Regional turning red again... even if green, it needs a huge rally to pull KLSE up... so, for me... another bad day for KLSE.

So, red Wednesday strike again

morning red, afternoon green

it is FKLI settlement day! monkey should be coming out pushing the index to make it close in green, mai guess.

No lah just thinking of buying to get TA global..... sweet! Anyway, my buying amount is too insignificant to tickle the price!

Ask you ur opinion....TA Global really that good? And what does ICPS mean, if you have any idea

Even though Index dont look very red, market is actually more red that it seems.

if you notice all the recently goreng'ed shares... Halex, Ingres, EPMB and a few more... they are all going down slowly. Indication that a lot of people begining realised that they are trapped and are slowly cutting losses. After burnt they will stay out for a while before becoming brave enough to enter again. With the absense of these people and probably alot of panic selling brewing ... no reason for bigger player to go in now, they can just wait a while to pick up cheaper shares for the next goreng.

This post has been edited by uyafr: Sep 30 2009, 11:07 AM

I think you're right. They may be waiting for Mr. Najib to make his announcement on the Middle East investment from those blokes he met on the beach in France recently.....

Irredeemable convertible preference shares (ICPS)

some news back on May 09
http://biz.thestar.com.my/news/story.asp?f...68&sec=business

ICPS = Could be exchanged for ordinary shares in three years from the date of listing at no cost.


This post has been edited by panasonic88: Sep 30 2009, 11:09 AM

Not sure about goreng shares, but what I observed is that there is actually no panic selling in KLCI since 308. In fact, we have very soft landing, but then again, not sure for all the goreng shares, which I might not even realized it was in KLCI

take from the blog


The proposed listing will see TA Global issuing 4.8bn shares (50 sen). If you are thinking of subscribing its IPO, well forget it, there is no public portion. The only way you can get a piece of the action is to buy and hold TAE shares. TAE shareholders will receive 3 TAE shares and 3 ICPS for every 5 TAE shares held. To make it clearer, if you have 10,000 TAE, which will cost you around RM14,000 you will get 6,000 TA Global shares and 6,000 TA Global ICPS. Hence its really like an IPO if you buy TAE now.

Of course the attraction is at what levels TA Global will list. Hwang-DBS accords a fair value of RM2.10 on TAE, which to me is a bit conservative. I expect TA Global to perform very well upon listing. The projected market cap for TA Global may be around RM2.4bn - RM2.6bn, making it number 5 behind SP Setia (RM4.18bn), UEM Land (RM3.81bn), KLCC Property (RM3.3bn) and IGB (RM2.64bn). In fact I think TA Global will be number 4 once it gets listed as it should easily shove aside IGB.

and do you know how TA gets its name?

my dad shares with me

TA = Tony & Alicia, they are the MD & CEO of TA Enterprise. relationship: husband & wife.

Great then I might swim with Leonardo or Kate Winslet even this ship is sinking. Might as well wait for TA Global.

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Added on September 30, 2009, 11:12 amWah...your dad tell bedtime story to you before you sleep every night?

This post has been edited by jasontoh: Sep 30 2009, 11:12 AM

lolz how sweet right

Oh bless!

now i wonder

will they revise TA Enterprise price after they give the shareholders the TA Global shares and TA Global ICPS?

common sense, should be yea?

Of course lo....that would give TA more space to go up again

they give share bulat bulat meh ? i tot give you the option to subscribe nia ?
or you mean special dividend from TAE upon listing of TAG?

Nothing comes free... the reason for listing is so that they can get more money from you and that you can become shareholder of something which uses your money to grow and you have a hope that your money will grow on it.

so called dividend-in-spiece.

TA Global should be listed in October.

I still feel that TA is overvalued.