Actually it is the time for those who missed the other day when there was a general interest in steel counters. Just that the current sentiment temporarily halt the momentum and do them a favour and enable them to buy at lower price

Those going long should not really worry as ssteel is a company with strong fundamental. But for short term traders, you really have to consider carefully your options

Actually guys, we should be happy that mrcibaii is around. It indicates that some parties are very much interested in our ssteel counter. That is why he is trying to provoke very hardly so that he will manage to buy during this downtrend before the release of the result. He doesn't have much time left to accumulate

And will it really leads to higher EPS given everything else constant?

Share price will be adjusted after capital repayment. But does it mean that number of shares will be adjusted as well?

5 is not ambitious at all.. It is definitely achievable if the current supply and demand is sustainable. The game just merely started.

leslieroycarter @ joker is here again.. hahaha ! His presence indicate that ssteel is on uptrend soon coz he is trying to spread fake news around again ! Hahaha !

Inventories are measured at lower of cost or net realisable value while sales are measured at fair value of consideration received. If all the 700m inventories valued at cost are sold off, revenue could hit rm1 billion

http://www.theedgemarkets.com/article/southern-steel-may-rise-higher-says-rhb-retail-research

RHB immediate resistance RM2, next resistance RM2.50

Lots of room for price growth !

I personally foresee the next dividend distribution upon release of 1Q of FY18 somewhere in Nov 2017. Any final dividend declaration this month is somehow a bonus. If the current price can be maintained for 2018 coupled with robust demand, rm3.50 - rm4 is definitely achievable by this time next year. I think the rate of return is more than enough for most of us here. Cheers !

I personally target rm2.40 - rm2.50 for ssteel by end of the year. I have taken notice of heveaboard for some time since the government's decision to impose ban on export of rubberwood. Just that i do not have additional fund for other counters at the moment. Glad that pmetal made its way up too after a long rest. As long as the LME price is growing then there should be room for earnings growth

Come come hunger, letz find some quick bucks at ssteel. You can do some homework before deciding though

Warner, i am afraid that once quarter result is out, there will be difficulty to buy below rm1.80. Anyway, it depends on your holding term, whether long or short. If you are going long, short term dip is fine as it will rise as much as it falls and even greater than that. Worst case scenario, eps 5 perhaps for q2. How about pe 6 for 25sen eps @ rm1.80? It is still below rm1.80 now as ssteel has not turnaround for full year. Once the result is released and full year eps is green on bursa, it is hard to find rm1.80 again. Still, there might be some scare tactic between now and release of quarter result. Again, depends you are going long or short

They are challenging duty on wire rods and not long steel which is the current hot properties. Ssteel is bound to reach rm2 - rm2.10 by end of the month

Will it be like puncak soon?

Revenue and profit are secondary objectives. Dividend is the priority. If the management is too conservative and not enough revenue thus profit are generated, how will there be justifiable dividend return be paid out?

Why calvin need to hold so many stocks even in plantation sector alone? Is it that your wealth is so huge like kyy that you need to diversify into so many different counters? Even kyy didn't hold so many stocks. I guess you must be richer than him then. Or is it because you don't have as much confidence in selecting a particular stock, hoping that you will hit a jackpot by giving yourself more options? Just wondering..

For me, i will find the most undervalued counter in the industry to invest in due to its share price appreciation potential. When there is enough homework done, then 1 counter will do. Truat yoirself

Which banker interested to collect syf? What is the prospect of syf?

i guess he mean restock of those r6, r8, etc..

if you see value in alcom, then buy and average down. if you don't see value in alcom, then sell.

Write up so many articles to attract followers, actually in the end trying to hard sell own stock?

One off gain 9 eps also appropriate to annualise for tp?

Hi Mr. Ooi, maybe you have any idea on Ssteel or Annjoo?

Anyway please be informed that macq is only obliged to subscribe the minimum privately issued shares but they are free to dispose at open market after that or at anytime in fact. So feels like it is kinda public issue in disguise

Depends on macq strategy whether they wanna push it down to 3 sens to subscribe, but i will happily buy them at that price

It only states that the management shall undertake the remaining of 500m undersubscribed shares but never disclosed at what price will the shares be issued

Depends, the price shall increase gradually. But it remains unknown what price will macquarie subscribe netx as the hypothesis used today is different again, no longer 0.051

Mieco is planning to buy off SYF's particleboard producer, Great Platform Sdn Bhd, thus SYF's future earnings are expected to suffer in exchange for a one-off gain

syf is a gone case counter, selling one of its core profit making business

I think 1.60 - 1.65 is possible

They are so many penny stocks with potential to be speculated, why choose tiger?

Yes, gonna enjoy the ride for at least the next 12 months

Short term surge play perhaps more suitable for punters or speculative play?

Perhaps same as kyy bought hrc since 3 - 6 months back?

Usually longer term investors start buying slowly about 3 - 6 months before they anticipate the rest realise what is happening

If not mistaken, only annjoo has the option to switch usage to iron ore through its hybrid blast furnace-eaf. The rest are using scrap metal as input

how do you know that it is the bankers who acculumate them?

Inventories may include cost of finished goods that are not sold yet while inventories recognised as cost of sales refer to cost of finished goods that have been sold to customers

Hi jefflim. Sorry for the late reply, has been busy at work today. Glad that alcom made it up today. But for me personally, it is overvalued and more suitable for short term speculative play rather than long term investment. Anyway, i dont own any of alcom sharrs, so cant sell it to u. unless i am able to short it

Sorry Jefflim, sorry for causing so much trouble to you as I have forgotten to add in the following disclaimer, "MY COMMENTS ARE NOT MEANT AS A RECOMMENDATION TO BUY OR SELL. USE INFO ONLY AS YOU SEE FIT"

Yeah, indeed there will be support.. perhaps those late comers are those who will be supporting fellow alcomates while they make an exit

Jefflim's roi calculation is based on assumption that there will be a lot of people interested to support the share price even after the capital repayment so that fellow alcomates can make an exit happily

My personal opinion is that in order for aax to achieve consistent outstanding performance which is worth 0.70, the first criteria is for myr to appreciate to 4.00 against usd

The exercise of option is only upon achievement of certain vesting condition at the end of the vesting period somewhere in June 2019 as reported in bursa previously

edward, i think this is not an exercise of option by the MD but rather a grant of option by the Company due to achievement of certain criteria

Are you referring to the issue by RHB Investment? It can be downloaded for free at their website

Now is waiting for approval from bursa. Even after bursa's approval, the Company still need to hold an egm to approve the listing. So there is no such thing as any subscription at the moment. Merely an intention to subscribe thus far

supermx2, closing is 2.99.. i really can't see 2.97.. your words are really the truth.. nothing but the truth.. mark my words..lol

Argument is whether lion the ONLY net cash steel company