Two fed meetings coming from here to end of year.The feds gonna give this bear a few slaps. Just wait for after fed meetings than buy and hold tight for Santa to rally. One rate hike expected, could be in Nov or Dec.

Two fed meetings coming from here to end of year.The feds gonna give this bear a few slaps. Just wait for after fed meetings than buy and hold tight for Santa to rally. One rate hike expected, could be in Nov or Dec.

Gomen still wants to whack big corporations. Look at ytl and power, also shaking. Whose turn next to face the sharp axe and big stick??

Aiya! Just throw in the package a free crook ket bridge, everything kaotim lah. Mahathir happy cukup, all lights will turn green. Gamuda fly to above $3 in one blink of the eye.

Plus that will force singapore into new water supply deal with Malaysia and that water Gamuda can supply, no problem. A win win for everybody.

Plus that will force singapore into new water supply deal with Malaysia and that water Gamuda can supply, no problem.

well done. Maybe it was the LRT 3 go ahead given by PH gov't.

Crooked bridge is idea to reset water agreement of 1960's. Singapore will have to renegotiate water supply under new contract, which will require them to pay new rate. Not likely they will agree.

could be a nice day today.

qqq3 Yeah alot of the money go overseas and then make u turn and enter the private accounts of high profile kaki like Malaysian official No. 1
Investors either lose money 90% of the time or if make it is usually just ikan bilis.

ok pass the test. Monday go back to 65 sen.

PH goverment and Gamuda better give each other a hug and make peace, if not kena lah.

CNN latest updates. Trump pung sai again.

Dow tumbles over 500 points, bringing 2-day losses to more than 1,300 points.

America is hurricane country. Never know when the next storm is coming. Dow can go down 20 - 30 % in a matter of days. Be very careful.

Stock_god Tomorrow 2.50, Monday 3.50 !!! Ha! Ha! Ha!

This counter kena some disease. The doctor also do not know what it is.

Gamuda lost more than 50% since GE. If Dow drops 50% than we can compare.

Gamuda lost 30% in just 3 days. If Dow lose 30 % in 3 days than we can compare.

IMO The issue with MRT2 will have to be resolved very quickly, maybe by this weekend. By monday maybe can see Gamuda at $2.60 - $2.80. Just a prediction.

WOW!! Ini kali kena left right left right !! Terus TKO !! Masuk ICU lah.

Hopefully today can withstand tsunami. If TA and TAGB can stay unchanged, can consider to be very good lah. Don't go up never mind, just don't go down.

https://www.bnnbloomberg.ca/turmoil-looms-for-aluminum-again-as-key-plant-shuts-down-1.1146781

The shutdown is expected to last at least a year. Alumina shortage may cause further spike in prices. This could be just the beginning.

How much stock Alcom has??? He! He! He!

Hopefully he already kenyang. If not we have to continue to hide in the reefs.

In hokkien people say, cha lan toh lah.

Yes it is true. The way people are is that if you do one wrong they will not forget but if you do 10 good things they will not remember. So how is Tony going to fix this?

It is quite shocking to see such low volume and no interest from investors. The buying was almost all by Tony. As soon as he stops buying, very low volume and price starts to weaken slowly. All of this even though the new valuation shows, each TA share is worth $2.60 !!!!!!
Cheap sale but investors still not interested.Got very good dividend and p/e is so low at only 3.51!!!!
How to blame Tony for this low price? Investors have no faith and no interest in this counter.

Looking back, there were two main outcomes of this mgo.
1. Datuk increase his shareholding from 32%+ to 38%+
2. TA NTA went from $1.55/share to $2.60/share

What next?

Jackkin The following announcement tells us of a pending mgo for tagb if Tony achieves 50%+ and the offer than goes from conditional to unconditional for TA Enterprise. With a successful mgo, tony would have triggered the mgo for tagb.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5845905


What we need to note is that Tony has been buying from the open market since the announcement. His tagb stake from 32%+ is now quite close to 40%. Therefore the mgo for tagb will be triggered even though he is not successful with the TA mgo.

As for TheContrarian claim that Tony has 75% stake in tagb is a miscalculation on his or her part.
The mistake is by adding TA's 60% stake in tagb and tony, alicia and joo kim stake of 15% to make a grand total of 75%.
Doing that is a mistake as TA's stake is not entirely Tony's stake in tagb, not until he buys over all TA shares and achieve 100%.

For now tony has close to 40% stake in TA and also close to 40% stake in tagb.

TAGB MGO IS JUST ABOUT TO HAPPEN. Hold on tight. Thanks for asking Jackkin. God bless you with knowledge and lots of wealth. Cheers!!!!

I will urge all minority shareholders to not give up and sell at such a low price. Together we are big and strong. Hold tight and mati also don't let go. When we show courage, we will get support from our creator.

Chang24 Yes, TAGB is indeed the main target. If Tony does not revise upwards the offer price for TA then TAGB mgo offer will be at 30 sen and another long wait while he keeps buying at low price from open market. Frustrating but minority investors can only watch this slow moving train and hope for something down the road. I will wait for however long it takes.

Appreciated, thank you.

The MGO rules are complex and can be very confusing. When mgo was announced on July 02, D+21 was supposed to be on July 23, Tony got bursa to extend and change to sept 12, which gave him a lot more time to purchase on open market. So a mgo with complex rules became more complex with this extension given to him. If one does not follow the news very closely will become very puzzled with the length of time this whole process is taking.
We bloggers give updates to fellow bloggers just to share information. Take it with grace, please don't criticize. This forum is for sharing and encouraging.
If anyone is not sure about somethings, please ask for clarification. we have a lot of helpful people here who will be willing to provide information and clarification. We are not experts, but try to help.
To the best of my knowledge, TONY CAN REVISE OFFER PRICE DURING D+46 WHOSE LAST DAY FALLS ON OCT 05.
If this is not accurate, I will be very happy to hear from anyone who thinks otherwise.
Thank you.

Soon there will also be a MGO for tagb. Tony is already close to 40% shareholding in TA. His tagb stake is also getting close to 40% as well. Interesting right?

Why worry about sept 12? Tony can revise the offer up to D+46, which should be Oct 5th. Once he knows not enough sellers to achieve 50+% he can offer new price according to his estimate. Maybe can offer $1.50/share. Many will sell for a much more reasonable price, including those who bought at high price a few years ago and still holding.

Don't worry,Just to help clarify further, sept 12 is as follows:

First Closing Date : 12 September 2018, which is the 23rd day from the Posting Date

For conversion 2.64 ICULS : One (1) ordinary share of RM0.50 each in YTL Land ("YTL Land Share")
How is owning iculs better than owning ytlland?????

Something is in the air. By end of day should know lah.

Quarterly report tomorrow. Time to up the offer price and race to 50%+ for Datuk. Make a good offer and there will be many sellers. Hope long term holding investors get a Merdaka!! Gift.

Quarterly report out tomorrow.

Let's see of Tony is buying at 66.5 sen today. If he does then the show begins.

Fear kills the brain. Have faith and let the invisible hand lead you.

Hold on ladies and gentlemen, ye shall be rewarded, amen.

Hopefully with PH gov't such breaking of rules do not happen.Rules are rules, no more kopi-o stuff. If happen we have to make lot of noise.

Announce special dividend lah, make everyone happy.

Datuk already purchase 1.153% (currently at 33.773%, up from 32.62%) from open market since announcement. Looks like in another 2-3 weeks can achieve 2% ceiling.

When the offer period ends, there are two possible outcomes. Either the buyer (offeror) achieves 50% condition or the buyer does not achieve. If achieve, the buyer accepts all shares sold to him. If not achieved, buyer cannot accept the shares.
After offer period the share price will start to move up or down as before. Hopefully up. He! He! He!
Nobody knows !!!

enid888 That is a sui sui report. Thank you.

Direct deposit on payment date today. Thank you Datuk.

Villa1668 There is a very comprehensive file on RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS attached here:

https://www.sc.com.my/wp-content/uploads/eng/html/resources/guidelines/tom/160815/tom_rules_160815_complete.pdf

The rules are so many, some rules will override others. So it is rather complicated.

From my understanding, during the offer period up to the 59th day he can purchase from the open market at above the offer price and make a new offer based on highest price paid during open market purchase. He will need to give two weeks notice before the maximum offer period which is 74 days. Which means the two weeks notice would be from 60th - 74th day.

Another rule states he would need to make an offer before the 46th day from beginning of offer period in order to make a revised offer. In this case I guess it can be done without having paid a higher amount in the open market.

There are also many rules in the notice of MGO as follows:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5843229

Let me know if you find something interesting from this file that you would like to discuss.

Why did Alcom sell their treasury shares and why at low price???

villa1668 Thanks for showing leadership and posting Topic 20. I hope as well, investors will show strength like Jackkin. It is by educating minority shareholders that the demand for a better offer will be louder and stronger. We need to stand together, it is the minorities PAKATAN HARAPAN !!! Cheers !!!
Also special thanks to all our many strong supporters on this forum, especially Calvin.

TheContrarian If you look at the unconditional mandatory takeover of Petaling Tin which is currently happening, you will see they are having the problem of some shareholders not selling to the offeror even though he is currently offering 40 sen. His first offer was for 24 sen. The Tan Sri has 90%+ and wants to round up the final 9.9% but only 3% are willing to sell. They had no choice but to extend the closing date by another two weeks to July 26th. If you read the following link, it is reported that in order to do a compulsory takeover of all remaining shares, he needs to buy 9 out of 10 of the remaining shares he does not have to invoke the compulsory takeover rule. I have copy pasted the rule as follows or refer to the link.

• Compulsory acquisition and rights of Dissenting Shareholders
In the event the Offeror receives Valid Acceptances of not less than nine-tenths (9/10) in
the value of the Offer Shares (excluding PTB Shares already held by the Offeror and
persons acting in concert with the Offeror at the date of the Offer) on or before the Closing
Date, the Offeror intends to invoke the provisions of Section 222(1) of the CMSA to
compulsorily acquire any remaining Offer Shares from the Dissenting Shareholders.

This offer is made when the Tan Sri already had 90%. So if he is required to receive valid acceptances of not less than nine -tenths of the remaining shares, it looks like he will need to get to 99% before he can do a compulsory takeover and achieve 100%. Good luck to this Tan Sri.


http://www.bursamalaysia.com/market/listed-companies/company-announcements/5841677

Only if Tony acquires 90%+ then he can apply to delist the stock from Bursa. You are not forced to sell but your problem will be If you need to sell, it cannot be done on Bursa. My guess is you will need to contact the company and try to negotiate directly or find someone to buy your shares. I heard there are some people who will not sell and just collect whatever dividend or other payments the company makes. I hope someone with such experience can share some information with us. I wonder if the company need to contact the small group of shareholders that continue to retain their shares whenever the hold their meetings, discussions etc. Imagine going to the boardroom, sit there in a 3-piece suit and listen to the plans and give some ideas to the management, Ha! Ha! Ha!