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2013-02-21 09:43 | Report Abuse
Yea, strongly suggest dun play contra.
2013-02-21 09:15 | Report Abuse
Anbz,
Do you copy the details correctly? After checking to Bursa website, those are the announcements for the bonus shares and free warrants issued to them, as they are the significant shareholder and key persons, they have to make announcement to Bursa.
Not sure from where you copied this, but Bursa's copy definitely without the word 'disposed'.
2013-01-21 11:53 | Report Abuse
time to collect... 0.16-0.165 is good, but if not lucky, you'll missed the boat..
2013-01-10 09:01 | Report Abuse
Hahaha..wonder will TH join in the race for this RSC..?
http://biz.thestar.com.my/news/story.asp?file=/2013/1/10/business/12556271&sec=business
2013-01-09 17:54 | Report Abuse
PART D - TRANSFER OF LISTED CORPORATION TO THE MAIN MARKET
3.09 Transfer to the Main Market
(1) A corporation listed on the ACE Market may be considered for a transfer to the Main Market provided that the listed corporation meets the requirements for listing on the Main Market or such other requirements as may be imposed by the Exchange and it obtains the prior approval of the SC.
(2) A listed corporation seeking a transfer to the Main Market must also comply with the relevant listing procedures and requirements as may be prescribed by the Exchange.
Yesterday's announcement just the first round of approval by SC. So,now it will be on it way to comply to the listing requirements of the Exchange before Bursa finally approves it. Then, only it will be considered as transferred to the Main Market.
Today's trading still as ACE market. Mother not moving, and son drop by 0.5 cent could be just the investors reaction. No big player spotted today.
There's still plenty of time to collect, but not advisable to collect at one-go. Opportunity may come when there are frustrated investors/contra kaki dumping the stocks. Just keep watching, patience will be rewarded. Just sharing my humble opinion and PLEASE buy and sell at your own risk.
2013-01-04 16:44 | Report Abuse
Now the exciting part begins...
2013-01-03 09:15 | Report Abuse
When you see the volume suddenly go up substantially, you can expect it just around the corner.
Keep watching on the volume traded. In fact, it has been few days, some buyer bought quite a large volume in a SINGLE transaction.
Good Luck to all!
2012-12-21 10:15 | Report Abuse
I think we can still trade, because anyhow it still needs t+3 for settlement. The brokers will do adjustments by themselves. Just on the safe side, do confirmation with them.
Also recalling on the WCT bonus issue and free warrants, the ex-price did not affected by the new issue of warrants (WCT-WD). I'm not sure if this will be the same with AMEDIA.
WCT's new warrant open price at RM 0.30, but mother shares didn't seem to adjusted when it got listed yesterday.
2012-12-21 09:26 | Report Abuse
Robert: We all can trade both the original and bonus shares on 26th Dec, although it will only credited on 28th Dec. Read the below extract from the Bonus issue announcement:
Remarks : "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 31 December 2012 with bonus issue of AMEDIA shares of RM0.10 each, any shareholder who is entitled to receive AMEDIA bonus issue shares, may sell any or all of his AMEDIA shares arising from the bonus issue beginning the Ex-Date (26 December 2012).
For example, if Mr X purchases 100 AMEDIA shares on cum basis on 24 December 2012, Mr X should receive 100 shares on 28 December 2012. As a result of the bonus issue, a total of 200 AMEDIA shares will be credited into Mr X's CDS account on the night of 28 December 2012 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 200 on or after the Ex-Date ie from 26 December 2012 onwards."
Only on the warrant part that we have to wait till it's listed in the market.
2012-12-14 11:29 | Report Abuse
i think - yes. But i think the implication to it was rather important for now. Being a PN17 company, to breakout from this classification, the management has to carry out some actions to restructure the company in forms of corporate actions.
I see this as part of the restructuring process where a significant shareholder (with 25% holding) gonna be revealed shortly, hopefully somebody with some significant influences. The free warrants attached to it was rather the free-gifts for this 'somebody' to take position in LIB.
Sounds good eh?
But beware when things sounds too good to be true bcos it could be something like Chin Boon Long's style where it's all staged to lure more innocent small fish like you and me into the trap and got caught.
That's all I can share so far.
2012-12-14 10:39 | Report Abuse
Private Placement - share issuance to a small group of investors rather than the public.
Based on the announcements made, the issue price cannot be lower than RM 0.10 (par value) and cannot be at discount of more than 10% (at RM 0.105 after discount is RM 0.0945). So, most probably the price gonna be fixed at RM 0.10 (5% discounts of the current price) but with free warrants (price to determined later).
So, for this moment, I believe the price will be well supported at RM 0.105. Maybe we can try our luck on the newly issued warrants if the t&Cs were attractive enough. :)
2012-10-31 17:15 | Report Abuse
Buy on rumours, sell on news...it's normal for ppl to profit taking. As long as you got the holding power, you'll benefit from it. This is a good potential company, so let it rest a day or two. It will come back.
2012-10-24 17:19 | Report Abuse
Yea, guys Selamat Hari Raya Qurban~
Do have a safe journey! Tomorrow will see the news and Monday will be another good day!
2012-10-24 17:16 | Report Abuse
Price hovering 32-33.5...can it go lower abit more??
2012-10-23 15:11 | Report Abuse
1st entered at 54, second entry at 57...hhmm...tp 75?
2012-10-23 15:09 | Report Abuse
Bro, that's fully your call. I'm still waiting for some signals. But seriously, this price looks tempting and attractive though. Beware cheap gets cheaper.
2012-10-23 14:30 | Report Abuse
Haha..who knows? It could be good for us to collect it cheap-cheap..hehee
2012-10-23 11:55 | Report Abuse
HHmm..imagine there'll be an announcement to be made today, how many people approximately will got to know about the info before it actually reaches out to public ya? From the company secretary till the bursa office to actual announcement, should be around 50ppl plus along the pre-hand news leaked by the stockbrokers to the big big sharks...maybe this is the signal, high volume and sudden jack up in price...
what say you?? hehee...should be just around the corner I would say, hold it up, Guys!
2012-10-23 08:49 | Report Abuse
i mean *of which AMOUNT is not stated in the verdict).
Sorry, i missed out the word.
2012-10-23 08:47 | Report Abuse
ya, i think it should read this way.
Both the mother (TSW) and son (WSK) are the shareholders of Wong SK Sdn Bhd and this company holds 41% of AMEDIA. During the moment when Wong SK Sdn Bhd reduces stake to 30%, which also means both TSW and WSK reduced their stake jointly and in practise they should disclose to SC of their indirect interest in AMEDIA. WSK had made his disclosure earlier, now it's TSW's turn to make her disclosure.
It doesn't mean another sell down by the mother in this case.
As in the court case, it probably has something to do in the selldown of their stake (as the court ruling is to compensate the costs of the Petitioner of which it's not stated in the verdict). About the timing of the court, maybe some negotiations or appeal going on after that and when it's now firmed up with the costs to be compensated, I see possibility that it might dragged this long.
This is just my little opinion based on the facts of the recent announcements. It's not a recommendation to buy/sell the shares. Please do your own homework before buying in although the current price looks attractive.
2012-09-28 17:33 | Report Abuse
Okay, noted! Thanks.
2012-09-28 14:55 | Report Abuse
KC, any idea when it will resume trading?
2012-09-27 09:57 | Report Abuse
is it suspended from trading? why no volume?
2012-09-21 10:20 | Report Abuse
Namo: can you elaborate more on 'before 10AM counter-game'?
2012-09-14 15:16 | Report Abuse
time to fly??? FLY-DAY :P
2012-09-11 16:12 | Report Abuse
what's taking so long for them to announce it ya..?? Is there any complications?
2012-09-10 11:33 | Report Abuse
If you all still wanna stick with this counter, please by all means, do your own analysis, try to understand the logic of such price movements, i believe this company got potential and got fundamental (afterall, a not so good quarter can make RM 100m profit - where else you can find such profitable business) BUT the main problem is that the free float shares in the market are too little compared to the main shareholder, think twice, if you were the main SH, what and how would you do to make the most money from the share market..you know the answers pretty well, by 'playing us out'.
These ppl behind have 1001 ways to play us out anytime, JCY may worth RM 4 or whatever price you wanna name it, but the main shareholder cannot withdraw it via selling, he practically only have paper profits (put aside the dividends declared). So, the logic behind the story that he's gonna take it private fit perfectly (i'm not sure how true is this, but please do consider analyse from this point).
All this while we are all thought he will fight the IBs with us (at least there are some idiots like me will trust that). True enough, if this guy was so good and nice, he would probably will. But from the recent price movements, i have to forced myself to think from a different angle. I read their history and how they got this company listed. Things just be too perfect to be real.
So, choice is yours. I have done my part addressing this to all of you. I've decided to leave JCY once and for all.
Good Luck and happy trading everyone!
2012-09-10 10:30 | Report Abuse
sirzack: any insights mind to share?
2012-09-10 09:44 | Report Abuse
Started to feel the heat ady...:P
2012-09-07 17:44 | Report Abuse
Faster come la...waiting time really torturing....hehehe :P
2012-09-07 17:44 | Report Abuse
Rookie: long time didn't hear from you here.
I think i'm not discipline enough when dealing these high volatility stocks. I'm no full-time investor, so can't really follow as closely as you all did. But things are really strange, you may be right that TA principles still hold, but things comes either much earlier or a delayed one. Anyway, now i learnt and, i will still keep my eyes on this, just need to take a breathe on other counters first...hehehee to make back my losses a bit...
Really going off liao..have a good weekend EVERYBODY!
2012-09-07 17:22 | Report Abuse
Anyway, i'm off now. You guys have a good weekend ahead. Still, JCY is one of my favourite counter. It's hard but i've accepted it.
Good LUCK to you all!
2012-09-07 17:20 | Report Abuse
Jacklintan: you sure enjoyed watching the dramas...hahahaa, more shows gonna come up in the next few weeks.
2012-09-07 17:18 | Report Abuse
surewinL: I kena that also, burnt not once, but three times in a row. Man, this lesson really expensive...
2012-09-07 17:16 | Report Abuse
Hopefully! my guess Tabung Haji won't be so foolishly increase their stake if they can't get guaratee an upliftment.
2012-09-07 17:13 | Report Abuse
Just sharing my opinion with you guys. After following JCY for years, it's not a counter that follows the logic neither Fundamentals nor TA (especially after the 2 time sharp fall recently). I had read what Howard Bach mentioned yesterday, it matches with what i understand so far. For short term trading like what our bro KC and Mat did, i think it's okay, only because they have the discipline to come in and go out not affected by GREED.
I ended up burnt badly by chasing after the prices. Looks cheap, go in, become cheaper. Looks gonna rebound, but a sharp fall the next day. Just beware and keep your mind open that anything can happen to this counter.
If you choose to risk it out, it's your choice. I no longer hold any JCY shares now. Just my 2 cents.
2012-09-07 16:50 | Report Abuse
to all still with JCY, no matter how attractive the price may be, and no matter how much potential in the price it may seem, PLEASE DO NOT be overridden by your own GREED. Go while you still can.
2012-09-07 16:44 | Report Abuse
Why warrant up 2 cents, but mother not follow wan?
2012-09-07 16:38 | Report Abuse
T3 = period due for settlement. Normally contra kaki will buy and sell within these 3 days, so they dun have to fork out a single cent to earn the fluctuations within this 3-day period.
After T3, if still haven't sell, one have to either pay up the shares that they purchase or force-selling.
2012-09-07 10:55 | Report Abuse
http://www.bharian.com.my/articles/THHeavysasarberidividen/Article/
They are expecting it to be done by end of this month.
2012-09-06 11:26 | Report Abuse
jacklintan: i doubt so. The notice is just a notice of the done deal. Meaning the share buyback was done on 5/9/2012 (yesterday). it doesn't justify today's closing price anyway.
2012-09-04 17:37 | Report Abuse
Well explained, Klugman! I was once fell into this trap, now i learned.
2012-08-30 16:30 | Report Abuse
Ooi: You're very funny! Is it because HA got no transaction today? :P
2012-08-24 22:07 | Report Abuse
Namo: thanks for the highlights. i've learned my precious lesson today.
2012-08-15 09:43 | Report Abuse
Both WD and Seagate's shares price surged about 30% from the day they announced their report. JCY's profit cannot be too far lesser than Q1 & Q2. Same goes for it's share price! Calculate from 1.45 + 20%(discount of 10%) = RM 1.74
2012-08-13 15:28 | Report Abuse
Another indirect buy call from CIMB
http://biz.thestar.com.my/news/story.asp?file=/2012/8/13/business/20120813092553&sec=business
2012-08-02 11:58 | Report Abuse
Could this be the act of OSK again? Another warrant issued.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1026285
Stock: [AMEDIA]: ASIA MEDIA GROUP BERHAD
2013-02-21 10:28 | Report Abuse
So, now people ask you proper questions, you answered rudely? I guess probably you're the one that try to scare people off. You go check at Bursa website yourself, I got no time to argue anything with you. The word 'disposed' in your comments earlier was shown as 'others' in the bursa's copy. Well, if your english not good enough, i can't do much for you either. THanks, but keep the reply to yourself as I will not waste my time/energy to argue or entertain forumer like you. Other forumers won't want to read non-productive comments as well. Please.