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 Stock Market V13, Stock Market Chat, Traders and Investors Chit Chat

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lklatmy
post May 23 2008, 09:59 AM

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Transmil up is because they proposed to issue shares at 2.20 to settle the borrowings,part of which already overdue.

If the proposal is implemented,long term effect is that company will not be facing liquidity crunch.But earning will be diluted by the hughe amount of new shares issued.

Future earnings must keep pace with the increase in paid up to justify any increase in price.Do you think this will be the case?

This post has been edited by lklatmy: May 23 2008, 10:16 AM
lklatmy
post May 23 2008, 11:19 AM

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QUOTE(kurt @ May 23 2008, 11:08 AM)
Final dividend in respect of the financial year ended 31 December 2007 of 0.72sen per share less income tax of 26%

Shares Transfer Before Date  : 29/05/2008

PRICE NOW : 0.745
hmm.gif Why no one grabbing the shares? advise advice, pls?
» Click to show Spoiler - click again to hide... «

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Because no big deal mah,.72 sen is only RM7.20 per 1000 shares.After tax it work out to be Rm5.328 per 1000 shares!!
lklatmy
post May 25 2008, 02:15 AM

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QUOTE(panasonic88 @ May 24 2008, 09:58 AM)
different ppl have different risk appetite, perhaps rolleyes.gif

i treat PN17 company like a dieseased company, wont look at it either.
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In most cases,yes,I agree that 99 % of those companies classified as PN17/GN3 are companies under financial distress and chances of delisting is high.

But,there are exceptions,some companies that have sold off their core business and are now without any core business are also given the same classifications under PN17/GN3.These companies may have lots of cash horde and can either return the excess cash to the shareholders or,use the cash to venture into other undertakings .

This type of companies are rare but they have the potential to pay high dividend/capital repayment.There is also possibility of being a takeover target,or there may be injection of new business.

One should not treat these companies as same league with the rest.It may be worthwhile to dig deeper into the cause of the classification and who knows,you may be rewarded accordingly.

lklatmy
post May 25 2008, 10:24 PM

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QUOTE(Mikiyo @ May 25 2008, 10:08 AM)
If these companies were to give high dividends to its share holders, dont u think the share would drop more? They dont have a core business to support its share prices already right?
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Yes,the market price adjust after the ex date.But that''s a different issue.

My main contention is that there are also companies with sound financial health classified as PN17/GN3.

lklatmy
post May 26 2008, 09:24 AM

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QUOTE(cherroy @ May 25 2008, 11:38 PM)
Just to more specific.

PN17 company is not as same as GN3 company, although both potential being delisted due to violation of listing requirement.

PN17 - is towards ailing company which either in negative shareholder fund, or some financial distress or violation of rules due to financial situation.

GN3 - is towards to violation of listing rules because of having no business or core business.

Both are not in the same category.
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Sorry,I must beg to differ.


As far as I am aware,the two rules are SUBSTANTIALLY similar ,the difference being that PN17 applies to main and second board,whereas GN3 applies to Mesdaq counters.


Please feel free to point out if I'm wrong.


lklatmy
post May 26 2008, 10:55 AM

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QUOTE(panasonic88 @ May 26 2008, 09:33 AM)
err sorry, not so clear on right issues, you may give some work to our remisier, lklatmy, today should be a free-day tongue.gif
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doh.gif doh.gif rclxub.gif rclxub.gif rclxub.gif biggrin.gif biggrin.gif

KNM Rights issue at a price of RM4,

Ratio 1 for four,

Rights will be traded from 3/06/08 to 10/06/08.


Closing date for subscription 17/06/08,
lklatmy
post May 26 2008, 11:57 AM

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QUOTE(WoodStock @ May 26 2008, 11:06 AM)
which mean if i own 4 lot of KNM
i could buy a new one at RM4 before 17/6/08??

sorry i am still very new in this... notworthy.gif  sweat.gif
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Yes.

You can also sell off your subscription rights if you wished.
lklatmy
post May 27 2008, 02:29 PM

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QUOTE(kinwawa @ May 27 2008, 02:26 PM)
KUALA LUMPUR: Bursa Malaysia has cautioned investors over the persistent rise in the share price of Golden Plus Holdings Bhd.

In a circular issued Tuesday, it told investors to note that GPlus had on May 14 replied to Bursa’s Unusual Market Activity query that there was no material and recent development in their business to explain the price rise.

It advised investors to take note of the development of the company including the fact that GPlud had not submitted its audited consolidated financial statements for the year ended Dec 31, 2007, which was due on April 30 to Bursa Malaysia Securities Bhd.

“Bursa would like to advise investors to exercise caution and due diligence on the trading of GPlud securities and to guide their investment decisions based on fundamentals of the company,” it said.

“Bursa will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of GPlus securities,” it said.
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Haha,another potential limit down candidate....

lklatmy
post May 27 2008, 02:51 PM

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QUOTE(panasonic88 @ May 27 2008, 02:49 PM)
lklatmy, is it a better idea to sell GPLUS? assuming one bought it at 1.6x.  unsure.gif
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Read between the lines tongue.gif tongue.gif

(Buy/sell at your own risk)
lklatmy
post May 27 2008, 03:14 PM

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QUOTE(panasonic88 @ May 27 2008, 03:11 PM)
thanks for the immediate head up, cherroy & lklatmy wink.gif wink.gif
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Haha leng lui,I see nothing and I heard nothing.did you sell? brows.gif brows.gif

lklatmy
post May 27 2008, 05:12 PM

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QUOTE(zamans98 @ May 27 2008, 05:04 PM)
BS, CI last second UP!
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HAHA,Everyday magic show. rclxms.gif rclxms.gif rclxub.gif rclxub.gif
lklatmy
post May 29 2008, 01:16 PM

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QUOTE(PBB boleh @ May 29 2008, 12:21 PM)
Hmmm... I hold some stock in that counter, do they sent me cheque directly or do I need to call my remiser?
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This is a selective capital repayment exercice.just sit tight and wait,a cheque will arrive in your mail box.
lklatmy
post May 29 2008, 02:21 PM

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QUOTE(panasonic88 @ May 29 2008, 02:07 PM)
mate, i checked out with my dad during lunch just now

he has 150 lots of MAGNUM at 2.xx averagely, he said they will send you cheque
and seems like MAGNUM is going to give another final round of dividends (didnt announce how much yet)

fat fat pocket yeah  rolleyes.gif
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No leh,Magnum has not declared any dividend prior to the capital repayment .So Magnum shareholders(except MPHB) will only receive the 3.45 per share,and habis cerita liao.
lklatmy
post May 29 2008, 02:28 PM

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QUOTE(cherroy @ May 29 2008, 02:21 PM)
When they reached the mandatory take-over (owning more than 90%) then it will trigger automatically all remaning shareholders have to sell their shares to the party that privatise it disregard the reamaning 10% shareholders' wish.

So by right, they will send the cheque for the privatisation offer and debit your shares in the CDS. But I have no experience regarding it. So don't know whether existing shareholders need to do anything, may be Iklatmy can give out more accruate information about privatisation deal. 
By right on paper, shareholders don't need to do anything.
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I have already posted the answer in #464 above.
lklatmy
post May 29 2008, 02:53 PM

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QUOTE(panasonic88 @ May 29 2008, 02:48 PM)
wow seriously?? the lucky bugger who grabbed it at 7.95 is laughing his ass out!!!  shocking.gif
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Some unlucky bugger will have to bear the loss leh,either the Remisier or the client if he keyed in himself using internet.


Be very careful if you are doing internet trading.
lklatmy
post May 29 2008, 03:05 PM

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QUOTE(panasonic88 @ May 29 2008, 03:00 PM)
you also have the becareful oh  brows.gif
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Oh yea TQ.We do make mistakes too especially in quiet market since less alert.

But we have error account where no commission is charged,strictly for error only and the management is very very strict on this.
lklatmy
post May 29 2008, 03:18 PM

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QUOTE(Mikiyo @ May 29 2008, 03:12 PM)
i almost did a mistake before... but it was during a quiet time...cause ure mind tend to drift away during quiet time tongue.gif dunno whether to sell or keep
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Yeah,precisely.
lklatmy
post May 29 2008, 03:25 PM

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QUOTE(howszat @ May 29 2008, 03:13 PM)
From a software point of view, it should be easy enough to have a pop-up window if the amount differs from the last done price by say more than 5% that says: Are You Sure? The difference between 9.00 and 7.95 would have been caught, in theory hmm.gif

BTW, if there is a loss (apart from the commission), who pays for the difference, or it is the customer's loss?
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There is a pop-up window if the price keyed in is more than 5 bids(figure can be specified by the user) from the last done price.The problem lies with the person,not the software cry.gif cry.gif
I am referring to the Broker Front End system that we are using.

If the mistake is by the remisier,than the Remisier has to pay.If the client keyed in through the internet,it's the client's resposibility.
lklatmy
post May 30 2008, 08:58 AM

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I personally think that Genting downside is limited.the fall in profit in the last Q mainly due to less profit from sale of investment.Operating profit did't come down.
lklatmy
post May 30 2008, 09:33 AM

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QUOTE(JimJimKC @ May 30 2008, 09:13 AM)
Open market drop -0.10 already... FF dump the stock is it?
Looks like really FF dumping the stock

FMR LLC & FIL Limited
Transaction Detail 
Transaction Type Date of Change No of Securities Price Transacted (RM)
Disposed 23 May 2008 1,400 0.000
Disposed 23 May 2008 1,500 0.000
Disposed 23 May 2008 90,000 0.000
Disposed 23 May 2008 150,400 0.000
Disposed 23 May 2008 238,700 0.000
Disposed 23 May 2008 661,000 0.000
Disposed 23 May 2008 2,637,400 0.000
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Additional information for forumers to make informed decision:

Total no of securities after change:182,038,260


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