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 Stock market V23, New PM in the house

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lklatmy
post Apr 9 2009, 03:26 PM

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New cabinet out ady,change soup but not the medicine.
lklatmy
post Apr 11 2009, 11:50 PM

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QUOTE(simplesmile @ Apr 11 2009, 01:15 AM)
In the screenshot below, can anyone explain to me what is "Upper Limit Price" and "Lower Limit Price"?
Is this the price that will trigger suspension of the counter? Thank you.
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That's the limit up/limit down price.

Trading of the counter will continue but matching will be difficult,because there will be no seller/buyer to trade with you.

lklatmy
post Apr 14 2009, 03:30 PM

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Anyone having Jobstreet shares,call your Remisier now to sell to buying in at 1.23 , can buy back from open mkt,last price is 1.15.

Minimum must be around 2,000 units to make money

No more liao,all done

This post has been edited by lklatmy: Apr 14 2009, 03:31 PM
lklatmy
post Apr 14 2009, 03:34 PM

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QUOTE(chyaw @ Apr 14 2009, 03:32 PM)
Err... what happen to jobstreet??? Any info?
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Somebody oversold two days ago.Today is buying in day.
lklatmy
post Apr 14 2009, 04:03 PM

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Here's my explaination on "Buy In"

http://lklatmy.blogspot.com/search/label/Buying%20In
lklatmy
post Apr 15 2009, 12:20 AM

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The reference price tomorrow for Axiata will be 1.77,viz today's closing price.

The reference price tomorrow for Axiata OR will be 1.77 less 1.12,viz 65 sen.

But I believe both will be trading at a lower price due to selling pressure on the first day listing of the OR.
lklatmy
post Apr 15 2009, 12:49 AM

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QUOTE(mememe12 @ Apr 15 2009, 12:44 AM)
that means i MUST buy axiata-OR right? if not then is 100% loss right?

but then about the 5:4 ratio.. means that if i hv 1000shares.. how many OR can i buy?
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If your buying price of Axiata is 1.83,then that's the ex-rights issue price.If Axiata trades at say 1.53 tomorrow,then your paper loss is 30 sen per share.

You won't get any OR since you bought ex-RI.

lklatmy
post Apr 16 2009, 10:27 AM

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Ai yah,call Remisier lah,ok one.mkt bull run but most Remisier phones not hot at all.Very weird.Who is trading?????
lklatmy
post Apr 16 2009, 10:35 AM

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QUOTE(panasonic88 @ Apr 16 2009, 10:31 AM)
how come? who is trading?? online trading perhaps?
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I don't have the breakdown of online and phone trades.But I believe a lot of trades are from day traders aka Remisiers biggrin.gif biggrin.gif
lklatmy
post Apr 16 2009, 10:52 AM

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I thing Remisiers mostly doing day trading to make fast money like forumers here,not out to lure ikan bilis since it's more lucrative now to trade than to earn commissions.

Me?,haha,selling all the way since one week ago,not a single buying.(don't take my words,my favorite destination is Netherland)
lklatmy
post Apr 16 2009, 11:05 AM

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QUOTE(SKY 1809 @ Apr 16 2009, 10:56 AM)
I believe some small cap, with  paid up about rm 100 still have potentials for medium term. hmm.gif

Still earning profits.
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Yes ,I agree.but must be backed by good fundamentals.

BTW,what I sold are mostly dead woods bought sometime back and are mostly losing money,just seize the opportunity to get out. biggrin.gif biggrin.gif
lklatmy
post Apr 16 2009, 11:11 AM

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QUOTE(cherroy @ Apr 16 2009, 10:55 AM)
Then after finish shark fins, ikan bilis is the next course on the meal menu.  biggrin.gif
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Suggested menu:

Ikan bilis fried with tauchu and green cili.........YUMMYYYYYYYYYYYYYYY. rclxm9.gif rclxm9.gif
lklatmy
post Apr 16 2009, 11:49 AM

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QUOTE(panasonic88 @ Apr 16 2009, 11:34 AM)
red red anchovies, i like  drool.gif

user posted image
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Come Village park restaurant in DU(uptown area)then,famous leh drool.gif

Sorry,OT liao.
lklatmy
post Apr 16 2009, 04:57 PM

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Index up 4.6 pts.last minute monkey business again,haha.

Petdag push up by 40 sen
lklatmy
post Apr 17 2009, 11:35 AM

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QUOTE(SKY 1809 @ Apr 17 2009, 10:58 AM)
Capital gain is not taxable, but any trading on day to day is considered a form of business. Rightly taxable.

So far, they close both eyes on this, otherwise mkt collapses.
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Agree.No person will report their gains,even Remisiers who are most likely to be caught under the "trading on day to day is considered a form of business. Rightly taxable."'provisions don't report their gains. laugh.gif

If they tax you on gains,they will also have to allow you to deduct trading losses.Then LHDN will eventually lose out at the end of the day. wink.gif


lklatmy
post Apr 17 2009, 12:25 PM

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QUOTE(SKY 1809 @ Apr 17 2009, 11:39 AM)
No you are wrong.

You cannot use the trading loss to set off other incomes ( commissions ) . And they do not pay you cash.

Only for future gains set off . biggrin.gif
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What I meant is that since most people lost money in trading,LHDN will not gain at the end of the day if they assess your trading gain as business income. biggrin.gif

lklatmy
post Apr 17 2009, 02:01 PM

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QUOTE(SKY 1809 @ Apr 17 2009, 12:28 PM)
Income tax will not pay you back CASH refund for losses.

You could accumulate losses in income tax to collect bonus link points if you want.  hmm.gif

There are many types of business incomes like rental income. Each under diff section, cannot be used to set off one another ( like trading of shares )

Sorry sounds a bit harsh. notworthy.gif

For example - trading loss 100,000 tax loss carry forward.

Comm Income  rm 100,000 - pay tax on this amt first.
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Haha,don't know why we always seem to be on a different wave length biggrin.gif

I know what you mean and agree with your views, notworthy.gif but I was looking at the subject matter from a macro basis.and from the LHDN point of view.ie is it worth while to tax trading gains?

If you are the DG at LHDN,knowing jolly well that most people will lose money trading in shares,so overall there will be more taxpayers claiming for losses (OG files,not SG files)than being taxed on gains ,at the end,there will be less tax collected.In this situation,it may not be beneficial to insist on taxing trading gains as business profit then.

Maybe that's why LHDN has been quite lax on this.

And finally,I believe all Remisiers and FBRs are OG cases.

No offence.Sky, cheers.gif cheers.gif
lklatmy
post Apr 17 2009, 04:39 PM

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Some updates on BRK.b ZSCW:

Subscription closed and all the 100 million units have been taken up.

This BRK.b ZSCW is of 5 years and will expire on 16/4/2014.

Listing will be on 22/4/09.

Exercise Ratio is 11,248.29 to 1,


BRK.b closing price at price determination date USD3,072 per unit *


FX rate at price determination date 1 USD =3.6290 *


(The price of this ZSCW when listed will be determined by the two variables marked *)


Just sharing some facts,judge your own please.
lklatmy
post Apr 22 2009, 09:03 AM

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There's still quite a lot of Axiata OR buying in not matched yet,

Forumers who is still holding and have no intention to subscribe to the mother share can ask your Remisier to sell to the buy in board at 0.74.

But you won't be able to buy back ady because trading ady ceased.

Whatever decision is entirely yours.
lklatmy
post Apr 22 2009, 09:34 AM

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QUOTE(chyaw @ Apr 22 2009, 09:16 AM)
Hi lklatmy,
I saw the BRKB-C1. It doesn't seems attractive ler. Since the gearing is near to 1 and Berkshire hathaway -B is not really went down a lot (as compared to Berkshire hathaway -A).
Did I miss out anything or over look something. I was very interested in this warrant until I saw the profile yesterday... I hope I misunderstand the warrant profile...
*
There are a few negative factors to take note:

1.BRK.b closing price yesterday is only usd 2900 as compared to usd 3072 on price fixing date,

2.most ZSCW trades at a discount to it's intrincit value due to the European style conversion vis a vis the American style one.

3.liquidity is always a big concern.

I would advise to watch for a few more days first to see the liquidity and the movement of the underlying shares.

(I hope no one from my firm sees this,else they will say I 食碗面,反碗底 tongue.gif

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