ramunia's fair value per msci pre-due dilligence was 2.5b, and per sime's proposal is now 0.23b. msci's proposal was really a smoke screen and sime is now a bail out for lembaga tabung haji.

KUALA LUMPUR (Dow Jones)--Malaysian conglomerate UMW Holdings Bhd. (4588.KU) may bid for oil and gas concern Ramunia Holdings Bhd. (7206.KU) to strengthen its oil and gas business, challenging Sime Darby Bhd. (4197.KU)'s 41 sen a share offer, the Malaysian Reserve reported Wednesday.

Citing unnamed sources, the daily said the UMW's offer will be made in "the next few days," but didn't give details.

Sime Darby is offering MYR232 million for Ramunia's assets to be financed through cash and shares if unit Sime Engineering. Sime needs only a simple majority to get the deal through.



-By Kuala Lumpur bureau; Dow Jones Newswires; 603-2692-5254; djnews.kldowjones.com

I thought Ramunia was suspended ? Reopen today ?

wow, that provides room for imagination or just another sideshow to this saga. ramunia was trading abot 1.30 for a very long time as msci was wanting to pay > Rm4 a share. 35 to 40 sen today for ramunia or is it still suspended?

looks like ramunia is still suspended ..

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Added on May 5, 2009, 8:19 pmI this few day sien sien cannot talk ler ... no mood , don't know why .... feel like I lost something ... may be I really take not enough share ler ... but boh bian la .... no money liao .....

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Added on May 5, 2009, 8:21 pmvery sad ler ..... when i see KNM move so far up and so fast ... didn't wait for me .. ..... no chance to take more ..... cheaper one ...

[/quote]

Vhonda, I used to have this feeling. Feeling is not that bad when the price drops after I bought it, but the feeling is really sucks when the price sky rocket if u did not buy what you wanted to buy. So I decided, see 'red' buy, see 'green' hold if it's a good fundamental stock... Don't know if it's correct but it suit me

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Added on May 6, 2009, 9:07 amChiak-lat, KNM is the only one turns red in top 10 active counters

This post has been edited by okw0809: May 6 2009, 09:07 AM

Wah got hope liao today

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Added on May 6, 2009, 9:08 amEPShark is fishing for roes...

This post has been edited by teewan: May 6 2009, 09:08 AM

Ya, ya.... turns green again

Someone letting go.... maybe EPShark?
I'm selling some first.

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Added on May 6, 2009, 9:11 amWah Kinstel gearing up

This post has been edited by teewan: May 6 2009, 09:11 AM

i sold my knm at .685 today .. a few hundreds of profit. .

Sold 200 lots... still got 1100 lots to go...

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Added on May 6, 2009, 9:14 amWeh... LCL already upping...

This post has been edited by teewan: May 6 2009, 09:14 AM

at what price you sold 1st 200? .. ..

I am small player only .. sold 80 lots at 0.685 and made a profit of rm400++ .. not bad for contra .. ..

Ya lor! I want to buy LCL but already up liao!

Hard to say lor...
Once CI trend down, it might go down like crazy

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Added on May 6, 2009, 9:18 amSold half at 0.685 and half at 0.69


This post has been edited by teewan: May 6 2009, 09:18 AM

LCL is a no no to me. It did not submit audited accounts by now and did not pay its staff salaries. Scary stuff.

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Added on May 6, 2009, 9:22 amT + 3 effect on KNM???? It seems many are jumping off the train.

This post has been edited by CKC (Sense-Maker): May 6 2009, 09:22 AM

Hi guys,


Be careful of this counter, Bursa may started investigating stock manipulation on KNM...like IRIS before...

Just to caution those who are over-excited.


cheers,
June

Time has changed. Speculation is the least of Bursa's worries now as its own biz is still sluggish. Any pullback will be welcome by those still with bullet and have faith. KNM's movement is by no means manuipulative comparable to what you see in overseas where prices fluctuate up and down substantially all within one same day. Like many other things in this world, it does not operate in a straightforward way. that much is true or else everybody can be rich. haha

Queueing at 0.665....

I agreed with CKC. Actually there are many more counter performed better than knm recently. I think our Bursa will be too busy to investigate them all if knm is suspected.

In that case, Bursa will have to query EPShark????

Common....