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 Traders Kopitiam! V6

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TSBoon3
post Nov 26 2014, 01:14 PM

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QUOTE(gark @ Nov 26 2014, 12:53 PM)
At what price you clear stock?  tongue.gif

Thinking of clearing stock as well...  rclxub.gif

But then again... nothing much to buy...
*
On avearge about 3.10+

Yeah..nowadays what's available not so good. sad.gif


TSBoon3
post Nov 26 2014, 08:09 PM

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QUOTE(wodenus @ Nov 26 2014, 06:53 PM)
My first counter was BCB. I didn't know anything from anything, I just bought it because it was the cheapest counter in all of Bursa. The price never moved for a year, and I forgot about it... and now the price is Rm1.24 tongue.gif

Pity it was only 100 lots tongue.gif

Anyway, it just goes to show you never know smile.gif
*
Point is can you repeat such a feat?

tongue.gif
TSBoon3
post Nov 27 2014, 08:05 AM

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QUOTE(spring onion @ Nov 27 2014, 02:04 AM)
hi guys, if profit increase but EPS decrease, may it due to split, or bonus issue... good news or bad news? looks like this quarter many company enjoy higher profit but suffers a decrease of EPS
*
The decrease in EPS would only hurt if you are not given the appropriate portion of new shares.
For example, company does a split.
You own 10 shares.
After the 1 for 1 split, you get 20 shares.
EPS dilutes into half due to increase in shares.
But since your number of shares increases in proportion to the increase of shares, then the decrease in EPS does not hurt you at all.

Cases where it hurts.
Example: Company does a private placement of 20%.
Shares increased by 20%.
But you do NOT get any portion of those new shares.
EPS decreases.....
Does this hurt?
Yes.

Many company enjoy higher profit?
unsure.gif
Are you sure?


TSBoon3
post Nov 27 2014, 08:31 AM

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QUOTE(felixmask @ Nov 27 2014, 08:28 AM)
you remind me YTL reits...Frankcis Yeoh
*
doh.gif

I don't have a mole on my face.

tongue.gif
TSBoon3
post Nov 27 2014, 10:26 AM

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QUOTE(lambethwalk @ Nov 27 2014, 09:59 AM)
gark is ALIVEEEEEEEEEE.... !  rclxm9.gif

hellooo ah Boon3  tongue.gif
*
Ah Lambsi is aliveeeeeeeeeeeeeeee also ! rclxm9.gif

laugh.gif
TSBoon3
post Nov 27 2014, 10:27 AM

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QUOTE(johnnyzai89 @ Nov 27 2014, 10:03 AM)
Ah boon, what do you think of tek seng?

Heard them today on BFM
*
I no hear what your hear on BFM.

So what you hear?

biggrin.gif
TSBoon3
post Nov 27 2014, 10:35 AM

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QUOTE(lambethwalk @ Nov 27 2014, 10:32 AM)
Ada huat mah?
From august onwards, so hard to trade sad.gif
*
Yup it was much harder to trade in general.

That one big bounce recently.... if you were patient enough... that was rather easy picking. tongue.gif
TSBoon3
post Nov 27 2014, 10:37 AM

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QUOTE(johnnyzai89 @ Nov 27 2014, 10:33 AM)
Company is diversified to Solar panels and injection from a Taiwanese company.

Company will be able to sell a lot more panels as Taiwanese company will place all the orders through Tek Seng to avoid paying the high tariffs imposed on them.

Got warrants and dividend policy coming up.

However, the price of Tek Seng has doubled in the past few months. Probably pricing all the above factors.

hmm.gif
*
This sounding like a salesman talk from BFM!

laugh.gif

Catalyst to trade it ... at this moment... I would rate it so so only..... wink.gif

Furthermore, currently the stock appears to be going no where.... stuck around the 80 sen region.


TSBoon3
post Nov 27 2014, 10:45 AM

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QUOTE(lambethwalk @ Nov 27 2014, 10:39 AM)
All i did was hang on to my stocks for dear life  tongue.gif
*
laugh.gif

The sweetest trade then was Inari.

All one had to do was chase the rebound.

tongue.gif
TSBoon3
post Nov 27 2014, 10:49 AM

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QUOTE(lambethwalk @ Nov 27 2014, 10:47 AM)
Yes, saw that. So unfair  rolleyes.gif
*
LOL!

Why was it unfair? tongue.gif

Market no put up big sign and say Ah Lamb cannot buy what....... tongue.gif
TSBoon3
post Nov 27 2014, 11:14 AM

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QUOTE(gark @ Nov 27 2014, 11:10 AM)
Adoi... Armada... sweat.gif
*
Why you buy so fast? tongue.gif


TSBoon3
post Nov 28 2014, 08:51 AM

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QUOTE(spring onion @ Nov 28 2014, 02:41 AM)
thanks for input

in my radar... hevea, L&G, symlife all did report good profit.

well fitters and thong guan are not doing well
My comments were made on the overall market.

You could actually ask sifu gark for second opinion too. smile.gif

I did look at Symlife.

I do not share your optimism. sweat.gif

If you look at one of the key indicator... sales revenue was down a fair bit (more than 50%) compared to same quarter previous year.
Property sales not so geng eh? wink.gif

And because Symlife profits were boosted by that extraordinary one time gain (which most are already aware), profits were boosted by some 25 million.

Since there is the boost, we have to look at the core operating profits numbers and sad to say the numbers are disappointing.

Profit from operations this quarter was 1.88 million
Same quarter last year was 15.1 million.

sweat.gif

L&G numbers look far more encouraging.


TSBoon3
post Nov 28 2014, 09:42 AM

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QUOTE(johnnyzai89 @ Nov 28 2014, 09:36 AM)
wow Armada
*
Anything with oil is getting absolutely hammered. sweat.gif

Opportunity is there.......................................... cos clearly 'some' (not all hor) of the prices are already being hammered to the extremes already. whistling.gif

But I would rather be patient.... and not attempt to be a hero by trying to aim for the bottom prices.

icon_rolleyes.gif
TSBoon3
post Nov 28 2014, 09:57 AM

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QUOTE(gark @ Nov 28 2014, 09:51 AM)
I became hero already for Armada.. blush.gif  hahaha.. waiting to pick up some more.  rclxms.gif
*
LOL!!

You forgot that 4 letter word my friend.......

WAIT.




Wait to buy
Wait to sell.


whistling.gif
TSBoon3
post Nov 28 2014, 10:07 AM

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QUOTE(gark @ Nov 28 2014, 09:59 AM)
Yeah currently trading at PE 13x, quite attractive for a big cap.

Their fabrication and drilling works is backed by multi year contract and big order book (2 years), so it should not be affected by temporary fluctuation in oil price. Unless of course the oil price is kept low for next year or so...

For their oil production, their average cost un drilled is USD 14 per barrel, after adding cost etc might be in region of USD 40-50 per bbl. Still profitable but certainly having less overall profit.

Overall next Q profit is expected to be down 20-30% due to less margin for production.

2.80 is a good price, valuing it at about PE10-11x thereabout.  wink.gif
*
But if oil remains at such low prices, would they see their contracts revisions? (hehe... please educate me cos I am pretty much a blur here. tongue.gif)
TSBoon3
post Nov 28 2014, 10:29 AM

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QUOTE(gark @ Nov 28 2014, 10:14 AM)
Added buy queue for both Skpet and Armada.  laugh.gif

But not yet match...
*
Not entered anything yet................ (and as you are aware, I was indeed a fan of this stock for its growth potential)

I drew the chart before... and previously (as suggested by others) there was a line drawn on the sand around 316.

user posted image

If you minus today's terrible gap down...

you could actually see some volume build up as the stock tried to stage a recovery....a few days ago.
Oil prices kinda stabilized...
and SKPet prices stopped falling...
I even made a comment that perhaps buying then was a much better option than chasing the stock when it was falling.....
Yes, I observed some buying support for the stock too!

Then came yesterday.....
or rather today's gap down....

and you cannot stop wonder about those buyers.....
what if these bottom traders give up those positions they recently took?
Oil outlook just got worst...
or rather many people now suddenly a pro oil BEAR!
LOL!
Yes, a lot of writings are singing the death to oil...... rolleyes.gif

whether they are right or wrong......
I dunno..... sweat.gif
but it looks more and more that this drama would last much longer.....

and judging from the chart...
the chances of a sharp rebound is getting slimmer and slimmer.......

also.... do I know the next level for SKPet from here?
ie what's after 280?
260?
240?
or would we even see 210?

no matter what.....
I like the WAIT option much better.

icon_rolleyes.gif



TSBoon3
post Nov 28 2014, 10:40 AM

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QUOTE(gark @ Nov 28 2014, 10:32 AM)
Perhaps you are right, but I have always been a knife catcher. bruce.gif

I am looking more at the 2008 graph of oil companies and oil price when it fell to $40.. it did not last, during the worst financial crisis ever, and not likely to last now.  wink.gif
*
I know I won't be 100% correct in my way...

Like the other day...
Muhibbah came crashing down very badly..... hitting a low of 213.... when I posted here.... sweat.gif
Of course...
my instant reaction was to avoid....
let the falling play itself out first...

but I was wrong....
the stock rebounded swiftly ...
right after i posted.... laugh.gif laugh.gif laugh.gif

*whistle*

However for SKPet...
I have commented on it since it was falling down around 360 or so.....



TSBoon3
post Nov 28 2014, 10:52 AM

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QUOTE(gark @ Nov 28 2014, 10:43 AM)
look at this... many government will fall..  brows.gif

user posted image

And this... oil production cost...

user posted image

Sk Pets, production cost of $40-$45 per bbl is in line with offshore shelf.  hmm.gif
*
Yes. I am aware of these stats. smile.gif

However, considering these facts...
you cannot help but scratch your hair until bald when you get OPEC's decision to maintain and not cut oil output....

It's a W T F decision which escalated the wild selling yesterday......


TSBoon3
post Nov 28 2014, 11:05 AM

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QUOTE(gark @ Nov 28 2014, 10:54 AM)
Cutting output will likely plunge many countries into recession.... apparently the Venezuela minister scolded the OPEC and storm out of meeting.  laugh.gif

The funny thing is that, there is no reduction of consumption, yet the price has slumped... apparently the OPEC wants to curb US shale oil production...
*
Theories and conspiracy theories are flying across the net..... as usual..... tongue.gif

zerohedge.com is one of the more popular sites or chief instigator... LOL!

there is a write on the issue of petro dollar too...

http://www.zerohedge.com/news/2014-11-27/t...ing-crisis-deck

( I glanced at it.... way too complex for me)


TSBoon3
post Nov 28 2014, 11:07 AM

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QUOTE(wankongyew @ Nov 28 2014, 11:01 AM)
Cutting means allowing US shale oil producers to get a free ride on the price. I think not cutting is absolutely the best decision for OPEC in the long term even if it causes a lot of short term pain (and even though I am losing a lot in SKPETRO). They need to make the Americans think twice before investing in more shale oil production and the Canadians the even more expensive tar sands production.
*
yeah... I do agree with what you are saying here......

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