Tuesday, January 15, 2013

The Diff Between U & Me is A Degree And O Level ^^

1. WOW !! Damn arrogant of this Sharifah. What are those holding a Master Degree for then ? I guess these people can't even compete with you. :( Let the student finished what she want to said first then you talk about respect. It is disrespectful by refraining or shuting people off halfway by taking away the microphone. LOL !!
 
2. UOAREIT - What a perfect timing. ^^ Scalp on this by selling at 1.41 and bought back at 1.40. 1sen profit. ^^ DPU just declared. 4.95sen ^^
 
3. YTLPWR - Bloggerhng said...
There is news confirming joint bid by YTLCorp & M. Airport for the London's Stansted Airport, and argue that the logical place to park this investment is in YTL Power, which has a cash reserve of RM10 billion. This scenario has the distinct disadvantage of raising the value of YTL Power; thus making it more costly for YTLCorp to privatize. Good for YTL Power but not so good for the parent company


Therefore, i think divestment in YTLP power is the only solution. Once YTLP sell its power plant to 1MDB, cash proceed can use as special dividend payout, which YTLcorp as major shareholder is a main beneficial and can use these fresh cash for acquisition eg. Stansted Airport. These increasing YTL corp value and appeal and reduce YTLP dependency. Only by then privatization kick in, through share swap, privatize YTLP later.

Again some may argue then the viability of YTLP sell its power plant to IMBD since its concessionaire is expire in next 2year and doubt capability of 1MDB financial to able keep acquire power plant

Recall 1MDB acquire Genting Sanyen before its granted extension. The renewal concessionaire only announce after the deal concluded. Furthermore, in the earlier acquisition of another 1st generation IPP. the Powertek , there is still yet to grant extension. Thus, If 1MDB buy YTLP power plant, its just matter of time like Powertek, all together will grant extension afterall 1MDB is wholly own by Gov.

As Gov back institution, it able to fund acquisition with cheaper borrowing capital due to market high liquidity and the fact it guarantee by Gov. 1MDB off course could raise further capital via IPO, to increase its corporate profile and facilitate and meet its expansion mode of growth in future.


Therefore, I still opine that to build new power plant, it cost a lot more and take at least 4year to complete. It make sense to fully utilize existing power plant to continue generate power especial to those well keep plant. YTLP have excellent record in maintenance and upgrading it power generator. According to its annual report, YTLP have replace its Paka power station with newly installed latest model, the most efficient HR3 Burners in all its Gas turbines. Overall plant availability keep at optimal level with 95.15% at Paka Power Station and 99.05% at Pasir Gudang Power Station. The combined power production by both station was 102.81% of the scheduled qualities.

Thus, despite the concessionaire is going to expire in 2 year time, these well keep power plant still be able to keep continue generating power supply. If IMDB to acquire these power assets, even have to pay full value for it, is still worth of investing as the readily available power plant will shorten time to rebuild and get rid execution risk.
4. Watch List - YTLP, UOAREIT, MKLAND (1sen Dividend)

5. Good Luck. ^^

54 comments:

Teng said...

Horse

Kasset-CB-Price double after mother share trade ex for special dividend. For CWs,what happen if underlying share delisted before its CWs expire??I guess issuers has to use 5 days price before share delisted?

I-®on said...

Teng


For your inquiry,

IGB Corporation Berhad (Share Registration Department)
Level 32, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Telephone: 603-22898989

Teng said...

I-On

CW are issued by third party IB,nothing to do with IGB or Kasset

horse said...

Teng,

I have never encountered such case for CWs when underlying share delisted.
Most likely it has to settle with one price by using 5 days average like what you have mentioned.
Interetsing to find out more on this.
When is K-CB expires ?

caryn said...

safe to scalp on KASSETS @ 0.235?

Teng said...

Horse

KAsset CB expire June 28,2013

After annoucement by issuer yesterday regarding adjustment to ratio and exercise price,I thought worth to take a look. New exercise price is almost zero( 0.04cent?) and ratio 1.3. Any Kasset trade at 1 cent and above,CB will worth some money

caryn said...

keep a lookout for INCKEN, next star in the making

horse said...

Mother = 0.235
K-CB = 0.18
exercise price = 0.04sen
Ratio = ?

Teng, ratio is 13 to 10 ?

Teng said...

Horse

Ratio is 1.3

hng said...

Ya, CCM resume trading upward

horse said...

((0.04-0.235) + (0.18*1.3))/0.235 * 100 = 16%

Teng, is there something wrong with the ratio ? i work out to be very high in premium. 16% ? if so, really not worth. !?

hng said...

ok, used available trading limit, bought more CCM at 97sen

horse said...

Ok Teng,

I just checked Bursa :-

Ratio = 1.3043
Exercise price = 0.0045

horse said...

That will work out to be 1.8% premium. Which mean K-CB is worth 0.176sen. So, can buy in at 0.17 and below. ^^

Good Luck.

Teng said...

Horse

Based on current price of 24.5 cents,value for CB is

(0.245-0.0045)/1.3045=18.44 cents

It trade at almost zero premium or discount

Teng said...

Horse

I will wait and see price movement for Kasset. After ex,it should trade at 6-7 cents but it up 18 cents. I have no idea if Kasset has any other asset/cash after paying out dividend

ck5354 said...

Kamsia UOA reit,

sold 1.43,

my car battery is sponsored by Bursa.

Thanks horse.

horse said...

CK,

SO fast ?

Sold all MKLAND at 0.34. ^^

hng said...

MK land GOOOOOOOOOOOOOOO

horse said...

Let me shout as well.

MKLAND GOOOOOOOOOOO ^^

horse said...

Very funny MKLAND.
Big queue, now gone. :(

hng said...

horse

Ya, i've sold at 34sen, and q to buyback at 33-33.5sen

Teng said...

CK

Happy for you. Lucky you were not managed to cancel UOAReit and bought YTLPower WB instead

How you can forget to thank me?I introduced UOAReit to Horse,and he introduce to you

horse said...

WCT gap close further. :(

Now only about 4sen buffer. No point going for conversion.

CK, your second conversion come back already ?

horse said...

hng,

MKLAND seems like a lot of selling pressure. :(

Not seeing any major shareholders disposing. I wonder where the selling coming from ?

ck5354 said...

Kamsia Teng,

sorry arr forgot you.

Horse,

not yet, 2nd batch, still waiting.

horse said...

Bought back all MKLAND at 0.335. ^^

horse said...

wow ! Pantech Rock !!

ck5354 said...

bought star reit at 1.12.

cheeheng said...

horse

yeah,i've pantech bot@51 ,also did recommend pantech iculs whn it was around 11 sens

horse said...

you see, suddenly buy q is back on mkland...!?

cheeheng said...

ck
also bot stareit @ 1.11 n twreit @1.50 this morning :)

Teng said...

CK

YOu know I was joking

I stupid enough bought UOAReit at 1.33,sold 1.36. Should have sold TWRreit at 1.47/8 and switch all to UOAReit at 1.33-4 level. Both pay about 10.5-10.8 cents dividend

Teng said...

Horse

Some one queue to buy in huge qty,and can disappear very fast

horse said...

mkland gooooooooooooooooooo ^^

horse said...

congratz cheeheng on your pantech.

I-®on said...

Bot MKLAND 0.34

I-®on said...
This comment has been removed by the author.
horse said...

why don't q at 0.335 ?

I-®on said...

Just now large bulk buyer, now all disappear...

Teng said...

Mulpha???Price moving a bit with high volume

I-®on said...

MKLAND GOGOGOGOGO !!!

Teng said...

Also sold MK Land at 34 cents. Small profit as quantity traded is small

horse said...

Sold all my MKLAND at 0.34 for second round. ^^

I-®on said...

Teng

It seems MKLAND can go further up...

Hopefully I can escape....

Teng said...

MK Land-GOOOOOO

I have no more MK Land.Add oil for those still holding to it

ck5354 said...

sold all mkland at 0.34.

thanks HNG.

ck5354 said...

star reit will annouce DPU this week or next week.

horse said...

Bought STARREIT at 1.11. ^^
Let's HUAT. ^^

alwayswin111 said...

Hng
Sold MKLAND 0.34... Thanks

Gark said...

Yeah Horse, seems like WCT-WB gap is now only 4/5c.. not sure still viable to convert or sell all.

You still holding?

horse said...

Gark,
No more. Wanted to buy WB to convert but too pricey now. :(

Gark said...

Wah.. seems like I am the only one still holding the bag...

hng said...

alwawin111

I'm still keep most of MKland, today sold some at 34sen, thinking to buyback at 33.5, but unsuccessful. I think MK land deserve re-rating and should be able to trade further higher.

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