Just like to know is it wise to buy Tahan Insurance's parent company IDAMAN 1112 (Main Board)'s share at RM0.08 now?
I know the price isn't the lowest in this period but since that Tahan Insurance just being taken over by BNM.
So will the situation get better and the share price will go up?

This post has been edited by sjz: May 23 2009, 11:46 PM

I think you can buy but be careful of the goreing in the early Monday morning.

Why is BNM taking over Tahan a good thing for the parent company?

The reason BNM taking over Tahan Insurance isn't because their debt but their lack of revenue.
But what i am sure is that once BNM taking over the business, the company's condition sure become better again, BNM sure won't let a company close down once they taking over right?
few months ago there got 1 Indian company wanted to buy Tahan Insurance but don't know why didn't made it.

o ... i wont take the risk

You're right. BNM will protect the company and it will boost investors confident. So, the share price should go up.

Err....... it means the company is in trouble in the first place, aka not meeting enough capital requirement in the first place so only BNM take over the company control.

BNM's intention is not protecting the company but insurance policy owners. They have no interest to protect the company.

but as well as BNM is behind this company, so it will survive la?
because currently the share price just RM0.08 is because a lot of ppl dumping their share as they are having financial problem before and just clear all debts this few months but still don't have enough capital

Just take the case of American companies like AIG and Citibank. No matter the government is protecting the policy or account owners, bottom line is the company still get protected and get some fund.

Ya... if govt going to use taxpayer's money to bailout any companies, we should take the opportunity to grab some cash the govt is handing out, cos it's our money anyway.

for tis few day is it possible drop from RM0.08 to RM0.05???

haha..Monday morning i will buy it if the price is reasonable.
but as kb2005 says, scare ppl will goreng this share at Monday morning.
esp. those gorenging syndicate is insane, 1 can can buy as high as 400000 unit or 40000000 shares.

but it's suspended on 22/5/09 lor ..

Look at where AIG and Citi share price right now.

just suspended from 3.40pm to 5pm on Friday only..

WTH... counter is RED.
Lucky this morning I didn't goreng. Anyone on this boat? Looks like a Titanic. Maybe sharks now accumulating the shares?

how much is the reasonable price?? RM0.06??

i think i will buy at Rm0.06 too.

You get any today at 0.06 ?

didn't get it..
tomorrow will Q again..
but i will put some part towards SKPRES, i heard they have million ringgit worth of project being tendered and has been shortlisted