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wunderland Member	19-Apr-2018 09:12        wunderland About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I also saw this piece of news and got quite worried. But amidst the rising oil prices, I am wondering what is the overall impact.... I' m vested. NextEvolution      ( Date: 19-Apr-2018 07:38) Posted: Interesting to see how Falcon move today with the summary judgement in favour of Ambank over US$20m. In recent days, there's big block of buying queues parked especially at 4.q, and a few occasions, to as high as 4.4. Were they there to trap retailers to buy up while these holders sell off their holdings? Not vest since I sold off all on Tues
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onionknight Veteran	19-Apr-2018 09:05        onionknight About Contact  Quote this Post!
x 1   x 0  Alert Admin	No need to get defensive lol. I know who you are, paint rosy pictures when you load and flip 180 deg once you sell, then gloat how smart you are at reading prices and throw rocks at who are in potential troubles so you can add more when it crash. But without those who took from you, you won't be able to sell either. What comes around goes around. Good luck in your investment in sparkman, but since you always miraculously get the perfect entry/exit price, I guess wishing that for you is unnecessary. Haha NextEvolution      ( Date: 19-Apr-2018 08:57) Posted: I got flushed out because this Falcon is my most profitable trading counter for April. Did u load at 3.5 and sell off at 4.4/4.5? I did and still managed to make more with intraday trades .... LOL onionknight      ( Date: 19-Apr-2018 08:52) Posted: I guess most retailers are flush out like nextevolution due to price inactivity last week, and the debt which has to be repaid anyway and this very reason has already suppressed the price from 10 cents to 4 cents now, back then when oil was still weak and debt restructuring not completed. Not much more this negative factor can do.
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onionknight Veteran	19-Apr-2018 08:58        onionknight About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not vested as I have parked my funds at the bank for dividend seasons... but those who are, all the best.
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NextEvolution Elite	19-Apr-2018 08:57        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	I got flushed out because this Falcon is my most profitable trading counter for April. Did u load at 3.5 and sell off at 4.4/4.5? I did and still managed to make more with intraday trades .... LOL onionknight      ( Date: 19-Apr-2018 08:52) Posted: I guess most retailers are flush out like nextevolution due to price inactivity last week, and the debt which has to be repaid anyway and this very reason has already suppressed the price from 10 cents to 4 cents now, back then when oil was still weak and debt restructuring not completed. Not much more this negative factor can do.
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onionknight Veteran	19-Apr-2018 08:52        onionknight About Contact  Quote this Post!
x 0   x 0  Alert Admin	I guess most retailers are flush out like nextevolution due to price inactivity last week, and the debt which has to be repaid anyway and this very reason has already suppressed the price from 10 cents to 4 cents now, back then when oil was still weak and debt restructuring not completed. Not much more this negative factor can do.
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NextEvolution Elite	19-Apr-2018 08:52        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	Music haven't started yet. If 4 and 4.1 support walls broken, could see below 3.5. think Falcon is today's favourite O&G shorting stock .... other than Ezion muifan      ( Date: 19-Apr-2018 08:34) Posted: bo daiji at the moment
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muifan Supreme	19-Apr-2018 08:34        muifan About Contact  Quote this Post!   Yells: "Take the leap of faith dont regret 20 years later!"
x 0   x 0  Alert Admin	bo daiji at the moment
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NextEvolution Elite	19-Apr-2018 07:38        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	Interesting to see how Falcon move today with the summary judgement in favour of Ambank over US$20m. In recent days, there's big block of buying queues parked especially at 4.q, and a few occasions, to as high as 4.4. Were they there to trap retailers to buy up while these holders sell off their holdings? Not vest since I sold off all on Tues
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TraderBen Supreme	19-Apr-2018 05:07        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those were the days.. when ezion was trading at $2 plus. Ezra and swiber also around and were market darlings Volmax      ( Date: 19-Apr-2018 00:01) Posted: Falcon still owns 61% of CHO. With oil price stabilizing at around 70, it is profitable for oil company to carry out deep sea exploration and both Falcon & CHO are bound to benefit from the revival. In the past, 20mil is small change to Falcon, remember they once ordered 4 rigs for over 700mil? I don' t see they have any problem to settle it, just give them some time.
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FlyingTotoro Member	19-Apr-2018 00:42        FlyingTotoro About Contact  Quote this Post!
x 0   x 0  Alert Admin	you are right, currently what we say is just speculation. anyway, sometimes the bbs work by observing retailer' s reaction too. after this saga, as soon as the retailer realized it is just debt repayment came earlier than expected (or not), the price will come back and even have some upside since now it is still way under NAV of 20 cts and let' s not forget, they are going to appeal. once all the legal ding dong settled, dunno how many quarters have passed and falcon could be already gaining profit after profit under current oil recovery and its cash flow situation will be quite different from now. sheerluck      ( Date: 19-Apr-2018 00:19) Posted: Of course not but this is a period when O& G company need loads of cash to continue operate.  Bank dont extend more loan already buay tahan.  Bank wants to recall loan lagi shiong.  FEG cash balance is currernt US$13mil.  Cashflow from operation is poor. Well if this is indeed controlled by BB, good news, bad news, zero news no matter.  Only what they say count. Will see how this gets played tmr. FlyingTotoro      ( Date: 18-Apr-2018 23:45) Posted: Correct me if I misunderstood, but there was no way falcon could have written this debt off - all along it was just a matter of time. am I right to say that? That' s why since august, falcon has never went back to above 10 cts, even with a NAV of 20 cts factoring in this debt, at current price of 4.3 cts it is still somewhat underpriced compared to other O&
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sheerluck Supreme	19-Apr-2018 00:19        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Of course not but this is a period when O& G company need loads of cash to continue operate.  Bank dont extend more loan already buay tahan.  Bank wants to recall loan lagi shiong.  FEG cash balance is currernt US$13mil.  Cashflow from operation is poor. Well if this is indeed controlled by BB, good news, bad news, zero news no matter.  Only what they say count. Will see how this gets played tmr. FlyingTotoro      ( Date: 18-Apr-2018 23:45) Posted: Correct me if I misunderstood, but there was no way falcon could have written this debt off - all along it was just a matter of time. am I right to say that? That' s why since august, falcon has never went back to above 10 cts, even with a NAV of 20 cts factoring in this debt, at current price of 4.3 cts it is still somewhat underpriced compared to other O& G sheerluck      ( Date: 18-Apr-2018 23:11) Posted: Also to say the situation is indeed different on the lawsuit itself. While you can say it was a looming concern all along but back then it was a summon and a demand and by law, it was not in anyone favour yet since no ruling has been passed.  But now by law it is in AmBank favour.  Legally speakng, unless FEG appealed successfully, FEG need to repay AmBank that US$20mil
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Volmax Elite	19-Apr-2018 00:18        Volmax About Contact  Quote this Post!
x 0   x 0  Alert Admin	If I know, I sell house sell car to buy liao lah! Just an educated guess from the recent transacted volume. Having said, Falcon' s Management have seen many oil cycles up & down. Have faith and take your investment as fixed deposit with a guranteered good returns. PS: BB dun nid a reason or motive to move a stock up or down, what they nid is the retailer' s attention! FlyingTotoro      ( Date: 19-Apr-2018 00:05) Posted: if really is BB, what is their motivation to pump? was there any good news? Volmax      ( Date: 19-Apr-2018 00:04) Posted: Where got so many retailers day in day out absorbing the large numbers of shares for the past two weeks. Likely BB collecting lah
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sheerluck Supreme	19-Apr-2018 00:10        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Huh????  7mil sold and 7.9mil bought @4.2cts + 3mil bought @4.3cts become all absorbed by BBs? Berani      ( Date: 18-Apr-2018 23:46) Posted: today some1 absorb 17 million at 0.042 and 1 million at 0.043... do you think retailler or BB? If BB, dun think they will so silly to make such huge loss. sheerluck      ( Date: 18-Apr-2018 23:11) Posted: Also to say the situation is indeed different on the lawsuit itself. While you can say it was a looming concern all along but back then it was a summon and a demand and by law, it was not in anyone favour yet since no ruling has been passed.  But now by law it is in AmBank favour.  Legally speakng, unless FEG appealed successfully, FEG need to repay AmBank that US$20mil
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FlyingTotoro Member	19-Apr-2018 00:05        FlyingTotoro About Contact  Quote this Post!
x 0   x 0  Alert Admin	if really is BB, what is their motivation to pump? was there any good news? Volmax      ( Date: 19-Apr-2018 00:04) Posted: Where got so many retailers day in day out absorbing the large numbers of shares for the past two weeks. Likely BB collecting lah. Macqueen      ( Date: 18-Apr-2018 23:55) Posted: then should be retail l
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Volmax Elite	19-Apr-2018 00:04        Volmax About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where got so many retailers day in day out absorbing the large numbers of shares for the past two weeks. Likely BB collecting lah. Macqueen      ( Date: 18-Apr-2018 23:55) Posted: then should be retail lo Berani      ( Date: 18-Apr-2018 23:46) Posted: today some1 absorb 17 million at 0.042 and 1 million at 0.043... do you think retailler or BB? If BB, dun think they will so silly to make such huge loss
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Volmax Elite	19-Apr-2018 00:01        Volmax About Contact  Quote this Post!
x 0   x 0  Alert Admin	Falcon still owns 61% of CHO. With oil price stabilizing at around 70, it is profitable for oil company to carry out deep sea exploration and both Falcon & CHO are bound to benefit from the revival. In the past, 20mil is small change to Falcon, remember they once ordered 4 rigs for over 700mil? I don' t see they have any problem to settle it, just give them some time.
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Macqueen Master	18-Apr-2018 23:55        Macqueen About Contact  Quote this Post!
x 0   x 0  Alert Admin	then should be retail lo Berani      ( Date: 18-Apr-2018 23:46) Posted: today some1 absorb 17 million at 0.042 and 1 million at 0.043... do you think retailler or BB? If BB, dun think they will so silly to make such huge loss. sheerluck      ( Date: 18-Apr-2018 23:11) Posted: Also to say the situation is indeed different on the lawsuit itself. While you can say it was a looming concern all along but back then it was a summon and a demand and by law, it was not in anyone favour yet since no ruling has been passed.  But now by law it is in AmBank favour.  Legally speakng, unless FEG appealed successfully, FEG need to repay AmBank that US$20mil
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Berani Elite	18-Apr-2018 23:46        Berani About Contact  Quote this Post!
x 0   x 0  Alert Admin	today some1 absorb 17 million at 0.042 and 1 million at 0.043... do you think retailler or BB? If BB, dun think they will so silly to make such huge loss. sheerluck      ( Date: 18-Apr-2018 23:11) Posted: Also to say the situation is indeed different on the lawsuit itself. While you can say it was a looming concern all along but back then it was a summon and a demand and by law, it was not in anyone favour yet since no ruling has been passed.  But now by law it is in AmBank favour.  Legally speakng, unless FEG appealed successfully, FEG need to repay AmBank that US$20mil. sheerluck      ( Date: 18-Apr-2018 23:00) Posted: Now that you mentioned oil price... FEG share price was pretty reactive towards this issue with AmBank.  So far there are three announcement pertaining to this matter. 11 Aug 2017 - Writs of Summons only (not even Statutory dmeand) price dropped to the lowest of 3cts following the news.  FEG was still in the midst of hoaxing its noteholders to agree on its restructuring.  Brent ard US$50 10  Nov 2017 - Comes the statutory demand, price dropped 20%.    Brent ard US$64 5 Jan 2018 - AMBank withdraw statutiory demand but kept civil suit against FEG' s sub.  Price upped 10%.    Brent ard US$68 18 Apr 2018 (the lastest) - Court ruled in AmBank favour which is the outcome.  Price action?????  See tmr.    Brent ard US$73 During the first new, FEG is still in the midst of restructure.  Any bad news can shake it badly.  After the restructuring, FEG share price recovered well.  But the price still dropped quite a bit. This time round is potential US$20mil claim vs Brent @ US$73.  Which effect will be stronger?  Will get revealed tmr. Indeed it still has 20cts in NAV and has the lowest P/B ratio among its peers. Well there are pros and cons, market will decide or more correctly, BB will decide
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FlyingTotoro Member	18-Apr-2018 23:45        FlyingTotoro About Contact  Quote this Post!
x 0   x 0  Alert Admin	Correct me if I misunderstood, but there was no way falcon could have written this debt off - all along it was just a matter of time. am I right to say that? That' s why since august, falcon has never went back to above 10 cts, even with a NAV of 20 cts factoring in this debt, at current price of 4.3 cts it is still somewhat underpriced compared to other O& G sheerluck      ( Date: 18-Apr-2018 23:11) Posted: Also to say the situation is indeed different on the lawsuit itself. While you can say it was a looming concern all along but back then it was a summon and a demand and by law, it was not in anyone favour yet since no ruling has been passed.  But now by law it is in AmBank favour.  Legally speakng, unless FEG appealed successfully, FEG need to repay AmBank that US$20mil. sheerluck      ( Date: 18-Apr-2018 23:00) Posted: Now that you mentioned oil price... FEG share price was pretty reactive towards this issue with AmBank.  So far there are three announcement pertaining to this matter. 11 Aug 2017 - Writs of Summons only (not even Statutory dmeand) price dropped to the lowest of 3cts following the news.  FEG was still in the midst of hoaxing its noteholders to agree on its restructuring.  Brent ard US$50 10  Nov 2017 - Comes the statutory demand, price dropped 20%.    Brent ard US$64 5 Jan 2018 - AMBank withdraw statutiory demand but kept civil suit against FEG' s sub.  Price upped 10%.    Brent ard US$68 18 Apr 2018 (the lastest) - Court ruled in AmBank favour which is the outcome.  Price action?????  See tmr.    Brent ard US$73 During the first new, FEG is still in the midst of restructure.  Any bad news can shake it badly.  After the restructuring, FEG share price recovered well.  But the price still dropped quite a bit. This time round is potential US$20mil claim vs Brent @ US$73.  Which effect will be stronger?  Will get revealed tmr. Indeed it still has 20cts in NAV and has the lowest P/B ratio among its peers. Well there are pros and cons, market will decide or more correctly, BB will decide
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sheerluck Supreme	18-Apr-2018 23:11        sheerluck About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Work for your money first then let your money work for you"
x 0   x 0  Alert Admin	Also to say the situation is indeed different on the lawsuit itself. While you can say it was a looming concern all along but back then it was a summon and a demand and by law, it was not in anyone favour yet since no ruling has been passed.  But now by law it is in AmBank favour.  Legally speakng, unless FEG appealed successfully, FEG need to repay AmBank that US$20mil. sheerluck      ( Date: 18-Apr-2018 23:00) Posted: Now that you mentioned oil price... FEG share price was pretty reactive towards this issue with AmBank.  So far there are three announcement pertaining to this matter. 11 Aug 2017 - Writs of Summons only (not even Statutory dmeand) price dropped to the lowest of 3cts following the news.  FEG was still in the midst of hoaxing its noteholders to agree on its restructuring.  Brent ard US$50 10  Nov 2017 - Comes the statutory demand, price dropped 20%.    Brent ard US$64 5 Jan 2018 - AMBank withdraw statutiory demand but kept civil suit against FEG' s sub.  Price upped 10%.    Brent ard US$68 18 Apr 2018 (the lastest) - Court ruled in AmBank favour which is the outcome.  Price action?????  See tmr.    Brent ard US$73 During the first new, FEG is still in the midst of restructure.  Any bad news can shake it badly.  After the restructuring, FEG share price recovered well.  But the price still dropped quite a bit. This time round is potential US$20mil claim vs Brent @ US$73.  Which effect will be stronger?  Will get revealed tmr. Indeed it still has 20cts in NAV and has the lowest P/B ratio among its peers. Well there are pros and cons, market will decide or more correctly, BB will decide. FlyingTotoro      ( Date: 18-Apr-2018 22:36) Posted: The backdrop is also a bit different. last august oil price was 50, now it is exactly 20 dollars higher 20 dollars difference can bring loss to profit investors will also take note this factor before the summon falcon was at 10cts plus, so all along this has been a looming concern which suppresses its price falcon NAV stll 19cts ​
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