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 Stock market V20, Bull mali mali..

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kmarc
post Feb 6 2009, 06:24 PM

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Wow! High chance of getting some post-CNY ang pow! Hopefully rally will continue next tuesday.

I'm also holding a small amount of LCL..... ABP is 0.62...... sad.gif
kmarc
post Feb 6 2009, 06:33 PM

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QUOTE(SKY 1809 @ Feb 6 2009, 06:29 PM)
I bought some today.

Their cashflow could be a problem, any inf from your end ?
*
Nope. Just those news in the media...... anybody knows when they will declare dividends?

This post has been edited by kmarc: Feb 6 2009, 06:33 PM
kmarc
post Feb 7 2009, 01:00 PM

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QUOTE(SKY 1809 @ Feb 7 2009, 10:02 AM)
I guess you are right. In additions :-

I compute based on latest unaudited reports of LCL as at 30/9/08 and the results as follows :-

Sales for 9 months = 349m , almost double of last year, could be good or bad in a declining ecoonmy.

Gross up the sales to 12 months = 465m ( estimated )

Amount due from customers for contract works 257m ( as per LCL financial reports from  Bursa )

The estimated credit period is 257/465 X365 = 6.7 months. This shows that there is improvement to their collection period. And 6 months in construction line is quite common in Malaysia even for Govt projects ( but their projects  are in Arab countries ). Not comparing apple to apple.

I also notice KNM's collection period is also close to 6 months ( I  Do not accuse that it is bad ).

But I have no further info i.e the  breakdowns of items appeared in Balance Sheet.

Receivables, deposits and prepayments 285m ( another piece of imp info )

And for projects financing for constructions, also quite diff from normal loans, bcos no one just issues more shares  to undertake a project. Under capital is also no good.

The point is to put LCL under the same roof or to link it to  Megan is grossly unfair to many forumers. Remember most forumers do not study the figures. You could be saying something unintentionally that could be  taken in wholesome as true.

Correct me if I am wrong.

Glad if more forumers could provide more facts and figures , rather than  based on his or her  mere accusations especially if  one is involved in giving advices on the trading of shares.

http://www.klse.com.my/website/bm/listed_c.../historical.jsp
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Thx for the analysis. Makes my holding of LCL less fearful (of company going under).

Your statement about "forumers not studying the figures" is quite true, at least, for me as I don't know how to interpret a company's balance sheet. However, in these times of uncertainty, I think the phrase still holds true - "Mana mana share boleh beli for gorenging" laugh.gif

QUOTE(viper88 @ Feb 7 2009, 11:24 AM)
For those who bought and plan to buy Zelan, here's latest research report from Jupiter.  icon_idea.gif
The research paper date is 6 Feb 2009 not 6 Feb 2008.  tongue.gif

[attachmentid=792866]

Jupiter oso call to buy Lionind yesterday at 0.63 i que at 0.64 but it already chiong up.. shakehead.gif

Too bad next week Mon is PH, KLSE oso close... if US next week Mon oso up den our KLSE maybe can perform better oso.
*
ZELAN is so stubborn, just doesn't want to go near my Q price. Looks like it will be too late next week when the market will supposedly rally further....

I bought some LIONIND at 0.665 last week..... for gorenging..... biggrin.gif

This post has been edited by kmarc: Feb 7 2009, 01:01 PM
kmarc
post Feb 10 2009, 12:39 PM

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QUOTE(Ginger's Father @ Feb 10 2009, 11:32 AM)
hello everyone, i am a new guy here, wish to learn from all of u.  smile.gif
*
Welcome to the forum where money is banana (or is it the other way round?), bull is our friend and forumers like to cha kuey tiaw a lot! laugh.gif

Wow! SIME is also growing some mini bananas too! rclxms.gif So is some of my goreng counters! rclxm9.gif

One of my goreng counters : http://www.themalaysianinsider.com/index.p...mumbai-monorail

This post has been edited by kmarc: Feb 10 2009, 01:03 PM
kmarc
post Feb 10 2009, 03:00 PM

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QUOTE(cherroy @ Feb 10 2009, 02:39 PM)
I wonder whether Genting result will be ugly or not. With GBP plunged like no tomorrow, don't know how it (its investment in UK/casinos) will impact the Genting financial result, may be this is the reason why it can't move recently.

*
There's an article on Genting's UK operation in "The Edge Magazine (Feb 9 - Feb 15)". Doesn't look good for Genting International Ltd at the moment, in which Genting Bhd owns a 54.4% stake in GIL...... however, they do conclude in the end that its UK operation could be "an ace up GIL's sleeve" when global economy starts to recover.....

This post has been edited by kmarc: Feb 10 2009, 03:01 PM
kmarc
post Feb 10 2009, 03:20 PM

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QUOTE(mememe12 @ Feb 10 2009, 03:04 PM)
means the price will not goes up until economy recover?
*
Probably... maybe.... but as you know, in the stock market, anything can happen.... wink.gif

Queuing to let go my beloved SIME..... biggrin.gif
kmarc
post Feb 10 2009, 03:27 PM

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QUOTE(cherroy @ Feb 10 2009, 03:11 PM)
There (UK) got plenty of casinos and gambling channel (football, sport whatever), situation is not like in Malaysia.

Also, gambling culture is indifferent from Asian, Asian people are more addicted to gambling compared to there.
So casinos at there might not that profitable, but in Malaysia and Asian countries, casino business is matter how much they can make only.  tongue.gif
*
Just to put in perspective for other forumers, Genting group became the biggest casino operator in UK with 5 casinos in London and 41 provincial casinos after it had paid S$1.6 billion to take over Stanley Leisure (The acquisition of Stanley Leisure in 2006 was said to be ill-timed). However, the group does not have the monopoly in UK, where there are some 140 casinos scattered around the cities and towns..... tomato sauce : The Edge Magazine....
kmarc
post Feb 10 2009, 03:32 PM

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Yeah! Look at KINSTEL! thumbup.gif rclxms.gif
kmarc
post Feb 10 2009, 06:36 PM

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Haizzz... didn't manage to unload my SIME..... try again tomolo.... smile.gif
kmarc
post Feb 10 2009, 11:11 PM

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Eh?!!?? My SIME all matched at 8:42pm just now!!! rclxub.gif rclxub.gif

I thought we can only trade during daytime? Can still do off-market trading????? hmm.gif

Was going to Q to sell at a higher price tomorrow when I suddenly noticed it.... sweat.gif vmad.gif

This post has been edited by kmarc: Feb 10 2009, 11:13 PM
kmarc
post Feb 11 2009, 07:01 AM

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QUOTE(lsmpro80 @ Feb 10 2009, 11:39 PM)
Seriously ? are you sure ?
blink.gif .. it actually does happen ?
  shocking.gif  how could that be possible kmarc?
what is happening ? are they extending the period of trading to include late night trading toooo /
*
It could be off-market trading but I'm not sure. I thought the order usually expire at 5.00 pm..... rclxub.gif

QUOTE(dreams_achiever @ Feb 10 2009, 11:45 PM)
Is it testing going on in your platform?
I saw last trading transaction was on 4:59:27pm in RHBInvest for SIME.
I dun think it is really matched. You go look your portfolio, is it SIME still available?  hmm.gif
*
I checked again just now. It's true. The transaction was done at 8:42pm.... my portfolio also shows it...... sweat.gif
kmarc
post Feb 11 2009, 09:44 AM

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QUOTE(lklatmy @ Feb 11 2009, 09:09 AM)
Sei loh,then we all have to work until late night liao cry.gif  cry.gif (jking jking)

It is definitely not possible,trading stops at 5 pm.Double check with your broker,could be a software or system problem confine to them.
*
Will speak to my remisier today. Now busy....

QUOTE(mo_meng @ Feb 11 2009, 09:34 AM)
haa done at 8pm .. wow trading platform u using
*
Maybank.... smile.gif

QUOTE(eltaria @ Feb 11 2009, 09:34 AM)
wow scomi chiong today~!
*
What happen? I can't check the stocks from here.... cry.gif
kmarc
post Feb 11 2009, 10:37 AM

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Called my remisier just now. It was a system update problem. The transaction was done at 4.24pm but the system only update my transaction at 8:42pm...... phew! For a moment there, gave me a scare..... sweat.gif
kmarc
post Feb 11 2009, 10:44 AM

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QUOTE(panasonic88 @ Feb 11 2009, 10:39 AM)
so your sime, sold jor at 4.24pm?
*
Yes, confirmed. Lucky for me (as I sold it at 5.80).... smile.gif

This post has been edited by kmarc: Feb 11 2009, 10:46 AM
kmarc
post Feb 11 2009, 10:54 AM

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QUOTE(mememe12 @ Feb 11 2009, 10:49 AM)
fuyoo.. luckily u didn't wait until today only start to Q
*
Yeah, but I was actually expecting SIME to go up again today..... anyway, already sold so I'm not going to think about it anymore....

Still a lot of counters to sell off.... my LCL going down the drain.... sweat.gif
kmarc
post Feb 11 2009, 10:59 AM

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QUOTE(AdamG1981 @ Feb 11 2009, 10:58 AM)
Yup, money is money. As long as the money is in the pocket, it's good enough.
*
Guess so... some realized profit.... but lots of unrealized paper loss..... cry.gif hope LCL can post some good news soon....
kmarc
post Feb 11 2009, 11:08 AM

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QUOTE(AdamG1981 @ Feb 11 2009, 11:02 AM)
Sometimes its best to cut loss so you can free up capital and buy something else that might able to earn back your profits.
*
I know..... hanging on to a counter hoping that it will recover might not be a good idea...... I think I'm too noob in stocks to cut my losses..... haven't cut any losses as yet as I'm not willing to let go.......

Anyway, I'm not holding much of LCL @ 0.62 ABP so I think I'll keep it for long term investment...... might be thinking of averaging down further if it hits 0.40......


kmarc
post Feb 11 2009, 11:13 AM

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Wei, don't make me sad la..... the company is not that bad ma, even with high gearing and all laugh.gif

Back to stock market! Anything interesting ka? smile.gif
kmarc
post Feb 11 2009, 11:20 AM

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QUOTE(jasontoh @ Feb 11 2009, 11:15 AM)
You need to ask yourself....the counter u bought for speculative or for long term prospect?
YTLPOWER...... thumbup.gif  thumbup.gif
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All my stocks was initially for long-term investment. Then came the news that the market might create a new bottom in Q1/Q2 '09. So I change my strategy to "gorenging". Wanted to unload most of my stocks in Q1 when there is a rally but backfired as the rally was too short.

As of now, I'm trying to unload any stocks that I can if the prices goes above the ABP. If not, then it becomes long-term investment counter.... smile.gif
kmarc
post Feb 11 2009, 11:28 AM

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QUOTE(jasontoh @ Feb 11 2009, 11:21 AM)
Then you buy too late. By the time news out, the price usually go up already. You will be the victim by those speculators
*
No la, I only entered the market in Nov 2008 so it was not that bad for me....... smile.gif

Realized profit about 5% but unrealized paper loss about 10-15%......

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