lol, dropped to 0.36

Some counters overtook SP Setia in term of market capital, that is the reason of removal I guess. But in term of business fundamental, it is as usual

Some funds are not allow to buy counter not listed in the MCSI, probably they will sell to do some reposition. Anyway, the news definitely put some weight on price movement today :)

today quota done...wait see tomorrow

i'm spreading collection over a few days

expecting knee-jerk reaction

taken some small position, private placement up to 15% of paid up capital

i'm thinking whether it is safe to enter now

yup, the private exercise concluded in the last EGM

lol, that sounds like a good one

That is Abu & Co intention wanting Shah to fight hard but will Shah play their game? or he got any backup plan to avoid that or make Abu & Co play his game play ?

having H1N1 flu :)

i stop hunting for tiger only :), now i'm hunting the red octopus :)

misquote

you want cheap, what else you are expecting wor ? :)

you'll know soon :)

so happening :), hope it is true

tommylou - non related = @( , not @&

kytan - how much they are selling the agricultural land per acre at Seberang Prai now ? :)
Normally land purchase margin of financing only up to 50% max, you must have dump a lot of cash into it.

kcloh @ 25 Nov,2012 2:24pm . I gave it a thought also

When Abu & Co entered, do they

1) know there will be corporate exercise going on with IJM soon ?
2) don't know about 1) but got a long term plan for Scomi?

I'm more incline to believe the probability for 1) to happen is higher because their timing of entry is just too good to be true. Furthermore, Abu & co also have stated their stand before that they have no intention for board representation & their entry is as investor only, hence option 2) is less likely

If really option 1), their true intention is to make a quick bucks.

When Abu & Co first threaten to block the IJM ICLSs via their letter to TheEdge, most likely they purposely want public to know their threat & that threat serve as other purpose - to conceal their real intention. I'm not going to believe someone like Abu & Co is going to announce their war strategy to their enemy at public unless they are intending to lure their enemy for something else. They could have block the deals easier if they keep quite, collect sufficient stake & kick Shah's ass out of board during EGM with a surprise & only do announcement on their action later.

Their true intention after all, might be wanting both public & Shah/IJM pack to go after the Scomi shares at the market. Public to after the share for speculation on the corporate tussle, Shah/IJM to after to ensure their deal go on smoothly. When demand outnumbered the supply,the share price will sky rocket, that might be the time for Abu & Co to unload & cease to be major shareholder.

On the Shah/IJM pack, looks likely they cannot afford the deal not to go through also especially Shah. The moment Abu & Co increase their stake, Shah will have to increase his stake also. It looks like Abu & Co game play from the beginning.

On whether underlying to rise after WA expire, I believe more that underlying price will rise the moment they announce the EGM date, that is when the war starts. WA is more like a "insurance" when the fight for underlying in the open market become out of control with interruption from public. They will only starts to convert WA when underlying price shoot higher than their budget - the cost to acquire certain % stake with limited funding. if the have unlimited funding, then it is different story. If market offer cheaper alternative to increase the stake, I believe they will get it from market.

If the WA expired, they have less option - no back up army. Only to go for underlying from open market with the limited funding, that will make the supply of underlying even scarce if war really happen.

But, the question is, will Abu & Co go to that extend if their real intention is just to make a quick buck ? If their intention is to make quick bucks, converting WA with massive loss doesn't look like a option.

Say even though they manage to block the deal by converting WA at massive loss & raising the stake from public, will they accomplish their main objective ? this part I'm clueless & still thinking of the possibilities

perhaps other can add, refine & correct the above, 1 brain got limitation, more brains are needed :)

Shah stake is very close to Abu & Co http://klse.i3investor.com/blogs/valueinvestorresearchklse/20953.jsp

today is Sunday, you guys don't have to spend time with family? :)

kcloh: since when i became a stalker, lol :) ? tonylim announced it himself le

Posted by tonylim > Nov 16, 2012 04:45 PM | Report Abuse

passerby, 2 weeks window for saving 40,000 rgt

tonylim: the way of your asking is a lot more better - looks comforting & softer but it'll not do any good to kytan. A more direct message will make him tougher trader & he'll remember his mistake for quite some time.

Ppl say i'm stalker & you have been warned :)

kytan: sorry in advance if my words to rude, paiseh paiseh :). The few postings on these thread is not sufficient for you to know how WA works. You'll need to read more. Pls don't reveal how much you have in FD here - people are saying i'm stalker :(, very dangerous !

tommylou : i'm not sifu & also far from being sifu - so don't put unnecessary pressure to me. :)

Didn't expect so many reacted over the Gen-X & Y stuffs, it should be stop by now, else everything on Scomi become Gen-X & Y stuffs.

All Dunkin fault for not knowing what is mia ! :)

I think there is another cheaper brand - Kedai Rakyat 1Malaysia brand, that should be the cheapest

The intrinsic value of Scomi - WA = 0, time value = approaching 0. Wanna save the WA by converting, prepare 80k+ for your 2000 lots. Your final cost after conversion should be 0.42 per unit. A sane person will not convert the WA in premium.

If you can come out with 80k for conversion, must well you buy the underlying from market now at 0.37 per unit, your final cost after considering the total lost for WA should be around 0.39. Much more cheaper option.

If you say you are new, looks likely you won't be able to come out with 80k, our friend tonylim needs 3 weeks to prepare 40k. Ugly reality, by looking at your posting, most likely the 4k gonna be your tuition fees to market for Scomi-WA

Last Friday, the queue to buy = 0, only seller. Next week is the last week of trading before suspension on 29

the only safe method is still getting the underlying

if "if" is still a factor, not a good time to hunt tiger. need to drop the plan

if = uncertainty, if you are confident of your end info, the word "if" need to be dropped :)

if really really confident, it is time to hunt the for Malayan Tiger.

Malayan Tiger = E&O-CF, details as at 23/11/12 :-

Issuing Bank = Maybank Investment Bank ( Malayan Tiger )
Closing Pice : RM 0.075
Exercise Price : RM 1.60
Exercise Ratio = 2:1
Underlying Closing Price = RM 1.60
Premium (%) = 9.38
Gearing = 10.67
Expiry Date = 28/12/12 ( last day of trading should be 24th Dec 2012 )
Exercise Fees = by MIB
http://www.bursamalaysia.com/market/listed-companies/structured-warrants/1125257
http://www.bursamalaysia.com/market/listed-companies/structured-warrants/921320

If really RM2.00 as claimed to be offered, underlying should be able to hit RM1.90 within the next 3 weeks, if that happen, there is no way the Malayan Tiger will escape this land mines. The short expiry date will be an advantage to trader.

if hit RM 1.90, the E&O-CF to worth = (1.90-1.60)/2 = RM0.15 (assuming zero premium or discount)

but , if po..p..e & nothing happen to underlying price movement or underlying drop below RM1.60 within the next few week to 24th Dec 2012, be ready to be eaten alive by the Malayan Tiger. There will be total capital lost ! lol

no straight A's, got a pass ! the scoring declining for the same quarter compare to year 2011 & compare to previous quarter.

okla, not the end of the world, it is a trial exam only

another trial exam in the next 3 months

final exam next 6 months, if still didn't score after re-gasification terminal start operating, time to do some caning

So many events next week, looks like they are generating this feel good factor, lol

russ: if what you posted earlier is accurate, that date is after Sime report card! & what a coincidence

:),looks like by now, most the ppl following the thread know the actual meaning of YUB won & po..p..e

be smart, observe overall market sentiment also.

You be the judge that day. The theme to play, sell on news.

normally the moment they speak so confidently, it means they have secure some bulk orders from institutional investors, else, if cannot hit the target, where to place his face ? Do you think Tan Sri is that kind of people that can afford to lose face type? :)

even if the cannot sell to public, they still got battalion of SP Setia & Sime Darby staffs , each division high ranking officers take 1 unit easily help to achieve the target already.

No money, contra from salaries :), lol

the ex banker got some nick = frying king

http://www.theedgemalaysia.com/business-news/225602-the-epf-may-buy-some-sp-setia-placement-shares-but-not-sime-darby.html

http://klse.i3investor.com/servlets/anpth/595753.jsp

report card on 12th Dec 2012, now already making smoke, watch how the ex-banker do the timing :)

http://www.theedgemalaysia.com/business-news/225596-sp-setia-aims-to-sell-london-battersea-phase-1-within-6-months-.html

http://www.theedgemalaysia.com/business-news/225598-new-setia-city-mall-100-tenanted-expansion-underway-.html

looks like really need to makan sendiri already :)

next week still can trade until Thursday, after Thursday can only pray hard underlying hit above 0.40 for conversion - provided you got cash to exercise

you are still in ?

lol, no buyer. need to makan sendiri already

most of them sold it

remember the message that is non related to E&O few days ago? you can count on that if you get anything. won't be any po..p..e

if you don't get anything, just forget it :), busy weeks ahead
after this, no more time to log in, adios langkawi war monger

today is report card day

next week, Axiata, Maxis & TM will be reporting their quarterly financial report

Axiata & Maxis on 28th

TM on 30th

Concurrently UMNO general assembly from 27th Nov to 1st Dec, suspecting market reacting over UMNO general assembly ?? just a guess

sheridansulik, got any news from your birds ? :)

drained it too early, should have waited..

lol, how come i'm running the opposite direction. cilaka, drained all my credit today

wah , 0.375...

gen-y, below 30

earlier question? about gen-y thing ?