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!!!

No only down,is junk stock!
Latest report with picture of rusty oil rig,unpainted,unattendaned.JUNK
Other 3 rig?I doubt never built,at the end they will say authuority rejected, customer not satisfy .
Then they say dismantled the 3 rig and the good thing is they will show u a picture of JUNK scrap metal.

Call back all my Q,sell sell sell . Buy at 1 sen ?waste time only.

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!!

target price 4sen soon.

SAAG 0.075 -0.005

Coming soon to 5cts.

i'll Q at 7 cent...

heheheheh, bondholders liquidating taking advantage of good CI climbed. But such a high volume still negative in the end. hehehehe.....

This post has been edited by alenac: Jul 20 2010, 11:42 PM

Heavy SAPUING , the price below 0.10 not going to stay long...

I suggest those who want to make money of this stock better go in now before it shoot up like a rocket.

You never fail to dissapoint me MTS.

Everytime I thought you are gone for good, sure you will turn up one when SAAG inches up.

I'm always here...

I dare the sellers to sell it down to 5 cents, only if they are still capable of doing so. lolololol

Ladies and gentlemen, the Sellers have finally reached their limits aka KAPUT once and for all...

Don't blink, rocket will be launch soon.

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

Get ready to storm the fortress, 0.08 not going to last long

Heard that like yesterday.... not going to last... meaning going pn17 or up

On 1st july Doraley's Shareholdings fell below 5% and therefore all future disposal need not be disclosed to KLSE. I think the bondholders shareholdings is almost nil by now.

bro, welcome back. How many lorry of SAAG you already pick-up lately?

TIME engr looking delicious. Manyak free cash now eh.

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

I don't know if a petition by retail investors will work in order to take over the company and liquidate it.

The Plan:
Join our shares, take over SAAG, liquidate it (net asset 0.24 = 3x current share price). Then we will stand to profit 3 folds.


If I have enough % of shares to take over the company myself, I would do it by myself. I will liquidate the company and tear it apart, sell all the assets.

I also thought about getting foreign investors from the United States to do it, they are damn good at this kind of stuff.

Even Titan was sold below NTA .

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..

Please realize that assets are valued at atleast double the purchase value and that real value could be less than 1/3 of value in the ballance sheet. The same could be for the receiveables.

In that case the share value is to high compared to the assets and liablities.


[COLOR=purple]be care full al lot of employees and their families are depending on the survival of SAAG