Correction "....BN politician knows about............"

Based on the statistic provided in the link, the debt increased because the Federal government lend directly to the previously controlled Penang Water company in view of the restructuring of the water assets to defray the Capex needed. So the money from the debt did not go to LGE administration. In fact the cashflow from the water debts was not used by the state to provide direct welfare benefits to the people of Penang. So the writer from the blog is attempting to spin the whole issue out of context. An accurate understanding of various state government accounts and the state and federal government relationship are essential to avoid confusion. Of course BN politician about all this, but will spin knowing that some people will be confused.

Water debts should not be taken in as the National debts do not take in GLCs loans consistent with the constitution of Malaysia.

"But now Penang is already facing a 700mn deficit if this link can be trusted : http://jebatmustdie.wordpress.com/2011/10/27/lim-the-empty-can-guan-eng/"

If you have doubt about such a link please used official statistic to substantiate, this is why Andychuchy28 and others are not amused as it become misinformation as we will all be going to polls to elect the best government.

First of all you must let me know how much Kho Tsu Khoon left net of water debts and this leftover is then used by LGE. Then what u said can be proven."trying to answer" is not proven. If u can't then so be it.

Sorry, the links you place does not convinced me of anything connected to what Gerakan said of their management much better than LGE. Nor does it said about what did Tsu Khoon do with water debts. Any debts are debts untill its settled. So whoever settle takes credit. Understanding state and federal relationship is paramount to what Malaysian political system is all about. The state is dependent in funds from the Federal, if they managed to reduce them its a bonus as Federal is run by crooked people who supported cronies and discriminate opposition run states, eg the petronas royalty cases in the east coast of Peninsula malaysia.

Mitra has been moving south for the last 2 years till todate. No signs of any upwards movement and exciting corporate news so far.

"sometimes I wonder why there are so many stupid idiots who blindly support BN/UMNO/MCA after so incidences or episodes of country mismanagement???"

They are not stupid idiots, they are mainly malays, especially the rural ones, are told and more words being drummed into their minds to be grateful to the UMNO led government and now the same method is being done to the Indians, after so called spending millions on them. They want to keep these people poor and dependent on them and become BN fixed deposits. As to the spending, how much really reached the poor? Obvious isn't it when government spend some people also helped themselves to the ringgit. The coming election slippage will be even bigger. Haven't we heard before after the election MCA branches money men will start to renovate their houses. On the question of gratefulness, TDM, Najib, Rosmah and almost all cabinets members have the same mentality. Furthermore, they went many steps further to warn these poor people that if they do not support BN, the chinese will take advantage of their newly found political power to divert the country resources to themselves. Of course, the poor and less educated don't know that currently states like Selangor and Penang are more efficiently run by PR than former BN parties. Where can it be seen that the chinese elected members have used such political powers to divert resources to themselves or the chinese community in such states? In fact when BN were ruling the states many pieces of land were sold at token prices to enrich BN cronies in Penang and Selangor. That is only land and many other contracts given to cronies at highly marked up price given to cronies are still ongoing. The most prominent one recently is Raja Roopiah and Deepak deal.

"LGE still utilizes state money saved during Koh's and his Gerakan predecessors tenure!"

You got to prove the above as LGE said it was the savings from open tender contracts.

BN racism is rooted deep into the heart and minds of their supporters. Recently, the FAMA event also drummed racism into the kampung malays. So this Tanda Putera is no different. People like MCA and CSL and his goons, just want to continue with receiving crumbs from UMNO plus of course opportunity to tap money from projects if they become Ministers. When CSL said in the next election if they lost more that the party would not want to accept Cabinet post is bullshit. See all this BN non muslims parties are crumbs scavengers. Look at Kho Tsu Khoon as an example, his party was almost wipe out but he still accept a post. Look at CSL speech, all other MCA Ministers and party big shots didn't come out to support him. Why, because without posts all of them are unemployed and they got supporters to look after. The Mah chais will quickly shift allegiance to their political enemies within the parties.

The directors, profiting from the listing day run up collected some shares in the first 2 weeks of listing to stem the price collapsed but failed. Looks like they had let it collapsed till today. Will take some time for them to "goreng" them up together with the syndicate. Its too soon any way to for big rebounce.

Positive buying could be due to the return of investment in a Selangor water company take over offer from the state government. There is a possibility of programme and consistent buying from funds.

Based on my 2 years plus data analysis, last friday closing momentum is the highest since 1.1.2011. Meaning that trading of shares since 20 february 2013 has pushed the accumulation of its shares to the highest level.

Strangly I have calculated the 2 momentum charts William AD and On balance vol. All cumulative figures are moving upwards.

Cannot pass motion blamed on Anwar!!!!!!!!!!!

Perhaps, the run up to 44.5 sen is just too soon, as the last one was on 10th October 2012. Nevertheless, had the turnover reached 700000 lots today it would have risen by at least 6 sen. So up by 2 sen on the proportionate basis is still good bearing in mind the turnover is not high. Moreover, some buyers have bought early a few days before the announcement of the contract may have sold today. So the market have to absorb the weak sellers before it moves further up.

Chleong, can you explain, how you determine that Scomi is at its disposal cycle?

Be patient, Keuro did not move overnight. Take some years to move above RM1. Next step is for the management to build confidence among the funds, as the bankers' confidence with IJM there as the first step.

if total turnover today can hit 700000 lots, then the run will be sustained at least till Jib call for election.

Yes dun forget, IJM has a unit in India.

Cheers everybody!!!!!!!!!!! Now contracts must keep flowing in till June 2013, for rejuvenated Scomi. We shareholders are hungry. Just asked yourself why the 2 datuks come in together with IJM if there are no headwinds about the drilling contract clinched. Meaning that they know that Petronas will award this contract to them. Any monorail contracts overseas will be an additional bonus.

Agreed some old data not much value, but m extracting 2 years plus for analysis. So at the moment Jstocks have the data as Yahoo finance doesn't provide it anymore. Anyway any run up in stocks could dry up soon as Najib will be a caretaker government from 9th march 2013 onwards.

imF_hAU, daily prices are in Jstock, plus chart up to 10 years

Will it dropped to 12.5 sen soon, possible if CI started to drop again within the next 5 trading days.

Dun worry guys with IJM, the Datuks and many others support is there. Only wait for contracts to come in. At the meantime, any fall 25% below 31 sen I will sapu.

Only 27% of overhanging shares mopped by syndicate so far. Tomorrow turnover must be more than today to justify price recovery, if not profit taking and a bigger all time low can be seen in another 20 trading days if syndicate does not support its price further.

hitting the grave this friday

Gamuda is a long term investment. But latest continuous accumulation activity since February 2013 has seen this counter hitting high price. Major resistant will be at RM4.26 and RM5.50.

Guys this stock is a lost cause. High overhanging shares.

All time low and still more sellers. Just wonder how much is the cost to the owners? Barely 1 month dropped by approx 75%, must be a record negative achievement.

Not "mirror" but "going forward"

Actually Pasuk run up from 4 February 2013 is due to heavy disposal of shares. Till 1 March 2013, overhanging shares are increasing unabated. While turnover increased the highest in the last 2 years on 4th Feb, 2012 but closing prices are down since the said date. Substantial share holders are dumping the shares since then.

The potential for scomi is good and can be better if more contracts are clinched. With IJM as an investor and perhaps involved in management, more surprises are in store. Todate accumulation by strong holders of scomi shares are stable since October 2012. The timeline for management to prove that they can improve earnings will be between 3 to 6 months. otherwise dumping of shares will mirror continued if poor management and fundamentals persist.

Penny shares are manipulated.


http://www.kinibiz.com/story/markets/6123/brokers-say-rigging-still-goes-on.html

The 2 tiger slayer latuks will have to start selling soon, if the price kept dropping. There is no value to this company unless their intention are to inject new assets or business into the company but with current hostile environment between the 2 parties nothing is possible.

I believe the net assets, especially transmission equipment costs can be grossly manipulated, when they are import duty exempted. So net asset can have artificial value in the books.

By now everyone knows that TA securities target of 11.5 sen is possible. The psychology of this counter is actually fear as a consequent of Sept 2012 share manipulation. Also, the repeat of the 2012 run is remote as a result of share manipulation in the short and medium term. As for fundamentals of the counter by analysing its results can be premature as it is in TV broadcasting. Everyone knows many have failed in setting up terrestrial TV as it involved high CAPEX when expanding area coverage. Broadly speaking it's problem is similar to that of Greenpacket's tecol coverage CAPEX.

Profit only on interest from FD. Nothing to shout about. MAS management is building optimism about the incoming rights. Now I proposed MAS to launch a new employee option scheme before rights issue to prove that the management is not lying about future prospect.

One of the tiger hunter is being hunted by 60 UK investors who lost 4 mill each. with him always looking behind his shoulders, how can he concentrate on hunting for tigers. Moreover if the authorities are searching or tracing his source of funds vis a vis what he "fruadulently" took from them, I don't think his funds will surfaced to support Tiger.

UMNO/Glc company always surprised shareholders!!!!!!!!!! Thought they make capital distribution recently?

Buying more to average is only if the stock has hidden investment assets where there are potential realizable value. For example vacant land or shares of strong companies etc. Most shares listed in the Ace market are actually penny shares without such potential. When buying such shares you need to have cut off or cut loss target. Waiting for the stocks to surge without any insider info is not smart.

Actually, between 4th to 6th Feb about 80 mill shares were disposed by substantial shareholders between 30 to 23 sen. Thereafter till to date its been bought back slowly at a lower price, methinks the buy back is not over as yet for the price to move up substantially as there are still lots of overhanging shares. Any volume buyback should hit turnover of between 300000 to 700000 lots for price to surge subtantially.

Since taking over Proton, this counter is supressed due to the fact that Proton will be launching 4 to 5 car models within the next 5 years and Capex required for each model around 500 mill, so no dividend for share holders as cashflow from defence contract, property and other business will go to feed Proton plant.

If par value is 10sen, and with further rights issue, likely the price will move towards par level as the market move to bridge any abnormal gains. Bearing in mind that the market is bearish, the possibility is even greater. Great fundamentals of stocks do not mean there are no prices manipulation. As in the case of Amedia, the counter is deemed manipulative. Why? The last runup, based on statistics, is due to third parties and company's management acting in concert to rip profits from unsuspected investors, hence the comment made by Ricky that as a current main board counter they need to build up confidence from the funds before the counter's price can move north.

This stock downturn has no end in sight for the moment. Unless the company start to goreng it will hit 10 sen soon. 15 days of trading lost half of its value. SC should not allow such a listing when it's a syndicate cashout scheme.

Guys, Statistic on KNM from 3.1.2011 till last Friday

Current Closing Price 0.47 22-Feb-13
Highest price 3.28 13-Jan-11
Lowest price 0.440 04-Dec-12
Average price 1.860

Moving A/D Vol Obal Vol
Current 22-Feb-13 (3737998)(4097104)22-Feb-13
Highest 12-Jan-11 275805 406451 04-Mar-11
Lowest 14-Aug-12 (4133221)(4110742)20-Feb-13

Overhanging stocks are high.

I believe this counter will recover if IJM managed the company.

OK roughly, the MD said that the fund managers will not straight away invest in Amedia, though it has been listed in the main board. There is a need to build business confidence among investors. Effectively telling you guys there won't be a run up in the short term as yet for Amedia shares. Remember he just had it good in the last run up in sept 2012. Therefore price recovery is remote.

This counter is not likely to move consistently up as the run up last year has battered many people. Any rebounced is not likely to be sustainable and 1 to 2 sen upward movements are likely to trap small players.

The education industry is in the slumps. Firstly, most colleges are depending on PTPTN as funds for their profits, so it's subject to political decision on whether the government will provide free education and build education institution to cater for the policy. More likely if PR wins, then the freebies may kill most private institutions. Secondly, the courses provided by Masterskill such as nursing suffered huge glut in the market. In future most Medical institutions will also suffer huge glut in the market as many as 3000 doctors are produced each year. Until a clear education financing policy is in placed, the continuous dependency on PTPTN to support private institution profits is not sustainable. At the moment, disproportionate loans are disbursed compare to the amount of repayments received.