Short sellers day on this counter. At least they can count on the KY jelly. If brave enough & push it harder they might end up with a 25% profit.

down 14% already. Absolute slaughter house !!!

zerocool7199, Des07 -Have to agree with both of you. Nothing spectacular is going to happen until the next quarter report. It it drops another 50% I can see it being a TAKEOVER TARGET for some cash rich invader. Only need to make Abu Hassan a decent offer he cannot refuse & I am sure a general offer will be on the cards. Just sit tight.

It's been awhile. Can only remember 0.05. Have been lucky to have done 2 rounds even after P17. Bought at 0.04 sold at 0.05, again in at 0.03 sold at 0.04. Am not sure about going in again at 0.02. Could be a long wait. You will need volume to make a decent return

As long as news is all good, before any other news (good or bad) from MACC 0.60 is a possibility. TP 0.70. If it hits this it is time to take some profit and wait for the next wave after retracing.

It's been down 10 days in a row. All this hype on Jaks is not going to help. Just follow the KY Jelly wolf dress as a shepherd leading the flock of sheep to slaughter. At least he is not beating the drum lately on !3

D-Day today. Results have to be out today!!!

For it to reach 0.35 there will have to be a tsunami of margin call selling. The next round of big drop will tell us what is happening. Don't think those margin traders can support another round.

IMO Jaks-wr is only good as a speculative trading play, not an investment. If you can get a decent profit take it & leave, don't wait. The risk is high that is why you might get a good return if you are prepared to take the risk.

Like I said earlier if it goes below 0.50 more margin calls. It might also trigger margin calls on others instead of CBB. Force sell !!!

afandi - CBB transfers from one nominee to another nominee, IMHO is because of margin calls on one nominee. The shares were pledged to these nominees to enable him to do margin trading. Obviously he hasn't got the money to top it up & the other nominee has excess shares to enable him to transfer them to the nominee which has a margin call. Overall effect is nil. He still owns the shares.

Now, that the information of who is behind Prestariang is out on I3 platform I don't think SKIN is going to be killed off. Don't think KC Yeow & Mokhzani are BN friendly. The collapse of the share price is mainly due to institutions AIA, KWAP selling. A good time to pick up more with the DJI down 551 points overnight. Just got to hold on before it turns into couple of baggers.

Another round of margin call transfers for CBB?

More margin calls coming up if it goes below 0.50.

Jebard - You need to allow for the o'night US market!!

MyEG Services Bhd and Datasonic Group Bhd are also likely to be favoured by investors under the targeted fuel subsidy proposal as these companies could be involved in the management of the mechanism.

In 2014, Datasonic entered into an agreement to acquire a 30% stake in Fuelsubs House Sdn Bhd, then deemed the front runner for a targeted fuel subsidy scheme management job worth RM10 million. At the time, it was reported that Tan Sri Syed Mokhtar Albukhary’s Pos Malaysia Bhd could form a joint venture with Datasonic and Fuelsubs for the project. However, the deals did not materialise.

https://www.theedgemarkets.com/article/budget-2019-listed-companies-%E2%80%94-winners-and-losers

Don't wait for the herd. Unless you intend of holding for a long time, I suggest you lead the herd instead of following the herd.he following the herd. waiting for the herd

When the sell orders come nobody will be supporting the price. They will all be following KYY the likely first off loader & the biggest seller. This counter is bad news.

Jaks fails again in bid to stop RM50m payout to Star Media.
https://www.theedgemarkets.com/article/jaks-fails-again-bid-stop-rm50m-payout-star-media

Careful, mid 0.70 range is a very likely scenario, before margin calls & more sell orders.

The next quarterly report is due end of this month. Not much going on until days before the release to give an indication of direction.

The original SKIN system is not only a local security system. It has the ability to link into the international database of terrorist. It will easily flag a terrorist that has been marked by other countries. It takes time to be able to co-ordinate with the universal software as well as to learn & manage it. It took Prestariang 2-3 years to prepare for this proposal, as well as to sign up the various agencies agreement to be able to implement this.. Don't think it is going away.

It is more than likely rumors & wishful thinking. It's not "HEARD" , more like "IMO". It is very costly to halt it. To restart again will mean another 2 years of lead time before we see any results. Also in 2 years time with the pace of technology whatever we look at now will be outdated. We need to update our security system which is already outdated.

The way I read this is the govt cannot afford to get into another compensation agreement with Prestariang, especially after an agreed huge compensation to MRCB / George Kent. It's only my opinion, do your own analysis.
https://klse.i3investor.com/blogs/AmInvestResearch/181520.jsp

CyrusQ - You are very bullish on this without any backing up information. TA tells me it will be heading towards mid 0.60 before retracing, but definitely not tomorrow, maybe a week+. FA is very shaky, we only need another announcement from MACC (good or bad) & the price will drop. Just remember there are newbies out there who might just act on your statement & get burn seriously.

Down 0.03 on a 0.01 div. Sounds right, it will settle before taking off again

Are you sure? Today is also ex-div day!

The next quarterly report is due end of this month. Not much going on until days before the release to give an indication of direction.

Do they mean to renegotiate the SKIN project. Will have to wait for an announcement from Prestariang. In the mean time, we have to read between the statement & make our own interpretation before the coy make an announcement.

FLASH: Budget 2019: Government to renegotiate direct or limited tender contracts worth RM19 billion, with a minimum cost-cutting target of 10% or RM1.9 billion.

https://www.theedgemarkets.com/article/budget-2019-government-renegotiate-direct-or-limited-tender-contracts-worth-rm19-bil-minimum

LGE Live
https://www.nst.com.my/2019budget

Short sellers better buy back now at a slight loss. After tomorrow your loss will be even higher.

moneychasing - IMHO wait for the gap up tomorrow, let it run to 1.20+ then sell & wait to buy when it come back to close the gap.
Larrytrader - My reading is SKIN is still alive.

This is going to gap up tomorrow after tonight's budget. Don't run too early.

steveninvest - Old news. We need the Skin news

If on margin call, you might do it, instead of jumping from an office block!

SweetNovember - You should stop making unverified statements. I suggest you ininclude " In my honest opinion (IMHO)" in your statements.

Ekohati is also Abu Hasan in case all of you are not aware.

They cannot afford another round of compensation after the ECR. Skin will have to stay with a slight modification. Even then my personal opinion is it is nearly impossible since it is being funded by Presbhd before the Govt pays up.

So whose facial recognition software is being used in KLIA? Iris's facial recognition is being mention in China.
https://www.thestar.com.my/tech/tech-news/2018/10/27/armed-drones-iris-scanners-chinas-high-tech-security-gadgets/

Iris facial recognition software in Beijing.
https://www.thestar.com.my/tech/tech-news/2018/10/27/armed-drones-iris-scanners-chinas-high-tech-security-gadgets/

If Abu Hasan wants to get out of further margin call the next QR due very soon better be good or he will have to do more cut loss again.

If I am not mistaken AIA is also a nominee for all those margin traders. The big sell by AIA is just a result of force sell for all the traders who are force to sell because of margin call.

khpwwl - CBB transferred shares in his own personal name to an Institution that he use for margin trading. As the share price drop there is a margin call. He either cut loss & sell or top up with more cash or shares to the institution to be held under his name to cover the margin call. At the end of the day it is still his, indirectly through a nominee.

Margin call force sell on Singapore Institution, top up share transfers on Malaysian Institution for margin calls.

0.01 div in a 0.43c shares is a pretty good div for holding until 8/11 which is the X date. So if you want the div you will have to stay on, no running.

somersby - The transferred shares are still his but under a Nominee. The only ones sold are the ones in Singapore.

Like I said earlier the moment hng33 gets in it's bad news!

Transfer not sold - My reading is he is up for margin call, so has to transfer shares in his own name to Nominee coy who is providing the margin facility.

Is this a margin call on Ekohati? Anyone out there familiar with these sort of transfers, please explain.

sniper123. No point asking hng33. On record anything hng33 gets into it is bad news.