poised to break tomorrow more like. glad i spotted this one early.

anyone notice prestar resources. whats going on there? langat 2?

'Have you no shame?' Enraged families of MH370 passengers protest in China
Published time: March 25, 2014 04:37 Get short URL

Hundreds of people have gathered outside the Malaysian embassy in Beijing to protest what they call two weeks of “lies and misleading information” from the Malaysian authorities after flight MH370 disappeared two weeks ago.

http://rt.com/news/malaysia-plane-protest-china-009/

whats up with prestar resources? langat 2 is it?

whats up with prestar resources? langat 2 is it?

whats up with prestar resources? langat 2 is it?

MH370’s Pilots Behaved As They Should in an Emergency, Not as Sinister Killers

New information shows the aircrew was trying to bring the Boeing 777 to safety, not commit mass murder as the Malaysian government implied.

Have the Malaysians finally stopped trashing the pilots?

After 16 days of trying to give their own spin to the few facts available about the pilots of Flight MH370, the authorities in Kuala Lumpur have changed the narrative in a significant way.

First came the statement by officials Sunday that the Boeing 777’s change of course was programmed into its computers after, and not before, the last voice message from the cockpit was received. Now a later development, first reported by CNN, indicates that after the course change the airplane descended to 12,000 feet.

The sourcing of these statements remains obscure, but the fact that they were made public suggests an acknowledgement that the timeline no longer supports the implied complicity of the pilots in some kind of criminal act. On the contrary, a picture is emerging of the pilots not only struggling to save the 777 but going through precisely the steps they should in an emergency….

First, change to a heading that would take them to the nearest available runway in Vietnam and Malaysia able to handle the airplane;

Second, precipitate fall in altitude from the cruise height of 36,000 feet that would be consistent with the pilots responding to the effects of either a loss of cabin pressure or the consequences of smoke or toxic fumes in the cabin—in those circumstances it would be essential to get down to below 10,000 feet. In the case of cabin pressure, it would be done to stabilize the cabin atmosphere and in the case of smoke, it would be urgent to get on the ground as fast as possible.

Let us recall the original picture carefully assembled by a series of statements by the Malaysian authorities:

It began with assertions that the two systems the airplane depended on to maintain its contact with the ground—the transponder that received and transmitted its position and the system called ACARS that sent bursts of data every 30 minutes about its vital functions—had been switched off.

A picture is emerging of the pilots not only struggling to save the 777 but going through precisely the steps they should in an emergency. Suggesting that there was something sinister about disabling the ACARS made no sense. It was not a surveillance device that could betray intrusion or malpractice on the flight deck. Disabling the transponder, on the other hand, would be consistent with deliberately wanting to render the 777 untraceable, but it would not have made it invisible to the radar coverage of the area, civilian and military.

Something more than semantics was involved in the way the Malaysians set up this picture—“switched off” unambiguously implies direct action, “disabled”—another term used—is more of a weasel word that can leave you wondering whether the action was accidental or by design.

Then came stories about the 777 taking a bizarre and erratic course—beginning with a sudden ascent to 45,000 feet and then a rapid descent—no matter that because the 777 was still heavy with fuel it would have struggled to reach even 38,000 feet and that at 45,000 feet, well outside its safe flight envelope, it would have been uncontrollable. All of this was part of planting the idea that such a bizarre trajectory was designed to evade radar—as if the 777 had suddenly gained the agility of a fighter rather than an airliner weighing 330 tons. Even a rapid descent has been painted, absurdly, as a “low and quiet” run under the radar.

Then there were the more personal inferences. The captain, Zaharie Ahmad Shah, was an active supporter of the Malaysian political opposition. True. So you make a convincing political statement on behalf of more liberal causes by disappearing an airplane full of people? Sinister, right? ...

http://www.thedailybeast.com/articles/2014/03/24/mh370-s-pilots-behaved-as-they-should-in-an-emergency-not-as-sinister-killers.html

looks like the move is finally happening.

there is no reason for a UMA. price is finally catching up with fundamentals, after being in the ditch for a decade. nice one!

MH370: Malaysian police drag away relatives as missing flight anger boils
Malaysia Airlines pilot's flight simulator shows a data log was deleted a month before his plane disappeared, authorities say

• Relatives demand information - live updates

Tania Branigan in Beijing
theguardian.com, Wednesday 19 March 2014 18.32 GMT

MH370 relatives
Malaysian police forcibly removed family members who tried to unveil a protest banner. Photograph: Edgar Su/REUTERS

Malaysia Airlines pilot's flight simulator shows a data log was deleted a month before his plane disappeared, authorities say

Relatives of passengers on the missing Malaysia Airlines plane were bundled away from journalists on Wednesday as they protested at the lack of information, underlining their growing frustration and anguish after 11 days of waiting.

Malaysian police forcibly removed the handful of Chinese family members after they tried to unfurl a banner reading, "Give us back our families" just before a briefing by officials in Kuala Lumpur began. Two were carried from the room, still shouting.

"They give different messages every day. Where's the flight now? We can't stand it any more," one woman cried.

Another told reporters: "We don't need the Malaysian government to take care of us. What we need is the truth."

------>more shocking behavior/incompetance from Malaysia - broadcast worldwide

man i was so happy to dump this @ 1.70. holding co. discount. like insas. they should just pay out the rhb shares as a special dividend like timedotcom, instead of money lendending. everyone would have gotten rich.

plenty of other pennies also moving strongly with better/improving fundamentals. wouldn't waste time here personally. all the best and best of luck to those already in.

of course, if i had been paying attention and bought some @ 20 sen for a pure spec play (1 week to 1 month hold). i'd be very happy. this is something i believe very strongly in, especially in Bursa. fundamental or spec, goreng or not, if there is money and an opportunity, why not...

that said, i just couldn't justify diving in, even @ 20... there are other pennies out there... too many actually

Post removed.Why?

yes. as i did highlight. 2012. as in this company has still not got its ass into gear.

note the bold statement int the article ... Extol bids RM100m worth of local projects, ‘VERY PROMISING’ OUTLOOK etc etc

turned out to be a bunch of bull. if they haven't qualified for contracts after all this time PLUS being a bumi company does not bode well, as they have not met bid, quality, pricing or ability requirements. you don't have to be a genius to figure out this sinking ship ain't going to turn around anytime soon.

win more to ecoworld by the looks of things. trop had to sell to pare down debt.

patience

If you call share price dropping from 40sen to 24sen in the last year "reliable"....

--------------------this was back in 2012--------------------

Extol bids RM100m worth of local projects
Monday, 02 April 2012 00:21 Farah Adilla

‘VERY PROMISING’ OUTLOOK: Extol MSC Bhd is bidding for local public and private sector projects contracts worth RM100m. Its president and deputy executive chairman Mohd Badaruddin Masodi (centre) said the information and communications technology security market’s outlook is ‘very promising’ this year. Also present are executive director Mohd Faidzal Ahmad Mahidin and independent non-executive director Ku Mun Fong (pic: Shiddieqiin Zon)

Extol MSC Bhd is bidding for local public and private sector projects contracts worth RM100 million.

Its president and deputy executive chairman Mohd Badaruddin Masodi (picture) said the information and communications technology (ICT) security market’s outlook is "very promising" this year.

“The awareness on the importance of cyber security is increasing. We don’t need to do much marketing about it. Everybody is aware of such security threats nowadays,” he told reporters after the company’s annual general meeting in Kuala Lumpur last Friday.

The company has proposed to undertake a new private placement of up to 11.5 million new ordinary shares of 10 sen each, representing up to 10% of the issued and paid-up share capital in Extol.

On March 9, the company had also proposed a renounceable rights issue of up to 378.9 million new ordinary shares of 10 sen each on the basis of three rights shares for every one Extol share held after the proposed private placement.

“The proposed private placement will enable Extol to raise gross proceeds of up to approximately RM1.8 million to finance the working capital requirements of the company,” Extol said in a filing to Bursa Malaysia.

In addition, Mohd Badaruddin said the amount raised from the proposed private placement was also for the expansion of the company.

He said the company will seek its shareholders approval, in regards of the proposed private placement, in the next extraordinary general meeting in mid-April.

Meanwhile, Extol posted a profit gain of RM509,000 in the fourth-quarter ended Sept 30, 2011, from a net loss of RM139,000 recorded in 2010 on the back of a 26.3% increase in revenue to RM3.2 million from the RM2.6 million.

For the 12 months, Extol posted a net loss of RM631,000 as compared to a net loss of RM1.7 million recorded last year, attributed to higher yielding projects arising from realigned business activities.

However, its revenue in the same period eased 19% to RM8.4 million from the RM10.4 million recorded in the preceding year’s corresponding period.


------This bumi company that is STILL bleeding money? buy at your own risk....

better buy EA Holdings (0154) if you want bumi ICT exposure.

not only are our military sleeping on the job, the local politicians have done a brilliant job splitting the local populace along racial and religious lines leaving malaysia vulnerable and fragile in the event of an attack. how is malaysia going to defend itself? any invader is going to have a field day, especially winning the "hearts and minds" of non-bumis. what a joke.

i personally like hash-it-up-muddin. buffoons. all of them.

Millions spent on radar systems, but air force failed to act in time

In The Edge Financial Daily Today 2014
Written by V Shankar Ganesh, fz.com (contributor to theedgemalaysia.com)
Tuesday, 18 March 2014 10:40

KUALA LUMPUR: Malaysia Airlines’ MH370 flew over or near at least three military radar stations in northern Peninsular Malaysia, yet the four-man crew that operated each station somehow mysteriously missed the radar blips on their screens.

But this is hardly surprising since the Defence Ministry admitted that between 2008 and mid-2011, there were a total of 2,508 Malaysian airspace intrusions by the Singaporean air force.

Perhaps the air force realises this and has since equipped itself with advanced radar systems through the Malaysian Air Defense Ground Environment Sector Operations Center III (MADGE) Programme.

But then the air force failed in doing the very thing they were trained to do — detecting an unidentified plane flying in an erratic manner in our airspace. In fact, the plane flew over Penang and one can only imagine what would have happened if the perpetrators decided to bring it down there.

The Malaysia military took full delivery of one of the advanced Thales Raytheon Systems early last year with an integrated Sentry command and control system and the Ground Master (GM) 400 3D radar. According to Thales, the MADGE system operates in real-time and features multi-radar tracking and a flexible human-machine interface. The GM 400 radar also provides long-range surveillance capabilities for the Royal Malaysian Air Force. Its reach is up to 400km which is more than sufficient to detect the MH370.

It is now clear that the four-man crew in the three air defence stations, who were supposed to be watching the radar screens, either did not notice or failed to report to their superiors that an unidentified plane was flying across the country. Had they done so, the air defence high command of the air force in Kuala Lumpur would presumably have scrambled fighter jets to identify the plane, make contact with it and finally guide it to a safe landing.But then it was allowed to fly on and the rest is history. By the time the air force realised it, it was too late.

Military insiders say such incidents are supposed to be tracked real time and not based on recordings. Hence the millions spent on the radar systems meant nothing to the nation. The Sukhois in Gong Kedak, Terengganu and the FA-18s in Butterworth, Penang were stationed there for years for exactly this type of situation.

We now wonder whether they will ever see any action. So were people sleeping on the job or was lackadaisicalness enveloping the air force?

When Defence Minister Datuk Seri Hisammuddin Hussein was posed this question, all he had to say was that all standard operating procedures were followed and the priority was now to locate the missing plane.

Whether it is a flawed system or our men sleeping on the job, one thing is for sure, this episode exposes Malaysia’s vulnerability.

Quarter Result:
F.Y. Quarter Revenue ('000) Profit before Tax ('000) Profit ('000) Profit Attb. to SH ('000) EPS (Cent) DPS (Cent) NAPS
2014-09-30 2013-12-31 5,241 -826 -826 -826 -0.65 - 0.1276 View Source
2013-09-30 2013-09-30 2,474 -701 -674 -674 -0.53 - 0.1342 View Source
2013-09-30 2013-06-30 2,972 56 63 63 0.05 - 0.1395 View Source
2013-09-30 2013-03-31 5,274 17 7 7 0.01 - 0.1390 View Source
2013-09-30 2012-12-31 2,789 -787 -750 -750 -0.59 - 0.1390 View Source
2012-09-30 2012-09-30 6,073 743 625 625 0.49 - - View Source
2012-09-30 2012-06-30 4,259 436 419 419 0.33 - 0.1400 View Source
2012-09-30 2012-03-31 2,643 -490 -530 -530 -0.46 - 0.1396 View Source
2012-09-30 2011-12-31 2,145 -505 -442 -442 -0.42 - 0.1442 View Source
2011-09-30 2011-09-30 3,231 544 509 509 0.49 - - View Source
2011-09-30 2011-06-30 1,987 72 27 27 0.03 - 0.1436 View Source
2011-09-30 2011-03-31 1,364 -806 -712 -712 -0.68 - 0.1433 View Source
2011-09-30 2010-12-31 1,774 -420 -455 -447 -0.43 - 0.1502 View

this kind of shitty financials??? - definitely someone has been fryin'

5.3 billion shares. LTAT need to mop up much more stock. financial performance poor...

contruction??? i hate construction stocks.

agree. the ultimate catalyst is LTAT. Just like DKSH, DSONIC etc...

thats normal price action...not yet a breakout. anyway, this isn't a great company for long term investment. just some speculation...

support around 1.58-1.65. i might be tempted there. ideally i world like to see some price action like aug 28th last year

some ppl need to go back and read the older comments. i will repost (said this a couple weeks ago) ....

(this is purely a comment on the commodity) - as i mentioned earlier. keep a close eye on coffee futures. the rally in stock price began around the time price of coffee fell below USD280/contract. Right now, we're approaching USD180 region. If prices spike further, then most probably could see a bit more downside. i

more world-class buffoonery as usual.

@ThambiPower Is that idiot a kiddy-fiddler himself? Is that how he knows?

• How can a plane disappear?

Allerton said the main issue appeared to have been the lack of reaction on the ground. "If this had happened in Europe or North America within a few tens of minutes people would have worked out there was something very strange going on, and they would have done something, for example scramble aircraft. If you lose communication with an aircraft, and certainly if you lose its transponder returns, you assume something quite bad has happened. It doesn't seem to me that the Malaysian authorities were very responsive to what was happening in their airspace. When you ask: 'How could this happen?', if the air traffic controllers haven't been monitoring things very closely then it would be seven hours before somebody realised it hadn't got there."

----Someones head needs to roll over this..

Chinese Internet users have increasingly criticised the official news agency Xinhua, state broadcaster CCTV and other outlets for failing to produce the kinds of scoops that non-Chinese media have in the 11 days since MH370's disappearance.

"Judging from this incident, it's still the western media that are the most responsible and reliable at reporting the news," wrote one user of Sina Weibo, a Chinese version of Twitter.

"Meanwhile, Malaysia and China have only exposed their irresponsible bureaucracy, their mistake-riddled news reports, and a state-run press corps that just jumps on the bandwagon and reprints others' articles."

----How damn true and embarrassing.

today, tomorrow & thursday. last days to acquire for 6 sen dividend eligibility.

MH370: the unanswered questions
MH370: Why experts are baffled by the disappearance of the Malaysian Airways flight
The Guardian, Monday 17 March 2014 18.41 GMT

More than a week after the disappearance of Malaysian Airlines flight MH370, an ever-increasing number of questions remain unanswered or partly explained.

• Why did no passengers or cabin crew make mobile calls if they realised the plane was off course?

Experts say calls can be made even at high altitude. "It is theoretically possible," said Dan Warren, senior director of technology at the GSM Association. "It would depend on the spectrum range you're in with your phone. It also depends on the power output of the cell itself.

It would also depend on the landmass and network they were flying over, and the roaming agreement of the various network operators. There's not really a clear cut answer.""

If a plane were to fly over the sea, he added, mobile contact would soon stop: "It wouldn't take very long to lose any kind of phone signal. It would depend on altitude and the direction you were flying in."

Some planes have systems to enable passengers to make calls using a satellite link, but it is not thought to have been fitted in the Boeing 777.

• What role could have been played by reinforced cockpit doors?

Since 9/11 airliners have been fitted with strengthened flight deck doors, intended to prevent intruders from taking control. If whoever took control of the plane barricaded themselves in there would be little others on the plane could do, said Professor David Allerton of the University of Sheffield. "They're designed to be impregnable, so six terrorists can't kick it down. They're steel reinforced, with a solid locking mechanism. The assumption is you'd always have two or three people on the flight deck and they wouldn't all go mad."

The doors are often opened, for example, to pass food to the pilots. Last week photographs emerged of the co-pilot of flight MH370 entertaining teenage tourists in an aircraft cockpit during a previous flight.

• Why do Malaysian officials seemingly think the plane's Acars communications system was deliberately turned off?

It is hard to say. Unlike transponders Acars is optional, according to Inmarsat, the satellite company on whose network it is hosted. "Because Acars is not mandatory for all airliners it's therefore not universally set up in the same way," said David Coiley, Inmsarat's vice-president for aviation. "If it was turned off it might send different messages to the ground, depending on the setup."

The intermittent signals to satellites by which investigators have determined the plane flew on for some hours are part of the core Inmarsat system, on to which Acars is attached. Such signals, known as "heartbeat messages", are a standby mode to check the plane is still logged into the satellite network.

• Could the plane have lost pressure?

There are examples of planes flying for hours before running out of fuel after cabin depressurisation left the flight crew unconscious. In 2005, 121 people died when a Cypriot airliner crashed into a mountain after the crew seemingly ignored or misunderstood warnings about cabin pressure.

A gradual loss of cabin pressure can be hard to notice, said Allerton: "Military pilots are trained to detect hypoxia, but generally civilian pilots aren't. It's a very insidious thing, you might not realise at the time it's happening to you, and by the time you've realised it's too late, as you're dopey."

The fact the plane appeared to deliberately change course, with the transponder and other communications turned off, make this appear unlikely.

• How can a plane disappear?

Allerton said the main issue appeared to have been the lack of reaction on the ground. "If this had happened in Europe or North America within a few tens of minutes people would have worked out there was something very strange going on, and they would have done something, for example scramble aircraft. If you lose communication with an aircraft, and certainly if you lose its transponder returns, you assume something quite bad has happened. It doesn't seem to me that the Malaysian authorities were very responsive to what was happening in their airspace. When you ask: 'How could this happen?', if the air traffic controllers haven't been monitoring things very closely then it would be seven hours before somebody realised it hadn't got there."

What Happened to Flight 370? An Analysis of What Is Known

UPDATE 3/13/14: As expected (see my analysis of ocean currents and drift-time below), the purported debris was a false lead. The revelation that the automated ACARS was still sending data on the Rolls Royce engines is not surprising given what else is known, nor is the Malaysian claim that the data is false. Engine data indicates Malaysian plane flew four hours after disappearing

Now we have the report I have been expecting, via ABC News: "U.S. officials have an 'indication' the missing Malaysia Airlines jetliner may have crashed in the Indian Ocean and is moving the USS Kidd to the area to begin searching." I take this "indication" to mean data collected by U.S. space-based and terrestrial assets has finally been analyzed.

The U.S. is moving the search to the Indian Ocean while Malaysia is denying the engines continued sending data. Which set of officials do you reckon knows more? The U.S. would not be sending the USS Kidd to an area based on rumor or hearsay. I strongly suspect the U.S. has data which it cannot share publicly because the data would reveal the extent of U.S. capabilities...................

Let's start with what is known:

1. The Malaysian authorities have been evasive to the point of misdirection, in other words, they've hidden the facts to serve an undisclosed agenda.
What is the agenda driving their evasion? What is known is that Malaysian security is obviously lax. This fact has caused Malaysian authorities to lose face, i.e. be humiliated on the global stage. Malaysia is an Asian nation, and maintaining face in Asia is of critical importance. We can conclude that one reason the Malaysian authorities are dissembling is to hide their gross incompetence.

It is also suspected that Malaysia is a safe haven for potentially dangerous Islamic groups. (Follow the threads from Pakistan's secret nuclear proliferation program to Malaysia for documentation of this possibility.) The Malaysian government may have an informal quid pro quo along these lines: you are welcome to set up shop as long as you don't cause any trouble here or do anything to cause Malaysia to lose face.

This provides another logical source of Malaysian evasion: if there is indeed a terrorist connection to the loss of the aircraft, this would focus the global spotlight on Malaysian tolerance of potentially dangerous groups.

That the Malaysian military was unable to effectively monitor the aircraft or coordinate with civilian air traffic control (ATC) also suggests incompetence at the most sensitive levels. Revealing this would also cause a loss of face.

Summary: Malaysian authorities have not been truthful or timely in their reporting. The logical conclusion is that they're hiding data to protect national pride and the true state of their abysmal security.

2. Additional information is available but is not being shared with the public. To take one example, the Aircraft Communications Addressing and Reporting System (ACARS) on Flight 370 was functioning and automatically sent data on four critical systems, including the engines. This data has not been released by Malaysian Airlines.

It also appears that the pilot of another 777 airliner heading to Japan contacted the pilot in Flight 370 and reported the transmission was garbled.

Even with the transponder off, the aircraft would appear on primary (military) radar. The Malaysian military tracked Flight 370 but is dissembling. Clearly the authorities are not revealing the full extent of what is known.

...... http://charleshughsmith.blogspot.com/2014/03/what-happened-to-flight-370-analysis-of.html

What Happened to Flight 370? An Analysis of What Is Known

UPDATE 3/13/14: As expected (see my analysis of ocean currents and drift-time below), the purported debris was a false lead. The revelation that the automated ACARS was still sending data on the Rolls Royce engines is not surprising given what else is known, nor is the Malaysian claim that the data is false. Engine data indicates Malaysian plane flew four hours after disappearing

Now we have the report I have been expecting, via ABC News: "U.S. officials have an 'indication' the missing Malaysia Airlines jetliner may have crashed in the Indian Ocean and is moving the USS Kidd to the area to begin searching." I take this "indication" to mean data collected by U.S. space-based and terrestrial assets has finally been analyzed.

The U.S. is moving the search to the Indian Ocean while Malaysia is denying the engines continued sending data. Which set of officials do you reckon knows more? The U.S. would not be sending the USS Kidd to an area based on rumor or hearsay. I strongly suspect the U.S. has data which it cannot share publicly because the data would reveal the extent of U.S. capabilities...................

Let's start with what is known:

1. The Malaysian authorities have been evasive to the point of misdirection, in other words, they've hidden the facts to serve an undisclosed agenda.
What is the agenda driving their evasion? What is known is that Malaysian security is obviously lax. This fact has caused Malaysian authorities to lose face, i.e. be humiliated on the global stage. Malaysia is an Asian nation, and maintaining face in Asia is of critical importance. We can conclude that one reason the Malaysian authorities are dissembling is to hide their gross incompetence.

It is also suspected that Malaysia is a safe haven for potentially dangerous Islamic groups. (Follow the threads from Pakistan's secret nuclear proliferation program to Malaysia for documentation of this possibility.) The Malaysian government may have an informal quid pro quo along these lines: you are welcome to set up shop as long as you don't cause any trouble here or do anything to cause Malaysia to lose face.

This provides another logical source of Malaysian evasion: if there is indeed a terrorist connection to the loss of the aircraft, this would focus the global spotlight on Malaysian tolerance of potentially dangerous groups.

That the Malaysian military was unable to effectively monitor the aircraft or coordinate with civilian air traffic control (ATC) also suggests incompetence at the most sensitive levels. Revealing this would also cause a loss of face.

Summary: Malaysian authorities have not been truthful or timely in their reporting. The logical conclusion is that they're hiding data to protect national pride and the true state of their abysmal security.

2. Additional information is available but is not being shared with the public. To take one example, the Aircraft Communications Addressing and Reporting System (ACARS) on Flight 370 was functioning and automatically sent data on four critical systems, including the engines. This data has not been released by Malaysian Airlines.

It also appears that the pilot of another 777 airliner heading to Japan contacted the pilot in Flight 370 and reported the transmission was garbled.

Even with the transponder off, the aircraft would appear on primary (military) radar. The Malaysian military tracked Flight 370 but is dissembling. Clearly the authorities are not revealing the full extent of what is known.

...... http://charleshughsmith.blogspot.com/2014/03/what-happened-to-flight-370-analysis-of.html

-----Malaysia Airlines search mired in confusion over plane's final path----
Vietnam cuts back efforts to find flight MH370, blaming Malaysia, amid swirl of contradictory statements by officials
-Tania Branigan in Beijing
theguardian.com, Wednesday 12 March 2014 07.05 GMT

Malaysia Airlines flight MH370 search widened as relatives express frustration
The search for the missing Malaysia Airlines flight was descending into confusion and acrimony on Wednesday as Vietnam called off part of its search pending further information from Malaysia.

As families spent a fifth day waiting for news of flight MH370, which vanished on Friday with 239 people on board, disagreements within the international search operation were surfacing and Malaysian officials failed to clarify the aircraft’s last known movements.......

http://www.theguardian.com/world/2014/mar/12/malaysia-airlines-search-mired-in-confusion-over-planes-final-path

----More monkey business from Hash-It-Up-muddin & Co.

Malaysian authorities taken to task by aviation experts for fuelling speculation
Laywer whose firm represented relatives of SilkAir 1997 crash victims says he is suspicious of speculation about MH370
Matthew Weaver
theguardian.com, Tuesday 11 March 2014 18.50 GMT

Malaysian authorities taken to task by aviation experts for fuelling speculation
Malaysia's minister of defence Datuk Seri Hishammuddin Hussein, centre, with civil aviation chief Azharuddin Abdul Rahman, left, and Malaysia Airlines group chief executive Ahmad Jauhari Yahyain, right. Photograph: EyeExpress/Sipa/Rex
Aviation experts have criticised the way Malaysian authorities have fuelled what is likely to be misleading speculation about what caused flight MH370 to go missing.

Steve Marks, a lawyer at the US firm Podhurst Orseck, which represented relatives of victims of a SilkAir crash in Asia in 1997 and the Air France crash in 2009, said he was suspicious of information being released by Malaysia.

On Tuesday Malaysian investigators said they were still looking at a range of theories including hijacking and possible sabotage by a passenger or crew member.

Marks said: "In my opinion terrorism and pilot suicide are very remote and farfetched. It can't be ruled out 100% but it certainly shouldn't be the focus. That kind of speculation without proof is very damaging and hurtful to the families."

Marks thinks the most likely explanation for the plane's disappearance was a sudden technical failure.

"It is not uncommon in plane crashes over water to have a very extended search," he said.

"What is so mysterious here is the complete absence of any information, which to me tends to support a complete catastrophic failure at altitude. If the aircraft had come under control it would have been picked up by some radar, or some radio communication.

"The complete absence of any information suggests there was a big failure and it was very sudden."

A Malaysian military source told Reuters that the Beijing-bound plane changed course and was detected over the Malacca Strait at a lower altitude, several hundred miles from where it lost contact with air traffic control.

Commenting on the report, Marks said: "I want to know the basis for those claims. If they were visible observations they are not going to be reliable, especially at higher altitudes. For them to positively identify that the aircraft came over the Malacca Strait the transponder would have to have been working.

"If there was power to the transponder there would have been power to the radio. In that event why would the pilot not have communicated a problem? There's a lot of questions about that claim."

Marks cautioned that it was difficult for the investigators to be genuinely independent because they needed to rely on the information supplied by the makers of the plane - Boeing.

He said: "The investigators don't have the resources to understand the aircraft well enough to investigate it independently, so they involve the manufacturers, which is a real problem in the process."

David Learmount, operations and safety editor at Flightglobal, said Malaysian investigators should be more transparent.

"The Malaysia authorities are likely to have a lot more information than they are sharing with us," he said. "I think the Malaysia military know a lot more about the position of the aircraft than has come out. But the military don't appear to be in charge of the search. The problem is that the various government agencies are not communicating effectively."

He asked: "If they have military tracking information why are the still looking both sides of the [Malaysia] peninsula?"

He added: "It's impossible to deduce what happened. If a pilot changes the course of an aircraft he usually tells air traffic control straight away."

Writing on his blog, Learmount added: "There are so many information sources that do not appear to have been used effectively in this case. As a result the families of the missing passengers and crew are being kept in the dark, and the search areas now extended to both sides of the peninsula have become so wide that it is clear that tracking information on the aircraft has not been used effectively.

"There is an all-pervasive sense of a chaotic lack of coordination between the Malaysian agencies which has hindered the establishment of an effective search strategy."

Bunch of monkeys! This is definitely worst time to be associated with Malaysia. I can't begin to describe how embarrassed I am.

- 'Total incompetence' -

Analysts said there were burning questions over what information -- if any -- Malaysia has gleaned from both military and civilian radar, and the Boeing 777's transponders, and over discounted reports it was later detected near Indonesia.

"It's bad enough for a wide-body jet to go missing with 239 people on board, but then for the responsible country's government and aviation agencies to handle the associated information with total incompetence is unforgivable," said David Learmount from industry magazine Flightglobal.

"There are so many information sources that do not appear to have been used effectively in this case. As a result the families of the missing passengers and crew are being kept in the dark," said Learmount, Flightglobal's operations and safety editor.

Frustrations boiled over in Malaysia, with the country's active social media and some press outlets turning from sympathy for the families of relatives to anger over the fruitless search.

"The mood among Malaysians now is moving from patience ... to embarrassment and anger over discrepancies about passengers, offloaded baggage and concealed information about its last known position," Malaysian Insider, a leading news portal, said in a commentary.

Twitter users took aim at the web of contradictory information that has fuelled conspiracy theories.

"If the Malaysian military did not see MH370 turn toward the Malacca Strait, then why the search? Who decided to look there and why?" one comment said.

The anger was compounded by a report aired on Australian television of a past cockpit security breach involving the co-pilot of the missing jet.

Malaysia Airlines said it was "shocked" over allegations that First Officer Fariq Abdul Hamid, 27, along with a fellow pilot violated airline rules in 2011 by allowing two young South African women into their cockpit during a flight.

could it be at simple as institutional investors mitigating risks by selling down, as the AUD could drop further by the end of this year, in addition to PN16/17 violating fund mandates?

In section 9. Indeed...

Anyway...according to Jobstreet & Seek the deal is set to only conclude in 4Q 2014. Thats a long time away...

Jobstreet document:
6.3 Earnings and Earnings Per Share (“EPS”)

The Proposed Disposals will not have any impact on the consolidated earnings of the JobStreet Group for the FYE 31 December 2013 as the proposed Disposals are expected to be completed in the second quarter of the financial year ending 31
December 2014.

From Seek:
Expected Settlement Timeline

The expected settlement timeline is subject to both regulatory approvals in Singapore and JobStreet shareholder approvals.

 Settlement is expected in Q4 FY14

CIMB and Goldman Sachs are acting as financial advisors, Baker & McKenzie and SBA Law are acting as legal advisors and PriceWaterhouseCoopers is acting as accounting and tax advisor to SEEK.

Amounts shown in Australian dollars are based on AUD:MYR exchange rate of 2.98

Right. Got it... thanks for the useful info jowong7 & shinado

So where is this dividend seek is to receive going to come from if cash component of the deal is ...

Cash of A$261m
 SEEK Asia co-investors, Newscorp & Tiger Global are collectively contributing $83m
 SEEK Asia intending to access debt funding of A$123m. This debt is non-recourse to SEEK Group.

Follow you on the share dilution due to the acquisition from minorities, so were probably looking at a enlarged share float of around 700m shares once completed....

but I still have not seen anywhere a figure of RM2.40 mentioned anywhere in official statements or documents....

i still don't understand ho you can interpret "existing JobStreet equity of A$113m" as dividend Seek is to receive. makes no sense...

there is also this in small print ....

Based on SEEK owning c19.9% of JobStreet equity after accounting for equity dilution relating to the transaction

There is going to be some serious equity dilution due to this transaction.

-think about it....if there was going to be RM2.40 per share, WHY would anyone be selling out @ 2.40-2.41?

Please refer to http://www.asx.com.au/asxpdf/20140219/pdf/42mtb6gldjv9z5.pdf for the full document

Transaction Consideration & Funding

Total consideration is MYR 1,730 million or A$580m (excluding transaction costs)
 Attractive “blended” valuation based on
o Standalone earnings profile & combined growth opportunities
o Ability to access debt in SEEK Asia to reduce funding task
o Historic cost of SEEK’s investment in JobStreet4

 SEEK’s consideration is A$374m made up of *****existing JobStreet equity of A$113m***** & Cash of A$261m
 SEEK Asia co-investors, Newscorp & Tiger Global are collectively contributing $83m
 SEEK Asia intending to access debt funding of A$123m. This debt is non-recourse to SEEK Group.

So the *CASH* consideration of the deal A$261m +A$83m +A$123m = A$467m
-the rest (A$113m is made up of EXISTING JSB equity)

now this has to be split among the equity dilution due to the transaction....

-am i wrong or am i wrong???

could be heading to 2.20-30 region soon...

oh i and i don't think the payout is going to be 2.40 per share. you might all want to double check you calculations....more like around RM2.00...

this ukraine business has only provided more opportunities to pick up some more before it goes ex.