Despite economic gloom, KUB records RM158.6mil in profit after tax.
https://www.freemalaysiatoday.com/category/nation/2021/08/25/despite-economic-gloom-kub-records-rm158-6mil-in-profit-after-tax/

Gamble on the rumour, can't get any worst.

Ismail Sabri’s Cabinet: Umno, Bersatu insiders disclose who’s being nominated for which posts.
https://www.malaymail.com/news/malaysia/2021/08/25/ismails-cabinet-umno-bersatu-insiders-disclose-whos-being-nominated-for-whi/2000190.

AwanBiru Technology sells loss-making O&G training outfit.
https://www.theedgemarkets.com/article/awanbiru-technology-sells-lossmaking-og-training-outfit

Year high 0.775. Long way to go yet if you are looking for 1.00. Maybe after GE15.

It is gone. Definitely a BN PM. Forget about Anwar, all talk can't perform when required.

Good turnover on rumours. Time to hop on some of these BN friendly counters before the next GE.

That announcement from Bursa of the extension until Feb 2022 is rubbish! That is nearly 1 year after the event. They should just instruct them to force sell to fix the non-compliance and then come up with a new offer after rectification of the spread. Are they also in PN's pocket? Smells of corruption. Where is MACC?

Let it go JOH. It's only a matter of time before we get rid of the MOO MOO COW. Just put your concentration on this coy.

"The Company will use the extension of time granted by Bursa Securities to formulate a rectification plan to address the shortfall in its public shareholding spread and to allow sufficient time for FELDA to formulate a firm plan on FGV’s listing status.
FGV will make the necessary announcement in relation to the compliance status of the public shareholding spread requirement."

Announcement dated 16/3/2021

I suppose because it is a GLC, Bursa decides to turn a blind eye.

Isn't Felda suppose to be off loading to bring their % down? So why are they allowed to acquire more shares on the 15/7. They should not be able to do anything until after 3/8 ! So what price are they acquiring these new shares in comparison to the original GO.

Conditional permission given for import, distribution of Covid-19 self-test kits.
https://www.nst.com.my/news/nation/2021/07/708380/conditional-permission-given-import-distribution-covid-19-self-test-kits.
Better forget about the test-kit. It looks like a big hurdle for Mtouche or their suppliers to even get past the MDA approvals. A LONG PROCESS!

Felda to make fresh takeover offer for FGV
https://www.nst.com.my/business/2021/07/706229/felda-make-fresh-takeover-offer-fgv

The dogs have been barking for $2.00 since the GO. Unfortunately Felda is not listening or maybe they are hoping squeeze for more govt injection since an election is close by

Going to throw more good money after bad money. Better off selling it to SM. If you can't get it to make money after all these years, it is because the people running it are not capable. Only interested in looking after their own pocket. With SM it will be different because it will be his own money not back by the government.

Looks like power of UMNO coming back in some form.

Report: Malaysia’s Covid-19 testing needs to be ramped up to ideal 150,000, says Dr Noor Hisham.
https://www.malaymail.com/news/malaysia/2021/06/23/report-malaysias-covid-19-testing-needs-to-be-ramped-up-to-ideal-150000-say/1984284.
Time to ramp up some test-kit sales while it's hot not after the event. Oversea, in Australia a drive in covid test is provided FOC and you get your results SMS to your phone within 3 hrs! If positive they will contact you.

Turnover a bit higher than normal! News coming out?

Is this another classic share issuance under ESOS and PP because they can't make any money by their own means but to skin it of their shareholders?

Joh is too busy worrying about a temporary transparent trustworthy government to handle Covid-19.

Only consolation for all rights applicants is Permaju is like us, carrying a loss but in $mil. They can't sit on that, just wait for their next move.

Permaju acquires 20% stake in MTouche via rights share subscription.
https://www.theedgemarkets.com/article/permaju-acquires-20-stake-%C2%A0mtouche-rights-share-subscription

Permaju Industries Bhd has emerged as a substantial shareholder of MTouche Technology Bhd (MTB) after acquiring 185.05 million rights shares, together with 92.52 million free warrants in the mobile telecommunications group.
https://www.theedgemarkets.com/article/serba-dinamik-kpower-privasia-hextar-global-green-ocean-permaju-mtouche-powerwell-kawan-food

Abnormal turnover!

Tomorrow is the day! You can all line up to sell the rights that cost 0.10.

https://www.theedgemarkets.com/article/klk-said-take-over-ijm-plantations-cash-or-share-swap-deal-both-stocks-suspended.
Need something like that here. Forget about SM, already played his hand and lost.

There is no way any seller is in the profit below 0.08. They are willing to take a slight loss so the rest of us will follow . Don't get conned. As far as I can remember this has never been below 0.09 or 0.009 before consolidation.

0.085 is a good buy. Can't see too much problem from that in the future. If you can't beat them join them and pick up the loose 0.085. It's got to be in the money soon!

Okay, where are all these sellers below 0.09 getting their shares to sell from?

Can get out at cost price by Thursday, 0.10.

Only 2 options.
1. Dump all excess shareholdings as at close of GO over the threshold.
2. No 2nd GO cannot be issued unless the shareholdings was brought back to the required threshold. First GO cannot be extended. It's over!
SM cannot do anything here because the BOD is controlled by FELDA who will not consider any offer from SM. END OF THE SAD STORY.

Sooner or later the good news got to come, if all these plantation counters are doing a killing with their own good news.

Amazing way to skin your shareholders. Take their rights money as well as manipulating the price from 0.63 to 0.18 within 7 days, with who knows more to come in the next week.

Another Oil Palm coy IJM pulling in greater net profit, revenue and increase dividends!
https://www.theedgemarkets.com/article/ijm-plantations-posts-record-profit-and-revenue-fy21-higher-commodity-prices.

Couldn't possibly be that much stocks still available to dump below 0.23 that is not going to make a loss unless it is after 10/6, when the rights are available for trading.

That is a huge turnover for 3 days in a row even for this high volume shares counter.

That was over 1M turnover in 5 mins at 0.26. Afternoon wonder? Surge after lunch?

All these export approvals, potential export this qtr is not going to spike the price. It has already been taken into account in the price. What is going to spike the price is news of physical export being executed.

Even Sarawark Oil Palms registered a 11% increase in net profit.
https://www.theedgemarkets.com/article/sarawak-oil-palms-1q-profit-rises-11-back-higher-revenue. They are all improving except this inefficient companyn, need to change hands.

Date of announcement of final rights subscription results is 2/6/2021. Date of new rights available listing is 10/6/2021. Still got 10 days of trading available.with Vesak & Agong's birthday as public holiday before 10/6.

In the same industry as Sime Darby, IOI but not performing anywhere near what it should be doing.

My average cost used to be 0.08 or today's price 0.80. I can't resist in selling off at 0.60 taking a slight loss rather than losing more without clear indication of where it is heading. If keep on dumping on Monday I will be be back in again.

From memory, I think this is the 3rd time where there is a variation of over 50% from low to high in one day within the last 10 days.

Think all these action is going to go on prior to 10/6 and after. So there is a fair bit of in/out/in chance, if you are brave enough.

Play their game, sell when they pump.Time to buy back in again. That is over 50% profit (today) if you are brave enough to wait for their high.

No point in trying to convince any of us. Most of us have already made up our mind by now; to either ride along and pump more money or jump ship and get some money back while it still possible. Whatever we do, hope there is a pot of GOLD waiting for us.

Take care. What goes up must come down sooner or later.

It still got until 25th May for the rights. Are they going to keep on pumping until 24th May?

If all these buyers think 0.40 is a good price to buy in to make a decent profit, just imagine what the 6x rights will be looking at profit wise. They would be making a killing! Unless it is just a pump to get us to take up the rights.

Why are the buyers chasing the price up by taking out the sellers? It should be the other way round, sellers should be chasing buyers trying to get off before the rights issue. Anybody got any ideas what game they are playing?