@esl_22: RI (rights issue) is a fund raising activity that a Company try to raise money by issuing more shares, usually at a discounted price from observed market price, to existing shareholders. In Sumatec's context, the rights issue is to raise funds to buy over a Company that owns an oil concession in kazakhstan that expires in 2025.

Chartered accountant, don't play play...:)
So..can we also expect the same for PDZ in the hands of another chartered accountant?

@esl_22: we call that critical thinking.

Embrace the roller coaster..which would persist for a while.

Hehe.... not he..he..

@strategisst: bro, got your point. A premium above RI price from 37.5% previously to 15% now, 22.5% discount for Halim.

RI price 20 sen...pisang goreng must sell 'more than double'..

Take a 25% discount from peak price. My gut feel as a layman. :)

Don't chase escalating prices.

@makemoneynow: good to have varying opinions and consider all aspects.

@strategisst: :)

The last reserves certification was dated April 2014 if i could remember from the earlier multiple proposal details. Maybe a more current one would be helpful.

From the superficial look of things, it is unlikely to be something bad. The MEGB matter could proceed as planned.

The reduction approx. 17% from the initial price, primarily on the oil concessions while the ancillary assets portion remain unchanged. Effectively, that is about 24% reduction for the oil reserves while per barrel brent price had weakened by over 50% as at now.

Maybe we can look at the extent of oil reserves writedown and make some meaningful inferences if the deal is reasonable?

Layman view. :)

AT: appreciate your perspective. Cheers.

Not vested here, but from the way on how the announcements are scheduled do not reflect well on the Management. The decision not to move to mainboard came 1 day after they made known the mainboard greenlight. Premediated? Or their strategic decision making is questionable where the abrupt change in 1 day.

I like the 1st paragraph: http://www.cnbc.com/id/102323655

http://www.cnbc.com/id/102321394

Don't think it is something bad, esl_22.

suspension could be for a pending material announcement.

Enjoy your weekend, folks.

Enjoy and have a good weekend, folks.

Congrats on your meal winnings, chy72. :)

What sort of Indo safety enhancement initiative is this? Mercy...

http://www.cnbc.com/id/102323655

WTI and Brent seems to be bridging their price gap.

Hope my friends here are ok, if not now, eventually you would. Cheers.

@caseykhoo808: Just click the 09/01/2015 item under Headlines above and you should get to see what Kenaga has to say.

:)

http://www.bloomberg.com/news/2015-01-09/oil-extends-rebound-amid-speculation-u-s-shale-boom-is-slowing.html

http://www.bloomberg.com/news/2015-01-09/oil-extends-rebound-amid-speculation-u-s-shale-boom-is-slowing.html

http://www.bloomberg.com/news/2015-01-08/opec-finds-everyone-else-guilty-in-oil-glut-blame-game.html

http://www.bloomberg.com/news/2015-01-08/no-matter-how-low-oil-falls-u-a-e-envoy-says-don-t-pump-less.html

http://www.bloomberg.com/news/2015-01-08/oil-plunge-fails-to-halt-alberta-oil-sands-as-output-hits-record.html

@DickyMe: Same sentiment too. Stay watchful. :)

IFCAMSC was up by a staggering 11sen (15.4%) to RM0.82 yesterday on higher trading volume. Chart-wise, the stock has broken out of a descending triangle, with all 3 SMA’s heading upwards. The White Marubozu observed yesterday also confirms strong buying interest in the stock. Key indicators are all bullish as the MACD has just crossed over the Signal Line, while RSI is bent on hooking upwards, with more room to grow. Short-term traders can expect share price to push towards RM0.93 (R1), while longer term investors can expect share price to push towards our long term measurement objective to RM1.25, should buying interest remain resilient.

Source: Kenaga

Some coverages on China's property arena:

http://www.cnbc.com/id/102319773

http://www.cnbc.com/id/102218625

http://www.cnbc.com/id/102112727

congrats on your gain, oxygen.

http://www.bloomberg.com/news/2015-01-09/why-opec-is-talking-oil-down-not-up-after-48-selloff.html

http://www.cnbc.com/id/102323210

http://www.cnbc.com/id/102323340

patience. :)

ha..ha..with smartphone my morning greeting can be as early as the moment I wake up. :)

My thought would be to observe global macroeconomic indicators to decide if further commitment(s) would be rational.

@esl_22: In the hands of the owner(s).

Good morning, folks

Good morning, folks

All about FRACKING: http://www.investopedia.com/video/play/what-fracking/

Ok..trying to kick the habit..need time.:)

@smurfbee: seems that the mainboard is a legitimate springboard here.

Glad to see people happy.

Pertaining to EPF taking a position, no announcement noted as at now.

ECB: 22/1
GREECE: 25/1
FOMC: 27 - 28/1
1MDB: 31/1 extension expire

And... http://www.theedgemarkets.com/en/article/credit-suisse-malaysia-needs-revise-budget-2015

@Solidcross: As much as the regional indexes are presenting rebound indications, let us not forget the upcoming ECB, FOMC meetings and the Greece Election which could influence overall sentiment, and not forgetting the oil prices and the talking point on 1MDB. Cheers.

Ooo...Bro Strategisst. he..he..

Smurfbee: waiting for you to countdown to 1 April 2015. he..he..

@esl_22: http://www.thestar.com.my/Story/?file=%2F2010%2F7%2F14%2Fbusiness%2F6659149&

Yo, Siva, keep our fingers crossed, as usual.

I shared this link earlier. Might be good to check it out: http://www.cnbc.com/id/102319556

Title: It's not just oil. Trouble brews for Malaysia.

Cheers.