Hi fortunebullz - you are here also?? :D:D

Note that Annual Report 2013 released today - profit of rm 5.03 million or an eps of 3.08. At today's closing price of 20.5sen it is therefore trading at a really low PE of 6.6 for an ACE market share.

Assuming an average PE of 15, perhaps TP of 46sen can be expected.

Do note that Metronic disposed their MMSV stake of almost 9 million shares between 10 to 15 April 2014 while a block of about 7 million shares at 23sen was snapped up on 16 April.

Who would dispose their shares at a low price when corporate results are really good? Unless the party is starting - Wave 3 SW 3 coming!!!

I feel can expect a really strong rally next week. Do use your own judgement if you want to buy or sell this counter, ok! Trade at your own risk!!

james8933 - you are the champion WA trader, haha!!

wee888 - Just looking at the charts, this wave TP can reach 50sen. After some retracement and consolidation from 50sen in SW4, it should reach a TP around 80sen in SW5. Anyway, that's from a technical point of view.

madiba analysis shows a fundamental value of at least 50sen and in a rally, the share price can exceed this by perhaps 30%.

I am just sharing here - this is not a buy or sell call.

By the way, good candlesticks formation - should still rally early next week

madiba - Mpay in Wave 3 SW 3: very strong upward wave. The wave sifu skyhawk already confirmed this and called for a strong buy. From the charts, I believe the counter can easily reach 50sen in this wave.

As I have said earlier, best to hold the mother and ride this out. Trade the WA if you wish. I was trading the WA this round - in at 20sen but out today early at 22sen bcos T+3 for me.

That is, no CAP in price rise, leh!!

connie: sometimes no CAP feel better

MPHBCAP - big block of shares being crossed at 1.97 now. Party should be starting soon as technical indicators look good

pzul - u really huat this time. Oredi 24sen!!!!

Anyway, profit is real money - can spend over Easter!

All my WA kena sapu!! But operator still waiting for others to throw!!

connie: dun sound rite, asking a wolf to protect you from sharks?? :D:D

johnny cash - This counter is apolitical simply bcos they have no political connections haha! Now, if as you have highlighted the analysts have all been just talking hype with nothing real to show, why are you still holding on? Don't you think that the correct strategy is to cut loss and buy into other growth counters.

I can think of safe FA counters like MPHBCAP (TP 2.50 to 2.60). One unit Mudajaya gives you 1.4 units of MPHBCAP - better leverage, positive technical indicators, and of course good news. Please note that this is not a buy or sell call - just sharing, you can read more at the MPHBCAP thread.

I suppose a lot of small-timers bought Mudajaya bcos of the yearly dividends. Would you expect a company with a depleting order book and project losses to continue paying dividends.?

The company also supports its share price with share buybacks. If the company is in need of operating capital, don't you think they will sell their treasury shares?

Buy when you see strong volume with an uptick!!! Trade at your own risk though - you are expected to make your own judgement

61.8% retracement is of course bad if you bought at the high of 29sen. But it is good bcos it means the counter will be turning soon, with the completion of sw2 and the start of sw3 which is a very strong upward wave.

connie: panic selling seems to have subsided. your KNM slowly coming back as kuya hawk forecasted

Haha! Best to look at historical yield as analyst projected increase in dividend is probably all hype. Look at 6sen long term at a yield of 4% for a solid FA price of 1.50 (although it will be very hard for the counter to fall back to 1.43 - 1.48)

pzul - U oredi make 3sen out of 19sen, that's a lot of profit. I will also sell all at 22sen x 200k (bought at 20sen)

Dividend yield, I mean....

Dividend view will be even higher when the price drops :D :D

No real movement today. I think the operators are waiting for all of us to liquidate.

johnny cash: Or do like what nsk82 is saying - no worries, even if the company is not well-connected politically.

Note that construction contracts nowadays carry very low margins (about 5 to 8%) and a huge loss in any component will mean a big dent in the P&L. In addition, there are very few major projects in the market as Government spending is very tight due to its persistent budget deficit - this is the reason for the depleting order book especially if the company is not well-connected politically.

Look at BinaPuri - they seem to be getting a lot of projects (the Chairman and other directors etc are very well connected) and their order book is more than RM 1 billion. But look also at their P&L - very low which means margins are really very low.

johnny cash - Best not to keep talking about buying! Just follow the money - do what the directors are doing!!

connie: Still need charts to see indicators and trend. And of course bro newman's excellent touch to determine whether all in or not.

Hard to say if it is still in downtrend. Perhaps bottoming and ready to turn. Just look at Mpay today - selling exhaustion yesterday and sudden spike up today.

connie: You are welcome. I do research a bit b4 I take a position. To me, the counter still looks positive and our eminent kuya hawk already confirmed that KNM is in W3 with TP1 at 1.12.

I doubt if it will fall tomorrow as they will otherwise have a problem convincing people to take up their fund raising issue. The selling over the last hour or so of today's trading is the usual sell on news reaction.

The KNM EGM is mainly to approve the Par Value Reduction resolution. If you read the PVR circular, it states very clearly that the share premium reserve arising from the PVR will not be used to offset accumulated losses. Instead it will be used for other matters including possibly a bonus issue.

I would read it as being positive for their fund raising as it should be a rights issue with a bonus issue and possibly free warrants.

Let's see how the market reacts to the news tomorrow.

Looks more like EW wave 3 sw 2 - that is sw 2 still not completed

I mean Iris

See Ieris for similar price movement!!

nsk82 - You are right again - investment is a personal choice. Most important of all, do make an informed decision. Always check to see that the research reports are not just hype.

Cheerio, that's all I have to share with the forumners here for the time being.

Hopefully it's not a one day show. Then we will all have to sell, haha!

nsk82 - Are you saying that you will not invest in Gamuda? Where do you think their projects, concessions etc all come from?

nsk82 - you are right. India is huge market to be ignored.

DreamM - up fast also good, then can sell and play again when it drops back.

Very possible announcement. Operator seems to be snapping up all the WA

Tripaka - your timing is impeccable. you must be a serious warrants trader!

Oredi very good profit for the WA. Should make another lorry load from the mother

Good to know that you huat.

Just hold or accumulate: the counter is in strong Wave 3 SW 3 and should easily reach TP when the party starts.

navi - it is already being sold on news!

Wah! DreamM - you must have sold a lot. No wonder the WA keeps going down while the mother is steady!

Surin buying is to instill confidence in the stock. Also, to profit from the spike in price when the deal with the Italian insurer is agreed - heard that due diligence has been completed and the terms agreed. TP 2.50 - 2.60 very soon.

Better to sell XDL and buy MAS then - higher chance of making money, haha!!

pzul - haha! Better stick to the mother share and leave the WA to the operators!!

But bear in mind that LKO can easily sell down just to bring the price down for further accumulation.

PELIKAN is slowly creeping upwards - looks like LKO's style. Could even break 1.00 today if that is his intention - he already has a 6% stake

KNM 93sen being taken out. On the move again!!

pzul - Hot also must take a rest. See KNM and KNM-WA's recent climb - still in uptrend as is MPay.

If anything, like I said earlier, good time to accumulate MPay (for investors) and MPay-WA (if you are a trader)