at least the only thing better about saag is that no company sue them for not paying their debts.
like vastalux and talam, all got other companies and even government for talam chasing for their debts owed.

their boss?
MD of OLYMPIA BERHAD??
but their mother company OLYMPIA doesn't seems to be performing too good..
wonder did they publish report about their mother company

well makantidursaham.
i feel that what you saying are making sense.
at least for now..
will monitor closely

means they use the shares you hold to create fake sell Q?

so why don't the SC take any action?
how about other stock broking firm and IB?
it's quite scary in the way you say about O stockbroking firm (should be IB think), they are violating our privacy and our rights severely.

This post has been edited by sjz: Jan 13 2010, 01:24 AM

for the bolded part, did you mean IRIS??
great counter, constantly get new project from m'sia gov or gov. linked company..

---

Added on January 15, 2010, 12:49 pm14/01/2010 05:57 PM

PROPOSED PRIVATE PLACEMENT OF UP TO 10%

SAAG CONSOLIDATED (M) BERHAD ("SAAG" OR THE "COMPANY")
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL
OF SAAG ("PROPOSED PRIVATE PLACEMENT")
We refer to the above-captioned and the earlier announcement made on 14
December 2009 and 28 December 2009, 5 January 2010 and 14 January 2010 in
relation to the Proposed Private Placement.
OSK Investment Bank Berhad on behalf of SAAG is pleased to announce that the
Board of Directors of SAAG ("Board") has fixed an issue price of RM0.1592 per
placement share for the second tranche of the placement shares, comprising
14,400,000 placement shares. It is not the intention of the Board to place the
placement shares to Directors or substantial shareholders of SAAG and/or
persons connected with them.
This issue price represents a discount of approximately 9.95% to the five
(5)-day volume weighted average market price of SAAG's shares up to and
including 13 January 2010 of RM0.1768.
This announcement is dated 14 January 2010.

They already got 10% discount over the share price, so even they dispose at RM0.170, 0.165 or 0.160 they still smiling..
As a smart investor, it's your call whether to buy, sell or hold...
But undeniably, the B-Q at 0.17 is insanely HUGE!
201,239 total amounting RM3,421,063.

SC say we are free to voice our opinion here but not AFFECTING OTHERS DECISION on the counter.

This post has been edited by sjz: Jan 15 2010, 12:55 PM

0.155 the safest TP, coz observe the trend, the rebounce is ahead somewhere around 0.155/0.16 level.
and rebounce TP would be around 0.200/0.205, won' go higher than that, mind you, it's within 1-2 days, after that the price would surge down GRADUALLY like they did for now..
so ....Enjoy & 'play safe'...

This post has been edited by sjz: Jan 21 2010, 01:44 AM

More new shares being issued tomorrow..
Shares become super duper diluted!!!
Check how many new shares has been issued at DISCOUNTER price..
wonder what make those director issue so much exchangeable bond without thinking of the consequences...

blame O** IB....blame O** IB!!!
It's all their fault...
dun forget they (O** IB) still got a batch of private placement pending to be issued.
DILUTED SHARES GAME>>FUN?!?!?
see can our company's share been diluted by 100%??


This post has been edited by sjz: Jan 23 2010, 12:59 PM

The Company did obtain regulatory approvals and shareholders approval for rights, EB issues as well as new issue of shares (private placement).

They tell you that issuing more shares and dilute your interest is WITH your approval..

I like the MyKad chip maker too...
stable movement...
that's what ppl used to say, never trust those expert, in this case 'expert', the analysis they suggested only about 50% accurate..

if i'm not mistaken, unlike NYSE of other market worldwide, short-selling is STRICTLY PROHIBITED in Malaysia right?
short-selling might leads to serious penalty, so i don't think there's a case of short-selling, if not SC should be taken action earlier..
From the official announcement, the situation now is -- they are selling ACTUAL SHARE (not short-selling) arisen from the conversion of exchangeable bond...
I only believe in what i see officially from BM.

it's like gambling, but based on charting, it seems to be worth the bet, because it's trading at 52 weeks low price...
around 10 cent is optimum price to enter, but this company is having a quite high gearing, also same equity/debt level, so must take precaution, but 1 thing certain is, it should not be the next PN17, because let's say you got RM10, then you lend RM9 from others, will you be sued by others for not being able to return the money??? there is money, yesss??

short selling is strictly prohibited in Malaysia right?
wonder how they can be able to do it? their remisier or stock broking firm or investment bank sure won't let them do that right?

dangerous counter....no major shareholder, except DARALEY which is the culprit here....
even CEO also hold less than 5% of share.
only 1 direction...DOWN!!! since August 2009, 1 year already....still DOWN!! DOWN!!!

what i scare is since the other 3 rig can't be built, they will claim TOTAL IMPAIRMENT LOSS, then the non-current asset - property, plant & equipment will shrink by a lot...
like the case of MEMS...i wonder how come nobody want to buy those plant, even for RM100,000??
nobody wants, i want it then!!
it worth millions when first bought!!

i'll Q at 7 cent...

u have a really weird plausible theory....
firstly, malaysia don't allow short-selling as you mentioned.
if can short-sell, i would be the first to try it on some PN 17 counter, sure earn kaw-kaw

haha....
so many lorriessss = 1 full container of SAAG's shares...
wonder what would happen when he dispose all...
seems that all of doraley's stakes has been picked up by our Mr. M's container a.k.a lorry

in fact bro, i really like your plan..
it might works...because when we look into top 30 largest shareholder, the 1st is doraley the culprit, which holds around 11% during the time the annual report comes out, then the 2nd is the current MD which holds less than 5%.....
which means most shares ARE IN THE HAND OF RETAIL INVESTOR (Investors with shares not exceeding 5%).
so if an EGM is held, this isn't impossible...

but here comes the problem...
SAAG have high debt & high receivables..
attached below is the details..
so the first thing is to ensure the receivables is recoverable..