DAY TRADES DATED : 14/10/2013
DAY TRADES DATED : 16/10/2013
DAY TRADES DATED : 17/10/2013
1. Nothing much from me. Just to show my last week trades.^^
2. Continue to embark on YTLP-WB. ^^ Currently already sitting handsome profit, hope to reap even more. ^^
3. Good Luck. ^^ Laughing All The Way To The Bank. ^^
32 comments:
Buyback 76% of today volume, range 1.86-1.89, increase 0.06% stake, cumulatively at 4.31% in treasury stock now.
Tomorrow, there will1 be 18m new listing from warrant conversion, hope trading can be aggressive, and YTLP sbb more than willing to absorb all.
still can enter?
Scalp trade. Buy Ytlp wb at 0.655 sold at 0.66. ^^
Just bank on ytlpwb will do.^^
Latest Maybank research report rule out privatization now, instead view current share buyback and cancellation is to increase YTL corp stake in YTLP from 55% to above 70% by 2014, which mean YTLP need to buyback first 10% cancel, follow by second tranche 10% cancel + and final third tranche for last round of 10% cancel to increase stake to above 70%
Lets examine again YTLP shareholding.
1. YTL corp 44.9%
2. Cornerstone Crest(Yeoh private control investment company): 6.35%
2. Yeoh and Son bhd: 3.73
3. Yeoh other family member: 0.74%
All in all, YTL corp which in turn control by Yeoh family (49.11%) only control 44.9% in YTLP and less than 7% in YTLP-WB (already opt for sale last year). However, if take into account Yeoh family direct stake, the control stake increase to 55.7%.
Nonetheless, the effective stake actual under Yeoh family is much lesser again as Yeoh family only control 49.11% in YTL crop, which control 44.9% = effective stake in actual is only 22%. If top up again Yeoh direct stake, the effective stake increase to 32.92%.
However, Yeoh family is expect to control more than 75% YTLP WB and as much as 87% entitlement of ESOS share. If all warrant converted and ESOS exercise, Yeoh direct stake will increase to 12% + 8.7% + 32.92% = 53.62%.
Thus, if Yeoh family wanna to increase their effective stake to above 70%, YTLP need to buyback first 10%, cancel all + buyback second batch 10%, cancel all + buyback third batch 10% and cancel all again to boost its stake to 73%.
The main reason Maybank research report rule out privatization now is that
'conditions not ripe for a share swap. YTLP has outperformed parent YTL Corp by 42% YTD, meaning a share swap at present would be more dilutive for the Yeoh family. A privitisation offer is hence unlikely in the near term. The swap ratio (YTL Corp / YTLP share price) is at its 18-month low, which means that YTL Corp is a better proposition for proponents of the privatization, in our view'
However, under my analysis, Yeoh family control effective stake in YTLP through YTL crop is only 22% (Yeoh family only control 49.11% in YTL crop, which control 44.9% in YTLP). Yeoh family have larger direct stake in YTLP through
1. Cornerstone Crest(Yeoh private control investment company): 6.35%
2. Yeoh and Son bhd: 3.73
3. Yeoh other family member: 0.74%
4. control more than 75% YTLP WB: 12%
5. 87% entitlement of ESOS share: 8.7%
Totaling direct stake is 31.52%.
Therefore, if privatization now, at higher ratio, example 1 YTLP: 1.5 YTL crop, it is in fact even dilution through Yeoh family indirect stake through YTL corp, but Yeoh gain more on its direct stake in YTLP
YTLP-WB if fully converted, enlarge YTLP share capital by 16%. YTL corp initially control more than 92% stake in YTLP-WB, but selloff both open market and off market, reduce stake to 66.74% and subsequently offer for sale for 20sen under 1 for 15 for YTL corp shareholder. All in all, i expect Yeoh family to engulf most of it and expect its stake now to as much as 75% in WB, which if fully converted, will increase Yeoh direct stake in YTLP by another 12%.
YTLP have ESOS, granted 10% of total capital to director. its first tranche ESOS exercise at RM 1.49 and second tranche exercise price at RM 1.65. Based on announcement in bursa, Yeoh family entitle 87% of these 2 tranche ESOS, with remaining offer to other independent director of YTLP.
Buyback 10.7m volume or 69.3% of today total volume, range 1.87-1.89, increase 0.14% stake, cumulative at 4.45% in treasury stock now
Thanks hng. ^^
Very informative. ^^
A lot of people still confuse about maximum 10% sbb and the impact of share cancellation on sbb which entitle to further purchase additional 10%. Lets relook again YTLP last year notice of AGM:
The maximum number of shares which may be purchased and/or held by the Company at any point of time pursuant to the Proposed Share Buy-Back shall not exceed ten per centum (10%) of the total issued and paid-up share capital of the Company for the time being quoted on Bursa Securities provided always that in the event that the Company ceases to hold all or any part of such shares as a result of, amongst others, cancellation of shares, sale of shares on the
market of Bursa Securities or distribution of treasury shares to shareholders as dividend in respect of shares bought back under the previous shareholder mandate for share buy-back which was obtained at the Annual General Meeting held
on 29 November 2011, the Company shall be entitled to further purchase and/or hold such additional number of shares as shall (in aggregate with the shares then still held by the Company) not exceed ten per centum (10%) of the total
issued and paid-up share capital of the Company for the time being quoted on Bursa Securities;
Horse
CSL moving up...
alwaywin111
Any stock you current holding?
horse
After due consideration, decided to buy New Nissan Serena, RM 149k (inclusive insurance).
Hng
Yltpowr-wb, cmsb, aax, tdm and padini
Buyback 13.4m share, or 88% of today total volume, range 1.88-1.90, increase another 0.19% stake, cumulatively at 4.64% in treasury stock now.
alwayswin111,
Too bad i have sold CSL for a small half sen gain the other day. ^^
As long as making money no regret. ^^
hng,
Nissan Serena is a good car, did you buy the Hybrid version or just the normal petrol ?
Serena quite spacious and look grand like Toyota ALphard. ^^
This MPV must be totally paid off by YTLP-WB. ^^
COngratz. ^^
I am still clinging tight with Ytlp-WB. ^^
Today YTLP inch higher to close at 1.90. ^^
Hope there will be more to come. ^^
horse
New Nissan Serena only have 1 type: Highwaystar, fully import, CBU, S-hybrid. Come with Navigator GPS cum DVD.
Other special free offer are:
1. Tinted glass, LLumar, security grade
2. Another rear DVD
3. Crystal plate number, car number, carpet, full petrol tank.
Need to get car loan of course, not yet realize all paper profit :D)
alwayswin111
If you willing to share, may i know your cost of each stock and reason to buy. Need to know some other potential stock. Thanks
horse
Already search in market, decided Nissan serena is the best MPV offer both brand news, value for money and comfort compared with others like Hyundai starex; SSanyong Stavic; Toyota Innova; Recons. Alphard, Estima.
hng,
What color of the car ?
This type of MPV common color mostly black or white. ^^
Silver, should be able get the car by these week :D)
Buyback 7m share, about 64% of today total volume, range 1.86-1.90, increase stake by another 0.09%, cumulatively at 4.72% in treasury stock now.
Hng
Congrats! Getting new feeling very shiok !
Kuala Lumpur, October 17, 2013
Tan Sri (Dr) Francis Yeoh was interviewed by Lorraine Hahn at the Global Entrepreneurship Summit 2013 in a session called ‘One-on-one Grill Session’, together with Edward Jung.
Update YesWimax/chrombook/1besterinet information
http://www.youtube.com/watch?v=zDI81sVnM-Y
Aiya, new Nissan serena only can get early next week. Need to wait another few more days. :(
Buyback 5.8m share, 53% of today total volume, range 1.87-1.90, increase another 0.09% stake, cumulatively at 4.82% in treasury stock now.
Went and see the serena. Fully imported. 2.0l not bad. Spacious, comfort & nice. ^^
horse
Grab one for yourself also :D)
The excise duty 0% for hybrid car is expire by end of these year, the budget seem no grant any extension. Next year, Serena may price higher !!
Budget 2014: MAA to seek extension of tax exemption on hybrid cars
THE Malaysian Automotive Association (MAA) will be appealing to the Government to extend the tax exemption on hybrid cars below 2,000cc, which ends this year.
“The association will be appealing to the Government for the incentive to be extended before they expire at the end of this year,” said MAA president Datuk Aishah Ahmad yesterday.
Hybrid cars have enjoyed tremendous sales growth in the past few years, after the Government introduced full import duty and excise duty exemptions for hybrid and electric cars and motorcycles two years ago under Budget 2011. The incentive applies to both completely-knocked-down and completely-built-up units.
One industry player who requested anonymity said he expected something “relating to tax exemptions on hybrid vehicles” to be made under the revised National Automotive Policy (NAP), which will be announced by year-end.
“We expect something under the NAP, where the policies are long term and provide better (long-term) insight for industry players. The policies under the budget however are short term and need to be regulated on an annual basis.”
An industry player that sells hybrid vehicles said he was disappointed that the tax exemption was not extended. “In a way, it was somewhat expected. But we’re hopeful that something will be announced under the NAP.”
According to statistics by the MAA, sales of hybrid vehicles were negligible before the exemption, with just 322 units recorded in 2010. This changed dramatically in 2011, with sales surging to 8,403 units.
It doubled to 15,355 units last year as more hybrid models were launched in the market. The hybrid car sales came from four marques, namely Honda (8,712 units), Toyota (5,653 units), Lexus (979 units) and Porsche (11 units).
On another note, an analyst said he expected car prices to be reduced slightly following the implementation of the goods and services tax (GST), which will take into effect from April 1, 2015.
“If the GST which is set at 6%, replaces sales tax, which is currently at 10%, then we do expect vehicle prices to reduce,” he said.
Meanwhile, Naza Group joint group executive chairman Datuk Wira SM Faisal SM Nasimuddin said the hybrid tax break would have given carmakers and importers a chance to reach that critical mass of energy efficient vehicle (EEV) sales to trigger local manufacturing.
“Hybrid cars could pave the way to the next generation of EEV technology and Malaysia should continue to position ourselves as receptive to new EEV technologies. EEVs are a sunrise technology and could well be the game changer for our local automotive industry. Perhaps something to consider next.”
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