Posted by cendana287 > 2012-09-26 09:01 | Report Abuse

Oh, oh - it's going down again. Now my heart is thumping:-P

Posted by ledzepp > 2012-09-26 09:04 | Report Abuse

Never fear. Surely it's an over-reaction. It will rebound. Then people will regret of not buying!

Posted by KC Loh > 2012-09-26 09:04 | Report Abuse

ho ho.... MC forgot his fundamentals!

Posted by heehaa > 2012-09-26 09:06 | Report Abuse

scomi ijm all game over

Posted by heehaa > 2012-09-26 09:10 | Report Abuse

ha ha bought ijm at 458

Posted by ledzepp > 2012-09-26 09:10 | Report Abuse

I've joined in 4.58

Posted by ongtkong > 2012-09-26 09:11 | Report Abuse

4.58 shd be done. good luck.

Posted by KC Loh > 2012-09-26 09:12 | Report Abuse

please stay this price, IJM! :)

Posted by chongkonghui > 2012-09-26 09:14 | Report Abuse

Look like going to create new 52-w low. Why investor so negative about the proposed acquisition? Bad investment?

Posted by dknycom > 2012-09-26 09:15 | Report Abuse

IJM will break RM 4.50 resistance before noon time.

Posted by heehaa > 2012-09-26 09:16 | Report Abuse

ha ha oredi sold 462

Posted by ledzepp > 2012-09-26 09:16 | Report Abuse

No way, it's the other way round

Posted by dknycom > 2012-09-26 09:17 | Report Abuse

YAYA! SELL FIRST. BUY IN LATER.

Posted by dknycom > 2012-09-26 09:18 | Report Abuse

IJM STAY LOSS & SCOMI STAY LUCKY IN THIS ACQUISITION.

Posted by ledzepp > 2012-09-26 09:21 | Report Abuse

Market dynamics tell me - if there are more buyers than sellers, it'll go up.

Posted by 1M168 > 2012-09-26 09:24 | Report Abuse

IJM is good time to collect .. RM 4.50

Posted by cendana287 > 2012-09-26 09:26 | Report Abuse

Trying to get the -CW at 0.015. The exercise price is rather high compared to the mother's present price (and condition). But there is still enough time until the expiry, and I believe the market will revalue IJM to its proper level within this time. But the warrant holders don't seem too desperate to sell, unlike yesterday.

Posted by cendana287 > 2012-09-26 09:35 | Report Abuse

[Quote] For now, analysts are still waiting for more clarity to the deal as the company is expected to hold an analyst briefing today.

“To me, its an opportunistic deal for IJM as the entry cost of RM150mil is relatively cheap and this will give them an immediate foot print into the oil and gas industry,” said a local research house analyst."[]
http://biz.thestar.com.my/news/story.asp?file=/2012/9/26/business/12081347&sec=business

Posted by KC Loh > 2012-09-26 09:36 | Report Abuse

MC, market is fearful! guess you know the rest! question to ask, any fundamental changes? :)

Posted by assthrow > 2012-09-26 09:42 | Report Abuse

lets visit last year low.......

Posted by cendana287 > 2012-09-26 09:49 | Report Abuse

Time and again, the market has shown that investors would inevitably make profits when they look at and have the patience and staying power for the "longer term". This is valid for quality counters, and in my opinion IJM definitely is. But it's hard to look further ahead when one is glued to the trading screen and limiting his view to second-by-second price movements.

In times like this, if one has done his homework and is convinced of his choice, take the action, be committed to it and wait it out. We have seen this happening over and over again; of many who miss good opportunities to buy at reasonable prices... and some weeks later, will do so at a much higher level. But don't worry - I will gladly sell to them my lots at RM5.50:-) Yeah, it looks `impossible' now. But look further ahead, and also of past lessons. Where were Axiata, TM, Digi, Takaful etc. six months ago?

Posted by KC Loh > 2012-09-26 10:04 | Report Abuse

silly reporting : http://klse.i3investor.com/blogs/kltrader/18151.jsp

does maybank analysts know how long for start-up for O&G sector? the biddings, the building of rigs etc. for 150mn, its clever bet to have one foot in O&G which will be big next year

at least ecm has got it spot on here: http://klse.i3investor.com/blogs/valueinvestorresearchklse/18143.jsp

Posted by assthrow > 2012-09-26 10:07 | Report Abuse

maybank analysts are mediocre....... i never bother to look at maybank equity analyst report for years......

Posted by KC Loh > 2012-09-26 10:12 | Report Abuse

silly maybank cows. sitting behind their desks and shooting off plausibles! go learn the industry first la. on top of that, IJM ties Scomi to 50sens for 90 consecutive days and at least 2 quarterly earnings (scomi never done that before prior to 2010) before they can redeem back their bond, failing which, IJM will be the biggest shareholders in Scomi. on top of that, now they are getting to Scomien, with their rail engineering capability for the booming rail industry within the next 5 years! Many cities in ASEAN reaching population saturation point! All for 150mn!

clever management of IJM, one should think!

Posted by ledzepp > 2012-09-26 10:12 | Report Abuse

All analysts are the same, hidden agenda!

Posted by assthrow > 2012-09-26 10:16 | Report Abuse

'anal' yst

Posted by ledzepp > 2012-09-26 10:19 | Report Abuse

Can't resist - where did you get that name 'ass'throw? Beg your pardon

Posted by assthrow > 2012-09-26 10:22 | Report Abuse

from the satellite TV operator

Posted by ledzepp > 2012-09-26 10:25 | Report Abuse

So nervous, I've got to take my mind of that big loss with IJM

Posted by cendana287 > 2012-09-26 10:25 | Report Abuse

LOL! If you ask three analysts, you can get FOUR opinions:-)

An analyst from RHB IB said yesterday this deal "is not well thought out", or something to this effect. How long did he spend to analyse the whole thing? Since it was only announced a day before that, he would only have known about it during this duration. It would seem that this RHB analyst, with his 24 hours (max) of research, knows better than IJM's management team, who had been working on it for MONTHS.

Posted by tonylim > 2012-09-26 10:33 | Report Abuse

All of them stop short of saying bail out etc or exciting times ahead for for scg Or ijm.
Fb generation

Posted by cendana287 > 2012-09-26 10:33 | Report Abuse

There's also the political angle which these analysts haven't considered. Scomi is somewhat handicapped by its connection to Kamaludin and Khairy Jamaludin (real or otherwise). It had an advantage when Dollah Badawi was the Prime Minister. But now they are looked on with suspicion and resentment, plus maybe some jealousy too by those holding the power. Never mind if they are in the same party.

Ironically, IJM has more sway and influence with the government than the Umno people at Scomi! And you need to be in the good books to get oil & gas contracts. Among other things. I think this is where both can help each other, plus the fact that IJM has the financial clout to provide Scomi with much-needed liquidity.

Posted by tonylim > 2012-09-26 10:40 | Report Abuse

I read they say there are no more umno war lords. I thought this was start of things to come. Pure biz consideration.

Posted by KC Loh > 2012-09-26 11:58 | Report Abuse

below 4.70, plenty of margin of safety by quick calculation! :)

hold it here!

Posted by KC Loh > 2012-09-26 13:25 | Report Abuse

i like this sentence from their annual report, dont you all?

As at 31 March 2012, the Group’s market capitalisation and total
assets stood at around RM7.8 billion and RM13.9 billion respectively

Posted by Jonathan Keung > 2012-09-26 13:35 | Report Abuse

just buy scomi. upset potential is higher

Posted by KC Loh > 2012-09-26 13:36 | Report Abuse

upset hehehe.....

Posted by joncsk > 2012-09-26 14:13 | Report Abuse

meaning what...to go in now or not??

Posted by KC Loh > 2012-09-26 14:41 | Report Abuse

worse case scenario. next quarter no dividends! :)

paying for scomi only takes about two of their quarter earnings! similar market selldown i see the same as MFlour. solid companies but market got manic!

https://www.dropbox.com/s/bqey7uqyd36dcr6/IJM%20CORPORATION%20BHD-%20IJM%20%283336%29.png

Posted by potenza10 > 2012-09-26 15:09 | Report Abuse

stuck at 4.62

Posted by KC Loh > 2012-09-26 15:20 | Report Abuse

yess... analyst briefing by the good blue-chip company this evening. Getting ready

http://klse.i3investor.com/blogs/kltrader/18201.jsp

Posted by assthrow > 2012-09-26 15:38 | Report Abuse

4.55 breakable?

Posted by KC Loh > 2012-09-26 15:42 | Report Abuse

somebody is gonna untung besar besar here at 4.54 :)

Posted by assthrow > 2012-09-26 15:44 | Report Abuse

no wor..... unbreakable.... 4.57 now...... is everyone heart still beating?

Posted by potenza10 > 2012-09-26 15:45 | Report Abuse

thumping really fast!

Posted by assthrow > 2012-09-26 15:47 | Report Abuse

ijm-wc did not drop much .........

Posted by KC Loh > 2012-09-26 15:48 | Report Abuse

one comfort i find is IJM very professional about this! media sitting called this evening to explain their actions! justifiable to be blue-chip category! Thanks Mr Market for the manic attack! :)

Posted by KC Loh > 2012-09-26 15:53 | Report Abuse

bought another 30 lots for 4.57! i smell money! :)

Posted by heehaa > 2012-09-26 15:55 | Report Abuse

u smell shit money la

Posted by KC Loh > 2012-09-26 15:56 | Report Abuse

why dont you grow up heehaa? jealous til now?