Herbert, Pick up CJ at .09 yesterday. Awaiting the right time to sell.. TP 11 sen. or could it be higher?

wait until it is close to MAS, or may be 10 to 20 sen higher. Never know it could happen....

Dont think that dividend has any bearing toward upward movement. If there is any, must something else that will attract investors. It was darling of the market last few months, for what ever reasons. Has it lost its attraction?. Was told that business is still good, market all over the world. Now business in Europe is affected by eurozone and investors knew and in anticipation of the downturn of this ctr. Any possibilities or should we hold?

The next question...What will be the opening for the warrant... 10sens?. Mothers share very weak and demand below par. What happening?

falling softly....

Herbert that is a lot of info on market reactions and behaviour. Understanding the players and how they responded to prevailing market situation. Its questions of right timing and quick responses. And of course all within calculated risks and expectation. No wonder why I am losing 60% of the game since February this year.
Will continue to read your writing and comments. Thanks.

Thanks Herbert. Since i started to invest and trade, i try to avoid holding warrant until recently i realise that it is easier to earn profit from trading of warrant. Just sold my CJ on friday, but it was a bit too early to let it go. Will buy again CJ because it may go further up next week. Any other potential Air Asia warrants.

Herbert, is it worth to keep CJ or CM for conversion exercise in Nov if mother shares more than RM2.20?.

no announcement on listing of warrant till today.

For the last 3 consecutive trading days, the price fell to between 1.06 to 1.08 in morning and afternoon trading. At 4.00pm buying activities start aggressively and it pushed the price to between 1.11 to 1.15. Still no clue what is their game and what they are up to? You can actually do intra-day trading.

When is the dividend payout tentatively?

and the coming of Lion Air will kill further AA.

Should there was no heavy beating on KLSE last two days, CSL sure have done its normal thing i.e. fly high. Wondering what going on, and why some people accumulating. Still looking for a clue.

The market aggressively going down. Most counters going for 30%-40% discount. CSL defensively maintaining. How long?

If you have not read this articles by Bonesvythe Stock Watch, may be is good to see their view on CSL. Extract of the opinion:

“Well, what is so special in CSL. Fundamentally looking at CSL, they are just another typical china company listed in the KLSE. Well, interestingly, CSL had been going through some corporate exercises that on the basis of 1 warrant for 2 mother shares held. Could this be a good event for CSL to spike higher? Probably we would like to look at some charts to ascertain this.

Looking at the manner how CSL had been accumulated with a good bullish candle, accommodated with good accumulation for 2 weeks, the starting spike that had been signaled off last Friday might be a good start for CSL to be heading higher as it finally breaks the barrier of RM 1.15.

On a good short outlook, should we be able to look at good volume in the coming days, I believe CSL had no problems in hitting RM 1.25 in a short note, while not erasing RM 1.35 in the coming days.

Bone's short term TP: RM 1.25".

Dont sell yet. The price falling and ex not clear. My sifu say hold.

Nothing wrong with the Company. Should pick up tomorrow...at early trading.

Yeah, understand - it is a free market.But why so many regulations and why many practice notes and guidance notes issued buy SC. Why should SC issue UMA’s . Isn’t that for investors protection ? Why discriminate when it came to manipulation by big investment bank/trading house?

This is really a day light robbery. And, at the other end of the street, a policeman (regulators such as BSKL, SC etc.) are watching passively. Now it is normal and ok for anyone to do the followings;
a. Shout to the public that a counter has drop in value, moved the price by selling down. Quickly pick up when it is low. I doesn’t matter if ppl are watching you.
b. Spread rumours that you will take over the company, inject assets, pump in projects, on joint venture arrangement (and put high illogical value to it) and prospect of winning a contract. Once the price is at peak, slowly sell down. Ultimately call press conference to indicate it may be aborted or denying your involvement.
The best part is that you can keep on repeating the same scam.
I think that makes KLSE the best, most defensive and most interesting bourse in the world.

Why is CJ keep falling. Expiring date Nov. Conversion rate 4:1 and exercise price RM2.10 which far below the current price. CJ now is real cheap. Mother shares have not fall below RM2.10 since Feb 12. Between now and Nov, will mother shares fall to 2011 level?? Its sure monies? May be 80% chances it will not fall below. May be the risk will be if election in Oct/Nov. How do others view this??

Still could not understand.

I am not a sifu.Thats just a rough and conservative estimate. That is minimum expectation. It could differ and in investment i did a lot of mistake too. Hope it be higher to cover my cost RM1.27.

As Juinming had said, the Board of CSL had decided that the exercise price will be RM1.15 per share based on average price for no of trading day before their decision. The csl BOD also decided a premium of 10% over the exercise price, which will became an opening price for the warrant. So the estimated opening price of the warrant will be RM0.115. If the market is Ok, it may pushed to 15sen. Based on 15sen (and based on bonus ratio 1:2) each mother shares will now worth 7 sen more at the prevailing market price. If you sell mother share at RM1.18 and warrant at 15 sen, you are actually selling in total at RM1.25 per share. If your cost is RM1.15 you actually earned 10sen per share.

I think that how it work; if this understanding is grossly wrong can somebody please correct me.

Pls check with your sifu. I think it will be ex on Monday and you are already entitled for the warrant. As sales take 2-3 day to clear, and if you sell it on Monday, your name will still be appearing on the 12 September 2012. Its important in the event that the mother shares drop sharply on Monday,action must be taken quick. Can anybody help on this!

Now crossing fingers. Hope no selling pressure new week. Otherwise very minimum impact on our profit. Will the price maintainable at 1.18 next week??

Yes right, it has a book value of almost 1bil. But investor has lowered their expectation on construction companies. In construction industries it is not easy to contract higher profit. Now days 6 to 7% are considered lucrative. The Government are cleverer now days. The most they will allow 5% profit. Contractor will have that 5% cover all the unexpected cost ie. price material increase, labour shortage, project delay, cost overrun and all sort of costs coming in during construction period. Without strict cost control, expected profit can swing severely and became huge losses.
May be can enter a lower price when it really stabilised. Butthe last 2 months it has been falling and it has yet to stop.
On news that construction company won contract, there will be small waves to move up the price. Moment later it will drop. That also happened to AZ, TRC etc.

No. you have to wait until its Ex, probably on 10/9/2010.

Why is it moving down??

Now its moving slowly. fly..fly

faizal,

Correct the ex date will be on the 10/9/2012. Therefore the last trading day will be tommorrow. If the price still not moving up, there could be fire awaiting on 10/9/2012.

no supportline. It's free fall. A 20 over million loss company will take years to recover. Unless it could gain 3o million profit yr 2013 then its has prospect. Ampang project is yet to commence. VO from Gemas project is uncertain and won't be easy. So why wait??

who are they? A known party? Must IB CIMB or foreign bank.

careful of foreign fund pulling out.

The Star reported that "The company said it would formulate a regularisation plan to address its PN17 status. The company, among other things, was required to submit a regularisation plan on possible changes in its business direction and policy to the Securities Commission and Bursa Malaysia within 12 months from the date it was ascribed the PN17 status, or face delisting". 12 month end on 28 Feb 2012.

The preliminary plans include capital reduction, rights issue, debt settlement involving cash repayment and terming out of part of the liabilities, debt to equity conversion, waiver of debt and liquidation of subsidiaries.

and then in May at SB's AGM it Chairman said that SB will be regularised before discussing the entrance of a white knight.

and then nothing happen after that.

It look like stakeholders including the creditors and banks are not agreeable with their plans.

Meanwhile the price from 16 sen to 7 sen today.

unsung idiot club continue.

Mat,
Good investment strategy on SB. Myself too has been "force" to accumulate to almost 1000 lots. It may not be a big amount, but assuming all go burst, it will be painful.

No question of the ROI if SB is finally revived. It surely be more that your 50% target. I would expect minimum 300%. Time is not the issue. We will till end 2013. The only worry is what would be the ultimate support level. It goes deeper everyday into the black hole. Another company is suing over 100Million yesterday.

Now, the price is going further south to 6 or 5 sen. Will it stop there? Should we add on to reduce the gap with our average price?

What's our strategy now? Will your 10sen AP will good enough? Hope you don’t mind sharing.

It has been oversold. It will stop here + and -. For 20 days it has gone 40% down. That is enough. The problems are for other defensive stock. Will they be able to sustain if klci goes to 1620 or even lower. Just get ready!!!!

KC,
Will not be surprised if it bound back soon. Fundamentally its still strong. Worries is only on its prospect to sustain performance. Look like year 2012 is still a good year.

Yes, now shifting portfolio from penny to a more defensive stocks in facing uncertainties. Must move now before its too late!

Can enter now? At .92 or .93 look stable. Or will it go back to October last year level ie. 40sen. So so scary..

Thank u nick, for the info.

Found this somewhere.

'Price Adjustment may not be made and the previous closing price will be presented as “N/A” on ex-date when the bonus issue of warrants/debt securities is for the existing shares."

Hope it is true. To wait until next week.

fevos,

I would smile all day if the mother shares will not be adjusted. Unfortunately CSL in its announcement to Bursa on 30/8/12 quotes:

'BONUS ISSUE OF 596,295,388 WARRANTS IN CSL ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF SGD0.001 EACH IN CSL HELD BY THE ENTITLED SHAREHOLDERS OF CSL.

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Bonus Issue" ] as from : [ 10 September 2012 ]

2) The last date of lodgement : [ 12 September 2012 ]

I would love and hope that what you say is true. Really because i am waiting to get out of this mess.

Penny stock,fly high and drop sharply and never recover.

Skipz,

Definitely the mother shares will be adjusted after ex because the warrant will be paid via CSL premium account. If the premium acc. is affected, net worth will reduced and new price to be reflected. Question are how much lower will it be adjusted and what is the price of warrant to compensate.
If balance then status quo, otherwise ready for higher losses. Can anybody share/verify this.

CSL has moved from 1.12 to1 1.16. When will it move? Last day trading before Ex will be on friday. What will happen this week? Anybody!

CYBERT Directors had aborted capital restructuring plan. Profit to may 12 1 million over only. Risk that it may go done substantially may not happen. Dont know? Upward potential also may also not happen. Here i am stuck at 0.315.

Was told that the unliftment announcement will not come today. It will only be out end of September pending some finalisation of certain statutory doc. But with out it THH is still ok. it will move on. I think so!

Playlj.

What it mean by "the warrant will be price at RM1.15" as announced by CSL. Could it possible that opening price of the warrant RM1.15?? Sorry still new..

The report was issued after 5.pm today. So could we expect something tomorrow. It sleeping at 5.00pm. Will see what happen. But the list its report small profit previously it shoot up more .20sen.

Can we predict that the price will be pushed on the eleventh hour ie. on 7 Sept the last trading or one or two days before it goes ex on 10 Sep. Saw it happen on few stocks.?? Sorry still learning.