My view is that Sona should trend higher till AGM as DEAL will only be confirmed by then (26/06/2014)! IPO price RM0.50 w/o any acquisition and now 1st STEP to "BIGGER" thing with QA coming, it should be trading at RM0.70 to RM0.80 after all GREEN LIGHTS obtained ! The sell off last few days are basically, short term profit takers who feels that it is time for them to exit and now the genuine investors should by at this cheaper prices and keep for Max. Profit ! My 2 cents !

With intense competition from so many SPACs out there and other International E&P buyers emerging, an outright purchase or buying for just a meaningful stake in a "GOOD" and "PROVEN" Oil Field is getting more and more harder and challenging nowadays both in terms of price and willingness of Sellers to part !

My personal view on this deal is a "WIN-WIN" for both the Buyer and Seller ! Salamander is not "SMART" and Sona is not "STUPID" !

Reason being :

The OIL FIELD is a "GOOD" one as Salamander valued it highly else outright disposal should settle the issue ! Salamander is confident of it's potential of extracting maximum output from this 2P Oil Field. It is just that Salamander needed FUND for it's CAPEX and SONA is willing to pay the acceptable price for a Stake in this Oil Field !

Sona Petroleum:

Makes maiden acquisition. It is planning to buy a 40% stake in producing O&G field offshore of Thailand from UK-listed Salamander Energy Plc for MYR903.6m. The proposed transaction is intended to be Sona�s qualifying acquisition and gives Sona a balanced portfolio of production, development and exploration assets in Thailand, as it takes its first step in developing into an independent usptream oil and gas company. (Source: The Star)

Shouldn't this announcement be viewed in a positive light, investors ?

Play on this counter is over, next counters to monitor are Sona and Cliq !

Look at Nicorp and Harvest share price, even with Najib's Son in there also caput !

Thanks Calvin. It will be a waste if taken over by Gomen as it's such a nature's paradise there. One should go and enjoy the natural setting there b4 it is gone !

Hello Calvintaneng ! May I ask if this 630 acres that you mentioned is it anywhere near the "St John Vianney Retreat House, Majodi Centre, Plentong, Masai, Johor. ?

Designation of stocks sets in when the Regulator opines that the particular stock price has runs way ahead of VALUATION too fast too soon without new development and/or announcement that may cause those uninformed would be investors to lose money ! This juz my 2 cents opinion.

Well said Harvard. No wonder Harvard University products are well polished ! Move on to Sona & Cliq nearing QA announcement time !

Wack it, !
SOMETHING BREWING !
TARGETING RM3.50 !

Last quoted NTA for loss making GP is RM0.11 as at end of 31/12/2013. Total number of shares issued is around 700M. What do one expect GP price to be after hiving off P! to TM either in PART or in FULL ?

Some say that striking OIL in an exploration is LIKE striking Lottery while others said that acquiring a RIGHTS LICENCE to operate a 3P Field is akin to acquiring a Lottery (Gaming) Licence. Whatever and whichever it is, it's a Good Acquisition to increase revenues and provide long term profits for the company. "Growing the Company" going forward !

Acquisition on Good Qualifying Assets have to be made FAST as Competition is immense among Big Oil Corporation and SPACs especially on "Good Quality 3P Brown Fields" or "3P Green Fields" !

As "Good Quality 3P Brown Fields" carries lesser "RISK" in as far as COST or CAPEX is concern, once identified must be acquired "FAST" and that's why a good "CAPITAL BANK" must be on stand by "FAST" too, else opportunity cost ! That's the "REAL" reason for the need to have tranches of Placement in place !

Hope this first tranche of 10% placement will be done at a higher price like say after End of February, share price of SUMATEC has climb up to at least RM0.56, then after 10% discount , placement will be done at RM0.50 thus netting a higher Capital ! Next tranches can be placed out up to RM1.00 and higher after more Oil are extracted/ produced from the acquired Oil Fields !

Recaping :

Tan Sri Halim Saad is considering assigning the exploration rights for a new oil and gas (O&G) field in Kazakhstan to Sumatec Resources Bhd, which is on the verge of completing its regularisation plan by next month.
The new field, known as the Beta oil field, would be the second field after the Rakushechnoye O&G field in Kazakhstan that Sumatec would have rights to if Halim decides to do so, those in the know claimed.
When combined, both fields would have sizeable O&G resources for exploration over the next 20 to 30 years, they said.
The Beta field – covering an area of 248 sq km – is said to hold 105.97 million barrels of oil equivalent (mmboe). It is located in the northern side of the Mangystau province, which is known for its rich O&G resources.
Halim, when contacted yesterday, declined to comment on the Beta field but did say that “I am always on the lookout for new O&G fields”.
Halim is Sumatec’s major shareholder and holds the concession for the Rakushechnoye and Beta fields via his private companies. He had earlier assigned the rights to extract O&G at the Rakushechnoye field to Sumatec.
Upon completion of the regularisation exercise, Halim will own 25% equity stake in Sumatec, down from 27% at present. The new Sumatec board will comprise former attorney-general Tan Sri Abu Talib Othman (chairman), and directors Datuk Ahmad Johari Abdul Razak, Datuk Mohd Nasir Ahmad, Datuk Shireen Ann Zaharah Muhiudeen, Mohamad Ismail, Michael Lim Hee Kiang, Datuk Che Mokhtar Che Ali, James Chan Yok Peng, Wan Kamaruddin Biji Sura and Christopher Layton Dalton (also the CEO).
Halim, the corporate player of yesteryear, is making a comeback to the corporate sector via the O&G sector which is seen to be growing at a fast pace. He is one of the early birds to have scouted around for O&G fields in eastern Europe.
Sumatec has been bleeding red ink for the past five years and has been categorised as a Practice Note 17 (PN17) company since April 2011. As part of its regularisation plan to exit its PN17 status, it also has a rights issue to raise RM453mil. The proceeds will be used to fund its O&G activities at the Rakushechnoye oil field. With the O&G extraction works at the field, Sumatec is projecting RM86mil in profit for its current financial year ending Dec 31, 2013, and RM69mil for 2014.
For the Rakushechnoye field alone, Sumatec has direct access to oil reserves and gas resources of up to 331 mmboe.
“First, we have to discover more oil, and if we strike more, there would be more reserves. Most of the proven reserves are within 10% of the total area of the field in the north.
He added that upon the completion of its regularisation exercise, Sumatec would be the only “onshore O&G exploration company to be listed on Bursa Malaysia”.

Finally New Sumatec is going places !

Private Placement !

Yeah, way to go and that's the way to grow too !

10% placement to shore up her "Capital Bank" for further expansion/acquisition at an WAMP for the last 5 days prior to price fixing (to complete within 2 months ) ! Cheers to all investors of Sumatec !

Wonder how high will Sumatec's market share price be pushed up within 2 months !

What's your take, Sumatec shareholders ?

Year 2014 is also Malaysian Property Bull Year ! Cash rich Chinese Companies are on the Prowl, teaming up with Local Land rich Property Cos. to build on !

Yang sudah JADI, itu ROSMAH punya "OLD TOWN" !

Yang Jeepy punya nominee, JOE HARI made fame from the late PI Bala already "singgah" kat Suma Kazak venture ! Kekeke !

U saw 1CAT Malaysia, itu SERSOL ? Apa sudah JADI ?

Phew !

What a close shave I had with the "wild flower" !

Lucky to have averted from the ensuing muddy carnage that is expected to befall on this 'wild flower' comes boxing day onwards ! What a "BAD" announcement it was by the "Wild One" !

Of SPACs future hereafter - it's gonna be a "Long and Winding Road" ahead to attract investors not to mention players ! Its a no, no for now !

Too darn RISKY, too EXPENSIVE line of bizness to venture to with very low percentage of SUCCESS !

http://en.wikipedia.org/wiki/Hydrocarbon_exploration


Any "may" be considering or thinking to refunding the collected IPO proceeds to the Shareholders ?

Pity those bot high and got trapped.

If them willing, swap them "wild shares" into "NEW SUMA" to recoup losses !

Merry Christmas and a Happy New Year to all !

Careful now with your holdings in this "Bunga Kebangsaan" !

Go read here : http://www.theedgemalaysia.com/business-news/268119-sc-revises-spac-rules-simplifies-ace-main-market-listing-transfer.html


=======================================================================

Wednesday December 18, 2013 MYT 7:12:58 AM

The Star’s Errol Oh wins special award


http://www.thestar.com.my/~/media/Images/TSOL/Photos-Gallery/Nation/2013/12/18/main_oo_1812_p14a.ashx?w=620&h=413&crop=1&



KUALA LUMPUR: The Star’s executive editor Errol Oh won the Corporate Governance Journalist of the Year award at the Malaysia-Asean Corporate Governance Index 2013 and awards ceremony.

Organised by the Minority Shareholder Watchdog Group (MSWG), the award is in recognition of the recipient’s continuous effort in highlighting corporate governance issues in the media and raising its awareness among the investing public.

“I write about corporate governance because it is about doing the right things, and we all often need to be reminded about what the right things are.

“This award is a nice bonus,” said Oh after receiving the award at the Sime Darby Convention Centre here.

Oh highlights corporate governance issues in his weekly column called Optimistically Cautious, which appears in Star BizWeek.

Also at the event, RHB Capital Bhd chairman Datuk Mohamed Khadar Merican received the Chairman of the Year award while CIMB Group Holdings Bhd managing director and chief executive Datuk Seri Nazir Razak was named CEO of the Year.

MSWG was established in 2000 as part of a government initiative to protect the interests of minority shareholders.

All these while we have been so bullish and riding high in this crazy euphoria that we have not looked at the other side of the coin in that if the results of the drilled well are not favourable ( not commercially viable as estimated hydrocarbon deposits are low) then what will happen ? Please don't take it that I am pouring cold water to douse this hibiscus excitement.

I think what Harvard's moves is right. He cleared 70% of his holding and let his free shares to fight on !

Investment, whether long, medium or short term is all about profit maximising and preserving profits the prudent way !

I will sell too next week and hopefully the better price stays or retreat less as FOMC is due to meet for d last time this year on the 16th and 17th and investors are looking for clues on the timing of the beginning of tapering on the US Fiscal Stimulus or QE !

Juz my 2 cents !

Buy on rumours n Sell on news !

A well written article to read on the subject of SPAC-ULATION written in today's Star newspaper.

Go here : http://www.thestar.com.my/Business/Business-News/2013/12/14/Time-to-end-the-SPACulation.aspx

http://www.theedgemalaysia.com/business-news/265593-tribesmen-blow-up-yemens-main-oil-export-pipeline.html

Now that the above has happened, Crude Oil Price upward bound ! This is good news to Oil Production Companies !

Since New Sumatec is now debt free and income generating, it is not that difficult for the major shareholders to bring the price of Sumatec to the next level to reflect it’s future potential. Investors, critrics and doubters are still not quite convinced at this stage without any lead, going forward !


Heard many have bad experience still with the “apa itu Company Saham” ? Macam Jack and Jill “RAN” up the “HILL” and before sampai separuh jalan sudah came TUMBLING DOWN !


My suggestion to the New Sumatec Maintenance Manager :

Perhaps it is good idea for the Sumatec’s CEO/CFO ( thru’ its’ corporate communication/or compliance) take the initiate to furnish it’s monthly production figures to Bursa/SC for dissemination to the investing public like those in the logging and Oil Palm Sectors. The Public and would be investors and possibly Gungho Funds may then form their own opinion on the future potential of Sumatec, the Company ! Whether it’s going to be a Mini Petronas in the making or otherwise. If the monthly Production Figures is xxx bopd (barrels of oil per day) and is within the target as scheduled, then the price will definitely moves up as investor confidence moves it without much work from the MAINTENANCE TEAM - period ! Just your monthly PRODUCTION FIGURES is enough to move mountains when the potential is there ! Do consider this suggestion !

Wish You an early, “Merry Christmas and a Happy New Year” !



For TA players,

Sumatec may rebound after the firmer move yesterday. A purchase can be made if the stock closes above MYR0.31, with a close below MYR0.30 as the stop-loss. The price target is the MYR0.365 mark, should it crack the MYR0.35 resistance. A failure to get above MYR0.31, however, will likely see the stock decline, while the downside risk will increase if the stop-loss is triggered.



Some salient points to note :

*More and more PLCs jumping into the Oil and Gas Bandwagon Business and the latest is Prestariang !

** Heavyweights like Tan Sri Quek of HLGroup also has interest in THHEAVY n SONA

***SPAV : HIBISCUS, CLIQ n SONA --- All are PRODUCTION Wannabes Risk Takers but their pricing is way ahead of valuation if any at this stage ! Among them, Hibiscus is the front runner with better advantage but all their bizness involves high CAPEX and BIG RISK as offshore and dependent on “Act of God ! Comparing to Hibiscus current market share pricing of RM2.00, Sumatec with Oil oredi Flowing, debt free and Earnings from ever rising USD per barrel of Oil is how much now , it’s insane ?

To get to higher level, moves must be made now albeit slowly (to instil a culture of not a GORENG stock no more) as December is coming to an end and signals the beginning (new beginning, a New Sumatec) of the 1st quarter of earning Profit in the next report season !

Those shares disposed are for Liquidity "PURPOSES" if U know what it means, MARKING !

Just a matter for discussion, why PLCs in timber and Oil Palm Sectors need to furnish BURSA their monthly Logging and CPO and FFBO figures ?

Then how come Mining and Oil Sectors don't have to neh ? Could it be bcos no company doing mining in Gold leh so no grams nor ounces to report to BURSA . Then what about Oil Production Companies ? Don't tell me in Malaysia no Oil Production Company meh ? So, then Sumatec is the only One kar ? What about PETRONAS, does it ever report the numbers of Barrel of Oil extracted from their Oild Wells all over the World monthly ? The monthly production figures I mean ? Oh sori, PETRONAS is not listed !!!!!!!!! Gambateh !

If Bursa/SC still no issue query leh, it shows inefficiency on the watch dog's part !

As per the Company's PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT, going by the previous :

["Reference is made to the Company's announcements made on 27 April 2012, 28 June 2012, 3 July 2012, 5 July 2012, 2 August 2012, 3 September 2012, 1 October 2012, 1 November 2012, 3 December 2012, 2 January 2013, 4 February 2013, 5 February 2013, 1 March 2013, 1 April 2013, 3 May 2013, 5 June 2013, 1 July 2013, 1 August 2013, 2 September 2013 and 1 October 2013.

The Company wishes to announce that there are no major developments on the status of plans to regularise the Company's financial condition other than those publicly announced.

This announcement is dated 1 November 2013."]

It should be 3 December 2013 unless it consider itself "OUT" of PN17, then don't have to announce loh ! [Talking about out of PN17, it is just a matter of time as officially it has to fullfill earnings of 3 consecutive quarters of profits!]

2 months oredi passed and Dec month left to achieve RM86 Million in profits ! Insider should have the figures for the first 2 months by now, waiting for insiders movement loh !

Trading of Sumatec share price should not be at lthis lowly level of 30sen if it is going "BIG TIME" ! Once out of PN17, Funds (both local and foreign) can then jump in to buy such shares and just you imagine how low can the "NEW SUMATEC" shares be trading at !

http://www.btimes.com.my/Current_News/BTIMES/articles/20131129000353/Article/##ixzz2m84Y8LBf

Markmore, Petronas in Kazakh deal ?
By Francis Fernandez
Published: 2013/11/29
Quote :

KUALA LUMPUR: Tan Sri Halim Saad seems to have received Petroliam Nasional Bhd’s (Petronas) backing in his oil venture in Kazakhstan.

It is reliably learnt that Halim’s Markmore Energy (Labuan) Ltd had signed an offtake agreement with Petronas for the planned sale and purchase of “methonal”.

The national oil corporation’s listed unit, Petronas Chemical Bhd, had agreed to purchase the methonal at a small discount to the prevailing market price.

Under the agreement, Petronas will acquire the methonal only if it conforms to the International Methanol Producers and Consumers Association’s standards.

Documents seen by Business Times reveal a key element of the agreement also requires Markmore to supply the methonal from Kazakhstan to any Europe’s safe port.

Markmore, which has invested more than RM300 million in the Central Asian nation, owns the concession in Kazakhstan’s Shelly oil field, which produces some 1,000 barrels of oil per day.

There are 47 wells in the oilfield but only five are operational, previous media reports seemed to suggest.

Getting Petronas involved in the offtake will lend credibility to the public-listed company.

Halim is currently using Sumatec Resources Bhd, which was on the local stock exchange’s delisting list, as his vehicle 12 years after the empire he had built crumbled during the 1997 Asian
financial crisis.

His game plan is simple. Since Markmore has a concession that will last until 2025, Sumatec will develop the Shelly oil field at its own cost in return for 100 per cent of net income of the first two million barrels and 50 per cent of net income
thereafter.

The exercise has helped Sumatec to raise more than RM600 million cash, increase its stock price by sixfold over two years and enabled Halim to secure 24 per cent of Sumatec, which, in spite of its PN17 status, is valued at more than RM800 million in the market.

http://www.btimes.com.my/Current_News/BTIMES/articles/20131129000353/Article/##ixzz2m84Y8LBf

=======================================================================

Question ?

Why is there no query from Bursa or SC on the news report published in the New Straits Times neh ? Think many working in Bursa/SC must have invested good in New Suma Wannabe that they are too excited to have overlooked the matter !

They always seems to be "QUICK" on their query to force a respond from other PLCs !

Wonder what will be the "PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT
SUMATEC RESOURCES BERHAD" be like leh come Monday or maybe they need an extra day on this Auspicious 3rd Dec. leh, the zrooooooooommmmmmmm noise will be telling loh !

=======================================================================

Last announcement:
PRACTICE NOTE 17 / GUIDANCE NOTE 3: MONTHLY ANNOUNCEMENT
SUMATEC RESOURCES BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description SUMATEC RESOURCES BERHAD ("SUMATEC" OR "THE COMPANY")

MONTHLY ANNOUNCEMENT ON STATUS OF PLAN TO REGULARISE CONDITION PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("PN 17")



Reference is made to the Company's announcements made on 27 April 2012, 28 June 2012, 3 July 2012, 5 July 2012, 2 August 2012, 3 September 2012, 1 October 2012, 1 November 2012, 3 December 2012, 2 January 2013, 4 February 2013, 5 February 2013, 1 March 2013, 1 April 2013, 3 May 2013, 5 June 2013, 1 July 2013, 1 August 2013, 2 September 2013 and 1 October 2013.

The Company wishes to announce that there are no major developments on the status of plans to regularise the Company's financial condition other than those publicly announced.

This announcement is dated 1 November 2013.


Announcement Info
Company Name SUMATEC RESOURCES BERHAD
Stock Name SUMATEC
Date Announced 1 Nov 2013
Category General Announcement
Reference No CC-131029-14721

======================================================================

Thirty Sen for Sumatec is a "STEALLLLLLLLLLLL" my friends ! Ang Pow Frogs jumping on the Expressway izzit..........eeeeeeeeeehooooooooo !

Have a fruitful days

Ho ho ho ! Jingle bell, jingle bell, coming weeks, it's Sumatec all the way !

It's Yuletide Seasons Greeting, Hongky Tonks !

Do we see "Turkeys a Plenty and Ang Pows Flying everywhere ?

From Forties to Fifties is a possibility as New Sumatec is no longer a story as the Old Suma is oredi a history !

New beginning, new pricing level, new discoveries maybe on the way......... !

Hope every Sumatec Investors have an early Christmas and a Happy New Year !

May your "Turkeys" and "Ang Pows" dream quick come true !

I dunno how if this is true,

......to an Architect he sees d Bigger Picture but to an Engineer he sees d minute details in that part of d picture, so think along and try to think out of d "BOX" !

......they say that TA Graph can be charted by the Syndicate Operator in a Cornered Stock, so what TA and what Fundamental are there b4 Rights listing ? As what price them want them said so ! In other WORDS, controlled Counter pre listing ! Who determines d TARGET PRICE ?

......they also say that post listing rights price may not drop that much as Creditors rights portion at RM0.175 was taken or placed out at prices ranging RM0.25 to RM0.28 too long term high networth clients/investors with a termed moratorium in place.

....... immediately post listing, a slew of good news will flow to stabilize d share price "when" needed !

As far as the Co. SUMATEC is concern, all are in place and Key Operation Managers are now scouting out for more Oils to boost her earnings !


This not from me but Hearsay only arrh !

If U make money, dun thank me but if U will to lose $ please,please dun blame me !

Traders Happy trading and may U win TONS of $$$ ! :=) !

Hibiscus having a GOOD Head start, then come CLIQ last only enters SONA ! Hibiscus already bought few Oil Fields and into Exploration now ! Oil Fields are now getting Scarce and with more SAD entering the foils,good Oil Fields are not getting any cheaper with Competitions abound ! Look for Onshore Shale Oil Fields lah SPADs ! Kazakshtan is d place to go ! Ah Jeep may be able to help out as Malaysia is running out of Oil pretty soon and Oil are scarce commodity and is a necessity in many broad Industries that affects d Country's Economy as a whole. Remember Ah jeep's daughter Nooryana Najwa was betrothed to Daniyar Nazarbayev, whose mother is the ex-wife of Nursultan’s brother, on June 17, 2012 in a ceremony held at the PM’s residence in Putrajaya. Kazakhstan President is Nursultan Nazarbayev. :=) !

Quote 1 :

"Best thing to do now! Don't look at Hibiscus until drilling start! Only 2 weeks to go! If rig does not sink in bottom of Arabian sea!"

- This is logical and make bizness sense.

Quote 2 :

"I'm very new to this counter. Will the newly private placement affect the price? I plan to buy more at this price."

- Oil Exploration and Drilling are Capital Intensive as Fund and more Fund need to be on stand by mode ! If after drilling Oil Flow is not up to expectation then "Capital Burned" !

3QCY13 PASSENGER TRAFFIC INCREASES 30% (YOY) for AIRASIA while MAS 3QCY13 PASSENGER TRAFFIC INCREASED BY 41.1% (YOY) !

I too bought KNM shares a couple of months back at RM0.425 ! Cut loss on Friday @RM0.41 and convert all them into MAS shares ! Hope to recoup back soon with interest at least by year end ! Wish me luck !

Yeah, 2014 is visit Malaysia Year and with Gomen spending so much $ to promote Malaysia as the Choice Location to visit Worldwide, it should help MAS bottom line the least, is it not ?

The latest passenger traffic report (3rd Quarter)on MAS shows an increase of 41.1% [http://www.theedgemalaysia.com/in-the-edge-financial-daily-today/261934-brahims-riding-on-strong-passenger-growth-.html] and yet got people come here making irresponsible Statement !

From the last 2 weeks, there are signs of Massive accumulation in MAS shares and a play may be forth coming !

Please refer to scanner posts on page 66

To trace down to the buttock formation, share price have to find the previous bottom first to form d Classic Double Bottom ! Cindy Cats r very good as manipulating Chart patterns mind U ! A Group of high network networth traders and investors can turn stocks upside down ! Haha !

Blue Chips and Index Counters to brace for another bout of sell down ?

Hooray ! Looks like the 3rd liners given an extended list of Playlife ! Let the "Penisess" be "GORENG" !

Still have some time to exit temporary and preserve your funds for revenge later as "CUP" may turn into "buttock (W)" later, for a powerful uptrend in few weeks time after the UMNO Assembly !

@pdtan, please enlighten us why U said so "starting Mid December, Mas price will crash down 3 months below 10cts."?

Company share buybacks n Inari, Insas boss keep selling since the last weeks of October till now and still selling ! Ho Hup also rise n is gd news for Datuk Thong !

Sectorial Play nia, Stockbroking shares all rise on Monday due to speculation on possible t/o of stand alone broking companies after the latest Affin/HDBS t/o mergers ! Insas due to

I beg to differ as I opine that pre-listing price will certainly have a strong bearing on the listing price of the rights coming 21st Nov. The underwriter and main player (key investors/owner) will certainly want a better listing price for the rights and what more than do (play/push up} it tis 2 weeks before the rights flood the market
as the original shares now are small and easy to move in order to set a
"good and strong footing"(high and fair price) for the rights listing.

Goreng is easy by the underwriters as only involves some cost in stamp duty only !

To me, any price below RM0.43 now is considered to be good and fair price to buy for keeps !

Points to note :

SPVs are considered over priced at this moments as them yet to own any "OIL WELLS" as yet !

SIN TAX no increase, so SIN COUNTERS prices will Shoot up and KLCI will shoot up too

DTTB result should be announced very soon as Twin Cyber Towers Model at Cyber City in Kulaijaya is already on display at the Lobby of Menara MSC Cyberport since a week ago ! Should be in the Bag soon ! If wanna push, RM1-20 also no problem !

People into market for one reason and that is to make $ and that's it ! Whether it's for the long term or short, no different ! Just my take !

Mun Hong,

If U bot 1000 shares on last day b4 "ex" at RM0.49, cost RM490-00(-)

Next day goes "ex", U have 4100 units OR
if sold all OR units at RM0.10, U get RM410-00(+)
Then U sell mother share at RM0.35 U get RM350-00(+)

Then U have made a gross Profit of RM270-00(+) !

Normally, free warrants are issue to rights subscribers as sweeteners in the hope that they pick up the rights as whatever short fall in the price of the rights shares upon listing, the price of the warrants may make up for it. Now the mother share price may be temporarily being propped up to make the ORs more attractive ! Just you imagine that 4.1 billion rights shares flood the markets, will the share price still be at this level ?

Think ! Why do the offeror want to give out "free warrant" to subscribers of the rights ? I think it's better to sell out all and take whatever profits there are left and wait till the right shares are listed then only make the decision whether to invest in the Company ! This just my 2 cents opinion, final decision is still yours !

When will it rebound back to 55 sen ? Tomorrow ke atau buy and hold ?