Haha ,, how can a major shareholder cut loss?

If & in case margin call, do you that VIP investor will sell JAKS only? Can't he sell other share he has, like VS, SENDAI, LATITUDE or even EG (as rights is on the way)? SO .... better watch out, don't just think he will sell JAKS only!!! But knowing him (from his blog writing), I doubt ! He will surely trying to maintain his margin position by all means.

Since the private placement cancelled, someone who were interested/supposed to get shares in private placement has no choice but need to buy it, so he got it from one of major shareholder by DBT (Direct Business Transaction), 15 mil shares.

acadi: you are confusing people here!!! Do your calculation again!

Ai yah... why so worry about the retracement today? It is just normal for a counter to come down when not so good quarterly result announced! It will surely bounce back next week, just look at MEDIA, I bought on Wednesday at 66.0 sen and sold today 75.0 sen, handsome gain.... same saying ..... When people are fearful, we shall be greedy!!! HAhaha ....Cheers.

KHamster : It is just the strategy to collect more shares from market, by averaging, their cost is still very reasonable, no way they can collect enough shares if they are just waiting and hoping to collect 200-300k daily, some day the volume traded is just less 200k, might you, for 11 market days this month, 6 days traded volume is below 200k, furthermore there are people waiting to buy if the price is low enough. On top of that, about 75% of issued shares is controlled by Berjaya and DYMM, then few % held by other major shareholders like Dato' Wei, Lau Bik Soon, and others. SO.... don't be surprised if this counter is cornered one day!

M&A in the making ? As what the Group CEO hinted in The EDGE on Monday?

Why the current price is so low? A BIG question that the MD couldn't understand too... let me put it a simple scenario from a trader point of view, my 2 sen view:
1. When the private placement was announced, investors are waiting for clearer picture of the private placement on the price (although management wanted it at 59.0 sen) and quantity, this waiting period causing the uncertainty that dragged the price down to around 40 sen
2. Weak oil price, although REACH's production cost is only USD40, but how many people cares, what in their mind is just that weak oil price is no good for REACH
3. When the private placement issue cancelled, people taught that the company will be having problem to raise RM180mil, but forgotten that there is other avenue like borrowing/loan or even getting a partner
4. BURSA market sentiment is real weak for second/third liners, more so O&G counters, people just lost confidence or fearful

The above 4 points that I can think of at the moment have created an imbalance of SUPPLY & DEMAND which subsequently causing a 50% off from fair value of 75.0 sen.

NO worry, the price will recover soon, if yesterday price (35.5 sen) was not bottom, then how low can it be?! I believe .... when people are fearful, we shall be greedy!!! Cheers.

The Group CEO Lau Bik Soon said "REDTone is open to Merger And Aquisition (M&A) opportunities that will add value to their business."

How come only compare month of July for 16 & 17? Volumes for 17 has been better than 16 Q to Q.

Looks like supported around 18.5 to 19.0, maybe will go higher once the sale of subsidiaries completed

The more you promote, the more sceptical I am...TAKUT!!!

The more you promote...the longer I will wait to buy!!! Haha ... I am not first day in market.

How to have good results? Restaurants in Resort World were closed down since February, no news of new opening yet.

And the price keeps dropping.

Make me worried now... why no results announcement?

Funny! Still there are people trying to promote VIVOCOM here! Be careful of VIVOCOM too! To me, it is vivoCON.

Those who converted the warrant are actually victims of recent price surge! Now being conned! Not surprising if it goes below RI price of 15.0 sen!!!

With the ex-date for rights issue set, no hope for rebound in near future, see you after mid August.

Jump start today! What is UPcoming?

Just start surging!

Just wonder who are collecting these few days ?

That is a jewel in REDTone and which will fit in very nicely into U Mobile network expansion, the 4G spectrum!!!

More good news coming is definitely an added new catalyst .... BUT from the results announced, it is already turned around and can expect better financial results in quarters to come.

You think every counter also like ANZO meh....

Still in accumulating mode? How much more to collect before pushing kuat kuat???

One of the Jewels recommended by ColdEye and RHB ....it's time to move up higher and higher, catching up ...TP RM1.60

jTIASA is one of the 25 Jewels Small Cap by RHB Research. TP RM1.61, 40% upside!!!

Haha ,, they were trapped in 2014 @ 2.50 and above ... then Mr. Koon kept quiet on this counter. Now, it is only RM1.11 and Mr. ColdEye is happily buying at half the price.

Further buy today. Buy when people sell.

常成控股（JTIASA，4383，主板工業股）
-17萬英畝的棕油園，大概每畝1萬2000令吉至1萬3000令吉。
-用企業價值（EV）來計算更好。
-砂拉越最大的木商，擁有170萬畝的森林，木柴資產占全部資產的42%。
-如果將木柴業務售出，棕油園每畝只需要7000令吉。
-反向——從3令吉跌至1令吉，之前私下募股以3令吉售出。
-下跌風險小，上漲空間則不清楚。
-公司大部分棕油園到了第7年的黃金時期。
（注：棕油3年開始結果，第5年開始收支平衡，第7年開始賺錢，第17年以後產量走下坡。）
-4 個棕油提煉廠，最大的其中一個開始投入生產，今年比去年產量將大增。
-雖然欠債高，但是現金流強勁，棕油肯定賣的出。
-但是缺乏股息，所以股價才如此低。

Should view this counter as a plantation counter instead of timber counter.

Managed to do some bargain Hunting today, good opportunity to buy at cheap when people were scared by some negative and unrealistic comments. Bought 233k today. Sometimes it needs to take a break before going up higher, lovely. Will get in more tomorrow before it shoots up again. Maybe this time above 60.0 sen. Cheers.

Haha ... you guys are still around with this counter.

Ya... time to look at my lucky stocks again after selling my DANCO yesterday. Good news coming, thrideye?

Finally almost to my TP RM1.80, time to let go, let's others to carry on with the profits, Bye bye to DANCO, thank you very much.

Sell in May...then buy back higher in June!!!!

Yes, jump start opening! TP RM1.80 soon.

I bought too early, exactly one month ago (see my earlier post)... haha...luckily earlier than never ...now 1.62, well above my cost, more to come with EGM on 02/05, Ex dividend on 03/05 then Ex date for splitting and free warrant. Exercise price of warrant is only 30.0 sen.... beautiful!

Cheers ...managed to get 1.0mil shares @ 11.5 today.

Do your own calculations! I have no time to show you details mathematics .... make money is more important from this counter today! Yes, buying cheaply.

The details of the valid acceptances and excess applications received as at the Closing Date are as follows:



No. of Rights Shares



% of total Rights Shares available for subscription

Total valid acceptances

1,337,089,964



88.16

Total valid excess applications

590,518,794



38.94

Total valid acceptances and excess applications

1,927,608,758



127.10

Total Rights Shares available for subscription

1,516,620,000



100.00

Oversubscription

410,988,758



27.10

The Board has approved and allocated the Excess Rights Shares applied for under the Rights Issue in the following order of priority in accordance with the manner as set out in Section 8.4 of the Abridged Prospectus:

(i) firstly, to minimise incidence of odd lots;

(ii) secondly, after step (i), to allocate to the Entitled Shareholders and/or their renouncee(s) and/or their transferee(s) who have applied for Excess Rights Shares; allocation will be on a pro-rata basis and in board lot based on the quantum of the Rights Shares subscribed; and

(iii) thirdly, after steps (i) and (ii), to allocate to the Entitled Shareholders and/or their renouncee(s) and/or their transferee(s) who have applied for Excess Rights Shares; allocation will be on a pro-rata basis and in board lot based on the quantum of Excess Rights Shares applied for.

After steps (i), (ii) and (iii) were completed, steps (ii) and (iii) were repeated to allocate the balance Excess Rights Shares until such balance was exhausted.

Everybody also says 'drop will buy'.....sure or not? Buy how many shares? Remember ... excess share available @ 10.0 sen is about 179Mil. Hopefully I can get few millions out of it at. maybe, 10.5 sen. Pay extra of 0.5 sen is okay..... ya btw, somebody says this earlier 'Setia 2u, 是菜鸟一支', I love it simply because I am always NEW in market! Haha...cheers.

Based on the announcement today,

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5398885

179Mil share excess shares available for distribution, and their cost is just 10.0 sen, will they sell to take a quick profit? Good enough profit with 10% on Friday or wait for 20% or more later? Can the market aborb the selling pressure? BTW, I already sold my original shares today @ 12.5, buy back opportunity on Friday if the price is right, i.e. 20% below my selling price today.

Haha ... You will know by Friday!

If you have the original shares now, better let go today before those who subscribed to rights selling .... I wonder it can hold at 12.0 then, maybe 11.0 sen... but no worry, for short term only

New shares will be listed on 21st April, better learn how to read the BURSA announcement!!!

Further buy @ 26.0 today... no fear.

Up & Down is the norm of market, buy on weakness, not to worry.

Can go all the way to 40.0 sen before facing resistance. Cheers.