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 Stock market V22, Small Fishes Gathering

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ABC2020
post Apr 6 2009, 10:16 PM

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QUOTE(SKY 1809 @ Apr 6 2009, 10:17 PM)
Well, if share price fell heavily and there is a margin call, Sub shareholders may force to sell out some shares and to pay back the banks on margin calls.

The director may take a loan or using his money to buy under his name.

Normally the transactions may appear twice , one under sub shareholder and the other as a director ( dual positions ) . So it looked like double " recording " for the same transaction.

Commonly when a company share is sold down like KNM.

That is why you might find some value after the sold downs.

Correct me if I am wrong.
*
any sifu here can give some comment.


Added on April 6, 2009, 10:19 pmthe transacted of the shares have been trade in open market or not?

This post has been edited by ABC2020: Apr 6 2009, 10:19 PM
ABC2020
post Apr 6 2009, 11:27 PM

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[quote=mememe12,Apr 7 2009, 12:02 AM]
yea.. recently sold genting.. but not yet receive statement.. few weeks ago..bought mulpha.. very sure is RM12.. u better ask ur remisier..

thank, about the imformation. actually most my trading is more than RM 28. the last contract date is 23/03/2009 which still charge me RM 28 with trading amount Rm 3200.

tomorrow really need to call.....


dow drop 120. oil also drop
ABC2020
post Apr 6 2009, 11:41 PM

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how much u can get every month? how is the trading platform and got any connection problem?
ABC2020
post Apr 6 2009, 11:49 PM

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QUOTE(mememe12 @ Apr 7 2009, 12:02 AM)
yea.. recently sold genting.. but not yet receive statement.. few weeks ago..bought mulpha.. very sure is RM12.. u better ask ur remisier..
if tmr really go down.. i think it is not time to sell.. but it is too late to sell d sad.gif
*
anyone know since when osk revise back the minimum brokerage from RM 28 back to RM 12?


Added on April 6, 2009, 11:55 pm
QUOTE(kmarc @ Apr 7 2009, 12:46 AM)
No much la.... depends on how much I trade per month (which is not much since I started trading Nov '08).... if I remember correctly, can be from RM2 to RM30....  sweat.gif Better than nothing right?  biggrin.gif (I've seen some forumers getting like RM100-200 per month!!! Must be huge trading volumes!)

M2U online banking not that good as it easily get congested. Sometimes even difficult to log in. However, nowadays, I find that it is easier to log in.... maybe they've improved their services.... What I usually do is to log in before trading starts.... that's the easiest time to get in.....
*
RM 30 also very much loh... M2U not my cup of tea. I heard Hon leong trading also has the same problem.

This post has been edited by ABC2020: Apr 6 2009, 11:55 PM
ABC2020
post Apr 6 2009, 11:59 PM

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me too.... if she dare lie to me... i also will sack her kuat kuat.... feel so mad now.




Added on April 7, 2009, 12:06 am Enjoy 30% discount brokerage with 2ET a/c

Why pay more if we can help you to save some brokerage fee by 30%? Our E-Trade (2ET) Account is a trading and interest bearing trading account.

Eligibility

Individuals above 18 years of age
Permanent Malaysia Residents

Features & Benefits
This account is a nominee account.
Daily rest Interest and will be credited into account on monthly basis.
Initial Deposit as low as RM 1,000.00.
You don't need an introducer to open an E-Trade (2ET) Account.
For withdrawal purpose, just complete the withdrawal form and submit to our branch. The cheque will be ready for collection in the next working day.
Each trading will require Cash Up Front before any purchase of shares.
Brokerage Fee
As an E-Trade (2ET) Account holder, you will enjoy lower rates for your brokerage fees.

Trades value Online Order Phone Order
Below or at RM 100k 30% discount from standard rates 0.70%
Above RM 100k 30% discount from standard rates 0.30%
Minimum brokerage RM 28.00 RM 40.00

How to apply?
All you need to do is just follow 3 simple steps below:

Step 1
Download the application form online which is available 24 hours a day & 7 days a week.

Form 1: Electronic Trading Application
Form 2: e-Trade Account (2ET) application form
Form 3: KIBB Trading Account form

Step 2
Please attach 2 copies of photocopy IC with RM 10.00 opening CDS account fee.

Step 3
Complete the application form and submit to our nearest KIBB branches.

Send me the form
Just drop us an email @ KenWealth@kenanga.com.my if you require us to send the physical application forms to you doorstep.

Contact us
For more information, please contact 1800 88 2274 during Monday – Friday (8.30am - 5.30pm)
Closed on Saturday, Sunday and Bursa Malaysia Public Holidays.


Added on April 7, 2009, 12:10 amhttp://money.cnn.com/2009/04/06/news/economy/loan_losses/index.htm?postversion=2009040611

Bank woes nowhere near over - analyst
Loan losses will exceed Great Depression levels, says Mike Mayo of Calyon Securities.

NEW YORK (CNNMoney.com) -- The amount in loans that banks will need to write off will exceed levels seen during the Great Depression, according to a bank analyst's report Monday.

The report helped send bank stocks and the overall market lower in early trading.

Mike Mayo of Calyon Securities gave the banking industry an "underweight" rating, citing "the ongoing consequences" of banks' increased risk-taking.

"The seven deadly sins of banking include greedy loan growth, gluttony of real estate, lust for high yields, sloth-like risk management, pride of low capital, envy of exotic fees, and anger of regulators," Mayo said in the report.

Suffering U.S. banks face a three-fold problem: higher structural risk, cyclical pressures, and "catch-22 government actions," Mayo said.

Structural risk comes from issues with assets other than mortgages - which have already punished banks' balance sheets - that are likely to accelerate and create a "rolling recession," in which asset classes fall one after another, Mayo said.

The cyclical pressures of mortgages and an acceleration in cards, consumer credit, construction, commercial real estate and industrial will cause the loan losses-to-loans ratio to increase to 3.5% by the end of 2010 from the current 2%.

Finally, government faces a difficult task in attempting to boost the financial sector, Mayo said.

"The government can go easy on the banks but, if so, (that) would leave many of the toxic assets on balance sheets," he said. But, he noted, overly tough actions will make banks scramble for capital.

"New government actions might not help as much as expected, especially given that loans have been marked down to only 98 cents on the dollar, on average," he said.


This post has been edited by ABC2020: Apr 7 2009, 12:10 AM
ABC2020
post Apr 7 2009, 09:28 AM

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really stupid... my remisier said Rm 12 only offer to very active trader. She thought i already get it. so mad mad!!!!!!


Wah! what happen tO MAYBANK????

ABC2020
post Apr 7 2009, 09:34 AM

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DARE TO SHOP????
ABC2020
post Apr 7 2009, 09:35 AM

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AXIATA WILL BE THE NEXT TO TUMBLE....


Added on April 7, 2009, 9:36 ammo meng should happy now..

This post has been edited by ABC2020: Apr 7 2009, 09:36 AM
ABC2020
post Apr 7 2009, 01:11 PM

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LOW said in 2009, LCL able to gain satisfactory profit.... the main problem is, if ci tumbling, all will sink together regardless how much the potetial dividend given.


Added on April 7, 2009, 1:14 pmwhy suddenly all taking about LCL?

This post has been edited by ABC2020: Apr 7 2009, 01:14 PM
ABC2020
post Apr 7 2009, 01:59 PM

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QUOTE(simplesmile @ Apr 7 2009, 01:45 PM)
Hahahaha. Painful la.. so many WTF-ing me.
Anyway, I didn't jump into LCL blindly. I've started to notice LCL about 1 week ago, after I bought Maybulk. At that time, LCL was already off its low. I was waiting for it to go down again after the UMNO elections. But it shot up instead.. until yesterday. So, if I don't buy now, maybe later the boat will leave without me. Sold my Maybulk to buy LCL.

Looking at their annual reports, they have been paying dividends of 10 sen (pre-tax, non tax-exempt) under the old tax structure. In 2008, maybe they won't pay dividends to conserve cash. If going forward, they continue to pay 10 sen (tax-exempt under the single tier structure), then it would be 18% dividend yield.

If I didn't plan to buy a property in these few months, I would have bought another 54,900 shares, making it a nice total 90,000 shares. Wah.. imagine every year RM9k dividend. Better than my bonus.
*
i would like to highlight about the 10 sen dividend pay by LCL. After the share split last year, i dont think LCL will maintain 10 sen dividend. 5 sen is more likely.



Report from OSK



Take Profit Downgrade
Price RM0.515
Vincent Lim Vi Ming
+60 (3) 9207 7663
lim.viming@osk.com.my
LCL Corp
Target RM0.480

Time to Reap the Rewards

Since we upgraded the stock to a Trading Buy from a Neutral (see our March 12, ’09 report “A breath of fresh air”), LCL has surged 56.1% on the recent market rally, outperforming the KLCI by 49.4% over a similar period. As we still do not see a shift in terms of LCL’s fundamentals, we downgrade the stock to a Take Profit call from
a Trading Buy as the stock price has exceeded our target price. We are retaining our TP, nonetheless.

Stock Profile/Statistics

Bloomberg Ticker LCL MK Equity
KLCI 907.01
Issued Share Capital (m) 143.13
Market Capitalisation (RMm) 73.71
52 week H | L Price (RM) 3.20 0.33
Average Volume (3m) ‘000 2918.19
YTD Returns (%) -0.20
Net gearing (x) 2.60
Altman Z-Score 2.23
ROCE/WACC 0.88
Beta (x) 1.85
Book Value/share (RM) 0.94

Major Shareholders (%)
Low Chin Meng 29.2
Eastern Advisors 6.1
Goldman Sachs 5.6

Share Performance (%)
Month Absolute Relative
1m 30.38 29.95
3m -33.12 -33.72
6m -67.20 -61.50
12m -80.72 -74.54


6-month Share Price Performance

0.20
0.70
1.20
1.70
Oct-08 Nov-08 Dec-08 Dec-08 Jan-09 Feb-09 Mar-09


Orderbook stable for the year. LCL’s outstanding order book currently stands at slightly
above RM500m, which is sufficient to sustain its operations this year. The bulk of its
projects consists of foreign projects (~90%), with a significant portion from Dubai (~70%).
Although there are risks related to projects in Dubai, given that LCL’s current orderbook
portfolio comprising infrastructure related projects and works which are nearing
completion or are fast-track in nature, we believe its orderbook is safe for now.

Conservative in forecasting new orders. We understand LCL is currently bidding for
other big-ticket IFO projects such as developments from Yas Island and the Green Line
Stations in Dubai, with a potential project value of approximately RM1bn and RM700m
respectively. Despite this, we are not imputing these projects as part of our orderbook
replenishment as Yas Island is mainly a tourism-related development for which we see
the risk of potential delays. As for the Green Line Stations, LCL is only bidding to secure
small portions of the project instead of the total RM700m. This we reckon is due to the
potential project downsizing initiatives as the emirate is currently experiencing difficult
economic conditions. (Recall LCL’s Singapore Marina Bay Sands project, which it
tendered for at RM150m but only received a portion worth RM100m when awarded).

Take Profit for now. We do not see LCL’s fundamentals gaining pace in the near term as
we assume its orderbook will remain as it is without any replenishment for the year.
Moreover, its recent net gearing stands at 2.6x and its debt collection days at 251 days.
We reckon a potential upside re-rating catalyst to only occur when LCL improves on these
figures. Thus, we maintain our TP for LCL at RM0.48, which is based on a 50% discount
to its FY08 NTA/per share. We also downgrade the stock to a Take Profit given that its
value has surged by 56.1% since our recommendation upgrade from a Neutral to a
Trading Buy.

This post has been edited by ABC2020: Apr 7 2009, 02:08 PM
ABC2020
post Apr 7 2009, 02:12 PM

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Osk call for taking profit. sometime OSK also insane. when call to buy, the price sink like hell. so better judge yourself.
ABC2020
post Apr 7 2009, 02:16 PM

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where is the feng sui chart????? junior 83, please post it at every page... so that easy for us to refer.
ABC2020
post Apr 7 2009, 02:33 PM

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volume too low leh! how to buy?
ABC2020
post Apr 7 2009, 02:39 PM

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maybank, today just start trading the right share. share already tumble. wonder what will happen next


Added on April 7, 2009, 2:41 pm
QUOTE(chyaw @ Apr 7 2009, 03:37 PM)
If you're interested then just buy lar. I made my last buy on Axreit at 1.34 few days ago. See, now move up to 1.37. As the Q1 div announcement is getting nearer, chances of going down is low unless got bad news on Axreit...
*
give up! if i buy, the price now will become 1.4

This post has been edited by ABC2020: Apr 7 2009, 02:41 PM
ABC2020
post Apr 7 2009, 02:47 PM

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good explanation
ABC2020
post Apr 7 2009, 09:36 PM

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09:15pm) Bkt Gantang: Official final results - Ousted Perak MB Nizar (PAS) wins with a 2,789 majority. PAS 21,860 votes vs BN 19,071 votes. Independent 62 votes.

(09:00pm) Bkt Selambau: Unofficial results indicate a victory for PKR candidate S. Manikumar.

(08:55pm) Bkt Selambau: Official results from 22 out of 64 streams - PKR 3,591 votes vs BN 2,765 votes. Independents 368 votes.


Added on April 7, 2009, 9:36 pm09:15pm) Bkt Gantang: Official final results - Ousted Perak MB Nizar (PAS) wins with a 2,789 majority. PAS 21,860 votes vs BN 19,071 votes. Independent 62 votes.

(09:00pm) Bkt Selambau: Unofficial results indicate a victory for PKR candidate S. Manikumar.

(08:55pm) Bkt Selambau: Official results from 22 out of 64 streams - PKR 3,591 votes vs BN 2,765 votes. Independents 368 votes.



This post has been edited by ABC2020: Apr 7 2009, 09:36 PM
ABC2020
post Apr 8 2009, 08:45 AM

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Listing Circulars (20090407LC00021)
Company Name LCTH CORPORATION BHD
Stock Code / Short Name 5092 / LCTH
Date & Time Announce 07/04/2009 4:01:00 PM
Subject LCTH - NOTICE OF BOOK CLOSURE

Content
LISTING'S CIRCULAR NO. L/Q : 52894 OF 2009
A final tax-exempt dividend of 0.75 sen per share.

Kindly be advised of the following :
1) The above Company's securities will be traded and quoted [ "Ex -Dividend"
]
as from : [ 29 April 2009 ]
2) The last date of lodgement : [ 4 May 2009 ]
3) Date Payable : [ 18 May 2009 ]
MANAGER, SEC. MARKET


Anyone know this counter. pay good dividend. I start to invest in this counter in August 2008(1000 lots with the price 0.19: RM 19104.5) So far already receive RM 1000 dividend. Plus the dividend just announce, total dividend i get is RM 1700. Not bad, 9% dividend.
ABC2020
post Apr 8 2009, 08:53 AM

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QUOTE(chyaw @ Apr 8 2009, 09:39 AM)
Anyone using M2U facing problem? Mine one keep saying connection with sever failed since yesterday.
*
better switch!!!!! connection problem really will affect ur mood to invest.
ABC2020
post Apr 8 2009, 09:04 AM

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Now is the right to buy?
ABC2020
post Apr 8 2009, 09:32 AM

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look at lcth, just mention this morning, already surge.

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