Wednesday, May 30, 2012

Scalp Trades Dated 30/5/2012



1. Sold some UOADEV at RM1.52. The lowest of today LOL !!! Seem there is no surprises on its earning, the only catalyst probably now lie on 10sen dividend. :( Try reduce my holding risk on this counter and take some small profit first. :) Will surely buy back if it ever dip below 1.50 again.

2. YTL Corp seems to react according to the good news and proposal and YTLP & Warrant continue to be pressured down. :( haiz... ytlp suffers the sell down could be due to the extension of the power purchase agreement, the WIMAX losses and the new investment in oil shale project. All these are high profile and eat up ytlp's capex in the long run.

3. Good Luck.

25 comments:

hng said...

Yeoh family is the largest shareholder of YTL corp, which in turn the largest beneficial of entire corporate exercise, dividend 2sen + share dividend 1:15 + right to subscribe YTL Power-WB at 20sen.

I think the only loser is YTL corp itself, as it cannot reap higher value of its investment in YTL Power-WB, by even selling though open market, can get average at least 35-40sen; or through off market at 24.5sen. Secondly,. YTL corp will loss its majority control over YTL Power if all warrant converted, stake will be below 40%. Thirdly, YTL will need fund to restart its share buyback once all distribution completed, fund raising from selling stake in YTL Power-WB not even enough to buyback 1% of YTL corp. Fourthly, EPS of YTL corp will be diluted by at least 7% once all treasury distributed

hng said...

Used all available trading limit, bought ultramax OSK at 1.51

Teng said...

Hng

I didn't follow up much on OSK-RHB things.Remember it was cash +share acquisition? How much they value OSK base on RHB current share price?

Teng said...

Hng

Congratulation on yr OSK.

Teng said...

Horse

You can buy back UOADev at 150 now.

hng said...

Teng

Based on OSK share volume of 940.4m, 10% RHB fully diluted earning estimate to be around 18.5sen, implied OSK at just 8.2x

Teng said...

Hng/Horse

My observation-I follow Horse on YTLPower-Wb,price down. Follow Hng again,price also down

I don't follow Hng on Faber and OSK,price up immediately

Haha.

Anyway,Tambun-I did make small profit

hng said...

Sold off all OSK at 1.55, realize intraday gain first

hng said...

Teng

Tambun share under pressure ahead of its warrant and right listing on Monday. Nevertheless, as i said before, hold longer as Tambun still trade cum dividend of 3.8sen TE, which yield at more than 7% nett.

I trade OSK and Faber short term as both share down till approach their respectively support level, which implied share have higher odds to rebound.

About, YTL Power-WB, just wait for time to prove whether or not i'm right about unjustified selldown due solely on YTL corp offer to sell its stake at 20sen based on 15:1

hng said...

Teng

Tambun share under pressure ahead of its warrant and right listing on Monday. Nevertheless, as i said before, hold longer as Tambun still trade cum dividend of 3.8sen TE, which yield at more than 7% nett.

I trade OSK and Faber short term as both share down till approach their respectively support level, which implied share have higher odds to rebound.

About, YTL Power-WB, just wait for time to prove whether or not i'm right about unjustified selldown due solely on YTL corp offer to sell its stake at 20sen based on 15:1

Teng said...

Hng

Agreed.YTLPower-WB is my biggest holding counter

hng said...

Bought back some OSK at 1.53

Teng said...

Hng

Can I ask if you staying Klang valley area?

hng said...

Teng

I'm staying in Cheras, how about you?

Teng said...

Hng

I am in Subang Jaya.

Teng said...

Hng

Will reserve fund to buy Tambun next week

hng said...

I think UOAdev management must be in the midst of counting 5 day average weight share price and to give max 10% discount to determine its final share reinvestment price of its 10sen final dividend. Next week will be the time to get its detail, likely to be 1.36-1.40.

hng said...

OSK share fate will be determine by RHB share performance. Based on current price of 7.41, OSK 10% stake will be worth at 1.74 alone

hng said...

Lets test whether or not RHB share performance indeed pull OSK share price

hng said...

Use remaining trading limit to increase stake in YTL Power-WB, bough tat 41.5sen, reduce holding cost

hng said...

Sold off today YTL Power-WB at 42.5sen, realize intraday gain :)

hng said...

Used trading limit to buy YTL Power, Bought YTL Power at 1.62

hng said...

Sold back all YTL Power at 1.65, realize intraday gain :)

Teng said...

Hng

You see.You bought YTLPower and its wb and make money because I did not follow you to buy. Actually I am out since 11am today and didn't not monitor market

Anyway,well done on your YTLPower

hng said...

Teng

I'm trader cum investor, sit in front of computer whole day .....

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