The reality in playing GLC Call warrants is that once near expiry for ANY of the issued CW, 1 mkt maker/syndicate is capable to killing ALL CW issues simply by culling the mother share...

The issuing IB/syndicate share the spoils amongst themselves...while gullible traders/retailers continue clinging on to toilet paper hopes...and repeat this MO all over again

Besides IPO, this is about the only way IBs can maintain their profitability. Open mkt trade on mother share is too competitive & razor thin margin for them. Useless SC/Bursa don't have proper laws in place (esp on liquidity hoarding) to protect retailers

Which makes them just as useless & leeching as our MO1 Gomen..

Useless stock only has 1 potential: F** itself all the way down unless Gomen intervention

taxes backdated since 2011 to anak syarikat..
No wonder viewed as tax evasion crime

"Accordingly the Notice of Additional Assessment (Form JA) from the IRB dated 22 September 2011 has now become due and payable. The additional tax and penalty is RM50,921,871.28 and RM22,914,840.73 respectively."

obviously UEMS price will not be beneficiary of Bajet2017 run-up this year...party ended prematurely since Oct4

Our local upstream O&Gs take too long to react to +ve oil price movements...sometimes no upward bias at all. BUT just a slight shock to oil overnite, their CWs plunge 2bids at opening. Wanna SL also kenot...how to play such game? Xiao. Only mother shar can trade laa...CWs are certain collateral damage

Even these pro oil futures traders are baffled which direction oil futures gonna take...there's too much changing variables & political influence involved

http://www.investing.com/commodities/crude-oil-commentary

UMWOG is already made minced meat...unless SKP will be bumped up by the upcoming budget theme, south is its likeliest destination

Avoid C25 & C26 at all costs...it's being manipulated fully by syndicates (who knows maybe issuer themselves) since Sep29. Newer ones C27, 28 29 are safer. Now stuck at avg 3cents also can't get the hell out...luckily only very small position size

Notice that C25 & C26 are behaving like PUT...not CALL warrants...since Sep29 when SKPETRO shares start to climb? F**king blatant manipulation by issuers...unless they have intention to jack up later. But highly unlikely.. with the OPEC & IEA reports (today) showing increased oil glut and poor Chinese trade data

walao..JCY-CX got smacked by dividen ex-date Sep13. No one noticed this?
Funny this coould happen, since McQuarie claims call warrant prices are usually only affected if ACTUAL dividend comes in higher than forecasted

Regardless of the good/bad/mistimed calls Danny, ARE the news links fake? The one with Supermax senior spokesperson interview posted up in yr blog 2days ago..

So the excerpts of quarterly results interview with the Supermax senior spokesperson (on behalf of CEO Stanley Thai) posted last night...is FAKE? They've all been removed..

As well as FMR LLC response to Supermax's quarterly results and future price outlook?

C'mon guys, it's one thing to bet against each other using own justifications, analyses & self opinions...there's bound to be winners & losers interchangeably...but putting up FABRICATED news links? Seriously??

Is Supermax forum being the 1st to condone this or happening rampantly across other counter forums as well? OMG..

Hi Eric Teh,

What do u mean by:
"I made money in feb-March and now i am not losing any money yet with the same technique. My strategy is accumulate the warrants now. Not to say sure win but chances of winning is high. We don't keep warrants in down trend."

Accumulate warrants now but don't keep warrants in downtrend? Is there a typo somewhere?:)
U mean accumulate mother share issit?

wat profit take? it's been on severe downtrend continuation since Apr6..

Only 2 possible scenarios:
Press to collect...OR project award xjadi

The mother share isn't the one hurting ppl's pockets...it's the call warrant

Safe to say that 4/5 CW punters are suffering losses since Apr started...despite the same techniques which made them money in Feb-March

Any holding capital in these instruments do not give dividen returns, alwys under time pressure counting down to expiry, non-convertible to mother share & also no voting rights in AGM. Is it not a lose-lose venture then?

If u're caught buying at a higher price, do not dream or hope that it'll recover to that level. Remember, time & uncontrollable mkt forces are against u. The best is to cut fast & clean, but there's definitely manage of us who got caught even trying to fish/avg low..

It's easy to avg low/lower & hope for rebound escape...but take extra precaution for those CWs expiring within 2-3mths..

If u guys relying on McQ calculator to mark yr CWPW entry exit levels corresponding to mother share/index movement, realize:

The data shifts at night by 2-bids at least..meaning if u hold overnite yr entry price will ALWAYS be chasing a downward moving target. Meaning loss is guaranteed and breakeven itself is achievement. Regardless if the CWPW expires more than 3mths away

Unless of course u caught a low hanging fruit or entry just b4 the underlying counter/index caught fire

Follow Lee TG's FB post on how he lost 100% on YTLPower CW, despite his years of exp & knowledge. Local issued CWs is a lose-lose game for punters....unless u can catch low hanging fruit everytime (with insider info) and time entry so perfectly prior to mother share movement

Everyday see FGV price being raped down to 1.50-1.51...and thrown down in continuous streams of 100 shares per transaction..cukup menyayat hati lo

This is the so-called biggest capitalized plantation Co in M'sia? Lawak betui

Conjob maksima...new CEO or not :) Must be Emir's PDT team sabotaging

FGV-C4 holders just as kesian....lucky C6 helped soothe pain a bit

McQ must've been so embarrased wth their FGV-C7 offering which ended up conning lots of retailers into holding toilet paper since Mar18...alto not directly their fault due to the cilaka CEO tussle & terrible acquisitions at FGV (plus Jibby's pants continuously on fire)

To make up for C7, they offered FGV-C10 instead. Same specs, longer period

Can any FGV CWs be trusted again?:)

C8 & C6 used to have healthy trading volumes for past 2wks...but suddenly minimal participation since Mon. Mkt makers rejoice...while retailers xikiaokiao

Frankly Jibby doesn't care when yr CW will expire...he can simply markup the mother stock anytime he chooses (or if he remembers)

I guess the casualty rate for those who tried averaged lower on C7, C8, C6 for past 3wks..is as high as 90%? Whole bunch of expired worthless paper. Can't really recall which other counter CWs which has such high mortality rate in KLSE history...except maybe AA

http://www.thestar.com.my/business/business-news/2016/03/23/cimb-research-questions-fgvs-proposed-zhong-ling-stake-buy/

Hmmm...CIMB could be the one blocking the price at 1.49-1.50 then

Every single CW issued on FGV looks like ending up outta-the-money (OTM). What a disgusting conjob & f** total failure

"This share can come anytime without symptom, up fast, down also fast, sustainability in question because idiots dump it befire it can even fly. Look at tiday there r people blocking it"

FYI It's been blocked like that for almost 2wks

Give up la..this no-hoper counter. Designed to CON from start to finish. Guess thye won't be happy till it hits below RM1. CPO fly, FGV dive. Only in M'sia

Look at POS MY today...the kind of Value Cap-like activity that FGV desperately needs..
CV warrant shot up 171%! :)

Judging by this pattern of trading for past 1.5wks, it's very obvious someone doesn't want FGV price to recover. Could be 2 sides of funds of both sides of political divide, decimating each other.

Can't imagine the logic of jacking up 2-3cts, then dumping immediately 2-3cts lower just to do daily short (buyback) and make bread crumbs profit..at such price & small pct gain why would one go thru all these trouble? Might as well manipulate penny stocks easier..

Prior to the big eruption of SEP14 there was 10days of low vol nibbling & such pattern we see today..cross yr fingers this could repeat itself.

I believe most of trapped retailers are C7, C8, C6 holders who averaged lower & lower. For sure mother share isn't at all attractive since Dec & the rock btm TP revised by investment banks.Warrants holders have no voting rights or even voices worth hearing by the FGV board. In short, they don't give a S***

Let this be a very YET necessary lesson to us who still think we can outsmart/piggy ride GLC-related counters for crazy profits

Felda Global Venture must end its value destroying acquisition spree which smacks of utter recklessness and sheer incompetence

Felda Global Venture Holdings Bhd (FGVH) has been the undisputed worst plantation stock performer ever since its initial public offering (IPO) in July 2012. The share price decline was so bad that the company was removed from the Bursa Malaysia KLSE Index stocks last year.

Since its hyped-up listing at RM4.45 per share, the battered government-linked stock closed at RM1.51 yesterday representing a whopping 66% decline in share prices. Despite its acquisition spree since then, FGVH net profits have tanked from RM1.33 billion in the financial year ending 31 December 2011 to a pitiful RM117 million in 2015.

Among its major acquisitions included Pontian United Plantations Bhd at RM1.2 billion in October 2013, Asian Plantations Ltd at RM568 million in October 2014 and Felda Iffco South China Ltd at approximately RM181 million.

The undisputed turkey of the year however will go to FGVH’s proposed US$680 million 37% acquisition of Eagle High Plantations (EHP) at the outrageous price of Rp775 per share in June 2015 whose stock price closed at Rp270 yesterday. That means FGVH will pay nearly 3 times the market price of EHP, an absurd acquisition by any measure!

The EHP deal has yet to be completed but FGVH is in a limbo because the company paid a exorbitant 25% non-refundable deposit of US$174.5 million for the shares of EHP already!

The spate of acquisitions by FGVH should by right be earnings accretive, meaning they will add profits to the group. However, despite having used up all of its cash raised during the initial public offering in 2012, the more acquisitions it conducts, the less profits it makes.

In another stunning announcement last week, before the dust over EHP has settled, FGVH is now proposing to acquire 55% of Zhong Ling Nutri-Oil Holdings Ltd for RM976 million. Zhong Ling is a company registered in Cayman Islands with interests in the Chinese market refining and distributing peanut and other edible vegetable oils.

There are many questions arising from this particular transaction including the reason for FGVH to acquire a peanut oil company and variances arising from a complicated profit guarantee by Zhong Ling’s vendors.

However, the biggest question which FGVH must answer to its shareholders, which include not only state-owned funds like EPF and Tabung Haji, but also more than 90,000 Felda settlers is, why is FGVH acquiring a company which has failed to complete its audited accounts since December 2013!

The failure to complete and table Zhong Ling’s financial audit for December 2014 or 2015 in a timely manner by a reputable international auditor is the clearest warning sign that all is not well within Zhong Ling. It gives the signal that Zhong Ling’s shareholders are seeking a profitable exit by disposing of the troubled assets to a company desperate to boost its earnings.

If Zhong Ling is indeed financially sound, why shouldn’t FGVH just request for the company to complete its missing audit first before negotiating the acquisition. Why must FGVH rush in headlong into the acquisition, bear the risk of an unaudited company backed by a highly questionable guarantee arrangement by Zhong Ling’s main shareholder?

We call upon the Board of Directors of FGVH to protect the interest of the company’s shareholders by immediately terminating the acquisition. The deal should only ever be considered after Zhong Ling has regularized its audit short-comings, and even so, only if the latter allows a separate independent audit be carried out to verify the financial statements

Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=612387:felda-global-shocker-same-pattern-as-1mdb-funds-siphoned-out-by-cronies-linked-to-one-man-his-wife&Itemid#ixzz4355n3I69

Post removed.Why?

Retracing the previous day's whole candle for profit taking purposes...is not normal. Beware of this conjob GLC counter

FGV board trying to force-out minority shareholders so they won't vote-out Zhong Ling purchase deal? Look at the heavy 1.45 buying since 230pm, then even heavier sell-off at 1.44/1.43....desperate measures

976.25 mil price tag looks too expensive. Period. And FGV board's gung-ho style isn't doing much to convince its shareholders of its acquisition tactics