"Better to remain silent and be thought a fool than to speak out and remove all doubt." - Abraham Lincoln.
The rto has yet to be completed. The change in business structure, projects and such has yet to be announced. You might not want to make your judgement too early.
ANNOUNCEMENT OF A HUGE O& G PROJECT IS EXPECTED SOON EVEN BEFORE THE COMPLETION OF RTO. 1ST TP 1.00 N 2ND TP 1.50. THE SHAREHOLDING IS ONE OF THE SMALLELEST IN THE BOARD ANS PRICE EASILY RAM UP
psd57 abu aufa ....buy n accumulate ijacobs.....immediate tp0.81....hold for 40days.....accumulate...gd luck bro....our groups start acuumulate ijacobs
deal could be good but investors need to know officially. bursamaster may be right about a huge o&g deal ...this though should be hinted at at least by the rto....if not your guess is as good as mine.
No point try to be positive in this stock now. Like mentioned previously, It's overvalued based on the RTO announced. If interested in CMOG, it'll only worth a bit if the price is 37.5sen. Furthermore, CMOG is just a O&G service company mainly in project management, there are no assets. If really, really want to think something might happen or announce, your call to hold.
For now, the selling has nothing to do with the company itself in actual, rather because of the drop in KLCI in general. Those who want profit taking already took long time ago.
Current FBM KLCI status: 1,860.74 (-10.25) (0.55%)
@Josh Ong With all due respect sir/ madam, you have misunderstood yourself. It's very dangerous to advice others when one is misunderstood himself. Please be careful.
First of all, I have never state any "rumor". Things I've mentioned are usually provided/backed by with articles, stats, etc. It's very dangerous to say something if you are unsure of.
Secondly, I'm mentioning about the % drop in KLCI, and have yet to mention any % drop in this counter, please do not put words in my mouth, and thanks for telling us it's 10%. I even put "in general" in my sentence.
Third, according to The Edge Malaysia, the drop today mostly due to the tension between Russia and Ukraine. My judgement is only based on the articles.
Lastly, if you are an investor, by now you should know that other's comment are only meant to be use as a reference, you should always do your homework and not brought solely based on other's opinion.
@BumbleBee - Saw the article your post before and total agree. Unless you are a trader, as an investor you always should consider medium to long term investment. #Keep calm.
All the important details about the RTO already announced, including the price and conversion ratio. The only thing still missing is when this gonna happen, which from the news already mentioned in 7-9 months time. Unless they do a U turn on the announcement, there isn't anything to wait anymore.
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....
tssl74
531 posts
Posted by tssl74 > 2014-08-21 09:31 | Report Abuse
BursaM, ^^ tq.
Are you still adding to your position?