Thursday, January 31, 2013

QCAPITA - Another Right Timing Entry ^^

 
 
1. QCAPITA - Bought in at RM1.19. ^^ Just declared DPU of 4.28sen. ^^ Slightly lower than the correspondance qaurter. Just right on time to enter today. ^^ Hope to reap some profit from this.
 
2. CARLSBG - Rebounded !! Closed at RM11.88. Already in profit zone but will keep for a while. Hopefully can march back to RM12 level. ^^
 
3. IGBREIT - Sold all at RM1.37. ^^ Reap handsome profit on this. Will buy back if it dip back to RM1.35 - RM1.36 level. ^^ Current DPU at 1.83sen is meant for 4Q. The next DPU would likely in 6 months later. I guess will be around 3.6sen, that represent at around 5+% overall. Not very attractive but i guess still ok for a new comer. The prospect is good for this guy. ^^
 
4. GENTING SP - Out of sudden, garner 10sen in the morning. I sold some at S$1.545 this morning. ^^ Still holding bulk of it. ^^ Hope something good is coming in the result.
 
5. Watch List - QCAPITA, CARLSBG, IGBREIT, GENTING SP, TMS, CYPARK, ACOSTEC, MKLAND
 
6. This month is a good month for me. ^^ Hopefully continue to prosper in FEB. ^^ BUT i think is getting tougher, as GE is just around the corner. Holding cash will have bundle of opportunity when the 'dip' become reality eventually. All the best. Just keep Laughing All The Way To The BANK !!
 
7. Good Luck. !! ^^

33 comments:

hng said...

horse

Well done!! keep laughing all the way to the bank :)

hng said...

Update shareholding change in TMS

TMS acquire viewnet for RM 12.5m, to be satisfy by issuance of 125m new TMS share to viewnet original shareholder, namely Aura Active 50m share; KM Pang 50m share and Ng Pak Yeong 25m share.

These 3 original shareholder of Viewnet sell its company to TMS without cash option but is exchange deal it with new TMS issue at 10sen to them. Therefore, it is very keen for them to sell off its TMS share in order to cash out.

Aura active shareholder are Chang Quek Hin and Lee Yoke Pei, already opt to disposed off half of their stake in their newly received TMS, 25m to open market. However, another half of the stake 25m is to pledge for profit guarantee, cannot sell until 2014.

Today, another original shareholder of Viewnet disposed its TMS share, that is KM Pang control by Pang Kim Moon and Chan Lai Sun, which also own 50m TMS share. Again similar to Aura active arrangement, KM Pang only can dispose maximum 25m and the remaining 25m is to keep as pledge for profit guarantee to TMS until 2014.

Based on today announcement, its only disposed 7.4527m on 25 Jan, still own 42.5473m. We will have to wait and see in next few days to confirm its already disposed all it remaining 17.5473m.

I suspect the other original shareholder of Viewnet, Ng Pak Yeong whom entitle 25m TMS share also is selling its stake via open market. As Ng Pak Yeong 25m is below 5% threshold as substantial shareholder, there will be no announcement for shareholding change in the bursa. Furthermore, Ng pak Teong no need to keep its stake to pledge for profit guarantee purpose, he can actual sold off total all it 25m stake via open market.

All these original shareholder of Viewnet disposing their TMS share via open market to cash out is the main reason TMS share under selling pressure. However the selling should be tailing now, we should wait and see what happen to the TMS share next week.

horse said...

You too hng. ^^ Keep laughing all the way to the bank. ^^

TMS - i think the coming 4Q will register some profit hopefully. If the disposed is in tail end then, selling force will ease, mean reversal will be soon. ^^ Good Luck my friend. 4Q profit means high chance of driving the price up ^^

hng said...

horse

TMS acquired both Viewnet for 12.5m and 66% stake in Open Adventure for 1.98m, payable by issuing new TMS share value at 10sen. The acquisition are come with profit guarantee clause, with 2.5m and 0.6m respectively from 2012 till 2014. These essentially value both company at PE of just 5x.

TMS likely to at least breakeven with these two acquisition. The more important part is TMS is in net cash position 27m or 5sen/share, it imply more 60% of share is in the form of cash.

5sen net cash vs. current share price of 7.5sen

hng said...

Based on announcement in proposal, Viewnet itself is self sustain company, the first 6month 2012, recording revenue 63.235m and net profit 1.673m. So, the profit guarantee that viewnet generate 2.5m profit to TMS should have no problem at all. It may even exceed if court annualized, could recording net profit of 3.346m to TMS.

hoseadavids said...

Hi Horse,

Congrats on your purchase of Carlsberg.

Please don't sell too early.

I reckon it can easily go up to RM17.50.

;)

horse said...

12.5/3.346 = 3.7

Viewnet just need 3.7 years to get 12.5m and it is a profit generating company, why would they want to sell to TMS ?
Does not make sense to me ...
I would keep the company, unless it is offering like 10 times 125m, 10 years of effort, this make more sense.

horse said...

hoseadavids,

Thanks. I should buy in 3rd batch at 11.60. Too bad, thought it can go down lower. Did not expect it rebound so fast. :(

I am not that optimistic like you. To me RM13 is good enough. ^^

hoseadavids said...

Horse,

RM13 only gives you a gain of 13%.

:(

Anyway, wait for the FAT dividend in Feb.

:D

horse said...

Yup, i am aiming for the Div actually. ^^

hoseadavids said...

Carlsberg is growing rapidly.

I believe it will overtake GAB very soon.

Cheers.

hng said...

horse

Do you know these 3 viewnet shareholder cost of investment in viewnet?

Lets me tell you, according to the announcement in the proposal, the total cost is at 1.22m only !!??

1. Aura Active: 450k
2. KM Pang: 550k
3. Ng Pak Yong: 220k

Now, it make sense to you right, tehy are opt to sell viewnet to TMS for 12.5m is more than 10x one off profit compared to their initial cost investment in viewnet.

hng said...

It make sense now, these shareholder sell viewnet to TMS for 12.5m is for them to realize more than 10x quick one off lump sum profit.

Although the actual realize profit could be lower a bit since these shareholder selloff viewnet to TMS is via 125m new TMS that issue at 10sen, which they must sell via open market to cash out.

Bear in mind, after selling off their stake in viewnet, these original shareholder still continue manage viewnet, still derive salary and bonus from viewnet yearly earning. The only thing is that they must ensure Viewnet able to generate at least 2.5m net profit yearly, guarantee for 3 year until 2014, underwrite by they 25m + 25m TMS each as pledge to TMS.

cheeheng said...

horse

Congratz on your pft$$$.Keep it UP !

i heard that frm 2013 all dividens will b single tier,no more less 25%. Can anyone confirm this?

horse said...

Thanks for the explaination hng.
Yes, it make more sense to realise one off investment and still control the company, just like what my friend did. Furthermore, their investment is indeed giving 10x which relatively attractive.

horse said...

Thanks cheeheng,
You too..^^

hng said...

horse

These director of viewnet will continue manage viewnet and still able to enjoy their remuneration as much as 820k based on last 2011 record. However, they will unable to draw their annual dividend from viewnet as they have opt to sell viewnet ownership to TMS (these director draw 1.6m of dividend from viewnet in 2011)

horse said...

May be can scalp on TMS by buying 0.075 and selling 0.08. I think this range of buying and selling is possible, but need at least 100000units of shares. I would go like 200000 units per transaction, go as many round as possible. ^^
0.075 quite a bottom, buy nothing is for sure. Just a suggestion. ^^

horse said...

May be can scalp on TMS by buying 0.075 and selling 0.08. I think this range of buying and selling is possible, but need at least 100000units of shares. I would go like 200000 units per transaction, go as many round as possible. ^^
0.075 quite a bottom, buy nothing is for sure. Just a suggestion. ^^

Teng said...

MBSB strong

hoseadavids said...

MBSB is giving out a dividend of 20.25 cents.

Current price: RM2.40

Dividend yield: 0.2025/2.4 = 8.44%

Good deal!

Teng said...

Sold IGBReit at 1.37 for 2 cents profit

Bought small quantity of MKLand at 30.5. Hope to earn lunch for tomorrow

cheeheng said...

teng

looks like e'body's on extended h'day,so quiet. ....zzzzzzzz

Teng said...

CheeHeng

Or market is so boring,nothing to trade or share

hng said...

Bought maximum MBF at 1.22-1.25

ck5354 said...

Hi Hng,

Any update on MBF, why you sapu?

hng said...

ck5354


Privatization, possible up to RM 2.00

hng said...

The privatization will be through selective capital repayment

ck5354 said...

Kamsia Hng,

mostly since tan sri already have 90% share.

Teng said...

在上周专栏,我曾提及马婆控股的大股东罗德纳丁买卖马婆控股公司凭单(MBFHLDG-WA)而带动该凭单价量齐升。

 当时我曾经以为罗德纳丁可能是因公司快要派发什么特别股息而先买进凭单。由于该公司最近完成以6亿4140万令吉脱售信用卡生意给大马银行,许多投资者或许憧憬公司派发股息而买进公司股票或凭单。

可强制献购股票

 但是随著罗德纳丁在1月29日宣布凭单控制权超越91%后,股东们预料将会面对罗德纳丁再度欲把马婆控股私有化。

 如果罗德纳丁上一次私有化计划不成功,这一次他应该已经可以把该公司私有化了。根据最新股权报告,罗德纳丁已经持有马婆控股约86.14%股票和91.5%凭单。

 只要罗德纳丁再增持3.86%股权,他就可以使用公司法令强制性收购其余股票。

 罗德纳丁在前个星期突然在市场疯狂扫超过2275万单位马婆控股公司凭单,并把该凭单价钱在短期内推高一倍以上。

 根据大马交易所资料,罗德纳丁是以23.6仙至37.2仙的平均价,买进马婆控股公司凭单。他这项动作其实另有目的。

 由于罗德纳丁已取得超过91%凭单持有水平,他只需要选择行使部分他已经持有的凭单来增加股权,以便取得达到90%强制收购水平股权来完成公司私有化计划。

 罗德纳丁最近的凭单收购行动,已经使他在私有化计划中站在不败之地。这一次少数股东将无法阻止大股东欲把公司私有化的行动。

 除非罗德纳丁又有出人意表的动作,相信马婆控股这家公司在不久后会在大马股票交易所消失。

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

Lourdenadin to Privatize MBF Holdings After Mopping Up Warrants!

The warrant of MBF Holdings Berhad surged more than 120% in the week ended 25 January 2013 as major shareholder Tan Sri Datuk Dr Ninian Mogan Lourdenadin, through Nadin Holdings Sdn. Bhd., mopped up MBFHLDG-WA from the market. According to stock exchange filing on 29 January, Lourdenadin disclosed that Nadin Holdings Berhad had purchased 22.75 million warrants from the market the week before at average prices ranging between 23.6 sen and 37.2 sen. MBFHLDG-WA ended trading on 30 January at 35 sen while the mother share closed at RM1.25

yh said...

hmmm... some big event will take place soon? now it's about time for Tan Sri Datuk Dr Ninian Mogan Lourdenadin to takeover?

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