nubhan: Don't la say like that... makes people nervous Haha!
kadok1691: Right now, I'd say 99% of people who buy it aren't doing so for genuine investing purposes. Or even care about its business prospects (I dare say many might not even know what industry it is in!). Cybert has turned into a high stakes speculation play - either you make a quick, tidy profit or you get burnt. As talk2pkc says, only use pocket money for it if one wants to play the game. But never bet serious capital on it.

gajah: One doesn't really know when it's on the way up. The highest today at 0.41 - if one had based his Buy at that `signal', he would be in trouble now. With a counter like this, it will be more of courage, blind faith and luck, of course.

By the way, this is the danger of watching it for entertainment - now I'm thinking of buying just for the heck of it. Yeah, I know this isn't prudent... and my wife will be mad if she knows I've degenerated from investing to speculating:-P

The still-big volume, yes. Had though it would have gotten much less by now. This means there's the potential for some action springing up very soon. Those with the guts might want to try their luck. But at what entry price?? 0.31 had looked to be the support. But is it? It's an entertaining counter to watch:-)

Remember those early days when it was below 2.00; when one could have easily gotten a few lots at 1.95? :-) Many, many people are regretting not buying it then, so fearful that "it might go lower" (despite it being traded significantly below the IPO reference price of 2.24).

I think that's the lesson here: if a counter is undeniably good (and almost everyone had agreed), one has to summon the courage to just buy despite the gloomy and pessimistic mood at that time. And wait. But never mind; there will be similar companies and situations in the future.

Ngai Chee Weng: The people who buy are like us and everyone else - they think the bottom has been reached and it is set for a rebound. When it doesn't many cut loss and sell, which results in the price going down further. This sets the stage for the next group of speculators who think it's now the bottom and the start of the rebound. And it goes on... until it finally, really bottoms. But will the rebound be worth it? Or will it be just a few sen, which might not be worth risking our money for? As usual, time will tell.

wokan: EPF and the funds, despite the big money at their disposal, are "also like us" in a way - capital is limited.

With EPF, for instance, it has different people working for it who are doing the investment. They are given a certain sum to invest and are expected to make a certain percentage return every month/quarter/year.

So, if a certain manager wants to buy something, he will need to have the funds - it's not like EPF is a bottomless pit where he can buy how many shares he likes. If there are profits in his portfolio, he will sell (usually he will try to wait for the dividends to be paid first... and then dump). Only then can he buy something else, besides meeting his minimum profit targets as expected by the EPF bosses.

samuel - EPF, Tabung Haji and various funds: they hold big positions at different prices. What they sell today are likely blocks which they had bought at lower prices... might even be from their shares during the IPO process.

franksoweto: Thanks for the info. I'm mistaken then about Muhibbah being a secured creditor. This makes it even worse, of course, since a suit will only be useful if the debtor actually has assets. But I agree about it having a good orderbook - perhaps this could somewhat offset the APC drag? I believe all the negative news have already been factored in the current price and any form of good news will see a surge in its price.

I intend to buy but this will have to wait until the technical readings look better. Right now the price is slipping, albeit slowly.

The -OR shares will expire from trading at 5PM tomorrow. I'll just keep them and see how the mother share goes next week. If the price is still at this level (or worse, lower than 0.40), it wouldn't make sense to subscribe the rights (27/7 last date to send in). We might as well buy it on the open market.

By the way, I'm wondering whether TH Heavy's plans on the PN17 status will be affected if the rights issue is grossly under-subscribed. How will it pay for Pulau Indah fabrication plant?

The technical indicators, resistance levels are now secondary in Cybert's case. I doubt whether there will be a rebound to 1.00 and above. That's because it shouldn't have gone there and past that in the first place. As KC Loh had said, there was no real basis for it to spike up so high. Now it is finding its real level - there might be some rise when it finds the bottom but I don't think it will be worth the risk. Most likely, it will stay very near its bottom, whatever it is, for some time yet.

Ooi - Keep it up. There will always be detractors to anything and everything. But when it comes to "education" in the stock market, I'm definitely for it. This is something which we need to continually learn about, regardless of how much experience we may have. It's always better to keep an open mind - look, listen, think, try out, analyse, tweak... Participating in the market involves real money and I would like to be properly prepared. It's a lifetime journey when it comes to learning.

deltacorp: *Eventually*, yes. But definitely not today:-)
Price is at 0.41 now with the Buy rate at only 14%. Some parties have been selling heavily at 0.415. Other than Tabung Haji, I doubt minority shareholders would want to subscribe the rights issue at 0.40.

The management will have to do something to boost the price - if there is any good news, better announce it real soon. If not, we should just buy from the open market. Judging by the sell rate, it's a real possibility. Anyway, I have a good feeling about this counter and am looking for the right time to buy again. However, we will have to let things run their course and settle down a bit first. Right now people are unsure about its price direction.

The company made an announcement yesterday of an acquisition. No big deal. By the way, its business of vehicle-tracking is interesting and with potential. But the share price will have to be lower (and stabilise) first to attract a serious investor (as opposed to "contra speculator").

[Cut & Paste]
The Board of Directors of Cybertowers Berhad wishes to announce that the Company has acquired a new subsidiary company on 16 July 2012 with the name of Pioneer Streams Consolidated Sdn. Bhd. at a consideration of Ringgit Malaysia Two Hundred Thousand (RM200,000.00) only ("the Acquisition").

Pioneer Streams Consolidated Sdn. Bhd. is a MSC Malaysia status company, incorporated in Malaysia with the paid up capital of Ringgit Malaysia One Hundred Thousand (RM100,000.00) only. The principal activity is to carry on the business of fleet management and GPS tracking system.

The Acquisition is not expected to have any material effect on the earnings, net assets or gearing of the Company for the financial year ending 31 August 2012.

None of the Directors, major shareholders of the Company and/or person connected to them has any interest, direct or indirect in the Acquisition.

This announcement is dated 16 July 2012.

A very quick check shows these: as with most ACE counters, its par value is 0.10. NTA is 0.06. 12-month Low-High 0.085-2.12 ...

Based on its business performance and assets, it never should have gone above 1.00 in the first place, much less 2.00. Ooi Teck Beck is right: it looks `cheap' right now *comparatively*, i.e. if you compare it to the previous high. At 0.615, fundamentally it is still very, very high (if it is a 1.00 par, the price would be 6.15 - like Telekom Malaysia, which Cybert definitely isn't anywhere near to).

Yes, if one is lucky, some syndicate might goreng for a rebound and one would get a profit. "might"... For me, it's way too risky because Cybert is not worth much.

Had thought the worst was over for this counter when the price was higher than yesterday's close. Am surprised to see it dropped so heavily after that!

By the way, company-wise its third quarter income had increased to RM1.4 million from RM118,000 a year ago. Have to read its financial reports to evaluate its business prospects. If it falls "low enough", there might be a good opportunity to make some money from a rebound. But it will be a big risk with potential of a heart attack:-) The question is, where is its bottom?

Emron: Sure looks like it. It might still go up but I feel it will undergo some correction first and build up a more solid foundation for the next upswing. We might be a bit late at this stage. Alex Liu of Kenanga was quick to spot the trend last week - would have made a tidy sum had we been quick to act on his analysis: http://bit.ly/Lsb6J6

Wise words from CP Teh. You are right in that it's better to play safe by buying only the counters that we `know' a lot more of. One might get lucky with warrants and come out with tidy profits. But I'm more of the `penakut' type who isn't daring. Better aim for smaller profits with counters that come with less risks.

By the way, thanks a lot, guys, for sharing your knowledge and insights. If only forums like this were around in the 1990's - I would have been a much better-informed investor/trader. But there was no internet then, of course, and we were flying blind most of the time. Nowadays, it's much easier to obtain information and pertinent insights and opinions. But more important, we must *use* these wisely.

Vel and CP Teh: Thanks very much for the information. As I had suspected, these warrants and their individual mechanisms are are rather complicated. All this while I had thought everyone knows what he's doing, seeing some warrants do heavy volumes every day. Apparently, it's a real possibility that many don't really know what they are going into!

So, basically, when it comes to this particular BIMB warrant, the opposite will be `good' for the holder. If the mother BIMB share were to come down, then the HA's price will go up? In a way, this sounds like short-selling, as CP Teh had mentioned... which isn't a bad thing if one feels something is overpriced and wants to bet that it will go down.

Yes, I hope people who are more knowledgeable can help enlighten us about the workings of warrants... including this one because there *appears* to be a chance to make some money based on this seeming `market anomaly'.

I don't fully understand warrants, so I feel this one is a bit `strange'. I've checked with The Edge about this one (BIMB-HA):

Exercise Price: 2.39 (BIMB is now 3.22; -HA at 0.055)
Expiry date: 8/3/2013
Exercise Ratio (x): 3
Premium: (19.18%)
Gearing: 17.67 (I don't understand this one).

Does this mean that: (1) the warrant holder is entitled to purchase BIMB shares at 2.39? (2) one needs 3 warrants to buy 1 BIMB mother share?

If these are correct, then it means one can get BIMB shares at a discount(?) Or is there something about warrants that I've gotten wrong?

Ameer: You will have to evaluate the risk-to-reward ratio. If you buy the -OR shares, then you will have to consider the total cost, of course, when you subscribe at 0.40 (which means your share costs 0.415 sen). If it goes up, you will be laughing:-)

Another strategy is to buy some -OR shares very, very soon and see how the mother share performs this week until Wed/Thurs. If it doesn't go up, then you cut loss and sell off the -OR. But if it's "high enough", then you could subscribe to the rights... or make a quick profit by selling off the -OR by Thursday.

Azimah: Same with me; pening. I have a general strategy but will have to make a decision very soon about the mother share and -OR. It would be very easy to just sell everything if the price goes up a bit next week. But at the same time, there's a very real possibility of it igniting and shooting up... and I will feel like an idiot if I were to sell too soon (and cheaply).

These factors could be catalysts in pushing the price up:
1) the major shareholders will have to prop up the price to make it attractive enough for the minorities to subscribe.

2) the worse appears to be over for the company - the new fabrication yard, projects and capital from the rights issue will help it move forward.

3) removal of the PN17 status will definitely boost sentiments towards it. TH Heavy will apply at the end of the month but when will it be approved by BSKL? This will be crucial.

4) It will likely announce winning one or two new projects in the coming days and weeks. That JV concerning ownership of a FPSO vessel should boost sentiments.

Based on these, TH Heavy could be at least at 0.50 sen very soon. But there is this matter about the new shares from the rights issue - if shareholders start dumping them for quick profits, then it will come down, of course. Have to also take this into consideration. One strategy is this: if it goes up "high enough" this week, maybe I should sell the mother share but subscribe to the rights. After all, it's only at 0.40.

I'm reading the rights prospectus: Something interesting about the fabrication yard in Pulau Indah, Klang which Ramunia is buying - half of the RM83 million in cost will be paid through the issuance of 78 million new shares, which are priced at 0.51 sen each. That, I believe, should be the fair value of Ramunia.

Klsenewbie - Thanks very much, especially about the expiry date. That means I have only until 19 July to do something about it... and then it becomes worthless(?). What if I were to sell all of my present Ramunia shares - can I still buy the rights shares at 0.40? Or must I also hold onto the present shares?

Can someone familiar with rights issues and Ordinary Rights help explain these to me, please? There's the 2-for-5 rights issue at 0.40 sen plus -OR (Ordinary Rights) units that I have received in my CDS account (closed at 0.015 sen). In the -OR form, it says:

"Last date and time for:"
Sale of provisional rights shares Thurs 19/7 5PM
Transfer of provisional rights shares Tues 24/7 4PM
Acceptance and payment Fri 27/7 5PM
Excess rights shares application and payment Fri 27/7 5PM


THHeavy closed at 0.425 today. What's going to happen to the price assuming that the price is still at 0.425 on these dates?

Thanks in advance.

What's the expiry date for this and the ex price?

There was a 1:2 rights issue. Was there also a bonus issue? It could be because of these new shares... bonus especially.

Looks like it will consolidate. The technical readings don't appear so good; at least not for the shorter term. But that will be a good thing - if it goes down a bit, there will be a stronger foundation for the next upswing.

The First Quarter 2012 report was quite encouraging. Profit before tax was RM1.3 million compared to a loss of RM518,000 in the corresponding period. Revenue also rose from RM8.5 million to RM10.9 million. Let's see how the Second Quarter goes. The report should be announced next month.

YTL has been going down the past few days - 5 sen today. Wonder what's the matter?

"Thinking" to buy - definitely. But, as usual, it's the timing and price. CIMB withdrawing from the APC thing was really `leceh' - Muhibbah would have gotten the RM300 million owed by APC and everything would have been fine. Now it remains as a bad debt in Muhibbah's accounts... and 300 million is BIG.

The good thing is that Muhibbah is a secured creditor, and the APC project could be revived. Have to wait and see. There's some risk in buying right now - the price might slide after the dividend ex-date. If it's less than 5 sen, than that's okay because one will be even. But what if it's more? Have to consider the risk. Whatever, Muhibbah looks likely to shoot up if there's some good news about APC.

10 sen? I think it's only 5 and there's a 25% tax. By the way, when it comes to the ex-date (Friday 13/7 in Muhibbah's case): is this the last day to buy (meaning until end of trading session at 5PM) or that one is too late when this date arrives?

Ramunia does a copycat with its own TH Heavy Engineering. I hope it will follow MMHE in price movement:-)

At 0.04 for the warrants which expire in 2016, and with the company making a profit, sounds like a reasonable risk.

Eden Thean: Not really. It isn't a seller of oil and its products but of *services* to the companies that explore and produce them like Petronas, Exxon, Shell etc. The price of crude oil does indirectly affect SKPetro's business, of course.

When the industry is vibrant, there will be a lot of demand for its services; like what it and similar companies are experiencing now. Although the price of crude has been going down over the past two months or so, with Brent at US$90 at one time (went to $100 yesterday), this level is still high enough for the industry to move forward. SKPetro had said that they wouldn't be worried as long as oil stays above $60...

Not just Berjaya but also Tabung Haji. There is talk that the latter two might come together to take over. Cofectionary might not be a sexy business but "Halal" and "Food Business" are something which these two are very interested in, especially with Felda wanting to expand into this.

Berjaya and TH could easily just forget about their investment in Silver Bird because it is chickenfeed, no pun intended, in their portfolios money-wise. However, there is the question of pride - it would be embarrassing for them to see SB go down the drain. They have the resources and I believe they will use it.

But anyway, the current board has said that the priority now is in the restructuring scheme. There will likely be a capital reduction scheme, rights issue etc. to put it on a better footing. Only then will they look into offers to takeover. This way, it won't be a fire sale.

Yes, seems to be stuck in this range for some weeks already. At the same time, around 0.86 seems to be a safe price to enter... and wait. This is a good company - I believe it will confidently break past 0.90 soon and stay above that. For now, it's a dependable counter to make a few bucks: buy at 0.86 and then sell at 0.89.

That's good. But I was hoping they would announce something more... like giving a special dividend from the cash part of the sale. Or what they are going to do with the RHB Capital shares. But whatever, I'm glad it has gotten off the bottom after the sharp fall.

It is advised not to be emotional with counters. But with Mudajaya, I can't help it... not after reading its financial reports, about its businesses (especially the power plants) and TP. If Mudajaya were a woman, I would definitely marry her HAHA!

Something is happening at OSK - why the sudden rise in price??

From StarBiz yesterday: "TH Heavy pulled back from a 9½-month high of 45 sen on June 25 to a low of 41 sen on Friday before bouncing off slightly. With the stochastic in an oversold position and the 14-day relative strength index ticking up from mid-range, they offer hopes of a resumption of recovery, with significant resistance anticipating at 51-51.5 sen. Stronger support is seen at the 38-sen mark."

Eden operates power plants?? I thought it's a food-based company... mostly known for catering.

Tak apa - seems to have strong support at 0.41. It went up a bit too fast when it hit 0.45 so there's bound to be some correction. The contra contracts from this oversold period are already over so we should see it having a more solid foundation for the next upswing. It won't be too long before the PN17 status is lifted - this should serve as an impetus to push the price above 0.50 in the coming weeks.

Appears to have hit a roadblock at 1.76/77. But some big buyer (EPF) has been going in at this level; taking up all the lots at 1.77 and some at 1.78 too. By the way, I don't think YTLP has ever given a bonus since it was listed, right? Would be great if it does what YTL Corp did recently with that bonus issue. Rasa jealous pulak Heheh!

Yeah, it appears only some selected counters are up, particularly the index-related. Plus some of the contra players' favourites, including penny stocks. Have to go with the trend - nowadays, it's no longer "buy and hold"... more of "hit and run".

I feel the BN will do better in the next GE so I'm thinking of what's the best strategy to try and benefit from this. At the same time, have to also remember that the financial problems in Europe are far from over. At the moment though the markets there have gotten a respite. But based on the various ups and downs, it wouldn't be too surprise should there be some nasty news coming out from there - of Spain and Italy getting into more trouble, for instance.

There are opportunities in BSKL, that's for sure. I have one foot in with some positions which I feel are at least strong enough to hold their ground if not rise when the mood is positive. But I'm keeping more than half of the capital on the sidelines - will only use some of it to accumulate solid counters when there's a correction... companies like Mudajaya, YTL Power, Digi etc.

We missed the European and US rallies of last Friday. After the weekend's intervention, the positive sentiment became diluted. Good analysis - I believe Malaysian traders are waiting to see how these markets go tonight rather than to over-commit themselves and get stuck. There is still optimism here though, as seen in counters like MRCB.

Hubline is on my KiV list - although I look at things like PE ratio, dividend yield etc. when deciding to buy something, I also believe in diversifying with x% of the capital in penny stocks. As we all know, they will give the biggest bang for the buck when we get in at the right time (price is secondary - if something is on an upswing, it doesn't really matter what the current price is).

After reading the comments by ingwong and Namoyaki, I believe it is worth a risk. Will see whether it's possible to get it at 0.065 (which would be great)... and then wait. As with Namoyaki's strategy, I'm going for just half a sen profit.

Yup. Najib had better be quick in taking advantage of the current feel-good factor. Things might change for the worse if he delays the next GE. This is as best that it can get for the BN.

@kl foong: That's true. But there *are* changes to its ingredients. For one thing, its business under the new management is betting better. It now has new contracts that will bring in the money. It also registered a positive last quarter, which is projected to continue. Next month it will apply for the PN17 status to be lifted.