0.245 is strong resistance, after break and sustain for 1-2 week, it can reach 0.30.

Crude Oil Now 78+.....

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Added on October 16, 2009, 12:43 pmToday definetly light green/red


This post has been edited by yang yang: Oct 16 2009, 12:43 PM

Today's Analysis

Visible interest of buying at 0.235, building strong base and support at 0.230-0.240 range. Good sign No 1.

For the first time in months, "slews of 5000 5000 sell" are no where to be seen. Good sign No 2.

Strong queue for sell at 0.240 and up, hopefully will slowly be eating away soon.

Budget 2010 to be announce on October 23th, live on TV. Does that have any effect on the stock market?

Najib announces RM200b under 2010 budget
http://www.themalaysianinsider.com/index.p...der-2010-budget

This the impact ........


Attached File(s)
 Budget_Impact_to_KLSE.pdf ( 92.94k ) Number of downloads: 83

thanks bro

Makes for a very good read. Hopefully there will be a spillover of the pre budget sentiment into this counter.

SAAG tidor today at 0.230

hahaha, my SAAG got a long long long wayyyy to go before reaching to my ABP... It's currently in the freezer...

bad sign coming as more shares has been issued to the F***ER seychelles company when they terminate their bond, check the announcement, just don't understand why ppl still holding stakes of this company, it it fun to see your stake percentage decreasing/being diluted every few weeks due to the issuing of new shares to the Seychelles company, each time they will issue NEW SHARE equivalent to 11.0x% of company total share, so meaning your stake percentage being diluted, just as simple as that

like that kahhhhhhhhhhhhhhh......

why invest ur money in this stock
what i know is this stock is junk stock
it only for speculative, not for investment
if want invest, invest in blue chip like sime, maybank....
they better that saag

Still want to keep SAAG??
Read my brief analysis first then consider yourself.

These are directors of company that was diluted:
Taipan Holdings Sdn Bhd
Cessation of interest in the capital of the Company as a result of a dilution
in the shareholding interest from 5.35% to 4.73% arising from the conversion of
the exchangeable bonds.

V-Quantum (M) Sdn Bhd
Cessation of interest in the capital of the Company as a result of a dilution
in the shareholding interest from 5.21% to 4.57% arising from the conversion of
warrants and bonds issue.

31 Jul 2009 SAAG Stafford Investments Limited Acquired 108,391,000
21 Aug 2009 SAAG Stafford Investments Limited Disposed 53,604,500
25 Aug 2009 SAAG Stafford Investments Limited Disposed 10,234,500
11 Sep 2009 SAAG Stafford Investments Limited Acquired 117,758,000
1 Oct 2009 SAAG Stafford Investments Limited Disposed 66,650,700
2 Oct 2009 SAAG Stafford Investments Limited Disposed 6,000,000
8 Oct 2009 SAAG Stafford Investments Limited Acquired 52,282,300

So basically, what Stafford Investments Limited doing is acquiring share thru exchangeable bond at RM0.20/0.21 and sell those shares in open market to us!!

Another 149,378,000 shares awaiting to be acquired by the same Stafford Investments Limited thru exchangeable bond.

hmm, aren't this old news? I don't see any new announcement from SAAG. Share dilution have reached limit?

"Fearing Mongering + Buying Back" tactic don't work on this thread anymore. The more you fear monger, the more likely people will be buying.










This post has been edited by MakanTidurSaham: Oct 19 2009, 03:47 PM

'correct,CORRECT,correct' old news, old news.
BEFORE YOU TALK, CHECK THEIR LATEST ANNOUNCEMENT FIRST!!!

8 Oct 2009 SAAG Stafford Investments Limited Acquired 52,282,300
This is what i included myself, Bursa's announcement is out of time because with persuade with the listing circular R&R, they have the right to report changes of shares only after a few weeks within the time limit.

Anything about the latest 149,378,000 shares???

Cool down I'm not your enemy.

>>SAAG Stafford Investments Limited Acquired 52,282,300
Everyone already knows even if they don't announce it. In fact, I've already announce that for them on this thread last last week. It doesn't take a genius to figure it out. Did you follow last week's rally?


>>Anything about the latest 149,378,000 shares???
Can you show us the source of this announcement?

This post has been edited by MakanTidurSaham: Oct 19 2009, 04:36 PM

SELL SL 18c

still haven't buy back yet? This stock will rise to RM 0.32.

i showed you the source but you didn't read it, as simple as the announcement below, this 149,378,000 shares will be granted listing soon (4th Tranche of Exchangeable Bond) when the bond holder plan to convert their bond to shares.

Apart from the abovesaid exchange price and exchange rate, all other principal
terms and conditions of the Exchangeable Bonds to be issued in respect of the
4th Tranche will be determined and announced at a later date.
This announcement is dated 3 September 2009.

you should know this earlier right since you say you already know everything in advance

SAAG CONSOLIDATED (M) BHD (SAAG OR THE COMPANY)
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 10 August 2009, 2 June 2009 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 fourth tranche of the Exchangeable
Bonds to be issued by SAAGL shall comprise of USD10.0 million nominal value
Exchangeable Bonds (4th Tranche).
SAAG / SAAGL have today fixed the exchange price for the 4th Tranche at
RM0.241. Based on such exchange price and the agreed fixed exchange rate for
the 4th 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 4th Tranche may be converted is approximately 149,378,000 SAAG Shares.
The exchange price for the 4th Tranche of RM0.241 represents a premium of 0.42%
over the last transacted market price of SAAG Shares on 2 September 2009 of
RM0.24, being the market day immediately preceding the date of this
price-fixing announcement.
Apart from the abovesaid exchange price and exchange rate, all other principal
terms and conditions of the Exchangeable Bonds to be issued in respect of the
4th Tranche will be determined and announced at a later date.
This announcement is dated 3 September 2009.

well sjz, how du u stop a falling knife?

on 14th october 2009 I noted,

"Well I agreed there is a dilution by Bond conversion to shares. But there were heavy sales of shares in the other coporate shareholders i suspect also owned by them. Now just think why are the Bondholders doing that if they can get 12% interest. Cos the bonds are junked. Escape strategy by bondholders to unload once converted. The runup this time could be the last hooray b4 it sinks. But anyway those who bought high hope u get out with ur capital. As the goreng frensies are not connected with its fundamental. Welcome to Casino Royale! "

So more shares issued who's gonna to absorbed them unless SAAG can announced substantial contracts clinched then prospective earnings can support price runup?

Anyway guys rotational play has started with other penny counters starting with SKpres and moving to other soon invested gamblers are spoilt for choice. Casino Royale is ongoing......................

This post has been edited by alenac: Oct 19 2009, 08:28 PM