Over the past 3 weeks, Tony has bought 2 million TA shares at around 74 sen a piece and a further 3.6 million at over 80 sen a piece. He could not have bought these shares for no reason.
remember..proxies..what do u expect? he's the tokey of brokerage firm..sure got proxies ma..he was even banned from being a broker until now..while he's a tokey of brokerage...pelik tapi benar
so the big question is..at what price should we re-enter? and for whomever has the stock..should they hold or sell..and at what price? very difficult problem to settle ma
What has happened to TA now? Hardly a month ago, Insas was trading at under 60 sen a share while TA was trading at just under 70 sen. Now Insas has gone up to the sky while TA is still struggling at under 80 sen.
latest announcement tony bought 150k units at 76 cents...so little...just to impress u all that he's still buyin..while his proxies selling more than that
The Board of Directors of TA Enterprise Berhad (“the Board”) wishes to announce that the Company has acquired 2,145,000 ordinary shares of RM1.00 each representing 30% of the equity interest in TA Futures Sdn Bhd (“TAF”) for a total consideration of RM4,905,000.00 on 22 November 2013 (“Acquisition”).
TAF was incorporated on 14 April 1995 as a private limited company in Malaysia (Company No. 340271-W) pursuant to the Companies Act, 1965. The authorized and issued share capital of TAF is RM10,000,000.00 divided into 7,145,000 ordinary shares of RM1.00 each and 2,855,000 Cumulative Redeemable Preference Shares of RM1.00 each. Its principal activity is licensed futures and options broking. Currently, the Company is holding 70% equity interest in TAF. Pursuant to the Acquisition, TAF shall be a wholly-owned subsidiary of the Company. None of the Directors, substantial shareholders and/or persons connected with them has any direct or indirect interest in the aforesaid acquisition. This announcement is dated 22 November 2013.
The Board of Directors of TA Enterprise Berhad (“TAE”) wishes to announce that TA Securities Holdings Berhad (“TASH”), a wholly-owned subsidiary of the Company has acquired 1,500,000 ordinary shares of RM1.00 each representing 30% equity interest in TA Investment Management Berhad (“TAIM”) for a total consideration of RM2,795,000.00 on 22 November 2013 (“Acquisition”).
TAIM was incorporated on 17 April 1995 as a public limited company in Malaysia (Company No. 340588-T) pursuant to the Companies Act, 1965. The authorized share capital of TAIM is RM10,000,000.00 divided into 5,000,000 ordinary shares of RM1.00 each and 5,000,000 preference shares of RM1.00 each. The issued and paid-up capital is RM6,001,000.00 divided into 5,000,000 ordinary shares of RM1.00 each and 1,001,000 preference shares of RM1.00 each. Its principal activity is licensed fund manager managing unit trust and private funds. Currently, TASH is holding 70% equity interest in TAIM. Pursuant to the Acquisition, TAIM shall be a wholly-owned subsidiary of TASH and TAE shall be the ultimate holding company of TAIM. None of the Directors, substantial shareholders and/or persons connected with them has any direct or indirect interest in the aforesaid acquisition. This announcement is dated 22 November 2013.
so many TAxx..... am confusing here..... Can anyone put them into chart so that we can understand the interlink of each TAxx connected to TA? This is helping the TA fans here to have better picture? I think this announcement should be good news..... right?
In summary, after acquisition, TA Security Holding owns 100% of TA Investment Management and 100% of TA Futures. Before the acquisition it is only 70% of each.
This is the initial corporate move....more to come.
Just sit back and think for a moment....Tony Tiah has been patiently accumulating TA for months..rumours has it...there's offer on the table but tony deems the offer is unattractive / undervalued...so what do u think he is doing now? consolidating his position? let's ponder....
PS: my average cost is 0.53. sometimes u want to win big...u need to have a lot of PATIENCE
If you think Ta is not a good fundamental shares, don't buy it. No one force you to buy. I just sharing my info with you guys. Target price 1.00 and Ta is the next target of the big bank. That's why ta share price increase in last couple of months.
I am sorry ....Mr buybuybuy1 .... I am just kidding ....you r just share your info to all TA member only...I know TA share with increase a low...... thx your info...next time I will not joke with you..
TA is definitely a target for banks or bigger brokerage firms. Tony is just holding out for the best price but whether or not a bid that matches his price tag comes in still remains to be seen. I am taking a cautious approach and am still holding till today. Let's see how this pans out in the coming weeks.
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....
member41
3,718 posts
Posted by member41 > 2013-11-21 09:42 | Report Abuse
did tony buy any more at lower ?