Wednesday, February 29, 2012

UOA Starts Acquiring Back It Own Shares

1. UOADEV is acquiring back it own shares, as depicted in above screen but only on a small scale, maybe because they already owned bulk of it own share.

2. As at now EPF owning about 5.06% and UOA Holdings owns about 67.1%. This two total up about 72.16%. Any other big cornerstone that holding UOADEV ? I wonder is PNB holding any ? Let's assume that others hold another 7.84%, that will make up 80% of total share issued. Which mean open market only floating 20% of total share issued. Share Issued = 1,195,860,000. Thus, 20% of total share issued will be 1195860000 * 20% = 239,172,000. This figure is about the size of CARLSBG, maybe smaller. For them to push up, guess should be quite an easy task. Nevertheless, this is just a guessing job, :p ha ha Not up to us to judge. We can only hope.

3. Today's KLCI volume break 300millions but this kind of unusual high volume will normally last only 1 day to 2 days. Which mean we will be back to normal tomorrow (about 150m) ? I am not sure whether we don't have the capacity to sustain this kind of huge volume on a longer term or probably this is just a sudden buy up from the big boys. In actual fact without foreign fund, our market just can't stomach a sustainability huge volume > 300m in a row for months. Which mean our market is still very much retail driven. This spike up is only once in the blue moon ? If huge volume continue to sustain, our KLCI will have high chance challenging 1600 and breaking record !!!

4. Good Luck all & GAMBATEH KLCI !!!!

Monday, February 27, 2012

Scalp Trades Dated 27/2/2012

1. Scalp traded the following today :-

2. Sold UOADEV-CB at 0.12sen and bought them back at 0.115sen and 0.11sen respectively.

3. UOADEV have a lot of selling forces ? Not sure where are they coming from. Does not seem to come from the big guy else it would have reported in the announcement. I wonder who they are ? Just hope that the price will slowly creeping up.

Saturday, February 25, 2012


1. Bought in UOADEV-CB at 0.115sen and sold it at 0.125sen. Among all the CWs for UOADEV, CB is the cheapest of all. First rule of thumb when buying CWs, the premium must be reasonably low, couple with the momentum from the mother share, then CWs will normally follow suit but i have given up hope on exercising CWs as i noticed MM is on control on this, they can simply manipulate the mother share price to make less payment to CWs holders. This kind of move is unfair to CWs holders. Many cases have happened, the most obvious one was on KNM last year. Most issued CWs are calculated base on closing price not the average volume weighted closing price. That is the sad part.

2. As Teng mentioned that EPS for UOADEV on 4Q is only contributed 3sen but the company taken a step to give out 10sen dividend is a good move though it is pending AGM but normally this kind of proposal will get approve, this in turn strenghten the share price movement. On the case of revaluation of property will thus bring up the NAV, also another plus point here.

3. On Friday, i reenter UOADEV-CB at 0.115sen after selling all at 0.125sen as mentioned above. I do hope UOADEV can sustain share price at current level. Judging the price movement it seem selling force is still there and this kind of situation will last till next week Tuesday. I just hope it will start moving after that. :)

4. Good Luck All.

Monday, February 20, 2012

Bought In Keladi Maju Bhd

1. Bought Keladi at 0.195sen today.

2. Expecting dividend of 1.5sen next month. This would represent a 7.5% Dividend yield per year. :)

3. Consider a steady stock but will only intend to keep it for very short term. I expect the coming result would be more or less the same as last year with slightly improve of profit. Overall EPS should stood at 2.2sen or so.

4. Good Luck all.

Thursday, February 16, 2012

Top Up More UOADEV ?

1. Sold all my MUDAJAYA at RM2.89. :) Expect result out soon, could spur further upside ?

2. Bought in more UOADEV at RM1.45. Price keep pressing down with announcement on result drawing nearer. Something unusual ? Since can't do much, just wait for the result & hope it is a good one. My gut feeling it will be within expectation. Nothing way off from the forecast. The first maiden dividend should be declared and it will be around 6sen i think. They got to give at least something back to shareholders since EPF is one of the cornerstone during IPO else many will be dissappointed and cursing. Tomorrow will buy in more if happen to dip further. There is nothing exceptionally wrong with this counter except the low 0.05 par value of this counter. Earning seem perfectly normal and healthy BS. We have only one asset left on this counter, which is come free for everyone, that is TIME. We shall wait and see.

3. Good luck & may the best price be yours. :)

Wednesday, February 15, 2012

UOADEV - Ripe Time For Dividend ?

1. Sold some RCECAP today. Thanks to the proposed Bonus Issue and Right Issue announcement. Further rise should be expected in near future.

2. I think it is ripe time for UOADEV to declare dividend for this coming quarter result. As mentioned in my earlier post, i expect it to declare ranging from 6sen to 8sen, judging the 30% payout policy. With that, there should be some cushion buying at current price at RM1.47. Though UOADEV is not an attractive stock as claim by many but at current level, we should find this counter at the safe zone. We can opt to trade range bound or aim for longterm up surge strategy. Either method should be fine at the moment. Just imaging she has been dropping right from the height of RM2.60 to current level. Furthermore dividend declaration should be around the corner. I am aiming to buy more starting from tomorrow. Anything below RM1.50 should be a good entry level. Buying in big wave should be of no issue i think as the down side risk should be quite minimum at this juncture. To be honest, this counter is my biggest holdings now. All the best and keep my finger cross.

3. Just noticed ARREIT declared a 1.8822sen income distribution. :) Not bad.

4. Good luck all.

Tuesday, February 14, 2012

RCECAP Multiple Proposals

- Proposed Bonus Issue 1:2
- Proposed Rights Issue 2:5
- Proposed Exemption
- Proposed Increase In Authorised Share Capital
- Proposed Amendments I
- Proposed Amendments II

2. Proposed Bonus Issue - 1 Bonus Share for every 2 existing shares held.

A. Share Issued = 782,395,174
B. Bonus Shares = 391,197,587 (Bonus Shares will be issued)
A. + B. = 1,173,592,761

3. Proposed Rights Issue - 2 right shares for every 5 shares held after the above proposed bonus issue. Total 479,198,444 of rights.

RCECAP shares will be enlarged as follows :-

A. Share Issued = 1,173,592,761
B. Rights Shares = 479,198,444

A + B = 1,652,791,205

4. Share Issued will be enlarged to 2.11 times, almost half the size of PBBANK. Really large and turning to big boy eventually ? Not at all, with only RM100millions profit, it is still chicken feet compare to super big boy like PBBANK. Nevertheless, with above proposals RCECAP at least creating some big show here.

4. Good Luck all.

Monday, February 13, 2012

Still In Search Of New Car

1. So far I have not committed to any new car as yet. Still sourcing one.

2. Heard there are few new cars launching in the coming month. Honda Civic, Toyota Prius C & Hyundai Elantra.

3. Among all the car mentioned above, Hyundai Elantra looks appealing and elegance. :)

Saturday, February 11, 2012

Scalp Trades Dated 10/2/2012

1. Scalp traded the following today :-

2. I do hope next week market can continue to surge higher. Good luck all. !

Thursday, February 9, 2012

Scalp Trades Dated 9/2/2012

1. Scalp traded the following today :-

2. Sold my Pavreit, contra play on Dialog-CC and bought in MudaJaya.

3. Did not expect Pavreit to continue gain upside, was thinking about the low dividend declared would some how affect the share price. Hope for a better dividend next round. :)

4. Bought in MudaJaya. Bet on its large scale projects.

5. GE is around the corner, GLC stocks like MRCB should spur some interest here. It is okay to buy in now at current price RM2.19. 5% to 10% profit should be of no issue. Buy at your own risk. For me i might lock in some tomorrow. Till then happy trading.

Wednesday, February 8, 2012

Scalp Trades Dated 8/2/2012

1. Scalp traded the following today :-

2. PAVREIT just declared a 0.44sen dividend. EPS for 1Q only contribute 0.41sen. :( Not impressive at all. Quite skeptical about its upside ? Really doubt on it future earnings as well. Say 0.41 X 4 = 1.64sen overall estimated EPS which is very low indeed. :( Even giving out 100% payout, that would mean about 1.49% DY. Can't even beat FD. :( Hope for a better coming Q...... :(

3. Some consolation here on GSP & Golden Agri. :) On the uptrend and slowly creeping up. :)

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