Suddenly the seller 3sen queue balloons up after it turned buyer queue for a split few seconds. Wow what a circus!

1m shares done. Seller volume now 100k. Quite a good watch. Hold your shares tight. Hopefully we'll see it move.

If the exprice falls below the dividend payout then naturally as a long term investor on would add on Tenaga. The RE play is gaining traction and so for Tenaga is in the thick of things. EPF selling off is understandable and it does open the window of opportunity, no?

PP price is 5.4sen yet share price now 4.5sen. Can't wait for next week pay to collect.

I'm staying on the sides for now. Not really convinced of its trajectory.

The forced selling really is in bad taste. I am out till somebody says something.

Sentiment is temporary. This is a very good time to collect.

If they are smart they ought to pull out from the 3sen queue and let the counter get a bit of traction. They would be better off with a bigger spread.
We investors are not going to bend over. 2½ - 3aen that's what we are ready to pay!

Joseph Lee Yok Min @ Ambrose Acquisition of BOB shares:

23/9 20000 lots
13/9 5000 lots
10/9 2000 lots
9/9 2000 lots
8/9 2000 lots
7/9 2000 lots
6/9 10000 lots

Agreed. The 2½sen - 3sen range is where current shareholders should enter if they decide to accumulate. Noticed this morning some attempts to spur buying interest but as long as we plan our purchases there is nothing MP or any warrant schemers can do.

Today RSAWIT went to 21½sen before managing to recover to 22½sen. This is a far cry from 29sen in May 2021. Time to collect.

I have been queuing up at 2½sen since a couple of weeks ago. Additionally I will be buying at seller's price 3sen monthly for eleven trades. If the price falls at this stage, the better!

They can throw kitchen sinks at each other for all we care. Us shareholders are here to stay. GTD 2½sen set apart from the 12-monthly periodic purchase at 3sen. Bring it on MC!

Joseph Lee Yok Min @ Ambrose Acquisition of BOB shares:

10/9 2000 lots
9/9 2000 lots
8/9 2000 lots
7/9 2000 lots
6/9 10000 lots

Let's stick to the plan and mop up whatever remaining and maybe, the sweet scent of the lark will come sooner than we expect.

Whatever the hocus pocus they throw at us just keep calm and stick to the plan. If they want to pump, it is their money they are burning. Accumulate now, whilst the 3sen queue is available. It is moving nicely as it stands.

As long as we investors follow our strategy wisely, we should be ok. Hold on to our shares and slowly mop it up at the 2½ - 3sen range. That would keep the warrants out of the money whilst clearing out the PP dumping.
Even if the seller queue moves out to 3½, don't get overexcited. Just let the circus die off and maintain the price target. We know there are 20% shares left in the PP. Eventually we'll reach there.

Dear all.
Firstly I would like to express my gratitude to the participants of this thread for the insightful sharing of this counter. Special mention go to Valgrovest and MZM2511.

For Borneo Oil Beehad (BOB), I sum up the following:

1. This counter is trading near its year-low of 2½sen. The year-high is 5½sen.
2. There is an ongoing PP to MC who have subscribed at prices as low as 2½sen. Without them being a substantial shareholder, it may be true that they are behind the selling pressure at 3 - 3½sen. This exercise of immediate dumping has its pros and cons. On one hand it guarantees a margin spread but on the flip side, if BOB shoots up on perhaps gold or MCO recovery news, the PP subscriber would lose out on a higher profit.
3. There has been record of the CEO acquiring additional shares, generally taken as a good sign.
4. Traces of warrant purchases with a strike price of 7sen give rise to the idea that this counter can shoot up sooner rather than later to make the warrants in the money.
5. The NTA of this counter is 11sen, and currently the candlestick chart indicates this counter price as neutral. This counter has no significant dividend history, and as yet no consolidation or split plans.
6. The latest AR indicates an EPS of 36sen although this was due to a strong Q4 EPS of 52sen.
7. There are 7.955b shares outstanding, excluding warrants and approximately 20% of PP under the MC exercise.

With all these in mind, I conclude the following:
1. The current value of this counter is 2.8sen, including all proposed dilution. There seems to be no willing sellers at 2½sen. The 3sen queue appears very dynamic perhaps due to the PP subscriber managing its sales of shares.
2. There has been a noticable attraction to this counter. This can be seen from the increased queue and trading volume after BOB released its Q4R, and its results were given media attention. I am in the opinion that this counter will gain traction moving forward, especially once the PP subscription exercise is completed.
3. Investors should be tactful in ensuring that we are able to ride on this wave. I am in no position to advise on investment decisions, but I can share with you what I plan to do with this counter, having absorbed all the insightful information.
4. I have set an accumulation strategy with price range of 2½ - 3sen. Any price below seems unrealistic but not impossible. Any price above seems like overkill as long as the PP is in place. This strategy encompasses periodic purchases of shares for a period of twelve months, for a total of 1.2m units of BOB shares. This periodic purchase strategy will average out the cost average and shield me against any sudden price fluctuations.
5. With the warrants strike price and share historical price in mind, I have set a modest yet realistic TP of 5sen within the twelve months investment period. Not excluding fees, this tramslates into a gross yield of 67%. There will be no CL for this investment, all shares will be sold once the term concludes.

Let's rock and roll.

Regards
MHA

Great follow up unfortunately need to wait next month to accumulate further. Twelve-month target set.

https://www.theedgemarkets.com/article/laundrette-operators-must-obtain-gas-licence-energy-commission

It would be nice to hear development of JAG's coin laundry business.

With the PP done at 5.4sen, the new value of BPuri is 5sen. However, we are seeing great support at 5.5sen indicating somewhat that investors are accepting the PP and in the recovery of BPuri. The final QR is yet to be released though; any result better qoq yoy would greatly justify the investment decision. This counter should be good for post-MCO recovery play. I'm accumulating at 5.5sen with a TP of 10sen in the next twelve months.

Yup no point talking. Everybody has their own valuation. I personally reckon its price is about 2.3 sen taking into account all the dilution. So I'll just wait at the side till this circus grinds to a halt.

Not really convinced. I'll wait till the candlestick says otherwise.

QR out yesterday and the company did well both qoq and yoy. No dividend declared though but the price is just off bottom and on the up.

An enlarged share base means that the company needs to earn more to increase its EPS. Dilution makes it more difficult for th share price to fly. Firming prices of other commodities like petroleum and palm oil puts JAG investors in a spot.

That is why the counter not flying. The mind is thinking 23sen yet the eyes see 33sen. This disparity causes suspicion. Often we hear share price cooked up to affect PP price. The JAG investors are wised up folks. They are having none of it. Let's see how long this round of circus goes on. As we have seen before, it will stop eventually.

The only other comparison that one can find is TexCycle and their share price is not as depressing. Maybe one can go long with that instead.

30% is massive. Shareholders equity will be diluted by a third. Here we go again.. New TP 23sen...

Case management now set for 4 August

Everybody waiting JAG to fall below 30sen lor

Interest is waning. Cash is short. Yup, let's firstly wait and see.

Hope it is worth the wait!

Yes it seems that the PPs have been used time and again to shortchange loyal shareholders. Not my favourite anymore.

EKA Noodles Berhad ("EKA" or "the Company") NOTICE OF REQUISITION FOR AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY TO MOVE RESOLUTIONS REQUIRING SPECIAL NOTICE PURSUANT TO SECTIONS 206 (3) AND 322 OF THE COMPANIES ACT 2016
EKA NOODLES BERHAD

Type Announcement
Subject OTHERS
Description
EKA Noodles Berhad ("EKA" or "the Company") NOTICE OF REQUISITION FOR AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY TO MOVE RESOLUTIONS REQUIRING SPECIAL NOTICE PURSUANT TO SECTIONS 206 (3) AND 322 OF THE COMPANIES ACT 2016
Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcements dated 31 May 2021, 01 June 2021, 02 June 2021 and 04 June 2021 in relation to the Notice of Requisition for an Extraordinary General Meeting of the Company to Move Resolutions requiring Special Notice pursuant to Sections 206(3) and 322 of the Companies Act 2016 (“Announcements”)



Further to the Announcements, the Company wishes to announce that on the hearing of the Injunction Application on 11 June 2021, Ms. Norhayati Binti Tukiman vide her solicitors have provided the undertaking not take any further steps pursuant to the Notice of Requisition dated 31 May 2021 until disposal of the hearing of the Company’s Originating Summons to seek relief, among other to declare the said notice is invalid and the Court has fixed the Originating Summons for hearing on 08 July 2021



This announcement is dated 11 June 2021.

I'd go in the middle ground. 34sen looks ok.

Keep calm and accumulate =)

Already made very handsome profit. Will definitely reinvest in this counter. The threat of delisting means the price will be very very attractive. No problem on holding on to the shares as it will be business as usual. Tested its online delivery and it worked out very well. Definitely think that their performance will be better moving forward.

Fantastic fantastic. Bought 2000 lots @ 1sen, sold all @ 5 sen.
Bursa is a beauty.
Now queuing at 3 sen. What a feeling!

*LANGKAH PENYAHSENARAIAN EKA NOODLES BERHAD SATU KEZALIMAN KEPADA PELABUR DAN PENGUSAHA MAKANAN TEMPATAN*

21 Mei 2021

Hari ini dunia pelaburan tempatan dikejutkan oleh berita penolakan Bursa Malaysia terhadap pelan pemulihan syarikat EKA Noodles Berhad, sebuah syarikat pembuatan mi tempatan yang sangat terkesan dengan wabak Covid-19 yang melanda dunia sekarang ini.
Terkini, kilang EKA di Sarawak terpaksa ditutup disebabkan penularan wabak Covid-19 di kalangan pekerjanya.
Seakan jatuh ditimpa tangga, penguatkuasaan penegahan penganjuran majlis turut memberi kesan kepada jualan pengusaha makanan.
Berikutan dengan itu, EKA berdepan dengan penyahsenaraian daripada Bursa Malaysia bermula 31 Mei 2021. Keputusan ini tampak sangat kejam dan tidak mesra pelabur di samping mencerminkan ketidakcekapan kerajaan dalam menyeimbangkan kehendak kesemua pemegang taruh dalam keadaan ekonomi yang sangat mencabar.
Terkini saham syarikat EKA Noodles Berhad telah jatuh kira-kira 80 peratus yang seolah-olah merupakan satu lagi kezaliman yang tercipta dalam era pemerintahan kerajaan sekarang.
Dalam keadaan iklim luar biasa seperti sekarang sepatutnya kelonggaran boleh diberikan bagi pengusaha makanan untuk mencari penyelesaian jangka masa panjang kepada kemelut ekonomi yang diurus kerajaan.
Apakah ada sinar bagi peniaga dengan nasib seperti EKA?

https://www.theedgemarkets.com/article/trading-eka-noodles-shares-be-suspended-may-31-delisting-may-follow

https://www.thestar.com.my/business/business-news/2021/05/21/quick-take-eka-noodles-plunges-81-on-delisting-risk

Done queue BUY 2000 lots @ 1sen.

Certainly not. The entrapment is so evident.

The circus has left town it seems.

That seems to be the MO of the operators. Just need to be patient and wait for the circus to end!

Yup. It is becoming predictable.

Eastern686 let's wait for the tide to subside then everything will be clearer. Right now it seems that there are too many manufactured plays on the counter which may be driving people away.
Again, this is my opinion. Feel free to disagree.

Yes. My opinion. Feel free to disagree.

The clowns are at it again with their shenanigans. Be careful everybody! I notice they tend to jack up the price on Thursdays for a kill on Fridays. I am staying away.
Let's take a breather and wait till their time is up on Monday afternoon. Only come in below 30 sen. Even better 25 sen like bahai4453.
Too much lah these clowns!

Agree with Bahai4453 on this one. A steady revenue and profitability performance coupled with a steady dividend not only will instill confidence in current shareholders but will also attract new money into the company.

As a growing business, the shareholders understand that the majority of the profits will need to be retained for development but a ½ sen dividend a year for example, would be able to woo fund managers to select the company into their portfolio.

Dividends shows that the company is confident of doing well in the future. The positive quarter results are there, the yearly profits is there. Only lacking is the dividend announcement.

The circus clowns seem to be not so happy today.. shuffling among themselves gets tired now that they've overdone it. The genuine JAG retail shareholders are smart investors. Once bitten twice shy they say.
I'm happy to wait by the sidelines. Wait long enough and all tides calm down.

It seems that the syndicate will close shop on Friday. Don't be caught with your pants down.

Yes. Waiting by the side till the circus calms down.