i just feel how naive and childish the fellow investor in i3 ...
last week when announce bond default, a lot people jump in thinking 4th oct announce bond default, 5th oct will have money to repay ... it is 125 million, not rm12.5
and now today official enter pn17, a lot people jump in again thinking a rescuer will come soon and pn17 will be lifted tomorrow ...
hahaha ...
if so simple, directors no need busy sell shares since 5th oct ... he knows more then you all ...
Honestly ask yourself...if you are just a stock investor (not holding Perisai stock now), will you be interested in this counter or use your hard earned money to invest in other counters?
Tepuk dada, tanya selera......if you are holding Perisai, it is understandable you likely to say still got good opportunity to go up because you really hope it will go up.
To those that really want to take risk (cap sei kai), but not yet holding Perisai share; now is not the right time yet to enter as it just confirmed as PN17, a lot of volatility now. After few months when all the dust settled, price stabilized; and there some confirmation IF this company has possibility for turn around or buy out then MAYBE can enter to take the risk.
Just look at historical data, companies that went into PN17, how many manage to turn around, how many eventually get de-listed, what is the average time for all these take place, and what happened to their stock price in between?
· We expect further selling pressure on PERISAI following its declaration of going into PN17 status. · In the event PERISAI fails to comply with the obligations to regularise its condition, the company’s listed securities will be suspended from trading on the 6th market day after the date of notification of suspension by Bursa Securities and de-listing procedures shall be taken against PERISAI, subject to the company’s right to appeal against the de-listing. · The company is still trying to negotiate with note holders on alternative solution with the new financing. Should the debt restructuring process fail, the note holders reserve the right to take legal actions against PERISAI. · In view of higher insolvency risk, we keep our UNDERPERFORM rating on PERISAI with lower target price of RM0.05/share pegged to 0.1x CY17 PBV.
Most ppl here don't really know what is calculated risk with regards to PN17, when can take risk, when cannot enter, etc.
No regularisation plan submitted and approved = suspended counter next week. (habis cerita cepat)
Pending regularisation plan = Within 3 months have to tell if their regularisation plan will have positive change in the business or not to certain extend. That is when IF, IF you want to take risk can have at least some solid confirmation (IF you trust the regularisation plan).
by year end crude oil will up to rm 60 per barrel, then perisai will announce reduce debts and a series of good news, stock price soars, then those retail investors sold everything will cry on dust on his mouth. then big boy laugh all the way up earning big big money by riding on ppl lost.
besok??? Pls wake up, is PN17 status la.....if besok can settle; then no need to enter PN17 in the 1st. The mgt will die die and die die to settle it if their think they can settle just before kena PN17 status....
******************************************************************* chpu2001 no worry strong buying force at the bottom, u sell many ppl buy, besok the company turns around they will earn big profit, u lost big amount
dodos : UNCONFIRMED NEWS!!!!! China O&G company eyeing Perisai....... may buy substantial stakes... ------------------------------------------------------ dodos made up the news so that al rushing to buy and he can sell.
Already all in 0.065 this morning when I heard this UNCONFIRMED NEWS!!!!! China O&G company eyeing Perisai....... may buy substantial stakes........talks is underway now.
Meathere: "After few months when all the dust settled, price stabilized; and there some confirmation IF this company has possibility for turn around or buy out then MAYBE can enter to take the risk. "
Your suggestion cannot pakai, ppl enter now certainly they already knew the worst, to compensate their high risk, they want high return. When everything settle down, how much return you can gain for buying at safe time? Mayb you need to buy at 15 cents a shares or more and volatile btw 1-2 cents.... i would rather bet and lose it all than buy into such safer risk and earn petite.
Aiyoh, such petite return when buy at safe time, better buy bluechips. N such company harder to time the buying time when it is safe bcoz the correction can be quite volatile, u think safe liao, then drop somemore for you. Now easier to time, straight bankrupt return 0, or tiny good news or big good news. Im sane, i knew the risk, no margin thx. Like go casino, u pinjam ah long to gamble meh?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
richman
10,110 posts
Posted by richman > 2016-10-13 10:04 | Report Abuse
Any possibility of any local O&G company rescuing it?