newdesk I like your spirit and sense of drama. Helps me to imagine you as you give your comments.

fortunebullz, OK I will try as soon as I have time. But please up your standards in your comments. I hate to see people being flown to Holland! Peace, friend.

Let's hope for the sake of many countries including our own, that crude oil price will cross USD80 and stabilise again at around USD100/barrel soon.

fortunebullz, congratulations for being able to sell at 3.20!

Going up steadily. Chances of getting New York Casino license is very good before Christmas. Genting also have Casinos in Bahamas (off Miami), a giant one in Las Vegas and Jeju island South Korea. The present price does not reflect these properties..yet. Should start reflecting once it secure the New York license!

newdesk, a big welcome back kiss and hug to you. The ladies always seem to excite the 'market'!

Hold the line babies. It's a mind game they are playing!

Even if the manipulators keep the price low after Q3 results are out and bonus announced, I say still should not sell. Chances are, the price will finally rise such that it should be very much better than FD interests!

Good closing today.

So don't depend on speculation to lift its price. Keep your eyes on the ball - SKP's fundamentals and crude prices. Even if Funds are buying, they may soon run out of funds allocated to the SKP, especially if the market is still finding a new 'normal'. The Funds cannot put too much funds in one stock before they have to sell to reduce loss if the price continue to slide! EPF had spent at least RM62 million buying SKP in the past 1 or 2 weeks. It should not put much more in SKP before questions of prudence arise!

Yeah, I made something on that up-shoot.

SKP's core business, drilling, is affected by the crude price collapse. Its RSC (the 'R' stands for 'Risk') is still a substantially a work-in-progress. We do not know what are the other clauses - whether the 16% guarantee is iron-clad or subject to conditions. If so what are the conditions?! It's maintenance business with Petronas is OK at the moment. But its core is struggling, especially under heavy debts. We should wait and see 1) whether crude prices will settle to a new lower 'normal' and 2) whether there will be a re-rating for SKP.

Genting is still on an aggressive expansion mode. Very good chance of getting casino license in New York as well as in Japan. It need its profits to part finance its expansion. That's why the miserly divvy!

So hold on to your Genting Bhd shares; it's a medium term buy!

Genting won't drop much. It is very much undervalued. The only thing keeping it's price down is its miserly divvy. If it gets a Japanese casino license, its price likely to at least triple!

Buying momentum not sustained?

Why is KSL's price rising so slowly, unlike MYEG's which shot up when bonus was announced? Any possible issue with coming quarter results, any one?

SS661M yeah, but Christmas is still over a month away. Oven will burn up if turn on now. But turn on the KSL oven now!

stkoay, how do you mean? Proprietory traders at work?

Hefty buying going on now...

watchme, thanks.

watchme, what is your oven brand?

A few hefty selling going on.

If the plunging crude oil price had really reduced SKP fundamentals, even buying by funds will not sustain its price for long. So don't waste hope on them. My 2 sense worth is to wait for the crude market to stabilise. In the meantime, for those who can read charts, trade SKP. If you can't read charts, it is advisable to stay off this stock until crude oil price finds its new bottom. There is plenty of time and plenty of better stocks for value/growth investing.

SS661M, bro Christmas turkey never got off my dining table. What I want is to buy a Panasonic Dimension 4 microwave to roast it. It cost RM2K and I am hoping to use KSL's divvy/winnings to buy it!

alphajack, I agree with you. And I would add that KSL's housing projects are concentrated in the RM500K max segment that is not affected by the slowdown. It also have Mall and hotels with strong recurring income of > RM120 million per year. It is building a new Mall in Klang. Besides it has a new policy of paying at least 30% of its net profit as divvy! It offer shareholders the option of having the divvy in new KSL shares or cash! So shareholders will participate directly in KSL's profits. This is also a stock for the big Funds lah!

That's a good stock, Fiammi. Tks, Ben.

stkoay, good morning to you.

newdesk, hugs and kisses to you too. You are so feminine!

Thank you bro. God bless you.

Good point bro.

Or maybe investors converting to mother so gain bonus and divvy!

Yeah you are right. Just market inefficiency as the theorist will say.

Because there are too many sellers with too much crude oil and less demand, the price likely will continue to find new bottom . Please read my previous posts on demand for crude.

Good question. The oil producers will pump oil from existing wells in production. They don't need new wells to increase production. They just need to increase the pressure in the wells (for older fields) or turn the spigots wider! This is now a buyers' market. A few months ago, when crude price was around USD100/barrel demand was still high and it was a sellers' market. Marginal fields and new and more expensive fields can then be exploited, especially by SPACs. Now with the plunge in crude prices, such fields are likely uneconomical. The shale oil output increase in US is via hydraulic fracturing, horizontal drilling and octopus drilling for which SKP is not known to have the technology.

But the pressure will still be on Russia. But if the Russians out of desperation starts pumping and selling crude at dirt cheap prices to maintain cash-flow, then all deals are off. Crude oil price likely then have to find a new lower bottom..say >USD50/barrel. The winners will be US and Chinese consumers and respective economies! Never back a fox, much less a polar bear into a corner!

The likely outcome to stabilise crude prices is a covert deal between Saudi and US shale producers.

OPEC cannot control the price even if it wants to. Too much oil and China demand slowing. Besides with US's QE stopped, there is no more cheap money (OPEC trade in USD) and borrowings will become more expensive when/if US Fed raise interest rates. OPEC countries will need to keep pumping crude to balance their national budgets and maintain market share. Libya is coming back on-stream and Iran also once sanctions lifted. Russia have cheap finance from China (e.g. USD70B upfront payment to Rossneft for future delivery of crude; other deals with up-front payments also - likely USD400B Siberia gas deal with Russia's Gazprom also involves massive up-front payments). That's likely why Russia can finance it's war in Ukraine and is weathering the pull out of Western funds. It's likely a fight to the new bottom for crude oil price!

SKP likely to drop unless the bank-linked funds and fortune teller supports it. Remember the banks are exposed in SKP. However I think even the funds will trade on SKP beta to recoup some of the losses.

According to my charts, if KSL closes above RM4.71 in the next few days, it's likely to surge past RM5.

If KSL decides to REIT it's rental and recurring income (hotels) before 10/9/2015 (possibly if it wants to raise funds for business expansion without borrowing from the banks), then the bankers (KIBB) are likely to lose their shirts!

Expiry date for KSL-WA is 19th August 2016. You likely won't end up with nothing as is possible in an European style call option like KSL-CA or KSL-CB. You can always convert to mother share. It all depends on whether you are better off or not upon conversion at maturity date. E.g. your purchase price is RM2, conversion is RM0.80 i.e after the coming bonus 1:1. If on 19/8/2016, the mother share is RM4 and you convert, you gain RM4-(2+0.80) = RM1.20 ringgit per warrant or 42.8% profit over the your combined costs of warrant conversion. If the mother share is RM2.50, at maturity date then you will be less well off by RM0.30 sens if you convert. You should still convert because you will be paying an extra RM0.80 sens for each mother share instead of RM2.50 if you buy it from the market. However if the mother share is RM1, should you convert? I would say still convert if you think there is prospect in the mother. You pay only 0.80 sens more instead of RM1 for the mother in the market. Only IF the mother drops below RM0.80, i.e. the conversion price, should you not convert and just buy the mother form the market. But long before this happens, you would have sold the son to avoid going down with the mother.

The point is this: With convertible warrants, you are unlikely ever to lose everything; unlike non-convertible call-warrants like KSL-CA and KSL-CB that are settled in cash. And in the case of KSL, the trend indicators for the mother is North at present and future prospects based on fundamentals are very unlikely to turn South.

Yeah leverage on the warrant to max caoital gains...but remember warrants do not have divvy.

SS661M, bro let me think about those figures further. Something still niggling me..

Yeah huckle, I've rechecked. Thanks for the correction! I should hold on to my warrants then.

Bernard01, don't worry. They will also issue bonus warrant 1:1 along with the mother share 1:1 bonus. The exercise price remains the same i.e. RM1.60 to exchange each warrant for a mother share.

SS661M, I have rechecked my calculations. I stand by it. But let's move on form here.

fortunebullz, apparently you don't understand English grammar. From my posting above, can you conclude that I bought SEAL at 1.49? As you suggested, let's forgive and forget.

Sorry, SKP forummers, I don't mean to bring SEAL here. From now on I will not answer fortunebullz on this subject in this forum!

Kian Leong Lim, thank you for your wisdom. Yeah, to me, mistakes and failures can teach much much more than success ever could!

Hopefully not big as in 'tai wok'!