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.
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.
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.
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%.
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.
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....
thesteward
6,782 posts
Posted by thesteward > 2013-11-22 15:40 | Report Abuse
why Octagon shows signs of life now?