walau wei this one every day sure win one.

Bye and Thank You Salute.

done selling another 30% of my share. remaining 20% to go. Now shift to counter K. Thanks S.

Aiyo why Tony want to exit. Is it part of the regulation plan ? adeh.

Bearish Engulfing woo. very dangerous. Better be careful.

i believe vitrox shareholder acquiring more share yesterday and today to increase his stake in the company

Yes. Always expect the unexpected. We all expect it will be LD tomorrow .

If he acquired 2.5 Mil share on 18 April, this mean he acquired share between 1.41 -1.73 and yet his people or syndicate are selling and pushing down the price to LD which almost the entry price on 17 April. Dont know what his plan continue acquiring share at this company.

Vitrox shareholder cheong acquired another 2.5 Mil share on 18 April. Crazy this guy.

is it due to that patent which maybe vitrox need. Not sure at this moment.

i sense a hostile takeover

see i told you already. Previous news stated that they dont want to sell Emir-Oil Concession is just a strategy for newly appointed board member, director and shareholders to collect low. See now they released this news. hahah.

unload 50% already. Thank you cheong give me very fat angpaw for raya. Got another 50% to unload.

already attack. Now just relax and watch the show. Prepare to balik kampung. :-)

waw all director selling

They are looking for another EV deal.

I think the reason price go up so much not because of the court case but it is more because of the emergence of new substantial shareholder Cheong Siew Chyuan who also one of the shareholder of Vitrox. Cheong has been increasing his stake in the company until last week. Not sure what cheong move next week.

i will start buying this.

Wait for the collection completed than it will fly.

Again testing resistance and can it break the resistance. So many time already test.

perghh mcm dataprep

let see can it break resistance.

New Covid variant 'Arcturus' dominant behind surge in India — reports

https://www.theedgemarkets.com/node/663185

Pang yesterday i told you be careful. I really hope Bursa can approved the second extension which normally not easy to get.

This one will easyly shoot up as glove counter hot now and healthcare index still have room to go up further

It is weird that they need 2nd extension. It is now turn to very risky play. We don't know behind the scenes what happen and why suddenly they unable to provide regulation plan as per told and shared many times by Tony himself. I agree with you joyvest. This 2nd extension request put the investor in a very risky ground.

Habis berapa ramai yang sangkut dekat atas

AAX wants more time to submit regularisation plan
https://www.theedgemarkets.com/node/663148

not sure la. every time hit resistance it will pull back. Adeh.

Among the glove and healthcare counter which not fully go up.

Hibiscus Petroleum taking on mammoth task

https://www.msn.com/en-my/news/other/hibiscus-petroleum-taking-on-mammoth-task/ar-AA19IbJQ?ocid=msedgntp&cvid=292f0e04cbfa4458842c9970f07e3f1b&ei=50

hehe that is the cover up strategy. The Edge article during weekend actually disturbs their strategy. In order to contain it they not pushing the price on Monday to just show that there is no knee jerk reaction to the share price due to weekend released article and released counter report at the Edge Monday afternoon to deny the rumors. In my opinion this is a plan to give opportunity to newly appointed board member a chance to collect slowly and when the time come they will released the news. Many company has done that before,

i think SAP supporters already now asking government intervention ASAP as they circulating video on tik tok and Your Tube. Anwar need to be very careful on this as SAP hold many bumi contractor, Bumi employee and some people will start using this as political weapon as state election in 5 states are very near soon. With declining Malay support towards PH, PMX need to tackle this issue wisely.

hoot9e996 standard la the process take time ma. They also want to collect ma.
See simple answer from the board : -
“The board reiterates that it is cognisant of the need for proper dissemination of information to the public and will continue to release the appropriate announcements on Bursa Securities on a timely basis as required by the Main Market Listing Requirements of the Bursa Securities,” Reach Energy said.

Market a bit boring as many are waiting for Wednesday onward i think on US data. Next week last play for IB or Investor before Raya long leave. Just my opinion.

Tesla continuous expansion require their supplier especially EV batteries and component company to gear up their expansion also to support more and more order from Tesla.

Tesla to open a new Megafactory in Shanghai, China, company says

https://www.cnbc.com/2023/04/09/tesla-to-open-a-new-megafactory-in-shanghai-china-company-says.html

TheContrarian yes you are right. Let us wait for tomorrow. Anything can happen.

JuliusCeasar i can't copy the link as im using the digital version of the Edge Weekly. They don't allow copy even on the page itself. If i copy and paste the link you might have problem to view it as you need to have access to the Edge Weekly version. If anyone figure out how to share the link here maybe can help on that matter. Tq.

LeoLeo, Yeah my english is very bad. So what ? You got problem meh ? The figure is based on the assumption that the concession, which was valued at close to USD300 Million in 2016. But now already 2023 and the oil price at USD 80 - 86 per barrel. I also don`t know how high the value after 7 years with current high oil price environment. But surely it will be more than 20 sen for the Hk guy not to lose out.

From the Edge Weekly :

Pelikan said to be on the verge of major asset sale

According to several sources, the major asset disposal that Pelikan is working on could fetch more than RM 500 million cash.

If the deal is successful, Pelikan will exit its core stationary business, which is the 180-year old Pelikan brand from Germany. It will become a cash rich listed shell,sources say.

That is why Super Racer Ltd (SRL) willing to take up 1.03 billion new shares at an issue price of 20 sen apiece as they know there is an interested buyer already for the kazakstan asset and upon completion of the asset sale, they can generate cash value more than 75 sen per share.

The above statement by the sources is based on the assumption, that the concession, which was valued at close to USD300 Million in 2016. But now already 2023 and the oil price at USD 80 - 86 per barrel. You can now imagined the asset value in 2023.

From the Edge Weekly :

According to sources, the company has since recapitalized following the conversion of the debt owning to MIEH via the issuance of new shares.

"Reach Energy slipped into PN17 status based on the unaudited results for the period ended December 2022. The debt-to-equity exercise was only completed in March this year," says a source.

If the sale of the Emir-Oil concession materialises, Reach Energy will be a cash company with no assets. However, the amount of cash in the company from the sale of the Kazakstan asset will be far from the 75 sen per share that early investors paid when it was listed as a SPAC.

From the Edge Weekly :

" Moreover, the current controlling shareholders of the concession, who also control Reach Energy, want to exit the exploration and production of the O & G business. They used to own and operate the oilfield until Reach Energy`s previous shareholders acquired a 60 % stake in the concession in 2016."

From the The Edge Weekly :

Sources say several suitors are keen to explore the prospect of taking over the concession, which was valued at close to USD300 Million in 2016. The concession, called the Emir-Oil LLP,spans six oilfields in an area of 847 sq kilometers.

" The suitors are keen on the asset and aware that more money had to be ploughed in to enhance production. But they feel that oil price will be able to sustain at above USD 70 per barrel and the Reach Energy concession has a low production cost,"
Says a source.

Ok i already read the digital version of The Edge Weekly and the title is " Reach Energy to dispose of Kazakhstan oilfield "

I decided to buy this counter on Monday. Thank you highlighting this earlier.

oh ok thank you birkincollector for the info.

I also think they need to find other producing well so that earning and profit can be improve from time to time.

oh where you found that reading material birkincollector ? mind to share here the link.

THE DOWNFALL OF MALAYSIA'S LARGEST PRIVATE COMPANY

Once valued at $6 billion USD, Malaysian oil and gas company Sapura Energy has experienced a stunning downfall, with declining oil prices, falling demand, and a large debt burden leading to net losses since 2014.

Narrated by Tom Mckay
Video Edited by iyanbriandi

https://www.youtube.com/watch?v=mjLGyAz7nBE