target 5 sen for Buy! hehehehehe

SAAG main shareholders have the habit of repeatedly doing share split, right issues, bonus issue, convertibles debt, private placement.

Besides, by telling other shareholders theoretically the company has projects to be busy on but in practice hasn't sufficient funds to take them on, it highlights a fact that the Company's cost control, project management and stragtegic planning has been poor. Having assets but no cash means assets (espeically those current assets) may be inflated beyond their fair value.

Like what KNM is facing, the oil industry's rules of game have changed. Big projects and big margins have been gone for quite a while. BRACE, BRACE.

let the company go bankrupt, everyone crying. the stock mampus kaw kaw...... not need to think so much. All die ... stock reach the new low at 0.05 cent, ha ha ha ...

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Added on March 9, 2010, 8:36 amhttp://biz.thestar.com.my/news/story.asp?file=/2010/3/9/business/5819837&sec=business




This post has been edited by sampool: Mar 9 2010, 08:36 AM

Good... already queueing at 10 cents... come to me...

when is the next tranche of private placements coming??

This post has been edited by verbatim: Mar 12 2010, 09:25 AM

yo...goreng gurus...when to enter when to exit?

hahahah theoretical target is 5sen. Last TT set was by zaman but it passed by without effort. By June all bonds issued would be finalised so according to another report.

Asked urself at what juncture would u trust the directors words in the latest press report?

For me I would looked at the money, that is dividend commitment, and how they proposed to turn around the company instead of telling everybody, we need working capital as our industries are capital intensive. Its like stale news being churned out by every conman. Just giving fact of how many rigs to start commissioning is just not enough. The directors got to give the figures. Telling half the info and not giving the other half is not transparency.

This post has been edited by alenac: Mar 12 2010, 08:50 PM

5 sen? wow..maybe hv to wait another 6 months? or maybe will game over to 5 sens really soon?

so, the conclusion is jz wait for 5 sen then enter? exit at when?

THNX Guru in advance

Its just a theoretical Targetlah. With bonds being converted at anytime, who is going to buy, its harakiri.


Still at 5 sen per share, the company is worth RM75 million!

This post has been edited by alenac: Mar 12 2010, 09:09 PM

SAAG's total asset is worth 24 cents per share, if the company goes through a liquidation process right now, anyone who bought the share at 12 cents will profit 100%.

Big fish are SAPUING like crazy right now...

Isn't it amazing how the owner can devalue it's company's share price to a value so low by constant dumping shares? The share right now is unbelievably cheap. The closer we are getting to the end of this painful chapter of illegal share issuance/short selling, the more big fund managers will be interested of getting in.

Watch out, this stock will shoot up like a big rocket very soon.




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Wah, U tidur for so long aaarh? U should start buying firstlah, lead the way if u r so confident. Show us ur transactional details here.

NTA of 24 sen can also be supported by unproductive assets.

What not target at 36sen, 48sen or even 60sen?

This post has been edited by alenac: Mar 12 2010, 11:35 PM

I bet everyone want to know how much SAAG shares he has.

no sh|t, I target 18cts, Makan Tidur target 30cts. Then I revised to 15cts, now its 10cts. It may go as low as 7.5-8cts. At that juncture, I will enter. Anything below 10cts is okay, can buy few lorry.

Boss, every time u place the same word. Copy and paste kah?

10cts is a good bet

Already programmed to buy at 10 cents, everyday... waiting...

me too waiting at 10 cents....

Hi zaman, shouldn't we wait for the last of all conversion and private placement be over b4 going in. As bond conversion price and private placement price are being lowered to market price as conversion is being done in tranches.

This counter wil drop below 10c?

Short sellers no where to be seen, lol.

Don't blink, immediate target for this stock will be 0.15-0.20.

tats mean no need to wait until 10c lol,
q at 0.115 x 300lots now...

so u get it today?

Yes, bought 300Lots oh, so we wait for 0.150 LoL, haha..