kartinie musa: You are a newbie and you've bought... CYBERT!!? Wow! You might well end up with a profit, of course, if things move your way. However, I hope you know what's going on with it? This is a highly volatile counter which speculators and sharks had pushed to 2.00 and then unloaded, resulting in many people getting burnt.

But don't panic after reading what I have said and immediately selling it tomorrow. At least you didn't buy earlier when it was dropping like a rock. It has now somewhat stabilised, so the risk is much lower. There *is* something called "beginner's luck", and for all you know, speculators might jump in to play it and push the price higher... and you will be thrilled:-) Good luck!

And one other question: Since the exercise price is 2.48 (only 4 sen away), I assume the CA will become more valuable (go higher) when the mother's price surpasses that, right?

alantm: Oh, that's how the 2:1 ratio works then. Thanks. So that means SKPetro will have to go up at least another 0.21 sen to reach that price. And that's not including the expenses. So I'm wondering, what's the logic in buying these call warrants? Why not just buy the mother share at 2.44 instead of the CA?

Can someone knowledgeable in call warrants clarify this please? The -CA's exercise price is 2.48, ratio 2, expires 4/3/13. SKPetro's closing price today is 2.44 while the CA is 0.085. So, assuming that the CA remains the same at 0.085, what does the mother's price need to be before one breaks even on the expiry date - is it 2.565?

Its day will come, and I think it might not be too far away. Oil & Gas counters are the performing counters right now. Petra Energy, Perdana, Wah Seong, SK Petro and most recently TH Heavy have seen rises. Alam Maritim is near the year's low so, provided its next quarter report isn't too bad, promises an upswing.

It went up 25 sen last week, with 11 sen on Friday alone. For a 1.00-plus counter, this is a lot. There surely has to be some correction. But despite the fall today, this counter is still promising. For one thing, it is below the IPO price.

Donpazac: I understand your situation very well. If we are in the market long enough, we *will* come across this situation; of the `savvy' practice of cutting loss... and then seeing it bounce back to our buying price and up.

Yes, cutting loss at a certain percentage is sensible, especially if one is a short-term trader. But only time will tell if it's the better decision. The problem is that we don't know the future.

From my experience, the most important thing to do is in analysing the company - if it is good, at a reasonable PE and pays regular dividends, then it's worth *investing* in (as opposed to speculating). I wouldn't sell to cut loss just because it falls. Instead, I would settle, dig in and wait. Sooner rather than later, it will go back up.

My most recent trades of this: YTL Power, bought at 1.72 in April. It went down and down; right until 1.50 or so. If I follow the 10% cut loss rule, I would have sold it at 1.55 and taken a hit of at least RM170 per lot (1,000). But I didn't. Since I'm convinced this is a good company, instead of selling, I not only held on but also bought more lots at this price. And sure enough, it climbed back up. So, instead of making a loss had I followed the cut loss `rule', I made a profit.

This is not to say the rule isn't good - it is. BUT one has to adapt and modify. It might serve us better not to religiously stick to something while ignoring that other `unscientific' asset - our gut feeling.

KC Loh - So you are a fund manager then? No wonder your comments and analysis are deep and thoughtful; like CP Teh and a few other people here. Glad to have you around.

This counter seems to have its share of fans despite the share price sliding over the past few weeks. Interesting. I agree with KC Loh about the worries over this company's financial health over the longer term. However, there might be the chance of making a few ringgit should there be a rebound. I'm going to watch its movements, if only because it has its strong supporters:-)

OSK has been rather quiet over the past couple of weeks or so. Waiting for news of the sale to RHB Capital. To the major shareholder: Come on lah... what's in it for us? Surely OSK can come up with a special dividend from the cash part of the sale. AT LEAST. That should be around 0.13 sen per share. But whatever, please announce something for us minority shareholders.

ashrizal1 - Besides the potential of an upswing next week, there is the chance to come in as an early investor in TKS from the preference shares offer. And this company is no doubt profitable, having contributed 70% of Tanjung Offshore's profit. But one will have to be really patient because it will take something like 2 years for it to be listed.

I'm going to see how it goes tomorrow and weigh the 3-1 reward to risk ratio. One strategy, if I come in, is this: aim for just the immediate capital gain (hopefully) and sell before the ex-date to those who are going for the dividend. The sole objective, after all, is to make a profit.

According to AmInvestment, the NTA after the disposal and dividend payment will be 0.46. OSK's fair value of it after this is at 0.50-something sen, although it also did mention that the company would be on a better financial footing since it will have less debts (see the links to these reports under "Headlines and Announcements").

But for traders, there is the *possibility* of an upswing next week due to the announcement. Actually, I'm still keen on buying. But at the same time, we should also be aware of the facts and figures: 35-44 sen dividend versus "What will it be after ex-dividend".

That might well be true:-) Has happened to me again and again, with the last one being UOADEV. With Tanjung Offshore, I think it will go up next week... especially when the quantum is announced. But what I'm more concerned now is the ex-price, for this will decide whether one wins or loses.

I've followed up on 03pm's opinions and yes, it is more complicated than what I had previously thought. The 44 sen dividend was already mentioned on 28 June and even earlier - this was at a time when the price was around 0.75 sen or so. AmInvest isn't favourable of this sale. Besides the dividend, investors will also be able to subscribe to preference shares in TKS. However, it won't be listed until about 2 years later.

Now this is creating a headache and also doubts for me. Maybe I had already missed the good chance of coming out in the plus after the ex-date by not buying earlier; before it went to more than 0.90. There is still the possibility of speculators jumping in, of course. But now, at this price, the ex-date risk looks a lot bigger. Will have to do more research, thinking and discussing about this one.

Thanks, I will. Going to see that announcement at BSKL's website. If that is so, then why are they calling it "special dividend" and not "capital repayment"??

Is Tanjung Offshore selling off its O & G business?? I don't think so.

I've been reading whatever material I can find on it today, including the 2011 annual report and 2012's first quarter. The more I read and think, the more attractive it becomes. Yes, that 35-44 sen dividend especially - the potential of big $$$ credited in the account is really enchanting:-)

What the price will be after the ex-date - this is the risk that we will have to take. I'm trying to figure out the best way to "have our cake and eat it too", i.e. in getting the fat dividend AND not losing too much after the ex-date. Or the equivalent in making capital gains by `chickening out' (selling before the ex-date). But for the latter, the price will have to go high enough, of course.

My theory is this: (1) the dividend will be more than 35 sen - I'm speculating at 39 sen at least. That's because most of the B warrants aren't likely to be converted. By the way, there are 30.5 million A warrants and 40.7 million "B".

(2) there will be a surge in interest on Friday and onwards when the quantum is announced. Now, we have to be ahead of the crowd by buying well before Friday. I believe many contra players will try to time the T+3 - they might come in on Wednesday to have position when it is announced plus the following Monday in the hope of quick profits.

So what's "the best" (i.e. lowest) buying price we can get to ensure the biggest bang for the buck? No one really knows. So, we will just have to make our own decision and risk it. It's now at 0.935/0.94. Would it go lower next week? I don't know. For me, I feel this is a reasonable price - if it does go down, how much? I think 0.90 will be a very strong support. However, I have the feeling it will at least stay at the last price, if not go higher. Everyone is waiting for next Friday.

akuree: 33 sen is assuming that all the warrants are converted, which I'd say is extremely unlikely. Many of -WA *might* be converted since the strike price is only 0.55. But -WB's price is 1.20 - as ashrizal1 had said, only a nut would convert at that price:-) However, there *will* be nuts around, so some -WB might actually be. The `logic' might be: "I'm going to be a (very) long term investor so I might as well do it now and get the dividend."

Let's just take the middle path with it being 38 sen. That is still a lot, especially with something that is less than 1.00. But as mentioned by ashrizal1, the main concern is the ex-day's price: how low will it go? This will decide on whether one wins or loses. For me, being the `penakut' type, I will most likely sell before that if the capital gains are "good enough".

It will pick up next week prior to the announcement concerning the quantum of the dividend on Aug 3 (Friday). I think it will be more than 35 sen due to this fact about human nature - many people are lazy to take action even when it concerns money, i.e. they will not convert the warrants. There should be a spike in the price when the dividend is announced, so coming in now or a bit later next week could see one benefiting from the rise.

After thinking about it for the past few days - and especially last night - you have just helped me to decide on SK Petro:-) I feel the counter had been spooked by the troubles in Europe over the past few days. Otherwise, it is fundamentally strong, especially with its latest contract from Murphy. At this current price and compared to its upswing potential, I think SK Petro is well worth holding.

Ananda Krishnan is selling 375 million shares worth RM2.35 billion in Maxis Berhad at between 6.21-6.34 http://www.theedgemalaysia.com/business-news/217621-tycoon-ananda-selling-maxis-stake-source.html

FUNDAMENTALS - the PE and dividend yield especially, plus a company's net tangible assets. These information are easily available and should form the basis of one's selections.

I'm very particular about the dividend. Sometimes we might become "forced investors" in that we might have to wait a while in order to a counter to reach our break-even price or to turn in x% of our target price. Getting dividends while we wait is a great consolation.

But that doesn't mean I shy away from counters that don't give dividends. I'm okay with companies that have low PER - more often than not, it's just a matter of time before the price would rise and the capital gains more than make up for the lack of dividend.

And I'm with CP Teh on this one - don't chase counters that have already gone up. When something has reached a certain height, it is more probable for it to come down than to go up further. Consider it as "a missed bus" - don't chase because there will surely be other buses that will come your way.

Yes, true - if you shoot often enough, you will surely get a few bullseye:-)

Great tips here. Thanks.

1.38 looks to be a strong support. I think JCY is building up the price base again and should see an upswing soon. This is provided the European and US markets don't disturb sentiments too much.

There's very useful info about warrants at this thread of BIMB-HA: http://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=BIMB-HA

As kilrathi had said, it promises big profits but could also be a slayer. It's better to know what one is going into first, i.e. to understand what the different warrants are. Only then can one make an informed trade and not be at the mercy of market movers.

It's usually medium to cool (with cool more often with so-so volume). This is not a counter to contra. But I feel that if one is patient enough, a TP of 20% within a few months is achievable. To me, anything that is higher than the average trust fund is good enough.

KC Loh: Thanks for the explanation. This is a family-controlled company, with father, mother, daughter, son-in-law in the board of directors. Very cushy positions with great pay. Then again, it's *their* father's company, ya - I'd likely do the same if it were mine Heheh!

The only reason why I'm attracted (somewhat) to this counter is its NTA of 0.85... and it is selling at way below par. Its profits aren't anything to shout about. But at this price, I think it's worth a risk.

The interesting thing about this transfer of shares among the family: they are priced at 0.36. How does one come about this valuation, by the way?

3.20. Despite the current negative sentiments, IHH is perceived by many - especially fund managers - as "quality". They have to put their money somewhere and this company looks `safe' in the longer run.

Mudajaya has come down to an attractive level. If it touches 2.50, I'm adding more... and wait to sell at 2.80-something. This has been Mudajaya's trend over the past few months.

I had mistaken it with CA. Didn't realise it's new - a DIFFERENT one Heheh! Thanks.

Does anyone know why this has dropped so much today?

Ex date is 9 August.

It was doing well in early trading. Had thought there was going to be an upswing. But Hang Seng's poor performance spooked investors. Let's see how things go for Eden and also BSKL tomorrow.

Now Europe buat kacau daun pulak. Besides the perennial always-in-trouble Greece, Spain is now in the limelight. Maybe it' s better not to commit ourselves just yet. Silap-silap, dua-dua boleh dapat - Pos at a significantly lower price than now AND the dividends. Kalay yang lagi best - bila lepas ex date, market sentiment improves & harga naik... TIGA kali benefit! Heheh!

alntm: I'd say that's a reasonable enough opinion. IHH does look attractive for investors looking for (seemingly) safe companies that offer promising dividends. Perhaps it is even better than plantations(?).

But the problems in Europe and the poor performance of Hong Kong etc. are also a factor. Today especially. Anyway, if the mood remains the same on Wednesday, IHH might be like SKPetro. This might be an opportunity for us to buy and wait:-)

Although I had mentioned 1.38 earlier, I didn't expect it to come to near this price TODAY. Now I have to make a decision - come in or wait and see how it goes tomorrow.

Hang Seng went down sharply today and there's no way BSKL could ignore a drop this big. But the fact that most counters didn't fall as heavily says something about our own market... that it currently appears more resilient than most others. If there's a rebound in East Asia tomorrow, BSKL might recover today's losses.

The next support is at 1.38. Going to see how it goes at near this level and consider whether to buy.

Fat Cat: [Quote] "Swim with the tide, not against the tide, stock market is not a place to be vengeful , making money is all the matter." -- The last part of "making money is all that matters" - YES!! This is what we are here for.

I'm puzzled with some people here in that they let emotions and biased thinking affect their judgement. For instance, some would deride a company as "Umno or BN-connected" and for this alone, try to discourage others from buying. With MRCB, UEM Land etc. Having this attitude means one is denying himself the chance to MAKE MONEY. To me, it doesn't matter with who or what a counter is connected with - if there's the potential to make money, then I'll seriously consider it.

But I have one religion-connected rule though, and this one is principle-based - it must not be engaged in a business that is obviously against my religion (the gambling, alcohol counters especially). Other than these counters, everything else will be objectively evaluated.

I don't really know. As I had said previously, will have to see how it goes this week. Only the major shareholder will fully subscribe (and add) but for most others, the rights subscription will depend on this week's price, of course.

A 20% gain - might look a bit high right now, but it's definitely not unrealistic. I've seen it happen before; of a spike when something positive like the uplifting of PN17 is announced. Don't forget the possibility of it winning one or two new projects, as were mentioned in the rights prospectus.

Anyway, its shares have been rated at 0.51 before; when buying the Pulau Indah fabrication yard. And this was months ago when TH Heavy was in the doldrums. Now, it is getting better bit by bit. In my opinion, that should be TH Heavy's reference price... the minimum. For me, this is "the poor man's oil & gas counter":-) Investors/Speculators will likely see some upside potential. SKPetro, Bumi Armada are a bit too high already.

June08ng: At its present price of 4.42, the dividend yield would be 4%, all else being equal. This is okay enough for some because there's also the potential for capital gains from the price... if it goes up, of course. And DiGi, being a proven telco, also ranks highly among investors and fund managers - that means one is holding a strong counter.

However, there are also other solid counters that have higher dividend yields than DiGi "at this moment in time". See in the daily newspaper what these companies are - make a list and decide which offers the most bang for the buck.

Although nothing is impossible, including and especially in the stock market, I'd say 4.00 looks too high to achieve in one month. JCY had a great previous quarter and the interest will be sustained if it can repeat this in the next report, which shouldn't be too far away.

However, the high interest could also work against it when it comes to price increases. Now this is a very popular counter, with many players including contra, of course. Whenever it reaches a certain price level, many will cash out; as has happened since the last upswing. But the good thing is that its support level has gotten higher. Anyway, if we are talking about August, in my opinion, a more realistic target might be 2.50.

Yes. That is what these ex (exercise) dates mean - when something (dividends, rights, bonus issues etc.) comes into effect. If one buys later than that, then he misses on whatever the ex date represents.

Then there will be the date which the company's registrar will use as to who are the legal shareholders and the number of units they hold. Usually (but not always), it is three trading days after the ex date. This is to ensure that the last person buying the shares will have their names on the register. The last date will be the payment date - when the dividend will be credited to your account (sometimes a month later, sometimes less...depends on the company). Often, the price of the counter will drop a bit after the ex date since many tend to sell (after ensuring their name will be in the dividend register).

The biggest attraction now is the dividend. At 17 sen, many fund managers are salivating - if they don't have this counter yet, or if they have too few, they will definitely look to buy before the ex date of 15 August.

I don't know about the TP of 4.14 - for all you know, it might be another Takaful... and we all know the astonishing heights this one had achieved. The more realistic immediate TP would be 3.50 - if one has the holding power, Pos Malaysia looks to be a good buy right now.

I'm a newbie when it comes to technical charts. Can someone elaborate on what the lines seem to say, please?

Anyway, I feel this counter has seen its last bottom at 0.41. Some party has been making big buys - last Friday, it seemed TH Heavy wouldn't go past 0.415 since there were so many lots (around 35,000 x 100) queued at this price. But these gradually disappeared due to the big buys. Now it can look to break the immediate resistance level.

Ram Cheong: Thanks for the observation. That means we will have to be cautious and not simply jump in and chase. The opening minutes can be deceiving - often, you would see some counter with strong buying that results in the price going up. Then, immediately after you have bought at the seller's price, it hits a big roadblock and the price slides down... even lower than the previous session's close. One will feel like a sucker in that situation.

I'm going to see how it goes for the first 30 minutes or so. Then make a decision.

necro: Tomorrow will be interesting - is this the start of an upswing or will it peter out. The former seems more likely due to the heavy volume. I'm going to watch it closely and see whether there's a chance to make a few bucks:-)

kawelegen: Don't think too much about it. Let it go or the thought will torment you unnecessarily. I had suffered similar episodes (and I know I will again in the future). Among the `worst' was in the early 1990's - had bought KLK in the low 3.00's and sold it for 3.60. Was pleased enough with that... until it shot up to more than 20.00 some months later in the great bull run.

When we buy shares, something like this will happen sooner or later - and repeatedly, if we stay around and buy/sell long enough. We must accept the fact that we don't know the future. Would be great just to know what will happen at noon during the start of a trading session:-) So, my principle now is this: Set a target, and when I reach that, am grateful for the profit. If the counter goes up further... well, that's the `rezeki' of the other guy/s who had bought from me.

It suddenly `meletup' on Friday with very heavy volume. That report by Public Investment Bank in The Star must have influenced a lot of people. Regardless of the (poor) reputation of MK Land's houses, we as traders should be objective and just focus on this: what's the potential of it rising further and how can we profit from this?

Its NTA is impressive, at 0.80. I'm trying to find its latest financial statement but can't seem to be able to dowload the link at BSKL's website.