Convertible loan stock is good in the sense that it drains less on Cash piles.

Any default on loan would send prices down ( like KNM ).

People don't think that way when time is good leh... but bad time coming...

I am talking about Resort treasury shares, not YTL Power.

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Added on October 16, 2008, 5:21 pmYa, that is the diff between a good and Poor management.

Poor management plans only for the good times, seldom for the bad times. They prefer to pack and go.

This post has been edited by SKY 1809: Oct 16 2008, 05:53 PM

FOr resorts case, maybe they are using it in exchange of $$ to raise cash for their business expansion. Which they will sell back to the market in exchange of cash.

I think they are more interested to sell treasury shares so to maintain CEO's pay ( at 41m ) for a long time.

Sorry, do not mean to flame anyone.

This post has been edited by SKY 1809: Oct 16 2008, 05:31 PM

EX-date : 05/12/2008
Entitlement date: 10/12/2008
Entitlement time : 05:00:00 PM
Entitlement subject : Final Dividend
Entitlement description:
Final Tax Exempt Dividend of 7.5% in respect of the financial year ended 30 June 2008

From where you got this? How come i cannot find one?

-Ammended-
Got it, Quaterly 7.5%.
So total dividend + bonus share around 8%. Very good.


This post has been edited by rayloo: Oct 16 2008, 10:59 PM

Go to www.klse.com.my/

On the left side under Listed Company announcements, click on more, click BY COMPANY, click on Y, select YTL POWER.

Happy reading.

If you are using OSK, you can select the counter and click 'News', it will display the latest announcement.

Looks like their board proposal is accepted as usual. Nothing surprising here as they have announced this in their quarterly results. Maybe after this we can see more buy backs.

Usual share distribution is around Christmas, but looks like the coffers are not holding much at the moment. Maybe they can make it for Chinese New Year, that is if they want to.

Some news in the STAR today about future acquisition possibilities. Nothing new to us but they may excite new investors to come in, especially when at present people are feeling kind of lost and confused.

TNB CEO quite mad with IPP's, recommending to government not to renew contracts and look at alternate energy such as Nuclear etc.

YTLPOWR PAKA and Pasir Gudang agreements expire in 2015. Only seven years more, and 30% of revenue could get wiped off.

THANKS YA. as i always go to YTL power homepage to check on latest update.

No problem, we make a good team.

How about looking for other potential similar counter? I believe there are still some good one out there

The share distribution is done earlier for this year mate. No more share distribution after this. It was announced when the windfall tax was pressed against them.

This post has been edited by skiddtrader: Oct 17 2008, 09:31 AM

With the good , bad and ugly all falling, better to wait at the sidelines.

Some good counters look very attractive, such as YTLPOWR and WB, Resorts, Genting, some plantation stocks like HSPLANT and quite a few others.

But the problem at the moment is they continue to fall!!

A famous investor of the old era was once asked of his trading secret and he said " knowing when to keep my hands in my pocket".

At the moment that's what I am doing. Invested some but not too much, with 30%.

I can say ytl power has very strong support at current pricing. You can check the graph. Where as genting and resorts... they are not reaching their support yet... As i always say... buying at the price you feel comfortable with....Don follow the herd..

For some reasons I avoid Resorts & Genting (they might have nothing wrong financially, I didn't study them anyway).
HSPlant concentrate their plantation at Sabah if not mistaken (economical scale of operation), the balance sheet is ok but not rock solid and the track record is not long enough to see the trend. Dividend and cash flow so far ok, but share price goes down with CPO price. Vested.

HSPLANT is a pure plantation stock. CPO goes down they go down, CPO goes up they go up.

Pretty straight forward, no complications!!

At present with petroleum expected to fall further ( can only guess, no guarantee ), and CPO to follow suit, this counter can still go down further. If I am not mistaken HSPLANT IPO was at RM 2.80. There is a chance under present market conditions, it might go down to about $1.00 ( another guess ). If that happens, it can be a very good long term hold, as CPO bound to recover some lost ground in a year or two. Very good potential.

Besides HSPLANT, i am looking at IOI . It is closed at RM 3.02 TODAY
OT lol. Warrant B closed at 0.48 today.

This post has been edited by darkknight81: Oct 17 2008, 08:36 PM