yeah~

what a relief puuuhh.......at last 0.30/0.305

tonite i want reward myself with sup ekor ngeh ngeh ngeh....

SAAG has high D/E ratio. Just invest with caution. DynaQuest forecasted a lower EPS of 4.0 sen for this stock.

now the price is RM0.285, any TP for this counter?
i just loaded more at 0.285, hope it will rise soon.

30/07/2009 ==== SAAG CONSOLIDATED (M) BHD
Changes in Sub. S-hldr's Int. (29B) - V-Quantum (M) Sdn Bhd

==== 30/07/2009 ==== SAAG CONSOLIDATED (M) BHD
Changes in Sub. S-hldr's Int. (29B) - Kuan Kien Chou

==== 30/07/2009 ==== SAAG CONSOLIDATED (M) BHD
Changes in Sub. S-hldr's Int. (29B) - Ee Chee Beng

--- 3 major shareholder, after converted warrant 8mil shares each,
sell immediately 10mil shares each.

I doubt your ability to read & understand the announcement.
actually it's just 1 transaction involving V-Quantum (M) Sdn Bhd, pls read carefully or you can always ask lots of sifu here before you simply post misleading reply(s), i am not a sifu but i know how to read the announcement.
the other 2 name listed there Kuan Kien Chou & Ee Chee Beng probably is the director of V-Quantum (M) Sdn Bhd as they having indirect interest to those shares.

This is the details of the announcement dated 30th July 2009
1. 15/07/2009 Disposed 5,500,000 -
2. 16/07/2009 Disposed 5,098,700 -
3. 21/07/2009 Others 8,010,800 -

But in fact this is not a new news already, this company had started to dispose shares from 8th July 2009.
V-Quantum (M) Sdn Bhd
Date of Notice : 16/07/2009

Transactions:
1. 06/07/2009 Others 6,600,000 -
2. 08/07/2009 Others 4,700,000 -
3. 08/07/2009 Disposed 4,000,000 -
4. 13/07/2009 Disposed 5,000,000 -
5. 14/07/2009 Disposed 2,500,000 -

Btw, since when holding
5.21% of shares of a company can become MAJOR SHARE HOLDER as you suggested???

V-Quantum (M) Sdn Bhd
Direct : 40,779,800 shares (5.2100%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 40,779,800 shares

---

Added on August 1, 2009, 1:04 amNow i know why the price of SAAG didn't move up but moving down yesterday.
It's because of the same culprit. :mad:
If they stop disposing on Monday, i'm sure that the price will move up.
Why?
30-Jul-09 SAAG V-Quantum (M) Sdn Bhd Disposed/ Others 18,609,500 40,779,800
30-Jul-09 SAAG Kuan Kien Chou (deemed interest) Disposed/ Others 18,609,500 -
30-Jul-09 SAAG Ee Chee Beng (deemed interest) Disposed/ Others 18,609,500 -

This post has been edited by sjz: Aug 1 2009, 01:05 AM

Thanks SJZ......baru kita faham. Sorry i'm newbie..

Can any sifu pls explain this to me?

Seems that some overseas company (from Seychelles) are interested in SAAG's share too.
They just get 12.14% of SAAG's share thru
Subscription of shares arising from Exchangeable Bonds
If more company like this bought the share, then we will be extremely glad.


9652 SAAG SAAG CONSOLIDATED (M) BHD
Notice of Interest Sub. S-hldr (29A)

Particulars of Shareholder 38

Name : Stafford Investments Limited
NRIC/Passport No./Company No. : 034104
Nationality/Country of Incorporation : Incorporated in Seychelles

Address:
1st Floor, # 5 Dekk House
De Zippora Street, P.O. Box 456
Providence Industrial Estate
Mahe, Republic of Seychelles

Descriptions (Class and Nominal Value):
Ordinary shares of RM0.10 each


Name and Address of Registered Holder:
Citigroup Nominees (Asing) Sdn Bhd
Pledged securities account for Stafford Investments Limited
Level 44, Menara Citibank
165 Jalan Ampang, 50450 Kuala Lumpur


Details of Changes

Date of Notice : 31/07/2009

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 23/07/2009 Acquired 108,391,000 -


Circumstances by reason of which change has occurred:
Subscription of shares arising from Exchangeable Bonds

Nature of Interest:
Direct

Consideration:



No of Shares Held After Changes:
Direct : 108,391,000 shares (12.1400%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 108,391,000 shares

Remarks:
N/A

Mission, Vision, and Code of Ethics

Stafford Investments, LLC is a Limited Liability Company investing primarily in real estate. We have achieved outstanding financial results by requiring that properties produce above average cash flow AND appreciation. We research opportunities using “buy and hold” and “counter cyclical” methodologies. Our current areas of interest are single family, multi-family, and commercial real estate ventures.

so "buy and hold" concept being applied on SAAG will works?
then the price of SAAG will rise definitely, since overseas company choose their investment counter based on a strict criteria.

oil surpassing usd70, this one will follow suit.

i hope so too...
but both O&G counter i hold OILCORP & SAAG performed quite badly today, afternoon session dropped to 0.275 but luckily before closing it recovers back to 0.280, down 0.005.
tomorrow should be a good day, DJ is green although not obvious &
Crude Oil $71.42 ▲1.97 ▲2.84%
some more overseas investors also evaluate this counter highly, that's why the bought 12+% of company's share, purely for "buy and hold" strategy, they have no interest or whatsoever will to control this company.

but what was the warrant announcement this morning?

today CI is green but it doesn't seem to be a good day for penny stock..
SAAG dropped to 0.275 earlier but later on recover a bit to 0.280.
hope afternoon session will be better

not today only, everyday also like this. CI move high up, penny stock move side way. CI down penny stock move down too....

any ppl have any idea what's happening to this counter lately?
how come share price dropped to 0.270 and even 0.265 low?
i bought mostly at 0.285-0.290 la.

---

Added on August 5, 2009, 11:38 amAny relationship with these???
Off Market Direct Deal

NAME_PRICE_VOLUME_PRICE(RM)
Mon Aug 03, 2009
9652 SAAG _ 0.30 _ 300,000 _ 90,000

Tue Aug 04, 2009
9652 SAAG _ 0.29 _ 200,000 _ 58,000

This post has been edited by sjz: Aug 5 2009, 11:38 AM

I dont think this is a Seychellan company. Seychelles is just a small island resort in the middle of the Indian Ocean. I belief that it must be an American or European company that is taking advantage of the tax heaven status of the island to incorporate the company. Many small island resorts like Seychelles are famous tax heavens especially the caribbean islands

---

Added on August 5, 2009, 9:29 pm It baffles me big time as well. It seems that all the oil and gas counters in the country are bucking the trends lately. There is also lack of interest lately in these counters

This post has been edited by taxpayer: Aug 5 2009, 09:29 PM

M still holding this stock...just waiting for it to move up slightly to unload it...really not active lately

I got close to 100K lots of SAAG. ABP at 0.335

Come on, move it already.