Going to see how SAAG doing, with BIG BULL charging.

The final nail in the coffin?

Doraley Asset Mgmt sells 32m SAAG shares

And The public is buying the shit! Well if it really sinks, I suppose they know what they are going into ya?

saag hv chance to drop 0.15 - 0.18, prepare ur cash to average down.

india saag stock patten is not doing good and it will be the indicator.

http://money.rediff.com/companies/saag-rr-...055/bse/6months

There are too many negative story about SAAG nowadyas either from amarteur or professional advise. But we should remember that analysts have maintained that oil and gas support services providers — including ALAM MARITIM RESOURCES BHD, KNM GROUP BHD, WAH SEONG CORPORATION BHD, SAAG CONSOLIDATED (M) BHD and KENCANA PETROLEUM BHD — will be among the beneficiaries in 2H09 with Petronas and other oil majors likely to award contracts.

This post has been edited by persie: Nov 8 2009, 08:38 AM

they include OILCORP in their list before the stupid incident happened, so analyst should not be trusted 100%, do your own analysis and understand the risk you are facing

Heard on the Street- Pref allotment buzz boosts Saag RR stock


28 Aug 2009, 0338 hrs IST, Apurv Gupta, ET Bureau

Chennai-based Saag RR Infrastructure, a subsidiary of $600-million Malaysian oil and gas firm Saag Consolidated, has been witnessing heavy buying from informed circles. The stock has gained close to 15% in the past one week.

Buzz is that the company is making a preferential allotment of about five million shares to three of Singapore-based strategic investors. The stock closed at Rs 24, up 5% over the previous close. According to brokers, the funds would be used to service the order that the firm has bagged for offshore modular workover rigs for ONGC.

When contacted, R Sriram, managing director, confirmed that the company is looking to make a preferential allotment but declined to divulge details. “The details are yet to be finalised,” he said. He also confirmed that company has about Rs 300-crore order from ONGC in hand serviceable over three years.

my friend, old news already lah. that time saag is strake to 0.3++ wat!

SAAG has enough contracts to remain profitable. It has enough contracts to remain profitable in the next two to three years. On the other hand, SAAG's exploration and production (E&P) of oil in Asia was still healthy. Btw, I've yet to buy this share. Waiting for 0.200. But seemingly hard to sweep.

This is bollywood comp so does the way they managed it.

if it breach .200 support level, then it will reach .17 & .15 pretty soon

May be can be reached this week.
http://www.bloomberg.com/apps/news?pid=206...64NADDDYA&pos=2

Better eyeing kencana, sapres, dialog than saagging.....

Can you list what contracts they have? 'coz they haven't got any for the last 18 months.
Your statement is based on your projection? or based on your believe?

I dun see any O&G related contract they have.

All the analyst is looking at Kencana, Sapcres and Wah Seong. - no SAAG even in the list, but Sealink (start with S oso la) got la.

The current cash and contract can make the company survive till mid-2010.

Saag only give 1 day siok only - like a dog chasing his tail round and round then back to open price. Q huge but not moving. Many days oredi.

Where is the champion lah ?



This post has been edited by mazda626: Nov 9 2009, 05:12 PM

went in twice this counter, 0.205 masuk 0.215 keluar < still not too bad counter. If u repeat this 10 times u earn 10 cents worth XD

i don't think saag got any contract recently, else it will be announced in the BMSB's announcements.
but then, nowadays even multi-millions contract can also be faked, check the case with OILCORP, the contract is cancelled right after the the real thing the director trying to hide is being exposed (the company got no cash at all (totally zero!!) and have multi-million debt, what they have is a fake large amount of receivables..

It will not happen many times.

Yes you can chase those stock you mentioned. To seek gain for that stock, you need mch money. If you don't, forget that. Even the share price gain ten cents a day, you get nothing if you were not a big shark one ( coz the share price is not affordable for small bilis )

exactly, you need to hold 1,000,000 min to make a profit out of 1/2cts or 1 cts. In that scenario, no stock is "useless" as long as u can make $$

and no, I'm not chasing SAAG.