Guys, Scomila is better alternative to SAAGlah. Got interest every quarterly at 4% per annum. Conversion to mother without putting in more money. Price now at 11 sen. If price of oil above 90 usd, this counter will fly high.

Big fish get share placement and sell in open market. Did he made a loss this time?Question is why Azman khan only get private placement shares? Why not existing shareholders? Maybe right issue for SAAG may not be underwritten by the banks cos the company is not bankable lah.



9652 SAAG SAAG CONSOLIDATED (M) BHD
Notice of Cessation of Substantial Shareholder (29C)

Particulars of Shareholder 39

Name : Azman Khan Bin Hakik Khan
NRIC/Passport No./Company No. : 740303-10-5365
Nationality/Country of Incorporation : Malaysian

Address:
No. 41, Jalan Baru,
43000 Kajang, Selangor

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


Name and Address of Registered Holder:
You are advised to read the full contents of the announcement or attachment at
http://www.bursamalaysia.com.


Details of Changes

Date of Notice : 15/04/2010

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 02/04/2010 Disposed 5,000,000 -


Circumstances by reason of which change has occurred:
Sale of shares in the open market - Deemed interest by virtue of his
shareholding in Nov' Eight Holding Sdn Bhd pursuant to Section 6A(4) of the
Companies Act, 1965.

Nature of Interest:
Indirect

Consideration:



No of Shares Held After Changes:
Direct : 0 shares (0.0000%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 0 shares

Remarks:
N/A


Submitted By:
Vijeyalatha a/p V. Rajaratnam

This post has been edited by alenac: Apr 20 2010, 06:26 PM

That's the problem with malaysian market, share like SAAG are likely to be manipulated. So guys look at prospective earnings/ or forward earnings to buy. If not u get fuc#ed. Just imagine if u were to buy at 20sen few months ago. What r u gonna to do?

So if call or put option is available, then the issuer could go bust with the way the management of SAAG f*uc*ed their own shares.

This post has been edited by alenac: Apr 22 2010, 09:24 PM

I dun know about u guys. The more I think about it, I think the management has a target price to start to collect back at dirt cheap price but I dun think at 11 sen. If they are targeting to buy back and obtain controlled at cheap price the next quarter results should panic all kucing kurap shareholders to shit red blood.

This is my hunch. I could be right or not, I dun know, time would tell.

See, the lead Azman khan sell till zero.

This post has been edited by alenac: Apr 22 2010, 10:51 PM

fu@k 0ld news, looks like first quarter would be bad.

If u asked others to Sapu, Postlah ur holdings in this company. Or else Makan tidur tipu!

Persie, I dun have any holdings in SAAG. So no history with it. But just to warn u guys. Let me just say that I know people who ...........

Satu lagi penipuan by makan tidur, no rights issues but EB and Private placement still ongoing untill May. They can't issue right since 2007 cos share prices moving south all the time! So they cancelled it. Therefore the shares prices are expected to weaken further once more shares are issued.


"The company has about RM550mil worth of contracts in its order book, which will keep the company busy up to 2012. The company had in December 2007 announced its requirement to raise additional capital through rights and exchangeable bonds (EB) issues to meet its various capital requirements.

Due to the economic downturn, SAAG was unable to raise capital through the rights issue. It has only been in tranches that the EBs have been issued. To date, US$45mil of the EBs have been raised from the total of US$60mil. Meanwhile, the rights issue was supposed to raise a total of RM200mil.

"The company is also now in the midst of completing its 10% private placement at an issue price of 14 sen for the third tranche of the placement shares, comprising 14 million placement shares.

The issuance of the EBs and the private placement should be completed by May,” said Anand."

This post has been edited by alenac: Apr 26 2010, 10:13 PM

Looks like further shares issues as SAAG made an extension to Nov 2010. Another Big lie by the director, that further share issue will stopped at end of May 2010.



9652 SAAG SAAG CONSOLIDATED (M) BHD
EXCHANGEABLE BONDS ISSUE & RIGHTS ISSUE

SAAG CONSOLIDATED (M) BHD (SAAG OR THE COMPANY)
(I) EXCHANGEABLE BONDS ISSUE
(II) RIGHTS ISSUE
We refer to the announcement made on behalf of SAAG by AmInvestment Bank Berhad
(a member of the AmInvestment Bank Group) (AmInvestment Bank) on 10 July 2009
and 23 April 2010 in relation to the above matter.
AmInvestment Bank, on behalf of the Company, is pleased to announce that the
Securities Commission has, vide its letter dated 10 May 2010 (which was
received on 11 May 2010), granted an extension of time up to 9 November 2010
for the Company to complete the Exchangeable Bonds Issue.
This announcement is dated 11 May 2010.


11/05/2010 05:18 PM


Ref Code: 20100511GA00058

SAAG all time low today! 9.5 sen, target 5 sen. Bad Q results will drive it down further.

Guys Makantidur has little knowledge of what is short selling. He kept on shouting about illegal short selling hoping this counter would react positively. But the more he shouts the worst it gets.

This post has been edited by alenac: May 20 2010, 12:02 AM

Another theory by makantidur, that company will buy back shares. if they can buy back shares then they can pay bond hoders then. Instead of the bondholders converting and selling in open market. The coming Q results will determined the direction of SAAG price, at the moment the downside risk is much higher.

Makantidur quote,

"This is blatant fraud!!!!!"

lagi2 fraud. It's caveat emptor lah.

Target 5 sen! possible?

This post has been edited by alenac: May 22 2010, 10:34 PM

Going by Fun manager's criteria, they will looked into 2 quarters results b4 moving in. Looked at SAAG turnover its declining. Also looked at past press release by its management. If I am not mistaken they said they have millions of ongoing projects in hand, why are they not completed and revenue recognised? Or is it that they r having problems completing them, left as inventories carried forward year to year.

Anyway I haven't checked their latest quarter results. But i did commented last year especially on their inventories below:

"I suspect SAAG 300 mill inventories could be overvalued or fakes. Unusually high inventories points towards past quarters or years of profit manipulations ( to sustain share prices) from actual losses.

High amount of borrowings could also mean that their acquisition costs of control over the management of the company from the previous major shareholders has been transferred to the company. Hence the high costs translated to high inventories to enable window dressing the results. One think about magic, it only last for a while as the truth will finally prevailed or the balloon will have to burst as the pressure is insurmountable."

This post has been edited by alenac: May 26 2010, 09:29 PM

Its interesting to see how the board of directors faced the shareholders in the forthcoming AGM. Are they going to keep on lying to shareholders? I hope a shareholder will ask the directors why they are not holding substantial shares in the company if the prospect of the company is good.

Bonds holders liquidating below par.


9652 SAAG SAAG CONSOLIDATED (M) BHD
Changes in Sub. S-hldr's Int. (29B)

Particulars of Shareholder 36

Name : Doraley Assets Management Limited
NRIC/Passport No./Company No. : 1419929
Nationality/Country of Incorporation : British Virgin Islands

Address:
P.O. Box 957
Offshore Incorporation Centre
Road Town, Tortola
British Virgin Islands

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


Name and Address of Registered Holder:
You are advised to read the full contents of the announcement or attachment at
http://www.bursamalaysia.com.


Details of Changes

Date of Notice : 10/06/2010

Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 02/06/2010 Disposed 4,000,000 -
2. 03/06/2010 Disposed 3,000,000 -
3. 04/06/2010 Disposed 1,600,000 -
4. 08/06/2010 Disposed 29,424,200 -
5. 09/06/2010 Disposed 22,362,800 -


Circumstances by reason of which change has occurred:
Disposal of shares

Nature of Interest:
Direct

Consideration:



No of Shares Held After Changes:
Direct : 132,584,880 shares (7.3400%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 132,584,880 shares

Remarks:
N/A


Submitted By:
Vijeyalatha a/p V. Rajaratnam


11/06/2010 06:21 PM

Date Turnover Dorealy records of disposal in june 2010
01-Jun-10 70,712
02-Jun-10 56,661 2/06/2010 Disposed 4,000,000
03-Jun-10 74,962 03/06/2010 Disposed 3,000,000
04-Jun-10 28,542 04/06/2010 Disposed 1,600,000
07-Jun-10 45,492
08-Jun-10 597,352 08/06/2010 Disposed 29,424,200
09-Jun-10 421,853 09/06/2010 Disposed 22,362,800
10-Jun-10 48,813
11-Jun-10 69,417
14-Jun-10 120,555
15-Jun-10 89,866
16-Jun-10 159,623
17-Jun-10 29,618
18-Jun-10 76,142 18/06/2010 Disposed 3,400,000 -
21-Jun-10 143,962 21/06/2010 Disposed 10,000,000 -
22-Jun-10 145,649 22/06/2010 Disposed 7,000,000 -
23-Jun-10 138,935 23/06/2010 Disposed 10,500,000
24-Jun-10 273,210 24/06/2010 Disposed 19,500,000
25-Jun-10 115,289
28-Jun-10 53,312
29-Jun-10 475,679 Possible disposal but not disclosed to KLSE as yet
30-Jun-10 102,977

This post has been edited by alenac: Jul 2 2010, 10:56 PM

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

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.

5 sen is achievable? At 5 sen its still worth RM 90 mill.

This post has been edited by alenac: Aug 4 2010, 01:18 AM

Top ten in vol, but buy rate only 4%.

This post has been edited by alenac: Aug 11 2010, 09:10 PM