Take it from me.
2 options given :
10 PA get 1 SGB or
1 PA + 54cents get 1 SGB

You convert only if u think underlining share is worth more than 60 cents. What u r seeing now is not what you will be getting 2 weeks down the road. Remember as you walk down the alleys buayas will makan you woh!

Another round of Good luck to all my ng pah sei friends is in order!!I truly salute u guys.
May our beloved buaya spare you from death....

your money your call.
Got some more cash ah?

You fellows no see blood no afraid, nvr check properly somemore.
OK yes PA and W have alway trade at a big discount even now to mother share.
Yes it look like the bargain of the month.
NO I don't think u should convert as this is Buaya teritory.
In an ikan bilis goreng enviroment it don't matter at all. Buaya dictate the price
u pay n hope...not telan by buaya and make some pocket money
I am not saying don't play but don't go counting money when gambling.
Yes Gambling with Buaya.
Buaya ok. Seen buayas before? It don't look like a pussy cat one.
Remember I said Russian Roulette ? Care for another game?

ah Moi Sorry I play according to my plans. Puncak is not my cup of tea. I do trade it once a while but never like it. More into quality stocks rather than cronies stocks...unless can see very good value.
U can try and buy Trc.See if u can buy in large qty?

My take on rohjadi is true. Trying to sell Tc which he likely would have cornered as it is very small, pump in at a premium to milk the Puncat Cow which he own 40%.Cash return is 100% rohjadi's. Nice milking I would say .Epic!
Ok now $200 million likely gone in 1 round
What is round 2, care to guess ? bonus for you for being so generous to ok the deal?
You see why I say any stock with high cash level is a danger sign... like a pig waiting to be slaughtered. Hehehehe......

let me put some coal into the fire.Most export counters have very low profit margin around 10%.
We will see a spike in profit or loss whenever RM USD turns or commodities future turns.
Most electronic export stocks have very low profit margin, high depreciation of capital equipment and volatile business environment.
This necessitates a big discount to stock valuation. A PE of below 10 is a must unless the stock is on a growth path with good USP.

USD dollar is overvalued. It stand strong mainly bcos its the reference benchmark value used by almost all central banks.WE should see USD decline over a longer term as 1MDB issues dissipates and our exporter convert back their USD stash to RM.Of course along the way US Fed will pull a surprise hiccup here and there spiking the USD short term.

When I say "most" it means not all... ok!

cool down..
A lot of investors will go through the proposal.
If QA is blardy good.Even if You sell like no tomorrow it will still go up.
As it is,based on my 20 years of sinkar financial audit valuation experiences.. this QA is... NO GO.
You don't push the share price up. Not practical or possible for the promoters. You give them an (QA) offer they can't refuse!

Lastly Gov of the day would like an ignorant rakyats that can be manipulated easily. I think Education policy have been very successful. A half pass 6 education with minimal teaching and maximum brainwashing is good for the ruling elites to rule forever.
Look at at me cannot string together 10 words properly also can be FA sinkar certified.

They don't need to push share price up. The QA proposal and projection will roughly give an idea how good is the QA.
Go and read their proposal and tell me straight if it is worth 70 cents per Reach share?
If you are not convince how to convince all shareholders to buy the QA?

This coming QA will likely fail unless they revised it.

Than I give u a simple answer
If QA is attractive Reach price will move higher instantly.
QA will then be approved without issues
Everybody happy
If QA is very attractive Share price will double,
Warrant will be >40sens

Bottom line from what have happened so far:
SPAC promoters is not getting good deals but deals they think is good enough to get approved.
Sorry my England is no good I from SRJK bolehland school so don't no what verb or adjective is. Bear with me
Yield investor aka hyenas are there to feast on dying and dead SPAC corpse. They will get to makan either way.

Sona QA is not good even at $25 millions. From the little I gather it cannot make money below USD60 to 70 per barrel. So it should fail. The promoters are greedy hoping to convince their shareholders this is a good deal.
For Reach I don't see the present QA proposal as a good deal, better than Sona QA but with the little info on cashflow and financial statement given it need USD60 to Maybe just breakeven. THis ia also the reason the share price cannot move at all when it was announced.
Let put it this way if proposed QA is not attractive whatever schemes, PR , advertorial and freebies will not sway the votes.
Reach share price will spike up if the QA is attractive. There is no need to shore up the share price. Simple.
Reach w is an attractive option to play here. It was badly affected by the 2 failed SPAC earlier and so is trading at a good discount but beware as this could go to zero if QA is rejected 1 year later.

Super168 read back my earlier post yesterday .Your money your choice

In fact I got a feeling after reading what u said, SGB is a good buy. No bad intention here just saying what I think is obvious

Buaya stomach is fulled from volume this few days. Thank you for the relentless feeding. Your good donation is well appreciated and I assume also comes with no string attached. If you still want to to feed buaya pls line up at the river. Hehehehehe...

sorry guy if don't c indirectly what I am trying to tell u

If you think mother share is worth $1 you convert PA you will make 35 cents in 10 days ...not worthwhile? I am not talking about $1.22 now only $1 Hehehehe....

Good now why don't we see them converting to show how valuable the underlying shares are?
There is no shame in converting and if the share price can hold longer term you will make a ton of money. Easy meat
So this show how much SGB is worth

Let me assure you the Buaya definitely know the on going conversion and volume of new shares coming into the market as they will be monitoring all this. If it is so blardy good idea they would have converted them first before flogging new SGB to the ikan bilis. More profit isn't it? So why didn't they do it?
Like I say if you so inclined to play just be careful. I wish all of you good luck and may Buaya overlook you when he makan besar..Hhehehehe...

This is a goreng stock. How can the w and PA be trading at ridiculous discount to mother share.
Buaya do it intentionally to control price ..up and down as they wish. Going by the movement and volume of the SGB SGBW n SGBPA it looks like SGB is pump up to offload PA n W as they are bought for a few cents cost and now at 10 cent for PA and 30 cents for W. A tidy doubling of profits in a weeks work.
I don't advise converting them at all. Just punt along if you have hair growing on your chest and testosterone overflowing through your nose. Its a good exercise and you could make good money.
Just remember this is Russian roulette ...if and when the music stops banker will laugh all the way to the bank....hehehehe......

Almost all airline are leverage to the hilt. The fact that you can borrow at very low cost to buy those new planes means your cashflow, future revenue stream is good in the eyes of the bankers. Similarly the PP is more for appeasing the financial community to reduce AA books leverage level as well as reflecting major shareholders commitment in AA. If a right issue is called AA will drop like a stone given the negativity recently.
AA have one of better managed hedging policy on oil and debt which makes it less affected by the volatility of oil and forex on its bottom line.
Malindo air parent cpy have very bad track record in Indon market but not highlighted in our Mass media here. Mas is still working out its mess which I think still not viable in the long term. Rayanni well usually religious fellow are blinds by reasoning...so it should do well but than again the blind cannot accept it if halal is only a logo and some ritual. AA only have to cruise along to do well here.

Going by the way they do thing one thing is for sure.
They want a successful QA and also want to make a big bundle by selling the Oil field into the SPAC.
They set the price with little margin of profit for the minority investors hoping it will go through with some paid PR in the mass Media

USD36 is the production cost and concession fees for every barrel of oil produced. There is still borrowing cost to be added later as they ramp up production which is not given by Reach.

I see it this way. If the QA is a very good deal the SPAC share price will definitely move up in respond to the QA announcement.A lot of funds and big timer would have gone over the announced details. Up to now I see Sona QA is just ok with very old field and huge sum needed to realize the potential output.Cliq is wishy washy on QA. As for Reach I don't see solid indications on positive returns even with USD63 oil price in 2014. If the production cost is below USD30 2014 result should be very much higher than the reported figures. I think production cost is likely be around USD40. The QA is not priced attractively to get my vote.The Sponsor should give more definite and clearer profit and better projections of costing for the investors to make a decision. As it is they seems not to keen to stick their neck out to convince the Reach investor.
I like to see why all the SPAC QA is price at only slightly below market price. Are they Skimming the cream before selling to SPAC? I don't know. How can you expect the minority holders and fund manager who have invested to take the chance on the QA compare with immediate gain of 10% on the table risk free.
AND yes I see Chinese nationals owning the present company.Let me put it this way. They are very good in cutting cost to the bones so I don't see much saving can be achieved going foward in slashing cost.
Don't take my comment as the whole truth as I am just an amateur investor trying to make a living.

A stock trading at less than a PE of 3 even the major owners will sapu n relist it again as it have been in listed for about 2 years with supposingly good track records. Smaller fund managers will be buying non stop. This big buaya know what u don't know and let u know what he think u should know.
Putting money in the bank give 3% so why the major owner so stupid and forego 33% returns every year if buy back all shares. Easy as eating kacang putih dgn minyak kacang hangus.
Your call..Hahahaha......

The warrant is definitely cornered. I play for a while and notice this.As the free float now is very low this group of vultures know who is buying or selling and act accordingly. I don't reccomend playing this warrant but if you insist...you still can make by taking advantage of the fact that they hold big stakes...but no liquidity.
Its your money you chart your plan. I am not playing this as its not worth the time and opportunities thats is abounds now with foreign funds entering our market.
My advise is go for better quality companies warrants, do your homework.
I am not implying this is not a good stock.

Be practical. Try not to play counters run by pirates and conmen. Remember once a conman always a conman. I play PJD w last year until his "screw you all schemes" is announced. Luckily I still make a bundle. I switch to others counters like Genting n Airasia. This are run by Leaders of industry with reasonable good corp governance.
The last time in PJ forum I told everybody to run. Those who didn't burnt like hell.
OLH reputation precedes him. One of his running dog was haunting me then so I stay away.
If you still want to buy questionable quality counter make sure the entry price is at a big discount to market price. Just look at Puncak I just do a hit n run on Puncak when it was trading at a huge discount to NTA. To be exact more than 3x book value when I buy.
If you doubt my suggestion just go through my response in the all the older forum and see what I said so far is creditable

Creative accounting my friend. Buy Maggi mee at $5 per pack. Special edition one. Pump in another company with Khaz massaged assets and cashflow for $600 millions. Buy some rubbish oil drilling rigs for $300 millions supported by long term lease to arab etc. All the SC MACC institution is to white wash the elites sins.
don't be too comfortable holding this stock with Buayas in control.
Lots of discount to stock price is the way to go...Run if u don't feel good.

I don't think roh jadi will do anything near term. He is probably having a jolly good time in Khazakstan with his Amno friends there prospecting for oil n women workers. You hold on to your chair eat your biscut if cannot then sell lah HeHeHe
If he want to he will sell down again to squeeze some juice for his foray into Khazakstan. Oh U know girls there are very pretty
.....

You go through what I say before u c the logic behind my position. It is a buy as long as the excessive discount to cash and asset value is there. At $1.80 it still is about half of realizable NTA. Of course we must give a big discount on possible management hanky panky given the huge cah pile!
Even if they curi $500 millions away which could happen NTA per share is still about $3.

sorry bro just a joke its trending up just put on your seatbelt relax switch off screen and have a beer.

Murali
I am one of the fools who bought a lot at 1.11 to 1.17 so sad....
I hope you see the idea here
kong he fatt chai

Hi Angie, it doesn't matter what its call just deduct RM1 before ex price n you get new price.So we can say if no payment given, share price now is RM2.02 It looks cheep now but it is still on downtrend. There is a high possiblilty someone is cornering the market by proxy and of course I don't have to paint the pix on the wall....
Let me give you a fake scenerio
I have collected RM1 bonus bcos I have 1 share long time ago which likely cost me 50 cent then. With that RM1 I use to buy from market extra share which cost also RM1 but with a NTA of RM3 which I control since I am the King.Of course I don't tell you lah! But I continue selling slowly in the beginning until all fools give up. I can take 2 or 3 years to do it if needed as I also have buddies in right places.
THe share is in my mother-in law name...
So like I say if you want to play you must be willing to hold very long and if the king become angry he will likely chop off your head for no reason.
Ok bedtime story over.Sweet dreams.

No need to be too negative about Puncak. Cash pile is 3 times market value. Just wait for it to drop further if the trend is down and slowly collect. I doubt roh jadi have anything up at the moment. He is not Tony Fed so give him a break. He is politically very strong which is a very good thing in Malaisea. All the profitable monopolies are controlled by these people. He have to find lobang to use up the mountain of cash sitting there. Pumping in some illiquid assets is very real at this point. I just hope he hantam only 10% of the cash with the new business or assets and not stuff toxic assets at 50% inflated price thats all.
Be prepare to hold for more than a year as he is so cash rich now he couldn't be bother to do anything fast. Downside risk is limited so go ahead and gamble...you may strike a jackpot here!
I am not holding position in Puncak at the moment...

Babu don't get emotional over remark made here. We are looking at why puncak is not performing. The major shareholder is extremely important in the running of a listed company. Most of them holds 30 to 50% shares but have 100% control of everything. Go figure...
The cpys with good strong founders also outperform parasite caretaker.
The latest one is OSK PJ boss. See what he does to screw the minorities ?
For ikan bilis investor just remember your greatest advantage is you can buy and exit fast. Take full advantage of that FACT!
For the controlling shareholder his greatest advantage is..He get to use your money to make money at no cost. Rojadi don't have to do anything and sit on the cash pile, take 10 million director fees and start thinking of how to use A Billion Cash. Just imagine the scenerio It is HEAVEN on Earth! He can't sell down as he have to report every time he sells. But then he still can sell using his hidden proxy accounts. Hahahaha.....screwed the minorities investor

Usually cash rich companies are ripe to be sodomised. The most important aspect here is the controlling major shareholders reputation. The market priced in a high certainty of this happening. This huge discount to NTA reflect this uncertainty. If the major holders proved they can be trusted with the hoard of cash without them squandering it in overprice investments and accounting hanky panky it will adjust upwards fast.
In Puncak case the share price reflects the major controlling shareholders reputation and integrity. I am not saying don't buy but buy with a big discount to NTA and hope what I say is not true !

Hi Guys. for your info If you think WCT is a good bet and you want to play the warrants go for WCT WD. I wouldn't comment on WCT WC. IF you bought it good luck ( you definitely need luck n hope..) Time is not on your side but knowing the fickle stock market anything is possible.
Sorry I won't go into details as its too tedious. Just search my name on my comments if you want to know a bit more.
Kong hei fatt choi everyone.

kk123 yes you are right in a way. Electronic sub manufacturing is very volatile and low margin business. Same goes for funitures exporter as well. Comintel is ripe for a trading play as USD/RM is very favorable. I don't make money now in the stock market is precisely for the same reason that all this exporters are not worthy of the price. The USD/RM exchange rate is very volatile either way as a lot of bad sentiment and governances issues haven't been resolved. Once our Boss find ways to legitimize his donations and do a few rounds of PR to pacifies malaysians USD/RM could turn rapidly. Boss need time to pusing pusing all the account detail to make it look good.
Anyway Icon8888 I think you give an interesting investing idea here. I guess everybody have an intention in mind when they post something so alway remember to counter check facts before investing. Nothing wrong in highlighting a stock to generate some interest!

Let me give my opinion on trading on this counter. Everyday there will be million in queue on every bid BUT volume traded is always below 10 % of this. Absolute Price is low.
Very likely major holder is trading everyday to arbitrage on the spread of 0.5 cents for every trade. There is no need to push up the share price at all n in fact its good for them to keep it around a certain low level to increase interest. Everyday is harvest day for Sharks my friend!
Of course very low PE is questionable until they proves it with much higher dividends. Show me the money. Happy chrismas everyone!

kawan racist, saya mana cakap melayu cina. Kalau ahbukakaki baik biar dia Africaan saya memang puja dia. Tgk Nelson Mandela banding dgn Buku haram gang. Dua pun Africa.. Tgk DRB hi con punya prestasi 20 tahun dan cakap dgn pakai otak depan bukan dgn ....
Sorry kalau tersinggung pak

my 1 sen worth. Lots of landbank will also be a drag on balance sheet if not well managed. Look at how Mahsing perform with minimal landbank? MKland looks ripe to be piratized BUT with expected soft market Boss will not be so stupid to do it now. He will let the public carry the burden of uncertainity until he sees clear sky ahead to do it.
if boss want to piratises he will keep stock price low for about 1 to 2 years while accumulating in third party accounts.
Then boss will give " attractive offer " 25% above "prevailing market price". Going by whats is allow to happen by SC don't be so bullish u get durian runtoh. Minority shareholders r just minor irritant to be sacrifice for common buaya dinner.
Final thought, very low valuation stock with lots of potential but no strong leadership to achieve greatness.

Well my friend if u r not cronies kaki I definitely don't reccommend play this hi-con stk. Yes it will rise once in a while. Goreng ikan bilis for sacrifice. All u need is to look back 20 years of Drb hicon to get the idea why. Projek berlambak lambak, monopoply license to make money. Still cannot make decent profit.Why?
This is milk cow for ahbukakaki n gang. Oh this remind me, do u know airasia license is from Drb if not mistaken?
I alway advise stk players to stay away from cronies stk even though it should rise given the low valuations. Plenty of low valuation stk in the market with better governace n integrity. Try make profit from medium to small capitalisation stocks which is not on khazanahh or epf list then u likely to do well. I will not debate on why as it could be seditious n I end up in Sg buloh resort...
Kong he fatt choy

Hi My 1 sen thought . For AA the next major growth contributor is very likely to be IAA. It is very near critical mass right now after years of engaging the Indon market. This perpetual bond is a short term fix to the typical accounting needs to appease the indon authorities. The other option of raising capital from its other partner will be bad for AA. You don't raise RM1 billion capital in 3 months without getting screwed by investors! The bond issue is actually pretty good for AA considering the extremely short time frame.Once IAA start to be profitable then go listing and redeem the bonds if so needed.
The other Indon partner is definitely trying to screw AA considering the Indon requirements pushing AA into a corner.
It is all part of doing business in foreign countries. All sorts of funny hurdles will surfaces as AA is not homegrown.
On issues of AA high leverage. Almost all airline is highly leverage like AA without which how to buy one airplane costing RM400 millions?
My take is RM vs USD trend will probably reverse next year as US raise interest rates. A slight slow down of US economy will reverse the speculative funds back to emerging market.Commodities incl oil is not expected to do well next year as the construction boom frenzy in China is over. RM strengthening and low oil price is a double bonus for AA. IAA and PAA losing less will also boost profit for AA.
Look at the big picture. Price now have alrdy factor in low ringgit, IAA capital problems,AA Oil hedges at high price until end of 2015, loss at PAA and IAA. What is the probability AA will make 50 sen per share in 2016? 70% chances ? A PE of 3 ?
Ok good night. Go dream hard about the posibilities. Hahaha...
Pardon me if my english is bad. If u can't understand don't read lah.

e1 yes there is alway a reason why it is so apparently undervalue. Like I say before go back 20 year n see how it perform. All sorts of license to make money is given to DRB hi con but it never make much and will never because it is a milk cow. Same as how amno runs the gov. If u want an even undervalue counter look at bgrop. haahaha..

AA will alway sell older planes as schedule maintainence cost will ballon ones reaching certain treshold. The constant balancing of hedging will reduced the volatility of oil and USD/RM on balance sheet. Sometime big boys sell not bcos of problem in the company but more for cashflow rebalancing. EPF and local fund I rather not comment.Just remember EPF selling or buying don't mean its good or bad time to buy, they also play wayang kulit game to screw you. Hahaha...

Hi jollybee sorry don't come to forum often so no reply. AA will have hedging on oil, currency depending on their future sales and their financial advisors. Over a period of time it mostly even out ( zero sum game ah). AA talk about selling planes bcos they were bought when USD is low so we r seeing consistent rebalancing of hedging to take advantage of mispricing in money and oil markets. Hedging of oil don't mean you cannot sell down your options so in the course of oil downtread they could have sold down of course at a loss to buy back later. Airline industry is highly regulated with a lot of barrier put up by the respective countries to protect their own airline. This is the reason AA never can do well in India and Japan. Bottom line AA is still the best proxy in the field and if you thing the industry will make good profit then buy and wait. Huge loans is part and parcel of the airline industry. This is also the reason AA grow so fast. AA leverage to the hilt with low cost borrowing. For the moment AA seem cheap but beware of Fitch downrating anytime soon and US rate rise in the coming months which could shock the stk market.The sell down should have subside by now as the AAX right issue over. Kong hee fatt choy everyone

This qtr result will not be good. Third or second qtr will probably surprise on the upside if oil price stabilises around USD70. No point estimating how low AA will go. Just wait and see if volumes dries up then can play play.... no buaya then only ikan bilis. Happy hunting!

Slowly buy if you still think AA is still good. Big boys have been selling down AA and Tune Ins from beginning of this year to accumulate cash for AAX rights issue. I notice this when I start buying AA so I sell down when I notice suspicious buy/sell pattern and volume. Luckily still make a bit of kopi money. I did caution to readers earlier here then something is not right and I am running shoe also don't want.Hahaha.... Give it sometime after the AAX right is over hopefully it rebound strongly. Regionally only 2 airline is very well run SIA and AA. MAS let just say it will mirrors the Gov in performance even after this bail out.

well just go with the flow technically chart talk down trending so why fight it let it go until satisfied and result will be out next month anyway. If good slowly buy otherwise run lah if you think smrt business got no hope. For me still buying slowly saving the bulk for wholesale auction sale down the pits hahaha... die die lah

nice, show me how LOW can you go
i am still waiting....

Tomyamkong is right there is a definate sell down by big boys to manipulate the stock. Not recc to buy now. Let the Buayas finish eating and then u guy come feast on the carcass. Yes happy new year!!

Apini hope u engaged your brain before commenting,

"1. Scholarships will only be given to needy students whose parents are earning less than RM3,000 per month. Applicants must have passed SPM with at least 5A.
4. The selection criteria is based on applicant’s financial need and not on academic achievement.
if not based on academic achievement, then why at least 5A?


5A SPM malaysia std is only "OK can do lah" standard in Spore. If not mistaken more than 10,000 student get 5A for SPM. For the poor scoring 5A is very difficult as most of them don't have access to tutors and help. The whole idea is to give Poor good student irrespective of color and religious background a chance to be Educated.
Why do we need to do this is beyond imagination since Malaysia is so rich but Education System discriminates according to color and belief. Don't forget most of the poors are malays and indigenous east Malaysian brothers so if policy give better access to the poor irrespective of color and religion this will actually benefit the poor malay students.