i did some calculation last night,
i decided to sell of most of my "rubbish" shares & get a PBBANK shares

i am not good in looking at graph, but judging from PBBANK performance in year 2007
it is moving upwards, bits by bits
from RM 7.xx to RM 11.xx (the share price went up RM 4.00 in a year)
the shares went deep down in Feb & Aug 2007

Feb 2007 : unknown factor, according to the seniors here, composite went down 100 points on that day itself!
(i wasn't at the stock market that time, so i am not sure what was happening)
Aug 2007 : US subprime issue, hit most region markets badly, every counters are down



what i want to highlight here is,
PBBANK shares is pretty stable
the max it went down during Feb & Aug 07 was around RM1.00
and then it slowly take a couple of month to climb back, and move upwards

based on my observation, safe price to buy PBBANK is around 10.80
but due to the upcoming financial report & dividends declaration (probably next week)
i expect the price to go up above RM 12.00

therefore, let's see how it react on Monday (since DJIA plunge 200++ points on friday night)
i shall report again once i got the shares
my TP is RM 12.00 (for short term), while RM 15.00 (for long term)

how many lots have you bought ?

another reason for getting PBBANK, is the dividends

Year 2007
Interim 25¢ - 01-Aug-07
Final 30¢ + Special 10¢ - 16-Mar-07

Year 2006
Interim 20¢ - 03-Oct-06
Final 20¢ + Special 15¢ - 21-Mar-06

Year 2005
Interim 20¢ - 08-Aug-05
Final 35¢ + Special 15¢ - 01-Apr-05

This post has been edited by panasonic88: Jan 12 2008, 12:37 PM

i havent own any yet, but SOON!

one of my resolution for the year (in share market), is to own a heavy weight counter, which could help me to roll in more money by the end of the year 2008

if want to look at dividend should look at maybulk and berjaya toto

last friday, early morning at 9 something
i look at the movement of PBBANK, PBBANK-O1 & its call warrants
the call warrants & PBBANK-O1 started to move
but PBBANK still at the previous day closing price, which was 11.00

i sense something,
so i quickly call up my remisier to buy PBBANK (for intra day purposes)
i queue at 11.00, mana tau, not long after, the price went up to 11.30 (highest for that day), haha!



you guys may buy the PBBANK-CD (to keep for atleast a week)
reason : PBBANK will announce its financial report on the coming week, and also announce the dividends for March 2008
once mothershares move, the child will follow
look at the statistic on last friday, PBBANK-CD is one of the top trading volume

Good choice Pana, maybe I'll join you if I can free up some cash. But I kind of worry that now everyone want to push up KLCI, we may be caught in a bull trap. But RM10.80 is a fair price for PBBANK, I prefer it below RM10 though.

exactly, that is part of my concern, too - that market now is too bullish, due to the pre-GE rally
therefore i plan to slowly accumulate, getting 500 to 600 shares first, and when market is cooling down, buy in again, until i accumulate 1000 shares

once i reached my 1000 shares target
and if i have extra cash & price is attractive, i'll set 1500 shares as my next target.

PBBANK is one sound dividend counter to keep in your portfolio.
The chairman himself (Tan Sri Teh Hong Piow) is one of our most respected corporate leader. Recently I saw his book at MPH, regarding his story. He's another inspiration, next to late Tan Sri Lim Goh Tong.
As long as he's running PB, the stock will be stable and growing at the same time. Good one Pana

If u read my reply to the begineer, don remember wht name..my sugguest to buy in PBank is 10.80...Yeah!! we hv the same mind!!!



I do not know how u got this RM10.80; but let me share with all of us here...how i define RM10.80

I have calculate it's EPSGR abt 15%, intrinsic value RM14.50, 25% of the 14.50 will be 10.80 (Only advise small volumn for short term); but pls be carefull if this price also quite high...fair value RM 8.50..(wait for market crash to shop)...

I would buy after the next correction

Pana,
Remember to discount the potential dividend given out if really want to go for the CW, as dividend given out will be deducting the share price out.
I didn't do the fair value calculation on its CWs now but the dividend issue need to be taking into it.

If CWs is trading at discount after deducting out the potential dividend then CWs can be considered depends on individual issue which I will put on the below scenario especially regarding cash flow issue.
For eg.

You really want to buy PBBank at 11.00, so one will fork out 11K for it.

On the other hand,
(this seldom happened but do happen occassional when market tumble time) If PBBank-Cx after adding up conversion value and its price, total value let say it is trading at 1.00 (exercise 9.40, ratio 1:1) = 10.40, potential dividend expected in the period before Cws expired 0.60, so in this case, it is more wise to go for CW as you have the advantage of gearing.
As CW will move tightly with mothershare price, even if its expire, you can fork out the money to buy its mothershare latter which in turn has the same amount and effect with initially straight away fork out 11K for it.
That's how hedge funds, portfolio managers play their game on it.

Scenario 1
Fork out 11k straight away

Scenario 2
Buy fair value/discount CW/W at 1.00 (to simplify the case without consider dividend first exercise price 10.00, ratio 1:1), you free out the 10K in the period before CW expire, the 10K even put in FD still gain interest out of it.

Eg. when CW expire time
Pbbank share drops to 10.00,
Scenario 1 & 2, both lose 1K, same. You stil can fork out 10K to buy it afterwards when CW expired which in turn same as 11K initial put out

Pbbank share drops to 9.00
Scenario 1 lose 2K
Scenario 2 lose 1K, while you can fork out 9K which become total cost of owning Pbbank become 10K only compared to 11K initially.

Pbbank share goes up to 12.00
Both gain 1K while scenario 2 gains extra FD interest out of 10K in the period before CW expired.

This only applicable to Warrant or CW that are trading at fair value or discount after taking account of dividend issue.

Just sharing some information. Judge you own based on which one suit to you.

This post has been edited by cherroy: Jan 12 2008, 02:44 PM

Since u do like Dato Teh Hong Piow so much, do u study at another share LPI capital Bhd 8621 own by him??? The performance of this share s not bad too...

like i said b4, its act tradin vry near to long term upper trendline.. if u belief it can break d trendline, yes, its a good time to buy.. goodluck

I do like PBBank too... But i'm concern over his successor planning... If i'm not mistaken he's quite old already...



Sourced from wikipedia, he's now at the age of 78...

Yeah I remember reading an article about PBBANK not having an obvious successor like Genting.

Buy PBBank at RM8.50 this is the fair value. Let change topic to another counter LPI capital

What's the current PER of PBBank?

PER:21.60
DY: 5%
Sourced from KLSETracker.

That PER would be based on last years EPS. More current would be around 18x PER or so.