Wednesday, June 27, 2012

Bought More UOADEV



1. Scalp trade on MUHIBAH this morning. :) Make 1sen. :) May have more selling pressure on this MUHIBAH as CIMB has withdrawn it support on it funding. Look like going to breach below RM1. Careful guy !!

2. Bought in more UOADEV at price 1.50 & 1.49 respectively. :)

3. Tomorrow will be the listing of FELDA, hope it can stir up some sentiment to KLSE. :)

4. Good Luck All !!

41 comments:

hng said...

horse

According to UOAdev latest annual report, there are many institution investor: Among the top 10 shareholding are: EPF; SASB; Wawasan 2020; PNB; ASM; KWP; CIMB, collectively control about 15% stake, which i think at cost of 2.50, IPO price.

With incoming half year ending by these week, hope these institution investor will do window dressing for UOAdev.

Teng said...

Horse

I was reading a report regarding CIMB withdraw support for APH. Report said it may not be bad case for Muhibah as CIMB may have got new investor for APH

Teng said...

Horse/ Hng

This week fund managers may in buying spree to push up share prices so their returns for FY ending June 30 look impressive.

hng said...

Teng

CIMB analyst itself already advice client to sell Muhiubah (TP: 94sen) and switch to Mudajaya

horse said...

Thanks for the infor hng & Teng.

Good Luck & Good Nite to both of you.
May the best price be yours always.

Teng said...

Guess I have to subscribe to AMFIRST right issue.Tried to sell last two days at 1.16 but not done.

hng said...

Bought YTL Power-WB at 53sen

Teng said...

Hng

Did you manage to grab YTLPower-WB at 52.5-53? I saw the price changes but not getting any

hng said...

Teng

Amfirst right share at 83sen, ratio 3 for 5 will dilute earning by 60%. Based on its income distribution of 9.3sen, fully diluted income will be 5.8sen. Ex-all Amfirst price 1.01, yield at 5.7%. However, income could be higher as fund raising will be reduce interest bearing cost at 4.5-4.8%, thus increase earning to 6.2sen, give rise to yield of 6.2%

Teng said...

Hng

Thanks.

6.2% div yield is just ok. Other REITS offer better return but at least still better than FD

alwayswin111 said...

Hng
Your tambun-w is doing fantistically well... good job
Today I sold my TWSCORP for small profit..

hng said...

alwayswin111

Tambun still on track to test it immediate resistance at 58sen, follow by 60sen. Major shareholder has initiate accumulation, so there should no major problem.

May i know what is your cost in Ivory? these stock still trading below its right price, i'm watching for sign of breakout.

hng said...

Teng

I'll watching Amfirst ex-right price (RM 1.01) first follow by listing of its right share (RM0.83). The impact on fully diluted Amfirst upon listing will be final calculation of its income yield.

alwayswin111 said...

Hng
My average price is 0.527... Ivory is kind of forming a flag with support at gap 0.515

hng said...

Bought Cresndo at 1.81

hng said...

Bought more Haio at 2.08

Teng said...

Bought HapSeng at 1.72. Hope HapSeng continue its share buy back

hng said...

Sold off YTL Power-WB at 43.5-44sen, realize intraday gain

Sold off remaining Chuan at 55sen, CYL at 45sen, realize all paper profit.

horse said...

Hi All,

No trading from me today. :(

Teng, yea, you should subscribe the RI. As explained by hng, Amfirst will still be able to fetch 6+% dividend even after fully diluted with it RI. Still consider ok though it is not as good as before. I will not buying for now as there are other more attractive REITs like ARREIT, HEKTAR, STAREIT, TWRREIT & UOAREIT all fetch higher yield than others. :)

horse said...

Market sentiment did not continue through even with Felda listing today. :(
Felda can fetch around 20% profit from IPO which is consider very good already. :) Congratz to those who get the IPO. :)

hng said...

Sold off all Haio at 2.13, realize all paper profit

hng said...

Make first round of intraday gain on YTL Power-WB, bought at 54-54.5sen, sold off at 54.5-55sen, realoize intraday gain

Teng said...

Sold Hapseng at 1.75 for quick contra gains

hng said...

Teng

Hapseng now at 1.79, window dressing + share buyback spur share higher

I'm selling some Hapseng-WA (cost at 42sen) at 43.5sen, realize contra gain

Teng said...

Quick contra gains from Hapseng cost me 'lose' more.It is178-179 now. Watching repeat of EURO between German VS Italy and in betwwen,look at computer screen.Stop watching EURO now

hng said...

Decided to sold off all Hapseng-WA at 43.5sen, realize all contra gain

hng said...

Too bad, Haio soar, but sell too fast, realize just few hundred instead of few k now :(

Teng said...

Hng

Hai-O annouced another set of impressive result yesterday. Someone introduced me this counter in 2009/2010( before share split). Hai-O recorded 50% profit growth every year till 2010?

alwayswin111 said...

Hng
Good profits for you today, congrats.

hng said...

Teng

It should be reverse, profit drop significantly since 2010 due to change in MLM regulation. Haio earning only manage to recover from Q2 last year and till now, EPS stand 17sen, trading at PE 13x. dividend policy= 50-55%, yield at 4% nett

hng said...

Increase further stake in UOAdev, bought UOAdev at 1.51

Teng said...

Sold all Tambun at 57.5. Handsome gains for short period of holding

Teng said...

Hng

ya,Hai-O profit growth till 2010 was very high. Guess after so many goood years,profit growth will slow

Teng said...

HapSeng is damn strong in afternoon session. >180 level

hng said...

Teng

This is what we call window dressing

Teng said...

Ya. I understand all fund managers need to push up share so to show to their unitholders impressive returns

Made two mistakes on Hapseng and MISC. Bought at good timing but sold too early for quick gains

Teng said...

Tried to sell UOADev at 1.52 but only partially matched

Tried to buy Kulim-CE at last minute at 17.5 but again but only very small quantity matched. Kulim CE is issued by OSK and calculation is based on closing price ( not volume weight). Kulim closed at 4.7 today. If Kulim close at 4.45 next 4 trading days,CE is value at 18.

hng said...

Teng

We all experience selling stock too early, even manage to reap profit but feel bit of disappointed as can't do anything and have to just sit to see sold stock ride high and higher :(

But, there will no other people know the next movement of the stock unless have insider news from fund manager. So we let it be, there is no such thing as fair for level playing field for trading in stock market. So long, we keep derived profit no matter small/big and protect our capital, keep searching for potential stock and accumulating wealth long term. So be confident our self, find our niche and gain more and more experience to further improve of buy-sell strategy.

Teng said...

Hng

We can't be winners all the time. making less is definately better than ' losing less

hng said...

horse, Teng, alwayswin111

Finally, UOPAdev make announcement on its dividend reinvestment plan at 1.39 and ex-date for its final dividend of 10sen TE on 11 July.

UOAdev is my current top holding (more than 1/3 of portfolio), slightly higher than stake in Tambun. Hopefully it will bring another handsome gain next week.

Teng said...

Hng

France and German market up by more than 4 %. Dow also show impressive gains.

UOA- After ex dividen, uoa price will be adjusted to 1.41 . Reinvestment price at 1.39 is not attractive. Announcement by uoa said it is 8 % discount. I thought discount is base on ex price. I remember maybank is using ex price as well

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