Tuesday, May 29, 2012

Durian Jatuh For YTL Corp !!!



1. Jump queue sold YTLP-WB at 0.47 and buy back at 0.465. Make half a cent.

2. Yet another windfall for YTL Corp shareholders. Beside distribution of treasury shares for the ratio of 1:15, they also proposed an offer for sale of YTLP-WB at an offer price of 20sen on the basis of 1 ytlp-wb for every 15 Ytl Corp shares. YTLP-WB is now trading at 0.475. WOW!! more than 100% gain !! Just whack YTL Corp by all mean. :)

3. UOADEV's 1st quarter result just as normal, no surprises. More or less the same with previous 1st quarter. :( With this current Q at the EPS of  3.42sen, this would represent about 3.42 * 4 = 13.68sen per year. At current price of RM1.57 it stood at PE of 11.4sen. Basing on this PE for property stock it is more or less fully valued. No surprise indeed. The only carrot now lie only on the 10sen dividend. :(

19 comments:

hng said...

Bought ultramaximum YTL corp at 1.86-1.87

hng said...

Yeah!! sold off all YTL corp at 1.90, realize handsome intraday gain :)

hng said...

Sold off all OSK at 1.58, realize marginal contra loss

hng said...

Bought more YTL Power-WB at 46.5sen

Teng said...

Hng

Seems like YTLPower-WB is under mild selling pressure. Guess it is temporary as some investor may sell WB and buy YTLCorp?

Teng said...

Bought some YTLPower-WB at 45.

hng said...

Bought more YTL Power-WB at 45sen

hng said...

Bought back again YTL corp at 1.87

hng said...

Teng

It is usual practice for YTL corp to offer its subsidiary share at deep discount to their own shareholder, eg. YTL Power and YTL -e

Teng said...
This comment has been removed by the author.
Teng said...

Who is the seller of YTLPower-WB?YTLCorp or recent buyer of 50millions YTLPower-WB?

hng said...

Sold off YTL corp at 1.89, realize 2rnd intraday gain

hng said...

Bought more YTL Power-WB at 43.5sen, reduce holding cost

hng said...

Teng

Both YTL Power and its WB under selling pressure, as once YTL corp complete sell off all its WB toi its shareholder at 20sen, it may trigger more and more investor convert their WB rather than wait till 2108, by exercise their right at 1.21 to YTL Power (cost at 1.21 + 0.20 = 1.41), diluting its earning.

But its also mean more fund available for YTL Power to expand its fast growing Yes and 1Bestarinet from initial coverage in 1200 school to eventually cover all nationwide of more than 10000 school, resulting earlier than expected breakeven point.

hng said...

Bought maximum level of YTL Power-WB at 43sen

Teng said...

Hng

To enjoy buying YTLPower-WB at 20cts,one need to buy YTLCorp first.Those buy 15,000 shares in YTLCorp is entitled to buy 1,000 shares in YTLPower-WB. 15k of YTLCorp cost around 28k now and 1,000 shares of YTLPower-WB only earn RM250( assuming he can sell at 45cts,minus 20cts cost)

hng said...

Teng

So those buy 15x YTL at corp now stand to earn 25sen, or 1.67sen/share....

hng said...

YTL corp current price of 1.89, up 16sen, from last 5 day average price of 1.73 already price in all these good factors: dividend 2sen + share dividend 12.6sen + YTL Power-WB 1.7sen

hng said...

At current YTL corp price of 1.89, YTL corp seem already stop/less keen on share buyback. Most of the today volume solely from retail investor

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