Check Bursa...Tan Sri Pheng (boss) jual 1 juta shares... ikan ikan bilis cepat cepat beli .... sangkut baik baik nanti..

18 points down... cepat lari..nanti kena sangkut bila turun 15 sen lagi..ha ha

http://mystar.newspaperdirect.com/epaper/showlink.aspx?bookmarkid=HAB8SYP224R7&preview=article&linkid=93db2eb0-2010-4766-9703-57aaa58d44d1&pdaffid=7TsmJr%2bYoVVWeomORvVM5Q%3d%3d

[TheSundaily Newspaper (Malaysia)] FBM KLCI to trend lower next week - [TheSundaily Newspaper (Malaysia)] FBM KLCI to trend lower next week
http://m.thesundaily.my/news/1473126



http://www.whalemobile.com
TheSundaily Newspaper (Malaysia) Android applicatio

KLCI extends loss as regional markets dip on Greek stalemate - http://www.themalaysianinsider.com/business/article/klci-extends-loss-as-regional-markets-dip-on-greek-stalemate

Yes correct, if SAB only contributes the land and get 20% of the property assets completed, say, in stages over 10 years. The developer will get 70% of asset to sell but will pay all the cost construction, but not the land. Normally it is 20 to 25% for land owner and 75% to 80% for the developer.

Agreed

Please check which director selling his own personal Perwaja shares, under recent Bursa announcement. If so good, why sell at such low price? So present high price is fishy and no basis.

Musical chair... many will kena properly this last round...wait n see

Reader, u r right. 29 May Bursa announcement, 1Q also lost Rm63m. From June 2014, accumulated loss is RM1.36 billions!

Last round of frying the ikan bilis bilis ... before game over. Exit fast if make $$

End July.. if regularization plan (approved by all major creditors n authorities) not submitted, Bursa can delist this counter. 15 July must make announcement on this. More important is end July dateline. Wait and see. If delisted, many will cry.

Very soon, some will cry...

Kian Leong Lim, that is the right way for any sophisticated or even normal investors, for that matter, should look at. But still there are many punters who speculate it based on "cheap" (not intrinsic value) or market hear says. If you look at their Debt Settlement Agreement with all their lenders to address their RM800m debt (besides having committed guarantee of RM700m on Perwaja debt) and proposed capital reduction from share par value 20 cts to 5 cts in the Agreement + very negative steel market ... can figure out how much this share worth...

Lousy_result, even with such clear indications of company status, they will be die hard speculators who rush in to buy...most of them will get trapped and cried later.

Too much cheap steel products dumping from China into Malaysia, 50% over supply capacity of steel plants capacity vs domestic demand, tough export conditions facing competition from low cost producers of China, Indonesia, Vietnam, high production cost in Malaysia due to high power cost, GST and high import cost raw materials. Actually consumption of steel in infra projects is not high vs other like cement. Lastly mismanagement ...

Supernova, smart move! Otherwise may get trapped like similar news below ... http://mystar.newspaperdirect.com/epaper/showlink.aspx?bookmarkid=V59FEZLTBUE1&preview=article&linkid=b798eb76-37be-4e60-aea8-2a51f5f62959&pdaffid=7TsmJr%2bYoVVWeomORvVM5Q%3d%3d

Accumulated loss RM1.36 billions, loss per share 53 cts, NTA 10 cts!

Good, can run now...

Syabas!

FOCUS today: among 50 top losing (rugi berat) companies in Bursa, no: 1 and no: 2 highest pay to their directors are Kinsteel (RM11m per year) and Perwaja (RM6.2m) per year respectively!! Syabas!

FOCUS today: among 50 top losing (rugi berat) companies in Bursa, no: 1 and no: 2 highest pay to their directors are Kinsteel (RM11m per year) and Perwaja (RM6.2m) per year respectively!! Syabas!

Read my earlier comments on how big sharks con ikan bilis, they cannot let it drop too much before they complete selling those cheap stuff they bought earlier (below 10 cts). Must push up a little to give impression another round coming so that all ikan bilis will get excited and buy. Unload and unload till no more bullets. Then many get trapped forever. Run for your life now!

4th round trap may be coming...good luck

Good luck to all...mouse trap

Round 4..

Good chance to run ...

No, the fundamental was bad, rated at near zero (best is 3) by The Edge.

Supernova, I believe in value investing and a fundamentalist, never a speculator. My ad
Just study the debt settlement agreement between company and banks (their Bursa Announcement dated 27 Feb). Then make your decision.

Selling volume is much heavier than buying volume and price trend is always gradually and not sharp downwards during the last few weeks, it means the unloading of inventory of big sharks are always finished... but not yet. It will retrace to where it started at 8 cts. Those who bought much higher will get trapped and permanently trapped if delisting really happens.

Looking at the huge daily volume transacted and price moving down slowly and not going up, obvious that the unloading of inventory (bought below 10 cts) by big sharks is not finished yet. After that, many ikan bilis will hold the shares , cry and sleep with it...

Earlier Announcement: Bursa Securities’ rights to proceed to suspend the trading of the listed securities of Perwaja and to de-list the Company if: 

(i)         the Company fails to make the Requisite Announcement on or before 15 May 2015; 

(ii)        the Company fails to submit a regularisation plan to the authorities on or before 31 July 2015; 

(iii)       the Company fails to obtain the approval from any of the regulatory authorities necessary for implementation of its regularisation plan.

Caution: be careful, if de-listed, your shares you hold cannot be sold in stock market! Scrap paper.

Yes, u will get few lorries "old newspaper"...wait and see

Those bought 8 to 15 cts will get trapped permanently if Bursa delists it.

Hopeless, delisting any time, ask for extension till 15 July but Bursa has not said yes or no. Even extended, it is a matter of time will get delisted. Then your share is zero value and cannot sell. Then hold them as souvenirs.

Can image the big buaya and yu are laughing all the way banks. Proposed 10 shares to be reduced to 2.5 shares, yet many ikan bilis still swim towards them. I take my hat off to them!

Ya, delisting?

Skyjuice2, if extension is really rejected (as the dateline is today) and if delisted, then likely many ikan bilis are holding a piece of scrap paper and crying sadly. If not delisted, the company has another dateline 31 July to cross which is the most difficult and nearly impossible, that is, to complete due diligence by Chinese, sign definitive agreement, get all banks, TNB, Petronas and major creditors to agree on massive hair cuts and approve the rescue plan + all regulatory approvals. That is only 2.5 months from now. Just be cautious of your money.

What price u bought?

Transacted daily volume heavy yet price not up. Big sharks let go inventory slowly from 22 cts but cannot let it fall too much so also must buy to maintain it above their initial buying price so as not scare away ikan bilis from buying and let them think another push up coming. Once finished selling all bullets, then will see price free fall. Most ikan bilid get trapped especially those buying above 15 cts. Ikan bilis buying below it may still can swim away. Just a view from experience, u decide your money.

Daily transacted volume heavy yet price not up. Think big sharks busy let go inventory, slowly from 22 cts but cannot let it down too much or no meat to chew. Buy a little to move it up before closing, otherwise ikan bilis will be scared away and not buying. When finished selling their stocks, then price will fall and fall and ikan biilis get trapped and crying.

big sharks taking profit every days till their buying below 10 cts (before leaked news on that China thing). Ikan bilis buying above this price and holding it.... heart pain

If you buy, you are catching a sharp falling knife! Look at Perwaja share.

Said many times a big trap. Big sharks bought it around 8 cts to 10 cts before news slowly leaked out in the media last week. Sell fiercely on news confirmation last Friday from 22 cts. Golden rule, buy on rumours and sell on confirmation, valid since 1970s. Do not trust Chinese companies. Look at their counters in Bursa and Singapore. All koyak.

Sharp Shares Plunge Ahead of Restructuring - WSJ - http://www.wsj.com/articles/sharp-shares-plunge-as-company-mulls-capital-reduction-1431318100......be careful of proposed capital reduction upon its restructuring of this counter

Sharp Shares Plunge Ahead of Restructuring - WSJ - http://www.wsj.com/articles/sharp-shares-plunge-as-company-mulls-capital-reduction-1431318100..... be careful of massive capital reduction of this counter as capital reduction is a must due to its massive accumulated loss of RM1.2B!

Collect scrap papers, yes. Wait and see

Collect and keep? Bro, be careful, ha ha, your 10 shares become 2.5 shares upon proposed capital reduction (Feb announcement in Bursa ).

That is thing i do not understand. Capital reduction of share par value of 20 cts to 5 cts is already stipulated in debt restructuring agreement between Kinsteel and their banks but people still ... capital reduction for Perwaja will be even worse if restructuring is proceeding and not liquidated.

Amid all media publicity and euphora on Perwaja/Zhiyuan, as stock investors, cool down and think carefully on below, as reported in Starbiz & The Edge this Saturday, (1) " It is just an MOU with no real commitment" "I don't know the deal, just an MOU, not sure a done deal yet" supposedly said by 61% owner of Perwaja Tan Sri Abu Sahid (2) Due diligence has to be done by Zhiyuan which takes at least 3 months. By then, on careful study, Chinese will find out more about how bad or good the situation Perwaja was in (3) As reported, even if Zhiyuan wants to get involved, after due diligence and signing definitive agreement, there is no real injection of "real hard cash" to settle the massive RM2.2B debts. First phase, as reported, will involve import of equipment (their old equipment evaluated at higher price to get more Perwaja share?) only to produce items on a "leased land" in Perwaja, probably under their company name. Nothing to do with Perwaja and or is addressing the huge debt issue, probably this way. Even for 2nd phase involving RM200m, it is also equipment injected not hard cash. To quote Starbiz, "will this RM300m investment in equipment enough to get operational profit to pay off the massive RM2.2B debt?". Very smart Chinese, use a separate leased land and own imported equipment to produce things while avoid getting messed up with the debt loaded Perwaja. (4) Require major creditors like banks, TNB, Petronas, etc, and regulatory authorities to approve the plan, especially on the viability of injection of merely RM300m equipment and its subsequent operational cash flow to repay them and, perhaps, massive haircuts proposed on their debts, especially after more than 2 years. (5) Continual very bad local and global market condition, including stainless and in fact all metallic commodity, and Chinese cheap imports or dumping of steel products will be a serious factor to consider. In conclusion, will not touch this counter due to very high uncertainty and risks associated as it may delisted if the scheme does not work eventually and our investment is worth a scrap paper.