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 MYEG 0138, Can Invest some in this counter ah?

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fhis
post Jan 8 2010, 04:26 AM

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I guess this is a good one too and have been overlooked. Almost constant and recurring income guaranteed by government..

Utilico Emerging Markets Limited has been buying into it slowly and the last announced date of acq. was 16/12/09. Please refer the CutPaste below from Bursa web.

Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No CAS-091215-5A510
Company Name :
MY E.G. SERVICES BERHAD
Stock Name :
MYEG
Date Announced :
16/12/2009

Name :
Utilico Emerging Markets Limited
Address :

Canon's Court
22 Victoria Street
Hamilton HM12
Bermuda
NRIC/Passport No/Company No.:
36941
Nationality/Country of incorporation:
Bermuda
Descriptions
(Class & nominal value):

Ordinary Shares of RM0.10 each
Name & address
of registered
holder:

JPMorgan Chase Bank, N.A.
2 Leboh Ampang
50100 Kuala Lumpur
W051546

Details of changes
Currency:
Malaysian Ringgit (MYR)

Type of transaction

Date of change

No of securities

Price Transacted ($$)
Acquired

11/12/2009

294,600



































Circumstances
by reason of which change has occurred

:

Acquisition of shares in the open market
Nature of
interest

:

Direct
Direct (units)
:
64,043,860
Direct (%)
:
10.6
Indirect/deemed interest (units)

:

Indirect/deemed interest (%)

:

Total no of securities after change

:
64,043,860
Date of notice
:
14/12/2009
fhis
post Jan 12 2010, 03:42 AM

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Guess it is worth to keep some. Hopefully will come again tomorrow or the day after.. 3 days ago the volume spike a little with small price movement. biggrin.gif


QUOTE(yktan83 @ Jan 9 2010, 02:22 PM)
in 2008 myeg teamed up with POS malaysia in fuel cash rebates.
Not sure if they are potential candidate to get mykad petrol subsidies contract
http://announcements.bursamalaysia.com/EDM...s%20Release.pdf

Claim fuel cash rebates online at www.myeg.com.my

Kuala Lumpur, 15 August 2008 – Malaysia’s leading E-Government Services
Concessionaire, MY E.G. Services Berhad (“MYEG”) has teamed up with Pos Malaysia
Berhad (“Pos Malaysia”) to enable eligible vehicle owners to claim fuel cash rebates
through MYEG’s online portal at www.myeg.com.my.

With this arrangement, Pos Malaysia - the Government’s appointed agent to disburse
fuel cash rebates - will first verify the claim before making payment to the eligible
vehicle owners via money order within seven working days, or crediting the amount into
their bank account within three working days.

Vehicle owners can check the status of their fuel cash rebates at any point of time
through MYEG’s portal.

MYEG’s Executive Chairman Dato’ Dr. Norraesah bt Haji Mohamad said, “This new
service is an extension of our newly-launched online road tax renewal service in April
this year. With this latest initiative, eligible vehicle owners can now renew their road tax
and submit fuel cash rebates claims simultaneously using the online channel. We are
pleased that this agreement with Pos Malaysia will be for the benefit of all Malaysians.”

In June 2008, Prime Minister Datuk Seri Abdullah Ahmad Badawi had announced the
disbursement of fuel cash rebates to cushion the impact of higher fuel prices. Eligible
vehicle owners currently claim their fuel cash rebates of up to RM625 from the 683 post
offices nationwide or through Pos Malaysia’s online portal at www.posonline.com.my.

The Government has announced that the eligibility period for the fuel cash rebates
claims will be until 31 March 2009.

Concluded Datuk Norraesah: “As a leading e-government concessionaire in Malaysia,
we are committed to not only providing greater convenience to the public, but also
fulfilling the government’s agenda in delivering first class public services.”
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fhis
post Jan 14 2010, 03:30 AM

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Confirmed the up swing now.. dun know how high can it go..

Read somewhere that there might be a IT/technology play now.... no matter what, MYEG I guess is still a worthwhile bet.

hope my patience will pay off soon. rclxms.gif

QUOTE(fhis @ Jan 12 2010, 04:42 AM)
Guess it is worth to keep some.  Hopefully will come again tomorrow or the day after.. 3 days ago the volume spike a little with small price movement.  biggrin.gif
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fhis
post Jan 14 2010, 02:44 PM

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well...it is coming and let's hope it could sustain this time for a real bull. smile.gif
fhis
post Jan 15 2010, 12:21 PM

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0.52 seems to be pretty actively transacted. Lots of buying and selling. hope it will be able to absorb all the selling.
Let's wait and see...

fhis
post Jan 19 2010, 04:15 AM

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today down up and down...maintaining the price...
see if can charge again tomorrow...


Added on January 19, 2010, 12:15 pm


Added on January 19, 2010, 12:16 pmsee how it will be able to absorb the huge T4 today...looks good currently but will it spike again on T4 like the week before.. hopefully afternoon will have some miracles. smile.gif [

quote=yktan83,Jan 15 2010, 01:44 PM]
ya, seems like well supported at 0.52, hopefully will move again after kicking out weak holders smile.gif
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This post has been edited by fhis: Jan 19 2010, 12:17 PM

 

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