As a Long term "buy and hold" investor, i ignore all the "pops" and the "drops".

I'll only see if i have any spare cash to buy, if there is a substantial drop in the market .......
(For me, buying when the market is down, has helped me to limit my exposure to losses on any of the counters i am buying)

I don't have the courage to ride on a "roller coaster", so i'm pretty much on the sidelines now ........

I'll just watch the action from the sidelines and cheer you guys on .....

There has been a prediction of "The Pop and then The Drop" ......

It's normal, because when the market is up, there will be profit taking ....

The big question is what happens after "the Drop" .......

Jack, the last interim dividend was paid on 28th Sept 2011 and amounted to RM39 per lot.

They have declared another interim dividend to be paid end of this month i think.

(Sorry for the late response. I rarely check the stocks, i'm a long term "buy and hold" investor. Haven't touched my portfolio in months and the only reason why i'm back checking abit is because i needed to convert my YTLCement to YTL Corp. After which i'll be hibernating again ....)

The situation in the US is improving, though extremely slowly.
The correction unfortunately, was long overdue.

While it may have been a very fast, sharp & painful correction, normally in such cases, the recovery will also be faster.

It would have been better to name Greece or Italy as your example.

(By the way, it will also happen here, sooner or later.)

Would be a very nice early X'mas present ......

I beg to differ on the "learn to sell,rather than buy and hold mentality".
I am still using the passive "buy and hold strategy".

(After a hiatus of 10yrs, i started readjusting the portfolio on 28th July and completed the fine tuning on 5th October. No trades done since that date.)
I have just been watching the market ups and downs but not participating in the madness.

Anyway, now that the market appears to be recovering, my "newly adjusted" portfolio is doing rather well.

The passive "buy and hold strategy" can work for investors but it isn't suitable for traders.

I think when Bursa tried warning players on numerous occasions and failed, they had no choice but to do what they did......
If they had waited any longer, the price might have reached RM3 or beyond and intervening then would be even worse ....

JCY has been making losses in 2011 for the quarters leading up to the Thai floods ......
I am not sure if a profit for their last quarter could wipe out all the losses for the year ...
(NTA was only at RM0.4156 although the loss had reduced to 0.58 sen on 31/6/2011)

Isn't there only about 1 more week left before a decision on the takeover will be announced?

Looks like all the locals are net sellers and the foreigners are net buyers .....
Anyway, as long as there is volume, that's good news ......

I still believe this stock has value as a long term hold, so i'm still holding it .....

Errr ... as i said earlier, i don't have any Eng shares and would never buy any Eng shares ......

(Was just following the posts and giving my opinion which was basically advising caution .....)

I am a very long term "passive buy and hold" investor.

Volume still high today ...... hopefully more people (who were on the sidelines) will be getting back into the market ......

Announcement of a concession agreement with MAHB ..... no wonder .....

Tenaga is reporting it's losses (earnings) tomorrow?

The last 2 trading days, it has been moving up ... anyone know why?

I think like me, most "contrarians" base decisions on fundumentals and need to view their selections as picks that will need a minimum of around 3 years before they expect a turnaround .....

If i believe i have done my homework properly on the fundumentals and know i can afford to wait for at least 3 years before expecting any profits then i will invest .......

(The hardest part comes after investing when you have to hold on ..... because when the prices start dropping and fluctuating wildly, it is very easy to give into fear etc ......)

First time for a long time, the volume is quite large ......

Agree with the "Hold" recomendation
(Although my rationale is when i "know nothing", my safest course of action is to "do nothing" .....
Cannot escape from my "passive buy and hold strategy" .....)

21/10/2011 4,528,265 shares
Notification by Dato' Teh Eong Liang of intention to deal deal during closed period pending announcement of 2011 3Q results

TYK Capital has a paid up capital of RM1,000

It is buying Eng for RM246.4M in cash and Eng is providing it with RM80M loan for the balance of the purchase price.

Basically, it looks like TYK Capital will be using Eng's own cash reserves etc to purchase itself for TYK .....

Does this make sense to anyone?

Anyway, if this over simplification is true, then anything that erodes the cash etc of Eng will definately put the entire acquisition at risk ....

Please read the last 3 posts here and comment or advise

Those of us advising caution can find all sorts of reasons for our advice

Those wanting to buy/hold/accumulate can also find equally good reasons for their belief

That said, we are clearly divided and should agree that WE ALL DISAGREE

I don't think that anyone commenting here means anything personal by their remarks .... i do think however, that this discussion is getting abit too heated .....

I agree, earnings maybe "shakey" for quite awhile longer but this is fundumentally a very good counter for the long term ....

I believe that there are now New Hedge Funds which are "contrarian" funds .....

Only time will tell if their stance is the correct one ....

For me, i have always been a "contrarian" but i do so with my eyes wide open .....

2009 Interest Coverage Ratio was -12.549 In 2010 it was -225.877

From Investopedia
"The ability to stay current with interest payment obligations is absolutely critical for a company as a going concern. While the non-payment of debt principal is a seriously negative condition, a company finding itself in financial/operational difficulties can stay alive for quite some time as long as it is able to service its interest expenses.

In a more positive sense, prudent borrowing makes sense for most companies, but the operative word here is "prudent." Interest expenses affect a company's profitability, so the cost-benefit analysis dictates that borrowing money to fund a company's assets has to have a positive effect. An ample interest coverage ratio would be an indicator of this circumstance, as well as indicating substantial additional debt capacity."

Bought this for a long term hold knowing full well it will probably not make a profit for 2011 and 2012 but will most likely be back to normal by 2013 ....

Also bought Maybulk under the same premise ....

But i have faith that they will be able to return to profitability in 2013 .........

Does the cash and cash equivalents make up part of the NTA or NAV?

If it does then doesn't that mean that where operations are suspended but fixed costs still need to be paid that these balances will be eroded fairly quickly?

Also when i looked at the financials for this company the the Interest Coverage Ratio was in the negative ....
How will this impact the company under the current enviroment?

Dato Teh disposed of 700,000 shares?

I am an auntie who is admittedly also a small time investor without experience ....

That said, i agree with richard that it would be prudent to be cautious when playing this counter, especially now ....
(Note : i have not played this counter and never will but this discussion was interesting so i was following it)

I believe richard is an experienced investor and he is just sharing his knowledge with us, which is one of the reasons why alot of us read these blogs ..... we all want to learn .....

In hindsight we will all be able to see who was being brave and who was being foolhardy .... until that time .... it's anyone's guess ......

i agree with ganasai's analogy however, to be realistic, you have to remember that this takeover is going to have to be financed in some way .....

When a financial institution provides finance they need security and when the risk is heightened or when the value of the underlying security has diminished in some way, they will require a larger spread ......

Do the math and then make your own decision ......

Actually i think a bear market is when the market level is about 20% off it's highs

For example If the local market reached a high of say about 1600 then the bear market would start when the market is at the 1280 level ......

"Significant Loss" for Q4.
It would be prudent to exercise extra caution .......

At the moment, the ups and downs are not as important as the volume
What is encouraging to note is that there seems to be interest in the markets again ........

Hope you managed to buy then because you would have around 20 cents profit today ...... but i think this is a decent pick for the long term ......

Fair Value cut from RM2.50 to RM1.45
(There must be a good reason why this was done....)

I think that those playing this counter must be extra cautious .....

Even if the flood is over, it could be weeks before the full extent of the damage can be assessed. Insurance claims submitted etc. And months before operations will return to normal.......

I would suggest caution ........

If the price has dropped by so much, and i were Dato Teh, i'd just be buying up the shares on the open market .........

Been holding this stock since 1998 (was called MPlant then).
Am still holding until today and have no plans to sell it.
Sound fundumentals, good business plan moving forward and pays a dividend .........

Think 16 out of 17 EU countries voted already only Slovakia was a hiccup.....but that vote being re cast soon ......

Last 2 days all the locals taking profit and liquidating positions?

Bought this to finish up the leftover $ in my trust account.
Fundumentals seem sound and i felt i wouldn't lose my $ because i don't think it will drop by alot .....

Finally .......

I bought this for a long term hold. Seems to be fundumentally sound and pays a decent dividend.

There are hundreds of stocks to select from ....

If YTL has given you a bad experience, just move on .... (i have with other counters.... we all have been bitten at some time or another ....... and hopefully have learned our lessons well.....)

Harping on one stock and making derogatory remarks isn't the right way to move forward .....

Errr i'm a novice and know absolutely nothing about the markets ....

I started in 1998 by playing the penny stocks only ..... (was heeding the call of the then PM, to support to local market)
I am glad to say that i am still holding 8 of those "penny" counters today as they are now among the top 100 companies

Recently, (after more than a decade of hibernation) i readjusted my portfolio and switched over almost entirely to the the large cap counters (Top 100 companies by market capitalisation) that give a decent dividend and just spread my risk by investing in various sectors ....

I have no system for picking counters (nothing conventional anyway) and have no idea how to read the graphs.

I'm not investing in the proper way and hold at least 16 counters eventhough i know it should only be 5-10 at most ....

There are alot of good teachers here and they would be better equipped to give you very good advice (that's why i am also reading the stuff on this website because i also want to learn how to invest properly)

Still no volume ... so hard to see which way the market will be trending ....
Hoping for more consolidation .........

At least, it looks like most of the retail investors have managed to get out .... and are sidelined for now .....

For me, i have finished all my trades and i'm happy with my updated portfolio ....
Now it's time for me to hold and hibernate again .... well for the next few years anyway .....

Something to read and think about (from the Forbes Website)

Andrew Ross Sorkin shines a spotlight on the fact that the former Apple CEO and Forbes billionaire has never been public about his philanthropy. He briefly considers, though seems to dismiss, the possibility that Jobs has been an anonymous donor.

Sorkin does an admirable job of marshaling the evidence that Jobs has devoted much more energy to building wealth than to sharing it. But whether Jobs has been charitable or not, what he does with his money is his choice.

He refused to join the lineup of nearly 70 U.S. billionaires who have pledged to give away at least half their fortunes during life or at death. Facebook co-founders Mark Zuckerberg and Dustin Moskovitz are among those who have joined the philanthropic campaign led by Berkshire Hathawayâ??s Warren Buffett and Microsoft co-founder Bill Gates.

Portfolios are diversified. You will make on some and lose on others. What's important is that at the end of the day ..... you have a profit overall .......

If you get burned, the best thing to do is to move on and never get tempted into buying those counters again .....

Finally .......

I beg to differ though i don't hold any at the moment.
YTL is i believe a decent long term stock.
I have held YTLCement since 2000 and it has given me nothing but profits.
I am also holding YTLPower.