anytime before the ex-date

Me too.. joining the club as well
wah, 8% dividend payout...so tempting...

Btw, Volkswagen and PROTON have ended talk. There will be no partner for PROTON..at moment gua.

aiyor, tak jadi huh

i thought they almost make it

Proton share will go down the drain then.....luckily I don't believe rumuors that VW already signed with PROTON

---

Added on November 20, 2007, 10:04 pmU bought that counters??


This post has been edited by jasontoh: Nov 20 2007, 10:04 PM

herm y no one explain to me more bout aeon credit listing here

no i didn't, no confident to buy

i just read about its article in The Edge, i was thinking will they be another DIGI & TDC case

looks like they are not

like that we buy before it and receive the dividend and we cabut and sell the share , can ??????????


i got new on Snergy Drive

Synergy Drive reference price set at RM 8.90 per share, based on market capitalisation of 8 participating companies..........

Just an update .... Future +25.00, seems like heading the wrong way

AEON Credit will be listing on Main Board of Bursa Malaysia on 12/12/07

did you manage to get at IPO price?

i wonder how much is the IPO?

eeee, that is not something new


uh-oh...

because of this new la, kacau betul



Freddie Has 3rd-Quarter Loss, Seeks to Raise Capital (Update2)



Nov. 20 (Bloomberg) -- Freddie Mac, the second-biggest buyer of U.S. mortgages, posted its largest-ever quarterly loss and said it may cut its dividend and raise capital to weather ``significant deterioration'' in the housing market. The shares fell.

The $2.02 billion third-quarter loss included $1.2 billion of provisions for credit expenses and a $3.6 billion reduction in the value of assets, the McLean, Virginia-based company said in a statement today. Freddie Mac hired Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. to advise it on capital options.

A slump in the value of mortgages reduced core capital to $600 million more than its regulatory requirements, prompting Freddie Mac to seek more money. Fannie Mae, the largest buyer of mortgages, reported on Nov. 9 its loss more than doubled and said home prices will keep falling. Concern that the companies' credit expenses will rise further sent the stocks tumbling in the past four trading days to the lowest in a decade.

``Nothing is going to improve until after the first half,'' said Stuart Plesser, a Standard & Poor's equity analyst in New York. Freddie Mac's ``charge off levels are going to be going up.''

The third-quarter net loss almost tripled to $2.02 billion, or $3.29 a share, from $715 million, or $1.17 a share, a year ago.

Credit Suisse Group's Moshe Orenbuch yesterday cut his price estimate on the stock by 34 percent to $45 and said he expected a $1.65 a share loss. Analysts overall predicted a loss of less than 1 cent a share, according to the average estimate of nine analysts surveyed by Bloomberg.

Loan Losses

Freddie Mac fell $2.62, or 7 percent, to $34.88 in early New York Stock Exchange trading, extending a drop that saw the stock decline 16 percent in four trading days as concern over credit losses grew. Fannie Mae dropped 6.1 percent. The shares had fallen 24 percent since Nov. 13 after Fortune magazine reported the Washington-based company changed its accounting for credit losses, potentially understating the extent of the damage.

Fannie Mae and Freddie Mac own or guarantee about 40 percent of the $11.5 trillion U.S. home loan market. Congress created the companies to increase mortgage financing by buying loans from lenders. They profit by holding mortgages and mortgage bonds as investments and by charging a fee to guarantee and package loans as securities. They see losses when defaults rise.

Foreclosure filings doubled to 223,538 in September from a year earlier as subprime borrowers struggled to make payments on adjustable-rate mortgages, RealtyTrac Inc. said last month.

Home prices in 20 U.S. metropolitan areas dropped 4.4 percent in the 12 months that ended August, an eighth consecutive decline and the most in at least six years, according to the latest S&P/Case-Shiller home-price index, also released in October.

Fannie Mae Earnings

Banks and securities firms worldwide have already reported about $50 billion in losses from subprime mortgages, loans given to borrowers with weak credit that have been defaulting at a record pace. The total damage may reach $400 billion, Deutsche Bank analysts said last week.

Fannie Mae's third-quarter net loss more than doubled to $1.39 billion because of mortgage delinquencies. The loss was caused by a $2.24 billion decline in the value of derivative contracts and $1.2 billion in credit losses among the $2.7 trillion of mortgage assets Fannie Mae owns or guarantees.

Fannie Mae Chief Executive Officer Daniel Mudd said the housing market the average price of homes may fall as much as 4 percent in 2008, causing Fannie Mae's loan loss ratio to potentially more than double to 10 basis points. Fortune magazine on Nov. 13 reported that the company's credit losses may be higher than they appear, causing the stock to tumble.

Capital Requirements

Freddie Mac on Aug. 30 reported that its second-quarter profit fell 45 percent as it set aside $320 million for credit losses. Chief Financial Officer Anthony Piszel at the time predicted the drag on profits from defaults would rise in 2008.

The company's capital in excess of its current minimum regulatory requirement fell by $1.2 billion from June 30 to $600 million on Sept. 30. Freddie Mac's required capital level is 30 percent larger than what would typically be required as the company recovers from accounting mistakes revealed in 2003.

February Filing

The announcement today is the third regular quarterly release in five years. The company stopped providing earnings after disclosing in 2003 that it understated two years of results by $5 billion.

Freddie Mac plans in February to file results for all of 2007. Since revelations of the accounting errors, the Office of Federal Housing Enterprise Oversight has required the company to curb growth, set aside 30 percent more capital than usual and overhaul accounting, internal controls and governance.

Fannie Mae and Freddie Mac have been constrained from buying mortgages because of restrictions imposed last year. Ofheo in September loosened limits on the government-chartered companies' holdings, in an effort to ease a housing slump that's caused other mortgage investors to retreat.

Freddie Mac's portfolio of mortgages and related securities was $703.1 billion in October.

hnmm... yes & no.

Yes , I agree to what you have explained but I feel this applies in a hot and bull market.

No , because I experienced with Sunrise 2 yrs ago, I bought @ 1.78 during market was slow at that time . Though they reported solid unbilled sales >500million which was to be reflected 1-2 yrs later, the share price moved only sideways! (so disappointed at that time). Then, 1 year later, they reported increase in net profits due to those sales reported earlier, share price bounced up & up,,.....well into today @3.30+.

more highlights on VW & PROTON



will PROTON shares go down drastically on tomolo

This post has been edited by panasonic88: Nov 20 2007, 10:13 PM

U.S. Housing Starts Unexpectedly Climb in October (Update3)

By Bob Willis
Enlarge Image/Details

Nov. 20 (Bloomberg) -- Housing starts in the U.S. unexpectedly rose in October as a jump in work on condominium projects outstripped the weakest construction of single-family homes in 16 years.

Builders broke ground on 1.229 million homes at an annual rate last month, up 3 percent from September, the Commerce Department said in Washington today. Construction of single- family homes fell 7.3 percent to the lowest since October 1991. Multifamily home building surged 44 percent.

Sales of single-family homes are dropping as potential buyers wait for prices to fall even more and some banks make it more difficult to get mortgages. Demand is declining as fast as construction, preventing builders from trimming inventories and suggesting the real-estate recession will linger into 2008.

``All of us are ratcheting down our expectations for the bottom of the housing sector and I don't think we're there yet,'' said David Resler, chief economist at Nomura Securities International Inc. in New York.

Building permits, a gauge of future construction, fell 6.6 percent to a 1.178 pace, the lowest since 1993. Treasury notes gained after the report, while the dollar remained near a record low against the euro.

Exceeding Estimates

Starts were projected to fall to a 1.17 million unit pace, from an originally reported 1.191 million in September, according to the median forecast of 75 economists polled by Bloomberg News. Estimates ranged from 1.05 million to 1.25 million.

Permits were forecast to drop to a 1.2 million pace, according to the survey median, with projections ranging from 1.1 million to 1.324 million.

Construction of single-family homes dropped to an 884,000 pace while work on multifamily homes rose to a 345,000 annual rate.

The increase in starts was led by a 21 percent jump in the Midwest. Construction rose 8.5 percent in the Northeast and 5.8 percent in the West. Starts fell 4.6 percent in the South.

A report yesterday added to evidence that housing was far from recovery. The National Association of Home Builders/Wells Fargo confidence index held at a record low of 19 in November.

Toll Brothers Inc., the largest U.S. luxury homebuilder, said Nov. 8 that fourth-quarter revenue fell 36 percent and the cancellation rate rose to the highest ever.

``We do think that this is worse than it was in '88 through '90,'' Chairman Robert Toll said on a conference call. ``We can't predict how long this down period will last.''

Subtracting From Growth

Declines in home construction have reduced growth since the start of 2006 and detracted 1.1 percentage points in the third quarter. Homebuilding will drop at a 22 percent annual pace this quarter, the most since the last three months of 1981, according to a forecast by economists at Lehman Brothers Holdings Inc.

Foreclosures doubled in September from a year earlier as subprime borrowers struggled to make payments on adjustable-rate mortgages, RealtyTrac Inc. said Oct. 11.

Rising foreclosures and falling sales are adding to inventories and pushing down prices. The Case-Shiller index of home prices in 20 major cities declined 4.4 percent in the 12 months though August, the most since records began in 2001.

Declining home equity deprives some owners of the cash used to buy other goods and services or fund home-improvement projects.

Lowe's Cos., the second-largest home-improvement retailer, yesterday said third-quarter profit declined 10 percent and reduced its annual profit forecast for the second time in two months because of the housing slump.

Holiday Shopping

This week traditionally marks the start of the holiday shopping season and the National Retail Federation is forecasting the smallest sales gain in five years. In anticipation of weak demand, Bentonville, Arkansas-based Wal- Mart Stores Inc., the world's largest retailer, began offering holiday discounts two weeks early.

Consumer spending, which accounts for about 70 percent of the economy, will grow at a 2 percent annual rate in the fourth quarter, down from 3 percent in the prior three months, according to the median forecast of economists surveyed by Bloomberg earlier this month. The economy will grow at a 1.5 percent rate, less than half the reported 3.9 percent third- quarter pace, the survey shows.

Federal Reserve Chairman Ben S. Bernanke told a congressional hearing Nov. 8 that policy makers expected growth to ``slow noticeably'' in the current quarter and remain ``sluggish'' in the first half of 2008. ``The contraction in housing-related activity seemed likely to intensify,'' he said.

Later Today, the Fed will issue the minutes of its Oct. 31 meeting. The report will be the first to contain expanded forecasts for growth and inflation that form part of the central bank's drive to improve transparency in communications.

To contact the reporter on this story: Bob Willis in Washington at bwillis@bloomberg.net


What does this mean??

As my understanding, after the bonus payout, share price will revalue again and will set lower after the dividend payout.
For example: mother share price is RM3.00. After dividend payout of 30cents, share price will revalue down to RM2.70.
So u cant sell it at RM2.70. It will be a break-even price only. Usually, will keep for days/weeks or till price up to RM3.00 then u can gain profits from it

Please correct me if im wrong..

Synergy Drive RM8.90? What is TP for SD?
Btw, when SD listed, will BURSA rise also due to KLCI index up?
worth to keep BURSA before SD get listed?

If go down to 0.05 then i might consider to buy

at this moment, Futures climb back to : +42.00

Correct, but from what I see, usually after ex-, the stock price will rally up. Not sure whether this trend happen to selected counters only or all

then proton kancil only costs RM 3,000

theoretically, yes, BURSA will rise due to KLCI index up
but it still has to depends very much on U.S performance
if timing not ngam, U.S drop 300 points on 29/11, i doubt SD can cheong very far, same goes to BURSA


haha, 50% OFF for all range of PROTON models