Very boring today... nothing nice to buy
Bursa Trader V4
Bursa Trader V4
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Mar 31 2014, 10:07 AM
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All Stars
13,470 posts Joined: Jan 2012 |
Very boring today... nothing nice to buy
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Mar 31 2014, 10:08 AM
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Junior Member
317 posts Joined: Jan 2003 |
agreed.. I'm holding HOHUP
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Mar 31 2014, 10:11 AM
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All Stars
15,942 posts Joined: Jun 2008 |
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Mar 31 2014, 10:14 AM
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Senior Member
1,568 posts Joined: Sep 2010 |
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Mar 31 2014, 10:18 AM
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All Stars
15,942 posts Joined: Jun 2008 |
QUOTE(andrekua2 @ Mar 31 2014, 10:07 AM) Nothing nice to buy we talk male chicken lor.7126, I mentioned to FooFoo that this company is creepy. Alex however wrote: QUOTE Housekeeping In the past 3 years, Lonbisc had disposed off its investment in two listed companies involved in the production of eggs. In 2010, it sold off its 23.86%-stake in Lay Hong Bhd to QL Resources Bhd for RM11.852 million (at a small loss of RM130,000). In 2011, it sold off its 33.65%-stake in TPC Plus Bhd to Huat Lai Resources Bhd for RM8.075 million (at a small loss of RM400,000). With these disposals, Lonbisc has freed up its financial resources and can concentrate in its core businesses. On one hand what he wrote is factually correct but it doesn't tell the whole story. Last time, there was a big hoo-ha over London Biscuit's dealings. They would simply invest in a company... and then .... they would sell. At a loss too! We, the outsiders, had no idea what the F***** this company is doing. It was such a big thing that there were even writeup on the newspapers.... http://www.thestar.com.my/Story/?sec=b&fil...iness%2F9641589 This one was also a good example for investors not to rely soley on PER. |
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Mar 31 2014, 10:19 AM
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All Stars
15,942 posts Joined: Jun 2008 |
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Mar 31 2014, 10:20 AM
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Senior Member
1,568 posts Joined: Sep 2010 |
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Mar 31 2014, 10:22 AM
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All Stars
15,942 posts Joined: Jun 2008 |
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Mar 31 2014, 10:25 AM
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All Stars
13,470 posts Joined: Jan 2012 |
QUOTE(Boon3 @ Mar 31 2014, 10:18 AM) Nothing nice to buy we talk male chicken lor. Actually I think they made the right decision. TPC Plus aint making money and now already PN17.7126, I mentioned to FooFoo that this company is creepy. Alex however wrote: On one hand what he wrote is factually correct but it doesn't tell the whole story. Last time, there was a big hoo-ha over London Biscuit's dealings. They would simply invest in a company... and then .... they would sell. At a loss too! We, the outsiders, had no idea what the F***** this company is doing. It was such a big thing that there were even writeup on the newspapers.... http://www.thestar.com.my/Story/?sec=b&fil...iness%2F9641589 This one was also a good example for investors not to rely soley on PER. |
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Mar 31 2014, 10:27 AM
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All Stars
13,470 posts Joined: Jan 2012 |
Bought Insas... lets see if it moves again...
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Mar 31 2014, 10:43 AM
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Senior Member
1,568 posts Joined: Sep 2010 |
gark so quiet today
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Mar 31 2014, 10:44 AM
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All Stars
15,942 posts Joined: Jun 2008 |
QUOTE(andrekua2 @ Mar 31 2014, 10:25 AM) TPC Plus WAS already losing money, in a bad financial state when London Biscuit bought it !You can easily find so much data from Uncle... http://www.thepoultrysite.com/poultrynews/...takeover-of-tpc That was posted 9 April 2010. TPC profit report before 9 April: http://www.bursamalaysia.com/market/listed...uncements/60001 Already losing money, LonBis also simply buy. Therefor it doesn't matter if TPC is already Pn17. LonBis should not have invested in it in the first place. |
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Mar 31 2014, 10:45 AM
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Senior Member
1,568 posts Joined: Sep 2010 |
QUOTE(Boon3 @ Mar 31 2014, 10:44 AM) TPC Plus WAS already losing money, in a bad financial state when London Biscuit bought it ! Is it possible that LonBis wanted something that TPC held?You can easily find so much data from Uncle... http://www.thepoultrysite.com/poultrynews/...takeover-of-tpc That was posted 9 April 2010. TPC profit report before 9 April: http://www.bursamalaysia.com/market/listed...uncements/60001 Already losing money, LonBis also simply buy. Therefor it doesn't matter if TPC is already Pn17. LonBis should not have invested in it in the first place. This post has been edited by jonchai: Mar 31 2014, 10:45 AM |
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Mar 31 2014, 10:47 AM
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All Stars
13,470 posts Joined: Jan 2012 |
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Mar 31 2014, 10:50 AM
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All Stars
15,942 posts Joined: Jun 2008 |
QUOTE(jonchai @ Mar 31 2014, 10:45 AM) At first some thought so.They assume there were some synergies in the business. Biscuit and eggs go hand in hand ma... But then London Biscuit also bought a much better egg company, Lay Hong. If you read the earlier Star article: QUOTE This is not the first time that London Biscuits has made a wrong bet on a listed egg producer. In November 2006, it bought 11.18% equity in Lay Hong Bhd. It continued accumulating Lay Hong shares until July 2010. A month later, London Biscuits announced that it had sold its entire shareholding (23.86%) in Lay Hong to QL Resources Bhd. The loss from the disposal: more than RM130,000. LonBis also became a laughing stock cos when Lay Hong was sold, Lay Hong shares went boom boom up. There was another 'investment'... let me search. |
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Mar 31 2014, 10:53 AM
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Senior Member
1,568 posts Joined: Sep 2010 |
QUOTE(Boon3 @ Mar 31 2014, 10:50 AM) At first some thought so. They should probably move in and buy over Safe Egg and make Safe Biscuits They assume there were some synergies in the business. Biscuit and eggs go hand in hand ma... But then London Biscuit also bought a much better egg company, Lay Hong. If you read the earlier Star article: LonBis also became a laughing stock cos when Lay Hong was sold, Lay Hong shares went boom boom up. There was another 'investment'... let me search. Good synergy. |
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Mar 31 2014, 10:53 AM
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All Stars
13,470 posts Joined: Jan 2012 |
Is there any stock trading platform that allow cut loss/profit sell queue?
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Mar 31 2014, 10:54 AM
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Senior Member
1,568 posts Joined: Sep 2010 |
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Mar 31 2014, 10:55 AM
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All Stars
13,470 posts Joined: Jan 2012 |
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Mar 31 2014, 10:56 AM
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All Stars
13,470 posts Joined: Jan 2012 |
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