Looks like rebound/uptrend start back this morning. :D

Been retracing back past 19 trading days to its original price lvl bfr uptrend.
Its already at oversold lvl with low vol and waiting for the next convergence sign.

GBHB propose rto today to become O&G player, MGO : offer price at RM2 complete with 60 days.. but price fly up RM2.46 highest this morning now cool down abit at RM2.18.. :D

Good RTO proposal with good operator in play..

Ya... last year operator very strong.. only newsplay can push till 0.75 & - 0.775.
Tan Sri TKS join also didn't flex his strength yet...

This yr, with 2 HOA proposal/announcement, price only up abit 0.665 and retrace back..

Theres roadblock at 0.585/0.59. If think +ve they might be accumulates more at cheaper price before push when RTO get green light... stronger push also needed coz theres rights issues 1:1 in the plan and also another push after right issue over.

The operator also cash out profit on ICON and might comes in handy later on for TGOFFS play.

If based on TMI -> AXIATA..in year 2009 price also drop /tank when announce right issues proposal n pending approval. Khazanah & EPF its biggest shareholder strong support also din bother to push much.
Right issues give 30-40% discount to market price. http://www.theedgemalaysia.com/features/1405-axiata-marks-tmis-new-lease-of-life.html

Then suddenly bfr ex price rise jump up a surprising strong performance. Those who panic sold earlier lost their goose that lay golden eggs to the operators.

After right issue over...some profit taking abit and later Khazanah & EPF increase their shareholding % and AXIATA price keep going up and up till today. :D

marcus: Operator playing accumulates and sideway. Wait for next newsplay before take off.

Ya.. some stock/company biz not doin well might drop to PN17 or wind up.. but some from PN17 can come up back in black to mainboard and makes higher profit.

A company biz still goes on biz as usual even when theres changes to its biz direction and structure. Staff are free/force to go if cant adapt with the changes. Top position CEO/MD or low lvl staff changes every now and then .. its biz as usual even when the company biz grow and get bigger.. staff still goes off every now and then also.

Just like stock when the price is high/low, investor are free to buy/sell. But when stock price drop low.. some are force/maybe will initiate cut lost. Win or lose money, in stock trading/investment still continues unless the investor/traders lost all his money.

A good investor also wont stay forever in same stock, they will play in & out or chg to other stocks making money as usual :D

Theres a saying "The stock market will alwys be there but the players come and goes"
Same goes for the company biz there alwys up & down but biz still continue even when some
staff left the company.

Investor alwys see the big pictures of the company direction... not the small pic of staff/dept chgs etcs. Maybe not all investor see the same thing.. that's why some make money and some lose money.

This RTO is expected 2 contribute +ve to company biz and shareholders.
Its a good / fastest way to get more/bigger assets and raise large amounts of cash quickly to have the capability to grow substantially in the future.

Only some minorities concern coz no MGO, offer of new share price quite low and over worry this RTO will get challenged by Ekuinas non-compete clause agreement.

The price already back to the original lvl bfr RTO announcement.
If there's +ve news on the RTO or new big shareholders increase % of shares, price will move up back again.

More questions raise and more answers needed
http://www.themalaymailonline.com/money/article/investor-central-tanjung-offshore-berhad-why-re-enter-a-business-that-it-di

Back to support lvl since theres some selling from ESOS listing on 26.
Waiting for more +ve newsplay to go up back.

Low vol, lack of buyers support.
Price still around 0.60+/-.

Keep dropping almost 1 month.. not many ppl have big heart 2 withstand this knee jerk plunge..

Big players keep shooting down the buyers. From the selling pressures, big players know wat they are doing since end of last month. From their previous selling pattern, theres abt 5-6 selling waves... the current only ard 4th waves...next support at 0.46 - 0.45 if theres no immediate big buyers come in 2 support.

Clj Jun: extend for 1 month... as expected abt Rm 1 billion spa where can sign so fast one.
I also find it not right.

Selling pressure from big players also not at ease yet..

calvintaneng: Nice jokes. I read at investlah .. ppl they say ICON = I CON

ICON ipo RM1.85 already at high price.. those jump in to buy higher price this morning sure kena shot. Those got the IPO cash out for good profit. Maybe will buy into cheaper counter like TGOFFS also :D

ICON IPO rm1.85.. still above ipo price means still healthy. Those jump in high this morning sure kena SHOT and now still continue shooting. Those who got IPO cash out with profit.

SONA going down. 0.49 soon..

Abt RM 167 millions transaction for ICON.. so much higher than SUmatec yesterday...

Those jump in ICON early morning kena SHOT down.

Market down, TGOFFS idle.. ICON now buy up back :D

Sumatec flying high n hot 2day.. RM55 million transactions.
2morrow Icon offshore... how much transaction will it be?
Meanwhile at TGOFF.....still accumulating and some selling :D

TKS up his shareholding to 5.62% ... who want to sell cheap to him pls SELL :D

Lucky bought cheap yesterday at 0.605. Today bought some more..
$$$$$$$

Got some action ady...0.615 sapued.

In the RTO proposal,

Management and Committees
Upon the completion of the Proposals, the Board of Tanjung shall procure:

(i) the appointment of Datuk Wira Harzani Azmi as Non-Executive Chairman;
(ii) the appointment of FK as Group Managing Director;
(d) the appointment of an Executive Director to manage the Group’s operations in Indonesia;
(e) the appointment of a Finance Director who is a Malaysian citizen;
(f) the appointment of a sufficient number of independent Directors; and
(g) at least 60% of the composition of the Board shall be Malaysian citizens.

==========================================================
(i) Since Datuk Harzani already resigned and becomes group advisors, and Tan Sri Datuk TKS had been appointed as Non-Executive Chairman/Director.... the RTO in still on track

This announcement should be read in conjunction with the earlier announcement in relation to the Proposed Acquisition on 5 June 2014 (“Announcement”). Unless otherwise defined, all the definitions used in this announcement shall have the same meaning as the words and expressions used in the Announcement.

We refer to the article entitled “Tanjung Offshore Reverse Takeover Opposed” that appeared in the The Star on 18 June 2014.

On behalf of the Board of Directors of Tanjung, AFFIN Investment Bank Berhad wishes to clarify that since the signing of the Heads of Agreements (“HOAs”) with the Vendor Group on 5 June 2014, Tanjung is working closely with the Vendor Group to finalise the terms and conditions of the corporate proposals with the intention of signing the conditional sale and purchase agreements (“SPAs”) within 3 months’ time from the date of the HOAs or such other period as the parties may mutually agree upon. The Company takes cognisance of the views expressed in The Star article and has every intention to ensure that the final terms of the corporate proposals shall be in the best interests of Tanjung and its shareholders.

In respect of the non-compete clause that it had entered into with Ekuiti Nasional Berhad (“Ekuinas”) in 2012, Tanjung would like to inform and clarify that the Company is engaging with Ekuinas on this matter. Tanjung will undertake the necessary measures to procure all approvals required for the completion of the Proposed Acquisition.

Further announcements on any material developments on this matter will be made in due course.

This announcement is dated 18 June 2014.

Tan Sri Datuk TKS appointed as Independent & Non Executive Director of the company, effective June 23, 2014.

So who will becomes TGOFFS MD? .... Think. :D

Datuk harzani already resigned already last week but is to resume the role of group adviser to ensure all corporate exercises are executed

http://www.thesundaily.my/news/1087999

Oh my... tat guy famous1, still don't know him?

Tanjung Offshore Bhd Appoints Tan Sri Datuk Tan Kean Soon as Independent & Non Executive Director, Effective June 23, 2014

Jun 19 14

Tanjung Offshore Bhd announced appointment of Tan Sri Datuk Tan Kean Soon as Independent & Non Executive Director of the company, effective June 23, 2014. Tan Sri Datuk Tan Kean Soon is the Managing Director of CP Energy & Services Sdn Bhd. Tan Sri Tan is also serving as corporate consultant and strategic advisors to several private corporations including CP Technology & Engineering Sdn Bhd, Prisma Cerah Sdn Bhd and CP Energy (S) Pte Ltd. Tan Sri Tan is responsible for business development, strategic and budgetary planning, corporate HSE policies, internal control systems, strategic procurement activities, high-level supervision and implementation of long term strategies for the group of companies.

Tan Sri Tan Kean Soon increase his shareholdings in TGOFFS

Position date: 23/6/14
No. of shares: 20,889,600
% of total shares: 5.6200
Value: RM 12,638,208

Buying on price weakness, some players exiting maybe they goin 4 Icon Offshores listing this Wednesday.

I bought some today. Tomorrow will get extra $$$$ n hope can get good price for TGOFFS again.

What is Tanjung Offshore buying?

https://www.facebook.com/theedgemalaysia/photos/a.10150539923503086.430846.64839963085/10152511569148086/?type=1&relevant_count=1

Ya.. its RTO season.. even Ranhill also announce RTO Symphony today..
http://www.thesundaily.my/news/1089570

Newsplay out early March 14 and symphony share price shoot up a lot abt 100% before consolidate to abt 50%+
http://www.thestar.com.my/Business/Business-News/2014/03/28/Symphony-shares-hit-high-note-Industry-observers-upbeat-about-proposed-RTO-by-Ranhill/

Big players wants $$$$$ so by doing RTO... more $$$$$$ and more contract coming.

The big players don't care whether its a Tiger or puddy cat, same goes to all Tom, Dick & Harry..
All will be shot if jump out naked infront instead hunting them from behind. :D

http://cgmalaysia.blogspot.com/2014/06/tanjung-offshore-some-shareholder.html

http://www.kinibiz.com/story/tigertalk/91642/keep-investment-healthy-suspend-counters-longer.html

Hot.T : Nice.. i'll also load more next week once my $$$$$ comes in.

Solpiee Bin Sahmat & LTH also friendly with Ekuinas :D

Edmundinvestor: U dun get my point? Ekuinas is no big deal at all.
Hot.T.: Welcomes b.

PETRONAS license also can get,
http://in.reuters.com/finance/stocks/TJGO.KL/key-developments/article/2982144
http://www.awtinternational.com/awt-international-asia-sdn-bhd-through-its-jv-company-hms-energy-sdn-bhd-acquires-petronas-licenses/

Private placement already subscribed last yr.
http://www.bursamarketplace.com/index.php?ch=ch_themarket&pg=pg_tm_stocksss&ac=2802&sch=ch_stocks_ownership

JV with foreign UK partners already signed

(O&G) giant Bourbon, Indonesia group also confirm to seek approval 4 TGOFFS RTO
=================================================================

What's so big deal abt Ekuinas approval? :D

I'll take profit & buy b every now & then when the price is good.
No need wait 18 mths. Next week some hot money coming in $$$$$$.

I'm +ve with TGOFFS.
Last yr July - Dec already gave me good profits.
This yr Jan - Jun also gave me good profits.

More $$$$$ coming :D

I support positive effort to boost TGOFFS biz & its stock price.
TGOFF is going +ve direction since last year with +ve annual profit, stronger cash via private share placement and acquired/JV more sub div biz Gastec, Wavenet, THMS, Fircroft Tanjung.
Only missing is the core biz assets... tats why RTO is next in their card.

Songa is actual a risky move ... need a lot cash to buy... U see Sona now having problem already..

sasopi87: not rumours.... Annoucement 4 RTO proposal already out on 6/6/14.

The Directors of Tanjung Offshore Berhad wish to announce the results of the resolutions as set out in the Notice of the 10th Annual General Meeting (“AGM”) dated 27 May 2014 held this morning as follows:

Result

Resolution 1 on receive of audited financial statements for the financial year ended 31 December 2013 and the Reports on Directors and Auditors thereon
Carried by way of show of hand

Resolution 2 on payment of Directors’ fees for the financial year ended 31 December 2013
Lost by way of show of hand

Resolution 4 on re-election of George William Warren Jr as Director
Carried by way of poll

Resolution 5 on re-election of Shahrizal Hisham bin Abdul Halim as Director
Carried by way of poll

Resolution 6 on appointment of AljeffriDean as Auditors
Carried by way of poll

Resolution 7 on authority to issue shares pursuant to Section 132D of the Companies Act 1965
Carried by way of poll

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

A lot shareholders not happy coz share price not moving up much so don't agree to pay Director's fees. Can save more $$$$ for biz. :D

Selling not over yet... still a lot selling transaction much more higher than buyers..
Recent low 0.485 - 0.495.

Tan Sri TKS up... last yr maybe already agreed while buy the private placement shares .

Tan Sri Datuk Tan Kean Soon is the Managing Director of CP Energy & Services Sdn Bhd, a corporation he founded since year 1992. Tan Sri Tan is the main driving force behind the development, rapid growth and expansion of CP Energy & Services Sdn Bhd over the years in the oil and gas industry.

Tan Sri Tan is also serving as corporate consultant and strategic advisors to several private corporations including CP Technology & Engineering Sdn Bhd, Prisma Cerah Sdn Bhd and CP Energy (S) Pte Ltd.

With more than 28 years experience in the oil and gas industry, Tan Sri Tan is responsible for business development, strategic and budgetary planning, corporate HSE policies, internal control systems, strategic procurement activities, high-level supervision and implementation of long term strategies for the group of companies

thefarside: Ekuinas is smart but TGOFFS also smart... both helping each other
only the investor that get stuck at high price r not smart.

http://www.berita2u.tk/ekuinas-exits-og-sector-ups-stake-in-osv-firm/

“With the cash proceeds received from the recently completed group restructuring and de-merger exercise, Ekuinas is exiting from Tanjung Offshore and leaving it in a strong financial position to strengthen its non-marine business comprising engineered products, maintenance and oilfield solution services, and capable of pursuing its own growth plans within the fast expanding Malaysian O&G sector,” said Ekuinas CEO Datuk Abdul Rahman Ahmad.

http://ekuinas.com.my/pdf/14112012_1.pdf

To facilitate the de-merger exercise, Ekuinas through KBE,
had initially acquired a 100% equity stake in TKS and thereafter allowed TOB’s shareholders the
opportunity to participate and own equity in KBE through a Restricted Offer for Sale exercise for
KBE’s RCPS.

TGOFFS in less than 1 yrs after demerger already announce plan 4 fund raising & news to acquire foreign O&G firm. Price go crazy as high as 0.775 .. lol..

After 2yrs Ekuinas list ICON offshores IPO value RM1 billion

After 2yrs TGOFFS announce want to RTO + right issues value RM1 billon...

Coincidence?

Remember rules no. 1 : Bull & bear makes money, pigs get slaughter.

TGOFFS & Ekuinas (ICON offshores) both are very smart.

If smart.. can make money also :D