And so here is V18. Surprised no one created after 125 pages.

Hehe lower KLCI good for us to pick up, so that we can 'fatt' in 5 years time.

I think will be like Gamuda's case. CEO will make a public appearance about needing the money for something else blah blah. Still confident of company and will stay with company. 2 months down the road, all their contracts are either under review or cancelled. ^^

They didn't buy that today, that was bought on 12/11/2008. Buys and Sells by substantial shareholder are not shown until a week later. So if the major shareholders are selling, you won't know until they announced it a week later. Only buybacks are reported within the day.

I think because early trade people put any price they want and some are more bearish while some are bullish. So the initial start will be a bit off. But once the trades are started the general direction is know, then the market will adjust itself towards it.

Ahahaha Awesome story

I don't know why but I keep questioning the reason why the director is disposing the shares to the market. Even if the contract their contract tenure is not renewed, they can still keep the shares if the prospects of Zelan is good. Furthermore, if they had a clause that they need to sell the shares, they could've arranged for a negotiated offer for their 5% holding. Rarely you see directors dumping the shares unless something is amiss.

Especially when there is a dividend payout due in December. And they know this because they are in the board that approves it.

By selling off everything in the market uncontrolled, they are basically getting out as fast as they can. Even substantial shareholders JPMorgan which is now not a substantial shareholder anymore, is dumping the shares slowly. Since they are not a substantial shareholder or below 5% holdings, they do not need to report anymore of their dumping activities. So I won't be surprised if Zelan share continue to weaken from this activities.

So I hope people who are buying this share for 'long term' holding, ask themselves this, WHY is the big fishes running? What is it they know that we don't?

That's what I mean, if there is some sort of arrangement between MMC and the other main shareholder, they can easily trade the shares with a mutual agreement or transfer since it is a substantial amount. Instead the major shareholder dump the share like nobodys business into the open market.

I repeat again about the dividend. If the director knew about the dividend, which I'm sure they do because they are part of the board which approve it, why isn't he waiting until after the dividend, then dump the share?

If he is the director, he should know what are the prospects of Zelan, if it is good, then why is he dumping the share? Same with the CEO.

If Zelan is rumored to be taken private, then why again is he dumping the share, he might get a better price since he is a major shareholder.

Too many red flags are being raised here. I don't own any Zelan but I can't help but wonder why people aren't seeing Gamuda V2 here.

So how many people got trapped with Zelan?

I believe still got a lot of selling pressure for this counter. They just waiting for it to go higher a bit before they dump to the massive buy queues.

Hmmmm virgin but no luck.

I think the question is, if the rumoured takeover price is higher than the current selling price, he could've waited for the offer.

He could even sell it to the market if the offer price announced is higher than now.

But he didn't and instead sell it all off now on the current market.

Conclusion?

Just in case no one notice, MMCCORP share price drop 15% today.

Could be but then there is no news about that.

Normally if the buy-over is a good thing the shares will go up. If it is bad, it'll go down.

Reading the OSK research paper for their 3Q report indicates that they actually made some forex losses and investment losses. And disregarding the sale of their vessel, they actually made a net loss this quarter.

Look down a few more lines and see the un-realised loss in quoted investment is RM60mil.

The loss is also noted in their financial notes in the quarterly report.

Well that would suck then. But then goes the same with any other banking entity that does not have government guarantee.

Wow talk about bad luck. Those were affected badly after the elections.

Tenaga you can keep, because no matter what they will slowly climb up.

Kinstel I suppose is still ok right? Steel company but since the prices of steel have dropped, so need time to rebound albeit slower.

Scomi no comment.

Iris lagi no comment.

MKland never heard of them .

Yeah took some time for me to login as well.

hehe I see you haven't paid any tuition fees yet. Your perception of stock market will change after that normally.