purpleD, WA son is still lagging.. for so long

hello cyber friends, let's stick to vivo comments since this is vivo's thread. i think trend is reversing again this evening.. hai yaa

Bye

Ha ha ha.. Best joke of the nite.. Hi hi hi.. Ali baba was born here.. Good one!

Yes cool as cucumber

I concur..

R u joking.. Ha ha.. U could say that to perisai.. LOL

a falling knife? no, it isn't..

top gain?, most probably not, unless after 5 pm this evening, theedgemarkets.com.my announces confirmation of the hundreds of million contract in Perak for vivocom

dont think it will be top 1 volume tomoro, top 10 yes..

it's obviously v speculative move..

yes, i tend to think the same thing. generally, for speculative counters, price goes down can have either 2 options, continue going down, or it will go up again. in vivo's case, i tend to think it will go up again, the quest only is when, need some good news to bring the price up again. buy when others fear to do so, sell when others r still rejoicing.

oh ok, good julia, all the best

he's testing the train from beijing to tianjin.. 30 min's ride

julia, not sure if 16.5 is a good entry point again at this junction..

i m one of the supporters, dui, but at the current rate of disposal, anyone goes in sure die one, it's a massacre now..

but the quest is, when 30 sen again

now 16, stncws, ur target met..

ho ho, 58044 at 16.5 @ 3.29, so vicious

yes, those who bought using credit facilities..

yea keep throwing at 16.5

well stncws, another 5 sen down, your target is met!!

wb 7.5 sen, tons of paper loss now

no eye c

16.5 sen, so 'vicious'

what really happened.. fu yooh, 12.5 sen let go off at 3.05.. too risky to hold at the moment

Your guess is as good as mine as far as this company is concerned. The only thing that I think is +very is Tabung Haji's backing, ice they have too, unless they themselves r pulling the plug, is dispose off the shares. If that is the case, might as well we also cabut

Good luck.. B4 it was said confirmation was supposed to b by end of sept.. A little bit of delay I supposed..

The Edge's article 24/10/16: LEMBAGA Tabung Haji does not seem to have had much luck in investing in the oil and gas sector. The pilgrim fund is probably among the biggest victims of the beleaguered O&G outfit Perisai Petroleum Teknologi Bhd. Bluntly put, Perisai is just one of Tabung Haji’s many failed investments in the sector, which is experiencing a severe downturn. On Oct 4, Tabung Haji sold 1.75 million Perisai shares, trimming its equity interest to 76.43 million shares or 6.06%. That day, Perisai’s share price traded between 8.5 sen and 10 sen, which means at the higher end, the pilgrim fund would have got a mere RM175,000 from the share sale.

Ironically, prior to the sale of the 1.75 million shares, Tabung Haji’s last transaction in Perisai shares was almost exactly a year ago — on Oct 7, 2015 — when it sold 600,000 shares. The pilgrim fund’s investment loss would not have been as bad if it had sold more shares then.

To recap, Tabung Haji surfaced as a substantial shareholder in Perisai on Dec 23, 2014, after it bought 1.2 million shares, bumping up its holding to 79.88 million shares or 6.7%.

In Perisai’s 2014 annual report, Tabung Haji was not listed among its top 30 shareholders as at April 30 that year, which means Tabung Haji had bought the bulk of the shares after that date.

The average trading price of Perisai between May 1 and Dec 23, 2014, was RM1.24. However, judging by Perisai’s trading volume, it is likely that Tabung Haji started accumulating the company’s shares after Sept 30, which in turn pushed up the average trading price to 83 sen.

At 83 sen, Tabung Haji’s 79.88 million shares (prior to the share sale on Oct 4) would have been valued at about RM66.3 million. However, as at last Thursday’s close of seven sen, the same number of shares in Perisai would have been valued at RM5.59 million, which means the pilgrim fund is probably sitting on a paper loss of RM60.71 million.

It is also worth noting that Perisai was categorised a Practice Note 17 (PN17) company on Oct 12, which would make it harder for the pilgrim fund to sell its shares as not many investors buy into PN17 companies.

A random look at other O&G companies reveals that Tabung Haji is a substantial shareholder in at least seven of them: Alam Maritim Resources Bhd (10.13%), Dayang Enterprise Holdings Bhd (8.89%), Reach Energy Bhd (8%), TH Heavy Engineering Bhd or THHE (29.81%), Uzma Bhd (9.63%), Icon Offshore Bhd (8.43%) and oil and gas and defence player Boustead Heavy Industries Corp Bhd (7.64%).

While announcements on shareholding changes in Alam Maritim Resources are not clear, Tabung Haji surfaced as a substantial shareholder with 5.03% in September 2008. There is no indication how Tabung Haji increased its stake — whether on the open market or through other means.

In September 2008, Alam Maritim had traded at an average of RM1.17, in stark contrast to its current level of less than 30 sen. So while it is difficult to ascertain the losses incurred by Tabung Haji, they are bound to be significant.

While Tabung Haji may claim that the fall in oil prices to below US$30 a barrel this year from more than US$100 a few years ago is what has adversely impacted these stocks, this is not the first time the pilgrim fund has been caught out.

It was not too long ago that it was left holding the baby — then Ramunia Holdings Bhd, now THHE — in an aborted corporate deal.

To recap, in early 2008, shipping giant MISC Bhd sought to inject its oil and gas unit, Malaysia Marine and Heavy Engineering Holdings Bhd, into fabricator Ramunia in a reverse takeover (RTO). But the proposal, valued at

RM3.2 billion, was called off after MISC announced that due diligence findings were “unsatisfactory”.

Tabung Haji had emerged as a substantial shareholder in Ramunia in November 2007, two months before the deal with MISC was announced, and aggressively accumulated shares for a good one year, until December 2008.

When MISC announced the RTO, THHE’s stock shot up, hitting a record high of RM1.91 in February 2008. But when MISC pulled out, Ramunia’s market capitalisation dropped 73% and its share price fell below 35 sen — even lower than its initial public offering price of 50 sen in 2005.

The biggest loser was Tabung Haji, stuck with almost 29.7% of Ramunia’s stock and showing a paper loss of RM175 million.

poor TH, problems with it's investment in O&G counters, refer to the edge article last week..

run to where

yeap, iris & sanichi r being gorenged now.. ha ha; q is when is vivo's time to do so

no la; heavy selling not bcz people panic price 'suddenly' went down, they know abt the adjustment of price, this is more of a goreng stock la, so this kind of volatility sure happens one; some more, price movement is controlled by the cindy cat

what good does it do to keep on harping on the same thing.. many people in this forum have become so tired with this kind of comment. for once, why dont u say something positive

Morning up afternoon prob down or stagnant

Ki ki ki ki

Bravo vivo com qtrly results!!

yes indeed

huh 45 m shares cleared in split second at 3.34

well said tomato

u r free to say whatever u want since that's the purpose of this forum, as long as it's not seditious/against the law

why so apologetic

my english is queen's english, from india

where got 28 sen broken

i m just in at 16

then @kevin, we better believe what the vivocom director said, after all, according to u he already said Q2 results r as strong as Q1's. so who cares about what these bullshitter said about posting a qtrly loss

it's all about holding power, no contra play at the moment, if contra sure die

at 9.43 this morning, u said "not looking good, sell now"; at 2.48 pm, u said "buy more now"; so which one is it? buy or sell

huat ar @huat1

agreed, dont waste time and energy responding to all these -ve comments, stick to +ve and informative comments for the benefits of genuine players