Posted by GorengAyam > 2017-02-17 14:41 | Report Abuse

If double bottom is formed, will close gap that initiate the double bottom with tp 0.25

Posted by Bullhunter > 2017-02-17 16:29 | Report Abuse

dead stock. how could the stock , which was 1.50 dropped to 7 cents in just 2 years??? Pity those investors holding lots of shares above RM 1.

Posted by Jiejie > 2017-02-17 17:03 | Report Abuse

yeah dead stock for now, but chances of bouncing back is still there

Posted by albertwarrior > 2017-02-21 11:11 | Report Abuse

Aaron Sheldrick | TOKYO
Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year.

U.S. West Texas Intermediate crude CLc1 was up 31 cents, or 0.6 percent, at $53.71 a barrel at 0218 GMT (9:18 p.m. ET on Monday), after rising about 0.5 percent in a shortened session on Monday due to a U.S. national holiday.

Brent futures LCOc1 gained 6 cents, or 0.1 percent, to $56.24 a barrel, after ending the previous session up 0.7 percent.

Investors now hold more crude futures and options than at any time on record, after members of the Organization of the Petroleum Exporting Countries (OPEC) committed last year to cut production.

Speculators raised their bets on a rally in Brent oil prices to a record last week, data from the InterContinental Exchange showed on Monday, mirroring the optimism in the U.S. crude market. [O/ICE]

Data on Friday showed net long U.S. crude futures and options positions in the week to Feb. 14 were at a record.[CFTC/]

"As bullish positioning by hedge funds continues to push on in unchartered territory, the risk of a swift, sharp snapback in prices continues to build," ClipperData analyst Matt Smith said in an overnight note.

"Especially given the bearish backdrop of record crude and gasoline inventories amid lower fuel demand year-on-year," he added.

Posted by albertwarrior > 2017-02-21 11:12 | Report Abuse

Brent rebounded to $56.29/barrel

Posted by MrRoy > 2017-02-21 11:47 | Report Abuse

Aiyah.. Go FGV lah.. Shows coming already.. Will last for months..

Posted by cashflow > 2017-02-21 15:30 | Report Abuse

Perisai on 1st gear!

Posted by juzaguy > 2017-02-21 22:26 | Report Abuse

The Board of Directors of Perisai wishes to inform that the Company has scheduled to release its unaudited financial results for the fourth quarter ended 31 December 2016 on Friday, 24 February 2017 in accordance with Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 15 February 2017

Posted by cashflow > 2017-02-22 09:25 | Report Abuse

Perisai going for bull ride

Posted by albertwarrior > 2017-02-22 15:14 | Report Abuse

Expect Crude Oil prices to trade higher today: Angel Commodities
22 Feb 2017 12:16 PM | Source: Moneycontrol.com
Share:
Expect Crude Oil prices to trade higher today: Angel Commodities
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Angel Commodities' report on Crude Oil

WTI oil prices rose by more than 1 percent in the international markets after touching three-week highs on Tuesday on OPEC's optimism for greater compliance with its deal with other producers including Russia to curb output in an effort to clear a glut that has weighed on the market.
Outlook
We expect oil prices to trade higher continuing its positive momentum from the previous trading session, while comments from OPEC members regarding compliance of production cuts remain positive for oil markets. On the MCX, oil prices are expected to trade higher today, international markets are trading higher by 0.3 percent at $54.50 per barrel.

Posted by juzaguy > 2017-02-23 18:20 | Report Abuse

No more hope for Perisai?? down trend....

Posted by albertwarrior > 2017-02-24 00:19 | Report Abuse

Brent reached $57 and above.

Posted by albertwarrior > 2017-02-24 00:21 | Report Abuse

Benchmark Brent crude oil was up $1.22 a barrel, or 2.2 percent, at $57.06 by 11:04 a.m. ET (1604 GMT), recovering from a drop of 82 cents on Wednesday.

U.S. light crude rose $1.20, or 2.2 percent to $54.79 a barrel, near its 2017 high of $55.24. It fell 74 cents in the previous session.

Both benchmarks are near the top of relatively narrow $4 ranges that have contained trade so far this year, reflecting a period of low volatility since the Organization of the Petroleum Exporting Countries and other exporters agreed to cut output.

OPEC and producers including Russia aim to reduce production by around 1.8 million barrels per day (bpd) in an attempt to drain an oversupply that has kept prices depressed for more than two years.

Posted by Darren Lim > 2017-02-24 10:10 | Report Abuse

any news frm result?

Posted by pea3034 > 2017-02-24 15:26 | Report Abuse

perisa lingkup sebab itu ,walaupum harga minyka naik hg saham tak naik

Posted by SHQuah > 2017-02-24 15:57 | Report Abuse

Result out today.......tonight will know.
Less loss consider very good.

Posted by riko > 2017-02-24 17:49 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5347137

Monday open at 0.1

Posted by OngLai88 > 2017-02-24 17:51 | Report Abuse

Turn around with profit....
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5347137

Posted by albertwarrior > 2017-02-24 18:27 | Report Abuse

From the result, Monday perisai price will skyrocketing.

Posted by gohkimhock > 2017-02-24 18:33 | Report Abuse

@albertwarrior LOL..

Posted by hohoho > 2017-02-24 18:35 | Report Abuse

YES !!! PERISAI MADE PROFIT ALREADY !!!!!

Posted by ijok > 2017-02-24 18:36 | Report Abuse

time to fly

Posted by Benztxq > 2017-02-24 18:59 | Report Abuse

tuesday 0.15

Posted by Darren Lim > 2017-02-24 20:00 | Report Abuse

lets see monday fly

Posted by yingkang87 > 2017-02-24 22:11 | Report Abuse

sure or not?? can so fast go up?? But I think if ppl confident sure everyone buy, everyone buy then price will up!!!

Posted by jay_cwk88 > 2017-02-25 08:51 | Report Abuse

Monday limit up > 0.37

Posted by jay_cwk88 > 2017-02-25 08:53 | Report Abuse

EPS 0.81 x 4quarter = 3.24 cents
3.24 x PE10 = 32.4 Cents

Posted by GorengAyam > 2017-02-25 09:07 | Report Abuse

http://klse.i3investor.com/servlets/stk/fin/0047.jsp

Quarterly results out after mkt close shows qtr revenue stabilse at around $38mio.Excellent cost controls turned around PBT of $10Mio....CRDC is on board....

LOOKS LIKE THE CLASSICAL DOUBLE BOTTOM FORMATION with rounding curve on both price and volume is forming.....work in progress... Neckline at 0.15 with lowesr bottom at 0.04...TP at 0.25.......coincidentally equals 1st private placement issue price 0.25 also.

Eventually will fly before end Mar17....if CRDC works out by end Mar17..

Posted by GorengAyam > 2017-02-25 09:08 | Report Abuse

http://klse.i3investor.com/servlets/stk/chart/0047.jsp

Posted by GorengAyam > 2017-02-25 09:41 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5347869

Posted by GorengAyam > 2017-02-25 09:48 | Report Abuse

For the current quarter ended 31 December 2016, the Group generated total revenue of RM38.27million, a decrease of RM16.98million when compared to the amount of RM55.25million in the previous corresponding quarter ended 31 December 2015. The decrease in revenue was mainly due to lower charter rate in the fourth quarter ended 31 December 2016 after completion of the Farm-Out contract to HESS on 6 August 2016. Profit before tax (“PBT”) from continuing operations for the current quarter ended 31 December 2016 amounted to RM17.65million, an increase of RM677.88million when compared to the Loss Before Tax (“LBT”) amount of RM660.23million attained in the corresponding quarter ended 31 December 2015.

The decrease in LBT was mainly due to the provision for impairment on plant and equipment and
prepayment in the corresponding quarter ended 31 December 2015. Total profit net of tax from both continuing and discontinued operations for the current quarter ended 31 December 2016 amounted to RM15.19million, an increase of RM734.95million when compared to the total loss net of tax from both continuing and discontinued operations amount of RM719.76million attained in the corresponding quarter ended 31 December 2015.

The increase is mainly due to the provision for impairment on plant and equipment and repayment and partly offset by lower loss from discontinued operation as result of lower provision for impairment on plant and equipment and no depreciation charge is required under the provisions of MFRS 5 “NonCurrent Assets Held For Sale and Discontinued Operations” for assets which are held for sale.

Posted by GorengAyam > 2017-02-25 09:51 | Report Abuse

2. Material Change in Profit Before Tax (“PBT”) In Comparison to the Preceding Quarter For the current financial quarter ended 31 December 2016, the Group recorded a PBT of approximately
RM17.65million against a LBT of RM265.82million recorded in the preceding quarter. The increased in PBT was mainly due to higher provision for impairment on investment in joint ventures, plant and equipment and prepayment in the preceding quarter.

3. Future Prospects
The outlook for the demand for the oil and gas assets in the short to medium terms remain challenging. The Group will remain cautious on its capital and cost management. Operational efficiency of the operating assets is expected to be maintained. The contract for Perisai Kamelia and 8 offshore support vessels will be expiring in May 2017 and Aug 2017 respectively. The Group is pursuing various opportunities for all its assets.

The Company is in the midst of formulating a regularisation plan which will be submitted to Bursa Malaysia within 12 months from 12 October 2016 as the Company has triggered the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1 (f) of Practice Note 17 (“PN17”) of the Main Market Listing Requirements (“LR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) after its wholly-owned subsidiary, Perisai Capital (L) Inc had defaulted in payment of the principal and interest for the SGD$125 million 6.875% multicurrency medium term notes. Principal adviser has been appointed to assist the Company on its regularisation plan.

The Corporate Debt Restructuring Committee ("CDRC") has on 9 November 2016 accepted the
Company’s application for assistance to mediate with the Company’s lenders on a proposed debt restructuring scheme. CDRC has requested the Company’s lenders to observe an informal standstill and withhold litigation proceedings against the Company with immediate effect. CDRC requires the Company to submit a Scheme within 60 days from 10 November 2016. CDRC is a pre-emptive measure by the Malaysian Government to provide a platform for corporate borrowers and their creditors to work out feasible debt resolutions without having to resort to legal proceedings. This initiative has been put in place to ensure that all avenues are made available to assist distressed corporations to resolve their debt obligations.The proposed debt restructuring scheme was submitted to CDRC and the first meeting with the Company’s lenders was held on 14 February 2017. The proposed debt restructuring scheme is targeted to be finalized by end of March 2017.

On 12 January 2017, the Company and its wholly-owned subsidiary, Perisai Capital (L) Inc (“Perisai Capital”) have been granted orders pursuant to Sections 176(1) and 176(10) of the Companies Act 1965 (“the Act”) by the High Court of Malaya (Commercial Division) at Kuala Lumpur restraining all proceedings and actions brought against the Company and Perisai Capital (“the Order”). The Order was applied for as part of the Company’s plan to regularise its and the Group’s financial condition through, amongst others, proposed schemes of arrangement. The details of the proposed schemes of arrangement which will be issued to the Scheme Creditors, will be announced in due course. The Order is for a period of ninety (90) days effective from 12 January 2017.

The schemes of arrangement is expected to be completed by third quarter of 2017

Posted by GorengAyam > 2017-02-25 09:56 | Report Abuse

6. Corporate Proposal

Save as disclosed below, there were no corporate proposals announced but not completed as at the reporting date.
(A) On 23 December 2016, the Company had entered into a Settlement Agreement with EMAS
Offshore Limited (“EOL”) (“Proposed Settlement Agreement”) to achieve a full and final
settlement of the disputes, differences, claims, and counterclaims against each other arising from or in connection with the Share Sale Agreement Dated 23 December 2013 (“SSA”) and Put Option. (i) Salient Terms Of The Proposed Settlement Agreement
Pursuant to the Proposed Settlement Agreement, EOL and Perisai (each referred to as a “Party” and collectively, the “Parties”), had mutually agreed to the following:-
(i.i) Consideration
(i.i.i) The consideration for the Put-Option Shares (as defined in Paragraph i.ii.ii(aa) below) is
USD43,031,406.55 (“Consideration”) to be satisfied by EOL in the following manner:
(aa) USD20,000,000 in cash on the Completion Date (as defined hereunder);
(bb) USD23,031,406.55 (“Deferred Payment Amount”) will be deferred and paid in cash
(either in the form of a bullet payment or by instalments) on the Maturity Date (as
defined in Paragraph i.v below); and
(cc) The Deferred Payment Amount shall be subject to interest at the rate of 1% per annum
(“Deferred Payment Interest”) which shall accrue from the Completion Date to the date
of actual payment of the Deferred Payment Amount.
.....
-----
-----

Approval Required
The Proposed Settlement Agreement is subject to and conditional upon approvals being obtained
from, inter-alia, the following:
(a) the shareholders of Perisai at an extraordinary general meeting (“EGM”) to be convened;
(b) (i) the noteholders and financial lenders of Perisai in respect of the bond restructuring, and
the restructuring of any outstanding indebtedness that Perisai owes to any such financial
lenders; or
(ii) alternatively, an order granted by the High Court sanctioning a creditors’ scheme of
arrangement pursuant to the Companies Act 1965 (Act 125 of Malaysia) approving, the
bond restructuring or the restructuring of any outstanding indebtedness owed by Perisai
to any of its financial lenders;
(c) Labuan Financial Services Authority, if required; and
(d) any other relevant authorities/ parties, if required.
The Proposed Settlement Agreement is not conditional upon any other corporate exercise/scheme of the
Company and is expected to be completed by third quarter of 2017.

Posted by armadatuah2017 > 2017-02-25 13:48 | Report Abuse

If there's chance, get out of the counter. This portfolio is too risky like sumatec

Posted by Darren Lim > 2017-02-25 14:16 | Report Abuse

yes. is risky, cos stil under PN. but also hv chance to bounce back. 50% 50%

Posted by Bullhunter > 2017-02-25 16:07 | Report Abuse

Those who dare take risk will be amply rewarded if this counter get out of pn17 on improving oil prices and injection of new capital

Posted by juzaguy > 2017-02-25 19:41 | Report Abuse

Look at the board of director of Perisai, they are not Tom, sick and harry... they definitely having close relationship with Petronas, every counter has its own risk, whether you are dare enough to take it, if goes well then you will be greatly rewarded, invest at your own risk. It is really amazing that Perisai still can be at +ve last quarter.... it will definitely get better and better... oil price is around USD56 now

Posted by albertwarrior > 2017-02-26 13:17 | Report Abuse

Perisai nta was increase from 0.29 to 0.34. Tomorrow price may shoot to 0.10 and above.

Posted by cashflow > 2017-02-27 08:58 | Report Abuse

0.1 coming, go go Perisai!!!

Posted by cashflow > 2017-02-27 09:03 | Report Abuse

After 0.09, free flow to spike, small resistance

Posted by PenguinDad > 2017-02-27 10:36 | Report Abuse

Still PN17 lah. Only exit then you can get 0.29 to 0.34 or else you going to get 0.029 to 0.034. Ha...

Posted by JoshuaMS7 > 2017-02-27 10:39 | Report Abuse

how to uplift release the pn17?? Any requirement?

Posted by amran67 > 2017-02-27 11:12 | Report Abuse

Buy buy, before too late

Posted by A.d. Tan > 2017-02-27 11:18 | Report Abuse

drow coming how buy ?

Posted by chpu2001 > 2017-02-27 11:53 | Report Abuse

I queue 1000lots at 0.065 hope can get it today

Posted by 1009 > 2017-02-27 11:58 | Report Abuse

Can't la.. 0.065 so lower liao! Mahu cari makan ler, UP make green more !!!!

Posted by A.d. Tan > 2017-02-27 12:01 | Report Abuse

1009 wat price u buy?

Posted by 1009 > 2017-02-27 12:07 | Report Abuse

. easy to attack, secerct.. only collect simpan little invest after next QR fight

Posted by JoshuaMS7 > 2017-02-27 12:57 | Report Abuse

keep for long term since oil fundamental is getting better

Posted by amran67 > 2017-02-27 13:14 | Report Abuse

Very cheap ma