I am totally confused with the private placement in SAAG.
Can someone explain the economic of this numerous placement.
How could this be done without the share holders approval. or any other
area related to this.

Can I as an individual go to the company and ask them for the private placement share?

Pity those existing retailers holder....better stay away from SAAG...this counter really 1 way ticket..!

Mayb 'Zaman Khan' is MakanTidurSaham ???!!!

lols? 'Zaman Khan' is MakanTidurSaham ???!!! Hahahaha, 50/50% chance on that...

wow...0.160~165, prelude to landslide?

This post has been edited by Sir Adrian Wellesley: Jan 28 2010, 04:51 PM

its Azman Khan, and dun put my name there... hehe, im no speaking hingrish i shark is no no.

16cts still holding the FORT. Hmm, when is 15cts?

Just to suspen U hihihi

9652 SAAG SAAG CONSOLIDATED (M) BHD
EXCHANGEABLE BONDS

SAAG CONSOLIDATED (M) BHD (SAAG OR THE COMPANY)

8th tranche of bond converted to shares.

112 mill shares gonna to be issued.


ISSUANCE BY SAAG (L) LIMITED (SAAGL), A WHOLLY-OWNED SUBSIDIARY OF SAAG, OF
UNITED STATES DOLLAR (USD) DENOMINATED FIVE (5)-YEAR EXCHANGEABLE BONDS
(EXCHANGEABLE BONDS)
We refer to the announcements made on 5 January 2010 and 29 May 2009 in respect
of the Exchangeable Bonds.
(Unless otherwise defined, all terms used in this announcement shall have the
same meaning ascribed to them respectively in the earlier announcements on the
Exchangeable Bonds)
Further to the Companys earlier announcements in respect of the Exchangeable
Bonds, AmInvestment Bank Berhad (a member of AmInvestment Bank Group), on
behalf of SAAG, wishes to announce that the eighth tranche of the Exchangeable
Bonds to be issued by SAAGL shall comprise of USD5.0 million nominal value
Exchangeable Bonds (8th Tranche).
SAAG / SAAGL have today fixed the exchange price for the 8th Tranche at
RM0.1608. Based on such exchange price and the agreed fixed exchange rate for
the 8th Tranche of USD1.00 : RM3.60, the number of ordinary shares of RM0.10
each in SAAG (SAAG Shares) into which the Exchangeable Bonds to be issued under
the 8th Tranche may be converted is approximately 111,941,000 SAAG Shares.
The exchange price for the 8th Tranche of RM0.1608 represents a premium of 0.5%
over the last transacted market price of SAAG Shares on 5 February 2010 of
RM0.16, being the market day immediately preceding the date of this
price-fixing announcement.
This announcement is dated 8 February 2010.


08/02/2010 06:17 PM


Ref Code: 20100208GA00230

This post has been edited by alenac: Feb 8 2010, 11:16 PM

15cts today. More downwards at 14-13cts soon.

Count me in or buzz me when it reached 10cts

why still steady at 15.5.???? this is confusing.. more shares, more sellers shud come out right??

Don;t worry la... will come soon. If you buy now, it will hurt u later. Bearish market for medium term.

Saag, another loss quarter, - 1 sen per share widening loss eh?


2morrow 1 sen dropped?

This post has been edited by alenac: Feb 24 2010, 10:31 PM

14cts?

SAAG records RM27.729m pre-tax loss - (24 Feb 2010)

SAAG Consolidated (M) Bhd, which specialises in servicing the oil and gas sector, recorded a pre-tax loss of RM27.729 million in the financial year ended Dec 31, 2009 compared to a pre-tax profit of RM39.475 million in 2008. Revenue declined to RM160.443 million from RM361.855 million previously, the company said in a filing to Bursa Malaysia here Wednesday. SAAG said the reduction was mainly due to lower revenue recognition based on the progressive percentage of completion method for turbo machinery/rigs, the loss of revenue from the workover rig services operation and the engineering and construction segment. "The group was not aggressive in bidding for projects in 2009 due to commitments to capital expenditure for oil and gas service equipment and this has caused a drain on availability of funds to undertake projects. "This has resulted in a drop in revenue for 2009," it said. Moving forward, SAAG said it expected contribution from the rig services segment and to maximise the returns from its workover rigs in view of the demand for them by oil majors in line with the recovery of the oil and gas industry. It said with the improved market conditions and the company's liquidity, the company was now negotiating and bidding for new projects which included proposals for offshore pipe-laying project using the Spiral Lay method, a technology owned by its subsidiary. "The contribution from these business segments, which command higher margins as compared to the other business segments within the group, is expected to contribute positively to the group's revenues," it said. - BERNAMA

Cantek la, now time to get it 10-12cts.. Nice

10 cents ma.......
12 cents also orait maa...

Why SAAG always downtrend ? What the problem?

Uh.... Maybe trying to live up to its name

Hahaha good one!

Oh No, SAAG proposed Private Placement 14,000,000 new ordinary shares again today. When is this going to end??

LoLs...it'll never end as long as there r still ppl giving them the $$$ to do so....luckily i sold dis damned counter at 0.185

this counter is f**ked up as they are issuing shares via private placement which is lower price than retail price (NOT IN SMALL QUANTITY), then sell at retail price.
we retail shareholders suffer!
SAAG s**ks~

This post has been edited by aed_ee: Mar 2 2010, 12:19 PM