Posted by cfoong > 2014-09-19 09:10 | Report Abuse

haha.. 1.63/1.65... sound interested...

Posted by Chris K Yeong > 2014-09-19 11:35 | Report Abuse

Could be anytime :p

Posted by lcng123 > 2014-09-19 16:54 | Report Abuse

sometimes i noticed that if a counter's share price doesn't move for a period of time, after you force to sell a few lots, the share price will start move up. i have test for protasco, sold yesterday at 1.70 and now move to 1.75, mkh sold at 3.03 and finally move 4.34, for plenitude sold at 2.66 and finally move 3.50, matrix sold at 3.87 and finally move to 4.70, ksl sold at 3.78 and now was at 4.68 and etc. luckily i just sold out a small portion of each counter. you may try if you counters' share price didn't move.

Posted by Chris K Yeong > 2014-09-19 18:40 | Report Abuse

Cling, next time if u sold any counter please update here so that we can catch it up ... Kekeke :p

Posted by Chris K Yeong > 2014-09-19 18:40 | Report Abuse

Lcng

Posted by 黄睦焜 > 2014-09-21 22:12 | Report Abuse

https://www.facebook.com/klsetechanalysis?hc_location=timeline
time to reversal ... morning star form

Posted by 4u2c > 2014-09-22 00:14 | Report Abuse

lcng123.......yes.i notice that as well........ha ha

Posted by dalpinia > 2014-09-22 17:06 | Report Abuse

means dun keep on buy & sell....put for 1 yr dun touch....

Posted by dalpinia > 2014-09-22 17:06 | Report Abuse

you will get rewarded .....this is called real investor not trader.

Posted by Man Kit > 2014-09-22 18:09 | Report Abuse

Prtasco filed a court case to tey and ooi. Will tey throw prtasco price to below 1?

Posted by halopanda > 2014-09-22 18:50 | Report Abuse

Reference is made to our announcements dated 30 January 2014, 10 February 2014, 25 July 2014 and 5 August 2014. Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the previous announcements above.

Protasco Berhad (“Protasco” ) wishes to announce that Protasco has today filed a legal suit at the Kuala Lumpur High Court against PT Anglo Slavic Utama (“1st Defendant”) and two of its directors, namely Tey Por Yee (“2nd Defendant”) and Ooi Kock Aun (“3rd Defendant”) (“Legal Proceeding”). Protasco’s claim against the 1st Defendant is for the refund of the Purchase Price paid under the Restated SPA dated 28 January 2014 and/or damages and/or for damages arising from the breach of contract. Apart from the Restated SPA being void, and as a further or alternative claim, as the Conditions Subsequent were not fulfilled within the Condition Period, Protasco proceeded to terminate the Restated SPA and demanded for the return of the Purchase Price from the 1st Defendant vide its letter dated 4 August 2014.

Protasco’s claim against the 2nd Defendant and the 3rd Defendant is premised on the breach of their fiduciary and statutory duties including the duty to disclose their interest in the transaction, conspiracy to defraud Protasco and the making of secret profit. Protasco is seeking damages against the 2nd Defendant and the 3rd Defendant.

Protasco wishes to state that the Legal Proceeding it has initiated has no significant immediate adverse impact on the current financial position of Protasco. Protasco will make impairment on the Purchase Price if necessary in consultation with its Auditors.

Posted by halopanda > 2014-09-22 18:51 | Report Abuse

Didn't I warn you guys about this...

Take care.

Posted by Ayamjohor > 2014-09-22 18:59 | Report Abuse

Looks stupid why such conspiracy theory. Was ceo trying to play our new shareholders like he did to last old shareholders? Dont trust this management anymore. Disgusting liers.

Posted by sl3ge > 2014-09-22 20:26 | Report Abuse

@ayamjohor, last time also got happen?

Posted by Seabiscuit > 2014-09-22 20:43 | Report Abuse

Some serious language being used against the 2nd and 3rd defendant!!!!!

Posted by stink > 2014-09-22 21:11 | Report Abuse

Protasco’s claim against the 2nd Defendant and the 3rd Defendant is premised on the breach of their fiduciary and statutory duties including the duty to disclose their interest in the transaction, conspiracy to defraud Protasco and the making of secret profit. Protasco is seeking damages against the 2nd Defendant and the 3rd Defendant

who is Tey & Ooi? & companies related to them?

Posted by halopanda > 2014-09-22 21:32 | Report Abuse

Tey is a substantial shareholder while Oei is director of both Protasco and PT ASI

Posted by Ayamjohor > 2014-09-22 21:43 | Report Abuse

Bankers rumor the ceo chong cheated 2 new shareholders to buy out old shareholder. Must be from some one with major shares. Cheated once now twice. Also all minor shareholders along the way. A company which repeatedly cannot works with shareholders and cannot negotiate solution and end up risking investors money is not qualified to run public company. Worst trying to divert responsibility with poison pen rather than solution, could be on purpose. Such reckless company is hopeless. Minorities get hurt the most.

Posted by ykloh > 2014-09-22 21:59 | Report Abuse

Most forummers on this thread thought the worse case scenario was the default in the repayment of the money. Now it is far worse than that. Also, how come that TPY and OKA were on the board of PTASU was not known to the Protasco, unless its MD, Chong Kah Kiat was sleeping, or something worse than that.

Posted by Ayamjohor > 2014-09-22 22:00 | Report Abuse

Rumor ceo chong bribe oil company to setup trap and cheated new shareholders with oil business later cheat big investor to invest and follow the business with the setup to dishonor his promise like today. Cunning way to cheat investor setting trap to play out one investor after another. Was there any proper negotiation to recover company interest or all just one man decision to complete his bad intension from day one? No matter what lies company executive directors ran the show, from start until now. Get big investors, made up story, approve everything. Who to blame if drives the car bang the country cow? Go blame the farmer? Why not drive safe? All the world got cheated. Shame.

Posted by Ayamjohor > 2014-09-22 22:06 | Report Abuse

Bankers rumor if true the chong ceo is a cunning bad hearted lier. Never appreciate his investors but worst set them up to play them out. He is not sleeping but openly cheat investors to buy out other big investor and play small investors like us like fools. What kind of evil is this disregard small investors interest. Disgusting.

Posted by Ayamjohor > 2014-09-22 22:11 | Report Abuse

I believe TPY and OKA if proven not even knows ASU and read this may get company in trouble sue for defamation. I hope not like big shots sue big money. Pray. Then all these politic at minority investors cost. What kind of reckless ceo is this? Get your politic privately and stop abusing public for your own agenda. Wrongly invested now stuck high price. Curse you in hell.

Posted by Ayamjohor > 2014-09-22 22:19 | Report Abuse

The trio shareholders got their own problem go settle among themselves why play small investors sue here and there? Later found out wrong kena sue back. Again small investors get hurt the most. Said enough. My average down looks dead now at least for long while. Am out.

Posted by nich0las > 2014-09-22 22:38 | Report Abuse

Hello, What happend is this? damm, not yet earn already come this and that bad news. sh!t lo, my average price still @ 1.77. rugi la.

Posted by davidkkw79 > 2014-09-22 22:40 | Report Abuse

Tomorrow surely will cause a panic sell, resistance at RM 1.40

Posted by nich0las > 2014-09-22 22:57 | Report Abuse

sell sell sell. sell 1.75 tomolo. damm

Posted by sam88 > 2014-09-22 22:59 | Report Abuse

@nich0las sell at 1.75 is impossible..

Posted by chloe_ts > 2014-09-22 23:05 | Report Abuse

oh no,, dejavu..

Posted by halopanda > 2014-09-22 23:32 | Report Abuse

Sell at any price

Posted by Hebatsaham > 2014-09-23 06:22 | Report Abuse

Power fight is always end up price up and up! The MD chong may end up being sued for power abuse and sell his shares to pay back for his reckless decisions. Enjoy the ride!!

Posted by Hebatsaham > 2014-09-23 06:36 | Report Abuse

The teh and oii should buy more shares instead of suing the MD for defamation and power abuse. Bad for small shareholders if fight. Buy not fight.

Posted by speakup > 2014-09-23 07:35 | Report Abuse

OMG!

Posted by cfoong > 2014-09-23 08:18 | Report Abuse

haha... let see any drastic prices drop... good time to accumulate if any opportunity arise... Bear in mind tht Prtasco may need to make impairment loss provision of RM 71.9 million... haha...it is about 2 years net profits of the group... lucky! lucky!... i quit all liao...:) :) runtuh...runtuh...

Posted by cfoong > 2014-09-23 08:32 | Report Abuse

Dun hope for the next quarter results when come to impairment loss provision and its dividen may reduce as well.... let quit 1st and accumulate later.. the fundamental of it remains unchanged..but only due to Dato Chong put trusts on the wrong person.. but u know...one u be "con" and u have to pay a price, perhaps the whole prtasco shareholders need to pay for the price... but one time sakit sakit lo...wht to do..

Posted by nich0las > 2014-09-23 09:02 | Report Abuse

drop liao, 1.68. sh!t, 1.75 really imposible to sell. haiya. keep la.

Posted by cfoong > 2014-09-23 09:13 | Report Abuse

today close shall be below 1.65.... runtuh!... courts cases may take years to conclude...esp in Indonesia...not easy...

Posted by davidkkw79 > 2014-09-23 09:15 | Report Abuse

big impairment loss just let me remind of MSC.... continuosly loss with impairment

Posted by davidkkw79 > 2014-09-23 09:17 | Report Abuse

price is runtuh now!

Posted by coobacooba > 2014-09-23 09:21 | Report Abuse

Really disappointed. I still had so much faith on it despite so many bad news before this. Still hopeful that the price will up since its earnings still intact, fundamentals remained unchanged. But after this news out, I gave up. Directors are fighting among themselves, this will cause serious damage to the company. Can they still focus on the business and bring value to the company? Court case will take years to complete and not forgetting the impairment loss that will impact their bottom line. So, bye bye Prtasco! Learnt a great great lesson here..

Posted by TuaHuat > 2014-09-23 09:23 | Report Abuse

Wow, was that a trick by CEO and/or key shareholders to accumulate low then revoke the case ?

Posted by lcng123 > 2014-09-23 09:24 | Report Abuse

cfoong, why impairment loss of RM 71.9 mil ? the deposit of acquisition of o&g is RM 50 mil and the balance sheet recorded that the reserve is RM 62 mil.

Posted by coobacooba > 2014-09-23 09:30 | Report Abuse

I don't think the case can be easily revoked. Like joerakmo said, it is a serious allegations. Investors will lose confidence on the management.

Posted by speakup > 2014-09-23 09:44 | Report Abuse

tey vs protasco. prtasco down 5%. nexgram unchanged.
tey winning!

Posted by speakup > 2014-09-23 09:50 | Report Abuse

FYI, i dont have any shares in prtasco & nexgram.

Posted by johnny cash > 2014-09-23 09:52 | Report Abuse

management tricky like vincent tan

Posted by sephirohn > 2014-09-23 09:57 | Report Abuse

The price drop so much not good for this three person, their are shareholder in protasco. So the best way is collect more share and make the voting to kick out from the boardroom.

Posted by 8u29song > 2014-09-23 10:03 | Report Abuse

most tricky some are those......retailers lar !!!!!
buy, buy, sell, sell.....aim for largest gains....

just my opinion.

Posted by johnny cash > 2014-09-23 10:14 | Report Abuse

Maintain BUY. We see the latest development as no more than a “rough patch” for Protasco. We continue to like the company as it offers investors the best of both worlds – high earnings growth (driven by construction and property development projects) and a high dividend yield of 6%, underpinned by strong cash flow from its road maintenance concessions. We keep our SOP-derived FV at MYR2.43 (see Figure 2).

Posted by klseklse > 2014-09-23 11:52 | Report Abuse

let the weak sellers go, everything will be backed to normal in 2 months time

Posted by Hebatsaham > 2014-09-23 12:18 | Report Abuse

The two investors got cheated and now got bully falling into MD conspiracy sure no choice buy more. See from strong buying. Small Investors is on your side.