SAAG
|
|
 May 7 2009, 12:24 AM
Return to original view | Post
#1
|
 
Junior Member
118 posts Joined: May 2009  
|
In my opinion i think this counter's substansial rise today was actully the spillover effect from KNM's sharp rise lately. Shares in the same sector have the habit of tracking each other's price movements up to a certain extent. For example, When gamuda plunged before the elections last year, WCT followed suit for no good reason.
|
|
|
|
|
|
May 24 2009, 02:54 AM
Return to original view | Post
#2
|
|
Junior Member
118 posts Joined: May 2009
|
QUOTE(SEIKO^WATCHES @ May 13 2009, 04:48 PM) rm70 gained? It better go up. I just acquired 30000 shares at 335 on Thursday. I am quite heavy on the Oil and Gas sector now. I am also holding KNM (roughly the same value). I am however quite relieved to find that the PE is still quite low. it seems that oil is holding steady at 60 despite the poor sentiment in the stock markets this week. It has been tracking the markets for quite some time but the link now might finally be severed(good news for SAAG shareholders). I think the bias for oil price now is heavily on the upsideit will go up to rm0.60 !! oil price keep going up, saag fans can earn $$ within few week..  This post has been edited by taxpayer: May 24 2009, 02:56 AM |
|
|
Aug 5 2009, 09:25 PM
Return to original view | Post
#3
|
|
Junior Member
118 posts Joined: May 2009
|
QUOTE(sjz @ Aug 3 2009, 07:34 PM) Seems that some overseas company (from Seychelles) are interested in SAAG's share too. 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 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 Added on August 5, 2009, 9:29 pm QUOTE(sjz @ Aug 5 2009, 11:28 AM) any ppl have any idea what's happening to this counter lately? 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 countershow 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 taxpayer: Aug 5 2009, 09:29 PM |
|
|
May 3 2011, 09:02 PM
Return to original view | Post
#4
|
|
Junior Member
118 posts Joined: May 2009
|
QUOTE(t5t @ May 3 2011, 03:12 PM) This is super bad news... Lol... No It is not necessarily bad news. This is one way of playing around with accounting profit(creative accouting). They are trying to write off as much as they can in that quarter, which may be an indication that they want to bring down their depreciation in the coming quarters. There is a possibility that they may have something to show in the next quarter. Depreciation is deducted from your accounting profit. They may want to report a profit in the next quarter and they want it to be as high as possible and they best way to do that is without any depreciation or write off. Even Warren Buffet once said that he can legally play around with his company's profit easily if he wants to in one of his reports to Berkshire's investors.This post has been edited by taxpayer: May 3 2011, 09:06 PM |
|
|
May 11 2011, 12:44 AM
Return to original view | Post
#5
|
|
Junior Member
118 posts Joined: May 2009
|
QUOTE(zamans98 @ May 6 2011, 12:01 AM) Come on - seriously?? It is a bad news. They been creatively deceiving the shareholders. With all that private placement, only waiting time for PN17. I am not condoning any of their practices and neither did I say that it is a piece of good news. It is just a mere possiblity as some companies do engaged in practices of that nature. Those companies may or may not be well runned. However, at the end of the day, accounting profit is a figure that can easily be manipulated regardless of the a company's financial condition and most of these manipulations are actually legal. I cannot say for certain that they are writing off as much as they can in order to reduce depreciation or write offs in the next quarter but it is a significant possibillity.If you been following this company like 3-4 years back, you will know what I'm talking about. For Berkshire's - he have reputation to uphold, being the only company giving more than 15% return since inception way back in late 1960's. SAAG - no REAL new business. So they play investors emotions. That is the truth. |
|
|
Jun 8 2011, 09:46 PM
Return to original view | Post
#6
|
|
Junior Member
118 posts Joined: May 2009
|
WTF? They can only raise a mere 1.5 mil from the placement. What's the point of doing it at the first place?
|
| Change to: |  0.0438sec
 0.87
 7 queries
 GZIP Disabled
Time is now: 10th December 2025 - 07:49 AM |
Quote