KLCI was actually rising suspiciously when the world markets was not having a good time last week. Some say it was window dressing, some call it rebound from GE.

can be said KLCI is currently decoupled...

I don't see whats the panic all about.

Anyway post-GE, the drop was all on GLCs mainly. Some other counters did drop but went back to old levels but the GLCs hardly recovered. So meaning the KLCI should stay lower instead of going up again last week in low volume.

For stocks, you shouldn't gauge how cheap it is based on previous prices and current prices. The price alone does not tell you what has change in the company.

For instance, if the company pays a special one time dividend of RM1.00, the prices will be lower after ex-date. But you might think it is cheap if you look at price a lone without knowing what happened that would cause the price to go down.

Similar for fundamental changes that are not shown by looking at prices alone.

This post has been edited by skiddtrader: Apr 3 2008, 12:35 PM

Yes, for speculative short term and high volume trading, whether or not fundamentals are crap or good, timing is everything.

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Added on April 3, 2008, 12:53 pmThat's when Anwar can stand for election again, meaning in best/worst case scenarios he has the chance to become Prime Minister.

This post has been edited by skiddtrader: Apr 3 2008, 12:53 PM

ROFL!!!

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Added on April 3, 2008, 8:31 pmIt's going to crash tomorrow. Didn't you know?

This post has been edited by skiddtrader: Apr 3 2008, 08:31 PM

What an incredible slow morning.

2 upcoming IPOs for April, Dayang and Hartalega. OSK is calling for a 'Suscribe' on Hartalega, but they are bias because they are underwriting the deal.

Closing date for Dayang is 11 April and Hartalega is 7 April. I wonder what are the prospect of this 2 under current circumstances. But at least they are listing on the Main board if it's any consolation.

This post has been edited by skiddtrader: Apr 4 2008, 11:19 AM

Hmmm MRCB hard to compare with SPSetia.

One is a GLC being spoonfed with projects from the government, the other is a property developer that depends on consumers to buy their homes and projects.

But the moral of the story which was to catch a falling stock thinking it might go up the next day is accurate though.


Edit:

Want to add something about Hartalega's IPO. It seems this IPO is unlike some of what I've seen. The money raised from this IPO does not go to the company but instead to the pockets of the owners (5 persons). Now it is common for company to raise cash with IPO for purpose of further expansion or to finance their debts. But this IPO is to get money from the public and go straight into the pockets of the owners. In exchange for shares in their company.

Another interesting fact about the IPO is that it will not issue new shares for this IPO to prevent diluting the earnings per share. Only 24 Miilion shares will be sold and only 10 mil is for the public. Total shares in 242 mil shares.

Any comments regarding this 2 points.


This post has been edited by skiddtrader: Apr 5 2008, 04:43 AM

The company isn't really in a need for cash injection probably, and the major shareholders aka the 5 of them will be splitting RM46mil that will be generated for Hartalega's IPO. Company in terms of financial benefit from the IPO is ZERO. RM46 mil for the company is like 2 years net profit.

I'm still suspicious of the whole deal though, because normally an IPO is to raise cash for expansion of the company so the new shareholders can get some returns out of their share. But since they aren't issuing new shares for now, they can excuse themselves from expanding because the EPS has not been affected. Only thing change is the 5 major shareholder will get less returns due to their lower shareholding in the future for a lump sum payment NOW from the IPO.

And from the calculations of 10 mil shares to be offered to the public, that would mean 100,000 lots of share only will be offered, which most likely will guarantee a full take-up. And the local media will probably hype it up and say "Hartalega IPO 238176321876x over subscribe"...

Too low a volume to determine for sure if it is a real downtrend.

If you are new, I suggest you actually read up about stock market and learn more about it before you actually take a dive in it. Your pick TGOFFS-WA isn't actually a stock at all.

Go here and do their stock market tutorials. Then go to Bursa Saham Malaysia website to do their tutorial and FAQ as well. That should equip you with the basic knowledge needed on what you need to know.

Currently 3,24

[quote=Vv.SoViEt.vV,Apr 7 2008, 08:38 PM]
[quote=Vv.SoViEt.vV,Apr 7 2008, 03:27 PM]
Hi all,

Type : Announcement
Subject :
Proposed Share Split
Proposed Acquisition
Proposed ROS and Proposed Placement
Proposed Exemption
Proposed M&A Amendments
(collectively referred to as the "Proposals")

Can anyone explain more details on the above quote and also what do you think of such proposal?



[/quote]

Soviet, there is nothing to explain since it doesn't really tell anything. At least if you can tell us the actual source of that news item and read it, maybe we can understand more of it.

How do you expect us to give an opinion how good or bad the proposal is when we don't even know what is it about. All those subject items are common in the share market and the details of it will let us know if it is good or bad. So please, do some 'Googling' on those items if you don't want us to know which company announcement is that for fear we might know what counters you own. If you want us to help, at least provide a link to that announcement or tell us which counter is it so the people who wants to help can actually do so.

sigh.... not gonna bother then.

I think chen9wei is asking whether it is per 100 shares or per share.

The answer is per share.

chen9wei, have you done the tutorials in Investopedia? I know it seems much simpler to ask here and get the answers, but I have to stress the importance of self learning so that you don't depend on spoon-fed information which might not be entirely correct sometimes.

Uhmm can you post a link?

Is that tomorrow's news? I can't see it in the English version Sin Chew online.

It's true some IPOs enjoy a week or 2 of honeymoon where their shares are hotly traded and people like to goreng it. But a lot of people get trapped in this kinds of situations as well. It really depends on the sentiment of the public when an IPO counter gets listed.

You are new, why learning how to 'goreng' when you don't even know how to 'boil egg'?

Take your time, research the counters you think are good, read about them, look at their trends, try and understand the behaviour of the stocks. If you aren't desperate for money, I don't see why you should risk what little you have for uncertain counters.

At the end of the day it's still your hard earned money, so take your time making decisions about it. No one is rushing you and you shouldn't be rushing yourself. Good luck.

This post has been edited by skiddtrader: Apr 9 2008, 10:15 PM

Yeah their dividend history is quite good.

And yes the 19% is based on RM1.00 par value. So RM0.19 is correct. Looks like I have to take a look at this closer.

Take a look at their debtors and receivables, suspicious doesn't it?