Not bad, NYSE in GREEN:

DJIA: 8,573.53 +94.06 +1.11%
NASDAQ: 1,502.88 +38.15 +2.60%
S&P 500: 871.90 +14.51 +1.69%

me also bought 10,000 knm @ 0.545 today...

I thought tonight will be bad.... trying not to buy too much today hoping it will be cheaper tmr...
mana tau tonight also 4th day consecutive DJ rally

Most likely to close around +180 pts

Last mins DJ close +247.14 8726.61
volume light... because of holiday

This post has been edited by tsarena: Nov 27 2008, 05:10 AM

I did some googling and found out that Ramunia's stock was valued at RM1.21 in Jan '08, just before the announcement that MISC offered the take over.

If Ramunia's stock falls to very low level, do you guys think it is worth to grab some of it's shares? Maybe 10-20 lots?

Ramunia shares par value is only RM0.50. That is why its share fall back close to the range of its par value.
Its NTA only Rm 0.41 sen. Now maybe lower liao..

Here some info from KLSE tracker.

RAMUNIA TO BE LOSS-MAKING FOR FYE OCT 2008 PENDING RTO BY MISC

CLASSIFICATION: ACCOUNTING/AUDIT NOTIFICATION/ANALYSIS & BUSINESS PROJECTIONS
TYPE: Short Analysis / Reviews
30 October 2008

RAMUNIA TO BE LOSS-MAKING FOR FYE OCT 2008 PENDING RTO BY MISC RAMUNIA HOLDINGS which recorded Net Losses of RM215.21m for 3QE Jul 31, 2008 is expected to continue to be in the red for the FYE Oct 31 (FY08), according to analysts.

Analysts expect the Company to turnaround only in FY09 and FY10 after completion of the reverse takeover (RTO) by MISC, which would put in place a stronger management team and expectations of better implementation of projects.

ASEAMBANKER EQUITY RESEARCH was quoted in THE STARONLINE on Oct 1, 2008 saying that 2008 was admittedly a bad year for RAMUNIA but focus should be on 2009 and beyond. The research house expected MISC's entry as a new shareholder to positively transform operations and enhance values as it turns RAMUNIA into an oil and gas fabricator.

The Company had on Sep 29, 2008 in its quarterly filing reported 3Q losses due to higher project overhead, cost over-runs and losses, disputed change orders and provisional sum and project bidding costs. For the nine-month period, the Company posted Net Losses of RM208.43m.

The losses had reduced RAMUNIA's Net Asset per share from RM1 to 41 sen. The Company was affected by additional works to rectify some previous projects while raw material prices had also risen sharply.

The SC had on Sep 19, 2008 approved MISC's proposed RTO of RAMUNIA via the injection of MALAYISA MARINE AND HEAVY ENGINEERING sb for RM3.2 bil.
========================================

RAMUNIA LOSES RM2 BIL INDIAN OILFIELD DEAL

CLASSIFICATION: PRESS RELEASES/REPLIES/DIGEST
TYPE: News Digest
18 September 2008

RAMUNIA LOSES RM2 BIL INDIAN OILFIELD DEAL The Press Trust of India reported in mid-Aug 2008 that an Indian court decision had dismissed a petition by a RAMUNIA subsidiary in India against OIL & NATURAL GAS CORP's decision to cancel a contract for the development of an Indian offshore oil field.

The Indian deal was viewed to be loss-making or giving razor thin margins at best.

The termination will cut RAMUNIA's outstanding Order Book by 77% to RM486m. In Apr 2008, PETRONAS' unit - MISC had announced the takeover of RAMUNIA

========================================================================================================

Financial
Q3 Q4 Q1 Q2 Q3 Rolling 4 Qtrs
07-2007 10-2007 01-2008 04-2008 07-2008
Turnover ('000) 428,362 184,513 110,257 80,099 81,324 456,193
Profit before Tax ('000) 20,608 3,896 5,970 2,022 -217,587 -205,699
Net Profit ('000) 18,673 1,994 5,699 1,071 -215,205 -206,441
EPS (sen) 2.160 0.760 1.120 0.210 -41.640 -39.55
DPS (sen) 0.000 0.000 0.000 0.000 0.000 0

======================================

PER SHARE INDICES AND RATIOS AS AT 24-Nov-2008

PRICE INDICATORS as at 24-Nov-2008
CLOSING PRICE
1.300 MARKET CAP 861.692

52-WEEK HIGH 1.950 52-WEEK LOW 0.970
3-YR HIGH 1.950 3-YR LOW 0.760
PE RATIO 43.54 DIV YIELD 0.00
MC RATIO 3.01 MIV RATIO 0.97
BD WTG 9.31 BD-SECT WTG 38.50
SYAR WTG 0.22


ACCOUNTING RATIOS
CURRENT RATIO 1.17 CREDIT DAYS OUTSTANDING 218.52

ACID TEST RATIO 1.16 DIVIDEND TIMES COVER 0.00
DEBT EQUITY RATIO 2.10 INTEREST TIMES COVER 2.18



PER SHARE INDICES
EARNING PS 0.030 NET FREE CASH PS -0.821

DIVENDENDS PS NET FREE CURRENT ASSET PS -0.267
TURNOVER PS 0.920 NET WORTH PS 0.432
OPERATING CASH PS -0.033 NET TANGIBLE ASSET PS 0.302
CURRENT ASSETS PS 0.64 CURRENT LIABILITIES PS 0.55
INTANGIBLE ASSETS PS 0.13 LONG TERM LIABILITIES PS 0.36
FIXED ASSETS PS 0.56 TOTAL BORROWINGS PS 0.909
LONG TERM ASSETS PS 0.01 GROSS MARGIN PS -
TOTAL ASSETS PS 1.343

=======================================

NOw haf 2 see whether Tabung Haji or its other main shareholder will support push up or throw down its price.
I feel its too risky leh...


This post has been edited by viper88: Nov 27 2008, 07:50 AM

guys, one question. let's say this counter ex-date for dividend is today. If buy today, will I get the dividend??

ex. these counters

7668 HAIO Final Dividend 32% 27/11/2008 - 01/12/2008 10/12/2008
3255 GUINESS Final Dividend 14 Sen T.E. & 17 Sen Less Tax 27/11/2008 - 01/12/2008 22/12/2008
1082 HLFG First Interim Dividend 9 Sen 27/11/2008 - 01/12/2008 18/12/2008
5193 KURNIA A Single Tier Interim Dividend 10 Sen T.E. 27/11/2008 - 01/12/2008 19/12/2008

If Ex-today, you need to buy before today's date to get entitle.
Meaning if buy 2day, you wont get dividen.
You need to buy before the ex-date n keep it to get entitlement.
You are free to sell on the same day of ex-div date coz you already get the dividen ma. Normally share go down abit on ex-div date.
Some like Zelan shoot up instead..

Cheers,
v_viper88

Your share will go down by the same amount as the dividend payout. Meaning, if ABC is RM10.00 and gives out RM1 dividend, on ex-date the share would be listed at RM9 (10-1). So you mostly buy dividend shares for long term, there's no advantage to be gained by selling on the ex-date.

Thx for the input. Haizzz... now only have time to go online... looks like I already missed the boat. Already reached the bottom and shot up! Now trading at 0.550.....

so quiet today. No more shopping liao. ... barring unseen circumstances, I think massive shopping day is over liao....

Tonight DJIA close R?

Thanksgiving Day?

wow... what happen to Low yat??? until now only can login

Yeah took some time for me to login as well.

Pana, r u going to the Maybulk GM this 10th of Dec?

ASW2020 open another 1b unit, all forumer went Q in the bank?

This post has been edited by htt: Nov 27 2008, 11:32 AM

so silent today ..

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Added on November 27, 2008, 11:42 amknm din drop today

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Added on November 27, 2008, 11:52 amknm 0.565 now

This post has been edited by mo_meng: Nov 27 2008, 11:52 AM

Foreign selling seem to be stopped for time being. KNM reported good result yesterday.

Why wasting your time Q in the bank? Stock market are more attractive now

wat's ASW2020?
Amanah Saham? high return rate?

This post has been edited by fergie1100: Nov 27 2008, 11:57 AM

Nvm.. ur Zelan is moving up strongly..
I've sold all my lionind at 0.67.. made about rm800 bucks..
Duwan pay tax

Cheers,
v_viper88