Bought TM at RM3.50, pending for it dividend & capital repayment.
9 comments:
Anonymous
said...
This morning, manage to buy more TM at 3.48. With this purchase, about 45% of my capital are in TM, is the biggest weighted stock in my current portfolio. Will continue overweight on TM and plan to increase stake to more than 50%, if share on weakness
I hope i've make sound decision making on TM. I think TM likely to announce its final dividend first, together with notice of AGM by end of this month and subsequently announce capital repayment by 27 April which is due date for TMI repay borrowing. Thus, TM safety of margin is relative high. As financial guru (Warren Buffett & George Soros) always say concentrating on investment if you believe thing is right.
As previously pointed out, both Maybank and TMI earning are going to dilute more than 30% and 50%, respectively. ROI of new capital from right issue does not generate positive income, there are just merely to recoup impairment form oversea venture and repay borrowing.
Both share of Maybank and TMI are holding relatively stable. Partly, i think is underwriting investment bank are trying to render support by circulate news to market that both share are worth of buying! and selling is overdone!
9 comments:
This morning, manage to buy more TM at 3.48. With this purchase, about 45% of my capital are in TM, is the biggest weighted stock in my current portfolio. Will continue overweight on TM and plan to increase stake to more than 50%, if share on weakness
50% of your capital !!
Going for a big kill....can rest a while if strike it right. haha
TMI Right Issue of 5:4 :-
Current Price = 2.34
RI Price = 1.12
Likely Ex-price = (1.12*5+2.34*4)/9
= 1.66
Giving Discount of = 32%
MAYBANK RI of 9:20 :-
Current Price = 4.34
RI Price = 2.74
Likely Ex-price = 3.84
Giving Discount of = 28%
If use MAYBANK as a benchmark, likely that TMI will drift lower to 2.1 to be at par, so better avoid touching TMI now.
I hope i've make sound decision making on TM. I think TM likely to announce its final dividend first, together with notice of AGM by end of this month and subsequently announce capital repayment by 27 April which is due date for TMI repay borrowing. Thus, TM safety of margin is relative high. As financial guru (Warren Buffett & George Soros) always say concentrating on investment if you believe thing is right.
As previously pointed out, both Maybank and TMI earning are going to dilute more than 30% and 50%, respectively. ROI of new capital from right issue does not generate positive income, there are just merely to recoup impairment form oversea venture and repay borrowing.
Both share of Maybank and TMI are holding relatively stable. Partly, i think is underwriting investment bank are trying to render support by circulate news to market that both share are worth of buying! and selling is overdone!
Bought more TM at 3.48, this stock has reach 50% of my total capital in portfolio!
With that, i only left with 15% capital available for investment.
Sold all remaining Resort at 2.05-2.06 to capitalize on is strong momentum.
Bought Yilai at 51sen
Yilai due for 4Q dividend.
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