it's rising cause got ppl "goreng" it.

better dun touch la...last time remember it jump to 5+ due some "ppl" leaked our fake info on kuok would buy it back the shares...later kuok denied it n the share flat again......so u wanna buy...buy la...

buy at ur own risk!

it's now 2.90...

i hope it goes down more, since i got no more share in this coutner!!

jahat betul..........


u did the rite thing

Investors are lost of interest & confident of this counter. Still need time to recover..!!

when everyone lost interest in this stock and all the goreng activities stop, we should keep a eye on the stock, it may have hit rock bottom by them.

waiting trasmile in rm 1

Huh, then I rugi kao kao because I was one of them still holding a RM5 TRANMIL
Don't hope for it to go so low la hehe.

i made a loss of roughly RM5k in this share. I had enough

i think it good for long term investment..the fundamental are very strong,the only thing iccur reason are fraund case in the past 2 years which is managing by our ex-transport minister..thanks him have a deep pocket...

How can you say the fundamental is very strong? For one thing, it has 2 big customers, DHL and POS Malaysia. So far DHL has agreed to extend their contract to give Transmile a chance to turn around. Now do remember, even with these 2 customers Transmile is running at a loss whether due to costs or bad management.

So to turn a company around, it has to cut pay or lay off staff to cut costs, hedge it's fuel for their planes properly, use cheaper equipment and resources, limit expenditure on everything and try to get new customers for its services. Then only it can have a chance to make a profit. Until Transmile actually announce a new customer like maybe Federal Express or UPS, I doubt it can spectacularly turn around it's company to warrant a higher share price.

The good points about Transmile;
- License to fly to several citys in China
- POS Malaysia and DHL contract
- Robert Kuok active shareholder
- ??

Bad points;
- Losing money with 2 big customers in hand
- Costs of operation expected to rise with Crude Oil Price
- Bad reputation from fraud
- Not cash rich
- No dividend expected
- This from the quarterly report ;
"Review Of Performance Of The Group And Its Principal Subsidiaries
The Group revenue of RM444.0 million for the period ended 30 September 2007 is lower compared to RM512.7 million in the corresponding period last year, mainly due to the strengthening of Ringgit against US Dollars and lower charter revenues.
Group loss before tax has increased to RM101.2 million compared to a Group loss before tax of RM38.8 million in the same period last year. The increase in loss was due to lower charter revenues, provision of bad debts and higher fuel cost."

"The directors are not aware of the current status of the investigations undertaken by the Securities Commission and other regulatory authorities, and at this juncture, are not aware of any further adjustments that may be required to be made to the financial statements,.."

skiddtrader has his good point, why the earth the management want to report 'make up' number of profitibility if company is really making money?

If a company is not making money or will be making money in the future (profit) then how would you justify its 'fundamental are very strong as you claimed'.
If you have some facts to support it, please post it to justify your claim/statement because of 'strong fundamental are very strong and good for long term investment'
We don't say Transmile won't have a future, just need to post some facts/details to support the claim as here is not a Kopitiam talks.

Basically, the company needs to revive itself and turn the corner into a profitibility businesses otherwise it is hard to see its shares back to its old day.

Cheers.

This post has been edited by cherroy: Jan 12 2008, 10:42 AM

Right now, I still keep it because I only have 1 lot in it, so doesn't affect my whole portfolio that much. Just hope that one day I can sell at a lower lost. For now, I have other cash to roll

I remember when the fraud was first revealed and many didn't believe it was as bad as it was.
From RM13 down to RM10, people thought was cheap they buy some to average down.
From RM10 to RM8, again people thought it was a very cheap stock with good fundamentals!
From RM8 to RM6, people are spurred to buy when they see foreign funds averaging down.
From RM6 to RM5, people thought that was the lowest it can go.
From RM5 to RM3, people thought thats the NTA value, so they think its a god buy.
From RM3 to ???

Trust me, averaging down on a problematic company is the worse decision you can make. Best is to cut loss or wait and see what the situation is. Never average down a problematic company because you are increasing your risks to an already risky venture.

This post has been edited by skiddtrader: Jan 12 2008, 01:55 PM

skidtrader, this not fundamental la...u list out is the share price from april 07 until todate..
What i know is, the company have -ve figure of EPS & EBITDA since 2005 todate...unless some body can advise value of it's asset per share...!!!!sorry if my evaluation is wrong...

Yeah, my last post was not about fundamentals but the way people convince themselves that based on the lower price, they think the 'fundamentals' of the company suddenly became better. It's psychological because they want to buy something they think is good at a discount but in actual fact, although the counter became cheaper, the fundamentals are still the same. Meaning it is still not a good share to buy fundamentaly speaking.

Cheaper stock doesn't mean fundamentally better, but people tend to skew their mindset to think it is better fundamentally because it is cheaper. My last post was to show how at every price level Transmile drop to, there are people who would justify the price as a good buy although they know there was a fraud case. Even after they knew the company was making a loss and cash reserves were shrinking every quarter, they still think it is a good buy when the share price drops again. If the company wasnt making money since 2005, what reasons do they have to think the company is going to turn around in a quarter?

This is one part of the weakness of KLSE trading system. As it only allows 30% on both direction, it can't suddenly drop from 13 to 3 in one day time. When it hit limit down 12 to 9 something, people perceived it can't go down anymore (ya, right can't go down in that day, true also ) so it attracts people to buy sometimes. If in US, this kind of news (fraud case) come out, the stock will be nose-dived straight away from 13 to 3, may be few ten cents in one day.

Having said that, the limit down/up limitation also has its goodness, it prevents too volatile movement or excessive manipulation. So nothing comes totally good or bad, each system has its advantage and disadvantage.

KLSE Stock Review

You're right there. High risk can also mean no gain. At the present time I dont understand why some fellas want to put money into Transmile when there are many more better stocks to invest in. Sure if you're a punter maybe you'd like to 'bet' on Transmile suddenly gaining market interest. But that isnt investing. If you're interested in investing, Transmile's fundamentals are not that strong at the moment. So wait for the next quaterly report. However, dont juz throw Transmile down the drain too, it could be worth watching. But pick a right time to enter if you HAVE to pick that stock.

guess what, TRANMIL is 2.64 only