Posted by investor99 > 2016-04-01 16:23 | Report Abuse

sharkeatapple, sleeping more than 2 years, finally lion awake??

Posted by sharkeatapple > 2016-04-01 16:24 | Report Abuse

Investor99, not only awake. It will dance if positive news announce later.

Posted by investor99 > 2016-04-01 16:28 | Report Abuse

火山沉睡久了爆发力特强, 狮子醒了魅力应该无法挡?

Posted by investor99 > 2016-04-01 16:30 | Report Abuse

from my own opinion,if this time goreng won't just simply up few cents only..

Posted by investor99 > 2016-04-01 16:33 | Report Abuse

sharkeatapple, u hold lioncor or liondiv??

Posted by sharkeatapple > 2016-04-01 16:35 | Report Abuse

Hold a bit of liondiv. Hopefully can have big gain in % as the price is in single digit now.

Posted by investor99 > 2016-04-01 16:36 | Report Abuse

if up 10 cts++ , can earn more than RM80-100K....

Posted by sharkeatapple > 2016-04-01 16:36 | Report Abuse

Lets wait for the announcement later see whether the buy volumn is triggered by positive news.
If really a good news, then both lioncor and liondiv will dance.
Again, dont speculate. Hahaha....

Posted by sharkeatapple > 2016-04-01 16:37 | Report Abuse

Not so much lah. Earning some pocket money only.

Posted by sharkeatapple > 2016-04-01 16:37 | Report Abuse

Somehow high risk.

Posted by investor99 > 2016-04-01 16:40 | Report Abuse

later will have monthly pn17 announcement

Posted by investor99 > 2016-04-01 16:44 | Report Abuse

today will close at 5.5 or 6 cts??

Posted by sharkeatapple > 2016-04-01 16:44 | Report Abuse

Correct. Hopefully the announcement is an encouraging news.

Posted by sharkeatapple > 2016-04-01 16:47 | Report Abuse

I think close at 5 cts. Got seller at 5 cts.

Posted by investor99 > 2016-04-01 16:48 | Report Abuse

sharkeatapple, haha..so fast change back from 5.5 to 5 cts?

Posted by investor99 > 2016-04-01 16:49 | Report Abuse

yes, pre-close already, just close at 5cts only

Posted by sharkeatapple > 2016-04-01 16:51 | Report Abuse

Who knws suddenly got seller at 5cts. I tot everything seems like positive. Should close at 5.5cts.

Posted by investor99 > 2016-04-01 16:52 | Report Abuse

sharkeatapple, dont worry, not blame u, we are human not god, jus sharing only

Posted by sharkeatapple > 2016-04-01 16:59 | Report Abuse

investor99, no worries. Hahaha...

Posted by investor99 > 2016-04-01 17:38 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5047133

Wow.., request for extend again

Posted by sharkeatapple > 2016-04-01 17:54 | Report Abuse

Still no encouraging news. Request again. Haiz..
Means it will continue to sleep?

Posted by investor99 > 2016-04-01 17:55 | Report Abuse

Sharkeatapple, I think so..

Posted by sharkeatapple > 2016-04-01 17:57 | Report Abuse

Then continue sleeping lah.

Posted by investor99 > 2016-04-01 18:19 | Report Abuse

sharkeatapple, yes, this time goreng won't last longer

Posted by eftee > 2016-04-01 22:14 | Report Abuse

Extend to July 31. Wah no end

Posted by investor99 > 2016-04-09 08:13 | Report Abuse

http://kongsenger.blogspot.my/

from article:

待续-7
进入如何操作之前，再赠送一篇关于金狮集团钢铁两大臂膀的走势！

先来扁钢臂膀， LIONCOR(3581)是金狮集团的最痛，痛入心扉！
目前已经进入PN17， 仅次于更夸张的MXXU Group!
观察回公司的第一季度财报，
第一季度财报
营收大跌，依然亏损严重，
Financial 开销, 每季度6千6百万，
总资产接近30亿马币，
Inventories 剩下1亿6千5百万。。
这是非常不好的现象，Inventories对钢铁公司极其重要，
1亿6千5百万是极其不利的。

长期债务13亿7千万。
短期债务3亿。
股本负14亿4千万。
总负债 30亿马币！
相信每个人都想知道这些贷款来自那几家银行，
我也很想知道，不过没有资料。
现金剩下一亿左右。。。。

怎么救？
1）再度消减资本，但是已经没有资本可以消减了。。。。。
2) 跟银行融资， 不知道有银行肯借吗？
3）注资。也许可以， 但是中国的钢铁集团更想买下来。
开价太高？ 之前就有传闻价钱谈不容。
政府允许卖吗? 1 Malaysia Mega KL 也卖了一半，应该会允许吧。
大不了卖了，然后开放大马钢铁业给东盟, TPP。


"无论如何，请避开LIONCOR 和MAJU GROUP的股票。"?????

Posted by investor99 > 2016-04-09 11:34 | Report Abuse

http://www.enanyang.my/news/20160408/指没钱付裁员赔偿金br-美佳钢铁150人薪水减半/

Posted by investor99 > 2016-04-10 02:25 | Report Abuse

http://biz.sinchew.com.my/node/134592

沒錢付裁員賠償金‧美佳鋼鐵強制150人減薪50%
2016-04-09 15:08
（吉隆坡9日訊）美佳鋼鐵（Megasteel）以沒有足夠資金支付裁員賠償金為由，從今年1月起削減150名工廠員工一半薪水。
據《南洋商報》報道，金屬業僱員聯合會日前發表文告指出，該會已針對此事，向工業庭投訴，但至今似乎無迅速解決問題的跡象，所以將於11日率領600人，前往位於萬津的美佳鋼鐵有限公司抗議。
據該會總秘書G.拉惹瑟克蘭透露，這是大馬鋼鐵業史無前例，減薪幅度最大的一次。
他說，儘管該會已提呈種種證據及實例詳情，即原本2000令吉月薪的員工，一夜之間被減薪至1000令吉後的苦楚，但工業庭依然緩慢處理。
他說，“我們建議他們以裁員賠償來取代減薪，好讓這些員工在未尋獲新工作期間維持生計，但他們以‘沒錢’來拒絕這項建議”。
他說，當有關公司被詢及何時恢復正常薪水水平時，也答不出個所以然。
據悉，美佳鋼鐵由於面臨財務危機，在調薪的前三天才通知員工減薪50%，並且強制執行。（星洲網）


點看全文: http://biz.sinchew.com.my/node/134592#ixzz45M5HBJ4p
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

點看全文: http://biz.sinchew.com.my/node/134592#ixzz45M5EKLH3
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

Posted by sharkeatapple > 2016-04-11 15:36 | Report Abuse

http://english.astroawani.com/malaysia-news/what-are-we-eat-if-salary-rm1-800-cut-50-megasteel-staff-101963

Posted by sharkeatapple > 2016-04-11 18:54 | Report Abuse

http://www.sinarharian.com.my/edisi/selangor-kl/pemberhentian-pekerja-syarikat-harap-keajaiban-berlaku-1.508432
11 APRIL 2016

BANTING - Pengurus Kanan Perhubungan Pekerja Lion Group, syarikat induk Megasteel, P.Vasu berharap berlaku keajaiban dalam industri keluli tempatan dan pulih kembali.

Menurutnya, Megasteel Sdn Bhd adalah salah satu mangsa kejatuhan industri keluli tempatan akibat penurunan ringgit dan kegiatan lambakan keluli dari China.

"Pengeluar tempatan kini berdepan persaingan sengit ekoran harga keluli dari China yang rendah dan peningkatan kos operasi.

"Lebih membimbangkan kami pengeluar keluli tempatan paling terjejas teruk dengan aktiviti import lambakan keluli dengan harga murah sejak beberapa tahun lalu," katanya dalam Sidang Media di Megasteel Sdn Bhd, hari ini.

Beliau berkata demikian sebagai respons kepada tindakan pihak syarikat terpaksa memberhentikan sementara lebih 400 pekerja.

Vasu menambah, pada waktu ini, kapasiti pengeluarannya hanya digunakan 20 ke 30 peratus sahaja.

Katanya lagi, ekoran itu, keadaan itu turut menyaksikan kerugian RM2 bilion pada 2014 dan paras terkini pinjaman banknya melebihi RM12 bilion.

"Kami sebenarnya sedih bila terpaksa putuskan buat pemberhentian kerja sementara kepada kakitangan kami.

"Kalau kami boleh elakkan, kami akan elakkan tapi nak buat macam mana," katanya.

Mengulas mengenai isu pampasan berkenaan, pihaknya masih tidak boleh mengeluarkan sebarang keputusan dan bergantung lagi kepada pengurusan dan pihaknya berjanji akan terus menjaga kebajikan pekerja dengan mendapat pelbagai faedah lain termasuk perubatan.

Posted by sharkeatapple > 2016-04-12 10:20 | Report Abuse

https://www.malaysiakini.com/news/337382#ixzz45YEwGxKN
'Help us, Najib' placards flashed at steel workers’ picket

It was supposed to be a typical workday at Megasteel Sdn Bhd in Banting – the warm morning breeze intermingled with the regular clanking of hot rolled coils being produced from its steel mill.

The rhythm, however, was interrupted when a group of laid-off employees appeared and picketed in front of Megasteel’s gleaming office today.

The picketers carried placards with messages such as “We don’t want to be laid off”, “We want compensation”, “Megasteel is being cruel” and even a “Please help us, Prime Minister Najib”.

Also present at the scene was Metal Industry Employees’ Union (MIEU) president Samsudin Usop, whose organisation has represented 10,000 workers in metal products manufacturing factories since 1963 (according to its Facebook page).

“We (the picketers) are here to voice our displeasure at Megasteel’s actions of having laid off about 600 employees since January this year,” claimed Samsudin.

“With their average salaries suffering a 50 percent reduction from RM1,800 monthly to RM900 per month, how will these workers manage their life commitments like paying for their car or motorcycle loans, home rents, and children’s education expenses?”

“They (Megasteel Sdn Bhd) have also not informed us on how long this layoff period will last,” he added.

“So, we tried to schedule a meeting with Megasteel executives today, but unfortunately, the discussion did not take place as they (Megasteel) requested that only two of us (among the affected employees and picketers) can be present at the meeting,” he claimed, adding that the picket’s committee comprises six members.

When queried about the “Please help us, Prime Minister Najib” placard, Samsudin clarified that the picketers expressed hope that Prime Minister Najib Abdul Razak can aid the laid-off workers in returning to full employment.

“We hope the prime minister will help us by taking action against the rising imports of foreign hot rolled coils, which are imported at a cheaper price compared to local productions.

“When this (rising cheap foreign import) problem is solved, Megasteel can increase its revenues once more, and thus, help the workers in regaining full employment,” Samsudin said.

Megasteel’s side of the story

Malaysiakini has also contacted the Lion Corp subsidiary company, Megasteel Sdn Bhd, for its side of the saga.

Vasu Palanisamy, the senior manager group industrial relations and employee relations (IRER), claimed that because of Megasteel’s affected revenues, it implemented a layoff exercise among its employees from January 2016 onwards.

“A total of 486 employees had been laid off since January 2016,” Vasu claimed.

“For the moment, it’s unnecessary for our affected employees to report to work. They are on a work standby list, where we will contact them when their skills are required at work.

“Despite temporarily receiving a 50 percent cut in salary during their layoff period, these workers still enjoy employment perks like their medical treatments, which are paid for by Megasteel,” Vasu added.

Asked if any action will be taken against the picketers, Vasu said “No”.

“Nobody (involved in the picketing) will be reprimanded, for it was a peaceful gathering and we also understand their concerns with coping with the current cost of living.

“We still want to maintain a good working relationship with the (MIEU) union. (MIEU) is cooperative in the sense that we can still hold discussions to resolve this matter,” added Vasu.

Hope for the future

Vasu also said the affected employees will be at the top of Megasteel’s full-employment hiring list – with first-choice employment opportunities – when the company’s revenues and production rates recover.

“In addition, the Lion Corp training arm, CEDR (Corporate Consulting Sdn Bhd), has also been conducting free training sessions for the affected employees, with each session lasting a few weeks.

“The CEDR trainers help our employees by providing motivational talks, improving their CVs, prep them for interviews and invite potential employers who are seeking to hire new employees,” Vasu added.

So, what’s next for Megasteel and its disenchanted employees?

“We will schedule a meeting with the MIEU and picketers in the next few days,” Vasu said.

Posted by investor99 > 2016-04-12 13:22 | Report Abuse

http://www.nanyang.com/node/756725?tid=460

Posted by investor99 > 2016-04-13 15:13 | Report Abuse

This time really goreng ?

Posted by sharkeatapple > 2016-04-13 17:45 | Report Abuse

If the worry on Megasteel is not cleared. Hardly goreng.

Posted by 1009 > 2016-04-14 13:48 | Report Abuse

Goreng see buaya, not for good or bad?

Posted by sharkeatapple > 2016-04-14 15:43 | Report Abuse

Correct. You are right.
Good or bad also can goreng, depends on buaya.
But company without financial issue is easier to goreng.
Can attract more buyer.
If good news (clear the worry)announced, this counter will move.

Posted by kipidap > 2016-04-14 17:38 | Report Abuse

Propably the good news is on the way. Cannot announce it waiting for confirmation?

Posted by sharkeatapple > 2016-04-15 18:32 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5060185
OTHERS LION CORPORATION BERHAD ("LCB" or the "COMPANY") PROPOSED DECISION ON MEGASTEEL SDN BHD, A 79% OWNED SUBSIDIARY OF THE COMPANY, ISSUED BY MALAYSIA COMPETITION COMMISSION

We refer to the announcement of the Company dated 1 November 2013 wherein it was announced that the Malaysia Competition Commission (“MyCC”) issued its proposed decision in which MyCC is of the view that Megasteel Sdn Bhd (“Megasteel”) has breached the provision of section 10(1) of the Competition Act, 2010 in that Megasteel has abused its dominant position by charging or imposing a price for its hot rolled coil that amounts to a margin squeeze that produces anti-competitive effects in the cold rolled coil market (“Proposed Decision”). Under the Proposed Decision, a financial penalty of RM4,500,000.00 is to be imposed by MyCC on Megasteel.

The Board of Directors is pleased to announce that pursuant to a notice of finding of non-infringement from MyCC dated 15 April 2016, MyCC had determined that there is no infringement by Megasteel of section 10(1) of the Competition Act, 2010 as stipulated in the Proposed Decision. In arriving at the non-infringement finding, MyCC had concluded that Megasteel did not abuse its dominant position nor practice margin squeeze in the relevant domestic markets. The above final decision was made after careful reassessment of the case with more detailed information obtained through written and oral representations submitted by Megasteel as well as further analysis made by MyCC.

Posted by investor99 > 2016-04-15 19:07 | Report Abuse

Consider as little good news?

Posted by sharkeatapple > 2016-04-15 19:33 | Report Abuse

Can be considered as little good news. At least: "Megasteel did not abuse its dominant position nor practice margin squeeze in the relevant domestic markets."
But still pending for its regularisation plan.
Need to clear the "road block".
Once road block is cleared (only if), the price will move like other steel counters.

Posted by investor99 > 2016-04-15 23:25 | Report Abuse

http://www.theedgemarkets.com/sg/node/272905

Posted by investor99 > 2016-04-16 09:11 | Report Abuse

http://www.enanyang.my/news/20160416/大马竞争委员会证实br-美佳没滥用主导地位/

Posted by investor99 > 2016-04-16 09:37 | Report Abuse

http://www.thestar.com.my/business/business-news/2016/04/15/megasteel-cleared-of-competition-act-infringement/

Posted by investor99 > 2016-04-16 09:48 | Report Abuse

Good news will continually announce ?

Posted by eftee > 2016-04-16 09:58 | Report Abuse

Gave up on this counter. thought backed by the man will be good. Loss the most after holding so many years. Kept adding and keep dropping. Now I am clear of all. Take 5 sen better than taking 1 sen back.

Posted by sumatecidol > 2016-04-18 13:59 | Report Abuse

This counter is going to shoot, as the reason below is realiable,
1)the excessive of steel left in china is being digest over a years. The demands started to grow and the iron ore in australia is going to looking good in future.
2) most of the steel company stock in malaysia have been shooting up for few week, the goreng kaki is going to change the stock which havent been goreng.
3)the lion corp didnt break the against the law as the news just spread out yesterday.
4) lion corp stock price have breakout the downtrend line, and shows double bottom.

So, it is great chance for u to invest. Dont regret before it is too late!

Posted by 1009 > 2016-04-18 14:03 | Report Abuse

黑暗即将结束，黎明不再遥远了。狮子精神，永不言败。

Posted by investor99 > 2016-04-18 15:01 | Report Abuse

few years no high volume transaction, how banker collect chips for goreng?

Posted by investor99 > 2016-04-18 17:58 | Report Abuse

http://www.theedgemarkets.com/my/article/mycc-clears-megasteel-anti-competitive-behaviour

Posted by investor99 > 2016-04-18 18:03 | Report Abuse

http://www.theedgemarkets.com/my/article/laid-megasteel-workers-picket-demand-compensation