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Stock Market V40, Do you believe in October Myth?
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aurora97
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 Sep 24 2009, 10:50 AM
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OilCorp falls under MAIN Market listing rules. Posted is PN - 17 just to clear all the doubts.
Added on September 24, 2009, 10:55 amQUOTE(cherroy @ Sep 24 2009, 10:36 AM) If not mistaken, company doesn't have core business is not in PN17 category, generally, PN17 is for financial difficulty situation one. While doesn't have core business is not falling into financial difficult, it is like something GNxx. There are two types of listing requirements rules.. PN = main market GN = ace market Listing RequirementsThis post has been edited by aurora97: Sep 24 2009, 11:00 AM Attached File(s)
bm_main_pn17.pdf ( 53.87k )
Number of downloads: 12 |
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aurora97
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Sep 24 2009, 10:58 AM
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Delisting Attached File(s)
bm_mainchapter16.pdf ( 44.44k )
Number of downloads: 9 |
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aurora97
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Sep 24 2009, 11:11 AM
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QUOTE(cherroy @ Sep 24 2009, 11:07 AM) OK, thanks for the correction.  I taught PN17 for financially distress only. Thanks aurora97 for the updating. actually default of payment pursuant to 2.1(f) [ cross refer with PN 1] is the most common, in actual fact PN 17 captures a whole variety of events. |
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aurora97
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Sep 24 2009, 11:48 AM
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is OilCorp worth it?
+ve Assumptions
1. LARGE Receivables will be recived to pay of Sep/Oct defaulted interest.
2. Bursa accepts OilCorps regulation plan.
3. Lenders gives the grace period requested.
1 & 3 will be most crucial to OilCorps survival.
its a gamble with many possibilities and outcome.
either total loss or profit, only ppl in oilcorp will know.
This post has been edited by aurora97: Sep 24 2009, 11:52 AM
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aurora97
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Sep 24 2009, 12:26 PM
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Hap Seng sells China unit for US$30.3m SOS Hap Seng ConsolidatedBusiness unit worth USD 30m also selling.  From rumours, Hap Seng is chasing after big business and selling of smaller units (even if they r profitable)... USD 30m = small change?!
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aurora97
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Sep 24 2009, 12:39 PM
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MARC DOWNGRADES ITS RATINGS ON OILCORP BERHAD’S RM70 MILLION MUNIF/IMTN FACILITY TO MARC-4ID/BBID; MAINTAINS MARCWATCH NEGATIVE dated 11th September 2009 <--- Oil Corp Published Ratings -MARC Online. SOSThis post has been edited by aurora97: Sep 24 2009, 12:43 PM
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aurora97
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Sep 24 2009, 02:20 PM
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QUOTE(simplesmile @ Sep 24 2009, 01:45 PM) "M" is for money!  Wrong. This is the current rcovery pattern. $$$$  $$$ 
"X" = meaning we are here This post has been edited by aurora97: Sep 24 2009, 02:21 PM |
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aurora97
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Sep 24 2009, 05:32 PM
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Funny...
Bjtoto i bought on 14 Jul to date 24 Sept gained about 4.5%
Bursa i bought on 11 Sept to date 24 Sept gained about 3.6%
Now i am abit concern at the rate Bursa is going, with such momentum the reverse i dare not speculate.
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aurora97
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Sep 25 2009, 08:29 AM
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Oil prices down sharply with supplies upSOSMagnum unveils jackpot while BToto to roll out lottoSOS Magnum & TOToThis post has been edited by aurora97: Sep 25 2009, 08:33 AM
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aurora97
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Sep 25 2009, 09:09 AM
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Looks like regional indics are venturing deep into the red. Topix 926.43 -23.77 -2.50 Hang Seng 21,050.73 -544.79 -2.52 Singapore Straits Times 2,667.43 -18.51 -0.69 S&P/ASX 4,648.30 -52.90 -1.13
Added on September 25, 2009, 9:10 amand KLCI is still -1 pt  This post has been edited by aurora97: Sep 25 2009, 09:10 AM |
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aurora97
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Sep 25 2009, 09:14 AM
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QUOTE(marco_ooi @ Sep 24 2009, 11:19 PM) i also buy bursa warrant last 2 month till now i ady gain 15 percent i see that now bursa is going to be bull run but u must have patient n wait for it going to see our fortunes reversed very soon, Bursa falls 11c on opening bell. thats what i was trying to say, its volatile in terms of flactuation... shooting up like a star but falling down like piece of concrete slab tied to ones legs. |
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aurora97
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Sep 25 2009, 09:22 AM
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QUOTE(panasonic88 @ Sep 25 2009, 09:19 AM) Aurora, this is for joo.  Thanks! Tp =9.20 |
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aurora97
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Sep 25 2009, 09:30 AM
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QUOTE(panasonic88 @ Sep 25 2009, 09:23 AM) just curious, would you bet on its warrant? No, i dont buy warrant. Only parent counter. i think this q better answered by Chyaw. |
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aurora97
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Sep 25 2009, 09:56 AM
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QUOTE(skylands @ Sep 25 2009, 09:48 AM) oh... oilcorp turning back ... haha Perhaps its a Konspirasi after all Sell high and buy back low, screw the shareholders... Oilcorp dan Rakan-Rakan (1 pt) Vs Bursa + Shareholders + Sc (-1pt) This post has been edited by aurora97: Sep 25 2009, 09:56 AM |
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aurora97
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Sep 25 2009, 10:00 AM
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OSK Research... I recommend reading the Maxis Strategy paper.. interesting by chew + digest with caution. Attached File(s)
AEON_Corporate_News_Flash_Going_Farther_Afield_20090925_OSK.pdf ( 40.33k )
Number of downloads: 15
D20090925.pdf ( 63.1k )
Number of downloads: 19
Strategy_Maxis_in_KLCI_20090925_OSK.pdf ( 67.42k )
Number of downloads: 29
Technical_HSI_Maybank_20090925_OSK.pdf ( 33.83k )
Number of downloads: 15 |
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aurora97
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Sep 25 2009, 10:40 AM
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QUOTE Allocate RMX0k-X0k for each lot, go long on the next quarterly month, have cut loss target of 3-5% (30-50points).
Or buying ETF itself or unit trusts would still be a better option? I got this question from a forumer. The honest truth is, i am a bit skeptical about ETF especially when its issued by KLCI (i would probably pick up ETF's belonging to HSI, SGX and other major Exchanges)... due in part its not tested, low volume/liquidity issue (?). The Major Benefit of an ETF of course, u enjoy the basket of heavy weights rather than having to buy each and every single counter. If you ask me, i personally won't invest in ETF. Between ETF, Unit Trust and Reit, my ranking is as follows: 1. Reit 2. UT 3. ETF oh btw i am also a licensed UTConsultant  This post has been edited by aurora97: Sep 25 2009, 10:42 AM |
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aurora97
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Sep 25 2009, 10:54 AM
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QUOTE(cherroy @ Sep 25 2009, 10:45 AM) ETF is a good target, but you must have high liquidity because if not, the ETF share price can be skewed and not following its real intrinsic value which make liquidation or sell time become difficult or you are not selling at its or near its real value, which is frustrating for the seller that need the money. At current stage, locally and especially for minority shareholder, Reit advantage > ETF. A stock with higher liquidity, the higher chance the share price will be "right" to its fundamental issue. I think low liquidity partly Bursa/Trading Participants fault not promoting it to investors, only a handful of ppl know what it is all about... even nowadays more ppl know about stock trading & warrant + futures. Most Unit Trust companies are already on the offensive, literally pushing ETF off the cliff and staking their claim on their already "proven" performance. When in fact ETF can be more advantageous compared to UT... Perhaps as a hedging tool if most companies a Investor bought belongs the basket. (thinking about it) Like the initial launching of Reit, which received probably less than a warm welcome compared to now "everyone wants a piece of the action". ETF's time will come.. probably 5-10 yrs down the line  or may be worse .. |
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aurora97
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Sep 25 2009, 11:09 AM
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QUOTE(chyaw @ Sep 25 2009, 11:02 AM) ------------------------------------------ Lorong tunai ------------------------------------------ Lorong touch n go ------------------------------------------ Lorong smart Tag ------------------------------------------ It's a simple equation, pay more u get through the toll faster or... -------------------------------------------------------------------------------------------------------------- Lorong Motosikal (FOC) -------------------------------------------------------------------------------------------------------------- This post has been edited by aurora97: Sep 25 2009, 11:10 AM |
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aurora97
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Sep 25 2009, 11:16 AM
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QUOTE(lklatmy @ Sep 25 2009, 11:11 AM) Should be months,sorry for the error. Also your connection.Oh come on, Tanjong can';t afford the Smart Tag??? if bjto, mphb can do it, Tanjong shouldnt have a problem.. Konspirasi? nevertheless, i think its a concerted effort between MphB n BjGroup's bosses (noting they are rakan suhabat yg baik) ganging up together and catching Tanjong with their panties on. |
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aurora97
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Sep 25 2009, 02:35 PM
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Guys Look at what Bursa Asked and What OilCorp replied, absolute rubbish... Oilcorp is just stone walling the regulators. It's as good as not replying to Bursa. » Click to show Spoiler - click again to hide... « General Announcement
Reference No OO-090925-6DFD0
Company Name : OILCORP BERHAD
Stock Name : OILCORP
Date Announced : 25/09/2009
Type : Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID : ZO-090924-35463
Subject : Oilcorp Berhad (“OILCORP or the Company”):
• Default in payment under Practice Note 1/2001 of the Listing Requirements of Bursa Malaysia Securities Berhad
Contents : In response to the query by Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 24th September 2009, the company makes the following announcement.
Query Letter
content
: We refer to your Company's announcement dated 18 September 2009 in respect of
the above mattter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
To elaborate on the extent and nature of the impact of the default on the
business, financial and operational aspects of Oilcorp.Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/ZOOS
c.c.Head, Market Surveillance Department, Securities Commission (via fax)
Announcement Details :
In response to the query by Bursa Securities dated 24th September 2009, the company makes the following announcement:-
The announcements by the Company on 18th September 2009 pursuant to PN 1 of the Listing Requirements of Bursa Securities and on 23rd September 2009 pursuant to PN 17 of the Listing Requirements will have an impact on the business, financial and operational aspects of the Company, in so far as it relates to the securing of new contracts or raising finance for new projects. Having said that, with the support of the stakeholders in the company, its bankers and other creditors, the Company will continue to remain operational and make all efforts to complete its current contracts. At the same time the Company will work towards achieving a restructuring of the Company and its debts. In this regard, the Company will shortly announce the appointment of a Principal Advisor."
This post has been edited by aurora97: Sep 25 2009, 02:35 PM |
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