Talam....long time no die yet

some PN17 companies that I heard of which came out from the black hole in this 2 years :

Sinora Industries
Tanco
Pan Malaysia Industries
Antah (now restructured to Huaan)
Time Engineering

correct me if I am wrong

talam is not out from PN17 yet ...

dangerous counter.... 164m interest payment on loan deferred..... BUT its definitely attractive price now for sure, if they can consolidate all their debts problem.

but their directors all want to dispose the shares..
see the info sections.

Talam in the midst of out of PN17

That y we call it investment, if u make then good, if not then that the fees to learn lor....patience is virtue...

Basically, we can't predict what will happen to this counter unless u have inside info. No risk no gain, obviously the higher the risk, the higher return you got.

Frankly speaking, from experience, the higher the risk, a lot of time turn out to be higher loss, not higher return.

It is true about investing, higher risk, higher potential gain. But it is more like a gamble right now instead of investing.

In investing, at least you know what your risk is, what you are facing with.

But in this issue, it is totally in unknown territory.

U guys buying oilcorp, the writing was on the wall since last year when they booted out the previous auditors. Many of public listed companies want to indulged in creative accounting to hide their weaknesses. Oilcorp is one of them. Well with this PN17 label, its one foot down the grave.

Again Guys please dun look at NTA as basis of investing. NTA for property & plantation are more solid than NTA for an oil related company or Air transport company like transmile or oilcorp. Look at prime earnings and next look at volume of transactions.

This post has been edited by alenac: Sep 26 2009, 12:23 AM

Do you think I should sell my shares?

well. in the first place I won't touch it. But if u have bought, u must be a gambler. A gambler is a risk taker. High risk high reward and off course high losses too. Can we change a gambler's habit, I would say not possible.

This post has been edited by alenac: Sep 26 2009, 09:41 AM

Malaysian Assurance Alliance has 4 of its professionally managed Fund invested in this company totalling more than 6 million shares as of 31Dec2008.

<< Is there any dispute in their ongoing projects inline with the expectation of the customers. Receivables likely to be regular work in progress money held back. If jobs are not done accordingly to standard how can the company expect to collect any money? Receivables is then just an accounting provision. >>

If it is the case, auditor should not let it to register in revenue and receivable previously.

Only an insider will know if it's worth investing into this company.

I suspect that we will eventually find out that the auditors have a lot of explaining to do...

just my humble opinion

yes, sell it and get back some money, put in bluechips / dividend play, soon or later it would cover back your loss.

David, how many units u have with Oilcorp?

will it be total hopeless case? I think i should queue up my shares tomorrow morning

<< I'am just imagining a possible senario,
Oilcorp has issued billings against their projects, if they got the money, the numbers will add up in the cash & bank balances, otherwise its will be dumped into receivables until collected.

OR even worst senario their largest creditors has gone bust. >>

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Added on September 27, 2009, 10:02 amAuditors are paid for expressing an opinion on the accounts and nothing else.

Has any shareholders manage to drag any auditors to court over similar cases like Tranmil, Megan Media?

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Added on September 27, 2009, 10:03 amEveryone knows that if they want to play this game, they first must have capital.
Once they loss all their capital they out of the game.


This post has been edited by Kinitos: Sep 27 2009, 10:03 AM