slow n steady..continue to ride this uptrend guys...

many new GP bulls here, welcome trendbull, noraini,umno2hangus, bullram..LoL..where's akito, bones, fireball??LoL...

a daily close of abv 0.16 is needed ..to see further buy vols n momentum to retest 0.22..during the sell off when mother share hit lows of below 0.45, wa low was 0.13-135 i.e.no panic sell off to prev lows of 10-11..indicates strong holding power n expectations for the mother share in the coming months...as usual, trade as per ur own risk apppetite..

GPAC WA.. vol ramping up for 0.22 test agn....

sold balance all@ 0.545 n 0.55...bibi jaks..TQ..

Datuk Tony Tiah, head honcho of the TA Group, has upped his stake in TA Enterprise Bhd, bringing him closer to the threshold that would trigger a mandatory takeover of his listed flagship.

His latest round of buying sparks anew talk that a corporate exercise is on the cards for TA Enterprise, whose unlisted stockbroking unit is often cited as a target of the big investment banks in town.

Stock exchange filings on Monday showed that Tiah, a high-flying stockbroker in the 1990s, acquired three million shares in TA Enterprise over three days at 73 sen and 76 sen via the open market, boosting his holdings to 29.73% from 28.46% on Jan 7.

Under Securities Commission regulations, any party whose interest pushes past 33% of a listed firm’s total share base must make a mandatory general offer for the rest of the shares it does not own.

The 66-year-old Tiah has been steadily increasing his stake since the start of the year, when TA Enterprise was trading at 50 sen.

Tiah’s insider buying hasn’t gone unnoticed. TA Enterprise climbed three sen to 77 sen on Monday on unusually heavy trade of 23.05 million shares.

And TA Enterprise wasn’t the only one to stir. Shares of Insas Bhd, which owns independent brokerage M&A Securities, jumped 18%, or 14 sen, to 78.5 sen the same day.

With a hefty 73.04 million shares done, it was Bursa Malaysia’s second most active counter on Monday.

TA Enterprise and Insas were seen as plays on the theme of consolidating brokerages, which might explain the sudden excitement in both stocks, dealers said.

TA Enterprise had earlier this year fended off speculation of merger talks involving TA Securities after an online report linked it to K&N Kenanga Holdings Bhd.

The company refuted this in a June 11 announcement to Bursa Malaysia, saying there was “no truth” in the article, and that it was “not in discussion with Kenanga for the disposal of its stockbroking arm”.

In the year-to-date, it was ranked No. 8 by trading value, with a market share of 6% and 4% in trading volume and value, respectively, ahead of several bank-backed brokerages.

Equity analysts from HwangDBS Vickers Research had speculated that TA Enterprise’s major shareholders could warm up to a cash offer of at least one times price-to-book or RM687mil for its broking and credit and lending business.

Based on calculations by StarBiz, the market value of its broking operations has appreciated markedly to RM343.26mil – which is the difference between TA Enterprise’s market capitalisation of RM1.32bil and its 63.4% interest in TA Global Bhd worth RM976.74mil – from only RM12mil as at end-June.

In the year to Jan 31, TA Enterprise’s broking, investment holding, and credit and lending segments made up 40% of group revenue and 28% of net profit.
STARBIZ

cooking....

old pro is also wary of any hostile takeover, has to increase his family's stake indirectly also...

tony keep accumulating..last @0.76..why??..talk of sale on again..

tony keep buying 0.73 n 0.76 today 3mio...

0.34...alrdy 100% up from 0.17..bravo calvin...

clearing the way to rm2.00....

catcha..also catching fire...on the way to rm1.00...??

on the way to rm1.00..selected penny stks catching fire....

collected wa again on decline to 0.135-145..hoping for 0.21 agn ..to replay..

haha dont play3 guys..weekend news..next monday..blast off coming....

Dear Bullbear, i feel very sad for u, wasting so much time n energy here, stuck here n keep running over n over like a broken record which nobody seem to be paying much attention to. Pls dont waste yur time n energy on this negative activity. Its better to spend ur time on more productive activity, more time with ur family n frds, on ur hobbies etc..take care..sincerely wish u the best..

vol also building up..mebbe hv some good news soon with the new SH Holder..

hope can close abv 0.735 today..provide further impetus for push towards 1.00 TP next week..

TM932, sersol back in play n starting a new upleg??

MBB is still pissed at CIMB for luring away their INvestment bank CEO...

well, hope this 2 big local banks will go head to head with one another to takeover TA.. we just hang on our longs n watch how it pans out..brk 0.80 new wave of buying will rush in...

Alicia has mentioned b4.. they hv receive enquiries n offers.. But will that they will only consider at the "right "price..otherwise they wont bother to even nego..that has been their stand..

u r the one who bot 1 lot?? ...

Christine, i m not a chartist but i like Daryl Guppy's simplicity..the simpliest way to see the supports n resistance is to draw them by connecting 2 or 3 solid bottoms or tops, that way u also get the up trend or downtrend channels ..if any.. cheers..

they also sold their HQ..all part of pro active steps to reduce costs n overheads..

holding strong abv 0.55 close for next upleg...

crony, proxy, ali baba..wotever gets u thru the nite....

matrixcool,twobits, just to discuss..i wud only buy in such a situation..only if the breakout is due to a strong catalyst..i.e such as a takeover eg Focal, privatisation or a new strong Sh Holder like Quek in TTH..Otherwise, i wud nvr buy in the face of a KLCI strong sell off or correction like the prev 1800-1660 correction. only my opinion.tks..

CT, tip..damacai jackpot is now rm24mio hahaha...

lets push this elephant up on board the airplane...

waking up??

wow TM,CT,Inwest congrats guys,u riding jetplanes while i m riding slow motion elephant..hahaha..

hi calvin, mui ind.bhd. or mui prop bhd? tks..

WHAT??SORY AH??TOO NOISY!!!HOW MANY %???..jz joking,, cheers..

pow wow..33 to 60..almost 100% in less than 2 months..kudos KCC..

TM932, hv u looked at Censof? ..

no me too slow.. haha..

CT ..wow..good one..congrats on hovid n Tas..

daily vol of trade is a 2 way buy n sell volume..2 sides to every trade..doesnt mean the stks r out of the system..

ganalingam buddy Dr M..no problemo...

all tangled up in the criss cross cronies web.forensic auditors also blur..LoL..losers r the rakyat,taxpayers..

Mindset problem.to most.Income less Expenses=Savings.simple solution is..Income less Savings=Expenses..

Dr.M want to critise Najib? alrdy got billions$, SP Kencana, Porsche dealership,Kedah MB,etc..

let it stabilise @ 50-55 for a while,,normally, insiders with knowledge of any forthcoming conclusion of the deal i.e IB bankers, advisors, GP/Digi mgtm staff, will move silently first..so as not to be caught with insider trading..however, this will be reflected in the px movement..so just watch the px ..n form ur own conclusions..

still on strong uptrend channel..rn the way to 2.00 n wb 0.80 1st TP

no worries, if klci can maintain steady abv 1805, TA will cont. to test n break thru prev hi n Res @0.735 for TP1.00..monitor it..

WTF??huh??aiyoyo??fuuyooh,no racist posts pls!!, have a great wkend folks..hope KLCI will hammer past 1826 next week..cheers..

double tracking ipoh- padang besar..gemas-JB...

gua pikir mereka pun tau..cakap tak serupa bikin lah....