TRADES DATE : 2/9/2013
TRADES DATE : 3/9/2013
TRADES DATE : 5/9/2013
TRADES DATE : 6/9/2013
1. WATCH LIST : KPS, PUNCAK, YTL, YTLPOWR, YTLPOWR-WB
2. YTLP-WB - Average up my purchase price on this. ^^ Hope everything turns up good. ^^
3. Good Luck. !!!
56 comments:
Like to ask sifu here
Some counters,eg GOB has 'R'character( only shown in Malacca Securities system but not Maybank)
What does R mean?Malacca Securities system say R is reserved.
YTL corp being index stock and yet share price bashed down so severely to all year low level, must now awaken already. Must play catch up now.....
Time for YTLP to move up above RM 1.70, YTLP-WB still dragging behind should play catch up to match it mum performance, and trade at premium instead of discount now.
Teng,
The R is refer to a company if not mistaken. This company maintain a group of listed counters who registered under them where they provide some services to these group of listed companies. I read it somewhere before but forgotten already where I read it. Will update you their website if I found it again.
Bought more ytlp-wb today at 0.465.
horse
Good move, my portfolio already full of YTLP-WB, YTLP and YTL. No much margin line available....:)
horse
Based on YTLP current share price at RM 1.70, its YTLP-WB should at least trade at 49sen. Buying at 46.5sen now, stand arbitrary of 5% gain already
Horse
Thanks
YTLcorp closed at 1.55 is definitely a good sign, it should follow more upside in the next few days to confirmed reversal trend
YTLP at 1.71, but YTLP-WB at 47.5sen only, further spreading the gap between the two. Expect market soon or later appreciate the potential of YTLP-WB. These arbitrary gap should be closing soon and trade at premium
hng,
Thanks. That is my last fund i have, all in Ytlp-wb now. Averaging up. Is a waiting games for me now. ^^
Hope it can go pass 0.50sen. YTLPWR closed at 1.71, WB should close up to go near at 0.50sen as well. ^^
Teng,
Please refer to below website for those counters with 'R'
http://www.insage.com.my/insage/
I think it is some sort of IR (Investor Relations) website for investors & shareholders to know more about the company that registered under the INSAGE. You can read more there.
Horse
Thanks for 'R' info
Despite some profit taking limit YTLP upside, but the uptrend remain intact. Continue share buyback will support share price. With cash hoard of RM 10 billion, there is no problem at all for YTLP to buyback another 10% stake follow by cancellation, reducing share volume to pave the way for eventual take over via share swap.
Hng
News/rumors that YTLP also eye Green packet's P1. Make no sense to acquire a company that use same technology.Furthermore,Wimax( use by both P1 and YES) are not preferred mobile technology. LTE is the trend
YTLP already have both wimax and LTE spectrum. If it want to buy P1, the only reason could be it wan to add more capacity by another 30MHz more in the 2.3GHz band (WiMAX network) and another 20MHz more of the 2.6GHz spectrum (4G-LTE) to expand and meet demand of its growing 1 Bestarinet project
I have swapping all my YTLcorp to add more YTLP-WB, by sold off all YTL corp at 1.55 and add more YTLP-WB at 47.5sen
i also add more ytlp-wb when it is 46.5, 47c & 47.5c. 60% holding is this stock only.
Its good move to allow share price down 1 sen since EPF want to sell large volume at last min at 1.70. It show no too rigid to maintain share price at certain level, as their purpose is to accumulate more share at low price and to cancel it later.
YTLP share already at overbought status (RSI = 78), today down 1 sen have neutralize effect and pave way for longer and sustainable uptrend.
YTLPOWR-WB（杨忠礼电力WB）
股价
目前股价：RM0.475
52周最高：RM0.555 (22/07/2013)
52周最低：RM0.369 (03/05/2013)
凭单概况
发行公司：杨忠礼电力（YTLPOWR，6742，主板基建组）
发行日期：2008年6月12日
交易期限：10年
截止日期：2018年6月11日
转换价格：RM1.21
关注原因
最近市面一直有谣传YTL有意私有化YTLPOWR，而且从YTLPOWR最近的一些企业动作可看出这种可能性其实是存在的。
首先，YTLPOWR的派息日益减少，2013年的全年净利虽然比前一年少，但仍然有14.78仙，可是该公司却只派出0.94仙，可说是历年来最低的股息。
接着，该公司在8月28日将占了股本约4%，总数2亿5000万股的库存股完全注销。
当股东们对此决定感到非常纳闷时，该公司又开始大手笔的从市场上回购自家股票。根据昨天（9月10日）大马交易网站的资料里显示，YTLPOWR目前的库存股已达到3202万股，短短一个多星期里会购了约2300万股。
而YTLPOWR的股价也从8月28日的RM1.54，逐步回升到目前的RM1.71。
公司一方面不愿派息，另一方面却注销库存股并且又大手笔回购股票，从这一连串的动作来看，其动机非常耐人寻味。
根据《资汇》第240期里透露，YTLPOWR的企业价值高达246亿。如果将这企业价值除以其总股数，相等于每股RM3.47，所以对大股东YTL来说，确实是有私有化YTLPOWR的吸引力的。
目前YTLPOWR-WB的母股高过转换价（RM1.21），所以此凭单属已到价。而且，如果此时以RM0.475买进YTLPOWR-WB，再付RM1.21转换成母股，总成本RM1.685，比起以RM1.71直接买进母股仍然有2.5仙的折价。
况且YTLPOWR应该值得更高的估价，而这也将会带动YTLPOWR-WB走高。
Sold YTLP-WB at 0.48. Bought them back at 0.475. ^^
Half sen profit. ^^
Wow!! YTLP is buying back it own shares aggressively. ^^
horse
After swap all YTLcorp to YTLP-WN today, I'm planning to swap again all my YTLP to YTLP-WB to boost YTLP-WB holding above 90% stake in the portfolio
Concentrate all capital and margin line on YTLP-WB is to capitalize its leverage of more than 3.5x and the fact that YTLP-WB still at discount status.
hng,
Your move is a good idea. YTLP-WB is trading at a discount right now, further more ytlp's price is very resilient with the shares buy back activities. I think the downside risk is low. You are right, doing so you can leverage > 3.5X, that is 3.5X return more than ytlp for every single cent move.
Good luck to you my friend. ^^
All aboard YTLP WB and HUAT !
YTLCorp and YTLPower GOOOO
Sold YTLP-WB at 0.485.
Bought back some at 0.48. ^^
Bought back all YTLP-WB at 0.48. ^^
Swap complete, sold off YTLP at 1.71, swap to YTLP-WB at 48sen
YTLP GOOOOO
YTLP-WB keep on chasing....
YTLP-WB still lagging behind.
horse
Don't worry, as long as YTLP continue share buyback, share price will gradually climb up with next target at RM 1.80 by end of these month. By then, YTLP-WB even may dragging behind, will definitely trade above 55sen (15% gain).
If investor have more holding power, just wait another few more month, YTLP share may hit RM 1.90 to RM 2.00 by end of these year, which YTLP-WB should trade 65-75sen (35%-55% gain)
hng,
will it possible ytlp buy p1,
if yes, kaput loh
ck5354
As earlier posted here, the possible reason could be :
YTLP already have both wimax and LTE spectrum. If it want to buy P1, the only reason could be it wan to add more capacity by another 30MHz more in the 2.3GHz band (WiMAX network) and another 20MHz more of the 2.6GHz spectrum (4G-LTE) to expand and meet demand of its growing 1 Bestarinet project.
The cost to acquire P1 require just around RM600m, compared to current Yes Wimax capex invested so far as much as RM 2.5b.
Remark: The cost refer to SK Telecom Co Ltd invested RM201.6 million in P1 for its 28.2 stake in the company.
ck5354
Another possible reason YTLP may acquire P1 is Packet One, with its licences in 2.3GHz and 2.6GHz, will run TD-LTE networks in parallel with its existing and widespread WiMAX systems, starting in the first half of 2014. Several companies from the WiMAX world are now working on dual-mode chipsets that will enable devices to support hybrid roll-outs.
Packet One has signed a technology cooperation agreement with China Mobile, aiming to spearhead TD-LTE technology in Malaysia and southeast Asia. With their combined trial, P1 will also learn how to scale up its roll-out, and with the Chinese giant driving TD-LTE adoption, a large number of ecosystem devices – including modems, routers and handsets – will come into the market in the next 1-2 years, driving prices down.
By contrast, YTL is yet to decide whether to stick with WiMAX or migrate to TD-LTE. If it decides to stay with WiMAX, that raises questions about its future viability. The rising availability and choice of TD-LTE devices over the coming 18 months will compare with limited options for WiMAX, giving LTE a rising competitive advantage. TD-LTE offers WiMAX operators the opportunity to join the large 3GPP ecosystem, and leverage benefits of economies of scale, roaming and network sharing.
Kamsia Hng
Interesting when observing the YTLP shares buyback. It first putting big block at lower price e.g 1.71 and keep buying 1.72 when the volume turn big. In other word, the buyback cover both prices (1.71 & 1.72), people selling 1.71, will hit their queue, same thing when 1.72 get big, they buy up. Repeat it queue at 1.70/1.71 when big seller bashed down 1.71 queue.
YTLP really mean it for this round of buyback judging the activities done so far. Privatisation YTLP maybe is for real this time round.^^
Good Luck. ^^
Hi Hng,
Sorry if I sound stupid, but if YTLP share buyback main purpose is to buyback share and accumulate as much as possible at lowest cost possible, why don't they depress the price further (ie sell aggressively before buying back)... that way, they possibly can buy ytlp at 1.6 or 1.5 instead of 1.7.
Eric Kang
Big ??? why don't they depress the price further (ie sell aggressively before buying back) !!!???
YTLP is listed company and buyback own share is granted approval by shareholder, YTLP can not manipulate its own share. The mandate is given for YTLP to buyback own share maximum 10% with option to sell back/cancel/redistribute as dividend in specie. YTLP already accumulate about 3.5% and cancel most of it last month and restart to buyback again.
Eric Kang
The main reason to buyback and later cancel share is to reduce total number of share. The reduction in YTLP share volume in turn decrease to number of new YTLcorp share to be issue under take over offer via share swap. Translating to reduce dilution impact on Yeoh family stake in YTLcorp
Eric
I think YTLP share has been sold down by EPF last 2-3 years.By not giving any dividend last 2 quarters,YTLP share also under selling pressure by some fund managers
Eric Kang
YTLP need to continue share buyback in order to accumulate more share, as even aggressive share buyback, it current treasury share only reach at 0.57%. To accumulate more share, it need to bid for higher price to entice more people selling to them especially EPF. Still long way to go, to at least reach 3.5% like early these year and expect cancellation again.
Thanks Hng!
Today, YTLP buyback 79% of today total volume, total 11,862,800 share, paid for RM 20,392,658, translating to average purchase price at RM 1.719, increase treasury stake 0.17% to 0.74% now.
horse
Based on YTLP aggressive share buyback, i think there is urgency for them to buyback and cancel later to reduce total number of YTLP share as soon as possible to pave way for upcoming privatization via share swap.
Thanks hng.
For those who on board on YTLP-WB.
HUAT ARrrrrrrrr !!!!
Hng
Possible privatisation via selective capital repayment?YTLCorp need not do share swap or come out with any cash
Of course,YTLP can continue its aggresive share buy back and after some time,YTLP is 'privitize'. ( but YTLP need shareholder mandate everytime 10% sharebuyback limit )
Teng
Possible, but unlikely as if selective capital repayment, then there is no urgency to cancel treasury share to reduce total number of share. In selective capital repayment, its can exclude treasury share in accounting to calculate amount of capital repayment. Instead, YTLP opt for cancellation treasury share have direct impact to reduce total number of share and is justifiable as reduce new YTLcorp to be issue to swap YTLP share. In addition, selective capital repayment involve capital outlay from YTLP cash hoard (RM 9600m), which will depleting more than half of it current cash. (45% minority shareholding = 3150m share x RM 2.00 = RM 6300m)
horse
I suspect 1 lot after 1 lot is strategy adopt by YTLP to force seller to sell their share at lower bid, which they already standby q to buy already. Remember, YTLP strategy is to buy as much number of share but at lowest cost possible. However, if seller lack of response and seller volume getting build up, then YTLP no choice but to engulf it
Hi Hng,
Does that mean that YTLP management can only buy stocks, but unable to sell?
The shares purchased by the Company pursuant to the Proposed Share Buy-Back may be dealt with by the Directors in all or any of the following manner:-
(a) the shares so purchased may be cancelled; and/or
(b) the shares so purchased may be retained in treasury for distribution as dividend to the shareholders and/or resold on the market of Bursa Securities and/or subsequently cancelled; and/or
(c) part of the shares so purchased may be retained as treasury shares with the remainder being cancelled.
AND THAT such authority shall commence upon the passing of this resolution, until the conclusion of the next Annual
Focal very strong.
horse
YTLP share buyback more than 88% of today total volume, accumulate another 8.83m share at average RM 1.729, increase treasury share stake by another 0.12% to 0.86% now.
Still long way to go (30 trading days or need 1.5 month) before reaching another 3.5% stake for second round cancellation again.
Next week YTLP-WB 50cents 'sap sap shui'
hng,
Yeah, i think still long way before reaching another 250m for cancellation.
Since the price is so resilient and can easily last till next month, maybe it is good to scalp trades YTLP as well beside waiting for YTLP-WB to catch up. ^^
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