except khazanah still support MAS. Its being played.. very obvious.. handle with care.. good luck to the traders ya.. dont be burnt.

With price at only 4.27, recently very good news on new discoveries and contracts worth more than 2 billions and 6 TPs today averaging 5.78 .. you decide on this CI counter ya.

• CQ is expiring soon.. reason for the price being capped?

• shall monitor and evaluate.. weaker support @4.27 but building up..

• haa.. no wonder the huge selling pressure.. its going down soon..

• now huge block formed @4.28.. looks like no chance it can go up further. south is the only way. thinking of exit guys?

• after 10am, really huge blocks formed @4.29 & @ 4.30. don't think can move up more today guys.. selling pressure still very high.. in fact, it may close red.. donna why?

• possible.. the price is still way way below the average TPs.. and now even with very good news..