Very clean balance sheet & profit track record, just having very poor dividend record.

hng33 has illustrated very well on how private placement is taking place, market is obviously overdone.

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Posted by hng33 > Mar 8, 2016 08:34 PM | Report Abuse

As mention earlier, the private placement need at least few month time before it can complete.

Firstly, gadang must submit application to bursa within 1 month from yesterday, then, gadang need to wait for bursa approval for listing new share, take another 2 week.

only then, gadang can have board meeting to fixed placement share price based on 5 days average weight volume price after secure approval and can identified taker for 10% placement share,

later new share only can be listing in bursa.

The whole process take at least 2 month time

The market was overdone with the mis-understanding on the announcement. I totally agreed on what benpang said.

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Posted by benpang > Mar 10, 2016 06:30 PM | Report Abuse

I think it was a mistake for Gadang to use 1.88 as an example in their announcement. Some people read without understanding the whole picture. They should have used $5.00 as illustration and the next day its share price will limit up a few times.

hng33, please don't misread, please read carefully on my comment below. Nothing was mentioned to use YESTERDAY price.

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Posted by SuperMan 99 > Mar 8, 2016 06:48 PM | Report Abuse X

There is price setting regime for Private placement, normally the price is set to have 10% discount to prior 5 days average.

If now 5 days average is RM1.90, then the share price for private placement will be lower, that's RM1.71.

See below extracted from the announcement:
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2.2 Basis of determining and justification for the issue price of the Placement Shares

The Placement Shares will be issued based on a discount, if any, of not more than ten percent (10%) to the five (5)-day volume weighted average price (“VWAP”) of Gadang Shares immediately preceding the price-fixing date, to be determined by the Board after obtaining all the relevant approvals for the Proposed Private Placement. In any case, the issue price of the Placement Shares will not be lower than the par value of Gadang Shares of RM1.00 each.

Said is one thing, do is another thing, haha

Haha, Icon, that's why I said what sharktank said here is good, we all know how some people behaved all the time at other places.

Very well say, sharktank.

Hi paperplane, never hear anything about it. Let's see how it goes when the Feb sales report out by MAA.

Hi Icon, I am monitoring BIMB & BIMB-W also. Still awaiting my target timing to enter.

There is price setting regime for Private placement, normally the price is set to have 10% discount to prior 5 days average.

If now 5 days average is RM1.90, then the share price for private placement will be lower, that's RM1.71.

See below extracted from the announcement:
-------------------------------------------------------------
2.2 Basis of determining and justification for the issue price of the Placement Shares

The Placement Shares will be issued based on a discount, if any, of not more than ten percent (10%) to the five (5)-day volume weighted average price (“VWAP”) of Gadang Shares immediately preceding the price-fixing date, to be determined by the Board after obtaining all the relevant approvals for the Proposed Private Placement. In any case, the issue price of the Placement Shares will not be lower than the par value of Gadang Shares of RM1.00 each.

Hi kancs, I bought 1.95 today, which I've queued for about 3 weeks.

I queue at 1.80 & 1.70 also, I don't mind it will go down again in next days, hope I can get more.

That's my style, collect periodically and progressively, safe & conservative, though can't win big but also won't lose pant.

Sometimes I really don't understand, how can we change our mind in just a second just because other people selling?

But it is good also, or else, where got chance to get cheaper?

Some say tomolo will get cheaper, I am fine with it, I am willing to load more then.

When buy, don't buy in one time, buy progressively, who knows there will be panic sale.

When sell, don't sell everything in one go, who knows the price will keep going up again.

I queued again at RM1.86, didn't get it. Revised to 1.88, seem also can't get it now already.

That's how market work, one principle sum it all, Mr Market is unpredictable. It will give you chance to buy or to sell.

Is it a chance to buy now? If you have holding power, think about it. If you don't have holding power, then you may win big or lose big.

I offloaded because the internal & external environments did not look good then, think people would panic & It did.

Hope to have more panic sale now.

Hi kancs, I offloaded all my Gadang Shares when price reached my TP RM2.50. Now I progressively collect Gadang shares when price dropped below RM2.10. The cheaper the better.

I agreed your points, think in business mind.

If a joker said they want money from you to invest, you better think twice.

If a real businessman who is running good business with good track record, asking money to grow big, will you do it? For Tan Sri, I will. That's why I am here.

Ya, Fahmi,, just filled. I queued for more than 3 weeks already.... :)

I will come here only whenever got offer.

Well say, noobnnew

When price goes down, someone will just happily come here to say something idiotic words to try to show they are good.

Got it @ 1.95

Is it applicable to AAX?

This Airasia story is very interesting.

Oil price up = RM up = Cost up = USD debts down ???

Oil price down = RM down = Cost down = USD debts up ???

Correct or Not correct? I am not sure.

Received sms alert saying here got discount sale. Hope to fill my buy queue. Come papa here... :)

Got to sleep liao, good night!

This one more interesting.

Thank you for writing great article, Icon, very well written & it did save a lot of my time.

Ok, Thanks, Icon, will do homework on this later.

Just pass by to see any good opportunity, many offers now in the market... :) , got to work very hard to see which one is better.

Hi Icon, reading your article here... :)

Even it is not so far, it is still another -35% to go. I do not know much about TA, as you know, Icon, but would it be too conservative?

Briefly read KESM's recent QR just now, not bad, instead it was very good result. Just wonder if the market is over reacting or reflecting its true fair value.

Hi Icon, if the support line is what you said at RM2.50, that's not so far.

But there will also some technical rebounds in the way.

Oh, stockmanmy, that's extreme to say KESM making zero, but if half of previous corresponding quarter is already killing.

I do not know much about this company as not yet do any home work. See how it goes then.

But sharp fall in price is either an opportunity or temptation for trip to Holland... :)

Brent oil price just reaches USD40 moment ago, it is good news for Ringgit vs USD, RM will get strengthened then.

Will KESM's financial performance get hit on that front? Not sure but very likely to certain extent. But market has priced it in already.

Long term opportunity? Or Still can wait for another 2 weeks to see how oil price is doing?

Ha, everyone is here, paperplane, Icon & moneySIFU.

This stock is very interesting, someone is selling like tomorrow is the end of the world.

Funny, zombie fish.

I know there were zombie wolves in Z Nation, never know about zombie fish, very creative.

EllenaKhek, even TA can't make any indication until there were buying momentum done for a particular of time period.

All in all, insiders take it all.

There are better choices out there.

Hi Paperplane, I did not participate stock pick 2016 because I don't have enough stocks selection plus I don't like the idea that I can't change my portfolio later on. I did state the same statement in my portfolio details.

Thanks, Viie.

Hi Icon, you really have wide interest, you do not only smell money, you smell gold! ....:)

Wow, that's good news, thanks, buywithconviction, you have very long name...:)

Thank you, JN.

Icon, day is still early, many more to come from Airasia. So far, all are good signs flowing around.

I did not go many stocks, so far only Airasia, Gadang　& CCB.

Plus a little on AAX-W @ RM0.075, sold some today & still hold about half.... :)

Hi JN88, yes, great to see you here... :)

I bought at about 0.80+, then disposed all around RM1.30+. Then switch all to Gadang... :)

Now I am back to Airasia, like what Icon said, I smell where the money is.

Ha, Icon, I am learning from you, I follow the smell of money... :)

Everyone must make own judgement & responsible for his/her own action especially in investing stocks.

If you think what others said are justifiable & suit you, then go ahead & don't blame others if things does not turn out to be in your favour.

If you start blaming people, then you are childish & please go away, here are not for kids.

Well say, Icon.

Please keep your good work & continue share with us your findings, we need different ideas to make better & informed decision.

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Posted by Icon8888 > Mar 4, 2016 10:49 PM | Report Abuse

Can I not answer your question ? If I say no, I looked stupid

If I say yes, people say I cannon behind horse

Paperplane very hard sell this stock.

Value of Gold inventory in hand stands for 3 cents NTA, assuming it can be double over next 12 months period, it will be 6 cents.

Paperplane is assuming share price will go up accordingly, same should apply to Perak Corporation.

Let's see how it goes.

Even though I think my portfolio is doing not bad now, but things can just change over night, who knows?