This is why i am not a fan of that typical bonus justification statement "...to increase liquidity..." because it means some big holders can now throw easily. their original cost was vlow to start with and the bonus gives them license to cash in more quickly bcos the ex-bonus price looks deceptively cheaper than it was higher b4 bonus.

volume transacted also vsmall.

there has been more sell recently. and the done price is a downtrend too. but no panic sell from what i see. so maybe there is a rainbow at the end?

investor99, i would not know. but there seems enough assets within the Lion group IF they want to lend Lioncor a hand. the only notable buy Q is 3000@5.0sen as the SC decision draws nearer.

Scicom FA good.

holding steady at 4.4x despite a challenged index :)

to qualify, that was when 30.5 buy Q was nearly emptied.

60% of the buy Q volume that felt 30.5 was a good buy have disappeared. only a little transferred to 30.0 and 29.5.

The appearance of some have coincided with an over 40% increase in buy Q at 30.5/30.0 this morning from last evening. interesting....

Is HLIB selectively using morning star from weekly chart iso daily to promote? Since then bottoming down every day from 2.06 until 2.01 today. analysts!

dropping 8 days on the trot

obviously those who have been throwing since 89 seem to be unaware or can't be bothered or want to hold cash first.....

79.5 now.

Nice highway at this point. Only a small checkpoint at 33 for mother, none for WB.

No Room for Holocaust Denial in Germany - Deutsche Welle
www.dw.de/no-room-for-holocaust-denial-in-germany/a-1833619
Dec 23, 2005 - Germany's parliament passed legislation in 1985, making it a crime to deny the extermination of the Jews. In 1994, the law was tightened. Now ...

http://en.wikipedia.org/wiki/Laws_against_Holocaust_denial

some unfriendlies. dun worry abt it Christine. :)

EOD BUY RATES : tdy 36%, yday 28%, last fri 43%, thu 27%, wed 32%, tue 67%, mon 32%.

Takes quite some effort/news to move that 4b+ public float.

0.83 is not consolidating. it is a retrace to ex-bonus close price.

depends. there could be a delay to delisting pending an appeal or a saviour / white knight comes along...in this case it could be liondiv/ind as the current major shareholders.

another day of R-hand to L-hand it seems and hanging around 4.60

The conspiracy theorist in me says someone is trying industrial sabotage to stunt if not eliminate a rival. The price behaviour has been quite "unnatural" for weeks. But that's likely just me.

Today marks 3 calendar weeks since the RI listing application was submitted to the SC. By some recent standards, 3 weeks is kind of like the long end of the spectrum. So, tomorrow is the start of the 4th week. Should I rub my hands gleefully while staying anchored? Let's see the next 5 working days.

Good luck everyone and thx for all the +/- views there from which I learn more by the day.

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Posted by travoltakeong > Nov 10, 2014 05:03 PM | Report Abuse

I don't why.....but my gut feel tells me I am going to boogie soon....
Nomanland / SJ / 86868 / L2......Did you guys see anything unusual? hmmm... 1 to 2 weeks ...maybe less...

willing seller, willing buyer?
hmm, seems more like wayang seller, wayang buyer....
Friday and today same. Up first, then pressed red just after 4.15pm. Cun to 5mins.

Loading to spring with Q3 coming, hopefully.

In that Nanyang Siang Pau article, the downstreamers making noise are looking at short term gains for themselves, not the country. I believe some may be the culprits who declared imported steel with a little alloy as something else to steel to bypass tariff protection. Unethical.
The Greek problem is strong unions in almost every industry sector that make manufacturing not viable and hence dependency on other sectors such as tourism. There is also lack of infra growth.
Here we have lots of infra growth, so upstream domestic steel producers should be given a chance. I laud Indonesia's foresightedness in this area. Govt can help with tariffs and energy incentives.

investor99, the anti-dumping protection is supposedly to be decided in 1Q2015 from recent news posted here. that and enforcement of buy local steel would help Megasteel a lot as well as TNB rate hike now deferred to Jun2015. the land revaluation is what some vultures could be targeting. if lioncor gets an extension (next month?) from SC and policymakers walk their talk, i see a good turnaround story in the making. but that's me only. in the meantime, i just minimise risk bcos SC could rule differently with their own mind e.g. in the news : EPF as major stakeholder got no say in merger of cimb-rhb-mbsb. what the fish right?

CORRECT VERSION
Added scenario with HIBI:MK

d) if 1.6671, then
SUMATEC = 0.605
SKPETRO = 2.96
HIBISCUS= 1.13 unchanged

---------
Pr/Bk ratio of the pricier sector "peers" is >1.6.
So SUMATEC 0.60 is not without basis?

If ratio discounted 30% i.e. premium for the others, then
one has 0.405, near RI price.

---------
Sharing only.

that was at 0.86 (0021) vs 0.875 (0023)

price overtaken by 0023 already.

Traveltakeong: info only....

Closing last Friday : SUMATEC 0.32 / SKPETRO 3.08
Price/Book (mrq) aka Price/Equity : 0.8834 / 1.7317
Ratios in relative terms : 0.51x SKPETRO's / 1.96x SUMATEC's

Some scenarios for Pr/Bk aka Pr/Equity effect on Stock Price:

a) If unitised (i.e. 1), then
SUMATEC = 0.32/0.8834 = 0.365
SKPETRO = 3.08/1.7317 = 1.780

b) If 0.8834, then
SUMATEC = 0.32 unchanged
SKPETRO = 1.57 (3.08 x 0.8834/1.7317)

c) If 1.7317, then
SUMATEC = 0.63 (0.32 x 1.7317/0.8834)
SKPETRO = 3.08 unchanged

Info only.

thx to SJ, nomanland and ozzie for earlier replies to travolta. sorry, i just read back.

@travolta, re Price/Book (most recent quarter) on forum pg1817, kindly see below from http://www.investopedia.com/terms/p/price-to-bookratio.asp

DEFINITION of 'Price-To-Book Ratio - P/B Ratio'

A ratio used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.

Also known as the "price-equity ratio".

Calculated as :
Stock Price divided by (Total Assets - Intangible Assets & Liabilities)

Price-To-Book Ratio (P/B Ratio)
INVESTOPEDIA EXPLAINS 'Price-To-Book Ratio - P/B Ratio'

A lower P/B ratio COULD mean that the stock is undervalued. However, it COULD also mean that something is fundamentally wrong with the company. As with most ratios, be aware that this varies by industry.

This ratio also gives some idea of whether you're paying too much for what would be left if the company went bankrupt immediately.

http://www.bloomberg.com/quote/SMTC:MK / SAKP:MK 20141109 Sunday
SUMATEC 0.32 / SKPETRO 3.08
Current P/E Ratio (ttm) 1.4051 / 11.9984
Estimated P/E(-) - / 12.9958(01/2015)
Relative P/E vs FBMKLCI 0.0869 / 0.7425
Earnings Per Share (ttm) 0.2277 / 0.2567
Est. EPS - / 0.237(01/2015)
Est. PEG Ratio - / 0.3022
Market Cap (M MYR) 1,114.45 / 18,455.84
Shares Outstanding (M) 3,482.67 / 5,992.16
30 Day Average Volume 68,074,140/ 19,476,180
Price/Book (mrq) 0.8834 / 1.7317
Price/Sale (ttm) 36.0344 / 1.9625

Good plan. Can't wait to exclaim "(W)e're (B)ack" when the good times return.

Seeing what looks like profit-taking this past week. Freezer-ed mine.

yes, a revaluation can help. but what took them so long is the disturbing question.

Perwaja audited accounts submitted on the last possible day yesterday, or would have kena suspension. Over 1bn loss, 2x Lioncor's. Also got opinion disclaimer by independent auditors.

local steel is strategically important. policymakers should have been proactive these past years. now the situation is hurting the steel makers real bad. it did not have to come to this. maybe they want GLCs to pick these up on the cheap, who knows.

i sold my last lots today just to be safe. maybe wrong decision but i cannot predict what Bursa will do. still interested though, so will keep monitoring.

thx for plotting this forward-looking indicator. interesting to see if it truly advance reads an uptrend soon, like the last week of July.

policy plans could be too little too late for the local industry. until there is concrete and effective affirmative policy in action, i have moved to the sidelines.

Buy Q at 33.5 flashed gone at 1230 close. Up might be starting this afternoon.

But nonetheless, good for me to follow those who share their charting views. Can learn in the process.

I am not really an expert on charting and indicators. Earlier comment on the pattern formation was just an observation. :)

I agree with your opinion. Also, it will be 3 weeks come this Monday 10/11 since the RI applcn to the SC.

24/6-10/7 shape ends with dragonfly and looks not dissimilar to 16/10-04/11.

Accdg to S&P Capital IQ as of June, he/son own 17% direct. There is a Majaharta sdn bhd if it is 100% theirs, then total is 29.97%. Should the substantial others : SEDC, Citigroup, EPF, Deutsche Bank, Govt Pension Fund Global, Norges, JPMorgan, Nomura, Dimensional, Manulife, CIMB,....boycott?

oh, just shows that weak policy support is negatively affecting quite a few listed steel companies.

http://www.thestar.com.my/Business/Business-News/2014/11/03/Kinsteel-Perwaja-delay-in-submitting-audited-financial-data?style=biz

second that.