I believe TMI's right issue is at attractive price of RM 1.12 .

I believe in the long run, TMI should fetch above RM 2 ex right , with Celcom as prized asset. Oversea operations should do better in time to come.

Just my 2sen opinion. Not suggesting anyone to buy.

This post has been edited by SKY 1809: Mar 27 2009, 02:38 PM

Maybank looks like it is "cornered" , the bulk of shares being held by PNB and related parties.

Will the same to TMI ? ex right price may be interesting !

Sell when the profit is comfortable to you

Just my 2sen.

This post has been edited by SKY 1809: Apr 1 2009, 11:31 AM

The set backs to steel ind are :-

1) High Gearings
2) High stock levels, write off the costs could be huge, hundred of millions.
3) Cashflow management is imp due to high gearing .

Just my 2sen.

This post has been edited by SKY 1809: Apr 1 2009, 12:08 PM

One sad fact about any analysis given out by brokers.

Very few analysts are well versed with cashflow management analysis which is very relevant in today world.

E.g Lion Ind's stock level of RM 1.8 b is a problem. Gearing could be on a very high side ( not given ).

Ann Joo is holding 10 months stock on average, a cashflow setback ?

How big is the warehouse is another cost factor. Japanese does not believe in building big warehouses. They practise JUST IN TIME management.



So a buy recommendation could change to a sell in a very short time.

Correct me if I am wrong.

This post has been edited by SKY 1809: Apr 1 2009, 01:01 PM

Ya, it works well for the time being.

You would outperform W Buffet for the moment , for sure.

Najib's factor ?

Might be some modifications of NEP on the way.

Ya , 5000 TMI , TWS Corp and KNM.

Waiting to offload.

About TMI

my broker is setting an ex right price of RM 2.50 ( longer term ).

Sounds crazy right , but by looking at Maybank, ex right is higher than cum right of rm3.70 at one point of time.

Not suggesting anyone to buy.

This post has been edited by SKY 1809: Apr 1 2009, 08:20 PM


Attached File(s)
 TMI_090324_CU.pdf ( 44.87k ) Number of downloads: 17

Asking for permission to sell ?

You are the decision maker !

Waw, super bullish here .

Better than Bursa.

He is from the kia-su Land.

We are from the Boleh Land.

No one is right or wrong.

Waw, RM 1.12 could be " second hand " price under Garage Sale Section

If you can spot some, let me know.

EX right should be above Rm 1.70.

About TMI

If you are new, then you have to to be alert if you hold TMI share through bank nominee account

There would be trading of right option probably at 50 to 70sen , depending on the market force. You could sell the "right" out right on 7 tradings days period , even before you receive the right form.

If not you have to buy TMI right issue at RM 1.12 within a very limited period, otherwise you lose your pant out.

Sorry to point out but just in case a few may not be aware.

If you hold 1000 lots, quite lot of money to spare.

This post has been edited by SKY 1809: Apr 2 2009, 09:03 PM

Rough estimate is last day price before ex + 1.12 /2 = ( to keep it simple )

Let say it is RM 2.50+ 1.12 /2 = RM 1.81

Actual is based on share dilution 5 for 4 weightage.

I learned more than 10 years ago, rusting.

Correct me if I am wrong.

It may not be so bcos of the more shares in circulation , and some want to get back their money by dumping the shares.

Some may want to sell the mother share after ex, to buy rights.

Maybank and TMI could be exceptional.

This post has been edited by SKY 1809: Apr 2 2009, 09:28 PM

Finally they change the laws to suit US ( MAJOR POWER )
---------------------------------------------

FASB Eases Fair-Value Rules Amid Lawmaker Pressure (Update1)
Share | Email | Print | A A A

By Ian Katz

April 2 (Bloomberg) -- The Financial Accounting Standards Board, pressured by U.S. lawmakers and financial companies, voted to relax fair-value rules that Citigroup Inc. and Wells Fargo & Co. say don’t work when markets are inactive.

The changes approved today to fair-value, also known as mark-to-market, allow companies to use “significant” judgment in valuing assets to reduce writedowns on certain investments, including mortgage-backed securities. Accounting analysts say the measure, which can be applied to first-quarter results, may boost banks’ net income by 20 percent or more. FASB approved the changes during a meeting in Norwalk, Connecticut.

House Financial Services Committee members pressed FASB Chairman Robert Herz at a March 12 hearing to revise fair-value, which requires banks to mark assets each quarter to reflect market prices, saying the rule unfairly punished financial companies. FASB’s proposals, made four days later, spurred criticism from investor advocates and accounting-industry groups, which say fair-value forces companies to disclose their true financial health.

Blackstone Group LP Chairman Stephen Schwarzman, the American Bankers Association and 65 lawmakers in the House of Representatives urged that fair-value accounting, mandated by FASB, be suspended last September. William Isaac, chairman of the Federal Deposit Insurance Corp. from 1981 to 1985, has called fair value “extremely and needlessly destructive” and “a major cause” of the credit crisis. Robert Rubin, the former Citigroup Inc. senior counselor and Treasury secretary, said Jan. 27 the rule has done “a great deal of damage.”

‘Essential’ Transparency

Fair-value “provides the kind of transparency essential to restoring public confidence in U.S. markets,” former Securities and Exchange Commission Chairman Arthur Levitt said in an interview yesterday.

Levitt is co-chairman, along with former SEC head William Donaldson, of the Investors’ Working Group, a non-partisan panel formed to recommend improvements to regulation of U.S. financial markets. Other members of the group, which met in New York yesterday, include Brooksley Born, former chairman of the Commodity Futures Trading Commission, and Bill Miller, chief investment officer of Legg Mason Capital Management Inc.

“The group is deeply concerned about the apparent FASB succumbing to political pressures, which prevent U.S. investors from understanding the true obligations of U.S. financial institutions,” Levitt said. Levitt is a senior adviser at buyout firm Carlyle Group and a board member at Bloomberg LP, the parent of Bloomberg News.

Fire-Sale Prices

Fair-value requires companies to set values on most securities each quarter based on market prices. Wells Fargo and other banks argue the rule doesn’t make sense when trading has dried up because it forces companies to write down assets to fire-sale prices.

By letting banks use internal models instead of market prices and allowing them to take into account the cash flow of securities, FASB’s changes could raise bank industry earnings by 20 percent, according to Robert Willens, a former managing director at Lehman Brothers Holdings Inc. who runs his own tax and accounting advisory firm in New York.

Companies weighed down by mortgage-backed securities, such as New York-based Citigroup, could cut their losses by 50 percent to 70 percent, said Richard Dietrich, an accounting professor at Ohio State University in Columbus.

This post has been edited by SKY 1809: Apr 2 2009, 10:03 PM

Well, the West is re writing laws to make their share markets boom.

US did that during the Great Depression by taking away the " CHINA WALLS ", in short to take away laws to make it a free economy, very less regulations unlike Asia.

Today's problems are partly of that. AIG and Citigroup and many others turned into Monsters, do whatever they like.

Hope there would not a bigger crisis let say in 10 years time.

Who really cares ? So long everyone can make money now.

Holding shares for super long term may face some side effects.

This post has been edited by SKY 1809: Apr 2 2009, 11:39 PM

Mulpha is making a coming back after recent sell offs.

managed to buy some at 29.50sen.

Not suggesting anyone to buy.

Sold off TMI at rm2.50 yesterday.

This post has been edited by SKY 1809: Apr 3 2009, 12:21 PM

Celcom is doing fine on 3G broadband that finally spreads across Asia. Demands exceeds supply.

Good stock to keep for retirement ( not too soon ).

This post has been edited by SKY 1809: Apr 3 2009, 12:40 PM