Hmm....so whats d direction now frens?

Think latest tomoro will hv to clear position first..dive back in when ease..or stay sideline first. Any1 looking at YTL warrants?

LOL....m at physio now!!hehehe....

@a007...got urs? Enuff ler...time to move up d...

yeah..bottom fishing just now..got some so uptrend boleh ubat sakit a bit laa..heh heh..in hospital so got time to monitor lor..or else jangan harap laa..meeting this meeting that!!

anyway, morning trade ok lah..got some luit kopi liao ah..

who laa kacau daun throw at rm0.685-0.68 when price baru go upwards!!let it run ler...

thats d o-oooo for..trap ppl?

buying # at rm0.695 taken out!o-ooo..

wahlaooo..warrants can still play? daughter kindof looks kinky...ppl taking number to get mum at rm0.70 d!!a trap?but selling # just been pulled out..

i think roadblock at rm0.70 can be breached this morning..

GOOOODDD MORNING u'all!!

hmmm...que gap up but seems like roadblock at rm0.70. support isnt in yet but hopefully will be built at rm0.685-0.69. or would history be repeating itself from 2 previous tries? or 3rd time lucky and clean break above rm0.72?

ooo..ok guys..we'll c how it goes tomoro..prob jump in the market tomoro...more of TGOFF? or other counter..Puncak perhaps?

@okok...everything also hv to kuat2 ma....hehehe...it's goyang gerudi maaa....hehehe...

Okok, that one they say is traction...put some weight to pull ur spine at the same time put hot pack on ur back kasi kembang so the disc can slow2 masuk back at its ori position.

TQ JLove..we huat ar kuat2 together2 tomoro. But b mindful of JT's comment...sometimes they play wayang...me also 2 times kene didn't sell when it went above rm0.71. But I think this time gotta do more with the goodies leading to the acquisition.

Once bitten twice shy, will monitor at rm0.72 lvl, if it goes that far tomoro. Buy back when it dips. Also to be careful on closing have support but next day the support all lari or opening got buying support but seller keep throw throw n throw until multilevel buying support hilang!

@maukaya/ @P99..any further industry news of the acquisition?or others, any news that may sustain price uptrend?

congrats all!!hope tomoro another huat ar day..sustain uptrend.

@JLove..no Lah where got like brake disc!..it's the separator for each segment of your bone..making up the backbone structure...slip-disc is when one or more of the separator lari from position as a result of angkat heavy load, or sit too long, stress on ur back etc...damn painful coz it slip out can touch ur nerve chord..that's when u walk like spiderman...everything u do sharp pain! Those who kena b4 pray for others not to kena!

To all..tq again for ur well wishes..yeah hope with steady stream of good news can sustain d uptrend..we'll wait and see..prob will b on mc for 2 weeks..stay at home n monitor d screen!!
The sound of $$$ compensates d pain!!

Any of u kena slip-disc b4?x boleh tahan ooo!llets c afternoon session..mayb will give a better pic of what's d trend in d nexT few days.lets b vigilante, like JTFX said price moves in a zigzag pattern..not a straight line..cheers all!!going off for physio again....

Im crying in happiness and in pain!!!

Short pits tops n profit taking ok....if too long tu yg sakit hati...
Anyway, apart from the I'd of d pp party, the chairman n 1director post is still vac!
A bigger shot than syed Ali (ex-chairman)?coz he is a big shot in umno.

But just b cautious on trading pattern...TGOFF lain mcm skit...

CT..nvrmind can take profit 1st...
Now physio...lucky got line here can commas with u guys!!haha

Not diskette yer...slip-disc

Thanx ALL for ur well wishes. The return of the slip-disk! But a bit less severe than d 1st...but still damn painful lah!kenot suka2 shift here and there! But ur wishes + TG's movement yesterday n today made me feel better!!actualy wanted to update last nite but if so had to get out of my room to the common area.line in room very3 weak.

M in 1 of the specialist ctr in subang. Hope uptrend in price can b sustained!!

@JTFX..I think ure right id of pp party i crucial.think small premium it's ok coz due to mkt conditions.price shud b back to when they set the pp price ie in circa rm0.62 I guess.

@tim_un...$$$ or did u sell urs earlier? For other fellow members..huat ar..fingers crossed hope uptrend continue which I am +ve it will coz 1st hurdle ie pp price has been known (10% off mkt = rm0.57). Is news out for pp party d? Sori coz I can't like monitor now as I'm currently warded in d hospital!!

another no-story weekend for TGOFF?

@c818..i am too..at their play. LOL. isnt rigs n drilling part n parcel? need rigs to drill..too many rigs may hv some idle..but idle ones can be leased out..income diversification right?

adoii...itu mcm ah P99.
ok ler. wait wait n wait ler..

@maukaya..like u said, leasing out rigs is good biz, but only if the deal goes thru and rev would only be realized much later..

are they buying the rigs from Hercules?
@maukaya..prob u can elaborate a bit on jack-up, semi and floating rigs like which r the preferred or which brings in more margin etc. i think TGOFF is looking at the purchase coz their current margin for leased rigs quite low? and prob there is a demand for rigs rather hv them docked. but if the rigs are 40 yr old rigs......ada ker?

new issuance orrrrrr....goreng..hehehe.
u found out the seller? mind to share sikit who?
thanx

@usry..u think so? i dunno man, this counter have its own "mind". dunno chart can use or not..:(

bro P99..itu website TGOFF punyer or the seller's or general rig website? $$ nak pakai memang banyak abt RM1 B. bonds RM500 mil, pp abt RM20 mil, lets say cash abt RM50 mil (from 1/2 cash hldg..might be more)..the balance? any ideas? if shares, banyak shares kena pakai tu! so...

P99..waddyamean? Sudah teropong ker?

@maukaya..tqvm for your info and insight.

so coming from the industry and aware of the scene, you think my hypothesis is way off the mark? abt ekuinas and the gang... :)

i shall stop perusing on that angle then..:)

btw, i found out that TGOFF has a common director with an O&G co. with ongoing drilling in the Americas.

anyway its good to hv someone in the industry onboard. discussions would be more fruitful!

@tim_un...found it..my earlier TP

Posted by Hot.T > Jul 19, 2013 12:27 PM | Report Abuse X

Q to sell to test water..plan is to sell a bit high and buyback a bit lower as per the current trading pattern. current shares holding made up of a base block purchased at the lower range last month and pockets picked along the uptrend. So N, what happened to ur TP 1.50? upward ziz-zag right? my thot is that the not-ur-ordinary-shark's TP is 0.98 but might overshoot to 1.20 as buffer before the corporate deal takes shape.

@tim_un...TP? well,i HAD a working on "my" TP based on my hypothesis..u know buy-sell-buyback..but with this kindof market conditions and global ongoings..sigh. anyway if you're interested its in one of my earlier postings. :)

sorry i think there was a lagged posting. anyway referring to your posting below @maukaya...are u referring to a statement given or are you giving the statement? Are u with TGOFF?? :)

Posted by maukaya > Sep 5, 2013 01:37 PM | Report Abuse

we have been in the business for sometime though as an agent. The difficulty is the marketing of the rig. Most oil companies are looking at the expatriates to manage the rig and you need to have track records which I believe will come from the existing company that the rig was purchased. In rig business, you cannot rely on 1-2 rigs but you need to have more than that. Anyway you need to start from somewhere and this is one way to start. Based on the current utilization rate of the rigs , the business will be good for Tgoff. Let us wait and see how the acquisition goes.

@tim_un...lucky u had that accident!! :)

@maukaya..tq for your views and support. my thots pulak are ICON run by ppl with "soul" coz head honcho is some1 memang from the industry ie he was the main man behind Petromaritime (which did well in the biz!). as for Ekuinas..well..its just another way to milk the cow barring whatever mandate they have!all in all, ekuinas..icon..tgoff..its a political game in a corporate way..or should i say keparat!haha.

OK..ermm..mind sharing more info on the rigs that TGOFF are acquiring?looks like u've gotten some info on that. thanx

i say,sori tim..didnt mean to play-a-fool with ur name. Lotsof ppl hv fancy nics..was just asking..nway,didnt hv time yet to hit the net for some digging.just got back from makan as just came back from office. Will keep u guys updated of any further findings for your further decision-making..

Yeah @sheep, mind to share ur thots on "game over"? Hope its not the same reason from my prelim findings! (IF what i found out is accurate lah!)

relax guys (any gals?)..am doing some research on the RM1.0B M&A for TGOFF. looks like (hypothetical) ive got something. a bit crazy but as far as linking the jigsaw, been slowly getting there.

hang on lemme do my digging and drilling first. but from my initial digging, seems promising but may face some resistance from certain parties in that foreign land..

id say there are similarities with Sumatec's case.. ;)

@maukaya..i could also be 101% wrong on my hypothesis..:)

@tim_un...accidents happen!everybody here hopes that things go well!u'll nvr walk alone!but then again in these economic climate, things can be very challenging!

btw, izzit tim_un or timun?

give it 3-4 weeks and we'll see what happens here. for the time being, am only interested in the 2 development ie. the pp party and outcome of the acquisition.

@maukaya..just a teaser..wouldnt the same cycle happen if TGOFF is a part of Ekuinas and TGOFF's acquisition materializes? ie drilling/floating rig comes with OSVs. hive off the OSVs to ICON and TGOFF would be left with marine services of the acquired biz. ICON expand, TGOFF expand. anything in between goes out the right in the left. its gonna be the same corporate move when TGOFF "sold" their vessels to Ekuinas.

OK..am not trying to sound like broken record and being a promoter for TGOFF.. ;) :)

@chengyee... :). i think u're a cornered long-term trader. but if purely comparing ROI, i'd say daughter would outpace mum.

@maukaya..i totally agree with you on the second part!but like i mentioned, as earlier posted, ICON and TGOFF would not be an item 2-become-1 but would rather be subs of Ekuinas. both different segments of 1 sector ie one provides vessels while the other is marine services but both under O&G. each complement one another...$$ wont be going out of Ekuinas ie right pocket left pocket...the more ICON expand, TGOFF also expand..provided both are under 1 roof. if this "happens",probably u'd wanna reconsider ur 1st sentence. ;)

but again, its hypothetical on my part. :)

@chengyee..sorry to say but i don't think i'd wanna put in my recommendations. sorry. i hv my reasons for not "playing" warrants. but if i did as a mid-term trader, i'd say the factors impacting it would be my breakeven, ROI, current price, tenure to expiry, biz info available, own judgment...i'd buy. again, its not a recommendation of any sort.. ;)

dont mention it. am now still waiting for the deal to be sealed and the respective announcements made..as of now, lying idle. market so-so only..

AA, care to elaborate? tq

my speculative postings earlier..

Posted by Hot.T > Jul 24, 2013 01:40 AM | Report Abuse X

The 70 million shares evenly "sold" to the 5 people by Ekuinas are "friendly" parties with Ekuinas's top man Datuk Rahman. They had one way or the other worked with him during his tenure at Media Prima. They are either from MP or Zul Rafique & Partners (ZR is Zulhasnan's brother). What IF the 10% is to be placed out to Ekuinas? In aggregate, direct/indirect, the holding would be about 30%. IF the move is as such, value would b created for TGOFF as it'll be bro & sis with ICON Offshore (3rd largest OSV fleet). Biz would be left pocket right pocket. ICON is of coz the newco of ex-TGOFF OSV biz + OMNI Petromarine's OSVs. The move would create synergy within the group. Mayb I'm just speculating in putting the bits and pieces of info i found, but it was recently reported that Equinas was sourcing for investments in the O&G sector. The same was reported for Mokhzani's Kencana Capital. Was in either the Star or the Edge. Any comments anyone?