Fire Sales- Any Taker ?

LionDiv continue the fall from 0.845 to 0.59.

Now the total Market Cap is only RM435 mil. against it's NTA of 2.68 per shares or SHARHOLDERS FUND of RM1975 mil.

Icap Mr. Tan Teng Boo said in it's AGM this year that he didn't manage to sell all it's Liondiv because the price is not attractive when fall below 2.10.

I am still puzzling who is the seller to sell at 0.60 & why ?

FIRE SALES ? ANY TAKER ? AT LIQUIDATION PRICE !
OR MR. MARKET HAVE GONE CRAZY.

From Now on to Oct 2008

Watch closely for the political development during this period.

Face -off between BN & PR.

Since Abdullah Badawi dare not to take the risk to call an urgent meeting in Parliament now, I guess BN govt will try to use the limited time now to win back the support of their MP.

If Adullah or UMNO fail, and Anwar eventually manage to get the 31MP to crossover and form a PR Govt;

Anything could happen in this period, UMNO will not let go the POWER so easily. ( I don't think they will act like a gentlemen)

This will be a Stormy Month(s).

SUPER MEGA SALES COMING BACK- AGAIN!

KLCI GAP DOWN TO 980 POINTS.

ENJOY SHOPPING ! SUPER MEGA SALES AGAIN.

WHICH ONE IS THE MOST VALUE BUY ???

HOME MINISTER MUST RESIGN FOR ABUSING OF POWER

THIS IS OBVIOUS A CLEAR CASE OF ABUSING POWER BY ARRESTING RPK, TERESA & THE JOURNALIST TAN UNDER ISA

ALL OF US , INCLUDING MCA, GERAKAN & BN COMPONENT PARTIES MUST REQUEST SYED HAMID, THE HOME MINISTER TO RESIGN BY ABUSING POWER ENTRUSTED BY RAKYAT.

YOU MUST RELEASE ALL DETAINEE & RESIGN! SYED HAMID.

Sin Chew reporter arrested under ISA !?????????

The news from TheMalaysianInsider : Sin Chew Reporter arrested under ISA !

Oh My God! The Malaysian Government is hitting the wrong person. What's wrong for the reporter to report news. To report the true news.

This is confirmed again that The UMNO Govt is BEYOND REDEMPTION !

I WILL SEE HOW MCA & GERAKAN RESPONDED TO THIS ISA EVENT.

SHELLS THAT BELONG TO AHMAD

Many of us in Penang received SMS & email to suggest 'Stop using SHELL that belong to Ahmad in Penang Island'

We may disagree to Racist Remarks by Ahmad, & he has been punished by his party UMNO by suspending his membership by 3 years.

Let the Police do their job, prosecute him if he has offended the LAW.

It's totally unnecessary to boycott his Biz, things will get back to normal eventually if everyone act reasonably.

Don't push someone into corner.

CONFIRMED! UMNO IS BEYONG REDEMPTION

Just look at how UMNO leaders behave before 308 General Election, how UMNO run it's Permatang Paul campaign & how Abdullah & UMNO leaders' 'tidak apa' attitude in Ahmad's racist remark.

It's CONFIRMED ! UMNO IS BEYOND REDEMPTION!!

Within UMNO, there are not just One, but many more AHMAD, maybe hunreds or thousands more AHMAD in UMNO. It's not difficult to reason out why Abdullah not able to punish Ahmad.

EVERY MALAYSIAN, MALAY , CHINESE, INDIAN & OTHERS THAT LOVE THIS BEAUTIFUL COUNTRY, WHO WANT IT TO PROGRESS & PROSPEL MUST REJECT THIS BEYOND REDEMPTION UMNO.

LIONDIV @0.845 ON 19/8/2008

LionDiv continue to fall to new low today after the demerger with Parkson.

If you have bought it at price above 1.50 & have not cut it early), it's scary to watch it drop non-stop to 0.845 today.
( match the drop in CI from 1500 - 1068)

I am wondering why there are so many seller at this price ?
At 0.845, Liondiv has selling at a discount of 70% against it's March'08 NTA of 2.70.

Now you have a chance to own a Biz on one of Malaysia's Major steel mill at price of 70% discount.

Is there not enough Safety of Margin ?
Have not the risk of political uncertainty fully factor in the price ?
Still want to wait for CI to hit 950 point ?

This make me recall back what has happen to LionInd in 2005-2006. A falling knife drop to 0.60 before rebound to 3.00 in early 2008.

Gerakan's MP Tan Lian Hoe : PULL OUT

Dr Koh quashes talk of Gerakan pullout move

the star 18/8/2008:

IPOH: Perak Gerakan wants the party to pull out of Barisan Nasional in view of coalition leaders adopting a political culture that garners support from only one particular communities.

About 80% of the delegates expressed that view during the Perak delegates’ conference yesterday.

Perak Gerakan Wanita chief Datuk Tan Lian Hoe, who is also national Wanita chief, said initial feedback from the delegates indicated that they were dissatisfied with Barisan leaders who used racial issues to garner support from members.

Is this an indication of GERAKAN'S MP CROSSOVER to Pakatan Rakyat ?

Will Anwar's promises realised on 16/9/2008 ?

ALL OUT TO VOTE IN PERMATANG PAUH

WE CAN NOT AFFORD EVEN TO MISS A VOTE !
IF BN NOT RECEIVING OUR MESSAGE IN 308 ELECTION,

WE MUST SENT A STRONGER MESSAGE THIS TIME IN PERMATANG PAUH

MUST GO TO VOTE, WHERE EVER YOU ARE, GIVE ANWAR A BIGGEST MAJORITY !!!!