yay! Monday can sell my Sapcres already!
Kinwawa, are you selling yours?

thanks....1000 lots how I wish

altogether 80 lots bought last week one maybe can sell next week.
How about you, Sky, any shares you plan to sell next week?

THE BUSINESS TIMES
Ringgit likely to appreciate
Published: 2008/11/22

THE ringgit is likely to appreciate against the US dollar next week on speculation that Bank Negara Malaysia (BNM) will cut interest rate next week, dealers said.

BNM’s next monetary policy meeting will be held on Monday.

The central bank has kept the country’s overnight policy rate (OPR) unchanged at 3.50 per cent.

A dealer said if there is a cut in interest rate, it will spur demand for the local unit.

They said the ringgit was likely to be at 3.6 level for the week and would track the movements of regional currencies.

During the week just-ended, the ringgit was traded lower against the US dollar as the greenback was steadier in the global market.

On a week-to-week basis, the ringgit depreciated against the greenback to 3.6180/6130 compared with 3.5930/5980 last Friday.

Against the Singapore dollar, the local unit appreciated to 2.3608/3664 from 2.3696/3752 last week. It was lower against the yen at 3.7980/8053 from 3.7057/7116 previously.

The ringgit was also lower against the British pound at 5.3706/3794 from 5.3475/3563 last Friday but it increased against the euro to 4.5319/5393 from 4.5635/5709 previously. — Bernama

you guys who bought zelan may be excited today.
MMC make take Zelan private or inject MMC into Zelan

P/S
Double-check first before you believe the news






DJ MMC May Take Zelan Private Or Inject MMC Unit Into Zelan-Report

--------------------------------------------------------------------------------



KUALA LUMPUR (Dow Jones)--Malaysian conglomerate MMC Corp (2194.KU) may take Zelan Bhd. (2283.KU) private or inject its 99.9% owned construction unit MMC Engineering into Zelan to strengthen its grip on the company, the Edge reported over the weekend.

Citing unnamed sources, the financial weekly said the moves are being considered after the company announced last week that Zelan's Chief Executive and founding member Albert Chang won't have his employment contract renewed.

MMC owns 39.3% of Zelan and Chang holds a 14.7% stake.



Newspaper Web site: http://www.theedgedaily.com.my



-By Kuala Lumpur Bureau; Dow Jones Newswires; 603-2692-5254; djnews.kldowjones.com



(END) Dow Jones Newswires

November 23, 2008 19:12 ET (00:12 GMT)

Copyright © 2008 Dow Jones & Company, Inc.

But Viper, how come you so lucky to get @ 0.79 cum-div? Last week low was 79.5, maybe my monitor info incorrect.
Today, I thought of entering, but lowest was already@ 0.78 ex-div

how lucky you!

This post has been edited by sharesa: Nov 24 2008, 10:11 AM

waiting for what?

later today

its sheer luck, if not the news of taking private on Sunday, it may not be running today.

any of you guys took opportunity to sell at a small profit?

means time to buy

example, if you bought on Friday @ 0.80, this morning can sell @ 0.85, now back to 0.80 can buy back-lor....

my bet is opposite....it will go up although marginally due to interest rate cut, if any. Otherwise, vice-versa.

belom tau lagi...
1 hour more of trading, that last 30 minutes can make a big difference.....

target price by analysts is 0.90, so if the buyover is true, could be around that price.

I am guessing that when he's contract not renewed and asked to leave for whatever reasons, his terms could be to reduce or sell off his stake to facilitate the execution of the company's plans.

don't forget that these executives get special price when they buy. Par value is 0.50, he could have got it somewhere 0.50 - 0.80, as he also bought in bulks. He still makes if he sells around present price

he could have a contract clause that stipulates he has to sell off stake when he is asked to leave (terminate contract)

---

Added on November 24, 2008, 4:36 pmusually a company that offers to buy over will face a sell-down, because they need to raise money to execute the process. In order to raise money, it can be a form of loan from present MMC shareholders, thus the selling

This post has been edited by sharesa: Nov 24 2008, 04:36 PM

Good or bad , especially during these times, where extending credit financing is cautious by banks, this sort of news usually get knee-jerk negative reaction by the shareholders of takeover company as they feel uncertain.