QUOTE(Freelancer @ Feb 11 2009, 11:21 AM)
Errr.... were you asking me? I don't buy warrants as I don't really understand them..... Stock market V20, Bull mali mali..
Stock market V20, Bull mali mali..
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Feb 11 2009, 11:31 AM
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#81
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Feb 11 2009, 11:32 AM
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#82
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(jasontoh @ Feb 11 2009, 11:31 AM) KLSE win, I lose. Added on February 11, 2009, 11:33 am QUOTE(mo_meng @ Feb 11 2009, 11:32 AM) Haha..... are you planning to unload LCL? I'm planning to keep it...... What's your average buying price? This post has been edited by kmarc: Feb 11 2009, 11:33 AM |
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Feb 11 2009, 11:40 AM
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#83
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Feb 11 2009, 01:36 PM
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#84
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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.... QUOTE(viper88 @ Feb 11 2009, 12:46 PM) Dang.. now only get the news on Resorts.. sia..i sold all my resorts ady. This post has been edited by kmarc: Feb 11 2009, 01:36 PMWanted to keep for long term investment but i love Zelan more... Those who have resort at around 2.25 now sure happy lor.. may extend up to 2.46 » Click to show Spoiler - click again to hide... « |
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Feb 12 2009, 10:20 PM
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#85
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(chyaw @ Feb 12 2009, 05:41 PM) I think tomorrow LCL will fly. Below is the announcement. Errr..... I don't really understand the bolded words.... isn't that bad? 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. 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 |
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Feb 12 2009, 11:11 PM
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#86
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
QUOTE(eltaria @ Feb 12 2009, 10:56 PM) Actually, this is BAD NEWS... Here's the original announcement: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.. 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..... |
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Feb 13 2009, 01:13 PM
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#87
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
Wow! Happy day for everybody! My goreng stocks also going up!
Actually, I wished LCL would drop further so that I can average down (as my ABP is higher).... anyway, up also can la... This post has been edited by kmarc: Feb 13 2009, 01:13 PM |
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Feb 13 2009, 01:22 PM
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#88
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Feb 13 2009, 04:11 PM
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#89
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
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Feb 13 2009, 06:50 PM
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#90
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Elite
14,576 posts Joined: May 2006 From: Sarawak |
Errr... why did our market rally?
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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