Nampaknya morning session HSI is sustainable....Probably look at folks coming in to push CI up green....

Hehehe...I can relate to this story, except that in the instance i made the loss, my dad did not cover me...Came out of my own pocket and really helps me to not make stupid "greedy" mistakes and more discipline...

Me....Wait for <0.70

Ya....It was on the news this morning. BBC and CNN....Hahaha....No budget....

Oh oh....Hang Seng en route to the Bears of the Red Army....

Ah.....To safe cost hor...All needed some girls and him.....

Maybe he can make his life story....The Arnold Schwarz Story: From Austrian Beefcake to California Governator
Starring, Produced and Directed by Arnold Schwarzenegger....All ticket proceeds will be contributed to Rebuild California Funds Fund....

Makes sense....I have a some lots from 0.625....Now waiting for lower price to average up.....After falling so far still averaging up....

I was a bit stupid when it reached 0.9x. Not greedy, but stupidly holding on.

My friends too....I visited California in 2002, 2004, 2006 on company business trip and that time you could see land/house prices skyrocketing and energy costs going through the roof.

Folks no longer wanted to remain there, unless they had lots of $$$. Most of my colleagues ended up moving east to Arizona, New Mexico or north to Oregon and Washington state.

Thanks for the advice.

I initially bought this share for the dividends. You know, 4/64 or so gives 6.25%. I told myself take dividend and hold until 1 year...

When the price went up, I did not know what would be a good TP. I could not find a research write up on it. So I held on until it still go down, follow discipline can hold until shares ex. That's when I realized what an errorneous decision that was.

But then, the consolation is still that I will get the dividend. So hold on for now and average when possible

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Added on July 2, 2009, 1:02 pmNot pre-official, but from CNN. If i have the information, and its going to be official later, i'll put big bets on NYSE tonight.

The June employment report, due out before the start of trading Thursday, is the week's biggest economic news. Employers are expected to have cut 363,000 jobs from their payrolls after cutting a much smaller-than-expected 345,000 in the previous month

VyvernS notes: This morning one CNBC analysts expects 353,000. (Found it on the website: http://www.cnbc.com/id/31684698 )

Further reports out:

The unemployment rate, generated by a separate survey, is expected to have risen to 9.6% from a 26-year high of 9.4% in May.

Reports are also due on weekly jobless claims and May factory orders.

Friday, NYSE closed for ID4.

This post has been edited by VyvernS: Jul 2 2009, 01:10 PM

Actually, it is 20% dividend on RM0.10 par share.

So this actually computes to (20/100)/10 = 0.2/10 = RM0.02 (or 2sen) per share dividend.

Its not 20% though, but at current price, of 24 sen, then it will be 2/24 dividend yield per year. Thats about 8.33%. Still ok.

P.S. Still ok is not call to buy... Its offering better than Sukuk.

This post has been edited by VyvernS: Jul 2 2009, 01:24 PM

There are two ways company will quote their dividends.....

Either by sen or percentage.

1. By sen - most straightforward. If company A share is RM1.00, then declare 5 sen dividend, dividend yield is 5/100 = 5%.

2. By percentage - bit more confusing. If company B share is RM1.00, then declare 5% dividend, need to see the par value.

Par value reflects the company issued shares.

Sometimes the par value is RM1.00. Other times, will have RM0.50, RM0.20, RM0.10 par value.

If par value is RM1.00, then dividend of 5% is (5/100)/1 = 5sen
If par value is RM0.50, then dividend of 5% is (5/100)/2 = 2.5sen
If par value is RM0.20, then dividend of 5% is (5/100)/5 = 1sen
If par value is RM0.10, then dividend of 5% is (5/100)/10 = 0.5sen

Once you have the sen value, then only calculate the dividend yield.

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Added on July 2, 2009, 1:43 pmRM10,000 of shares.

Lets say current price is RM0.25. Then you will have RM10,000/RM0.25 shares = 40,000 shares
RM0.02 per share, so 40,000*RM0.02 = RM800 dividend
Div yield = RM800/RM10,000 * 100 = 8%

This post has been edited by VyvernS: Jul 2 2009, 01:43 PM

[quote=debbieyss,Jul 2 2009, 01:52 PM]So means, if the par value is RM1, dividend is 20%, and i bought RM10k, i will be having:

RM0.20 (dividend) X RM10K = RM2k?

[/quote]

20% per share, so you need to know how many shares you can buy using your RM10k capital.

So lets use RM0.25/share as share price today.

RM10k can buy you 40,000 shares. (RM10,000/RM0.25 = 40,000)

So if par value is RM1, then the dividend will be RM0.20 per share. {(20/100)/1 = RM0.20}

At 40,000 shares, you will have 40,000*RM0.20 = RM8,000

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Added on July 2, 2009, 1:55 pmThanks. Just to ask:

Lets say current price is RM0.25. Then you will have RM10,000/RM0.25 shares = 40,000 shares---> how to get RM10,000/RM0.25 = 40,000 shares? The stroke "/" means divided by, no?

[/quote]

Yes...the stroke means divide by

This post has been edited by VyvernS: Jul 2 2009, 02:00 PM

Yes, different par value, and you can find them stated in the newspaper.

Here are some sites where par value can be described:

http://moneyterms.co.uk/par-value/

http://en.wikipedia.org/wiki/Par_value

I watched CNBC this morning. They brought on two analysts to predict the market trend....Guess what.
One was bearish - sell all, consolidate to defensive play
One was bullish - yes, the market can recover, with better profit reports (ie General Mills), and economic data that is not too bad.

Cherroy one, i think would include Tanjong, Panamy, PPBank??

HSI down already in the reds.....

Haha....We could create thread game: Guess what stocks Cherroy have. Winner gets to have dinner wif LYN sifu for chit chat. (like the Warren Buffet meal) Hehehe...

On another topic....the whole world must be just waiting for this US Jobs report...OMG..

http://finance.yahoo.com/news/Asia-stocks-...1&asset=&ccode=

This one will probably be a market direction driver tonight...

Can anyone explain the dramatic downfall of HSI today? Open 400 now -177??

This post has been edited by VyvernS: Jul 2 2009, 03:35 PM

Europe has opened red and the jobs reports probably will be the one drive the market to holland tonight....

Good luck to all bourses.....KLCI no need to be wished. Can still go up when other bourses go down....Protected by strong jampi spell "p'tooi..p'tooi"....

Monday.....The Star Biz hardcopy.....has a list of KLCI 100 Top Companies by Market Capitalization Every week listed.

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Added on July 2, 2009, 3:51 pmOk...Sealink mari mari again already.....Lets see if tomorrow will be 0.6x again.....This time need to sapu dividend still cantik cantik...

This post has been edited by VyvernS: Jul 2 2009, 03:55 PM

My remisier advice not to buy anything. Stay sideline, market in US expected to open and drop..So long

On the other hand, i can get some cheap stocks here for good bargain. I may want to look in NYSE for 1 more counter.

This post has been edited by VyvernS: Jul 2 2009, 04:09 PM