Posted by Jetli > 2016-10-15 00:21 | Report Abuse

80% goes to the 20% pocket. Only 2% goes to the retailers' pockets i.e. That means out of every 100 retailers playing the mkt only 2 actually making money. That's the study, so ask any of yr friends & u will be surprised that the statistics is correct.

I'm recovering old losses. Hopefully I don't run out of time

Posted by KedahMalay > 2016-10-15 00:55 | Report Abuse

hothot

Posted by cooling > 2016-10-15 07:18 | Report Abuse

after years on the market I'm still in the red too...u just need only 1 counter to destroy you...

Posted by freeman > 2016-10-15 12:12 | Report Abuse

Jetli and chokra.. tqvm for the sharing

Posted by r3490 > 2016-10-15 15:38 | Report Abuse

Jetli, your stats apply to the Malaysian market or all markets? Because my experience is that because of the small number of stocks traded here, all are heavily manipulated in this market. Perhaps other markets such as the US are less skewed in favour of unscrupulous activities from insider traders and syndicate crooks?

Posted by Jetli > 2016-10-15 15:47 | Report Abuse

It's an international norm

But more apparent in Malaysia cos I personally checked with many friends & some remisiers on the status of their clients.

One more very interesting fact the remisiers mentioned is that more then 90% of their online clients lose money. That includes stock & futures players. Online clients only interested in low brokerage but can afford to lose big money. It's like penny wise pound foolish.

Posted by albertwarrior > 2016-10-15 20:04 | Report Abuse

China people still continuing buying perisai share.

Posted by yingkang87 > 2016-10-15 22:19 | Report Abuse

after they buy anuf shareholding perisai will delisted??

Posted by speakup > 2016-10-15 22:36 | Report Abuse

PERISAI FINISHED!
OSV players like ICON, ALAM, EA TECH & PERISAI should have merged to form a mega super OSV company to weather the crude oil slump. Too bad each of their management were too short sighted to realise these. Now they all suffer. Perisai is finished. Let this be a lesson to the remaining OSV players.....MERGE OR DIE!

Posted by annmix > 2016-10-16 01:51 | Report Abuse

Still Got 1 year to submit thier plan.. wont delisted so soon

Posted by albertwarrior > 2016-10-16 12:27 | Report Abuse

The 18 per cent jump in crude oil prices since January is making some corporate leaders jittery, especially from the aviation, cement and tyre sectors, as their input costs would shoot up substantially.

However, chief executives (CEOs) of oil and gas producing companies are hoping crude oil will go back to the heady days of $100 a barrel, so they can again make super-profits.

Analysts say rising crude prices would add to the bottom line of oil and gas producers like Oil and Natural Gas Corporation (ONGC), Oil India and Cairn India. “If crude prices are going to be in the range of $55-70 a barrel, it will be good news for ONGC. Even when prices were up at the range of $100 a barrel, our returns were always subjected to the element of subsidy. We were retaining only $40-47 a barrel, even during the high-price regime,” said A K Srinivasan, director, finance, of India’s biggest oil and gas producer, ONGC. Free pricing of diesel would help the company to reduce its subsidy burden.

Posted by poorkid > 2016-10-16 17:40 | Report Abuse

If Lion Corp finish other steel companies gain. Why Perisai finish other OSV eg Alam, Icon, etc not benefits?

Posted by speakup > Oct 15, 2016 10:36 PM | Report Abuse
PERISAI FINISHED!
OSV players like ICON, ALAM, EA TECH & PERISAI should have merged to form a mega super OSV company to weather the crude oil slump. Too bad each of their management were too short sighted to realise these. Now they all suffer. Perisai is finished. Let this be a lesson to the remaining OSV players.....MERGE OR DIE!

Posted by goreng_kaki > 2016-10-17 12:03 | Report Abuse

Waiting 5 sen, waiting liquidatuin, still waiting~~

Posted by mando > 2016-10-17 12:10 | Report Abuse

looks like 0.05 is difficult to buy, the more likely to shoot up 15sen is probable high

Posted by albertwarrior > 2016-10-17 12:12 | Report Abuse

China people buy pn17 stock, so rich them.

Posted by albertwarrior > 2016-10-17 12:14 | Report Abuse

Last time, bitcoin price shoot up because of they buying.

Posted by Leoleo > 2016-10-17 14:57 | Report Abuse

PN 17 company, buy low sell high..make money can run first.. dun expect it can come out from pn 17 in near term...there will be few more pump and dumb on and off . just my SKL opinion.

Posted by goreng_kaki > 2016-10-17 14:59 | Report Abuse

Nta 0.52~~~

Posted by albertwarrior > 2016-10-17 15:29 | Report Abuse

China people doesn't do rugi business. Only their mind know what they up to. We ordinary people doesn't know what their mind think.

Posted by Inspired12 > 2016-10-17 16:18 | Report Abuse

is it confirm china people buying ? where is the proof ?

Posted by goreng_kaki > 2016-10-17 16:34 | Report Abuse

Maybank buying perisai~

Posted by yingkang87 > 2016-10-18 00:07 | Report Abuse

whr u get the news?

Posted by necro > 2016-10-18 06:21 | Report Abuse

His dick Maybank

Posted by goreng_kaki > 2016-10-18 10:26 | Report Abuse

Microsoft buying perisai~

Posted by joe8032 > 2016-10-18 11:58 | Report Abuse

Lausai very soon....

Posted by albertwarrior > 2016-10-18 12:08 | Report Abuse

Microsoft buy perisai, are you crazy? Software company buy O and G company share

Posted by albertwarrior > 2016-10-18 12:10 | Report Abuse

Oil Prices Edge Up; Concerns Over Oil Product Glut Loom


By Jenny W. Hsu

Crude oil prices clawed back minor gains in early Asia trade Tuesday following an overnight decline but trading is expected to be muted now that the market has priced in a potential production cut.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at $50.17 a barrel at 0139 GMT, up $0.23 in the Globex electronic session. December Brent crude on London's ICE Futures exchange rose $0.22 to $51.74 a barrel.

Posted by beso > 2016-10-18 12:45 | Report Abuse

sure drop to new low

Posted by riko > 2016-10-18 12:57 | Report Abuse

kanasai buy perisai...

Posted by CUTLOST > 2016-10-18 13:24 | Report Abuse

Never hope in short term..next wintoni in the making

Posted by koyokui > 2016-10-18 15:37 | Report Abuse

buy perisai.skpetro to take over perisai soon

Posted by mando > 2016-10-18 16:21 | Report Abuse

KC Yeow's Yinson buying perisai ?

Posted by albertwarrior > 2016-10-18 16:36 | Report Abuse

PETALING JAYA Oct 18: The two principal owners of Kencana Capital Sdn Bhd – Tan Sri Mokhzani Mahathir and Datuk Yeow Kheng Chew, better known as KC Yeow – are splitting their business interests in the investment holding company as part of a large scale restructuring exercise.

Part of the reshuffle involves the buyout of Yeow’s stake in Kencana Capital.

In turn, he is acquiring Kencana’s stake in Yinson Holdings Bhd. The swap essentially means that Mokhzani will end up as the sole owner of Kencana following the restructuring.

Yeow now holds 14% of Yinson, a company that operates floating production, storage and offloading (FPSO) vessels catering to the oil and gas (O&G) industry.

Mokhzani confirmed this restructuring when contacted by StarBiz.

“We are divvying up Kencana’s investments, as we have different priorities going forward.

“It is actually a plan that we had since 2012 but was put on hold after the economic slide,” he said.

Stock exchange data yesterday revealed that 119.71 million Yinson shares changed hands in an off-market transaction, representing a 10.95% stake in the offshore services provider.

Bursa Malaysia filings by Yinson yesterday revealed that Yeow had acquired this block as well as another 33 million shares in Yinson, which were distributed to him by Kencana Capital by way of a dividend in specie. This gives Yeow a 14% stake in Yinson, making him the second-largest shareholder in the company after Yinson’s founder and chairman, Lim Han Weng, who owns 21%.

The shares crossed yesterday at RM3.07 apiece, which was at a discount to Yinson’s closing price of RM3.19.

Yinson also said that Mokhzani and Kencana had ceased to be substantial shareholders in the company following the disposal of a total of 153.37 million shares.

This marks Kencana’s exit from the O&G business after a five-year period marked by extreme highs and lows.

Kencana had emerged as a substantial shareholder of Yinson in June 2013, after subscribing to a new placement exercise. The company subsequently became a major FPSO player with an orderbook of more than RM16bil as at last year.

Mokhzani and Yeow’s first major venture into the O&G sector was through Kencana Petroleum Bhd. In 2011, the company struck a notable merger with SapuraCrest Petroleum Bhd in a massive RM12bil deal, which was one of the largest in the history of corporate Malaysia.

This resulted in the creation of integrated offshore services firm SapuraKencana Petroleum Bhd (SapKen), which was successfully listed on Bursa Malaysia in May 2012.

Notably, in July this year, Yeow, a former executive director of Kencana Petroleum, and two others were charged with insider trading in relation to the 2011 merger of Kencana Petroleum and SapuraCrest in 2011.

In February 2014, four months before the collapse of crude oil prices, Mokhzani and Yeow (who held their SapKen block through a vehicle called Khasera Baru Sdn Bhd) sold 190.3 million shares in SapKen at a price of RM4.30 apiece.

This gave them proceeds of a RM820mil.

SapKen shares have lost more than half that value since then. Mokhzani and Yeow left the board of SapKen last year, although their vehicle Khasera Baru still holds a balance 10% stake in SapKen.

Despite the difficulties in the industry, Yinson’s shares have actually outperformed the broader market this year, making it one of the few O&G counters with a positive return. To date, its shares have gained 8.87%. – The Star

Posted by albertwarrior > 2016-10-18 16:47 | Report Abuse

SINGAPORE - Another Singapore-listed offshore services firm is appealing to bondholders' to change the terms of its debt repayment.

Ezra Holdings announced on Tuesday (Oct 18) it is seeking noteholders' consent to amend the terms of its S$150 million of 4.875 per cent notes due 2018 to avoid any potential covenant breaches or default.

In a filing with the Singapore Exchange, Ezra said it is offering a consent fee of 0.1 per cent for noteholders who accept their proposal by 5pm on Nov 2, 2016. This works out to S$250 per S$250,000 in principal amount of notes held, less any bank charges, which shall be borne by the noteholders.

Posted by goreng_kaki > 2016-10-18 17:30 | Report Abuse

Limited downside but unlimited upside~~~~~huat ah~~~

Posted by KedahMalay > 2016-10-18 18:44 | Report Abuse

Panas panas

Posted by yingkang87 > 2016-10-18 23:17 | Report Abuse

don't u all feel that buayas sell the price low and pick at low price while waiting the announcement from OPEC on 31 Nov 2016??

Posted by Erwan Hasidan > 2016-10-19 01:22 | Report Abuse

Perisai is not selling oil, the contract for the vessels will not just suddenly appear after the announcement from OPEC either. Win big or lose all as mentioned. That's my take for perisai xD

Posted by JoshuaMS7 > 2016-10-19 10:08 | Report Abuse

Will it bankruptcy? Can in now?

Posted by albertwarrior > 2016-10-19 10:17 | Report Abuse

Oil Gains After API Reports Unexpected Fall In U.S. Crude Stocks

Posted by albertwarrior > 2016-10-19 10:18 | Report Abuse

wti @ $50.78/barrl
brent @ $52.17/barrel

Posted by albertwarrior > 2016-10-19 10:19 | Report Abuse

PETALING JAYA: Perisai Petroleum Teknologi Bhd, a Practice Note 17 (PN17) company, has received a notice of demand for the payment of its S$125 million (RM377.5 million) bond, which was due on Oct 3.

Perisai told Bursa Malaysia that it, together with its wholly owned subsidiary Perisai Capital (L) Inc, had received a notice dated Oct 17 from the trustee of the notes notifying them that the redemption amount of the notes together with interest is due.

Perisai said it is seeking legal advice on the notice of demand and will make announcements as and when necessary.

The bond carrying a coupon rate of 6.875% is part of the company’s S$700 million multicurrency medium-term notes programme.

Perisai had sought to extend the maturity date of the bond to Feb 3, 2017 from Oct 3, 2016. It was, however, rejected by its bondholders at a meeting called on the due date.

The default had also resulted in the company slipping into the PN17 status. It has to submit a regularisation plan to the regulator within the next 12 months.

Nonetheless, Perisai, together with its joint venture partner Emas Offshore Ltd (EOL), are in talks to secure US$20 million (RM83.8 million) financing from a financial institution.

As part of the indicative financing package, Perisai was also in talks with EOL to resolve various issues among themselves, including a put option that was granted by EOL to Perisai for Perisai’s 51% shareholding in SJR Marine (L) Ltd.

Perisai and EOL are joint-venture partners in Emas Victoria (L) Bhd and SJR.

Perisai shares were down one sen to close at 6.5 sen yesterday, with some 9.54 million shares changing hands.

Posted by albertwarrior > 2016-10-19 10:21 | Report Abuse

Another offshore services firm is seeking leniency from bond holders to weather the oil price rout.

Ezra Holdings yesterday said it wants to loosen covenants on $150 million bonds maturing in 2018, and is in discussions with various parties on its financial obligations.

It said in a statement to the Singapore Exchange: "The sustained downturn in oil company expenditure continues to result in lower industry activity... Declining charter rates and excess capacity have affected the financial performance and fleet utilisation of subsea and offshore players."

Ezra's proposals to waive various financial covenants that could tip it into default will be put to a vote on Nov 9. It is offering note holders $250 for every $250,000 of principal they hold if they vote in favour of the proposals before 5pm on Nov 2, and $125 if they vote favourably after that date.

Though Ezra did not give any updates on its financial situation yesterday, it said it was assessing its investment in associate company Perisai Petroleum Teknologi and the accounting impact arising from the troubled oil and gas contractor's debt restructuring.

Perisai told Bursa Malaysia last week that it was insolvent, after failing to repay holders of $125 million of its notes which matured on Oct 3. Heavily leveraged Ezra is Perisai's single largest shareholder, with a 20.6 per cent stake through Emas Offshore and another unit.

$150m The principal value of Ezra Holdings' 4.875 per cent notes issued in 2013 and maturing in 2018.

$125m The principal value of Perisai Petroleum Teknologi's 6.875 per cent notes issued in 2013 and 2014 which it failed to repay on Oct 3.

Perisai has a hold over Ezra in the form of a put option, which it can exercise to sell its 51 per cent stake in two units to Emas for US$43 million (S$60 million), should it need the cash.

Ezra said it will share updates on its current position at an informal meeting for holders of its 4.875 per cent notes next Tuesday. Ezra held cash and cash equivalents of $43.6 million as of May 31, and must pay note holders a $3.66 million coupon next Monday.

OCBC Credit Research analyst Nick Wong said potential impairments resulting from the Perisai collapse could eat away at Ezra's covenant headroom. "Specifically, Ezra had a financial covenant that required it to have a minimum consolidated total equity of US$600 million. Ezra last reported total equity of US$797.8 million as of end-May. Though the environment remains challenging, the Perisai situation would have accelerated matters."

He added that Ezra could also be seeking to restructure loans held at the Emas Offshore level, or to resolve the cross defaults that affected the joint ventures which Emas Offshore had with Perisai as a result of Perisai's default. "We will need more clarity from management regarding this before bond holders will be willing to give up this covenant."

Ezra shares closed 0.2 cent or 3.57 per cent lower at 5.4 cents after the announcement yesterday.

The Straits Times understands Perisai has been served a letter of demand from its trustee on behalf of its note holders, although the firm has not disclosed this and could not be reached for verification yesterday.

Meanwhile, Singapore saw its fifth corporate bond default here in 12 months after rig and vessel charterer Swissco Holdings missed a $2.85 million coupon payment on Sunday. Holders of at least 25 per cent of the $100 million notes filed a notice demanding immediate payment with Swissco's trustee yesterday, according to documents seen by ST.

Posted by mamatede > 2016-10-19 10:30 | Report Abuse

Not selling oil thats the issue.. no recurring income.. so risky.. only if it win contract..

Posted by beso > 2016-10-19 11:01 | Report Abuse

as i said sure drop

Posted by CUTLOST > 2016-10-19 11:42 | Report Abuse

Debt more than capital..better stay away

Posted by alvinchiam > 2016-10-19 12:05 | Report Abuse

sell.. oil related stok.. not make profit..

Posted by JoshuaMS7 > 2016-10-19 12:16 | Report Abuse

Got lowest limit for share price? Possible drop until 0.005 / 0.000 for main stock?

Posted by traderman > 2016-10-19 12:17 | Report Abuse

Got lowest limit for share price? Possible drop until 0.005 / 0.000 for main stock?

---------------------------

delisted also possible for pn17 stock if still no solution to the bond payment

Posted by albertwarrior > 2016-10-19 13:00 | Report Abuse

http://klse.i3investor.com/servlets/stk/7145.jsp