Could be that Mara looks to add more to their current stake but placed out at a discount? Not sure why it would trade below their initial price? Just a thought anyways.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1752637

Just submitted bonus issue listing application to Bursa. Expect Bursa to revert back in 10 market days.

Think they might stand to benefit from Budget 2015 announcement?

calvintaneng: Why have to caps lock everything you say? Wonder how many buy calls you've made in the past which have not materialised? Have you kept track of them? Or do you simply mentioned ones which have done well and take credit for it?

ying501, believe the price will be based on the ex-date. Which will only be announced post the EGM (usually same day)

EGM should be held in three weeks time for the bonus issue.

Guys, as expected, Bursa has approved PMetal's bonus issue (link: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1751633)

Bonus issue and share split in essence will not affect your share of the company's earnings. What will affect it is how the share price performs in response to those corporate exercises, which will affect the market value of your investment in the company.

Selim: Again if implemented/proposed, should be beneficial as it lowers the price per share (gives the appearance of the stock being cheaper)

Bursa normally takes about 10 working days (maximum) to process a bonus issue application (assuming all the information required are provided in full and is in order). Therefore, we should expect the news by end of next week I reckon.

This should boost trading liquidity for the counter I suppose.

FX Lee: haha, probably share the same view as you on your early post on the deputy finance minister.

Ozzie: As you rightly pointed out, its unlikely they will do a u-turn on the matter. Therefore, one would expect business owners to slowly accept the fact that they would have to comply with the requirements. There is simply not much time left for them to delay this issue at hand. Therefore, we should look to position ourselves in counters that stand to benefit from such a move. Given IFCA's position in the industry, one should expect further improvements in its financial position, which will ultimately translate to better share price performance.

Adrian123, same can be argued about all the these people that are appearing now with negative comments about the stock, citing it to be currently expensive and overvalued? Maybe they are scaring you further so they can accumulate on the cheap? Best if you look at the fundamentals and decide for yourself. Their business is relatively straightforward as its financial performance essentially rides on aluminium prices.

As my previous post quotes, the industry players themselves (not any local analysts/fund managers) believe the supply deficits will persist next year despite the recent massive rise in aluminium prices. The final call is for each investor to make on their own. Just base it on facts and not fear.

Of course, it is ultimately your own judgement call. That said, I will be holding my stock tightly. The noise will fade away!

I like this counter very much and currently hold it. If you ignore the speculators and punters of this counter, the counter has strong fundamentals with clear catalysts in the short/medium term.

As we all know, GST is expected to be effective from 1st April 2015 onwards. The government is unlikely to back away from implementing this policy given its fiscal position and commitment towards sustainable sources of income.

To encourage the registration of GST, the government has announced recently that companies eligible for the implementation of the GST but fail to register within the December 31 deadline will face stern actions from the authority. (Source: https://my.news.yahoo.com/register-face-stern-action-gst-155223287.html) Increasing efforts to educate business owners and awareness should lead to more companies to ensure their softwares are GST-compliant, which could be reflected into more business for IFCA should their customers heed the government's call.

This is also supported by an article from The Star which recently stated that "The registration rate was between 1,000 and 1,500 companies daily but since the start of the week, it had increased to between 2,000 and 2,500.", according to Deputy Finance Minister Datuk Chua Tee Yong. (Source: http://www.thestar.com.my/News/Nation/2014/09/26/More-companies-registering-for-GST-Chua-Govts-target-of-140000-is-still-way-off/)

Therefore, believe its best if you stick to the counter and ride supported by expected good financial performance in the next few quarters. The icing on the cake would obviously be better than expected growth in its Chinese operations. But even stripping that out or assuming no growth, one would reckon that the domestic business would be able to sustain current valuations.

In conclusion, the counter is a must have!

Think some investors are responding to the news that some aluminium smelters might resume their operations in light of the meteoric rise in aluminium prices (see link below)

What people still need to remember is that it was always inevitable that the people within the industry will look to respond so such rising prices (i.e. look to fill the supply deficit if it is economically feasible)

That said, the article also mentioned that some of the bigger players still won't begin operations till LME prices reach above USD2,500-2,700 per tonne (Rusal & Alcoa). If prices do touch that level, PMetal should expect that to be translated to much better financial performance for the coming period.

Most important part of that article stated the following "Despite possible restarts, Rusal forecasts a global market deficit of 1.2 million to 1.3 million tonnes next year, down from a deficit of 1.5 million this year, First Deputy Chief Executive Vladislav Soloviev said on Tuesday".

The expected resumption in some of the smelters will not be enough to swing the deficit position back into a surplus.

Investor's are overreacting and some are in a healthy position to cash out some of their profits (given PMetal's rally year-to-date). Don't lose track of the bigger picture (aluminium prices are still strong and healthy at the moment!). Stay invested.

http://www.reuters.com/article/2014/09/25/aluminium-smelter-restarts-idUSL6N0RQ3UU20140925