OCTAGON CONSOLIDATED BHD

KLSE (MYR): OCTAGON (7109)

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612 comment(s). Last comment by taijackong 2015-09-25 09:20

thesteward

6,782 posts

Posted by thesteward > 2013-11-22 15:40 | Report Abuse

why Octagon shows signs of life now?

Posted by amniInvestor > 2013-11-22 16:30 | Report Abuse

I think they buy because:

1. current price is fair price like the price before Octagon entered an agreement with OGPC Holdings in May 2013. At that time before May 2013, the price was between RM0.045-RM0.080. So current price is average. Beware, their current NTA still terrible.

2. hoping that Octagon will get the copper project soon.

JENNY6088

611 posts

Posted by JENNY6088 > 2013-11-22 21:44 | Report Abuse

嘻嘻 看起来 他们告诉我的是真的 , 不会退市 .

mataseri

601 posts

Posted by mataseri > 2013-11-22 22:30 | Report Abuse

ada change in BOD. apply for extension. if its on, win big. if not, lose all.

Posted by Wahaha135 > 2013-11-22 23:16 | Report Abuse

YES!!! INI KALI LAH!!

Posted by amniInvestor > 2013-11-23 03:24 | Report Abuse

From my understanding according to Bursa rules, the suspension of the company still in effect although they made an appeal from de-listing.

If Bursa approved the appeal, the company will not de-listing from the Market but still get suspension; no buy no sell starting 27 November 2013. Once get suspension, its take time to get back into the market.

Just be careful.

mataseri

601 posts

Posted by mataseri > 2013-11-24 10:21 | Report Abuse

they are appealing against the decision to suspend and delist

Posted by yipcoolseng > 2013-11-25 10:53 | Report Abuse

it will still get suspended even though no delisted?

polarbear

26 posts

Posted by polarbear > 2013-11-25 11:56 | Report Abuse

They already submitted the appealing last Friday. Then bursa still suspend this counter when time come?

Posted by amniInvestor > 2013-11-25 21:15 | Report Abuse

The company still get suspension even though they made appeal both suspension and de-listing.

Why still get suspension?

Because Bursa told the chance of appeal refer to de-listing although Bursa not told the company cannot make an appeal for suspension.

If there is a hidden law to get an excuse to avoid a suspension -by making an appeal from getting suspension too- then there is a hope. If not, the company just try their luck submitted an appeal from getting suspension where if Bursa give no room of appeal for this, then the date for suspension still in place.

Thats what I understand from their news.

polarbear

26 posts

Posted by polarbear > 2013-11-26 00:05 | Report Abuse

Amnil- means still no sure this counter will get suspend or not deoend on bursa decision rite?

polarbear

26 posts

Posted by polarbear > 2013-11-26 00:05 | Report Abuse

Deoend amend to depand

Posted by amniInvestor > 2013-11-26 00:23 | Report Abuse

Yes still not sure because I am not sure whether there is a room to make an appeal from suspension or not. Because in bursa news, the appeal only refer to de-listing.

Possible suspension is more than 90%.
Luckily no suspension is less than 10%.

Not de-list from market 98%.
De-list from market 2%.


My simple calculation only =)

mataseri

601 posts

Posted by mataseri > 2013-11-26 11:51 | Report Abuse

i still have some bought at 5.5sen. betting jor.

31153115

940 posts

Posted by 31153115 > 2013-11-26 13:52 | Report Abuse

delisting deferred, salty fish alive again!!!

mataseri

601 posts

Posted by mataseri > 2013-11-26 14:21 | Report Abuse

waiting.

polarbear

26 posts

Posted by polarbear > 2013-11-26 16:23 | Report Abuse

Suspend for how many days?

polarbear

26 posts

Posted by polarbear > 2013-11-26 16:24 | Report Abuse

Comfirm no delisting from the broad rite?

Posted by jacksonchoo > 2013-11-26 16:26 | Report Abuse

Patimas & Octogon who will not get delisted ??

TOTO8888

356 posts

Posted by TOTO8888 > 2013-11-26 18:43 | Report Abuse

both

okui

30 posts

Posted by okui > 2013-11-26 22:54 | Report Abuse

None

JENNY6088

611 posts

Posted by JENNY6088 > 2013-12-05 19:09 | Report Abuse

any news ?

mataseri

601 posts

Posted by mataseri > 2013-12-10 08:49 | Report Abuse

belom ada.

ST

405 posts

Posted by ST > 2013-12-10 10:32 | Report Abuse

OCTAGON - suspended with alert announcement

mataseri

601 posts

Posted by mataseri > 2013-12-10 10:41 | Report Abuse

i mean no new announcement yet.

JENNY6088

611 posts

Posted by JENNY6088 > 2013-12-16 00:49 | Report Abuse

1 more week ?

FatFLOM

195 posts

Posted by FatFLOM > 2013-12-16 23:55 | Report Abuse

maybe more

mataseri

601 posts

Posted by mataseri > 2013-12-18 09:25 | Report Abuse

next year lah kot.

stanleyong

109 posts

Posted by stanleyong > 2013-12-23 21:06 | Report Abuse

The Board of Directors of Octagon, wishes to inform that Bursa Securities had vide its letter dated 23 December 2013 decided to allow Octagon’s appeal and granted an extension of time until 18 February 2014 as requested by the Company to submit the regularisation plan to the relevant authorities for approval. Good news to note.

mataseri

601 posts

Posted by mataseri > 2013-12-24 20:31 | Report Abuse

thanks. but trading hasnt resumed?

Posted by prakash34 > 2014-01-21 17:44 | Report Abuse

guys any idea, when it will be resumed?

nighthood

52 posts

Posted by nighthood > 2014-02-18 10:28 | Report Abuse

Time is up for Octagon to submit regularization plan by today.
It is noted that Bursa hasn't approved for extension as of now.

Posted by ZZjuniorinvestor86 > 2014-02-19 09:29 | Report Abuse

i read some news about octagon in the newspaper today. the sun. maybe its a good news

investor99

733 posts

Posted by investor99 > 2014-02-19 13:36 | Report Abuse

News from Oriental Daily:

八方旺以现金及发股偿债

财经 2014年2月18日
(吉隆坡18日讯)八方旺组合(Octagon,7109,主板工业股)子公司Advanced Pyrotech私人有限公司与金融机构债权人签署债务偿还修正协议,以重组其1亿8260万令吉的债务,这也相等於该公司债务总额的80%。

在获得金融机构债权人同意修改偿还协议之下,八方旺组合目前可以展开其资本重整,集资及多元化至澳洲採铜矿业务,以便改善公司的表现。

这项偿还协议將是公司重组的关键。该公司將通过现金及发行新股,以偿还这笔总数1亿8260万令吉的债务。

现金部份为4806万令吉,其中2000万令吉將通过脱售厂房及资產获得。其余的2806万令吉则將通过公司早前宣布的集资金计划取得。至於发行新股附送凭单的部份,则佔667万令吉。

八方旺组合的重组计划包括,引入白武士马来西亚铜矿私人有限公司,將业务多元化至澳洲的採矿业务。【东方网财经】

nighthood

52 posts

Posted by nighthood > 2014-02-19 15:24 | Report Abuse

any good news to share with us ZZjuniorinvestor86?

afata08

651 posts

Posted by afata08 > 2014-02-20 09:20 | Report Abuse

INVESTOR99...please rewrite the contain...

DreamHunter

10,922 posts

Posted by DreamHunter > 2014-02-20 17:17 | Report Abuse

No extension? Oh dear

mataseri

601 posts

Posted by mataseri > 2014-02-21 16:16 | Report Abuse

DH, sini pun ada jugak?

tjhldg

27,218 posts

Posted by tjhldg > 2014-02-22 01:20 | Report Abuse

aeh si beh si ?

DreamHunter

10,922 posts

Posted by DreamHunter > 2014-02-24 09:08 | Report Abuse

MataSeri, tu la, gua ada dengar cam ada something interesting ... tapi la ni cam tenggelam ja ...

mataseri

601 posts

Posted by mataseri > 2014-02-24 09:15 | Report Abuse

yes. i think the source also tells the same story to me. but, i dont know whether they get the extension or not.

polarbear

26 posts

Posted by polarbear > 2014-02-25 00:43 | Report Abuse

When we can know octagon get extension news?

mataseri

601 posts

Posted by mataseri > 2014-02-25 11:55 | Report Abuse

tak tau la dhey

nighthood

52 posts

Posted by nighthood > 2014-02-28 10:58 | Report Abuse

extension not yet approved by bursa.
external auditors have expressed disclaimer in latest audit.

tjhldg

27,218 posts

Posted by tjhldg > 2014-03-22 01:33 | Report Abuse

kikikiii ... ada chance lagi ....

nighthood

52 posts

Posted by nighthood > 2014-03-23 11:23 | Report Abuse

extension has been approved till 28/4

mataseri

601 posts

Posted by mataseri > 2014-03-24 17:11 | Report Abuse

haha ada chance. lepak.

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