On Friday,28/11/14, local funds have bought/sold net gain of 48.7m although mkt did gapped down -9pts after OPEC meeting. Can't really see the connection unless other local funds except EPF were buying.
@pdtan, would u reckon if EPF will be approached on this ?
Malaysia 1MDB plans Jan meetings with investors for RM10bil energy IPO
Thursday, 4 December 2014
KUALA LUMPUR: Heavily indebted 1Malaysia Development Bhd (1MDB) is planning meetings in January with potential cornerstone investors for the US$3bil(RM10.33bil) initial public offering of its power business 1MDB Energy, said sources familiar with the matter.
The IPO is aimed at helping the state investor reduce a debt burden that exceeds US$11bil. Plans for the sale had been delayed several times, bankers said, due to a longer-than-expected due diligence process and debt refinancing negotiations.
Raising US$3bil could place the 1MDB Energy IPO as South-East Asia’s fifth biggest listing ever, according to Thomson Reuters data.
“They are planning to go all the way out to even London and New York to meet investors,” said one of the sources yesterday, adding that there was no minimum investment threshold for cornerstones.
The investors that 1MDB planned to approach include Lembaga Tabung Haji and foreign investors such as Blackrock Inc, Aberdeen Asset Management and Abu Dhabi fund Mubadala, according to the sources.
1MDB officials declined to comment.
Almost half of the IPO offer would be allocated to institutional investors including cornerstones, the sources added.
“Book-building will come thereafter, in January or February,” one of the sources said.
The company has already hired Deutsche Bank and Maybank as joint global coordinators. Goldman Sachs is the main adviser for the IPO while Ambank and Maybank are also advising. — Reuters
Just read its Bursa announcement recently. Realised that the disposal is really depends on the outcome of due dilligence and other pre-conditions. Meaning they still can abort the deal anytime they want as the deal is not final yet. Hopefully it is not a wayang kulit to lure people to chase high. Price has gone up 1 fold, quite risky. It is more like a goreng stock. Becareful
Posted by pdtan > Dec 5, 2014 03:18 PM | Report Abuse X
Latest: No1 KLCI : 2.30pm just cut above the MA20 /mid BBline of 1749/1750, no widely expected "black klse friday" bloodbath or klci massacre (20-40 points qouted elsewhere) by EPF contractors, probably they are so tired/worn out by the week-long DUMPING of EPF CONTRIBUTORS' shares as disclosed/announced through Bursa announcements of Nov27,Nov28 Dec01, Dec03. Furthermore, today a holy praying friday!!!! How can a good religious followers corrupt his bodies and souls on such a HOLY day and do his mandatory prayer,you tell me??? The sinful and guilt feeling would be enough to endure through the short week end (Sat & SUN). Remember as i have projected earlier so far only half (50%) of the slashing and burning of EPF shares/KLCI been done, Next week will be the next instalment of the balance 50%..... what a sinful a wicked and unredeemed life!!!
Posted by pdtan > Dec 5, 2014 04:00 PM | Report Abuse X
@Calvin/Tiberian@Acb123@seb5@orionpacific@noman et al.,
Look like what we just said yesterday is coming through! :
------------------------------------------------------------------------- Posted by pdtan > Dec 4, 2014 04:13 PM | Report Abuse X
@Calvin : Why a call of IFCAMSA to 1.18 is legitimate!!
"...................................................... next 2 days continuous push to 0.89, and to continue to form the 3rd peak as in 09Oct to 16Oct around 0,49. "
-------------------------------------------------------------------------- Posted by pdtan > Dec 4, 2014 04:40 PM | Report Abuse X
KLCI will still CRASH down the next 6 days becos of EPF contimous bombardment (my posting elsewhere) but IFCA now at 0.75 is a trading buy call!! ============================================================= Posted by pdtan > Dec 4, 2014 04:59 PM | Report Abuse X
@Orion.....by 10nov next wed IFCA hit 0.89 we celebrate with a beer, ok?
Posted by sengkee > Dec 4, 2014 09:26 PM | Report Abuse
Are you sure tomorrow will boom? I am waiting at 66 below. Hopefully can get mine before go up
------------------------------------------------------ You most probably cannot get 0.66 on the way up......0.765 maybe briefly on opening bf it piss up to 0.80--0.82---0.84 and next day 0.89-0.92......
So if you insist on buying on your fixed price, you should wait after Xmas Dec25, i think by then you MAY get plenty.....
@sengkee-- sorry the above post is about IFCAMSA and not MEGB......the fact is MEGB Black-hand has been so traumatised by recent spates of EPF dumpings and slashings of klci, its chart-momentum has developed constipation and its owner may have piles, so the immediate breathing-window next mon-tue provided by EPF contractors, you can only see a 0.07 cents rebound, but 0.15 retracement. save your money until dec16-18 to do your cheap2 bargain hunting,,,,,
Repost from IFCAM pdtan @Orion/noman/ et al : What/who is the "EPF Contractors" ?
"EPF contractors, ........ DUMPING of EPF CONTRIBUTORS' shares ............................................................. as i have projected earlier so far only half (50%) of the slashing and burning of EPF shares/KLCI been done, Next week will be the next instalment of the balance 50%..........."
I wonder what yours understanding of these creatures are................I believe it's all important and crucial .....it "MAY" all be "THE TRIGGER" of a YET-TO-HAPPEN ATTACK ON KLCI & FX......
IF possible please enlighten with web references (like seb5)..see whether we can find a way to avoid it....
cassyee Pdtan. U mean megb rebound 0.07 sen After will go more Lower? Thank 05/12/2014 19:45 ------------------------------------------------------------------------------------------------------ MEGB chart behaviour since Nov28 has greatly altered its own momentum-dynamic. It's cowed performance (so unlike IFCA-as if handled or driven by some half-past six- so unlike the highly glorified gold-finger the media blared out to be) .
This bad-hand is telling me that the next 2 days' rebound may be capped under 0.10-0.07, unless it can overshoot this limit,and goes against the trend ( KLCI expected to continue its downward PLUNGE for 1-2 weeks towards Xmas/ end Dec....you just have to keep yourself abreast with the bursa announcements of epf disposal each day to watch the intensity and the ferocity of EPF dumping)
I would rather MEGB do the reverse : stay tight range for 3 days ,squeeze the BBands and burst open thur-friday and do a new high monday after. This may be high hope. MEGB handler is like having a sudden attack of erectile dysfunction after watching KLCI breaking some important supports. Suva need vigra for a week, and I am turning cautious.
To me every chart tell a story-- i hope there is no change from both sides (old and new parties on the deal) in the face of a much feared KLCI crash beyond 1600-1700--nobody outside know how much epf is selling n how much cash it is raising from the market.
Scenario One : Suva_Vasu unperturbed by EPF dumping on KLCI (without Market Scare like IFCAM/YGL ) MEGB Price Behaviour from Nov27-28 till Dec05 Projected Share Prices(Unperturbed) 0.80 to 0.92 Historical Share Prices(Perturbed) 0.80 to 0.675 Difference/Loss Nov27-28 till Dec05=0.92-0.675=0.225
Scenario Two: Suva_Vasu With Market Scare next 7 Tradingdays Dec08-Dec16 Projected Share Prices Without Vigra 0.675 to Peak 0.75 then Close 0.68 Projected Share Prices With Vigra 0.675 to Peak 0.85 then Close 0.84 Price Difference with/withou Vigra 0.84-0.68 = 0.16
Scenario Three: Suva_Vasu With the Deal Announcement during Dec08-Dec16 With Deal 0.675 to 0.95 1st Peak(only) Without Deal Without Vigra 0.675 to 0.75 Without Deal With Vigra 0.675 to 0.85 You work out the Differences
Nomanland/Orion : I have headache too after such analysis.
But mind you, this is a serious research topic in top American/European Business/Finance Schools,may not be in the wild-chicken ones here, that's why seldom mentioned, rarely known.
It would normally be discussed under headings: Behavioural Finance_Efficient Market Hypothesis_Imperfect Market_Manipulative Behaviour
But for the bilis (like cassyee and me) in KL, these combinations and probability would show the complexities and price (change) behaviour facing the (Sharks/InvisibleHands or nicer-official term) "marketmakers".
It is very hard trying to earn the few hundred dollars in life......
@cassyee, still stuck at 0.54. I am ignoring it until oil price is stabilize. Actual it simple once you understand how the volume and price movement. And some mathematics and analytical minded. ;) Sometimes, I also get the headache when looking at it. Cassyee, if you have time, please learn some simple technical charting skill. This will benefit you.
@pdtan, reverse started on 24/25 November. Look at the right angle turn FVE(55/31/21). I didn't fine tune the chart for megb. I just dump the data in, see the chart and publish it.
Mk123, this u need decision by self, like nomanland say. if u below 0.58 still consider safety.. btw u self look c look c. Don't greedy of tp price, if want greedy to waiting reach the tp. Just ignorance us :)
Savvy funds are still quitely collecting MEGB. It's a steal @ 0.675. Just look at Dr. Nazri Khan's recommendation on 6 Dec 2014, Saturday in the following link under "KLCI to stage oversold rebound" :-
When you own or take responsibility for your feelings...you place yourself in a position of power and control...cherish your own emotions but NEVER undervalue them...the sign of a successful investor is their ability to control emotions by the application of reason...
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....
sengkee
2,060 posts
Posted by sengkee > 2014-12-04 13:15 | Report Abuse
Waiting at 0.66 and below. This afternoon might happen like yesterday . Heavy selling in the afternoon