SAAG
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 Sep 8 2009, 11:13 PM
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#1
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor  
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QUOTE(superamd @ Sep 8 2009, 11:05 PM) Oil price is now at US71 almost 5% jump. Hopefully this is a good news man. Seriously guys, I don't know why are you referring to oil price when SAAG is not in oil trading business. Their core activity is rig and machinery building and maintenance, so there is no correlation with oil price. On the other hand, it would be good news when there is new oil discovered. |
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Sep 8 2009, 11:41 PM
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#2
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(superamd @ Sep 8 2009, 11:34 PM) Of course is not a direct correlation, but when oil prices is going up it will be more feasible for oil company to start drilling more, i.e OPEC / Oil companies might want to increase their production capacity as its more profitable now than before. Hence indirectly more orders would be flushing in to purchase the machinery from SAAG. Oil price has been volatile daily, so I don't think they'll order based on the current situation. They would only order when the price is stable, so wait until that time to hope. |
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Sep 15 2009, 12:51 PM
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#3
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(soohoe84 @ Sep 15 2009, 11:36 AM) Contents : Members' Voluntary Winding-Up of Wholly-Owned Subsidiaries of SAAG soohoe84,Announcement Details : Pursuant to Paragraph 9.19(20) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to inform that a liquidator has been appointed for the following wholly-owned subsidiaries for the purpose of members' voluntary winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965. Mr. Ng Chee Hoong of Suite 9.02, 9th Floor, MCB Plaza, No. 6, Changkat Raja Chulan 50200 Kuala Lumpur is the appointed Liquidator for the members’ voluntary winding-up. Information on wholly-owned subsidiaries [attachmentid=1198674] Rationale for the Winding-Up The above subsidiaries have remained dormant and there is no intention to reactivate the operations of these companies. Effects of the Winding-Up The winding-up of the above subsidiaries have no material financial and operational impact on the Group. This announcement is dated 14 September 2009. Not really understand it. It means that the management has agreed to de-register these 3 companies because they are practically unused now (dormant). Since these companies are just small subsidiaries with no businesses, their winding up will not affect SAAG. |
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Oct 13 2009, 11:35 PM
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#4
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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Guys,
There are always one party calling for buy, and another party calling for sell. There is no right or wrong as each has its own perception. I believe MakanTidurSaham has his own reason too calling for buy, but being TOO pushy is not healthy. We are all free to express our own views in this forum, but it is up to everybody to make their own decision. I just want to stress that we should all concentrate on the more important side of the discussion, and not use this thread as a "playground". You can either listen to MakanTidurSaham and buy SAAG, or listen to zamans98 and sell SAAG, and you bear your own risks. Alternatively, you could just sit on the sideline and do absolutely nothing. This post has been edited by Jordy: Oct 13 2009, 11:36 PM |
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Oct 20 2009, 08:07 PM
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#5
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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To the both of you,
I hope both of you can stick back to the topic of SAAG discussion. Please do not go overboard with the personal flaming. If you want to flame, do it in PM/MSN and not in the forum. |
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Oct 20 2009, 11:07 PM
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#6
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(MakanTidurSaham @ Oct 20 2009, 09:24 PM) What? Where got personal flaming? I think we both maintain a pretty civil discussion. QUOTE(zamans98 @ Oct 20 2009, 10:52 PM) Jordy, please highlight the point where is the personal flaming. Proof to us. The discussion was still professional. No flaming, in fact its a healthy discussion. One party call for BEAR one for BULL. Salah meh? My previous reply was a reminder to keep this thread in order before the moderator comes to do some cleaning. A little cooperation is not too much to ask as both of you are not kids anymore. |
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