Genting International PLC today close is SGD 0.59.

Btw, just recent KLSE newly implement new system or rules seems puzzle a lot of people.

Last year budget time.
1. Introduce single tier dividend system.
2. Increase min brokerage fee by 3x or more to RM40.

Now.
3. Merger of main and second board. <-- hard to finfd a reason for that.

Non of those seem beneficiary to investors especially retailers. Kind of hard to find a concrete reason what it has to do to promote investment in KLSE except the newly commission rate is fully negotiable for substantial amount of money traded one.

Retailers gain none from it. About the main and second board merger one, why need to have second board in the first place. <---- lot of retailers being burned heavily by second board counters, quite similar to recent CWs 'hangus' story. Second board index (which had been abolished, may be too ugle to be seen , just joking) was up until 500-600, when it was abolished just 1-2 years ago, the index is hovering at around 100+ only, <-- see the degree of damage?

Second board counters are simply too easy to ''goreng' due to low liquidity, that's why when the strong wave of scond board 'goreng' season, almost all second board counters price sky-rocketing to insane price, most at least Rm10+ and above. Repco was the infamous 'king of the share' being 'goreng' kau kau and went to to as high as Rm100+ to Rm200.

This post has been edited by cherroy: Mar 25 2008, 11:14 PM

Yup, the more experience you are in the market, then it is the reality (90% chance) for playing short term on 'goreng' counter. Sometimes you need at least 2 gain to cover 1 loss. Then after 3 transaction done become breakeven, but for sure remisers and investment house are very happy man.

This post has been edited by cherroy: Mar 26 2008, 10:38 AM

Probably syndicate behind this stock also become 'stuck crab' so take this low volume environment to push up the stock. then clear some, just guessing, no concrete evidence.

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Added on March 26, 2008, 10:49 amForex is a bit different than stock market, there are more lean to fundamental and technical side of play.

As movement in currencies market is generally small, you need high leverage to have meaningful gain from it.

This post has been edited by cherroy: Mar 26 2008, 10:55 AM

Which investment house?

System crash? <--- not updating their computer probably or buying cheap hardware stuff, haha, just joking.

Btw, market become 'lembik' already.

This post has been edited by cherroy: Mar 26 2008, 02:38 PM

If the particular stock can 'sleep' then still OK, but some 'hangus' and afterwards being delisted one (CWs expired, PN17 forced to be delisted by KLSE) then all down to the drain. So one should always choose wisely.

Just my 2 cents

This post has been edited by cherroy: Mar 26 2008, 03:26 PM

Those company name with 'red bar' one, haha. I don't know about other online trading portal got it or not.

Do you wish had it (transmile)? hehe
Those had it still feeling the pain even 3x limit up also way below their breakeven price.

There is once across the board (even blue chips like Genting) limit up (half of the market counters) when the market open just after the CNY. But there was when KLCI at 300+ points time back 1998. Nothing to be happy about, as just mean recoup some losses.

This post has been edited by cherroy: Mar 26 2008, 04:26 PM

Europe quite reddish at the moment.

KLSE is always like that. Fund managers (including PNB and EPF) got interest in index linked and support their portfolio stocks while those second and third liners are being left out on their own which depended on retailers interest only.

This post has been edited by cherroy: Mar 26 2008, 04:36 PM

It depended on what price of the offer. Rumour is true or not, nobody knows.

Once it is MGO, they need to take all the shares, can't set how many shares they want, it needs to be offered across all the shareholders of the company, it is same as to take it private already as listing company need to have at least 25% of liquid shares floating around at least 1,000 shareholders.

Whether they succeed or not, different case. If not succeed, company still can be listing as long as it complied the listing requirement of the shareholding spread.

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Added on March 26, 2008, 4:47 pmJust notice someone has managed to push the Petgas higher to 10.60 which make the KLCI up 11+ points.

This post has been edited by cherroy: Mar 26 2008, 04:47 PM

The price one bought has nothing to do how much they are getting the dividend. Each share is given out 2 cents disregard you bought it at 2.00 or 1.20.

All warrants are not entitled any dividend one, that's for sure, unless you convert the warrant to the mothershare prior before.

To be precise, warrant is just an 'agreement paper' let one to subscribe/buy the mothershare at specific price set. It has no right in the company until they are converted to the mothershare. Warrants holders are not considered shareholders of the company until it is converted to the mothershare.

This post has been edited by cherroy: Mar 26 2008, 10:37 PM

If compay announces 2 cents then it is 2 cents.
But some company do annouce in percentage wise eg. 2% then you need to calculate 2% x par value = xx cents.

They are quite active in the market already, just short of foreign fund activities.

Recent activities would be Tabung Haji on UEMBuilders.

ASB acquiring aggressively on SIME, a few millions shares.

EPF on some Pbbank and lot of TNB shares.

I believe local funds also keen on supporting/buying Maybank today as well, just my guess.

This post has been edited by cherroy: Mar 27 2008, 04:53 PM

Amfirst is giving out 3.6 cents for half year, lastest semi distribution. Annualised expect around 7.2 cents which translate to >8%.

Bare in mind Maybank just acquire a overpriced Indonesian banks, which will affect it cashflow in the future, so past dividend history is not a good indicator to judge future dividend yield.

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Added on March 28, 2008, 2:38 pmNobody is buying at Rm0.005 for the warrant, the Rm0.005 just an indicated opening price, it doesn't mean people bought at Rm0.005.

The warrant is given for free for those subscribe right issue of Waseong, But you lose out on the right issue but gain on warrant, it is a trade off.

This post has been edited by cherroy: Mar 28 2008, 02:38 PM

Btw, today, I am buying Panamy, Amfirst and Axreit.

Have some mini-shopping for myself.

Just add on position on Panamy only, as its financial year is ended 31/3 one, so can expect some final and special dividend when it releasing its financial result around end of April or May time. Final dividend always will be 35 cents (total for the year always 50 cents, has been like that for years or decade) and some special dividend, last year 65 cents.

Just little 'shopping' only, still saving bullets.

I always bought those 'boring' stock, won't go up one.
Just for dividend yield purposes.

This post has been edited by cherroy: Mar 28 2008, 04:05 PM

Yup, there is lot of talk about window dressing after a poor performance of 1Q 2008. Window dressing is more intense when market performs badly time, as fund managers struggle to make the number look 'prettier'. May be it is the reason why local fund managers are buying recent few days, just my guess.

There is why I am buying some today, don't need to buy on lowest, buy near the low is already good enough.
Who's know what will happen in the near future. As long as satisfy with my need with consistent earning and good fundamental (dividend yield >6-7%) I will be fine with it.

Always search for lowest will mean you won't buy anything. As when it is on the lowest point, you also don't know, only when price goes up afterwards, you only know it is the lowest, right?

This post has been edited by cherroy: Mar 28 2008, 04:33 PM

Different people different style, some like to treat it as 'bargain' like buying vegetables in pasar, some don't. Nothing right or wrong.

I also like to queue one, may be only 3/10 will take the sellers or buyers straight away one.
There is once I queue for the whole month at the same price. When remiser heard my voice, he said same? , then I said yes, at Rmx.xx with xx lots.