It is approaching its end of its life.

Those who don't wish/want to fork out 1.00 to exercise into TA mothershare one, need to dispose. While if TA below 1.00, TA-WB worth nothing or no incentive to convert.

You don't have much time to play. Premium will be below zero from now on (I guess).

Simple word, TA-WB will be delisted.

no bad news to dampen the market, everyone hip hop horray goreng & goreng. how long will this last?

market not yet found the bottom?
check here

Yeap .... he thought the share will go up to 10 cents .. when ta revael the ta global share .. but now he will be in deep shit ..

nah .. he earn  a lot this year .. so far i guess he earn moer than 150k from jan to now .. he play all penny stocks  ..

so he still got profit .. but he is damn high risk taker

Hahaha, I'm already gonna accumulate if drop another 30-40 pts. You still waiting for KLCI to drop to 750  to enter with your stimulus package?

I remember I kena -20k paper loss in Feb-March. Lucky I had fundamental stocks, and my hands wasn't so itchy to cut loss back then. I held on and eventually sold my holdings for 20k gain. Now I'm trapped again. Maybe its a good sign for me. This time, I'm gonna average down.

I hope resorts will come down to 2.2
I hope KNM will come down to 60 cents
I hope Maybank wont come down, cos it's the only stock I have that's still positive. (Hahaha)
I hope UEMland will drop like crazy cos I don't have it anymore
I hope IOIcorp, KLK, YTL will drop like crazy cos I don't have it
I hope Bstead will oso drop like crazy
I hope BCHB will drop like crazy
I hope all the property counters wll drop like crazy, eventho i got MKLand. Cos I can still buy more other good properties.

I'm so glad I have one foot in, one foot out. Even tho the other leg might get crippled.

It doesnt matter if US cannot take care of its finances. Letting the dollar die will cause hyperinflation which will result in an increase in commodities prices.

MK Land back in the blackBy Sharen KaurPublished: 2009/05/28
 
Sales for the nine months to March 2009 jumped 180 per cent to RM185 million, despite the weaker property and economic market condition 

PROPERTY developer MK Land Holdings Bhd (8893) has posted a net profit of RM13.2 million for the nine months to March 2009, against a loss of RM18 million in the same period last year, attributed largely to higher property sales.

The improved performance has allowed MK Land to make an early payment of RM60 million as the final settlement of its outstanding bond, which is only due in September this year.

MK Land, in which Tan Sri Mustapha Kamal Abu Bakar holds a majority stake, slipped into the red in the 12 months to June 2007 and 2008 due to additional cost incurred because of errant contractors.

It was the period when Mustapha Kamal stepped down as executive chairman from April 2007.
Chief operating officer Fatimah Wahab said the profit for the period reviewed was driven by strong sales performance after Mustapha Kamal returned and turned the company around in June 2008.

Sales for the nine months jumped 180 per cent to RM185 million, in spite of the weaker property and economic market condition, Fatimah said.

Top company executives have also mapped out a turnaround plan that includes cutting operating overheads, increasing cash position and reducing debt on a timely basis.

"The early (bond) payment is a significant milestone for MK Land in its turnaround efforts. We have sent a message to our bankers, bondholders and other stakeholders that we are serious about our efforts to reposition MK Land," Fatimah said.

MK Land will also embark on a corporate restructuring to lower the overall costs of funds and enhance earnings of share, she told Business Times.

The group had debts of RM500 million as at December 31 2008 and aims to reduce this to RM400 million by June and RM300 million by early next year.

"We will revisit the capital structure, treasury function and funding situation and see how they could be best structured to carry us forward. We have strategies in place to lower the cost of funds through innovative financial packages. We are talking to bankers," Fatimah said.

She added that MK Land is looking at various ways to enhance its margins and banking on Armanee Terrace Condominium and Rafflesia, its two core products within its Damansara Perdana township in Selangor, to drive profits.