1. Scalp traded the above today. :)
2. Sold Ytlpowr-WB at 0.525 and sold some UOAREIT at 1.40. :)
3. Try to repeat the same old thing again tomorrow hopefully. :)
4. Monitor Tambun-OR closely tomorrow, as it is its listing day. All the best to hng & teng.
5. Congratz hng on your ytlpowr-wb. Tempted to buy in Tambun at 0.52 today but give up as need to reserve fund for YTLpower-WB and UOADEV.
6. Might buy more UOADEV tomorrow if it drop further. Will try increase my steak on this guy as it is my biggest holding counter now. :) Good Luck to me and to all my cyber friends here.
Hng
ReplyDeleteDid not trade YTLPower-WB today.Tried to buy at 50cts afternoon but not able to get
Did not know UOAReit hit 140. I bought at 1.35 about a month ago.Keep this for its dividen
Sold off all Tong Herr at 2.45-2.47, realize all paper profit
ReplyDeleteBought Tamun-OR at 7-7.5sen
Bought more Tambun-OR at 7.5-8sen
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteHng
ReplyDeleteI missed Tambun-OR.I was monitoring when market open.OR trade from 9cts to 6.5-7 cts,I started to q at 6.5. Then it rebound to 7.5-8 level
Hng
ReplyDeleteShd have read yr posting morning.I will probaly just grab at 7 and not q at 6.5. now 8.5-9 .Well done Hng
bought Tambun-OR at 7.5cts
ReplyDeleteTeng
ReplyDeleteTambun-OR large depend on Tambun performance, if Tambun manage to ease off the consecutive selling pressure, rebound then, the chance -OR making money is bright.
Based on current-OR at 7sen and Tambun 52sen, market effectively value upcoming warrant at 10sen
Hng
ReplyDeleteBuying Tambun's mother at 51 level is also safe. Tambun management will make sure share price stay above 50 level so shareholder will subscribe to right issue
Teng
ReplyDeleteDon't forget, Tambun is going to declare dividend of 3.8sen TE soon and its upcoming Q1 result will also serve as catalyst as progress billing of its 75% sold properties last year will start kick in.
Bought more Tambun-OR at 6.5-7sen
ReplyDeleteBought YTLPower-WB at 50sen
ReplyDeleteI cancelled Tambun-OR q at 6.5 and grab it at 7.5. Shd have not cancelled q at 6.5
ReplyDeleteBought YTLPower-WB at 50cts. May buy Tambun-OR at 6.5cts
ReplyDeleteSold partial YTLPower-WB at 50.5sen, realize intraday gain
ReplyDeleteYTLCorp up 4 % today but YTLPower continue to be weak
ReplyDeleteBought more YTL-Power-WB at 49.5sen
ReplyDeleteTeng
ReplyDeleteYTL corp may repeat takeover on YTL Power like its sister company YTL cement through share exchange. Based on current condition at ratio which favor YTL corp
Bought YTLPower at 1.68. Attack 'mother' instead of 'daughter'
ReplyDeleteHng
ReplyDeleteYTLPower maybe too big for YTLCorp to take it private.Also,most cash YTL Group is parked in YTLPower.But taking it private via share swap is definately possible.YTLCorp can issue bond ( Francis Yeoh is good in this)to finance the acquisition
Teng
ReplyDeleteYTL corp through share buyback intentionally push up share price. When time ripe, it will proposed share exchange and justified rationale by citing YTL power share do not reflect value etc, entice shareholder to opt for share exchange with YTL corp which is more liquid and higher appreciation value.
By taking YTL power private through share exchange will be earning acretive to YTL power as YTL Power trading at PE=10x, while YTL corp at 13x and YTL corp able to direct assess YTL Power cash hoard.
Teng
ReplyDeleteAnother rationale that i can think of is YTL corp may payout higher dividend than YTL Power as YTL corp now have direct assess to YTL cement cash reserve and its consistent selling of YTL Power-WB also raise more cash for YTL corp.
I think Francis Yeoh purposely make YTL corp more attractive than YTL Power. This strategy also applied to previous YTL cement, where proposal take over happen when YTL cement almost trade at year low and payout lesser dividend despite higehr EPS. earning.
Hng
ReplyDeleteYTLcorp sell YTLPower-wb to raise fund to buy back its share everyday. Also,YTLpower pay less dividen in its latest quarter. One reason is YTLPower may need fund to buy telco in this competitive market
Hi All,
ReplyDeleteNo trading from me today. So i am not posting any today.
I can see both of you buying on T-OR and YTLP-WB.
With Tambun closed at 0.52 and T-OR at 0.07. Mean the Warrant would likely priced at 10sen or more.
Would closely monitor on Tambun & T-OR tomorrow. Hope to grab some from it. :)
ReplyDeleteGood Luck !!
As for YTLP-WB, would expect them to throw more tomorrow. I am picking them up if price can go below 0.485 to satisfy a good premium against mother share.
ReplyDeleteBought more Tambun-OR at 7sen
ReplyDeletehorse
ReplyDeleteHave you buy YTL Power-WB at 48.5sen now? I'm hold back to buy more on YTLPower-WB now as its mother share likely to test its all year low of 1.63, with strong support at 1.60.
In short term, YTLPower still engage trouble surrounding its PPA issue, with incoming GE, if PR takeover, PPA deal may restructure to reduce gas subsidy and re-set open tender for new PPA.
On the other hand, in medium to long term, privatization of this group by its parent is still on course. There is already clear signal from MD, fransic Yeoh that if YTL corp have nothing attractive assets to buy, it will buyout its subsidiary. By through share exchange, YTL corp need no single sen to take over all its subsidiary and enjoy full control over its subsidiary cash reserve, which in turn use these cash to continue its share buyback on its own to support enlarge YTL corp, and ultimately distribute share dividend in species to all YTL corp shareholder, which Yeoh family will entitle to most, a direct beneficial owner of YTL corp.
The more YTL power suffer depress in share price, the more likelihood YTL corp will take over via share exchange to consolidate all under parent group. The rationale is simple, advice YTL Power share swap to YTL corp as it have more diversified earning derived from cement, REITs, property, KLIA transit, construction etc instead of relying just concessionaire ( power, water) and highly competitive telco as well as expected huge capex on new venture into oil and gas industry.
Agreed with Hng. Not going to touch YTLPower for time being. PPA risk is there,but I guess even if PR win next GE,they will not totally terminate the PPA with existing power company
ReplyDeleteHng/Horse
ReplyDeleteYTLCorp sold YTLPower-WB in 3 session
Disposed 03/05/2012 2,000,000
Disposed 04/05/2012 3,000,000
Disposed 07/05/2012 3,000,000
At 48.5,it is attractive. If YTLPower goes up to 1.90level,WB will worth around 70cts. But have to wait for YTLCorpt stop dumping WB
Teng
ReplyDeleteChanging government alone already have adverse implication to those government/UMMO/political dependent concessionaire.
The knee jerk impact will be immediate while material change in concessionaire deal will again laggard stock performance. Nevertheless, crisis mean golden chance for opportunist person like Fransic Yeoh, to take over YTL Power via share exchange...
I think YTLCorp sell YTLPower-wb at 48 cts. 8000 lots transacted
ReplyDeleteTeng
ReplyDelete100% right, there is no one else holding big stake of WB in the market which is all year low level now. But to YTL corp, WB is carry at cost of 10sen, which even selling at 48sen, still realize 400% windfall profit.
Teng,
ReplyDeleteI've decided sold off all YTL Power-WB at 48.5sen, realize one time contra loss.
Hng
ReplyDeleteYTLPower has diversified into non power and also overseas. DO you have the number how many % of revenue are from domestic power division?
Teng
ReplyDeleteI don't have the actual number with me, but you can check YTL power quarterly segement, which shown the breakdown of each segement contribution. If no mistaken, the Malaysia PPA contribute about 20% PBT.
Continue increase further stake of Tambun and Tambun-OR, bought more Tambun at 52.5-53sen, and Tambun-OR at 7.5sen
ReplyDeleteHng
ReplyDeleteMaybank investment called me to remind me last trading day of Tambun-OR is next monday. Told her I may sell or keep OR
Teng
ReplyDeleteDon't worry, you have my support. Tamun and Tambun-OR now are my top holding in portfolio now, more than 90% holding if opt to subscribe all my tambun-OR at 50sen.
Tambun-OR definitely worth more than current price, if not, just opt to subscribe right and entitle for both free warrant and dividend of 3.8sen, yield 7.6%net