kc i think u need a rest. biosis no private placement. its nicorp go n have a good nite sleep, spend some quality time with your wife. forget abt i3 for 8 hour can or not.
Naim Indah Corporation Bhd (NICorp) is teaming up with Keloil Sdn Bhd to venture into the oil and gas industry, which would focus on the production of household and industrial gas cylinders and bottling of liquefied petroleum gas (LPG).
NICorp said on Friday the JV would be with Keloil's subsidiary Keloil-PTT LPG Sdn Bhd (KPL) and associate company Erawan LMW Industries Sdn Bhd.
The JV would seek businesses in the O&G industry and to promote and brand the LPG cylinders, while also seeking to expand the Keloil group.
According to NICorp, KPL''s core business is the bottling, bulk supply, seller and supplier of LPG gas cylinders. Its current principal market covers peninsular Malaysia.
Currently, KPL has two LPG bottling facility operations in Bukit Kayu Hitam and Bachok. KPL is a joint venture company with Petroleum Authority of Thailand (PTT) where Keloil a 60% stake.
The two bottling facilities have the capacity to bottle up to 6,000 tonnes on a monthly basis.
Erawan manufactures domestic and industrial gas cylinders for both local and export market. Its current principal market covers peninsular Malaysia.
Will wack more when it consolidate down to 0.32 n if go in now b very careful n must hv holding power , over the next 3-6 mths, TP 40 plus .......... only use yr petty cash !!
RC never go on hldy too many "sin" to watch , ha ha Nicorp has grown older n still very active , meaning now n then let out hot steam n create up trend pressure , so make sure u hold tight to the dragon tail ............. I lost count with my rounds n I am still in the game !!!
RM0.20? yes possible and the next wave depends on Datuk Raymond. He has the card up in his sleeves. It is either Harvest or Nicorp or maybe none and he will suprise you with Aglobal!!! which is cheap.
So which is which.... He has been quite for long it time...and should come back now... He is greedy... He will move all his two co's .... RM0.20? Where you hear the news?
No news but the stocks is too overvalued from its NTA and still making losses. 0.20 its is par value. Mayb RC may want to scale down and cut profit and maybe RC will see the uptrend to cut the profit on the higher scale. Watch out for the up trend in volume then surf on it and surf out before the wave retracts
If m a corporate raider I will raid a company sell it off for a handsome profit and move to another target n repeat all over it again. Sikit, sikit jadi bukit. Then you will c i m in the top 100 $$$ men LOL
To know whether the white knight RC still favors his counter see his current holding. same as NICORP. If RC still dilute his sharesholding thats end of it. U need to let go and move to more fundamental strong company.
Still high volume trading everyday but on what purposes ??? Margin on a daily basis is hardly more than 1% !!! Mayb it is volume counter where Net 0.025% is the norm , I think !!!!
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....
KC Loh
13,701 posts
Posted by KC Loh > 2012-07-30 20:48 | Report Abuse
thanks for the correction NK L. i miss the part about only 14mn shares. my apologies. I just note the last part of the bursa announcement.
Anyway, i am not a fan of the guy. i just trust numbers and any logic i could see!