Yes you are right. Counters like IOI Properties and Public Bank are very boring counters. But look at their performances after Year 1997 ( dividends and capital appreciation ), it is not that boring anymore.

It is my personal opinion, beginners in KLSE should go for these types of counters for a time horizon. Even they have wrongly invested ( if market comes down ), their money is still intact ( when mkt recovers ).

Just my 2 sen opinion. Not wrong and not right.

This post has been edited by SKY 1809: Jan 14 2008, 03:46 PM

Yes, beginners should go for those kind of stocks. But sadly to say, most don't but go for those 'goreng' stocks that are quick in price movement which can be 20%-100% in matter of days. Stock market sometimes is a patient game also.

What I mean 'boring' is in term of daily price movement, the term generally used by old timers in the stock market to reflect its daily movement, in long term their return rate is definitely not 'boring', there is no doubt about that.

For those who want to Goreng KLSE counters need to have a "Cut Loss" Plan in place first, unless they do not mind to become long term investors. Most of them got to pay tuition fees to stock brokers first. Just 2 sen opinion. correct me if i am wrong.

For those invested for " dividends ans long term cap appreciation" tend to live a happier life. Of course, they may grumble like old men when their shares are not moving fast enough. Another 2 sen opinion.

You can study counters invested by Unit Trust Co in Div Funds, then choose some out of there if you think got potentials. Remember to go for good track record UT Cos. You may save time and do a mirroring. You can also counter check whether your counters are on their lists or not. Do not sell cos yours are not on their lists, you can be better than them at times.

This post has been edited by SKY 1809: Jan 14 2008, 11:58 PM

i have to learn to "cut loss" since early stage, otherwise i wouldn't be so injured right now

stock market is all about learning process, you learn, you experience, you get burnt, you taste the sweetness, nothing comes easy.

LPI (8621) is giving 80 sens dividends, wow!

i wasnt aware about the existence of LPI Capital, sadly
today closed at 12.50
the announcement was made in the late evening, i suppose

tomorrow LPI might rally

Insurance co controlled by boss of Public Bank. Low & selective motor insurance business (usually loss making ) compared to Kurnia. They have good japanese partnership and corporate clients.

This post has been edited by SKY 1809: Jan 14 2008, 09:28 PM

emm right, atleast i get to know another good dividend counter today

LPI gave RM1.10 dividends in year 2007

Interim 30¢ - 16-Jul-07
Final 55¢ + Special 25¢ - 05-Feb-07

another boring counter (in terms of price moving)

see, over the past 6 months

beginners normally do not have 'big' fund to invest in high dividend share...(high dividend normally for top maket capitalise stocks),, wht is in their mind in active stocks/ (penny) to have fast return..hope those beginners take ur advice..

nowadays, we can buy share in 100s and therefore one does not really need "big" funds to invest for dividen yield purposes. The dividen yield is the same immaterial if you buy 100 shares or 100,000 share.

Really sad, because me and TopGunn have been discussing about LPI over at your PBBANK thread for 3 days now
I also eyed this counter, but seems too close to the payout, so I am on the losing edge if I chase now.
After the ex-d I might consider buying it for the start of a new FY
What about you? Still got bullet after shooting its brother?

I believe the hedge foreign Funds are back in Malaysia. Now, they can do short selling of shares , right ? ( correct me if i am wrong ). They did that in Year 1997. Do you expect them to be gentlemen this time ?

As far as I know, Bursa has banned short selling in Malaysia stock market. Only in futures you can short, but not in the normal stock market.

I thought they have allowed short selling back from Last year ? Can someone kindly reconfirm ?

Jordy...i eyeing on this stock quite some time...only i'm still thinking of this counter price is a bit high..my target price is RM11.60, that y i don do anything yet before discuss with all big gunn here..hehe even though i'm topgunn here..
i'll expecting tomolo opening price will be at least 30 cts above..i'll Q at 12.60 in 9:00 a.m tomolo, hope can get thru...

So you are only going to Q tomorrow? Why not today?
The price will go below RM12 ex-d, so I will only pick it up from there.
If you buy now, you already lost almost half of the cake, as most traders already "cashed in" on the dividend long ago.
So if you enter at RM12.60 (dividend of RM0.80 on ex-d), when the price hits RM12.80/RM12.90, those that entered earlier would bail out, causing the price to fall back to around RM12.30, especially with this volatile market.
So assuming the price cum-d is RM12.30, the ex-d price would be RM11.50. In this scenario, you are actually losing (RM12.60 - RM11.50 - RM0.80 = RM0.30, excluding tax).

Second scenario:
If I managed to pick up at RM11.50 ex-d, and I wait for the next FD+SD in January 2009.
Assuming the total payouts for 2008 is still the same (RM1.10), and assuming the price stays above RM12, I am actually profiting RM12 - RM11.50 + RM1.10 = RM1.60 in a year.
As compared to the first scenario, using the same assumptions, you gained only RM12 - RM12.60 + RM1.10 + RM0.80 = RM1.30.

Well, I hope I made it as clear as possible. I might be wrong though, so I may need Cherroy to clarify for me
Hope you don't get confused with all my calculations and bad language structure.

Regards

Well, wht u quoted is right also..wht is in my mind is only to hold this share less than a month..i foresee there will be a sudden surge due to dividend payout..if u will look back the price chart similar date (announcement on dividend in 2007). 3/1/07 RM9.50 (announcement date) next day surge 40cts to RM9.90 close. Within a month b4 ex-date in feb 07 price surged to RM11.00; Past profit 11.00 - 9.80 = 1.20; I assume the price may surge to RM 14.00 within a month before ex-d. I'll make RM1.40 within a month. Of course..if market is too valatile, i must be wrong..Any way no risk no gain..(pick small volumn)..this is not an investment. For safer..Of course i'll only pick it after ex-D...Thanks.

There is a chance for it to surge to your TP of RM14.00, IF LPI decides to offer payout of over RM1.00 this year.
This rarely happens, just as what happened to DIGI back in October.
News like this will definitely make the price fly.
If my cash can be released by 3rd week of February, then I will definitely buy a few lots on the ex-d for long term.

Can someone please explain what listed companies do with their treasury shares ( shares bought back from open mkt ) ?

a) Distribute back to existing shareholders as windfall ?
b) Re sell back to market for new investment purpose ?
c) just cancel the shares ?

If a & b are workable, it may cause the share price to surge. Also the question of when.

I notice BTOTO is holding these shares. They may want to improve their public image by benefiting the existing shareholders.They are also in the business of buying and selling companies ( DIGI & Prudential for example). What is the general practice adopted by other listed companies in Malaysia?

Anyone out there cares to share ? Thank you in advance.

This post has been edited by SKY 1809: Jan 15 2008, 08:06 AM

aww i must have overlook it
yes, count me in, i'm interested in high DY company


wow you are so right,
current price is 12.80 (+0.300)

p/s: weeeee, i saw my PBBANK is in the Top10 Gainers of the today, too

a) is most likely. By using their spare cash to buy back their own shares to distribute back to their shareholders as dividends. For example, YTLPOWR recently distributed their treasury shares, 1 share for every 25 shares held which is about 4% dividend worth. Most companies do not buy more than 10% of it's outstanding shares on the market. This has a dilution effect on the market because when they bought it for treasury share, they are taking the share out of the market, therefore increasing it's value. By giving back to their shareholder, therefore diluting the value again.

b) Unlikely, because the reason why they buy back their share with their spare cash is because they don't have anything better to do with it at the moment. By selling back to the market, not only are they diluting back the share again, the amount they hold could prove difficult to get enough buyers to not cause the share price to crash. Liquidity issue.

c) it's possible but the option of canceling shares is to improve the counter's EPS or PER. By distributing the shares to their shareholders which is directly better rather than to indirectly make their share more valuable by raising EPS. But useful for companies that has a lot of ESOS which dilutes share prices. To compensate, some companies buy back their shares according to ESOS and cancel it so the shareholders don't get pissed off at the company.