RM 0.53 OMG New Low !!!??? Who are brutally dumping the shares?

Contra players may get burnt but at least they would have exited and cut-loss. On the other hand, pick up players may end up holding on to the shares while its price slide into oblivion.

In order to find out who were the major shareholders that had aggressively dumped the shares into the open market yesterday trapping many retail investors, we must wait for the Annual Report 2014 sometime in end of August 2014 (changes in the shareholdings of the 30 major shareholders). I myself also kena trapped.

Aggressive sell-off by someone to depress the already battered share price. Unfortunately, we can only find out the perpetrator in the company's 2014 Annual Report in mid 2015.

Possibly sold @ RM 0.165 around 25/04 but announced as sold on 06/05 @ RM 0.14 consistent with Section 29b shareholding change. Any regulatory mechanism to check all these, if any?

Thanks to TA Securities.

Heh-heh, You will then receive 30 postcards from PCC all in 1 day because for the last 5 months he had sent the post cards to the wrong address LOL, bluff children.

Goldman Sach & Penta Investment Fund Throw + VT Catch.

Don't worry in October 2014 we can find out once the Annual Report for 2014 is out.

How you guys know the dumpers are Credit Suisse & UBS? As far I know they hold less than 5% so even if they sell, they don't have to announce. Last week I suspected them to be the culprits but was unable to confirm.

BPSB Nominee 1 Q2 Buy @ RM0.04 BPSB Nominee 2 Sell @ RM0.04. Total BPSB shareholding at the end of the day = no change.

Is Richard still drawing director's fees? It is best that he leaves the co. because his cause is not congruent with the co. anymore.

From The Star Online Published: Saturday March 29, 2014 MYT 12:00:00 AM

KUCHING: Hubline Bhd’s second largest shareholder Pau Chiong Ching had aggressively sold down his stake in the shipping company over the past five months.

From owning more than 450 million shares of 20sen each or 13.9% in early September, last year, Pau had reduced his stake to about 174 million shares or less than 5%. He ceased to be a substantial shareholder after disposing off 8.4 million shares at 5sen each on Jan 29.

The details of his disposal from Sept 3 to Jan 29 were filed with Bursa Malaysia on March 26. He had sold the shares ranging from 4.5sen to 6.5sen each. The stock is currently trading between 4.5sen and 5sen.

Pau had started building up his position in Hubline after subscribing some 141 million new ordinary shares under the company’s renounceable rights issue in September, 2012. His shareholding was further boosted with a series of acquisitions via married deals.

Hubline implemented a renounceable two-call rights issue of more 1.08 billion new ordinary shares of 20sen on the basis of one rights share for every two existing ordinary shares, together with over 432 million free new detachable warrants 2009/2019 on the basis of two warrants for every five rights shares subscribed at an issue price of 20sen per rights share.

The first call of the rights shares of seven sen each was paid by the subscribers while the second call of 13sen was capitalised on the company’s share premium and retained earnings account.

The shipping firm, which operates in Malaysia and intra-Asian regions, incurred group net loss of RM207.7mil in financial year ended Sept 30, 2013 due mainly to hefty impairment provisions and scrapping of old vessels.

In the first quarter (Oct-Dec) of the current financial year, Hubline returned to the black with group’s net profit of RM1.28mil on turnover of RM107.7mil.

The company had reported strong demand for its dry bulk shipping business and anticipated it to be sustained.

Richard sold to PCC (announcements were immediate) and then PCC sold to the open market (announcements were delayed by 5 months).

Sly tactics by PCC, selling and not announcing until after 5 months. A lot of people kena "trapped" teruk teruk.

RM 0.04 is very bad, maybe a potential loan default is impending.

It would appear that PCC & Richard through their joint "silent" exercise had disposed off the last of their shareholdings. Now it seems that the other major shareholders are aggressively selling down the shares among themselves to supress the share price but we don't know why???

For the past 1 week there was a lot of persistent large scale dumping from RM 0.495 to RM 0.500 (76.7 million shares) by don't know who???

Lets us all hope for a hostile takeover from an international hotel chain conglomerate or some reputable private company seeking a backdoor listing.

In order to control ASB's 51% stake is not that difficult as ASB's shares are not that tightly held by the present majority shareholders.

After injecting funds of maybe RM 100 million to purchase ASB's 51% stake, the acquirers will eventually gain access to ASB's RM 118 million cash at bank, hotel chain franchise, lands, properties and other assets.

Investors holding on to this sloth of a stock will not lose a lot of money $$$ .......... but they will lose out on the opportunity costs of not purchasing into stocks of which price had risen significantly like Picorp from RM0.14 to RM0.28 and SMI RM0.16 to RM0.22.

We may have to wait until October 2014 i.e. Annual Report 2014 (Analysis of the 30 Largest Shareholders) to find out which foreign equity/fund managers are dumping the shares mercilessly.

In the interim, any one care to guess who among the following foreign equity/fund managers are the major dumper(s)?

1) Credit Suisse (HK) Ltd. @ 166M shares
2) Goldman Sachs International @ 121M shares
3) Penta Fund @ Combined @ 514M shares
4) JP Morgan Chase Bank Ltd. @ 36M shares
5) Dimensional Emerging Markets Value Fund @ 39M shares
6) PAF II Ltd @ 58M shares

Probably a few foreign equity/fund managers having shareholding less than 5% dumping aggressively from RM 0.505 to RM 0.50. These sell down won't be reflected in Section 29B changes in major shareholding.These people won't queue to sell but they will immediately dump to buyer even at RM 0.50 as happened yesterday and today.

To push to/maintain at low prices: -

B1 queue to buy @ RM 0.045 + B2 sell @ RM 0.045

Those fed-up/demoralised/impatient minority shareholders will also follow to panic sell to the open market @ RM 0.045 where B1 & B2 Friends will queue to eat @ RM 0.045.

B1, B2 & Friends will later buy/sell among themselves to tie back to B1 & B2 initial combined shareholdings.

Spot on Sayangku.

RWLC sell to PCC via off market/married deals @ immediate announcement.

PCC sell to open market @ delayed announcement by 3 - 5 months.

Ripe for Reverse Take Over.

PERMAJU is trading near its resistance of 0.30. It is important to monitor the price volume action near this 0.30 level to determine whether this resistance level will break. Copy quote from asriruslan, Heh-Heh.

A lot of systematic dumping + selling @ RM0.29 but don't know by who?

Candlewick, Just analyse the Annual Report 2012 & 2013 in the 30 Largest Shareholders Section for the movement of the major shareholders' nominees account.

Check out the Section 29B announcement dated 19 Aug 2013 and then ........

Check out the Annual Report 2013 in respect the 30 largest shareholders as at 6 Feb 2014 ........

It would appear that some major shareholder had not filed any Section 29B & 29C announcement(s) to Bursa despite having disposed 300 million shares ......... possibly to the open market ........

The concluded 42nd Annual General Meeting on 26th June 2013 (Actual)

Agenda 2 – To approve the payment of Directors' fees for the financial year ended 31 December 2012 (RM 449,000 as per 2012 Annual Report)

Directors’ salaries and other emoluments incurred for the financial year ended 31 December 2012 = RM 2,138,868

On the other hand dividends for shareholders = Nil or Zero atau Kosong atau Tiada or Boh or Moh or Mei Yoh

This coming 43rd Annual General Meeting (Projected)

Agenda 2 – To approve the payment of Directors' Fees for the financial year ended 31 December 2013 (likely to be not less than RM 449,000)

Directors’ salaries and other emoluments to be incurred for the financial year ended 31 December 2013 is likely to be not less than RM 2,138,868

Dividend for shareholders – Don’t even dream unless you can squeeze water from stone. No dividends have ever been declared by SMI since the year 2006.

Characteristics of a rubbish stock: -

1) When KLCI goes up, SMI goes down but when KLCI goes down, SMI also goes down.

2) SMI consistently pays director fees/remuneration/bonuses irrespective of profit/(loss).

3) SMI does not pay dividends irrespective of profit/(loss). SMI directors are stingy and self-centred.

In the meantime its directors will still continue to get paid director fees/remuneration for doing a rubbish job.

Imagine one day someone acquiring 256,857,916 shares from the open market @ RM 0.145 = RM 37,244,398 thus immediately exercising absolute ownership/control over ASB. Is it possible?

1) Presently the top 30 shareholders only hold 37.79% of the issued shares.

2) Presently there is no shareholder having absolute ownership/control over ASB (> than 50%).

3) NTA @ 0.82 (B4 revaluation of properties) + last quoted price @ RM 0.145 therefore ASB looks dirt cheap.

4) ASB is likely to attract acquisitions/reverse takeovers bids from cash rich investors soon or later or it may had already taken place through sporadic high volumes purchasers @ RM 0.15 lately.

Leaving out Titijaya Group Sdn. Bhd. (major shareholder @ 75.97%), there is only 81,705,000 shares (24.03%) available for trade. So who is systematically dumping the shares at RM 1.44 to RM 1.42? Maybe LTH, maybe LTAT, maybe those unfortunate subscribers under MITI or maybe Titijaya Land Berhad's employees? Who can guess correctly?

RM1.44 also some people sold at loss. Don't know who and why so desperate?

Titijaya Berhad's composition of shareholding 340,000,000 (100.00%) as at 9am 27-Nov-13: -

Major Shareholder @ RM 0.50 IPO Price
Titijaya Group Sdn. Bhd. 258,295,000 (75.97%)

Total = 75.97%

Other Shareholders @ RM 1.50 IPO Price (81,705,000)
MITI 34,000,000 (10.00%)
LTH, LTAT & Others 24,705,000 (7.27%)
Public - Bumi 8,500,000 (2.50%)
Public - Others 8,500,000 (2.50%)
Directors & Staff 6,000,000 (1.76%)

Total = 24.03%

Shares turnover from 9am 27-Nov-13 to 5pm 16-Jan-14 = 157,062,000 (46.19%)

Total = 46.19%

I wonder which party other than Titijaya Group Sdn. Bhd. was dumping the shares at loss below the RM 1.50 IPO price?

3 Dec 2013 after rights issue the numbers of company shares issued = 774,140,200 (100.00%).
3 Dec 2013 to 23 Dec 2013 the number of shares transacted = 826,555,800 (106.77%).
In view of this, there is a possibility that insiders are dumping/selling shares among themselves to cause the share price to spiral downwards. Whatever the motive, I don't know.

Unless ESOS price is significantly below IPO Price, if not why do the employees want to sell at a loss. In my opinion, it is highly likely that the founding shareholders are now cashing out even at RM 1.48.

Unethical dumping/sell down possibly by: -

1) LTH/LTAT if they were allocated shares at a discount i.e. below IPO price; or

2) Pioneer shareholders cashing out/abandoning ship.

Unless LTH or LTAT cost is significantly less than RM 1.50 why would they sell at RM 1.49 to RM 1.50?

I wonder which party dumped 2.65 million Titijaya shares between RM 1.49 to RM 1.50 in the open market today? I guess we will only find out the answer when the annual report is out

I am stuck with the shares since 2011 @ average price RM 0.55. Anyone with the same predicament/privilege as me?

Audited Financial Statement as at 31st December 2012, Losses amounted to 7.5 Million so no Dividend was declared, OK Fair but why pay the incompetent directors Bonus amounting to RM 100K?

Another bad thing. When KLCI go up, Sealink's price go down but when KLCI go down Sealink's price also go down. If you plot Sealink's price against the KLCI it will look like X in the graph.

75% below IPO price, 63% below NTA, no shares buy back program, shares prices depressed/suppressed & arbitration case with Boustead Penang Shipyard don't know who had defaulted on the shipbuilding contract, meanwhile the directors continue to draw their remuneration and enjoy their perks.

This is probably the major shareholders strategy, suppress the price then acquire at very low price from the minority shareholders like you and me.

Got movement recently for in 1 or 2 days but each time it moves a bit, some insider dumped more shares to suppress its price.

Based on the 2012 Annual Report, the 30 largest shareholders held around 85.68% or 428 million shares as of 1st May 2013. Can anyone predict correctly the major shareholder (from the 30) of whom is selling down the shares aggressively for the past 3 months? Great Eastern Life, maybe?

Beside some T + 4 contra forced-selling, some insider/party is dumping to supress the price. Don't know why?