You mean P&o?

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Added on November 15, 2010, 8:25 pmTo me .... until today, never use this kind of strategy (hopefully not in the future).
I will sell if the stock din move as per my expectation and this apply for speculative stocks only.

This post has been edited by jasontoh: Nov 15 2010, 08:25 PM

I seldom cut-loss which so far works for me because actually there is no ideal % for us to judge to cut. If a counter is fundamentally good with no problems, I'll usually average down, then wait for the market to recover then sell off when reach my target price. Bear in mind that, most of times, if general market is down, most counters will trend down.
I have done cut-loss on certain counters that fundamentally has gone wrong(profit trending down quarter on quarter, business prospects affected by certain situations, like currency fluctuations..... & that helped me to use the funds for other better counters.)sometimes, i wished that I have done the cut-loss earlier had I noticed the severity of the problem
my opinion is Gamuda might recover, because I think the railway issue can be cleared up & they have future projects pouring in, though I do not have Gamuda.

This post has been edited by sharesa: Nov 15 2010, 08:32 PM

Gamuda was hot stock because of the troubled Vietcong project... I remembered it was taken a beat and then slowly inch up following the general market.

Announcement
Subject
:

AWARD OF CONTRACTS

Contents
:

1.0 INTRODUCTION

The Board of Directors of Kencana Petroleum Berhad ("Kencana Petroleum" or "the Company") is pleased to announce that its wholly owned subsidiary, Kencana HL Sdn. Bhd. (“KHL”) has secured contracts from Sarawak Shell Berhad (“SSB”) for the fabrication of compression modules and tie-in modifications (“Contracts”).


2.0 INFORMATION ON THE CONTRACTS

Under the Contracts, KHL is to undertake the fabrication of E8K Compression Module and F13K Compression Module & E-11P-B Tie-in Modifications for SSB’s operated fields off the coast of Sarawak. The total contract value is approximately RM275 million. The Contracts are one-off construction contracts and expected to be delivered within the first quarter of year 2012.


3.0 FINANCIAL EFFECTS

The Contracts are expected to contribute positively to the earnings and net asset per share of Kencana Petroleum Group for the financial year ending 31 July 2011 and 2012.


4.0 RISK FACTORS

Risk factors affecting the Contracts include but are not limited to execution risks such as availability of skilled manpower and materials, changes in prices of materials, and changes in political, economic and regulatory conditions. The Company has throughout the years established its track records and expertise to undertake such projects. As such, the management believes that the Company is able to mitigate the abovementioned risk factors.


5.0 DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company has any direct or indirect interest in the Contracts.


6.0 DIRECTORS' STATEMENT

The Board of Directors of Kencana Petroleum is of the opinion that the acceptance of the Contracts is in the best interest of the Company.

This announcement is dated 15 November 2010

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Added on November 15, 2010, 9:15 pmhttp://www.theedgemalaysia.com/highlights/177135-kencana-petrofac-jv-front-runners-for-us250m-sepat-job.html

Another USD250m


This post has been edited by ts1: Nov 15 2010, 09:15 PM

Fabrication contract profit not much leh. Gross should be around 12-15%.

Got my Petchem IPO. 1 lot only..

as long as the share move tomorrow hehe

if u dun mind.. 1lot = 100 shares ??
if 100 shares.. may lose commission too when u sell... >_<

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Added on
hi, me no sifu.. just sharing my experience..
cut loss is also an "art"... there is no specific guideline like 10% or 5%... u can have different limit for different counters depending on your profit target/tolerance/company fundamental/market sentiment....
Maybe by going more technical you'll have a better idea as to when to cut loss.. Moving Averages,RSI,MACD etc etc...
eg: I can tolerate XXXX fall 30% and i will average down.. but i when YYYY fall 5% i'll be sweating bullets...

This post has been edited by mopster: Nov 15 2010, 09:27 PM

HE HE HE HE...
Any1 want to click the like button?

This post has been edited by Jtic: Nov 15 2010, 09:27 PM

lucky you. i got kosong shares.

Today swap my p&o to MBSB
accumulative 9mths EPS 19cents. Expected to hit 25cents EPS by year end.
This will make PER 6 based on current price.
EPF holding 67% of this bank. other tiny little portion carry by other banksss.
Profit Margin lower than commercial banks,due to lower interest loan to those govt servant and govt. related club, industries such as MARA,SIRIM... bla bla bla
Just i really have no time to monitor my stocks currently. still advise ppl who got time to monitor can go for more aggressive stock.
mbsb suit my spot now.
just sharing~~~

1lot out of how many lots applied ? are you bumi ?

1 big lot. 1 out of 1. bumi quota, that's why easier kot. anyway, have been applying Law of Attraction since applying.. glad it make through

This post has been edited by drsaleh: Nov 15 2010, 09:43 PM

Cut loss i think is good if you think the share will be going down further, since we can still buy back on lower price when the "panic" is over.
However problem is we don't know how further the downtrend is

Thanks, will go study art of cut loss

err boss. What is Law of Attraction? Me first time heard that...

That contract is peanuts to kencana's size. but manyak peanut then can become peanut mountain .

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Added on November 15, 2010, 10:06 pmfamous 1..think FATT FATT FATT, tmr Kulim, QSR, KFC limit up.

This post has been edited by GregPG01: Nov 15 2010, 10:06 PM

No one knows when is the bottom and peak. The only thing we can do is buying according to the fundamentals of the company. For cut loss strategy, not really applies for me as I seldom speculate. The only time I speculate this year is Kencana which I only manage to sell at about 10c higher.

better then nothing
already in at 1.88, hope can be 2.20

[quote=GregPG01,Nov 15 2010, 10:02 PM]
That contract is peanuts to kencana's size. but manyak peanut then can become peanut mountain .



yeah..the ppl always blow it so big
btw~ still more smaller peanuts will come soon.
peanuts are small but can feed ELEPHANT.

seriously limit up? Got news meh?