BIG mistake.
After that, i never buy so much warrants anymore. Just play a little bit, earn or loss also just little bit. Cannot be too greedy.
Added on August 1, 2012, 3:05 amReading the Panamy annual report. Found a very interesting table of "
Increase in Shareholders' Wealth".
In Dec 1966, Panamy IPO at 1.00/share. Imagine a person bought 1000 shares that time, total cost is 1000.
After 7 times of BI/RI/Private Placement until today, that person's total investment is 1350 (the 350 is because he or she subscribed fully in the RI offered). However, the shares holding has become 19384 shares.
Today, Panamy closed at 23.42.
Meaning, this person's panamy investment from 1350 to 453,973.28
That is 33627% gain in 46 years,
CAGR of 731%! (excluding dividend)
Please correct me if I was wrong.
Added on August 1, 2012, 3:20 amTOKYO: Panasonic Corp, the Japanese consumer-electronics maker trying to recover from a record annual loss, posted its first profit in six quarters after cutting jobs and shutting factories.
Net income totalled 12.81 billion yen (RM514.96 billion) in the three months ended June 30, compared with a 30.4 billion yen net loss a year earlier, the Osaka-based company said in a statement yesteroday.
That beat the 9.2 billion yen average of three analysts' estimates compiled by Bloomberg News. Panasonic kept its full-year profit forecast unchanged at 50 billion yen.
The maker of Viera televisions and Lumix cameras is trying to turn around its unprofitable TV, electronic component and battery operations this fiscal year after closing plants and eliminating 36,000 jobs amid falling prices and a surging yen.
President Kazuhiro Tsuga, who replaced Fumio Ohtsubo in the role last month, has pledged to revive the Japanese manufacturer "by all means".
"The result was good and shares may rebound, but it probably won't last long," said Mitsushige Akino, who oversees about US$500 million (RM1.57 billion) in assets at Tokyo-based Ichiyoshi Investment Management Co.
"Panasonic just started to tackle its structural problems. I see nothing that can improve the company's long-term outlook."
The stock rose 4.6 per cent to close at 546 yen in Tokyo trading before the announcement, narrowing its loss this year to 17 per cent. Japan's benchmark Nikkei 225 Stock Average has added 2.8 per cent in the past seven months.
Panasonic will probably cut costs by 130 billion yen this fiscal year after reducing them by 64 billion yen in the first quarter from a year earlier, chief financial officer Hideaki Kawai told reporters.
The audio-visual network division had a first-quarter operating profit of 7.4 billion yen, compared with a 3.8 billion yen operating loss a year earlier. Profit at the appliance unit rose seven per cent from a year earlier to 37.4 billion yen, the company said.
The devices unit had an operating profit of 7.3 billion yen in the quarter compared with a 2.7 billion yen loss a year ago. The energy unit had an operating profit of 100 million yen compared with a loss a year earlier.
The company kept its annual TV sales target at 15.5 million units.
"Tsuga will probably need to take further measures to fix the unprofitable operations of panels, semiconductors and batteries," Yasuo Nakane, a Tokyo-based analyst at Deutsche Bank AG, said before the announcement.
"Investors are expecting to see some sort of reform plan, which may include closure, suspension or sales of some businesses." Bloomberg
Read more: Panasonic posts first profit in six quarters
http://www.btimes.com.my/Current_News/BTIM.../#ixzz22EIdmw6xlet me guess, you cannot manufacture electronic appliances too high quality. Because if it doesnt spoil, no one will buy a new one to replace it?
Aug 1 2012, 12:23 AM
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Facebook big drop again, left USD20 only...........
From day one already a lot of ppl say that's a hype...
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