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 Stock market V20, Bull mali mali..

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eltaria
post Feb 6 2009, 03:25 PM

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TA guys, what you think of today's results? if it manage to hold above 895, possible to break out of the near and mid mav of 900 dee tomorrow?

it'll be a positive sign, how long will the resulting break out run continues and what's the next resistance point?
eltaria
post Feb 6 2009, 03:51 PM

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monday, off day also, so any bad news come out today wont have so much impact from the dow on klci.. hehe

This post has been edited by eltaria: Feb 6 2009, 03:51 PM
eltaria
post Feb 6 2009, 04:56 PM

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I was on the LCL bandwagon too, but cut my loss dee, moved to lionind which is moving upwards now.. recovering my losses.

Looking at LCL's 5 years AR, noticed their operating cash flow is always negative, and more worrying is their AR is actually higher than their revenue!!

How can your AR be higher than your entire year's revenue?? Means u didn't collect anything for the entire year work you did, and then some from last year's work too??

They've been heavily financed by the banks... their interest alone is worth 10 million ++

This post has been edited by eltaria: Feb 6 2009, 04:56 PM


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eltaria
post Feb 6 2009, 05:08 PM

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Even if they use back the cash for investment, their cash from operations shouldn't be negative all the time right? while their cash from financing are always positive...

They're getting new loans all the time yet their cash from operations are -ve at the same time??

Is this something normal in this industry? Even I look at construction companies (which requires a lot of initial upfront investment) their cash flow also not like this
eltaria
post Feb 6 2009, 05:12 PM

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anyway, it's history for me dee... as my LCL is past tense jor

Just wanted to share share, if i'm wrong, maybe the sifu can teach me something.

smile.gif


eltaria
post Feb 6 2009, 05:35 PM

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QUOTE(ts1 @ Feb 6 2009, 05:29 PM)
dengar from my fren, didnt keluar salary recently  sad.gif
*
Serious? Ur fren work there?
That's a major trouble if it's true...

I do see a red flag with their cash flow from operations being constantly negative... wish i saw it earlier though cry.gif


eltaria
post Feb 10 2009, 09:14 AM

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any mmc captains still around? 1.5 now..

If I buy and hold, got a hefty 50% profit dee.. hehe.

Read that there's a few MMC buyers previously, all sold your shares during the last mmc rally (1.2x) dee?

This post has been edited by eltaria: Feb 10 2009, 09:15 AM
eltaria
post Feb 10 2009, 03:43 PM

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Sold my mmc, at 1.2x too.... ~20% profit

Saw MMC at 1.08 and LCL around 0.7
Decide to buy LCL.. faint, no eye see

Cut loss, buy lionind, going up now... open small eye see, see.

:S

eltaria
post Feb 10 2009, 03:58 PM

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In my watchlist too, bought some ram-wa to join the fun.

Others are in scomi and lionind which i'll be holding until +15%
No ammo dee... unless ram-wa red til end feb tongue.gif~


Added on February 10, 2009, 3:58 pmThere's some article saying with the privatization of ioiprop, sunway is a good target for privatization too... i guess they feeding off the news

This post has been edited by eltaria: Feb 10 2009, 03:58 PM
eltaria
post Feb 11 2009, 09:34 AM

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wow scomi chiong today~!
eltaria
post Feb 11 2009, 09:47 AM

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went up to 0.345 just now, a spike of huge buy orders in under 5 minutes. settling down already...
eltaria
post Feb 11 2009, 11:16 AM

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Losing 50% from 10k.

You'll need to gain 100% from 5k to break even.

Each loss makes it harder to gain back your money.

This post has been edited by eltaria: Feb 11 2009, 11:16 AM
eltaria
post Feb 11 2009, 01:56 PM

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QUOTE(kmarc @ Feb 11 2009, 01:36 PM)
Wah! How come you exit RESORT so fast? I'm planning to hold on to mine as it is a good counter (my ABP is 2.30).

You are still confident about ZELAN huh? One of these days, I might just get ZELAN again, just in case some interesting thing happens....  laugh.gif
*
I think if you did your homework right, and there's nothing big happening, all you need is to wait for the price to go down to your level to buy again.

Zelan at 0.8 below is a good buy, the reasons we bought it back then, is still valid now...
I'd go in if i have extra ammo smile.gif


eltaria
post Feb 12 2009, 10:56 PM

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QUOTE(chyaw @ Feb 12 2009, 05:41 PM)
I think tomorrow LCL will fly. Below is the announcement.

7177    LCL    LCL CORPORATION BHD 
DESIGN, SUPPLY & INSTALLATION FIT-OUT WORKS (TIARA UNITED TOWER) IN DUBAI 

DESIGN, SUPPLY & INSTALLATION FIT-OUT WORKS (TIARA UNITED TOWER) IN DUBAI ("THE
PROJECT")
Reference is made to the earlier announcement dated 9 January 2008 (Ref:
LC-080108-6011)whereby LCL Corporation Berhad ("LCL") via its Dubai based
company, LCL Interiors Contracting LLC ("LCLIC"),was awarded the contract of
design, supply and installation of interior Fit-out works for Tiara United
Tower, Dubai ("the Project") at a total contractual sum of AED156,000,000. LCLC
had received an advance payment of 25% amounted to AED39,000,000 and subsequent
payments were based on the monthly progress claims based on the certification
of work done.
LCLIC has on 7 February 2009 and subsequently on 10 February 2009, received
notification and further clarification from the Main Contractor, Arabtec
Construction (LLC) ("Arabtec") that the employer, Zabeel Investments ( the
owner of the Project) has decided to change the function, purpose and character
of the Project. This has resulted in change of work scope by Arabtec, thus
resulting in the omission of the complete interior-fit out works for the
Project undertaken by LCLIC.
In consequence of the above changes, LCLIC has been notified by Arabtec to
submit its final payment claim for costs,
expenses and all other incidental
entitlements in respect of the Project. Taking into consideration the potential
final payment settlement from Arabtec
, the above changes shall have no material
financial impact to the Group's earnings.
This announcement is dated 12 February 2009.
*
Actually, this is BAD NEWS...

What it means is that, previously on 9th Jan 2008, they were awarded the contract

However, on 10th Feb 2009 LCL were told that the project has been put on hold/cancelled/whatever and that LCL needs to submit its FINAL PAYMENT CLAIM FOR COSTS.

Depending on the stage of their work, they would need to make a claim for their costs... if the project is 50% completed, probably their claim will be 50% too?

Also note the 2nd bolded part. Taking into consideration the potential final payment settlement from Arabtec
Potential final payment... means they not even sure if they're gonna get paid... Got potential only..

This post has been edited by eltaria: Feb 12 2009, 10:59 PM
eltaria
post Feb 13 2009, 11:38 AM

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SCOMI cheong also today!! Huge buyer coming in picking 3k lots in one shot
eltaria
post Feb 13 2009, 12:05 PM

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SCOMI go!! 0.37 today? ^^

What's up?? 0.365 gobbled up in a sec..


This post has been edited by eltaria: Feb 13 2009, 12:06 PM
eltaria
post Feb 13 2009, 12:30 PM

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Now if only ram-wa cheung as well, that'll make my day smile.gif

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