Posted by pujut > 2015-05-13 18:19 | Report Abuse

REQUEST FOR SUSPENSION
PERDANA PETROLEUM BERHAD



Kindly be advised that at the request of PERDANA, trading in the Company's securities will be suspended with effect from 9.00 a.m., Thursday, 14 May 2015 pending an announcement. Accordingly, all structured warrants relating to PERDANA will also be suspended at the same time.

Posted by pujut > 2015-05-13 18:20 | Report Abuse

DAYANG - Suspension of Trading
DAYANG ENTERPRISE HOLDINGS BERHAD



Kindly be advised that at the request of DAYANG, trading in the Company's securities will be suspended with effect from 9.00 a.m., Thursday, 14 May 2015 pending an announcement. Accordingly, all structured warrants relating to DAYANG will also be suspended at the same time

Posted by pujut > 2015-05-13 18:20 | Report Abuse

alhamdullilah...hope better offer.....

Posted by wisdomtot > 2015-05-13 21:04 | Report Abuse

Let's hope for the best... RM 2.00 offer? Maybe in my dreams... lol. I was hoping the share price will recover even more before the takeover offer, but I guess Dayang foreseen the risk of the share price recovering and hence, make a takeover offer while the price is still fairly low...

Posted by TAfreshie > 2015-05-14 06:51 | Report Abuse

It should be above RM1.80 because the Tabung Haji's block of slightly more than 5% was bought at RM1.80. Surely TH wouldn't want to sell at a loss to allow Dayang to take Perdana private. But. well, you never know how the final price will work out. I bought at RM1.48 on Monday before prices started to fall, based on my TA. Cheers.

Posted by johnny cash > 2015-05-14 07:20 | Report Abuse

All systems GO?
As highlighted in our 26 Mar note, we think that a general offer (GO) for
Perdana shares by Dayang is possible, more so following separate
announcements by Perdana and Dayang today on the trading suspension of
their shares tomorrow. We maintain our Add call and target price on Perdana,
although its share price has rallied by 25% since we released our 26 Mar note
- leaving just a 7% upside to our target price - pending the release of details.
We continue to value the stock at 10.5x CY16 P/E, still at a 30% discount to the
oil & gas big caps. Perdana remains our top oil & gas small-cap pick.
What Happened
Perdana announced today that the trading of its shares will be suspended
tomorrow. Earlier today, the company received a letter from its largest
shareholder Dayang that intends to enter “into a material corporate transaction
involving Perdana”. Dayang also announced that the trading of its shares will
be suspended tomorrow. No further information was disclosed.
What We Think
We think that Dayang is set to launch a GO for Perdana shares it does not
already own. We highlighted this possibility in our 26 Mar note following
Dayang’s aggressive buying of Perdana shares the week before. Currently,
Dayang owns a 29.9% stake in Perdana. To recap, Dayang became Perdana’s
shareholder in Dec 2011 through a 10% private placement and has since
increased its stake to the current level.
The synergies between the two companies are in the area of brownfield services,
which require workbarges and workboats. Perdana currently has five
workbarges and a workboat deployed to Dayang on long-term charters. More
than 70% of Perdana’s vessels are on long-term charters. The control of
Perdana would give Dayang better access to Perdana’s young fleet of 19 vessels,
of which 17 are in operation and two are due for delivery in FY16. The fleet’s
average age is 4.8 years. Perdana has an order book of around RM1.1bn up to
FY19.
Perdana’s share price has rallied by 25% and outperformed the KLCI by 26%
since we released our 26 Mar note. The current share price of RM1.50 – the
highest YTD – is just 7% shy of our RM1.61 target price, which we are
maintaining for now pending the release of transaction details.
What You Should Do
We advise shareholders to hang on to their shares.

Posted by johnny cash > 2015-05-14 07:21 | Report Abuse

target price still maintain 1.61 by CIMB......

Posted by TAfreshie > 2015-05-14 07:56 | Report Abuse

Correction: TH has 8.43% or 62.2m shares in Perdana said to be bought at about RM1.80.

Posted by TAfreshie > 2015-05-14 07:59 | Report Abuse

another substantial shareholder is Henry Poh Eng Kho. He has a 5.2% stake in the company. No info on his purchase cost.

Posted by limyuwei > 2015-05-14 17:23 | Report Abuse

1.55

Posted by limyuwei > 2015-05-14 17:24 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4736929

Posted by speakup > 2015-05-14 17:37 | Report Abuse

1.55 fair price.

Posted by wisdomtot > 2015-05-14 18:00 | Report Abuse

1.55 is not good at all... proposal shall be rejected... it's worth a lot more..

Posted by Unbeatable Nick > 2015-05-14 19:29 | Report Abuse

oh no,,,just 1.55

Posted by ct888 > 2015-05-14 19:30 | Report Abuse

Tmr will goreng till 1.6 or more.
Offer low first, then buy from open market bit higher.
If offer higher then got to buy open much higher.

Posted by mcbaomc > 2015-05-14 19:39 | Report Abuse

Who want to take the offer? Better dispose at open market la

Posted by granto > 2015-05-14 20:14 | Report Abuse

Dayang to take over Perdana Petroluem: http://splash247.com/dayang-to-take-over-perdana-petroluem/

Posted by TAfreshie > 2015-05-14 21:14 | Report Abuse

Tomorrow may see a fierce battle between the bulls and the bears. Dayang may try to drive Perdana price down while Perdana may try to drive it up. At this moment, it seems the biggest loser is Tabung Haji which has a 8.43% block of shares reportedly bought at RM1.80 each. So what will it do? Let's sit back and watch the battle unfold.

Posted by ct888 > 2015-05-14 21:44 | Report Abuse

How to drive down (means sell) when you want take over?
Dayang will keep buying till 90% to mandatory take over.
So start offer low first, some will sell. Then up bit, more sell. Then up up till final push to acquire 90%.

Posted by firehawk > 2015-05-15 00:57 | Report Abuse

1.55 is the Share Sale Agreement (SSA) price, unless they alter the agreement, otherwise, the price won't be changed ......

Posted by TAfreshie > 2015-05-15 07:45 | Report Abuse

The SSA is between Dayang and Affin Hwang Asset Management and it is concluded on a willing-buyer, willing seller premise. It is this block of slightly more than 5% shares which has given Dayang more than the 30% stake that triggers the MGO to other shareholders of Perdana. What Dayang is interested is the remaining shares of the significant shareholders of Dayang. And it is this price of RM1.55 which Dayang has agreed to pay Affin (which is has accepted) that Dayang is offering to buy out the remaining shareholders. Unfortunately, this price may not be attractive to some of the shareholders such as Tabung Haji, Poh Eng Kho, EPF, and others in Perdana who have substantial shareholding. Dayang does not need to own the company 100%. What it wants is a controlling stake. It is not taking Perdana private. Perdana will maintain its listing on Bursa. So if Perdana price keeps going up, then the remaining shareholders will be discourage to sell at RM1.55. Also the SSA is conditional and Affin may ask for a higher price or withdraw from the deal. Let's see what will happen today which may provide us with some signs of how this deal will work out. Happy trading!

Posted by runnerman > 2015-05-15 09:09 | Report Abuse

Today 1.7....let fry it

Posted by klsetrader > 2015-05-15 11:10 | Report Abuse

Rm1.7 hardly possible ... unless you have rm300mil on hand to fry it or oil price hits $150 bucks by noon time. My view this morning price of Rm1.53 its a good price to run and take profit, no point waiting for another month of so .. just to get that extra 2 cents

Posted by ct888 > 2015-05-15 13:22 | Report Abuse

Today is test bottom. Next week then goreng time.
Bottom at 1.51 or 1.50 .
Can't be below 1.50, no real seller that price when offer @ 1.55

Posted by klsetrader > 2015-05-18 12:27 | Report Abuse

it cant go below 1.5 and it wont exceed 1.55 either

Posted by joni > 2015-05-20 16:42 | Report Abuse

will wait till 1.65

Posted by ct888 > 2015-05-20 21:03 | Report Abuse

1.5 no more seller, then 1.51, 1.52, ... 1.5X

Posted by howard498 > 2015-05-20 22:14 | Report Abuse

1.65 wont be the highest

Posted by wisdomtot > 2015-05-21 22:02 | Report Abuse

bad quarter result... how to justify TO price higher than 1.55

Posted by supernova > 2015-06-03 11:16 | Report Abuse

huge block Q buy @ rm1.50 !!

Posted by supernova > 2015-06-03 11:17 | Report Abuse

@ct888 your crystal ball works

Posted by wisdomtot > 2015-06-25 11:43 | Report Abuse

surprisingly more and more transactions trading at 1.54 the past 2 days..hm...

Posted by gksains > 2015-07-24 18:42 | Report Abuse

if I dont take up the offer @ rm1.55, what happens to my shares?

Posted by Luna Kai > 2015-07-27 16:21 | Report Abuse

u get to keep it

Posted by chuck > 2015-09-28 22:07 | Report Abuse

i recommend you to join BHS ...

just BUY @ 40~42 SEN. before 30 september.

If it moves 10%+, then just sell.

If not, otherwise, offload at whatever price before 8 Oct. TQ

Chances of winning >60%
Yes, you got 40% chance may lose.

Posted by hee1999 > 2016-05-09 21:56 | Report Abuse

why this stock cannot do trading?

Posted by tssl74 > 2016-10-06 11:24 | Report Abuse

anyone has any update for this counter?

Posted by stevenkau > 2016-12-05 10:42 | Report Abuse

cannot trade at all, but why Public Bank keeps giving the outlook?

Posted by Muhd Abd Ghaffur > 2017-01-11 22:26 | Report Abuse

Dayang currently own 98.2% perdana that was why it suspended. Once Dayang release 23.2 % of this share then only this share will float again.

Posted by Like > 2017-01-30 21:08 | Report Abuse

很久

很久沒看到好人chung的出現了。
你，好嗎？

Posted by OrlandoOIL > 2017-10-24 13:55 | Report Abuse

Tis is wat happen whn u hv big impairment d n later win contracts

http://www.theedgemarkets.com/article/tas-jumps-1071-returning-black

Posted by 5125 > 2017-11-03 02:17 | Report Abuse

.... the day relisted, LIMIT DOWN TWICE!!! =( =<

Posted by MoneyNotEnough > 2017-11-10 12:10 | Report Abuse

http://www.theedgemarkets.com/article/hibiscus-active-136-positive-outlook

Posted by MoneyNotEnough > 2017-11-10 12:10 | Report Abuse

http://www.enanyang.my/news/20171110/%E8%BF%91%E6%9C%9F%E6%95%B2%E5%AE%9A%E4%B9%B0%E5%8D%96%E7%BB%86%E8%8A%82br-%E5%A4%A7%E7%BA%A2%E8%8A%B1%E7%9F%B3%E6%B2%B9%E5%AF%84%E6%9C%9B%E6%B2%99%E5%B7%B4%E8%B5%84%E4%BA%A7/

Posted by MoneyNotEnough > 2017-11-10 12:11 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5597269

Posted by kahsoon888 > 2017-11-10 16:54 | Report Abuse

Why u share hibiscus?

Posted by mredzuan > 2017-11-20 17:30 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5607557

Posted by Romyzam > 2017-11-24 21:19 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5614521

Posted by Pacbut286 > 2017-11-27 10:21 | Report Abuse

when this counter will be trade again?

Posted by Azman Hashim > 2017-11-30 19:24 | Report Abuse

I also waiting perdana start trading again. Got few from dayang