Posted by investboy > 2012-02-14 16:23 | Report Abuse

i'm holding some too...

Posted by Adam Ryan > 2012-02-14 17:01 | Report Abuse

stock will fly when dato raymond buy only...then it sure go 50sen above

Posted by yewkhian > 2012-02-14 23:54 | Report Abuse

Adam: thanks but u a not helping.

Posted by yowtp > 2012-02-15 00:15 | Report Abuse

the today news about SAAG is consider good or bad?

Posted by JT1969 > 2012-02-15 00:46 | Report Abuse

With all the restructuring of debts and billions of right issues, shows that the company is in shit BUT there is hope. The hope is that for investors to subscribe at 0.10 cents, means that the stock price needs to go higher than 0.10 cents.

Posted by JT1969 > 2012-02-15 01:21 | Report Abuse

Now it's th run of third liners, if it does not participate in this run .. It would be a waste AND we probably have to wait another year provided the market does not crash ...

Posted by tomwah > 2012-02-15 07:39 | Report Abuse

wait n see today market trade ,,sure saag hit .12sen,,,

Posted by JT1969 > 2012-02-15 08:22 | Report Abuse

Hope so ...

Posted by fariz808 > 2012-02-15 10:31 | Report Abuse

pls take note SAAG total debt = RM 709,305,156.75 as at 30 Sept 2011

Posted by Syed Hidayat > 2012-02-15 13:06 | Report Abuse

how nice ist?did all the malaysian company consider debt as a gain?demn..!

Posted by Rosma mk > 2012-02-15 19:21 | Report Abuse

still hope for this counter? go find other counterla. if hv bought,keep in safe and open when rally.. ( kept nicorp for 5 yrs and finally sold with hansome profit!)

Posted by Adam Ryan > 2012-02-15 23:49 | Report Abuse

Rosma Congratulation

Posted by JT1969 > 2012-02-16 00:27 | Report Abuse

Life is full of unexpectation ...

Posted by cmlooi > 2012-02-16 06:47 | Report Abuse

Life is full of surprises.

Posted by JT1969 > 2012-02-17 01:15 | Report Abuse

No surprises but disappointment.

Posted by cmlooi > 2012-02-17 06:43 | Report Abuse

The more u borrow frm the banks, who do u think worries more? The borrower or the lender?

Posted by Rosma mk > 2012-02-17 07:05 | Report Abuse

must be the lender la, i guest

Posted by limayseng > 2012-02-17 12:53 | Report Abuse

badly run co n incurred heavy losses...asking for more money thru rts n warrants? is already a sunken ship n no salvage value anymore...

Posted by ivanlim > 2012-02-17 13:24 | Report Abuse

Hopeless company!

Posted by cmlooi > 2012-02-18 20:16 | Report Abuse

Don't worry too much about profit or how these company's run since its a sen stock. This is the perils of dealing with sen stock. That's why its that low.

Posted by khjason2001 > 2012-02-18 20:18 | Report Abuse

I have never pay a visit to this counter for a very long long time. wasting my time

Posted by Jay > 2012-02-20 08:51 | Report Abuse

Buy now before its too late.. Good news will be coming soon

Posted by yelianjin > 2012-02-20 09:43 | Report Abuse

Hi Jay ! What's the good new ?

Posted by Jay > 2012-02-20 12:40 | Report Abuse

New team and new owner will be in....

Posted by cmlooi > 2012-02-20 23:09 | Report Abuse

Probably forming a new baseline again. This counter looks like going back to sleep for another month.

Posted by JT1969 > 2012-02-21 03:10 | Report Abuse

Really ... New owners? Lost hope for this stupid counter.

Posted by shahnd > 2012-02-21 09:13 | Report Abuse

well if new owner that means good news right the debt is being recheck back, and the merging must has some good result for it

Posted by Jay > 2012-02-21 12:31 | Report Abuse

yes you are right shahnd... new project will be inject soon

Posted by shahnd > 2012-02-21 15:58 | Report Abuse

the volume has been maintain for the past week but not enough to boom pass 0.07/0.075 wonder if this week will end the same, still waiting for announcement of merging

Posted by Jay > 2012-02-21 16:01 | Report Abuse

it will take some time.... but it will goes with flying colour...i can bet with u in that.... remember when the late tan Sri Yahya take over DRB what was the price...

Posted by JT1969 > 2012-02-21 18:21 | Report Abuse

Jay, u r so confidence. So what's the target price and by when?

Posted by fakedevil > 2012-02-21 18:29 | Report Abuse

support and resistance same in 5 days already..will move soon?

Posted by yowtp > 2012-02-22 00:46 | Report Abuse

Hi, can this lose making company share move further and break 0.16sen !

Posted by yowtp > 2012-02-22 00:47 | Report Abuse

Hi Jay, do you think this share can break 0.16 sen before!

Posted by JT1969 > 2012-02-22 09:12 | Report Abuse

Penny stocks already flew .. SAAG still sleeping.

Posted by shahnd > 2012-02-22 09:41 | Report Abuse

saag always like that one....yowtp:that 0.16 where you get that

Posted by rcdahmad > 2012-02-22 10:23 | Report Abuse

I'm still confident saag will perform. maybe around .20.....

Posted by shahnd > 2012-02-22 10:24 | Report Abuse

ni rcdahmad 0.20...anything to back that up...really look into this counter, got rumors but still dont see anything yet from saag site

Posted by BM_Boyz78 > 2012-02-22 10:50 | Report Abuse

Hope it will goreng soon :-)

Posted by JT1969 > 2012-02-22 11:42 | Report Abuse

Any news? Goreng Pisang ada, bukan SAAG.

Posted by Jay > 2012-02-22 12:07 | Report Abuse

Hi JT1969 im so confident that SAAG will go more than what we expectand imigine...All the debt finally will be settled than u will see the price is going to rocket....If u see the price is still not moving...so u shold know what is the sign....but its not going to heppen in very near....take sometimes too....TP above a dollar. Can collect and keep...

Posted by shahnd > 2012-02-22 12:19 | Report Abuse

wow jay...really long term above dollar...

Posted by Jay > 2012-02-22 13:17 | Report Abuse

yup that is what been told to me by the insider

Posted by rcdahmad > 2012-02-22 14:39 | Report Abuse

wow... if that is the case. I'll hold it for another 2 years..... @ until it reach 0.5... he2

Posted by shahnd > 2012-02-22 14:48 | Report Abuse

oho long term investor you are :D

Posted by JT1969 > 2012-02-22 15:04 | Report Abuse

Hi Jay, thanks for the update. But if we r to clear the debts, we have to pay fo the rights .. not too sure I want to come out more $$ for SAAG and have waited about 2 years already ...

Posted by cmlooi > 2012-02-22 21:28 | Report Abuse

This counter is trending upwards. Making higher lows. Hope it continues. Probably rather sloooooooowly.

Posted by shahnd > 2012-02-23 08:48 | Report Abuse

well there are in the good terms it seems, manage to get loan restructuring giving them more air to breath for the income

Posted by JT1969 > 2012-02-23 11:25 | Report Abuse

High volume but price still no movement. Same old shit!

Posted by Jay > 2012-02-23 14:39 | Report Abuse

SAAG Consolidated (M) Bhd (â??SAAG or â??the Company)
- Proposed Debt Restructuring by SAAG Group in respect of facilities from AmBank (M) Berhad (â??AmBankâ??), Export-Import Bank Malaysia Berhad (â??EXIM Bankâ??) and Collateral Loan Obligation Holders (â??CLO Holdersâ??) (collectively â??Loan Creditorsâ??) as at 31 December 2011 (â??Proposed Debt Restructuringâ??)


We refer to the announcements released on 13 February 2012 in relation to the Proposals and the Proposed Debt Restructuring.

In this connection we are pleased to advise that AmBank, vide its Offer letter (â??Offerâ??) dated 16 February 2012, has approved the Proposed Debt Restructuring subject to terms and conditions therein. The Board of Directors of SAAG have reviewed the said offer letter and agreeable to the terms and have today signed and accepted the terms provided by AmBank.

Subject to the terms of the Offer, the aggregate sum owing to AmBank as at 31 December 2011 (â??Cut-Off Dateâ??) shall be restructured as follows:

(i) Waiver of penalty interest as at the Cut-Off Date and accruing after the Cut-Off Date;
(ii) Revision in interest rates to AmBankâ??s 3 monthsâ?? C0F+1% or Exim Bankâ??s 3 monthsâ?? COF +2%, whichever is higher, with such interest rates continuing to Implementation Date;
(iii) Any remaining Fixed Deposits / Escrow Account monies shall henceforth be uplifted / withdrawn to reduce the outstanding balance;
(iv) Any costs, charges and expenses incurred after the Cut-Off Date shall be added to the amount outstanding and shall form part of the debt to be restructured;
(v) SAAG shall, on or before Implementation Date, effect or cause a payment of RM135.7 million to AmBank towards reducing the aggregate debt owing.

The balance loan outstanding, after taking into account (i) to (v) above, shall be restructured into a 7-year term loan to SAAG Consolidated (M) Bhd (â??Restructured Debtâ??). Detailed terms of the Offer and the Restructured Debt shall be included in a Debt Restructuring Agreement to be entered into between SAAG and AmBank before 30th April 2012.

SAAG shall also issue up to 1.15 billion warrants to AmBank which shall serve as an additional source of repayment of the Restructured Debt. These warrants shall be subject to a Call Option to be executed on terms mutually acceptable to both the option holder and AmBank.

The Proposed Debt Restructuring envisages the restructuring of debt owing to AmBank which is currently short term in nature. The effect of the restructuring would assist the Companyâ??s daily operations by significantly reduce interest cost, improve gearing ratios and liquidity of the group.

Therefore the only approval outstanding is that of the CLO holders (AllIance Bank Berhad).

This announcement is dated 22 February 2012.