Many impatient traders because the self request for suspension gave a wrong signal that something solid is going to happen :D. Day in and day out, listed companies have tons of proposals to announce, but only the "very materialized one" asked for suspension. Tgoffs is a "putting the cart in front of the horse".

Its a wrong strategy to request suspension and to re-quote on a Friday, which is normally a lousy trading day where most players do not want to hold shares over the weekend.

I tried to be very open-minded on the potential of TGOFFS before getting hold of the news early last night from bursa. Uncontrollable, my fisrt impression is "what, just a business proposal!", and to layman, this is just pure talk only!! TGOFFS have to have something more solid for price to move up.

Proposal ONLY is already not that "good" for most short term players, what more TGOFFS did not bring in the BIG boys to help out the pushing at market start :(

pypw, you are not alone. If you want to laugh for no reasons, come here to read. Its better than taking pills to release stress :)

I particularly don't like section 3.3 ....., loss the sincerity altogether !

Tomorrow market reaction will depend on players' perception on this proposal.

6. RATIONALE FOR THE PROPOSALS

The Proposed Acquisition will provide an opportunity for the Tanjung Group to capitalise on
regional growth potential in the offshore vessel services industries servicing the oil and gas
industry and to capture new opportunities in these sectors as the primary region of operations of
the Target Acquisition Portfolio are in Malaysia, Indonesia and Asia Pacific.

Further, Tanjung is expected to benefit from FK and Bourbon FE’s experience in the global
OSV/PSV/AHTS/workboat/crew boat/barge marketplace and its reliable cash flows from its
contracts and concessions.

The Proposed Exemption is to facilitate and ensure the successful implementation the Proposed
Acquisition and the Proposed Special Issue.

The Proposed Special Issue is to enable the Company to have immediate working capital upon
the completion of the Proposed Acquisition.

The Proposed Rights Issue will provide an opportunity for the shareholders of Tanjung to increase
their equity participation in Tanjung.

The Proposed Offering is undertaken to raise funds for Tanjung to pare down debts, undertake
capital expenditure investments and to disburse expenses related to the Proposals.

Just read section "6. RATIONALE FOR THE PROPOSALS " in page 8 will give an overall understanding of what the whole proposal is all about.

Fund managers affected by the switching of AAX from syariah to non-syariah should have finished their selling, hope selling pressure will ease from today onward :)

Its too low to sell now and of any use if you do not need the $$$ for the time being. Better approach is to hold on to the book loss and believe in yourself. Every price goes up will come down, and same when its too low, it will bounce up. I believe technical correction is just round the corner. Bear with the current "hiccup". Just my 2 cents worth.

Olympia syndicates needed to support it to close at least at 0.19, otherwise all retail followers will run away from the game plan :(

If not mistaken, looked like big players are collecting at 0.185 :)

0.185 is a resistance line in the chart, needed to break through convincingly to go to the next target of 0.20 and beyond

Hi yapts, thanks for the game plan :), but also needed to follow ones intuition. I believe that if one is not born to be a BIG winner, better settle to win less and do not stretch ones luck to much :)

The giant finally wake up after ZZZzzzz for almost 3 long years :)

Only those with heart of steel can stay on and play :)

In stock market, saying nice things about a stock logically could be a buyer/supporter but could be a seller hoping to push the price higher before selling. Likewise, saying bad about a stock could be the reverse, he/she could just be a buyer just wanted people to lost confidence of that stock and sell to him/her at lower price.

As I see it, any possible changes to the status quo of MAS is good news to the share price :)

It's good to have a mix of comments here, readers just have to act/react based on their judgement and believe. Good to have constructive arguments also. Thanks to all the contributors :)

johnny, this link will give you the answer you want :)
http://www.bursamalaysia.com/market/islamic-markets/education/treatment-of-shariah-non-compliant-securities/

Close at 0.17, chart wise represent market indecisive, so likelihood of going up tomorrow is 50%.

vincent, you could missed the speeeeed boat :)

yapts, thanks :), didn't add any yesterday, still holding the existing lots at a profit, waiting to exit at a better price since big players are goreing it :)

Tony to the rescue ? forget about it ! He got no free time now :)
http://www.thestar.com.my/Business/Business-News/2014/05/28/Caterham-Not-For-Sale-Says-Fernandes

on your mark, get set, NO go yet !!!

dah dah dah dah, ... up we go :)

TKSB, I used to do a lots of fundamental analysis staffs before investing a listed company. But in Bursa, the market is more than just reflecting according to its fundamental values like PE, NTA etc, meaning price at time not co-related to its fundamental values, at time more of speculative play. Besides fundamental analysis, I used charting to show me the current trend and suitable entry/exit prices of a stock. Not easy lah, bullshit a bit, otherwise a billionaire already :)

Net profit/(loss) after tax: turn around from (11.7mil) in 2012 to 10.9mil in 2013 is a powerful and significant growth indicator :) Looking forward for the jump start market's respond tomorrow :)

Closing 0.17, not a good sign :(

I spotted some professional players here... technical term UMA is used :)

ASB took 6 days to run up before small downward correction today :), many players make BIG returns $$$$ :) $$$$

BIG player/syndicate player buying pattern shown (1 lot, 1 lot, 1 lot...) Good sign :)

For the past 3 years, never traded so heavily, besides the good qtr result, something BIG must be in the cooking :), optimistically, could even breaking 0.25.

Just look back on 03/03/2014, price dived down to 0.57, then 06/032014 (3 days later), shoot up to 0.645 :)

Big players play down the price to collect undervalue shares from panic sellers. Once they collected enough shares will goreng up the price to sky high. No reason to sell when the company is O.K and making reasonable profits :-)

Clearing 1st hurdle 0.14, big player arriving ?? :)

TP at least 0.92/0.94 to fill up the gap (based on charting) created on 25/02/14 :)

AAX was opened below IPO price and since then down all the way. If you believed in fungshui, you sure know why (AAX logo is the word AirAsia then a big red "X" over it, that means ... :( .. Japan Airlines failed after they changed their logo to the wording JAL with a "cut" into the letter A, thinking that its a beautiful design. After bankruptcy, they changed their logo back to the almighty Bird and they started to make tons of profits $$$$. Anyone here a good friend of Tony??? :)

yapts, talking about Darling (no doubt its taboo to fall in love with a stock), Olympia was one of the counters I bought when started to try my luck in the market :)

No support ZZzzz

Next TP 0.17

It was a favorite stock of the very active players during the early days of Bursa, many people made tons of $$$, but finally got burnt :(

NTA 0.32, current price well under value

My opinion is that AAX need not be created, AIRASIA can just as well do the long haul jobs. AAX is listed due to greedyness :(

for private company, you can declare bankrupt any time you like, but for listed company especially GLC, not really that easy. You need to follow a string of procedures, but sure very unpleasant :(

IPO was RM1.20+, if you have confidence in Tony, buy now at 0.815/0.82 still have a lots of room to go up to around the IPO price :)

regret that we all experience and sound familiar "aiyoo, sold too early lah" :(
so, steady, don't simply sell when the counter is moving... :)

http://www.nst.com.my/business/todayspaper/mas-stock-plunges-1.601199

The Wall Street Journal (WSJ) reported on April 24 that Prime Minister Datuk Seri Najib Razak, in an interview with the newspaper, said the government could not rule out bankruptcy for the airline. However, a government spokesperson yesterday clarified that the prime minister did not mention bankruptcy specifically.
Instead, Najib’s response to the WSJ question on the possibility of MAS declaring bankruptcy was:
“Well, different modalities have been sug-gested. But we have to look at it from all angles, bearing in mind that MAS is a governmentlinked company. It’s not a private company so there are certain repercussions in what you want to do in terms of how it is being received by the employees and the general public.”

The panic selling yesterday could be over doing, hopefully there will be a reasonable technical re-bounce today :)

Malaysian Airlines will report first-quarter earnings later today ..........

http://www.nst.com.my/business/latest/mas-earnings-to-show-burden-of-mh370-loss-1.597568

hope better than what those analysts expected :)