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 Bursa Traders Thread V2, waaa! V2 d !

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gark
post Dec 17 2013, 12:00 AM

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QUOTE(Boon3 @ Dec 16 2013, 11:18 PM)
Today's trading is a bit tricky.

As you know, stock shot up strong up strongly, went as high as 117.
When you put Friday's opening price of 101 into consideration, on one hand, we know the stock had gone up too much.
And as expected, stock pullback and closed at 110.
This is where it gets tricky.
One could say further pullback is possible, stock needs to digest 2 days of strong gains.
One could also say that today's pullback was well absorbed.

The volume since last Tuesday is suggestive.
This volume is much, much stronger than few months ago...
Which suggests that perhaps this is just the start of a new game....
And if the stock continues to stay active, I won't be surprised to see higher stock prices in the future.

My 3 sen. tongue.gif
*
So you gonna buy or wait for pullback? tongue.gif
gark
post Dec 17 2013, 10:52 AM

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QUOTE(Boon3 @ Dec 17 2013, 08:50 AM)
If the balance sheet better and it pays dividend ... this one could easily worth above 2 bucks. tongue.gif
this actually reminds me of Digi...
where the depreciation (it still does) masks the true potential of the stock.
*
This stock is busy paying down it's USD loan with almost all the cashflow..to a tune of 20 mil a year. At this rate, at least 5 more years before they will start distribute dividends.. sweat.gif
gark
post Dec 17 2013, 11:02 AM

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QUOTE(Boon3 @ Dec 17 2013, 11:00 AM)
Ya..
In a sense, the money is used wisely but in another sense, divy hungry shareholders will be left waiting.
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Yes.. the less USD loan they have outstanding, the less of time bomb with the USD appreciation...

Still a good value stock.. as long as USD/MYR keeps going up.. rclxms.gif

This post has been edited by gark: Dec 17 2013, 11:04 AM
gark
post Dec 17 2013, 11:16 AM

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QUOTE(Boon3 @ Dec 17 2013, 11:09 AM)
So got what stock to talk 3 talk 4? tongue.gif
*
WB.. whistling.gif

» Click to show Spoiler - click again to hide... «

gark
post Dec 17 2013, 11:25 AM

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QUOTE(Boon3 @ Dec 17 2013, 11:17 AM)
How you know I have not been swinging this? tongue.gif
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This type of stock.. you play 1 meh? hmm.gif
gark
post Dec 17 2013, 11:46 AM

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QUOTE(lambethwalk @ Dec 17 2013, 11:43 AM)
until now i dunno ah-B play what kind of stocks...

he say he's trader, but then behaves like investor...  hmm.gif

confusing
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Your kayu run away jorrr... sweat.gif
gark
post Dec 17 2013, 11:51 AM

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QUOTE(Boon3 @ Dec 17 2013, 11:48 AM)
laugh.gif

And .........
I was just gonna post....

'mana tu Ah Lamb ?'
Ada baik ah?  biggrin.gif
*
Ah Lamb go honeymoon jor.. huat a lot lately... whistling.gif
gark
post Dec 17 2013, 12:14 PM

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KLSE boring today...

JSX more exciting.. yesterday drop 50 points.. today up 60 points.. whee... laugh.gif
gark
post Dec 17 2013, 12:16 PM

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QUOTE(Boon3 @ Dec 17 2013, 12:11 PM)
laugh.gif

Concept is easy one la...

For stocks, buy those whuch are making more and more money... tongue.gif
Or sometimes, rarely, those which give more and more dividends...

Although, now I am so much less pessimistic about REITS, I am still not willing to put money in the sector. wink.gif

Tip for the day?
» Click to show Spoiler - click again to hide... «

*
Apa ini? YOU are my sifu LOL... laugh.gif
gark
post Dec 17 2013, 12:23 PM

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QUOTE(kueyteowlou @ Dec 17 2013, 12:21 PM)
ah b go go go !!

mrloo must be banging wall now...
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Ah-B..! when yuo want to buy your german shepard LOL.. tongue.gif
gark
post Dec 17 2013, 12:25 PM

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QUOTE(Boon3 @ Dec 17 2013, 12:23 PM)
tongue.gif

Give you another homework....

Since OSKVI continues to sell GPacket shares...
I am wondering if there is 'value' in OSKVI?
Not sure hor...
But snce you are good at values...
I ask you la....

Hehe.... give you work to do lor.  sweat.gif
*
OKSVI.. last time look at it before.. the earnings can up down very fast one... got lots of funny subsidiaries..

OK got time i go check value..

» Click to show Spoiler - click again to hide... «


This post has been edited by gark: Dec 17 2013, 12:26 PM
gark
post Dec 17 2013, 12:29 PM

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It's harder and harder to find value in KLSE.. is it a sign of a overextended market? hmm.gif

Compared to JSX.. lots of value plays abound... rclxms.gif
gark
post Dec 17 2013, 12:37 PM

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QUOTE(yhtan @ Dec 17 2013, 12:30 PM)
Now u can afford Husky, Akita already brows.gif
It just a investment holding company, similar like icap

I remember they hold Willow, GPacket, Handal, MTouch, Maxwell
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You ada buat analysis kah? tongue.gif

Share share.. thumbup.gif
gark
post Dec 17 2013, 12:46 PM

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QUOTE(yhtan @ Dec 17 2013, 12:44 PM)
I just roughly browse through its annual report, wait i'm free icon_rolleyes.gif

This company valuation basically same as iCap, NAV vs share price (Either discount or premium)
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ya we await your analysis yah.. thumbup.gif

See got how much below mark to market NAV undervalue... wink.gif

This post has been edited by gark: Dec 17 2013, 12:46 PM
gark
post Dec 17 2013, 01:59 PM

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QUOTE(Boon3 @ Dec 17 2013, 01:42 PM)
gark

Just in case you are bored. tongue.gif
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wahh good stuff.. almost same valuation as Affin...

will keep until RM 2.. brows.gif
gark
post Dec 17 2013, 02:03 PM

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QUOTE(yhtan @ Dec 17 2013, 01:43 PM)
Shares available - 196mil
Share price - RM0.51 @ RM99.8mil

Warrants available - 98mil
Warrant price - RM0.13 @ RM12.7mil

Total market cap (including warrant) - RM112.5mil

http://www.bursamalaysia.com/market/listed...cements/1482081

Market value for investment in quoted securities - RM146mil

Based on Sept 2013 SOFP, Company has NAV of RM55mil (Excluding investment)

So NAV in total = RM200mil

Effectively the share is trading at discount level of 43%.

acqusition of quoted investment from Oct till Dec around RM1mil, this one i didn't take it since the figure is insignificant.

Hopefully my analysis is correct icon_rolleyes.gif
*
Hmm the company have ~30 cents/share in net cash... hmm.gif

Stock on hand..

Willowglen
Handal res
Green Packet
MTouch
Maxwell
Al' Aqar REIT ( rolleyes.gif )


This post has been edited by gark: Dec 17 2013, 02:08 PM
gark
post Dec 17 2013, 02:21 PM

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OSKVI - Expanded from Ah Tans excellent analysis... rclxms.gif

RNAV - including warrant dilution

Add Investment @ Market Value : 146 million

Add Net Cash On Hand : 55 million

Add Proceeds Warrant Conversion : 98 mil x 0.50 = 49 mil

Divided by enlarged shares : 196 mil +98 mil = 294 mil

RNAV per share : RM 0.84

RNAV - excluding warrant dilution


Add Investment @ Market Value : 146 million

Add Net Cash On Hand : 55 million

Divided by shares outstanding : 196 mil

RNAV per share : RM 1.025

Based on the above and since the warrant is in the money, it will be likely converted, RNAV to be 0.84/share which is 39.3% undervalue. laugh.gif

This post has been edited by gark: Dec 17 2013, 02:23 PM
gark
post Dec 17 2013, 02:28 PM

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QUOTE(Boon3 @ Dec 17 2013, 02:27 PM)
Not undervalued enough. tongue.gif
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You mau berapa... hmm.gif
gark
post Dec 17 2013, 02:36 PM

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QUOTE(Boon3 @ Dec 17 2013, 02:34 PM)
Under 40 sen.

laugh.gif
I not that comfy with value play one.  sweat.gif
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I see.. you want >50% margin of safety... brows.gif
gark
post Dec 17 2013, 02:57 PM

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QUOTE(yhtan @ Dec 17 2013, 02:49 PM)
I explain like this, everybody easier to understand mah

If just talk cock sing song about figure and methodology, some people might confuse biggrin.gif

And that amoi u can touch in the future, just don't know when icon_rolleyes.gif
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The thrill is in the 'chase'.. not the 'touch'.. rolleyes.gif

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