As directors, reducing shareholding percentage in his own company will make his company at risk of takeover. You think Hasan wants to resign by selling all his shares? He will be stupid to do so. Same for Ananda. The only way to maintain shareholding percentage but not using any extra cash is by converting mother share to rights issue. Also a way to stabilize rights issue subscription.

Only small retail investors who have no experience in Sharemarket and corporate world are puzzled by directors selling armada mother shares. So they shout "fire! Fire! Fire!". Never mind, you sell I buy.

Buy buy buy, many bosses directors have shares, not cash. Raising cash to buy rights issue by selling mother share is very common to preserve shareholding percentage.

Boss sell mother shares to buy cheap rights issue, as simple as that. So buy buy buy.

Buy buy buy. Continue the buying.

Boleh1234, please calm down. You can read my posts this morning.

boleh1234, please read my posts this morning, cheers!

Haha I buy buy buy

That is why retail investors always lose money.

Ah Moi you should give up, they will not listen.

Sell mother shares, buy rights issue. Those who have cash to buy rights issue will win.

Maintaining the total percentage of shareholding is the most accurate thing to do in company shareholding.

No! Hassan is using rm7.6million buying rights issue. Rm7.6 million resulting from selling armada at 2.96. Post exercise Hassan will own 13million Armada shares. As simple as that.

Well, I interpret it the other way, directors are cashing out part of their shares to accumulate cash to buy rights issue. As for Hassan, selling 2500 lots at 2.96 means he will fork out rm7.4million to buy 5600 lots of rights share at 1.35 each. As simple as that. I am buying, you are selling.Good!

Armada bottom is within sight. I am ready to pick up all the rights issue and cheap cheap shares.

1000 units only

Good news is that after gaining some cash of RM40million from retail investors by playing kinstel and perwaja shares, Pheng Chin Guan and Pheng Yin Wah can utilise this RM40million to restart Perwaja steel mills at Kemaman Terengganu. It is not started yet, but will start soon.

Armada bottom is within sight. Time to collect.

Write a comment..2.95 is reasonable entry point for armada.3.00 also fine. With rights issue, you can earn 30% in 3-6months. Very attractive.

Here comes the bottom of Armada.

2000 armada shares, after ex date, you may have 3000 armada shares, of which its price can be anywhere between RM1.60-RM1.98. Armada mother share price can be manipulated by short selling. You will have 1000 OR rights, price of which will be much lower than 1.35. If you don't have cash to buy rights, you will end up selling cheap cheap OR rights to foreign investors punters who are doing short selling now. By buying rights issue with cash, you will earn 30% to cover loss in mother share price after being intentionally pushed down by foreign punters, including EPF itself. If you have exhausted all your cash to average down armada mother shares, you will have no more cash to buy armada rights issue, so you end up selling all your OR to EPF and foreign punters institutional investors punters cheap cheap for them to collect cheap cheap OR, which will be converted to Armada mother shares at much cheaper price. Ultimately, these punters with hugh cash will earn as much as possible at lowest price they can get. Retail investors will lose out in this battle. That is why I already told Ah Moi long time back that Armada shares would not go far beyond 3.40, but Ah Moi was so excited of that sucker rally to suck retail investors' money into buying Armada shares at very expensive price. Lesson to learn is to hold Armada for 12 months, and not to exhaust your cash now. By doing so, foreign punters and EPF will not be able to kill us out of potential future Armada profits.

Rights issue is fixed, but mother share can be manipulated.

Like I said, those foreign funds-punters who only interested in profit will not lend money for Armada. So they short Armada till maximum in view now rights issue price has been fixed. 30% cheaper rights issue mean more rooms for Armada mother share to fall. Foreign punters want maximum profit, so they short sell Armada.

2.90 target.

The lower the better

Penny stock frenzy? This is how it ends badly.

Too late for retail investors to run. Pheng Chin Guan and Pheng Yin Wah have lots of kinstel shares to sell to you.

Expect it to drop to 15 cents.

Pheng Chin Guan and Pheng Yin Wah are selling to you now at 10-13cents. They bought at 16-20 cents. That is why it is crashing down now
If you are generous to donate money to Pheng Chin Guan and Pheng Yin Wah, then you can buy more. Pheng Chin Guan and Pheng Yin Wah have lots of Perwaja shares to sell to you at 16cents.

Pheng Chin Guan and Pheng Yin Wah are selling to you now at 28-26 cents. They bought at 16-20 cents. That is why it is crashing down now

Drop drop drop, retail investors kena conned.

Topping...Massive profit taking... Pheng Chin Guan and Pheng Yin Wah are distributing their shares to you guys. So who wants to donate more money for Pheng Chin Guan and Pheng Yin Wah to restart Perwaja Kemaman steel mills? Please donate some more

Topping...Massive profit taking... Pheng Chin Guan and Pheng Yin Wah are distributing their shares to you guys. So who wants to donate more money for Pheng Chin Guan and Pheng Yin Wah to restart Perwaja Kemaman steel mills? Please donate some more

No more energy. Look lethargic now. Who wants to donate more money to Pheng Chin Guan and Pheng Yin Wah?

Pheng Chin Guan and Pheng Yin Wah needs some money to restart Perwaja. I calculated they have just earned RM40million from trading kinstel and perwaja shares, more than enough to start Perwaja steel mills. That RM40million was donated by all the retail investors to them. Very generous la.

Pheng Chin Guan and Pheng Yin Wah needs some money to restart Perwaja. I calculated they have just earned RM40million from trading kinstel shares, more than enough to start Perwaja steel mills. That RM40million was donated by all the retail investors to them. Very generous la.

Massive profit taking time

Yes, cannot pay rm9million. Pheng Chin Guan and Pheng Yin Wah are supporting it's share price now because last Friday they bought up kinstel shares- related party transaction ma. Plus past 3 months they accumulated rm20-30million kinstel shares, then used rm10million to push up 40%. Now waiting for retail investors to buy at 23 cents to 28 cents. So whoever wants to donate rm10million to Pheng Chin Guan and Pheng Yin Wah please chase up kinstel, they need that to bayar hutang. Play shares to bayar hutang. Normal la

Official warning number 1: creditors are demanding RM8million debt payment due from Perwaja. No money to pay for the moment, bringing it up to court.

锦记钢铁（Kinstel，5060，主板工业股）在7月31日，接获日本氧气私人有限公司（Nippon Oxigen）追討900万令吉赔偿的信函，並要求该公司在21天內支付。

锦记钢铁指出，日本氧气其实是其子公司--柏华嘉控股（Perwaja，5146，主板工业股）旗下的柏华嘉钢铁私人有限公司的债权人，由於柏华嘉钢铁取得公司法令176条文下的限制令，限制所有债权人追討债务。

因此，日本氧气转而向担任柏华嘉钢铁私人有限公司企业担保人的锦记钢铁追討欠债。

该公司已经提出上诉，並將在8月5日过堂，因此，会等待进一步的发展，再向交易所作出公佈。

锦记钢铁也在另一份文告中宣布，柏华嘉钢铁私人有限公司已经获准在公司法令176条文下的限制令期限延长180天，从今年7月25日起，至2015年1月21日。

不过，这项限制令的范围不包括，国家能源（Tenaga），兴业银行，大马渣打银行，科威特金融机构（大马）有限公司，华侨银行（大马）有限公司，国家石油，及大马政府。

锦记钢铁今日大热上涨7仙或43.75%，收在0.23令吉，全天成交量达4958万股，是今日第5大热门股；柏华嘉控股则上涨5仙或37.04%，掛0.185令吉，成交量有619万股

After one week, it will come down back to 16 cents. No change in fundamental. Don't be fooled by this rise. Time for those who got trapped to run.

3.30 resistance confirmed! Time to goes down.

If lucky, Armada may hit 3.50 before fixing price of right issue. That will depend on EPF and the foreign fund who are selling Armada shares right now. However, the higher the share price goes up, the more expensive the rights issue becomes, which is counterproductive and nobody is so stupid to give so much cash for so little rights issue. To make the right issue attractive, Armada share price cannot go up too fast and too much. Otherwise nobody will subscribe for right issue until local banks will have to telan all the right issue.

Actually in the morning session, I was the person who threw Armada and pushed it down to 3.25. I threw 500 lots at 3.28-3.26. I see short term peak at 3.30. At the same time, I wanted to get some cash out to buy right issue instead mother share now, which is 35% more expensive than right issue. At 3.30, Armada mother share has to go up to 4.00 to make right issue same cost as mother share. At the moment, the mother share is likely to be in the range of 3.17-3.40 prior to fixing of right issue price. Therefore, I expect some selling when Armada share going up as more investors selling to get cash for right issue. Some investors will start buying in now to get bonus and right issue share. But they are likely to conserve some cash, so Armada would not go up much.

With so many retail investors kena trapped at 3.60 to 3.80 Armada mother shares, they will have no more cash to buy RI. OR will be sold at hugh bargain. Prepare cash to buy cheap cheap OR from the market later. Armada 2.90 mother share Pre fixing of Armada rights issue price is within sight!

No good news. Price target 12 cents.

Worst nightmare will be, those retail investors thinking of rebound, gets trapped at higher share price, little cash left, and little rights issue. Fund managers get cheapest share price, minimal cash used, maximal rights issue. Armada has no power to push up its own share price for more cash, less rights issue, less new shares because Armada itself is in need of fresh cash. Financial earning of 2 cent per share for recent quarter is the worst performance ever. Don't get trapped.

Fund managers are not so stupid. If they pushed up Armada share price now, they have to fork out more cash for less rights issue. If Armada wants more cash with less new shares, they should have pushed up Armada share price. It happens otherwise.3.20-3.40 are not cheap, cheap is 2.90. Armada has one more leg down. Talking about oversold rebound? Fund managers will be stupid to make rebound for more cash and less rights issue.

Any corporate exercises undertaken by leveraging on the "share price" (underlying value of the business) will be advantageous in increasing shareholders' value provided that the potential increase in the value of the business outweighs the dilution impact of the corporate exercise. However, based on the share price performance of Bumi Armada and the recent financial performance are very disappointing. These facts go against the corporate exercise that is supposed to generate values for shareholders. Obviously the financial performance speaks otherwise.

To get the same amount of money, a company with a higher share price will require to issue less number of shares than another company with a lower share price bearing in mind that all the new issues will dilute existing shares of the company