SALCON BHD

KLSE (MYR): SALCON (8567)

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Last Price

0.42

Today's Change

+0.005 (1.20%)

Day's Change

0.41 - 0.43

Trading Volume

6,015,900


9 people like this.

7,567 comment(s). Last comment by sunnyspoon 10 hours ago

Posted by Chong Kan Yik > 2013-09-20 00:41 | Report Abuse

Be patience, Salcon story not yet end, neither nor focal.

YiStock

1,984 posts

Posted by YiStock > 2013-09-20 00:54 | Report Abuse

Will continue to accumulate :-)

messi

1,915 posts

Posted by messi > 2013-09-20 00:56 | Report Abuse

hope you are right...

james88n

115 posts

Posted by james88n > 2013-09-20 08:51 | Report Abuse

fully agree with Chong Kan Yik...

tedbeh

303 posts

Posted by tedbeh > 2013-09-20 09:01 | Report Abuse

Just an advice, buy mother share as warrant is too risky, too close to expiry and the conversion price is high, that's why the major shareholders happily threw all their warrants last friday when the price touched 25

hiddengem

1,186 posts

Posted by hiddengem > 2013-09-20 09:06 | Report Abuse

Support level shld b @ 0.62 & 0.58.

YiStock

1,984 posts

Posted by YiStock > 2013-09-20 09:11 | Report Abuse

My opinion, only few days back when the price and volume shoot up and down, i suppose the expiry date is not really short (about 8 months), not 8 weeks or 8 days. 8 months is real long period for a high beta company. When price at 0.21 level, big shark collect, when price shoot up, small fish herd in...then i saw many posts saying " die la...hopeless la...".....Seriously dont quite understand...anyway, i just small fish, but i prefer to swim with big shark, rather then got bitten or eaten....external factor is always my major concern as our stocks are too small to influence big boys like DJI, Nikke... since now the dark cloud is cleared, i will still take the risk..happy investing :-)

YiStock

1,984 posts

Posted by YiStock > 2013-09-20 09:13 | Report Abuse

Sorry, i'm referring to warrant

0bucks

253 posts

Posted by 0bucks > 2013-09-20 09:57 | Report Abuse

YiStock, your comment at least relieving my skepticism

topseeker

222 posts

Posted by topseeker > 2013-09-20 12:02 | Report Abuse

but salcon-wa still in uptrend mode.. hope it will still remain uptrend. suppport for warrant at 0.190-0.195

keithchan

367 posts

Posted by keithchan > 2013-09-20 12:06 | Report Abuse

....lost my last faith in the Ipoh Sam Teck boy liao...

topseeker

222 posts

Posted by topseeker > 2013-09-20 12:20 | Report Abuse

somebody still collecting around 0.21 for warrant. think will be goreng by next week... good luck^^

Lim AS

275 posts

Posted by Lim AS > 2013-09-20 13:08 | Report Abuse

someone mentioned Tan Sri booted out focal last week? R u sure ? then what is the next co he is going to? someone mentioned MP Corp but already designated as PN1 counter, hutang tak bayar ? As it stands now focal is too overpriced now at 10xs its earlier price at 25 cts - is hitting 2.50 soon ? Tan Sri only want to buy at 1.40 so I think majority shareholders will not sell at 1.40 given the present scenario? what options next will be anybody guess? Is there the possibility he may consider Salcon where it is still relatively cheap at 60+ cts ? just like to put forward my questions for all to ponder....

Alex Chan

3,915 posts

Posted by Alex Chan > 2013-09-20 13:45 | Report Abuse

they already have 30%...

hiddengem

1,186 posts

Posted by hiddengem > 2013-09-20 13:58 | Report Abuse

SALCON fundamental still intact. Dont gv up hope. Good luck

YiStock

1,984 posts

Posted by YiStock > 2013-09-20 14:24 | Report Abuse

Agreed. Price shoot up when the NEWS about Tan Sri effect + Langat 2 + china asset sell, ever since then, the price has back to the bottom again. Those got warrant at RM 0.28 few weeks back, they chased based on news. Since now the price is bottoming, anyone think the price will shoot up again when the news are MATERIALIZING?

YiStock

1,984 posts

Posted by YiStock > 2013-09-20 14:26 | Report Abuse

The rational here is that, if the price remain at the top, then the news has factored into the price. My doubt is, at current price, the news is no longer factored in. Can someone please enlighten me. Thank you

koisewchay

2,499 posts

Posted by koisewchay > 2013-09-20 14:30 | Report Abuse

60% from few directors + ??% from open market, then dispose a portion of that at above 2.30 to control a listed com for 0 cent . Later ????? $$$$

YiStock

1,984 posts

Posted by YiStock > 2013-09-20 15:13 | Report Abuse

Bro Seph, going into property sector is the reason why they dispose china biz right? why capital repayment?

sephiroth

14,122 posts

Posted by sephiroth > 2013-09-20 16:01 | Report Abuse

YiStock, not capital repayment, maybe special dividend??

YiStock

1,984 posts

Posted by YiStock > 2013-09-20 16:33 | Report Abuse

i c i c :-)

0bucks

253 posts

Posted by 0bucks > 2013-09-20 16:43 | Report Abuse

why is the warrants going downwards?

0bucks

253 posts

Posted by 0bucks > 2013-09-20 16:55 | Report Abuse

i think i will sell this, its never ending drop, double top is more obvious now

traderman

7,854 posts

Posted by traderman > 2013-09-20 17:24 | Report Abuse

better sell ... directors all selling in big lots last friday.

Posted by weixing1 > 2013-09-20 23:36 | Report Abuse

Directors only cleared their warrants, not the mother shares. (Note the 450K sold by Law is staff ESOS). China concession sale subject to EGM. Wait for EGM circular to see if they give special dividend (I believe they will, so as to please the share holders a bit). Salcon's next move is not clear, just one small Selayng project and a Johor project which can only do something earliest 1st quarter next year. Dato Eddie told the press he will take his time. Anybody's guess how long he is going to take, since he is now very busy with Eco and Focal.

YiStock

1,984 posts

Posted by YiStock > 2013-09-21 13:55 | Report Abuse

Plus, Salcon is appointing eco world to be the main contractor together to develop project in johor. This is something great.

cosway

81 posts

Posted by cosway > 2013-09-21 14:18 | Report Abuse

This is a good hit counter together with its WA. Monday is best BUY as M'sian market will have a correction as Dow Jones drops 185 pts last FRI. Also clearing its recent T3 big volume.Buy when it dips can make some pocket money.

Posted by Chong Kan Yik > 2013-09-21 16:15 | Report Abuse

Mr tedbeh state it right, that why directors only dispose warrants but not mother share. Also aggree what weixing1 said. Big chances to pay out special dividend, directors maybe using warrants money to buy in more mother share. Dispose their water business in china, how much cash per share Salcon hold? rm300m+ / 600m+ share = RM0.50 per share. This one not include the retains money almost rm0.14 yet, come on, you are buying a (0.50+0.14=RM0.64)company and that include all the asset! I take this as my next Pantech ^^

traderman

7,854 posts

Posted by traderman > 2013-09-21 23:41 | Report Abuse

Ok means dividend won't benefit the son, only mother

Lim AS

275 posts

Posted by Lim AS > 2013-09-22 12:44 | Report Abuse

No more property?
Agreed with nallayak that we have too many townships in JB . The present population will never support the many townships built . S'poreans r reserved to put their monies here too due to security reasons . Left only Indons n Banglas where they r most likely not tempted with the millions of RM spent to own a property here . Our Malaysians only in minority may afford the price tags . The second home project may attract some foreigners who r cash rich . Beware what is happening in most major China secondary cities that have been reported ended up as ghost towns ? No buyers n no peoples r coming around ? With the overhanging QE , EU debt crises , US Trillion debts , wars in imminent and currency speculators r abound . Do u still think we will be spared ???? No doubt it will boom but for short term . For long term , will see property as curse?

Lim AS

275 posts

Posted by Lim AS > 2013-09-22 22:19 | Report Abuse

Dows down 15,451.09 -185.46 1.19% ? Do u still think our market will move north ? It will be serious correction when our market touching 1800 pts ? Better hold for a few more days to see the market direction n movement.

TESSA

7,919 posts

Posted by TESSA > 2013-09-22 22:27 | Report Abuse

dunno, god knows :)

CityTrader

8,151 posts

Posted by CityTrader > 2013-09-22 22:48 | Report Abuse

Let us visualise. When tapering has been deferred, us fund may not go back to their own country so they will re enter to asian, so our bursa is predicted down due to panic selling by our retailers. Big fund starts to collect low to upside the index. End of the day, it only down -2. Hehe.

0bucks

253 posts

Posted by 0bucks > 2013-09-23 08:58 | Report Abuse

so the tapering deferred news only last for last 2 days huh, what a joke

Darren Kho

733 posts

Posted by Darren Kho > 2013-09-23 09:54 | Report Abuse

Someone sapu 800 lots at one time O.O

Darren Kho

733 posts

Posted by Darren Kho > 2013-09-23 09:57 | Report Abuse

I tak sempat nak beli 0.645

topseeker

222 posts

Posted by topseeker > 2013-09-23 13:50 | Report Abuse

salcon still maintaining uptrend. somebody is collecting.. prepare for the next goreng wave. good luck!!^^

0bucks

253 posts

Posted by 0bucks > 2013-09-23 13:58 | Report Abuse

topseeker, what bout the warrant ?

messi

1,915 posts

Posted by messi > 2013-09-23 14:29 | Report Abuse

son should follow mother

WVB 68

163 posts

Posted by WVB 68 > 2013-09-23 14:41 | Report Abuse

Who buy Salcon

Darren Kho

733 posts

Posted by Darren Kho > 2013-09-23 14:42 | Report Abuse

Who knows?

WVB 68

163 posts

Posted by WVB 68 > 2013-09-23 14:43 | Report Abuse

China water company buy Salcon

messi

1,915 posts

Posted by messi > 2013-09-23 14:43 | Report Abuse

goring

TESSA

7,919 posts

Posted by TESSA > 2013-09-23 14:44 | Report Abuse

serious? LOL

Darren Kho

733 posts

Posted by Darren Kho > 2013-09-23 14:44 | Report Abuse

TIME TO FLY!

messi

1,915 posts

Posted by messi > 2013-09-23 14:46 | Report Abuse

China company buy some assets, not entire company

Muarmali

1,186 posts

Posted by Muarmali > 2013-09-23 14:46 | Report Abuse

It will move above 70 sen soon.

WVB 68

163 posts

Posted by WVB 68 > 2013-09-23 14:48 | Report Abuse

China want to get involve property business

messi

1,915 posts

Posted by messi > 2013-09-23 14:49 | Report Abuse

many roadblocks

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