Hmm....since haven't finish collecting? They should accumulated a lot at this current price.... Once consolidation is done, then only can see the uptrend....
last quarter cost overrun in O&G sector which caused the annual profit from Gain to Lose. Should be a one time issue. IMO, i think this stock will need around 2Q to restore to 40cents and above, losing money at the beginning for business expanding isn't really a bad thing.
yes, agreed with tlbeng. I really dunno why panic selling in Daya. I keep 50 lots at rm0.40. My remisier adviced me to told. Dun sell when panic selling are happening. That is not the way to invest in stock market.
The Board of Directors of DMB wishes to announce that the Company and Daya Offshore Construction Sdn Bhd (“DOC”), a wholly owned subsidiary of the Company, have been named as defendants in a civil suit filed by Mark Leonard Midgley (British Passport No.: 500539048) (“Plaintiff”), the former Chief Executive Officer and Director of DOC, in the High Court of Malaya at Kuala Lumpur.
The Company had been notified by their lawyers on 18 March 2014 of the said lawyers’ receipt in the evening of 17 March 2014, of a letter dated 17 March 2014 from Messrs. Trevor George Partnership, the Plaintiff’s lawyers, together with a copy of the sealed Writ of Summons and Statement of Claim also dated 17 March 2014 (“the Suit”).
In the Suit, the Plaintiff is claiming that the Company had allegedly breached a Shareholders Agreement dated 30 April 2013 (“Shareholders Agreement”) in relation to DOC and the Plaintiff is claiming for inter alia a Declaration to that effect, valuation of the shares in DOC, damages and an injunction to restrain breach or further breach of the Shareholders Agreement.
The Company and DOC denies the allegations and have instructed solicitors to vigorously challenge and defend the Suit.
At this juncture, the Company is unable to determine if the claim has any reasonably foreseeable materially adverse financial and operational impact on the Company. The Company is seeking legal advice from its solicitors and will make the necessary announcements as and when there are material developments in this case.
morivae....slowly go steady, everyday half cent up is enough. If my insider info is accurate, the share price will be back to 0.4x very soon. cheers and happy trading. :)
Morivae-be patient and you will reap the rewards.I bought Datasonic when it was 0.29 and held on.I am also holding on to Daya and wait.I am sure Daya will fly.
Neemdom-i bought this counter when it was stuck at 0.20 and I am sure candlepower also bought at that price.at that time I was already very confident of Daya and hold until now.its not those who are losing money hopes for it to go up.when the price drops,one can always average down.
At current price one can enter but this depend on one's own knowledge rgd Daya and also the confidence level.If not confidence then do not enter as it might take a fee months of holding.
Daya is like a small fish getting his food from SKPetro this big fish.
And also, if you check the share holding info, some of the investment fund company entered at the price of 0.38, that's why I'm confident that this stock will eventually go back to 40cents :)
Just read the announcement of the lawsuit. Does anyone know what is the upper limit of the award if the case does not go in their favour? Normally, Mat Salleh won't sue unless they know their case is strong or they can 'pusing' into their favour.
Daya only good in goreng story. Look at the world report everyone is having tough times & banks force sell the OSV vessells. Daya is buying vesells! What is so good about daya ? Directors only goreng share.
The expatriate CEO of daya offshore construction is suing his own company for breach of shareholder's agreement. I am scratching my head. I am afraid this Mark Midgley guy is a goner. He can leave the company as far as I am concerned. What is important is the contract from Technip stays and Dato Mahzlin will laugh all the way to the bank with his fistful of norwegian krone. Yes, the price is depressed but it is caused by the big fish trying to shake out the small fries. Believe me, the Norway sovereign fund will be accumulating at this price. The quarterly loss will be an one off event. The order book from Technip stays, brah! My personal TP RM 0.60.
http://klse.i3investor.com/servlets/ptres/21892.jsp The company failed to deliver good result last year after having impressed so many research houses and minority shareholders. Now the company might not have good Qtr 1 result in 2014 as per the research report. So, can its entire FY2014 result be better than 2012 result (RM20mil net profit) when the counter was trading mostly around 20 sen with that kind earning? If there are uncertainties or difficulties to predict its future profitability, why not switch to companies with clearer earning visibility? If it has to undertake the massive fund raising exercise to raise RM950 mil, it may also mean that its EPS may go down. So, can the 2014 EPS justify the price to move higher? Aren't there better O&G counters in Bursa? I would not invest hard earned money in companies with plenty of uncertainties. Just my 2 sens though
Let's see if tmr the uptrend going to continue as technically most of the time the it would drop back due to minor profit taking activities for this counter...otherwise expect some run-up...
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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....
joel
4,580 posts
Posted by joel > 2014-03-16 08:39 | Report Abuse
why some OG campanies giv Share Split or Bonus Issue?
Bcos wanna to make their share to more enhance the liquidity and marketability.
Like :
1. DAYANG
2. YINSON ( will share split soon, rite ? )
3. Uzma ( will share split soon, rite ? )
4. Deleum ( will bonus issue & share split soon, rite ? )
5. Dsonic ( but not OG campany la )