Unfortunately no. No drastic drop. Ramunia is scary.
How about you? You guys makes me wanna sell KNM.
Its unchanged now. Seems like either it gonna shot up
or go down soon.

KNM would be just another TM ( not the price ) , if you could hold for a month

Unfortunately no. No drastic drop. Ramunia is scary.
How about you? You guys makes me wanna sell KNM.
Its unchanged now. Seems like either it gonna shot up
or go down soon.

i am waitng to bet with ramunia, will this going to be another KNM?

LOL.  I hope so too. I believe TM will have correction soon. No stock can go up
and stay up for so long during recession.

---

Added on November 26, 2008, 4:34 pmBut its just prediction. No one can predict stock market. Kekeke.

KNM would be just another TM ( not the price ) , if you could hold for a month

Ramunia stock plummets 53pc
Published: 2008/11/26

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RAMUNIA Holdings Bhd had a record fall in Kuala Lumpur trading after MISC Bhd, owner of the world’s biggest fleet of liquefied-natural-gas ships, dropped a planned RM3.2 billion (US$884 million) bid for the company.

The shares of the oil-rig builder, which resumed trading today after a halt yesterday for the announcement, tumbled 53 per cent to 61 sen at 4.15pm on the Malaysian stock exchange. MISC rose 5 sen, or 0.6 per cent, to RM8.30.

Kuala Lumpur-based MISC yesterday scrapped the proposed takeover, citing “unsatisfactory” findings of an evaluation of the bid. MISC’s decision came as BHP Billiton Ltd, the world’s largest mining company, terminated its US$66 billion offer for Rio Tinto Group, as the worst financial crisis since the Great Depression stalled credit markets and cut demand for products and services.

The move is “more negative to Ramunia,” Simone Yeoh, an analyst at JPMorgan Securities, wrote in a report today. Ramunia “would have been a much more direct beneficiary from the proposed merger,” Yeoh said.
The global financial crisis “would have diluted any benefits from” the merger for MISC, said Yeoh, who has an “underweight” call on MISC stock.

The takeover of Ramunia would have more than doubled MISC’s construction capacity at shipyards in Johor. MISC, which first announced the plan in January, decided to terminate the proposed bid “due to unsatisfactory due diligence findings,” according to a filing to the Malaysian stock exchange yesterday. No other details were given in the statement.

MISC’s decision also came after Ramunia unexpectedly reported a loss in its fiscal third quarter ended July 31 because of higher costs and foreign exchange losses, Yeoh said. The loss, reported in September, “was already a red flag earlier that the deal was at risk.” - Bloomberg

So, anybody got any inside news on Ramunia?

Can anybody explain the meaning of "due diligence findings had been unsatisfactory"? 

Here's another news, see the bolded words:

hey guys i have question abt divd. Investor A purchase stock A at 1/1/2008 and wait for coming divd. Ex-date is 1/6/2008. Investor B bought the stock at 29/5/08. Is the divd payment goes the same to investor A and B? or investor A are entitled to more divd bcoz of longer duration? thanks.

LOL.  I hope so too. I believe TM will have correction soon. No stock can go up
and stay up for so long during recession.

---

Added on November 26, 2008, 4:34 pmBut its just prediction. No one can predict stock market. Kekeke.

Maybe can read here...
http://inveztrade.blogspot.com/

So, gogo2, did you manage to sell TM for RM 3?

http://whereiszemoola.blogspot.com/2008/11...3-earnings.html

Hm..

Just because MISC farked up with the S&P, Ramunia got bombed. major share holders are Tabung Haji and EPF. General Malaysian people are getting screwed by MISC with their nonchalant comment about the failure of the S&P.

I bet some bastards will collect the shares at beaten down price and offer it to take it private at peanut price. I bet MISC will make the move 

I pity the pakcik and makcik who have invested in Tabung Haji.

only sellers with no buyers   
something fishy by MISC? 

hey guys i have question abt divd. Investor A purchase stock A at 1/1/2008 and wait for coming divd. Ex-date is 1/6/2008. Investor B bought the stock at 29/5/08. Is the divd payment goes the same to investor A and B? or investor A are entitled to more divd bcoz of longer duration? thanks.

Their statement are too bold... they want to push the price lower ka?  

if so, congratulations..