Should be Treasury shares.... treasury shares are those which are buyback by the company. 股 and 股票 is the same..... as for calculating share issues required to reduce treasury shares i'm not very clear what it means

Daniel thanks for your guide!

share buybacks can be found on klse or biz.thestar website, or look for the number of treasury shares in annual report. Company can either cancel the treasury shares (reducing the total amount of outstanding shares therefore raising EPS, Book Value etc), giving out the treasury shares as share dividend to shareholders or just do nothing with it. Pls correct if i'm wrong

This post has been edited by motolola: Jan 14 2010, 10:51 PM

That's strange ?

I read the balance sheet as show in below diagram :



However, i couldn't get the Share issued as 107,790,000 ?

Share capital - Tressure share = 109,903,000 - (6,187,950) = 103715050 , which i can't figure out to get the exact value '107,790,000'

The number is cost to buy. Read note 25. I guess that's the case.

Hey hi im really new to this whole investing thing so my question is what are the sources i should aim for to find information on which company to invest in? Would newspapers or websites be better?

And how long should i follow&study the market before i have enough knowledge to take proper action on which company to invest in?

Thanks greatly for whatever advice ya'll can provide =)

May i ask a dump question. Lots of you seem to be sifus here. For a beginner like me, how and where should i look up for information pertaining to some potential and cheap shares?

Just feeling lost, and dont wanna just be a follower, following what others buy without doing proper research.

Thanks.

Start to learn the basic measurement like EPS and PE..........those information can get it through the Investment Bank's research paper or financial report

Hi Sifu,

How to calculate the fair value for each share ? so that we know what is the discount for current share price ?

Thank you !

To start with I think you have to decide the trading strategy you are using:
1. Day trading ( Buy and sell the same day)
2. Short term investment ( Buy and sell in 2 weeks)
3. Long term investment
4. Dividend play.
5 .........
6..........
Example
No. 1 is the most interesting and very high risk.
No. 2 you need to monitor the price movement all the time.
No. 3 you buy and keep need only to look at end of day situation.
No. 4 Buy before the dividend and sell after the dividend is announced
No. 5 .......
There no way to teach you here....and I think you should read books or better still attend trading classes. Learning by try and error could be too costly.

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Added on January 18, 2010, 10:06 pmI was once told that a fair value is the highest value that you are able to sell the share. or the lowest value that you are able to buy. So you don't need to calculate.

This post has been edited by rosdi1: Jan 18 2010, 10:06 PM

Thanks rosdi1.

May be i confuse on fair value, what i means is how to determine whether the share price is under or over value ? how to we determine it ?

sorry to everybody. iknow this question been ask many time...i can't find the answer
my question is i suppose to get a dividen cheque. but wait for a long time still didn't get it. so who or where should i check with?
thank you!!

Check with the share registrar.

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Added on January 18, 2010, 11:11 pmThere are so many method to determine the fair value, each of them giving different figure, so that's absolutely hard to have a perfect figure, just like you buy thing from pasar malam, if you think that thing worth that much, then you propose the right price for the thing, with all the assumptions and prospect in place (but they might proved to be wrong), enjoy... hope I not making you more blur...

This post has been edited by htt: Jan 18 2010, 11:11 PM

I assume that when you say " potential and cheap shares " means that the share will be an expensive shares after you had bought it.
I think every one here are trying to find the same thing.
I also think that there is no one fool prove place where you can find one.
Generally we will try to use the same way that had a high probability of success before.
The reason that there are ppl that are willing to buy or sell i think it is due to this different way of analyzing. If every ppl analyze the same way than the market will not work.

This post has been edited by rosdi1: Jan 19 2010, 09:55 AM

Fair value is a subjective matter, there is no single way to define it.

But basically, fair value is the amount of valuation paid in order to get a satisfactory return on your investment.

Just like you buy a share at RM1.00, the company can generate Rm1 cent profit for you. So ask back yourself, do you satisfy with 1 cent profit with capital Rm1.00. Obviously no, right?

But if the company can generate 8-10 cents profit for you with RM1.00. Then it sounds ok, and fair that the stock worht Rm1.00. So in your perception it is a fair value for you at Rm1.00.

U may calculate it by this way ;

(% Net Profit + % Dividends) / Price to Book = Answer vs Quote Price

Those infor U may digest from Annual Report or Quaterly Report.

However, most of the time i just close my eyes and buy

wanna ask something, if the company PE ratio is -50 something among the industry average is it good?

-tive? Hardly so, normally company make loss is no good, but must look at other aspects like cashflow and prospect and NAV etc...

PE 50 is extra-ordinary high.

Market average is in teen number, preferrably around 13-15.

But this depended on the particular earning result situation, some profit figure might due to one-off event that drag down the profit on particular year etc issue that affect the PER.

So cannot straight away conclude anything before dig in the details.

for me, I will use the average of the last 4 quarter EPS to calculate PE ratio. its more accurate.The value will be lower.

Thanks rosdi1! Im planning on short term so around 2 weeks-ish, which book/s do you suggest i read to gain the knowledge i need?