Volume picking up day by day

For the past few weeks, gpacket lingering around 0.50 to 0.54. Well supported at 0.50. RSI showing oversold and MACD showing sign of sideway while bolinger IS squeezing. Take some time to fly but stable at the current price.

I do agree with the investors which are caution on this share. The contract is too big for a company with no credibility. If the contract is worth billions, the current share price should reflect in it. Most likely the contract won't materialise and down (trade with caution).

Just my 2 cents opinion.

Hi Jeccy, I didn't really read thru the prospectus. However if 13 ICPS for every 1 ordinary share is good even if the company is in bad shape as long as the mother share didn't drop to 6 to 7 cents.

I will go ahead with the purchase but not full but half. Queuing for 7145PR currently at 0.005 cent but the Q is almost 10 billion unit share. Therefore most likely we won't get it. Therefore 1 cent is good even leverage at 13x.

Just my 2 cents opinion, happy earning

AGESON BERHAD

Subject:-

RENOUNCEABLE RIGHTS ISSUE OF UP TO 6,527,407,770 NEW IRREDEEMABLE CONVERTIBLE PREFERENCE SHARES ("ICPS") ON THE BASIS OF 13 ICPS FOR EVERY 1 EXISTING ORDINARY SHARE IN AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD) HELD AS AT 5.00 P.M. ON WEDNESDAY, 19 FEBRUARY 2020 AT AN ISSUE PRICE OF RM0.01 PER ICPS ("RIGHTS ISSUE OF ICPS")

Terry, you can look into investopedia (https://www.investopedia.com/articles/stocks/05/052705.asp)

PSIP:General Meetings: Outcome of Meeting
Stock Code ( Equity ID ) : 7145

Indication: Notice of Meeting
Indication: Outcome of Meeting
Date of Meeting: 31/01/2020
Time of Meeting: 09:00 AM
Venue: Gallery 8 (Level 2), Le Meridien Putrajaya,Lebuh IRC, IOI Resort City,62502 PutrajayaMalaysia

Outcome of Meeting: The Board of Directors of Ageson Berhad ("the Company") wishes to announce that all the resolutions as set out in the Notice of Extraordinary General Meeting ("EGM") dated 16 January 2020, were duly passed by way of poll at the EGM of the Company held on today, 31 January 2020. The results of the poll were duly verified by Symphony Merchant Sdn Bhd, the Independent Scrutineer appointed by the Company. The details of the poll results are set out in the attachment. This announcement is dated 31 January
2020.

Remark: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

OPR cut’s effect on stock market?

Generally a boost for stock market as most companies perform better with lower borrowing costs and increased spending by consumers. The stock market is a leading indicator meaning that its effect will be seen faster than the economy.

Bank Negara MPC cuts OPR by 25bp to 2.75%

KUALA LUMPUR: Bank Negara Malaysia's Monetary Policy Committee (MPC) reduced the Overnight Policy Rate (OPR) by 25 basis points to 2.75%.

The reduction in the OPR surprised economists who expected the MPC to retain the OPR at 3%.

Bank Negara said on Wednesday the ceiling and floor rates of the corridor of the OPR were correspondingly reduced to 3% and 2.50%, respectively.

“For 2020, growth is expected to gradually improve, with continued support from household spending and better export performance.

“The adjustment to the OPR is a pre-emptive measure to secure the improving growth trajectory amid price stability.

“At this current level of the OPR, the MPC considers the stance of monetary policy to be appropriate in sustaining economic growth with price stability, ” it said.

Source: The Star Online

Announcement details

MULTIPLE PROPOSALS AGESON BERHAD (FORMERLY KNOWN AS PRINSIPTEK CORPORATION BERHAD) ("AGESON" OR THE "COMPANY") I. PROPOSED RIGHTS ISSUE; AND II. PROPOSED ACQUISITION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
AGESON BERHAD

Type: Announcement
Subject: MULTIPLE PROPOSALS

I. PROPOSED RIGHTS ISSUE; AND

II. PROPOSED ACQUISITION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the earlier announcements dated 3 September 2019, 29 October 2019, 17 December 2019 and 18 December 2019 in relation to the Proposals.

On behalf of the Board, UOBKH wishes to announce that Bursa Securities had, vide its letter dated 13 January 2020, resolved to approve the following:-

i. admission to the Official List and listing and quotation of:-

(a) up to 6,527,407,770 ICPS to be issued pursuant to the Proposed Rights Issue; and

(b) 750,000,000 ICPS to be issued pursuant to the Proposed Acquisition;

ii. listing and quotation of up to 7,277,407,770 new Ageson Shares to be issued arising from the conversion of the ICPS.

You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

PSIP:General Meetings: Notice of Meeting
Stock Code ( Equity ID ) : 7145

General Meetings: Notice of Meeting
Description: Notice of Extraordinary General Meeting
Date of Meeting: 31/01/2020
Time of Meeting: 09:00 AM
Venue: Gallery 8 (Level 2), Le Meridien Putrajaya,Lebuh IRC, IOI Resort City, 62502 Putrajaya Malaysia
Date of General Meeting Record of Depositors: 23/01/2020

Outcome of Meeting:
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

KUALA LUMPUR (Jan 16): PublicInvest Research said Ageson Bhd is attempting to stage a potential breakout from its consolidation phase.

In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.

“Should resistance level of 11.5 sen be broken, it may continue to lift price higher to subsequent resistance levels of 12.5 sen and 13.5 sen.

“However, failure to hold on to support level of 10 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.

Source: The Edge Markets

PSIP:PSIPTEK - CHANGE OF NAME
Stock Code ( Equity ID ) : 7145

PSIPTEK - CHANGE OF NAME
ILC-29112019-00018
Kindly be advised that the aforesaid Company has changed its name to Ageson Berhad. As such, the Company?s shares will be traded and quoted under the new name with effect from 9.00 a.m., Tuesday, 3 December 2019. The Stock Short Name
will be changed as follows:- Type of Securities Old Stock Short Name New
Stock Short Name Ordinary Shares PSIPTEK AGES However, the Stock Code remains
unchanged.
SVP, ISSUERS
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

PSIP:Additional Listing Announcement /Subdivision of Shares
Stock Code ( Equity ID ) : 7145

Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class of securities? N
Types of corporate proposal : Exercise of Warrants
Details of corporate proposal : Exercise of Warrants
No. of shares issued under this corporate proposal : 1,734,000
Issue price per share ($$) : 0.1000
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 472,843,284
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 75,084,105.810 Listing Date : 06/11/2019 Remarks:
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

PSIP:Additional Listing Announcement /Subdivision of Shares
Stock Code ( Equity ID ) : 7145

Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class of securities? N
Types of corporate proposal : Exercise of Warrants
Details of corporate proposal : Exercise of Warrants
No. of shares issued under this corporate proposal : 18,068,900
Issue price per share ($$) : 0.0100
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 471,109,284
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 74,581,245.810 Listing Date : 01/11/2019 Remarks:
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

PSIP:MULTIPLE PROPOSALS
Stock Code ( Equity ID ) : 7145

MULTIPLE PROPOSALS
PRINSIPTEK CORPORATION BERHAD ("PCB" OR THE "COMPANY")I. PROPOSED RIGHTS ISSUE; II. PROPOSED AMENDMENTS; AND III. PROPOSED ACQUISITION(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

Construction and property development company Prinsiptek Corp Bhd saw almost 7% of its share base change hands through off-market deals on Sept 26 and Oct 1, according to stock market data.

On Sept 26, 10 million shares, or a 2.31% stake, were transacted off market at 12 sen per share. This was followed the sale on Oct 1 of 20 million shares or 4.63% at 11.5 sen apiece.

No announcements have been made by Prinsiptek regarding the transactions. The group is in the midst of raising RM66.7 million through a rights issue of 6.67 billion irredeemable convertible preference shares (ICPS) at one sen per ICPS.

PSIP:Additional Listing Announcement /Subdivision of Shares
Stock Code ( Equity ID ) : 7145

Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class of securities? N
Types of corporate proposal : Exercise of Warrants
Details of corporate proposal : Exercise of Warrants
No. of shares issued under this corporate proposal : 3,199,900
Issue price per share ($$) : 0.1000
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 432,062,484
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 63,257,673.810 Listing Date : 02/10/2019 Remarks:
You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com

In a fundamental truth you won't buy a warrant if the underlying stock of the issuing company is not liquid.However, if you see there is a potential in the underlying stock and predict a bull run, keep it but caution on the expiry date.

Public Investment and Public Mutual are two different entities. Even their research arm to the operations are different, they don't interact with each other. This includes Public Bank.

Crude oil prices will continue to bearish, wait until it's rebound then only buy.

Hehehe, if khatulistiwa don't keep posting messages in here, this chat room will be nothing to read. We should allow the right to express one's opinions without restraint :)

Thanks for the good sharing by nobulshit, tanhy and nafisah.

Hahaha, now is better. Like the old khatulistiwa that we know :)

Hehehe khatulistiwa1234, I thought you're a big fan of L&G. With your last statement, seem like this share no more supporter :)

Hi CheyWee Lim, in this world there is nothing 100% guarantee, even US treasury bill which is 0% default risk. Same goes to dividend declaration. However, for the past few years there are dividends payout by the company. Just merely anticipate using historical data. If no dividend payout in coming year, I will sell my share in this counter too :)

Maybe we give a chance to L&G until next year dividend payout period. Most of the time share price will increase during that period. If didn't increase, no point holding it.

At the same time, technically this counter is oversold and there is room to improve (https://tuckermantimes.com/land-general-berhad-3174-kl-sees-the-tape-move-mid-market/642150/).

Top Ten Ownership (as at 13 Dec 2017):-

1) Mayland Parkview Sdn Bhd 35.14%
2) Lembaga Tabung Haji 4.30%
3) Dimensional Fund Advisors LP 2.64%
4) Dimensional Emer Fund 1.24%
5) Employees Provident Fund 1.05%
6) Liam Ahat Kiat 1.02%
7) FIL Limited 0.82%
8) Fidelity Asian Comp Pool 0.80%
9) Pheim Sicav-Sif 0.67%
10 Emerging Market Equity 0.66%

Source: Bloomberg

Pheim Sicav-Sif 0.67% holding whihe Pheim Unit Trusts Berhad 0.21% holding. Pheaim Sicav-Sif is in top ten holder list. Source: Bloomberg