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 Stock market V20, Bull mali mali..

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kmarc
post Feb 11 2009, 11:31 AM

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QUOTE(Freelancer @ Feb 11 2009, 11:21 AM)
Did you managed to get 100k or more units of Resorts-CI at 0.065 or 0.070?
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Errr.... were you asking me? I don't buy warrants as I don't really understand them..... wink.gif
kmarc
post Feb 11 2009, 11:32 AM

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QUOTE(jasontoh @ Feb 11 2009, 11:31 AM)
You can compare your performance with KLSE from Nov. You lose more or KLSE?
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KLSE win, I lose. smile.gif


Added on February 11, 2009, 11:33 am
QUOTE(mo_meng @ Feb 11 2009, 11:32 AM)
kmarc i still same boat with u on LCL haha the most is titanic together lo haha
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Haha..... are you planning to unload LCL? I'm planning to keep it...... What's your average buying price? hmm.gif

This post has been edited by kmarc: Feb 11 2009, 11:33 AM
kmarc
post Feb 11 2009, 11:40 AM

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QUOTE(mo_meng @ Feb 11 2009, 11:38 AM)
aiya LCL i hold very less units no need so scare .. just hold longer lo
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I see....

Wow! Resort is starting to move! Any reason? hmm.gif
kmarc
post Feb 11 2009, 01:36 PM

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Wah! How come you exit RESORT so fast? I'm planning to hold on to mine as it is a good counter (my ABP is 2.30).

You are still confident about ZELAN huh? One of these days, I might just get ZELAN again, just in case some interesting thing happens.... laugh.gif


QUOTE(viper88 @ Feb 11 2009, 12:46 PM)
Dang.. now only get the news on Resorts.. sia..i sold all my resorts ady.
Wanted to keep for long term investment but i love Zelan more... tongue.gif
Those who have resort at around 2.25 now sure happy lor.. may extend up to 2.46 rclxms.gif

» Click to show Spoiler - click again to hide... «

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This post has been edited by kmarc: Feb 11 2009, 01:36 PM
kmarc
post Feb 12 2009, 10:20 PM

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QUOTE(chyaw @ Feb 12 2009, 05:41 PM)
I think tomorrow LCL will fly. Below is the announcement.

7177    LCL    LCL CORPORATION BHD 
DESIGN, SUPPLY & INSTALLATION FIT-OUT WORKS (TIARA UNITED TOWER) IN DUBAI 

DESIGN, SUPPLY & INSTALLATION FIT-OUT WORKS (TIARA UNITED TOWER) IN DUBAI ("THE
PROJECT")
Reference is made to the earlier announcement dated 9 January 2008 (Ref:
LC-080108-6011)whereby LCL Corporation Berhad ("LCL") via its Dubai based
company, LCL Interiors Contracting LLC ("LCLIC"),was awarded the contract of
design, supply and installation of interior Fit-out works for Tiara United
Tower, Dubai ("the Project") at a total contractual sum of AED156,000,000. LCLC
had received an advance payment of 25% amounted to AED39,000,000 and subsequent
payments were based on the monthly progress claims based on the certification
of work done.
LCLIC has on 7 February 2009 and subsequently on 10 February 2009, received
notification and further clarification from the Main Contractor, Arabtec
Construction (LLC) ("Arabtec") that the employer, Zabeel Investments ( the
owner of the Project) has decided to change the function, purpose and character
of the Project. This has resulted in change of work scope by Arabtec, thus
resulting in the omission of the complete interior-fit out works for the
Project undertaken by LCLIC
.
In consequence of the above changes, LCLIC has been notified by Arabtec to
submit its final payment claim for costs, expenses and all other incidental
entitlements in respect of the Project. Taking into consideration the potential
final payment settlement from Arabtec, the above changes shall have no material
financial impact to the Group's earnings.
This announcement is dated 12 February 2009.
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Errr..... I don't really understand the bolded words.... isn't that bad? hmm.gif

From what I understand, LCL will be paid for the amount of work they have done since Jan '08...... no job after that....

This post has been edited by kmarc: Feb 12 2009, 10:21 PM
kmarc
post Feb 12 2009, 11:11 PM

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QUOTE(eltaria @ Feb 12 2009, 10:56 PM)
Actually, this is BAD NEWS...

What it means is that, previously on 9th Jan 2008, they were awarded the contract

However, on 10th Feb 2009 LCL were told that the project has been put on hold/cancelled/whatever and that LCL needs to submit its FINAL PAYMENT CLAIM FOR COSTS.

Depending on the stage of their work, they would need to make a claim for their costs... if the project is 50% completed, probably their claim will be 50% too?

Also note the 2nd bolded part.  Taking into consideration the potential final payment settlement from Arabtec
Potential final payment... means they not even sure if they're gonna get paid... Got potential only..
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Here's the original announcement:

QUOTE
Design, Supply & Installation Of Interior Fit-out Works ( Tiara United Tower) In Dubai ("The Project")
BackJan 09, 2008

INTRODUCTION

LCL Corporation Berhad ("LCL" or the "Company") is pleased to inform that its UAE based company , LCL Interiors Contracting LLC , has on 8 January 2008 received a Letter of Award dated 24 December 2007 ("LA") from the main contractor, Arabtec Construction (LLC) ("ACL") as nominated by Zabeel Investments ( the owner of the Project ) for the design, supply and installation of Interior Fit-out works for Tiara United Tower, Dubai at a contractual sum of AED156,000,000 (approximately RM145,000,000).


DETAILS OF THE PROJECT

The Project shall commence immediately and it is expected to complete by middle of year 2009. The payment terms shall be an initial advance payment of 25% and subsequent payments are the monthly progress claims based on certification of work done . The Project was secured through a normal tendering process. The said LA is available for inspection at the registered office from Monday to Friday between 9 am to 5 pm.


FINANCIAL EFFECT

The Project is expected to enhance the earnings of the Group but does not have any material effect on the net asset per share, gearing, share capital and substantial shareholders of the Group.


APPROVAL REQUIRED

The Board of Directors, after due consideration, is of the opinion that the Project is in the best interest of the Company. The Project being incurred in the ordinary course of business, is not subject to the approval of the shareholders or any relevant authorities


DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

None of the directors or major shareholders or persons connected to them have any interest, whether direct or indirect in the Project.


Looks like they still have half a year of jobs left.........

Oopsss, looks like the Dow has broken it's 8000 support line..... sweat.gif
kmarc
post Feb 13 2009, 01:13 PM

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Wow! Happy day for everybody! My goreng stocks also going up! rclxms.gif

Actually, I wished LCL would drop further so that I can average down (as my ABP is higher).... anyway, up also can la... thumbup.gif

This post has been edited by kmarc: Feb 13 2009, 01:13 PM
kmarc
post Feb 13 2009, 01:22 PM

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QUOTE(mo_meng @ Feb 13 2009, 01:18 PM)
haha u hope it up to 0.69 (if i not mistaken) haha
than i will be very de happy haha
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My LCL? It is now at 0.62 ABP.... wink.gif
kmarc
post Feb 13 2009, 04:11 PM

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cry.gif AMMB running away..... look at their nice financial report..... cry.gif
kmarc
post Feb 13 2009, 06:50 PM

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Errr... why did our market rally? hmm.gif Is it because of the stimulus package which is only going to be unveiled next month?

Ahhhh, might be also due to this : http://www.btimes.com.my/Current_News/BTIM...icle/index_html

This post has been edited by kmarc: Feb 13 2009, 07:03 PM

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