The following are challenging but necessary questions:
*How much more money am I willing to lose? Or is there a better way?
*Is it REALLY true that in order to have the quality of life I desire that I must gamble a large percentage of my net worth in the stock market?
*What portion of my assets are guaranteed to not decrease in value, and more importantly, are guaranteed to provide an income that I can’t outlive?
Sapura Energy Bhd saw its net loss widen to RM2.29 billion or 38.44 sen per share in the fourth quarter ended Jan 31, 2018 (4QFY18), from RM172.32 million or 2.89 sen per share mainly on the provision for impairment on property, plant and equipment of RM2.13 billion.
must read fact sheets, understand the products and the risks associated with it first, cannot simply hantam, hantam, tikam, tikam, tembak, tembak, like that mati
RHB Retail Research said the downtrend for the FBM Small Cap Index (FBMSC) is likely to extend further.
In a technical analyser today, the research house said the FBMSC edged down by 200.35 points to 14,952.43 points yesterday.
The research house said the FBMSC left a black candle that breached below the previous 15,054-point support, which has extended the retracement and put an end to the bullish bias seen in March 26's "Hammer" candlestick pattern.
"Overall, the bears are in firm control of market sentiment.
"Without any strong upside development in the daily chart, this implies that the index has not reached bottom yet," it said.
Oh my, that sounds like OSK problem, tough to go up. I recommended comfort on my wordpress site but so far not in yet cause stuck with hibiscus grrrrrr
yup! long time ago a few of my friends dislike OSK, stingy, directors like that, directors like this, all negative views, eventually the price also kena
ninja read famous scandal online, one of it is this;
Renong
The deal involving United Engineers (M) Bhd’s (UEM) put-and-call option raised many unanswered questions. It can be traced to November 1997, when UEM purchased a 32.6% block in Renong Bhd, its parent company, from the market at RM3.24 per share. The total cost came to about RM2.34bil.
The deal sent the whole market fretting. From whom UEM purchased the shares is still not known.
Hence, former Renong executive chairman Tan Sri Halim Saad, in an effort to appease UEM’s minority shareholders and the regulator, entered into a put-and-call option, giving an undertaking to buy back the shares from UEM at RM3.24, inclusive of the holding cost. The entire amount would come up to RM3.2 billion on Feb 14, 2001, when the option was due.
When the put option expired, there was however no settlement. In fact, Halim resigned from the Renong/UEM group in October 2001.
Khazanah Nasional Bhd took UEM private in 2001 and later cancelled the option. UEM’s chief executive then, Abdul Wahid Omar (now Datuk Seri), told reporters that the option was cancelled on Nov 16, 2001, because “UEM needs to retain control of Renong”.
So Halim got off without paying a cent of what was then valued at RM3.2bil.
Bumi Armada gets notice from Erin Petroleum seeking shutdown of its FPSO operations
KUALA LUMPUR (April 17): Bumi Armada’s unit has received a notice from Erin Petroleum Nigeria Ltd (EPNL) about an alleged “force majeure event” and a request for an orderly shutdown of the operations of Armada Perdana, a floating production storage and offloading (FPSO) unit belonging to the group.
The unit, Bumi Armada (Singapore) Pte Ltd (BASPL), has also received a notice of seizure of goods from a third party, stating that crude oil product to be produced and to be stored on Armada Perdana has been seized or attached by a writ of attachment issued by a court in Lagos, Nigeria.
This is in relation to legal proceedings of which the Bumi Armada group is not a party, Bumi Armada said in a filing to Bursa Malaysia.
“The company had sought clarifications from EPNL on such notice of seizure/attachment of goods but EPNL has not responded to the company despite numerous reminders,” added the group.
Bumi Armada said it is of the view that the force majeure declaration by EPNL is wrongful under the operational and maintenance services contract and the group is reviewing its legal options, including commencement of legal proceedings, against EPNL.
It added that the estimated financial impact of credit risk recovery for the group to the results for the financial year ending December 31, 2018 is about RM30 million.
Bumi Armada also maintained that the suspension of provision of services under the bareboat charterparty contract and operational and maintenance services contract remains in place.
In addition, it said EPNL is not relieved from its obligation to make full payment of all payments due to BASPL under the contract.
Since last June, Bumi Armada has suspended operations on Armada Perdana due to delayed payments from EPNL.
Shares in Bumi Armada fell 1.5 sen or 1.63% to 90.5 sen today, for a market capitalisation of RM5.31 billion.
BSL Corp unit fails in second appeal against import duty payment
KUALA LUMPUR (Apr 17): BSL Corp Bhd's wholly-owned subsidiary Crestronics (M) Sdn Bhd has failed again in its second appeal to the Ministry of Finance for the remission of two bills of demand from the Royal Malaysian Customs Selangor (RMCS) amounting to RM11.13 million.
In a filing with Bursa Malaysia today, the precision metal parts manufacturer said Crestonics received a letter dated April 10, 2018 from the Ministry of Finance (MoF) on April 13, 2018 saying that Crestonics' appeal of remission of import duty and sales tax has been rejected.
However, BSL said it will continue to take all necessary steps to protect the interests of BSL and its subsidiaries.
"Based on preliminary discussions with Crestronics’ tax solicitors, BSL is of the view that there are reasonable grounds to review the MoF’s decision by way of judicial review proceedings," it said in the filing.
"At this juncture, BSL is unable to determine precisely the financial impact to the group for the financial year ending Aug 31, 2018," it added.
On July 10, 2017, BSL announced that its first application of appeal against the bills of demand has not been approved.
On Dec 19, 2014, Crestonics received from RCMS the bills of demand for the import duty and sales tax, amounting to RM6.49 million and RM4.64 million respectively, applicable for the period from December 2011 to July 2014.
Today, BSL's shares closed up 2.5 sen or 4.85% at 54 sen while 108,100 shares changed hands, giving it a market capitalisation of RM52.18 million.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Mark T Bird > 2018-03-08 18:00 | Report Abuse
The following are challenging but necessary questions: *How much more money am I willing to lose? Or is there a better way? *Is it REALLY true that in order to have the quality of life I desire that I must gamble a large percentage of my net worth in the stock market? *What portion of my assets are guaranteed to not decrease in value, and more importantly, are guaranteed to provide an income that I can’t outlive?