http://www.theedgemarkets.com/my/article/tanjung-offshore-eyes-og

KUALA LUMPUR: Now that Tanjung Offshore Bhd ( Financial Dashboard) (fundamental score: 1.95, valuation score: 2.4) and Paris-based Bourbon SA have terminated plans for a reverse takeover (RTO), it is back to the drawing board for the former which is in need of a core business.

Tanjung, which sold off its marine services business in 2012, would have seen the injection of 18 offshore support vessels (OSVs) and five anchor handling tug supply vessels had the RTO gone through. In total, it would have gained controlling interests of 61 vessels.

But with the decline of crude oil prices over the last few months, valuations across the oil and gas (O&G) sector are looking cheaper, allowing the company the chance to cherry pick its target acquisitions, according to group adviser Datuk Harzani Azmi.

“We are still on the lookout for a world-class company that will give us the extra edge over other players,” Harzani told The Edge Financial Daily in an interview.

While the company had previously owned and operated 16 OSVs, Harzani said that it is no longer looking to be a solely Malaysian-based player.

“We are hoping that [any future] acquisition will give us a quantum leap to at least a regional player. That is the direction,” said Harzani.

“We have got the cash and we have cleared out debt. We have zero gearing so we are going into 2015 very strong.”

As at Sept 2014, Tanjung’s cash and bank balances stood at RM35.96 million, compared with RM26.6 million a year ago. Although it has no borrowings per se, short term payables came to RM31.45 million as at Sept 2014.

The company is not eyeing any asset in particular, but when asked if it will stick to what it knows, that is, OSV operations, Harzani said he is open to any quality O&G acquisitions, including exploration assets. It has not set a timeline to make its acquisitions.

In the meantime, while Tanjung sits without a core business, Harzani is confident that its remaining businesses in engineering equipment, equipment maintenance services, drilling and production platform services will be sufficient to tide it over for a while.

“Just on our current position we can ride whatever turmoil the country is facing in the O&G industry,” said Harzani, adding that it has a RM500 million order book which will keep it busy for some two years.

But while Tanjung has pared down its debt and is looking to take advantage of the present low price climate, it could run into similar problems that shelved the Bourbon deal — valuations.

The RTO had been drawn based on a 70.8 sen per share valuation when announced mid-2014, where Tanjung’s share price had been trading just under 60 sen.

But while crude oil prices have more than halved since August last year, so too has its share price which closed at 34 sen yesterday.

“At what price or premium will Bourbon’s shareholders allow them to come in? And it is the same for us, or it might be bad for our minority shareholders. Now because of the market situation, which is nobody’s fault, the price has gone below par for us,” Harzani explained. Unable to cut a fair deal for either party, both sides agreed to mutual termination.

Similarly, as Tanjung ventures forth in the hunt of new assets, who would be willing to sell them quality assets at poor valuations?

http://klse.i3investor.com/blogs/rhb/68739.jsp

Tanjung Offshore may climb further after breaching the MYR0.41 level on the latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.475, followed by MYR0.50. The stock may take a breather if it falls back below the MYR0.41 mark. In this case, further support is anticipated at MYR0.385, where traders can exit upon a breach.

TGOFFS can spike up high several times in single day or several small rally after drop low from previous historical chart.

From 0.445 can up till 0.76 in a single day.. from 0.55 can up till 0.695 in a single day..
0.46 rise up to 0.725 in 4 trading days.

Big players can buy up fast when time is right and with good newsplay.
Recent rebound from 0.29 till today highest 0.455 also very good profit for those who managed to buy low earlier instead of selling.

Tabung haji also increased shareholding % with total 30,739,000 shares.
Recent big purchases maybe from bigshareholders or big players.

Vol keep increasing higher for the past 3 trading days after newsplay of IC establish and TGOFFS current cash with diversify business assets and zero debts.

Today morning trading strong uptrend and +ve resume.
Price increase >10% with total transaction > RM1millions.
Big players buying back TGOFFS shares. Going towards 0.50 soon.

Good newsplay. TGOFF have ZERO debts, good cash & assets in hand.
More financial updates with coming IC findings by end of January.

tuapuikia: I already bought some at 0.35 end of last year.

Vol increased much almost like yesterday with strong buying %. Big players re-enter back.. rebound continues.

Crude Oil futures also rally up http://www.bloomberg.com/markets/commodities/futures/

Existing board directors sure want tgoffs shares price to rebound higher especially after end of IC findings. If Harzani reappointed back or not, IC findings will clear the newplay claim n give latest financial of Tgoffs. Read the recent news of yr end 2014 biz financial summary. If new md appointed also gives more confidence for the bods n shareholders thus also good boost 4price.

Board tussle? Any bigshareholder or any Directors selling shares? Vol transaction increased much higher today with stronger buying. Rebound back to recent high 0.375. U read news or not? Harzani resigned n left MD position vacant since last yr june for rto plan. Since rto cancel need 2 fill b the position and its offered b but pending for IC to chk n clear the overpai claims n get external valuation for the recent newsplay.

IC to chk on news that claim TGOFF overpaid for the new biz assets Gastec & Wavenet via independent valuation & external auditor.

Gastec was acquired by rm34.3 million and Wavenet purchased abt RM37.4million.
Total abt RM 71.7million only and both still under TGOFF subsidiaries biz assets.
Cash in hand RM59million as per 3rd qtr financial report 2014.

Where u get RM100 million being siphon away?

Kena flag means inappropriate comments with intention to spread rumour or fear la...
So fast made own conclusion and give verdicts + sentencing on recent newsplay?


IC to investigate the issues raised on recent news.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1850377

Further to the Company’s announcement on 8 January 2014 and the letter from Bursa Malaysia Berhad dated 12 January 2015, the Company wishes to furnish additional information in relation to the establishment of Independent Committee as stated below.

The Independent Committee shall have the following authority as empowered by the Board of Directors during its recent meeting on 8 January 2015:-

a) The authority to investigate any matter within its terms of reference;

b) The resources which are required to perform its duties;

c) Full, free and unrestricted access to any information, records, properties and personnel of the Company and any other subsidiaries (if applicable);

d) Direct communication channels with the appointed External Auditor in assisting the Independent Committee (if required);

e) Able to obtain professional or other advice (if required); and

f) Able to convene meetings with appointed professionals (if required) excluding the attendance of any Executive Directors.

The duties and responsibilities of the Independent Committee shall be as follows:-

i) To investigate any unauthorized dissemination of Company’s confidential information to the media in the past twelve (12) months and any officer’s breach of fiduciary duty;

ii) To investigate the dissemination of misleading information to the media resulting in negative investor perception of the Company upon publication in the media over the past twelve (12) months;

iii) To review the Bourbon transaction based on minutes of the recent Management Committee meeting dated 26 December 2014;

iv) To review the acquisition of the remaining 49% stake in Gas Generators (M) Sdn Bhd which was completed in October 2013, the acquisition of a property in the United Kingdom in 2014 and the resource trading operations in The Philippines; and

v) To engage professionals to perform independent valuation of the said transactions undertaken by the Company (if necessary).

The Independent Committee shall commence its first meeting on 15 January 2015 and is expected to complete this review by end of January 2015.

Harzani already resigned last year June from TGOFF MD position and become BIO OSMO MD.
http://www.thesundaily.my/news/1087999

Tanjung Offshore Bhd announced the redesignation of Tan Sri Datuk Tan Kean Soon as Non Independent & Non Executive Director from the position of Non-Executive Director, effective June 23, 2014.
http://www.bursamarketplace.com/index.php?ch=ch_content&pg=pg_cont_news&ac=10172

The new MD supposed to be Farid Khan but RTO cancelled so need to appoint back MD position for TGOFF.

Tanjung Offshore Bhd Provides Earnings Guidance for the Year Ending on December 31, 2014
The company's results for 2014, are expected to record profit as compared with the corresponding audited accounts for 2013. The differentiation in the results is mainly attributed to the reduction of the net provisions for bad debts as opposed to the increase recorded in 2013
http://www.bursamarketplace.com/index.php?ch=ch_content&pg=pg_cont_news&ac=17200

06/01/2015 Annoucement.

Tabung Haji acquired TGOFFS 1,452,900 shares.

Date of Notice : 31/12/2014

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 30/12/2014 Acquired 752,900 -
2. 31/12/2014 Acquired 700,000

No of Shares Held After Changes:
Total : 30,739,000 shares
===============================================

Tabung Haji recent avg purchase of TGOFFS share estimated abt 35sen+/- will be around RM508k +/-

Well.. nothing is guaranteed in biz and also stock market future.

=============================================================
Gastec purchased via cash coz its biz generating among the main profit so far, can go chk financial report 2013 & 2012.

Financial Performance
For the FYE 2013, Tanjung registered a total revenue of RM327.79 million and a profit after taxation of approximately RM10.91 million. Total revenue for the year registered an increase of approximately 24.30% as compared to total revenue of RM263.71 million registered in FYE 2012. Net profit after tax of RM10.91 registered in the current financial year as compared to a net
loss after tax of RM11.59 million in FYE 2012, reflects a major turnaround in the Group’s profitability. This is also a result of our business rationalization exercise undertaken since early FYE 2012. Since then, we have ceased operations of non profitable entities and business divisions within the Group and undertaken a review of strategic business directions in search of new growth.

Engineering Equipment Services
In FYE 2013, TGOFFS acquired the remaining shares in Gas Generators (M) Sdn Bhd to become a wholly owned subsidiary within the Group. We believe that engineering equipment division have big potential in both domestic and international markets given our niche gas generation products and packages which caters for the oil and gas, power generation and healthcare
industries. During the year, this division generated total sales of approximately RM116.27 million and we have invested in the latest equipment and software within a new workshop in Balakong, Kuala Lumpur.

For financial year ended Dec 31, 2012, Gastec generated a net profit of RM5.38 million on revenue of RM34.48 million
=============================================================

Wavenet also purchased via cash. Theres also put & call option agreement to to require HB Properties Plc to purchase all shares in 7 New Market Holdings for £7mil abt RM38.5million. The put option does not allow Tanjung Offshore to sell to any other party in a 30-month period. So in the 30 mths period..TGOFFS getting recurring rentals & future commercial properties price appreciation.

Edmund investor: TGOFF market share paid up capital is abt RM187.261million.
Current market capital is RM 119.847million .

RM 59million cash in hand is abt 1/2 of current market capital or abt 1/4 of paid up capital.
Its assets and subsidiaries business excluding cash in hand also about RM100millions+.
Major acquisition usually via RTO or M&A via shares/assets swap to reduce the expenses and increase market capital.

No need so much money unless want to buy avg size biz like GASTEC or Wavenet previously.. both also less the RM40million.

thefarside: Lol...its just a simple math add 2gether for simple reference and u call that i analysted it? Not any1 can be analyst in stock but any1 can do simple math and share the result.
U cant do simple math? Its simple like ABC unlike complex analyst like technical or fundamental with 12 mths target etcs..

skybursa: No investment bank & analyts covering the stock? Obviously u r new to stock newsplays.... those that appear in research investment bank & analyst usually have "related interest" to the stock. Some hot stocks that have high trading price jump and down later also will be covered but usually newsplays and analyst research don't comes together better do own research if interested in any particular stock.

All the infos r available from the bursa official announcement & newsplays covered by media news .. not my analysis. I only share the infos here. If think the info is misleading, go do own research to check & verify. Simple as ABC...

thefarside: u read the news?

http://www.thestar.com.my/Business/Business-News/2013/07/26/Tanjung-offshore-oil-rig-bet/?style=biz

As of Mar 2013 - Tanjung Offshore had cash and cash equivalents of RM126.37mil. A large portion of this was from the disposal of its shipping assets last year.

Tanjung Offshore also have a private placement of 10% of its shares and was later acquired by Tan Sri TKS at 57 sen each for total abt RM 17million in Jun 2014

http://www.thestar.com.my/Business/Business-News/2013/09/10/Tanjung-Offshore-fixes-issue-price/?style=biz

As of 3rd qtr financial 2014 , TGOFFS still have Rm59millions.
Tgoffs is cash rich and have new subsidiaries assets biz in oil and gas related company & also in properties investment. Unlike other O&G company having high debts or loans.

TGOFFS cash in hand still have RM59million after new assets & new biz acquisition of Gastec RM34.3million & Wavenet RM 37.18million (put option sell RM38million+ additional rental income & prop appreciation) , via cash upfront, JV with Drilltec, HMS Petroleum & Fircoft via share capital RM 400k , 500k & 1million - 51%

Sold TMS in Sept 2014 for RM9million. Payment will be made through an initial 10% deposit of MYR900,000, upon the signing of the sale and purchase agreement, followed by five yearly instalments, each of MYR1.62M.

If added up altogether total is abt RM140million++ worth of cash, new biz assets and subsidiaries.
The total are not including additional earning will comes from recurring rental income and properties appreciation from Wavenet. Also its not yet including the 10% capital raised via private share placement acquired by Tan Sri Datuk TKS at 0.57 abt RM17million. If include all estimated about RM 160million+/- or min abt RM150million if take Tan Sri Datuk TKS current share price value.

Total current cash + biz assets is even much higher than previous RM126.37million cash in hand in Mac 2013.

This site topic for TGOFF news & info.
Its TGOFF biz infos i'm sharing, u don't want to know then go other topic.

TGOFF available cash in hand RM59mil as per last year 3rd quarter financial reports.

Other assets acquisition, new subsidiaries business & JV are as below.

TOB - Tanjung Offshore Berhad

Subsidiaries 100% shares
TOS : Tanjung Offshore Services Sdn Bhd
GASTEC : Gas Generators (Malaysia) Sdn Bhd
UGG : Universal Gas Generators Sdn. Bhd
TPC : Tanjung Petroconsult Sdn Bhd
TNE : Tanjung NewEnergy Services Sdn Bhd
TOR : Tanjung Offshore Resources Sdn Bhd
TCSI : Tanjung CSI Sdn Bhd

2009 Bought Gastec 51% - RM 5.1million cash
2013 Bought Gastec 49% - RM34.3 million cash.

Tanjung Offshore said the acquisition will enable it to consolidate the future earnings potential of Gastec on a 100% basis.

2014 Bought Wavenet RM 37.18million cash. Entered into a put option agreement to require HB Properties Plc to purchase all shares in 7 New Market Holdings for £7mil = RM38million. Additional earning will comes from recurring rental income and properties appreciation.
The put option does not allow Tanjung Offshore to sell to any other party in a 30-month period.

August 2014
Sold off subsidiary business TMS - RM 9 million cash.

Jan 2015
TDS -Tanjung Drilltec
Tanjung Drilltrec is incorporated in Malaysia with an authorised capital of RM500,00.00 comprising 500,000 ordinary shares of RM1.00 each
With TOS and Drilltec hold 51% shares and 49% shares respectively in Tanjung Drilltec

Jun 2014
FTS - Fircoft Tanjung
JV Company shall have an initial authorised share capital of RM1,000,000.00 divided into 1,000,000 ordinary shares of RM1.00 each.
Fircroft Tanjung - TOS 51%- Fircoft 49% basis.

May 2014
THMS - Tanjung HMS Sdn Bhd
Jointly incorporated with HMS Petroleum Sdn. Bhd. ("HMS").
With an authorised capital of RM400,00.00 comprising 400,000 ordinary shares of RM1.00 each
TOB and HMS hold 51% shares and 49% shares respectively in Tanjung HMS.

Tanjung Offshore has some RM59mil in cash left in its coffers today, based on its latest third-quarter filings.

Some acquisitions have been made. These include acquiring the remaining 49% equity interest or 2.35 million shares in Gas Generators (M) Sdn Bhd (Gastec) for RM34.3mil cash in October 2013. Gastec is involved in the manufacturing of gas generators for the industrial and O&G industries.

There are reports that have indicated that Tanjung Offshore had paid too high a price for Gastec, but Tanjung Offshore has previously said that the purchase price was arrived at on a willing buyer-willing seller basis.

Meanwhile, Tanjung Offshore seems to have ventured into a very unrelated business – property development.

In March last year, the company acquired an United Kingdom-based company, Wavenet Investments Ltd, for £6.70mil cash or RM37.18mil (based on an exchange rate of £1.00:RM5.55).

Wavenet, which is now known as 7 New Market Holdings Ltd, owns a block of an eight-storey office building in the central business district of Birmingham.

Rationale

On the rationale for the purchase, Tanjung Offshore said the acquisition would diversify its income stream from the O&G industry.

For this, it entered into a put option agreement to require HB Properties Plc to purchase all shares in 7 New Market Holdings for £7mil. The put option does not allow Tanjung Offshore to sell to any other party in a 30-month period.

HB Properties Plc is a listed company on ICAP Securities & Derivatives Exchange (ISDX), London. However, since May last year, it had sought to withdraw its listing on ISDX and the stock has since been suspended.

The Birmingham property transaction did not need shareholders’ approval, as it is small enough to be undertaken by management without the need for a shareholder meeting to be called.

An industry observer who closely tracks the company asks whether HB Properties would be able to withstand the creditworthiness test to take on a put option, given that its shareholders’ fund was at £2.955mil or RM16.05mil based on the current exchange rate.

It is unclear how big property will feature in the grand scheme of things, but industry observers note that the company’s current main operating subsidiary, Tanjung Offshore Services Sdn Bhd (TOS), has been gaining some traction. TOS provides services to the O&G industry.

Tanjung Offshore currently has an orderbook of some RM100mil and has bid for contracts worth RM500mil in the O&G sector. According to sources, it is a strong contender to seal at least half of this.

The single largest shareholder of Tanjung Offshore is Lembaga Tabung Haji with a 7.99% stake. Its other substantial shareholder is Tan Sri Tan Kean Soon, who owns close to 6% based on filings as at Oct 7.

Tan, who is Tanjung Offshore’s director and founder of O&G outfit CP Energy & Services Sdn Bhd, emerged as a shareholder in 2013 via a private placement.

Updates? Gastec fully purchased by TGOFF last year October.

Latest news. Read and see how much millions cash in hand and assets acquired.

http://www.thestar.com.my/Business/Business-News/2015/01/03/Whats-next-for-Tanjung-Offshore/?style=biz

TGOFFS after dispose its main OSV biz TKS to ekuinas previously for RM220 million and ex-distribution special dividen from the sale rm144milion to shareholders, its fair value was 0.53.
http://www.osk188.com/adminv2/UserFiles/OSK188-Malaysia/Article/Tanjung%20Offshore_Sells%20Marine%20Services%20Arm%20to%20Ekuinas_20120424_OSK.pdf

With last year new subsidiaries business & assets acquired using via full cash not loan term, TGOFFS business value & total net assets fair value will be higher compare to its current share market price.

Other O&G stocks also drop a lot due to declining oil price and weak market sentiment, even one of the biggest blue chip O&G stock SKPETRO also drop >50%.
Same goes to THHEAVY and others stocks in O&G..

===================================
RTO been cancelled coz current market valuation would not augur well for the company as its assets & stock price are being valued substantially lower. TGOFFS total net assets

The termination is without any legal and financial recourse against each other.

The company further explained that the parties have decided to terminate the proposals “as the economic and financial conditions for an agreement satisfying both parties cannot be met in view of the declining oil prices”.

The mutual termination is not expected to have any material impact on the net assets and profitability of Tanjung for the financial year ending December 31, 2014.

http://www.dealstreetasia.com/stories/tanjung-offshore-bourbon-terminate-deal/

http://www.thesundaily.my/news/1280025
===================================================

Eventhough RTO canceled, no impact on company total Net Assets and financial coz RTO is for future business expansion growth plan.

Current company total net Assets & financial still on-going only weak market sentiment resulting in lower stock price.

Gastec overvaluation? Bourbon ships assets not over value? RTO sure will need to check the valuation of the assets from both groups.. its not finalized yet but still both agreed earlier of the proposed share offer price pending for the valuation. But with current situation of coz the valuation will be unfavourable for both groups.

In 2009, Tanjung acquired a 51% equity stake in Gastec
TGOFFS bought remaining 49% of Gastec cash RM34.3 on 22/10/14
TGOFF now owns 100% GASTEC .

Gastec 100% asset value worth how much now?
All owned by TGOFFS as its subsidiary business already.

http://www.gastec.com.my/v2/
For financial year ended Dec 31, 2012, Gastec generated a net profit of RM5.38 million on revenue of RM34.48 million.

TGOFFS also bought Uk Wavenet for RM37 million.
http://www.thesundaily.my/news/995261

Just TGOFFS subsidiaries business assets itself worth >100millions +...
The RTO plan was suppose to increase the market capitalization to RM400-500millions + right issues 1:1 to make it bigger to around RM800-1 billion.

U can go check TGOFF financial report on its total net asset & balance sheet or ask someone who know how to read to verify it.

Monday is 29/12/14 ..price went up on tues 30/12/14 till 0.375. U can go check urself..
Others already posted the news announcement and also the price movement last 2 days ago..

News already out on Monday evening and price rebound upwards.
"The mutual termination is not expected to have any material impact on the net assets and profitability of Tanjung for the financial year ending Dec 31, 2014," Tanjung Offshore said in a filing with Bursa Malaysia.

Transaction vol increase by 6-8x and price also up > 20% from recent low vol & price 0.30.
I've bought some today.. last day purchase of 2014 year end trades.
Happy New Year in advance.

Strong buying after 4.42pm today before closing.
Transaction price from 0.345 spike up till 0.375 value abt RM172K..
Some players accumulate upwards.

Those big shareholders/players most likely will buy up the price coz they know the value of the shares. Big shareholder still havent take any action yet but low price is good for accumulation for them as they are the main shareholders and it gives them oppurtunity to buy at undervalue price. Some players already accumulated more shares during the downtrend and its time to rebound up as the dust settle down/things clear up.

Not as bad compare to 2008 recession.
Today price movement seems rebound higher as some players
trying to push back the price upwards highest 0.36.

TGOFFS shares worth higher than current market price coz its cash rich company with existing + new assets acquired especially new subsidiaries busines & new projects secured.
With current market value weak sentiment especially in O&G valuation of RTO will be unfavourable for both group.

http://www.thesundaily.my/news/1280025

"The mutual termination is not expected to have any material impact on the net assets and profitability of Tanjung for the financial year ending Dec 31, 2014," Tanjung Offshore said in a filing with Bursa Malaysia yesterday.

Tanjung Offshore's bid had come under the limelight earlier this year when the deal required the group to secure a non-compete clause waiver from Ekuiti Nasional Bhd (Ekuinas), after disposing of its OSVs to Ekuinas for RM220 million.

A business daily yesterday reported that the plunge in Tanjung Offshore share price, from a peak of 65 sen in June to 32 sen last Friday prompted the company's executives to have second thoughts about the proposed RTO exercise.

The report said the market value of Tanjung Offshore has halved in the past six months and this would not augur well for the company as its assets are being valued substantially lower.

=====================================================================
TGOFF end of 2013 balance sheet total Net Assets at RM 188,977,000. Cash rich company.
This year already bought few subsidiary business like Gastec 49% to fully own it by RM34.3million cash.

Can wait for end of 2014 balance sheet total Net Assets and see how much TGOFFS in it financial result closing balance sheet .

That's why KNM put the entitlement date to be determined later yet approved the proposal so price can be hovering >0.50++ till the date -ex. Its a strategy use to push up stock price. :

"PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,490,762 NEW ORDINARY SHARES OF RM0.50 EACH IN KNM (“KNM SHARE(S) OR “SHARE(S)”) (“RIGHTS SHARE(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH UP TO 215,245,381 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED (“PROPOSED RIGHTS ISSUE WITH WARRANTS”); "

Other eg. is Jotech, AIC, AutoV merger 3-1 to become Glotec..with 0.12 share value. After proposal announced , Jotech shares went up till abt 0.09-0.10 but later price went down due to bad market sentiment drop till abt 0.05+/-. After approval granted, price still quite weak but when closer to ex-date for 3-1merger.. price start to move up continuously . On merger day itself price went up higher and reach the proposal approval 0.12 new share value. After merger completed price drop back low when market turn weak.. price drop till as low as 0.06+/- but this year when theres +ve news play price went up high till 0.14. Recent low due to market volatility price was 0.055..


Stock price & movement also follow the company corporate proposal & exercise by the big shareholders beside market sentiments.
========================================================================

Share price movement usually affected by the main shareholders & big players for the company biz direction or raise/increase more capital.

A recent obvious example of share price movement over "Proposal" and resolutions Approved by shareholoder effect is KNM where its price high at 0.86 - 24/10/14 drop to low 0.395 on 15/12/14 but rebound up fast back till 0.505 - 19/12/14 for sudden EGM announcement of PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,490,762 NEW ORDINARY SHARES OF RM0.50 and all resolution proposal approved by shareholders on the EGM same day.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1832409

KNM price need to be traded above 0.50 for the corporate shares Right Issues action exercise, thus making the price up suddenly trigger by big players buying in more shares of KNM to push up the price to >0.50++
=======================================================================

Old news but it shows confirmation of RTO talk with the HOA signed for the valuation asset & share price swap for the propose RTO. The big shareholder % interest on TGOFFS share values, increase their shareholdings % even after RTO dateline extended. With current drastic drop in TGOFF share price, theres no action yet from the big shareholders possible because its still early bfr the RTO dateline which is on 5/6/15.

Bourbon French confirm talks for RTO with TGOFF
http://www.tradewindsnews.com/offshore/338890/bourbon-eyes-malaysia
http://petroglobalnews.com/2014/06/bourbon-in-talks-to-sell-majority-stake-of-9-malaysia-omvs/

2/10/14 News
http://www.themalaysianinsider.com/business/article/tanjung-offshore-to-apply-for-six-month-extension-of-hoa

http://www.thestar.com.my/Business/Business-News/2014/10/02/Tanjung-Offshores-deal-with-Bourbon-likely-to-be-done-only-next-year/?style=biz

"According to the heads of agreements between the two parties, the assets to be pumped into Tanjung Offshore include controlling or majority interests in six entities that collectively own 61 vessels and five anchor handling tug supply vessels. Under the proposed exercise, Tanjung Offshore will issue new shares to the parties at 70.8 sen each.

Tanjung Offshore’s largest shareholder is Lembaga Tabung Haji with a 7.99% stake as at end-May."

================================================================

After the extension of HOA big shareholder Tan Sri TKS acquires more shares on 3/10/14 & 7/10/14.

Notable Trade Tan Kean Soon acquires more shares in Tanjung Offshore

Business & Markets 2014
Written by Ahmad Naqib Idris Adzman Shah of theedgemalaysia.com
Wednesday, 08 October 2014 17:47

KUALA LUMPUR (Oct 8): Tan Sri Tan Kean Soon has acquired an additional 800,000 shares or 0.2% equity stake in Tanjung Offshore Bhd, via indirect interests.

According to a filing with Bursa Malaysia, Tan’s son acquired 200,000 shares at 56.45 sen per share on Oct 3, 2014; another 200,000 shares at 55 sen per share on Oct 7, 2014; and the balance 400,000 shares at 53 sen per share on Oct 8, 2014.

After the acquisition, Tan, who is also a director in Tanjung Offshore, has deemed interest of 3.8 million shares or a 1.01% stake in the oil and gas services provider, and 17.9 million shares or 4.78% direct interest in the company.

Last Friday, Tanjung Offshore announced it had obtained an 8-month extension on the two heads of agreements (HoA) entered into on June 5, in relation to its proposed reverse takeover of Bourbon Group’s businesses.

The conclusion of the deal has been extended to June 5, 2015, from Oct 5, 2014.

Tanjung Offshore closed one sen lower at 50 sen, bringing its market capitalisation to RM184.08 million.
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From TGOFF price history movement, after sold OSV to ekuinas previously, theres also not much support and price drop to low lvl before stabilize. Its when news of possible M&A out, TGOFFS price start to spike up fast, pick up vol and on its track towards its new share price "valuation".

Better look at official audited financial result at Bursa website and see whats TGOFFS share net asset value. Its not included yet the recent Petronas contracts & last year subsidiaries purchases.
Current share market price doesn't reflect the actual valuation of TGOFFS. Its y base on willing buyer & willing sellers and market sentiments.

RTO proposal was based on the valuation by both parties and it requires approval from them and also SC.

Oil price war between OPEC & US is to check shale oil biz lowest operating cost and cut its profit/kill off the biz in short term, oil price history has been down before and will rise up back just like stock price cycle. Other O&G stocks also affected in terms of trading price not just TGOFF but biz still continue as usual. O&G sectors have invested/spent billions/millions in biz operation/exploration/partnership so biz still goes on to get profit in future.

TGOFFS Acquisition deal only the upper management will decide & finalize it base on the "biz & also assets value" not just base purely world oil price or stock trading price. The big shareholders don't take much action abt the share price currently coz they know the price will stabilize. Lower price make its easier for big players accumulation .. when theres seller, theres buyer so the shares still there just change hand and stronger buyer get "cheaper" cost for future trade or biz growth/M&A.

There are a lot O&G big investor/trader out there with their own trading plan.
U decide ur own trades and better wish good luck 2 urself instead.
No need keep telling others wat to do and wish good luck.

Better share related news & infos

Some recent O&G news/articles shared by CIMB remiser.
======================================================================
... global investment in fossil fuel supply rose from
$400 billion to $900 billion during the boom from
2000 and 2008, doubling in real terms. It has since
levelled off, reaching $950 billion last year. [..] Not
a single large oil project has come on stream at a
break-even cost below $80 a barrel for almost three
years.

... companies are committing $1.1 trillion over
the next decade to projects requiring prices
above $95 to make money. Some of the Arctic
and deepwater projects have a break-even cost
near $120 . The IEA says companies have booked
assets that can never be burned if there is a deal
limit to C02 levels to 450 (PPM), a serious political
risk for the industry. Estimates vary but Mr Lewis
said this could reach $19 trillion for the oil nexus,
and $28 trillion for all forms of fossil fuel.
For now the major oil companies are mostly pressing
ahead with their plans. ExxonMobil began drilling in
Russia’s Arctic ‘High North’ last week with its partner
Rosneft, even though Rosneft is on the US sanctions
list. “Exxon must be doing a lot of soul-searching as
they get drawn deeper into this,” said one oil veteran
with intimate experience of Russia. “We don’t think
they ever make any money in the Arctic. It is
just too expensive and too difficult.”

Plummeting oil prices not only mirror the state of
the – real – economy, they will also drag the state
of that economy down further. Much further. If only
for no other reason than that today’s oil industry
swims in debt, not reserves. Investment policies,
both within the industry and on the outside where
people buy oil company stocks and – junk – bonds,
have been based on lies, false presumptions, hubris
and oil prices over $100.

The oil industry is no longer what it once was,
it’s not even a normal industry anymore. Oil
companies sell assets and borrow heavily, then buy
back their own stock and pay out big dividends.
What kind of business model is that? Well, not the
kind that can survive a 40% cut in revenue for long.
The industry’s debt levels were, in Ambrose’s words,
at a ‘danger level’ when oil was still at $110.

Is Big Oil still a going concern? You tell me. I
don’t want to tell the whole story bite-sized on a
platter, there’s more value in providing the numbers,
this time from Ambrose but there are many other
sources, and have you make up your own mind, do
the math etc.

Ambrose’s exact numbers can and will be contested
three ways to Sunday, but his numbers are not that
far off, and if anything, he may still be sugarcoating.
WTI closed at $66.15 on Friday, Brent is at $70.15.
Given the above data, where would you think the
industry is headed? What will happen to the trillions
in debt the industry was already drowning in when
oil was still above $100?

And how will this be a boon to the economy even if,
as Ambrose puts it, the ”oil drop lasts”? Do you have
any idea how much your pension fund is invested in
oil? Your money market fund? Your government? I
would almost say you don’t want to know.

There can be very little doubt that oil prices will at
some point rise again from whatever bottom they
will reach. Even if nobody knows what that bottom
will be. At the same time, there can also be very
little doubt that when that happens, the energy
industry’s ‘financial landscape’ will look very different
from today. And so will the – real – economy.

Sharing info & news. Decision to buy/sell/hold.. decide ownself.
The big shareholders also didn't take any action of buy/sell their stakes % yet.. only current market small players trading with the price but changes lower instead with low vol traded more exiting than buying/hold. The stock market always there, only the players change.

Oil price keep dropping coz tussle to compete shale oil price. OPEC not cutting production to let market stabilize itself http://www.bloomberg.com/news/2014-12-14/oil-drops-near-60-a-barrel-as-opec-seen-resisting-cuts.html

“We’re not going to change our minds because the prices went to $60 or to $40,” the U.A.E.’s Mazrouei told Bloomberg at a conference in Dubai on Dec. 14. “We’re not targeting a price; the market will stabilize itself.”

People who made money or lose money in stock its only for themselves, not others... so why u so concern keep telling others to sell? Better mind ur own stocks instead telling others what 2do if u don't have any good info to share here.

Other big O&G stocks also affected, some even drop >50%. Some bigshareholders increasing their shares % whereas some others just hold on and wait till market stabilize.. not all just sell off their % shares in open market for public. Can go read news/annoucement and chk on the price. When market is weak, across the board most counters also affected. If cant handle/accpt market situation, pls go ahead do what u guys want. Its alwys free choice whether buy/sell/hold in stock market.

Other bigger O&G stocks also drops a lot.
Recently SapuraKencana.big shareholders start buying/increase their % shares ...
Maybe O&G stock market will stabilize soon.
As usual buy/sell/hold is individual own decision whether big or small players.

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http://www.theedgemarkets.com/en/node/173240

Mokhzani buys shares in SapuraKencana
By Ahmad Naqib Idris / theedgemarkets.com | December 4, 2014 : 8:04 PM MYT

KUALA LUMPUR (Dec 4): Tan Sri Mokhzani Mahathir, the vice chairman of SapuraKencana Petroleum Bhd vice chairman, has bought an additional two million shares, taking advantage of the sharp fall in the company’s share price.

Mokhzani, who has earlier trimmed his stake in the oil & gas group, bought back some shares today, through his private investment vehicle Kencana Capital Sdn Bhd. With the latest share purchase, Mokhzani’s shareholding increased to 607 million or 10.13%, while his direct interest stood at 9.49 million shares or 0.16%.

It is learnt that Mokhzani intends to continue accumulating shares, given the attractive valuation after the recent meltdown on most O&G stocks.

His move to raise stake in SapuraKencana is as surprised as when he sold part of his stake and relinquished his executive role in the group in February. The share purchase has made some quarters puzzled, as Mokhzani’s share sale earlier, has reinforced the belief he would concentrate his investment in Yinson Holdings Bhd.

SapuraKencana share price has fallen off the cliff, plunging from RM4.40 in mid-July to two-year low of RM2.44. Market capitalisation of RM11.7 billion has evaporated in slightly more than four months. The stock was up five sen to close at RM2.49 yesterday (Dec 3), bringing its market capitalisation to RM15.04 billion.

Mokhzani is the third largest shareholder of SapuraKencana, after Sapura Holdings Sdn Bhd which holds a 16.71% stake, and Employees Provident Fund (13.07%).

Other substantial shareholders are Seadrill Ltd (8.18%) and Skim Amanah Saham Bumiputra (6.23%).

Will find its support lvl and rebound when market stable down & oil price recover.
Big shareholders also not doing anything with their existing shares %.

http://klse.i3investor.com/servlets/discuss/1564039.jsp

Big shareholders just sitting on the fence while some players continue cutting each other.
Low vol traded and still finding the support lvl.

World oil price Futures moving up slightly but still waiting for OPEC meetings
http://www.marketwatch.com/story/oil-futures-edge-higher-brent-pushes-toward-80-a-barrel-2014-11-21-2103309

All parties mutually agreed to extend the exclusivity period for the RTO HOAs from 5 October 2014 to 30 June 2015. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1757041

Financial result for 3rd qtr:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1800017

http://www.bursamarketplace.com/index.php?ch=ch_content&pg=pg_cont_news&ac=15271

http://www.bursamarketplace.com/index.php?ch=ch_themarket&pg=pg_tm_stocksss&ac=2802&sch=ch_stocks_ownership

From TGOFFS Ownership summary and announcement of share movement, Mainshareholders & institutions not selling their shares recently... selling/buying only done by Public & other minorities shareholders or big players behind.

TOFFS Ownership summary:
Main shareholders/insiders : 33.85%,
Institutions : 10.9%,
Public and Other: 55.25%

ozzie75: Those who knows the potential of TGOFFS usually the big players.