brisk trading today... something cooking?

Still hanging stronG, I just bought 100k at 0.19 today, now CF will be happilly collecting all that he sold below 0.50, don't give him that pleasure...

Q1 REPORT DELAYED.

The Board of Directors of China Stationery Limited (“CSL” or the “Company”) wishes to announce that the Company has on 17 April 2014 submitted an application for extension of time for a period of two months from the respective deadlines to comply with Paragraph 9.23(2) and Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”) (the “Application”).





Reference is made to the announcement released by the Company on 8 April 2014 pertaining to a fire incident at one of the Company’ plants in Fujian Province, The People’s Republic of China (“PRC”), which has seriously affected its production capacity, causing interruption to some of the Group’s operations. The incident had ravaged approximately 10,000 square metres of the total floor area of 15,422.59 square metres at production plant No. 4 at 1.30am (PRC time) on 4 April 2014.





The plant involved is an individual designed five-storey detached factory building and is used for the production of polypropylene (PP) sheets as well as a warehouse for PP resin, PP sheets and recycled PP resin.





The Company’s auditors, Messrs RT LLP had communicated the following statements in their Audit Summary Memorandum for the financial year ended 31 December 2013:





“As a result of the fire incident, we are unable to proceed with their planned schedule to obtain walk-in bank confirmations, sight of fixed assets, as well as complete our audit fieldwork for the PRC subsidiaries. The aforementioned procedures are crucial for us to issue an audit opinion on the Group’s financial statements for the financial year ended 31 December 2013.





As at the date of this memorandum, management has not been able to provide us with the post balance sheet financial information and make the necessary arrangements to fulfil the aforementioned procedures as the financial records and company legal stamps that were stored in the administration office were destroyed by the fire as advised by management.”


Pursuant to Paragraph 9.23(2) of the MMLR, the Company is required to announce its Consolidated Financial Statements for the Group for the financial year ended 31 December 2013 within a period not exceeding four (4) months from the close of the financial year ended 31 December 2013, which is due on 30 April 2014.





According to the PRC Laws, the Company’s legal stamps can only be re-issued by the China Authority after obtaining the police report. The police are in the midst of investigating the fire incident for the time being.





The Board takes cognisance that the release of the Company’s Quarterly Report for the financial period ended 31 March 2014 by 31 May 2014 to Bursa Malaysia Securities Berhad (“Bursa Securities”) as required under Paragraph 9.22(1) of the MMLR, could have been delayed in the event that Company is unable to submit the Consolidated Financial Statements for the Group for the financial year ended 31 December 2013 on the due date 30 April 2014.





The Board of Directors as a whole, after taking into consideration all facts and circumstances of the matter and their obligation to uphold appropriate standards of responsibility and accountability to shareholders and the investing public, unanimously agree to apply to Bursa Securities for an extension of time for a period of two months from the respective deadlines as mentioned above for the Company to comply with Paragraph 9.23(2) and Paragraph 9.22(1) of the MMLR, in respect of the release of the 2013 AFS and 1Q 2014 Report to Bursa Securities.


Meanwhile, the Company and Management will continuously render full support and co-operation to Messrs RT LLP, in order to expedite the finalisation of the Company’s 2013 AFS for public release within the stipulated timeframe as required under the MMLR.





The above Application is now pending decision of Bursa Securities.





The Company will make the requisite announcement(s) in relation to the decision of Bursa Securities in due course.



This announcement is dated 17 April 2014.

sold at 1.10, now siva can buyback at 0.42. Good deal

just look at the q market now, quite a wild buy & sell q sell at 0.155 and buy at 0.22 for 1 share

heavy volume all at 0.66, time to buy?

I think 0.65 is the lowest, I think major shareholders are behind this price drop, if they don't buyback before T3, then they have to declare the change to bursa

Now it on
Changes in Director's Interest (S135)

MASTERSKILL EDUCATION GROUP BERHAD


Information Compiled By KLSE

Particulars of Director

Name How Soong Khong
Address No. 42, Jalan USJ 2/2M,
47600 Subang Jaya,
Selangor Darul Ehsan
Descriptions(Class & nominal value) Ordinary shares of RM0.20 each

Details of changes

Currency: Malaysian Ringgit (MYR)


Type of transaction

Date of change

No of securities

Price Transacted (RM)


Acquired

10/04/2014

2,200,000

1.100


Acquired

14/04/2014

4,100,000

1.100



Circumstances by reason of which change has occurred Acquisition of shares
Nature of interest Direct
Consideration (if any)

PETALING JAYA (Jan 17, 2014): Kumpulan Jetson Bhd is planning a place out 17.1 million new shares to raise up to RM12.57 million for its working capital.

The indicative issue price of 74 sen per share is a 10% discount to its theoretical ex-price shares and five-day volume weighted average market traded price of its existing shares.

The group said in a filing with Bursa Malaysia yesterday that it plans to place out the shares to third party investors to be identified at a later date.

The shares will be placed out via KAF Investment Bank Bhd, the adviser and sole placement agent for the exercise.

Jetson said the proposed private placement are expected to contribute positively to of the Group.

"Upon completion of the proposed private placement, the enlarged capital base is also expected to further strengthen the financial position of the company," it added.

because of the placement, one party trying to keep the price up and one party trying to keep the price up, observe today and it will be clear

I suspect because of the private placement, someone is pushing down mother share, in order to get a lower price for the 10% placement

Why suddenly high volume today.?

Can put option be sold partially rather than the whole qty?

for 3 months, it has hold firm above 0.19. I doubt it will ever go below 0.18, so keep dreamig for 0.16

it's rebound because of daily share buy back. Today almost RM1 million AT 3.04

Who buys at 1.10, when market price at 0.435?



Particulars of Director



Name

Siva Kumar A/L M Jeyapalan



Address

No. 2, Jalan Desa Bahagia,
Taman Desa,
58100 Kuala Lumpur,
Wilayah Persekutuan.



Descriptions(Class & nominal value)

Ordinary shares of RM0.20 each


Details of changes

Currency: Malaysian Ringgit (MYR)




Type of transaction


Date of change


No of securities


Price Transacted (RM)




Disposed


10/04/2014


2,200,000


1.100





Circumstances by reason of which change has occurred

Disposal of shares



Nature of interest

Direct



Consideration (if any)







Total no of securities after change



Direct (units)

119,800,000



Direct (%)

29.23



Indirect/deemed interest (units)





Indirect/deemed interest (%)





Date of notice

10/04/2014

Sold everything at 44 and bought back half 425 Another 5k in the bag

The price has stagnated for a while. The fire weather act of god or manmade, was the catalyst for some price movement. I bought 300 lots today, and can buy another 1000 lots, if drop to 0.19. If someone is scheming to drive the price lower, bring it on.....

pick up 300 lots between 0.195 & 0.20. Great bargain

it is fully covered with insurance according to CFO- so hang in there

Yeah, this Gary is a very smart guy, without spend a single cent, he manage get on board with his wife and get Masterskill to buy share in his company at a premium.....

Today being Friday, will be sharp drop. Might buy at 0.40-0.41

perhaps they should reduced the warrant price

Subject:
MASTERSKILL EDUCATION GROUP BERHAD (“MEGB” OR “THE COMPANY”)
- Reply to query in relation to Agreement between MEGB and Ye XiaoQuan and Wu MinYing
Contents:
Reference is made to the query letter from Bursa Malaysia Securities Berhad dated 1 April 2014 in respect of the Company’s announcement on 31 March 2014 in relation to the Agreement between MEGB and Ye XiaoQuan and Wu MinYing. The Company hereby furnishes the additional information for public release.
1.
The date of incorporation of Gayety Holdings Limited (“Gayety”).
Gayety Holdings Limited (Gayety) is as an exempted company with limited liability incorporated in the Cayman Islands on 10 February 2011 (source: Gayety 2013 Annual Report).
2.
Gayety’s issued and paid-up capital.
Gayety’s issued and paid-up share capital is HKD3,200,000 (3.2 billion shares of HKD0.001 each) (source: Gayety 2013 Annual Report).
3.
The date Gayety commenced its restaurants operation.
The date Gayety group commenced its restaurants operation is 2006 (source: Gayety’s management).
4.
The net profit attributable to Gayety based on the latest audited financial statements.
The net profit attributable to owners of Gayety based on its latest audited financial statements for the financial year ended 31 December 2013 is HKD23.8 million (source: Gayety 2013 Annual Report).
5.
The number of Gayety’s restaurants in Hong Kong.
The number of Gayety’s restaurants in Hong Kong is currently 10 operated under four different brands (source: Gayety’s internal management report).
6.
The salient terms of termination clause in the event of termination.
There is no termination clause in the agreement.
7.
The basis of arriving at the consideration, other than on a “willing buyer willing seller” basis. If it was based on the net assets, the year the net assets were taken into consideration, quantifying the net assets and stating whether it was based on audited financial statements.
Other than the key factors as stated in item 5 of the announcement made on 31 March 2014, the purchase consideration has been arrived at primarily based on the market price of Gayety on the stock exchange. The closing share price of Gayety on 28 March 2014 (the Sales and Purchase agreement was signed after market close on this date) was HKD0.40 and the simple average closing price for the 5 days to 28 March 2014 (i.e.24 March 2014 -28 March 2014) was HKD0.37. The purchase price in the Sales and Purchase agreement of HKD0.40 is higher by a slight 8.1% over the 5-day simple average closing price of HKD0.37. The Board of Directors of MEGB believes that the purchase price is fair and reflects the closing price of Gayety on 28 March 2014 as
2
well as after considering the other key factors stated in item 5 of the announcement made on 31
March 2014.
8. The manner in which the consideration will be satisfied including the terms of any arrangement for
payment on a deferred basis.
The consideration is to be satisfied in cash immediately with no deferred payment clause.
9. When will the total purchase consideration be paid.
The total purchase consideration has to be paid immediately after the signing of the Agreement and
has already been paid to the shares vendors’ lawyer in Hong Kong.
10. To provide clarification on the statement, “MEGB wishes to expand into the growing Hong Kong
and China markets as part of its plan to further enlarge the scope of its existing local education
business to the two countries as well as scouting for opportunities to diversify into potential other
investments in the region”, the clarification should include as to how would the acquisition of
Gayety which is principally involved in the operation of a chain of Chinese restaurants in Hong
Kong would enable MEGB to expand its local education business in Hong and China.
MEGB has intention to expand its education business in Hong Kong and China. MEGB is also
constantly looking at various investment opportunities in Hong Kong and China which will
enhance returns to its shareholders.
The investment in Gayety is MEGB’s first investment in Hong Kong and China. MEGB’s
investment in Gayety is not associated to MEGB’s intention to expand its education business in
Hong Kong and China. MEGB’s investment in Gayety is purely a financial investment.
11. To elaborate on “Gayety has a comprehensive future development plan in China, which is expected
to boost its earnings substantially…” and to include the justifications and basis of the statement.
MEGB understands from Gayety’s 2013 Annual Report that the Gayety group plans to establish its
footprint in the food and catering business in China. We wish to clarify that MEGB has no specific
information on the comprehensive future development plans other than what has been declared in
the 2013 Annual Report on Gayety’s expansion into China.
12. To state whether Gayety will be a wholly-owned subsidiary of MEGB upon completion of the
transaction.
The stake purchased in Gayety constitutes only around 3.7% of Gayety’s s

still very risky, whowever bought off-market at 0.41, can start dumping now and still make a huge profit.

but be cautious it was sheer roller coster ride. Was not waiting any longer for it move up and took profit, good enough for a holiday

took a gamble and jump in, made 8,000.00 today, bought below 0.43 and sold all at 0.475

slowlly inching up today

persistent buying support at 0.695

suddenly the silence in this forum is deafening....

some dirty laundry on the trading of this counter will be released soon. whether it has positive or negative on the share price, is left to be seen. Clue the culprit starts with K.....

posted a loss again, cash in hand reduced, very gloomy 2014

dividend update- nothing tabled for this month board meeting. Perhaps next month meeting... stay tuned

I am in midst of finding out the dividend status, will update forum, when there is more clarity. until then stay positive, don't sell because the company is still making money. I will buy more, if drop to 0.195 and below, until my funding dry up.....

old timer is back with a new name?

yeap easy money, still my most profitable account.

FORGIVE BUT NOT FORGET

Consider the interest rate for Corporate Demand Deposit in AGRICULTURAL BANK OF CHINA (ABC)....

never doused someone fire before the facts are clear...

I partake in many forums, but some clowns in this forum are really mind-numbing regenerates....

the biggest conundrum is net assets is 1.27 vs. share price 0.20.....

Never in recent memory this as happen....

Text books may be need to re-written, if ......

PAT down 15.7%, due to pelikan share disposal and revenue shortfall of patented product.

average repurchase share at 0.2073 - total 10 million shares

cash at bank now 1.2 billion

as per my earlier post, profit down compared to last Q and no dividend notice yet.

I just q to buy 1 million shares at 0.195 -0.19 range

people are losing the plot here and going bonkers. This is a forum not a kids playground, "you Lie , I DON'T". Share useful information's and your trading pattern and don't trade silly ramblings...

Having being a Consultant for 20 years, I understand management burden of managing a company with proper cash flow vs. sustaining share price. Some do it and some don't. Good example YTLE, only yesterday only bought 100 shares at 4.5pm to push the price up to 0.615. Parkson does the same everyday to support price, yesterday they paid million to push the price to 2.81, before their financial release.

I been reaping profit from buying at 0.195 and selling between 0.215 -0.22. I have about 800k OD war chest to support price from below 0.195. My total transacted volume for CSL the last 3 months is 8 million shares. At the same time my constant on hand in my margin account is always maintain. I still believe on CSL, because I interact with them and can gauge if there are genuine. As mention numerous, CF was forced sale due to margin pledged. Share buy-back can't be aggressive because capital preservations. China is going to face capital crunch soon (refer recent Bloomberg post), so Cash is King.

Among all my investment, this has been the most profitable so far, even so after recovering my earlier losses. My approach is simple I Buy all I can below 0.195, up to my seed money. I sell all above 0.22. This has netted me quite a some of pocket money for my holidays. I always have on hand about 200k in my margin acc. My other acc is for contra play.

bought below at 0.10 a while ago and sold all 500kk between 0.17-0.18. Lucky based on today's drop.

finally the most sensible explanations, after thousands of posting. CF and company has sold a major block below 0.20 c, will delay dividend declarations to push down price, to buyback... so take caution,,, long time player hang on don't sell.