@ Icon8888. My average price is RM1.07. Glad we are just RM0.07 cents difference. The past few weeks have been a real test of courage... have been reading all your articles over and over again just to be courageous.

Hi Icon8888, what is your average price? care to share???

what is the meaning of QE3 28.29.10???

@ JN88, just asking, Yellen confirm the money printing party still going on? No QE fears already?

@ JN88; every single one of them....my soldiers ain't gonna die for nothing....

it seems the FED holds the entire world hostage...

Hi James70, just a quick question. How much do you think they are going to priced the free warrants? Looking to close the gap on the RM0.16 per share losses...

is there any warrant valuation model that you can share with me?

Hi James70, i maybe abit slow...just asking, where is the discount brought about by this carnage?

The lowest the rights can go is RM0.50 per share because the par value of the share is RM0.50. That means my theoretical ex-rights price is (RM1.07+RM0.50)/2 = RM0.79.

Hence, if the market price before rights is at RM0.75, the theoretical market ex-rights price is at RM0.63.

This means i will still be losing RM0.16.

Am i missing something here? Please advice.

@ james70, great to see you here. But what good does it do to me since my average price is at RM1.07? Please elaborate.

Also, do you think they will postpone the rights to next year when market sentiment improves for the better?

see,,,,if you and me are unwilling to subscribe, then the question now is will they postpone the rights issue? Don't forget...management needs the monies from the rights issue to beef up their coffers.

@ JN88, it seems you have more experience than me. Do you mind to come over to GOB thread to help advice me ? I am in a dilemma now...

it will be a joke if the rights issue is hold now...for those who buy at more than RM1.00, it means subscribe and you still lose money and if you don't subscribe, you will still lose money~!!! Majority maybe unwilling to subscribe and this is bad for management because they are unable to fill up their coffers with the rights proceeds.

@ millionboss + kudamuda; to be fair - the whole market is in deep red now...not only SymLife. Symlife considered quite strong liaw.....

just asking, any chances they might delay the rights issue to next year?????

@ laughdieme77, my average entry price = RM1.07. What is your take? Live with this flushing?
Few options ahead:
Option 1: Exploit this market to average down...then, when the rights issue come, hope the market price at rights issue is higher than the new (lower) average price. Take note i have no more bullets left. The ONLY way to free up capital is by selling off a portion of the mother share and then subscribe to the rights issue. This can only work if the market price during rights issue will be more than the average price.

Option 2: Do nothing.

@ kuah, just asking, how to protect the capital when you have lost a portion of it? albeit, a small portion?

i went to the shopping complex during the weekends and witnessed people shopping like there is no tomorrow. I don't think there is a recession - just a market correction in response to lower global crude oil price....weaker European data....blah blah blah....hopefully, the market will return back to normal...

@ kuah - it is easier said than done - to say wait for KLSE reverse trend. Nobody really knows when the market will drop or rise...we only know the market drops when we are in the eye of the storm...buyers will be happy because they buy at a deep discount whilst those who had bought (like me) will be cursing and swearing....

GOB stuck at RM1.07

mmm...i cannot sell now...if i sell....will incur losses. But then, if i hold until rights issue, i do not know how is the market by then.....subscribing to something whereby the price of the shares is lower than your entry cost is horrible....

Guys...need some advice. Currently, i am stuck with GOB - if i sell, i will be incurring massive losses. But then, if i hold and wait for its rights issue scheduled at the end of Nov'14, there is no guarantee the price will recover. Normally, prices will shoot up prior to rights issue but this market correction makes me think twice. But if i do not subscribe to rights issue, for sure, the price will dilute even further. I am screwed both ways. What to do now???????

Guys...need some advice. Currently, i am stuck with GOB - if i sell, i will be incurring massive losses. But then, if i hold and wait for its rights issue scheduled at the end of Nov'14, there is no guarantee the price will recover. Normally, prices will shoot up prior to rights issue but this market correction makes me think twice. But if i do not subscribe to rights issue, for sure, the price will dilute even further. I am screwed both ways. What to do now???????

@ JN88, how to shoot...???? my bullets locked up for GOB rights issue....damn pissed off with GOB.....comparing GOB with Symlife - SYMLife is steady like a rock....!!!
If sell GOB now, will incur massive losses....scared that when it comes to rights issue, the price still cannot recover....at that time, i will be in deep shittt...
any advice?

@ Mr Wong....i don't have the funds to buy liaw...all kena lock in this market...that is why so jealous of you~! You buy at this price, 100% sure untung one....

i really got no eyes to see...everyday drop like this.----...btw, which way to 16th floor?

@ Mr Wong - i am really jealous of you

this counter is very volatile relative to the market...beta is definitely more than 1.0

why property stocks correction starts???

why happen to the market today? seems like Christmas comes early...

come on...the whole market is dropping like bird shit....Symlife sudah consider ok. GOB straight away drop 6 cents - hence, Symlife consider ok liaw...

really missing Icon8888 at this moment...

this counter really test your patience

sorry - newbie here...what does that supposed to mean?
http://www.klse.my/stock/insider/substantialShareholder/all/1147.jsp
that substantial shareholders are buying additional shares?

@ JN88, there will definitely be a knee jerk reaction towards any new measures bound to be introduced in the upcoming budget to cool down the property market. However, as long as Symlife's management is rational and build affordable housing (within the RM500K range), then there will always be demand. Young working professionals like myself are in desperate need of an affordable rooftop over my head.

Just my 2 cents and i maybe wrong. Just to share.
At this entry price of RM1.06, you are getting a great bargin.
Simply put;
(1): candid reporting; the annual chairman's statement gives a strong feeling management is honest about their own shortcomings.
(2): potential share buybacks and redistribution as treasury shares.
(3): net assets of RM2.00 -> this is already buying at 50% discount to net assets,
(4): low P/E ratio of 6x; if you take into consideration this upcoming quarter's results, P/E is likely to drop even further,
(5): undervalued landbank; very important because this makes the whole investment defensive in nature.
(6): management capability in reducing debt and monetizing its landbanks; we all know how capable is Datuk Azman Yahya.

in short; just skimming on the surface - you have the best of both worlds; BenGraham's margin of safety + Philip Fisher's definition of a quality company.

any reasons why your friend's dad is asking all his relatives to buy?

@ LYH78, i think the right term is "NA: Net Assets" and not NTA: Net Tangible Assets.

thinking of selling my GOB to buy at current price....any GOBians can advice?

rather than being concerned with the day to day fluctuation of the stock price, we should be more concerned about Langat 2 project and its impact on the Sungai Long land.

RM1.07 seems to be the new low....hardly goes below that ....

@linuss: good job. This is a bargain price. To qoute: "Value is what you get, price is what you paid".

actually, at this price of RM1.07, Symlife is priced comparable to GOB. Of course, this is a bargain price to purchase Symlife if you compare Symlife land bank versus GOB. But then, who would expect SymLife can experience an oversold position? My average cost for SymLife is RM1.16.

My advice is to continue holding on to Symlife. I am not selling a single share.

really dropping like bird shit....!!!!

yahhh...i am tempted to load up extra...but my capital is exhausted....need to subscribe to GOB rights issue as well.

help...it is dropping like bird shit....!!!

read in The Star newspaper that foreign funds are expected to pull out.... ,maybe another round of QE liaw.

what is wrong with GOB ? NO action this morning?

need the sharks come to eat SymLife

no - just want to know how much is the TP price based on balance sheet perspective.

I know you can request a valuer's report when obtaining a mortgage loan.

@ james70/ Azlan88,
Just asking, how much will it cost to request a valuer's report on SymLife's land? Just want to know the current market value and how much of unrealised revaluation gains that we are sitting on a per share basis.