Friday, December 28, 2012

Trades Dated 28/12/2012 - KULIM Can't Ejaculate :(

 
 
1. KULIM -WC - Kulim can't even move up even with the declaration of 0.9094sen special dividend. This make Kulim-WC to be under perform as well. Just saw the bursa announcement., the adjustment of exercise price for K-WC will be at 3.13 to be make effective on 12/1/2013. The payment of 0.9094sen dividend is ex on 9/1/2013. Which mean with such pathetic performance of mother KULIM, this make K-WC has no advantage at all. Ex-price for KULIM will be (5.00 - 0.9094) = RM4.09.  K-WC has no discount at all as (4.09 - 3.13) = 0.96sen only. :( Now K-WC is trading at RM1.03, it is trading at a premium but not very high though as it still has long expiry date till 2016, so there should be some premium given. Not too bad but no advantage i would say unless mother went straigth up when approaching ex-date on 9/1/2013. I am being greedy, still holding mine. :( Now more or less breakeven. :(
 
2. WCT-WB - Decide to sell last batch at 0.365sen. Not sure there will be selling force coming on Monday when the first batch of conversion go listing. Better sell first and monitor closely. I am still waiting for my turn on the conversion units, hopefully can come in next week as well. ^^
 
3. OSKPROP-WC - Sold some at 0.195. ^^
 
4. Watch List - KULIM, CCM, MBF, WCT, OSKPROP, ALAQAR
 
5. ALAQAR - Missed. It went up at 1.37, closed at 1.32. :( Should have sold at 1.35. :( Still hanging on this.
 
6. Good Luck.

46 comments:

cheeheng said...

horse

neveramind, u win some u lose some. Maybe u can sell kulim wc off at 1.04/1.05 n still make a small pft. Then u can join us in Mbf club n HUAT 2gether ! :)

horse said...

cheeheng,

Yup, seem good idea though. ^^

Will consider Mbf my next target. ^^

Good Luck.

Teng said...

Everytime special dividend ex date announced,price of particular counter price go up( even special dividend has been annouced earlier). So MBF price should go up once ex date for sp div announced

tcg82 said...

Teng,
Everytime special dividend ex date announced, price goes up(eventhough special dividend have been annouced earlier)

I think you hit it on the nail and believed we all here so love this statement :)

David said...

understand that there have until end of month for the 25% spread of MBF share. presently, only have around 11% spread in the open market. my question is will the counter be suspended and delisted end of the month? will the CEO be forced by BURSA to take up the remaining share not owes by him and at what price? NTA before disposal of MBF card business @ 1.70; please advise. many thanks

horse said...

David,

Normally if the spread ratio not meet within the stipulated time, they will ask for extention. This is how all companies did all this while. Should not worry much on this i guess.

Teng said...

KSeng nice

Derick said...

KSeng under Overbought condition,anytime will profit taking.

hng said...

Sold off all KSeng at 4.68, realize contra gain

Teng said...

Still many investors( or rather speculators) chase after SP Setia WB.

hng said...

Bought YTL Power-WB at 43.5sen

Teng said...

Hng

Congratz on KSeng

I probably hold on to my KSeng for now. I cannot afford to buy land in Johor,so I am buying Kseng as proxy as it has large landbank in Johor( which has not been revalue past 30 years)

Teng said...

Bought back some Glomac at 83 cents

Gark said...

Sold some YTLPOWR at 1.59..

hng said...

Teng

Technically Kseng is overbought, could adjust after this round of window dressing ended by today. As retail investor, we always have option to free trade our stock either sell, buyback later or buy more , sell higher etc

Teng said...

Hng

That is true.But not all of us can read market movement as good as you

I still have' phobia' caused Oriental Holding. Bought at almost lowest RM4.35,and it shot up to RM5 within weeks. Sold at >RM5 thinking can buy back later. But never has chance to buy back

hng said...

Teng

Agreed, sometime, if fund manager keen to accumulate that particular stock, it will ignore technical overshoot, keep on buy in till reach their desire level.

Teng said...

Hng

Remember your comment in YTL Land. Just buy and keep for few years for good stocks to double in price

hng said...

Teng

YTL land have very good and strategy landbank around Sentul area. It all depend on management capability to fully utilize and realize maximum profit on it

alwayswin111 said...

cheeheng
do you still have timecom. thinking of grabbing some at 3.90

cheeheng said...

alwayswin111

ya,still holding,looking 2 pick up more if it drops to 3.85 n below. The CEO has been buying frm the mkt at around 3.85...so that's a good sign.

ck5354 said...

Hng Kor,

CCM - PNB and Yayasan Bumiputra start to buy back.

Is it good news????

hng said...

ck5354

Ya, That is good sign. I'll buy back CCM now.

ck5354 said...

But alex ask to avoid.

http://nexttrade.blogspot.com/2012/12/ccm-6-year-decline.html

hng said...

ck5354

Just bought CCM at 88sen

hng said...

ck5354

I know Alex in Nexttrade did comment on CCM. But he didn't mention latest CCM development.

1. PNB have exercise all its stake in CCM-WA at 1.36, 50% higher than market share. Thus have increase further stake in CCM and raise fresh capital for CMM, improving its balance sheet

2. PNB have just today announce purchase of CCM share from open market, absorbing selling pressure from EPF, which have cut its stake from 9% to around 6%

3. CCM, major division, CCM pharm has secure insulin right distribution, improving earning visibility.

ck5354 said...

Hi hng,

will this sell down the CCM share??

CCM:
LISTING'S CIRCULAR NO. L/Q : 66837 OF 2012

Kindly be advised that the abovementioned Company’s additional 52,825,836 new ordinary shares of RM1.00 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Wednesday, 2 January 2013.

hng said...

ck5354

According to CCM latest shareholding, PNB has purchase more share open market and raise its stake to 62.1% based on enlarge share capital after take into account all warrant conversion.

As PNB has fully exercise its warrant but its entitle new share only will be list on 2 Jan. Therefore based on enlarge share capital, PNB has actual raise its stake 73.5% and EPF has only left with 5% stake, soon will ease to be substantial shareholder.

ck5354 said...

But hor, I don't think they will sell since they bought at 1.36.

Damn stupid right, the way they waste money.

hng said...

ck5354

I believe if PNB continue buy share through open market and absorb selling from EPF remaining 5% stake. Then, PNB stake will continue raise from current 73.5% to reach critical level at 75% and if exceed, it could trigger MGO

hng said...

ck5354

EPF is selling not PNB. PNB already exercise warrant at 1.36, therefore it will continue buying CCM at current price to average down its holding cost. If 75% stake is exceed, PNB can offer MGB at 1.00-1.36 to privatize CCM

hng said...

Bought ultra maximum CCM, all at 88sen

Teng said...

Should I sell Uchitec?

ck5354 said...

HAPPY NEW YEAR 2013.

hng said...

Use trading limit, bought IGB at 2.30

cheeheng said...

like to take this opportunity to wish “Happy and Prosperous New Year’ to all cyberfriends.

Teng said...

Hng

Any reason you buy IGB?I was chatting with CK,and I told him I was hesitating if to buy IGB at 2.30. Special dividend maybe catalyst.Even without special dividend,I still think at 2.30,it is a steal

Teng said...

Happy New Year 2013

Jason Sim said...

Teng,

IGB got special dividend? Thanks/

Teng said...

Jason

Some analyst believe IGB may pay special dividend after listing of its property via Reits. So far no annoucement from IGB yet

Jason Sim said...

Thanks, Teng!

hng said...

I think IGB should be able declare special dividend either cash or share dividend in conjunction with its upcoming Q4 result, next Feb.

IGB major shareholder, Tan family have actively purchase share in open market + company share buyback, accumulate up to 4.82% already

hng said...

Wish blog owner, horse and all cyberfriend a very Happy New Year 2013.

Derick said...

Happy New Year 2013 .. Huat la !!!

I-®on said...

Happy New Year to all & our blog owner...

All huat & stay healthy...

alwayswin111 said...

To Horse and Blog participants
A Very Happy New Year 2013. Wish everyone good health and great trading ahead.
Have a good time with your family.
God Bless.

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