tan: The stock market don't always agree with me one la.
Take mytin or 7167.
I got out at average price around 1.83. I could have gotten in back in around 1.73. But I decided not to. Now it is 2.08.
Why?
Despite knowing their current earnings will show really impressive earnings growth, I did not like their rights issue plan one single bit.
I did not like how and where they will use the money raised from the rights issue.
I call it quits for this trade.
I traded based on what I am comfortable at and despite the market now sending the stock much higher, I have zero regrets.

8% FD rate, u need to time travel back to year 1998

Again, different people different risk appetite

Then you need a lot patience to wait for the management to unlock hidden value for u
Eg.Oriental

I don't think Oriental value has been unlocked. There is still plenty of cash sitting in the company, as well as undervalued asset, while dividend wise is not that generous. My pov only.

The one unlocked recently is Kassets.

Whether unlock or not is another issue.
The one I concern more is about rewarding minority shareholders like me, aka how much profit company made, then how much dividend being rewarded to shareholders according to generous dividend policy.

I do understand your point on asset allocation but I would judge Plenitude base on the past.
Back in 2007, Plenitude too had way too much money for a property developer. 90+ million net cash.
And this net cash position goes all the way back.
And because they are conservative, my opinion is Plenitude is just a serial cash hoarder.

My guess that Oriental. Huayang and Amedia could share one common thing.

The ere are some very powerful and invisible hands/funds push and support these stocks.

Same here, take example of Maxis listing, my parents did not subscribe to its IPO because they were uncomfortable with AK movement, because u won't know what time he will privatize again

At least those privatisation is done at a premium over the market price.

To be fair, the old listed Maxis, is not the same current listed Maxis.

Maybe U can read the cash crunch presently suffered by China Prop companies to get a feel of how important Cash actually is.

HK Superman might want to take advantage to buy ( sapu ) some of these companies with his ready cash in hand.

Sharp is also in bad shape though with some good LCDs for Apple.

Apple is loaded with cash, but short of LCD for Iphone 5.

Which one is better Sharp or Apple ?

This post has been edited by SKY 1809: Sep 4 2012, 11:56 AM

The new about to list Astro is also not the same old Astro. The new one is smaller without overseas business, and the value is 100% more than the old one. Although Ananda gives some premium to the shareholders when privatize, but this is not what some shareholders bought it for at the first place. They want to hold it for another critical growth stage of 2 years, and Ananda took that away from them.

When one holds a dead fish stock for 5 years hoping its value finally unlocked and its potential realized, but then the boss suddenly came in to privatize it for a premium of 30%. So what? That 5 years?? 30%?? I want 300% lah!! Then 2 years later, the company relisted at a premium of 300%. How past shareholders feel?

Bursa should revise their de-listed rule. Seriously. Otherwise those big shark keep bully small ikan bilis like us.

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This post has been edited by SKY 1809: Sep 4 2012, 12:08 PM

I'd think a minimum 5 years restriction for relisting application would be fair to shareholders.
The application/planning of delisting+relisting can easily take 1 year or longer, which means nowadays they just waited 1 year(or even less!) and then re-apply for relisting! What is that?!

This post has been edited by yok70: Sep 4 2012, 12:12 PM

Got premium still better than offered at discounted price, right?
Unlike those treat-shareholders-like-ants type companies, eg Bonia, San Miguel

Anyway, I also dislike this type of practice
listed a company, good profits then take private
after a short period of years and list again in the name of 'unlocking values'
milking investors as much as they could

Yes! Very much pissed off with Bonia. Expecting 100% gain but only get 8% at last! Wasting my precious time.

Hehe. The issue i have is not against cash/asset allocation but the issue is against Plenitude.
I cannot remember if Plenitude has gone out and buy another company or buy some new land for the past few years.
How then can I safely say Plenitude will put the cash into good use?
Ok, I give Plenitude the benefit of a doubt.
I shall assume Plenitude is preparing a war chest, a war chest to be used when a crisis happens and Plenitude will use the spare cash to sapu big time.
But if I have such a thinking, this means properties prices will have to drop a fair bit or maybe drop a lot more since Plenitude is a conservative player.
But if this scenario, where properties prices were to drop a fair bit, would to happen, shouldn't this have a negative impact on Plenitude earnings first?
Yes, they can sapu cheap land but their earnings will also be hit.
And if earnings is hit, what kind of correction would one see on Plenitude's stock price?

Look at HK Superman, was he not affected by HK volatile prop markets ?

But he tends to become much richer and recover much faster than others, others might go bust without a chance to recover.

There are times for wealth creation, and times for wealth conservation.

I believe German would move very fast once Euro economies start to recover.

They have the ready resources to do that.

This post has been edited by SKY 1809: Sep 4 2012, 12:27 PM

Yes, he did well but my point is, if this is the scenario is to happen, then I would rather not be in the stock so early.
I would rather let the property stocks fall, then wait for Plenitude to sapu cheap properties, and if Plenitude price is cheap, then only buy the stock.
Why rush to buy now?

Dear All, anyone here holding NTPM or know why they haven't declare dividend yet?

True also.

Right timing , and right judgment is also an art.

Let us know when the time comes

Maybe many penny stocks around then

This post has been edited by SKY 1809: Sep 4 2012, 12:45 PM

Well what's your property outlook?

Mine? I think properties should hold despite all the bubble talks. And a more likely scenario, is a sideways drifting market. A market where the top players will survive.