RCECAP-PR LOL !!

 

 

1. RCECAP-PR - My dealer called me and told me that all my units sold at 0.005sen. ^^ As this is an market order, i will be charged according to dealer brokerage rate instead of online brokerage rate. :( This preference share is not worth taking up at all. Mother price currently trading at 0.31sen and the preference shares will be subscribed at 0.38sen. What a different. !!! I wonder who will take up all the rights ?

 

2. FABER - Look attractive again. ^^ Will buy in if tomorrow dip further. ^^

 

3. GLOMAC - Still pending the dividend declaration. :(

 

4. BREM - Drop 2sen. :(

 

5. TENAGA - No show. :(

 

6. Watch List - FABER, TENAGA, IGBREIT, GAB

 

7. Good Luck.

Next Week Market Will Start Charging Since Holiday Over !!!

 

 

1. RCECAP - Sold them off at 0.475sen. ^^ It went up as high as 0.485 after a 1.5sen dividend announced.

 

2. IVORY - Q result seem fantastic but i think could be one off revaluation of property that causes a big jump in profit. Nevertheless, it is good enough to spur the price up further hopefully. ^^

 

3. MNRB - 17sen dividend announced.

 

4. KSL - Started to move. ^^

 

5. Watch List - HAPSENG, MALTON, IVORY, NAIM, KPS, SAM, KSL, MNRB, APOLLO

 

6. Teng, DIJARCO is having Rigth Issue ratio of 4:5 at 1.20. This right issue exercise price seem high, there is not much discount from the underlying stock. :(

 

7. Good Luck.

Make Money Every SIngle Day !!!

 

 

1. RCECAP - Sold partially again at RM0.475. Just declared 1.5sen dividend. Hope more upside tomorrow. ^^

 

2. IVORY - Follow hng, buy in ivory at 0.52sen. Let's huat. ^^ :)

 

3. APOLLO - Did not expect this one !!! Bought it back again and with lower cost at RM3.24. ^^ Just declared 20sen dividend. Surge again tomorrow ?? We will wait and see. ^^ :)

 

4. I did a look back on my trading record. I noticed i make money almost on every single day since July 2012. ^^ Wow !!! did not expect such a good trades from me so far. Consistently if i can maintain my winning record till year end, it would most likely surpassing my investment earning of year 2011. Trading as such become a daily affair for me. I am currently at 65% of my previous year earning, 3 more months for me to break previous record. Hope i can achieve that. ^^

 

5. Watch List - RCECAP, IVORY, APOLLO, DIJARCO, HUNZPTY, YILAI

 

6. Good Luck. ^^

Scalp Trades Dated 28/8/2012

1. SUNREIT - Buy more at 1.44.

2. RCECAP - Sold partially at 0.475. ^^

3. AFFIN-CF - Net worth for today is 0.1707. Buffer shrink to 0.0107sen. Hope to gain at least 1sen here.

 

4. BJTOTO - Last minute surge. Something on ?

 

5. Watch List - IVORY, BJTOTO, SUNREIT, KSL, MBSB, YILAI, WCT, FABER, OSKPROP

 

6. All the best & Good Luck.

OSKPROP Right Issue Over Subscribed By 54.16%

 

 

1. OSKPROP - The Rights Issue with Warrants as at 5.00 p.m. on 16 August 2012 are set out in table below:-

	No. of Rights Shares	%
Acceptances	18,105,096	96.59
Excess applications	10,790,838	57.57
Total acceptances and excess applications	28,895,934	154.16
Total Rights Shares available for subscription	18,744,703	100.00
Over subscription	10,151,231	54.16

2. AFFIN-CF - Bought in at 0.16sen. The current net worth on this Call Warrant is around 0.1733 as we enter the 2nd day of cash settlement. I will try to buy more with my limited fund available on Monday if the underlying share price remain steady. ^^

 

3. RCECAP - Aim for it 1.5sen dividend anytime soon. Bought in at 0.47sen today. Hope for the best. Taking a risk here as their net profit for 1Q has shrink a lot. :(

 

4. APOLLO - Price steady at 3.26. ^^ Will announce 20sen dividend soon but even with that, the ex-date is relatively long in DEC 2012 or so. :(

 

5. GAB - Beautifully chalk up 30sen today while pending for the propose dividend announcement of more than 44sen maybe. The actual dividend announcement will be around OCT 2012.

 

6. Watch List - OSKPROP, APOLLO, RCECAP, AFFIN-CF

 

7. Good Luck. !!!
- Right issue

KASSETS - Can Someone Clarify This ??

1. KASSETS - Will trying to buy this but i am concern on Tay SK questions below. Is that true that Capital Repayment take 6 months to realize and distribution of IGB REIT take a month to complete from listing date?? If that is so, capital will be tied down for sometime :( We might lose out opportunity time if somehow there is one come around. :( Can someone clarify this ??

Tay SK said...

I was wondering why people would be buying ABOVE the value of 8.98 for KASSETS. Why give it a premium when IGBREIT at 1.25 is only giving indicative yield of 5.1%? i scare there is not much upside to the igbreit price anymore. Frm my knowledge, the capital repayment will take place within 6 months so your 25% capital will "locked in" without earning money if buying at a premium. I note that the distribution in specie may take up to a month frm listing date to be completed. Please correct me if wrong. :)

2. FABER - Bought in at RM1.32. ^^ :). Join in the club.

3. RCECAP - Sold all at 0.475. Half sen profit. ^^ :)

4. OSKPROP - Offering Condominiums and unique waterfront & garden-front luxury villas in Cyberjaya. Understand that phase 1 Condominiums already sold out and phase 2 is now open for sale. The Luxury Villas is from 1.4m onwards. Wow truly high class and unique. Hope this is a vibrant village and coming 2Q will have better result. ^^ :)

5. WCT - Congratz to hng and those that join in the club. Looks very promising. ^^ :) Multi-5 figures profit should be reachable. All the best to all.

6. Watch List - KASSETS, OSKPROP, WCT, FABER, RCECAP

7. Good Luck !!!

What You Get If Holding 1000 Kris Assets Shares ?

1. RCECAP - Bought in at 0.47sen. I am not recommending this stock, my way of trading this stock is simple. I am striking for quick scalp gain here not intended for long holding, so comrades please don't follow if you are looking for big gain. I think RCECAP will be due to declare 1.5sen dividend either tomorrow or next week couple with 1Q result. Earning half sen to 1 sen should not be a problem. :) ^^

2. KASSETS - Wow !! garner 18sen today :( I just gone through the proposal and i extracted the below :-

Meaning if i hold 1000 KASSETS shares, first i will be giving distribution units of IGB REIT 5240 shares, secondly i will get back some cash of RM2431.94.

Which mean if i buy KASSETS now at RM8.95, after offset the cash that i get back ( 8950 - 2431.94 = 6518.06) and divide by the no. of distribution units RM6518.06 / 5240 = RM1.24. Every IGB REIT will cost me RM1.24. The indicative IPO price is at RM1.25. Save 1sen here. ^^ :) Look like not a bad deal after all. Is that so simple ??

3. Watch List - WCT, OSKPROP, RCECAP, KASSETS

4. hng, congratz on you WCT-WB. :) ^^

5. I just received my dividend on WTK and BJTOTO. :) ^^

RCECAP Multiple Proposals

1. RCE CAPITAL BERHAD ("RCE" OR "COMPANY")
- Proposed Bonus Issue 1:2
- Proposed Rights Issue 2:5
- Proposed Exemption
- Proposed Increase In Authorised Share Capital
- Proposed Amendments I
- Proposed Amendments II

2. Proposed Bonus Issue - 1 Bonus Share for every 2 existing shares held.

A. Share Issued = 782,395,174
B. Bonus Shares = 391,197,587 (Bonus Shares will be issued)
A. + B. = 1,173,592,761

3. Proposed Rights Issue - 2 right shares for every 5 shares held after the above proposed bonus issue. Total 479,198,444 of rights.

RCECAP shares will be enlarged as follows :-

A. Share Issued = 1,173,592,761
B. Rights Shares = 479,198,444

A + B = 1,652,791,205

4. Share Issued will be enlarged to 2.11 times, almost half the size of PBBANK. Really large and turning to big boy eventually ? Not at all, with only RM100millions profit, it is still chicken feet compare to super big boy like PBBANK. Nevertheless, with above proposals RCECAP at least creating some big show here.

4. Good Luck all.

Received CMMT's First Maiden Dividend

1. Just gotten a cheque of CMMT dividend. Wonder why not in eDividend ? Probably is still in the process of converting to eDividend ? I expect more to be coming in next week. :)

2. Just received my GENM-CL cash settlement. :) Coming on the right time for a higher margin of trade for me.

3. One of the stock, which i now rate it as gamble, but this gamble could turn out to be a very fruitful stock. It can be considered as one of the lowest PE, highest margins and highest ROA to its total assets under the finance sector. Yes, it is none other than this stock RCECAP, from the same chairman of AMMB Tan Sri Dato' Azman Hashim. The "temporary" or it could be turned out to be permanent set back of this company is 90% of it turnover is now currently withheld as KOWAJA has stopped the loan disbursement since early this year. I could forsee it next quarter could be ugly. :( Nevertheless, i believe the current disruption could be just a temporary hiccup. It will be soon resolved when the negotiation is finalised. Current price at 0.515 is trading a PE of around 3.65sen which is extremely low. :) Comparing to its previous private placement price at 0.55 a piece is about 6% discount. I would think it is reasonable to scoop this stock if it ever dip below 0.50sen. :) because if this tussle is overed, this guy could easily go back at > 60sen level and i do agreed with hng comments below :-

hng said...

horse

So far there is no any new development on kowaja loan disbursement, but RCE director keep accumulating share in open market may send signal that issue will be eventually settle sooner or later.

I'm still opine that RCE is undervalue financial stock or at least by Q4 result, there won't be any significant financial impact and by then RCE is also due to declare final dividend. Nonetheless, for now until its Q4 result, I'll still opt for trading buy on RCE while waiting for kewaja issue iron out and awaiting final dividend.

Scalp Trade on Gamuda-CK

1. Wow, a strong start for year 2011. KLCI garnered 14+ points and make a record high in the history of Malaysia market.

2. Today, I did a quick intraday trade on Gamuda-CK, bought them at 0.415 and sold them off at 0.425. :) What a day !! The stock market seem like very bullish in the starting day of year 2011. Gamuda seem to have gain momentum, further upside is still possible. Worth taking a look tomorrow.

3. A lot of stocks under my radar list. Most of them already named by hng in previous post. There are Homeritz, Rcecap, Deleum and another favourite of mine Pantech. All these may require to keep for mid term to long term for at least 6 months minimum. :) Other than what listed, Golden Agri (S) still worth considering even at S$0.80. :)

4. Honda Insight (picture above) a hybrid car that cost RM98K. Worth considering. :) I might consider buying it. :)