Posted by skpetro > 2014-04-02 12:35 | Report Abuse

VOLUME HIGH BUT PRICE DROPPING.... DOWNTREND!!!

Posted by chean1984 > 2014-04-02 15:15 | Report Abuse

Why director want to dispose their share? perhaps they might not getting the langat2 project or maybe disposal of China Water Assets delay again?

Posted by tedbeh > 2014-04-02 15:30 | Report Abuse

I don't know whether my view is correct or not, basically the directors don't want the warrant holders to convert, as this will dilute 10% of their shareholdings. And the company don't need the additional shares anymore as they have sold their water assets and get back plenty of cash. My guessing is they will make sure the share price not more than 0.75 before 17 May 2014, just to deter warrant holders to convert.

Posted by skyhawk > 2014-04-02 15:44 | Report Abuse

salconair...is now in cruising speed...rdy to move UP to d next level ;D

Posted by connie > 2014-04-02 15:45 | Report Abuse

oh hawk ... :D :D :D :D :D

Posted by win_ling > 2014-04-02 19:28 | Report Abuse

i bought at 0.765.....T.T...i think need to put peti sejuk liao

Posted by Alex Yong > 2014-04-02 19:49 | Report Abuse

Salcon will move only after the expiry of the WA on 17/May/2014. so 0.750 will be capped till then.

Good luck to you all

Posted by joannelim > 2014-04-02 20:59 | Report Abuse

nothing to do with warrant. hear langat 2 already in hand.

Posted by TomJerry > 2014-04-02 21:26 | Report Abuse

In possibility . I feel it , the WA is good chances for trading ...... before the expire date . High risk : high return .

Posted by skpetro > 2014-04-02 21:42 | Report Abuse

joannelim, wher u get the news?

Posted by joannelim > 2014-04-02 21:48 | Report Abuse

market talks

Posted by skpetro > 2014-04-02 21:54 | Report Abuse

hope people aware of how a gem is Salcon

Posted by talkce > 2014-04-02 22:14 | Report Abuse

Salcon if obtain Langat 2 contract or declare a final dividend then the share price will certainly rise and WA will also be in the money before expiry.

Posted by tedbeh > 2014-04-03 10:54 | Report Abuse

Support at 0.74 and 0.745

Posted by tedbeh > 2014-04-03 11:05 | Report Abuse

On Langat 2, according to the Star's report last year, five front runners, ie, IJM, Gamuda, UEM, Ahmad Zaki and JV between MMC and Salcon. It will be a tough fight. The estimated contract value is RM1.2bil, say the profit margin is 10%, which is extremely high considering that this is a open tender, the estimated gross profit will be RM120mil, if we assume the JV between Salcon and MMC is 50:50, each of them will get RM60mil. And if the project is 3 years and work done is 20:30:50 for the first,second and third year, Gross Profit contributing to Salcon will be RM7.2mil, RM18mil, RM30mil. This is already a very optimistic projection and the actual case may be much lesser than that, even if Salcon gets the job.

Posted by billionhair > 2014-04-03 12:12 | Report Abuse

Salcon has secured it pending announcement only

Posted by skpetro > 2014-04-03 14:00 | Report Abuse

hammer formed.... lai kit liao....

Posted by weixing1 > 2014-04-03 14:24 | Report Abuse

Pls get the facts correct: it is salcon-mmc-AZRB JV.

Posted by chean1984 > 2014-04-03 14:37 | Report Abuse

don't understand how this counter play. Going up again now?

Posted by weixing1 > 2014-04-03 14:39 | Report Abuse

Look are for AZRB as well, if the langat 2 news is true, forget mmc, this jv job will no have much impact to them.

Posted by sephiroth > 2014-04-03 14:39 | Report Abuse

76.5 liau

Posted by Tessa Joseph > 2014-04-03 14:41 | Report Abuse

seph :)

Posted by sephiroth > 2014-04-03 14:44 | Report Abuse

sa by end apr 85, cheers

Posted by skpetro > 2014-04-03 20:30 | Report Abuse

looks like it

Posted by Tessa Joseph > 2014-04-03 20:45 | Report Abuse

Seph not tomorrow? :(

Posted by chean1984 > 2014-04-03 23:15 | Report Abuse

director disposed lagi http://www.bursamalaysia.com/market/listed-companies/company-announcements/1585189

Posted by tedbeh > 2014-04-04 15:22 | Report Abuse

Very strong support at 0.75

Posted by sephiroth > 2014-04-04 15:48 | Report Abuse

need titanium patience for this counter

Posted by tedbeh > 2014-04-04 16:00 | Report Abuse

certainly not for contra

Posted by chean1984 > 2014-04-04 17:21 | Report Abuse

for the past three days & today, they always ensure it closed at 0.76

Posted by skpetro > 2014-04-04 19:59 | Report Abuse

strong closing today, nice =)

Posted by joannelim > 2014-04-04 21:37 | Report Abuse

next week may shoot up atleast 80 sen,hehe

Posted by wiki123 > 2014-04-05 14:16 | Report Abuse

why? Next week they will announce langat2?

Posted by Tk Frank > 2014-04-06 00:46 | Report Abuse

ya heard they get langat 2 in nx week.

Posted by pachua > 2014-04-06 16:39 | Report Abuse

hope will break 0.80 next week...

Posted by kt99 > 2014-04-07 08:49 | Report Abuse

confirmed? than keep.. waiting to sell

Posted by stteck > 2014-04-07 11:47 | Report Abuse

sustain @ .755 is built...waiting to fly high...watchout

Posted by philipchua > 2014-04-07 12:24 | Report Abuse

already .76 la... moving moving gone!!

Posted by billionhair > 2014-04-07 13:55 | Report Abuse

next week ? thought only pending announcement

Posted by battle > 2014-04-07 15:18 | Report Abuse

emmm..bull..

Posted by sephiroth > 2014-04-07 15:49 | Report Abuse

current price of 75, co. wanna kill off warrant holders and avoid significant stake dilution

Posted by wiki123 > 2014-04-07 18:13 | Report Abuse

Federal gov finally agrees to invoke WASIA http://www.theedgemalaysia.com/business-news/283873-update-cabinet-okays-wasia-invocation-to-resolve-selangor-water-impasse.html ... here goes start of langat 2 construction... hopefully tomorrow we see upgrades from analyst... salcon, engtex, hiaptek...

Posted by Muhammad Mustaqim > 2014-04-07 18:25 | Report Abuse

start of the project can indicate that the price will rise this week..myb tomorrow can break the 0.76 barrier..

Posted by wiki123 > 2014-04-07 20:43 | Report Abuse

They did mention langat 2 to start in april. Only dont know who wins langat 2 project.

Posted by johnny cash > 2014-04-07 21:03 | Report Abuse

Salcon (SALC MK) ---------------------------4TH APRIL
Technical BUY with +15.8% potential return
Last price : RM0.760
Target Price : RM0.835, RM0.880
Support : RM0.740
Stop-loss: RM0.715
BUY with a target price of RM0.880 with a stop
loss placed below RM0.715. Following a
successful breakout on 27 Mar 14 to close
above the previous resistance of RM0.740
(now support), SALC’s share price has
stabilised within the immediate support level as
the share price is likely to digest the recent
gain. However, an uptick in RSI signals a surge
in positive momentum which may translate into
further upward movement hereafter. A positive
closing above the immediate resistance of
RM0.780 may trigger fresh buying interest,
thus potentially propelling the share price
higher in the near term. Moving forward, we
peg our medium-term target at the 1.61x
Fibonacci extension level of RM0.880.

Posted by wiki123 > 2014-04-07 21:33 | Report Abuse

From which research company?

Posted by Muhammad Mustaqim > 2014-04-07 21:55 | Report Abuse

from what i know, the langat 2 project is a four companies consortium..one of the companies is puncak..so did salcon also involve in this project?

Posted by chineooi > 2014-04-08 14:11 | Report Abuse

Salcon+MMC+AZRB is the consortium... that going to get the Langat 2 project. Letter of Award is on the way.... Quickly stock up before too late

Posted by sephiroth > 2014-04-08 16:06 | Report Abuse

share price most probably will only rise after warrants expire n become worthless

Posted by keshminder > 2014-04-08 16:24 | Report Abuse

thats all the way in may!