Crazy China rebar price

fun to see you guys talking, good night everyone!

paperplane, ☉▵☉凸

Then everyone should jump sea already (￣。￣)～ｚｚｚ
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paperplane2016 Bone. Tiu u. I am bankruptcy. Negative net worth ok.
I got cars 3 years more to pay, house 5 more years!
All my pay check enough to cover own family expenses only. Damn poor I
Even wanna let my dad retire punts duit also tak Ada.
I damn failure.

Thanks, duit, let's hope for the best for this year ╰(◡‿◡╰)

This comment is for Mr Calvin.
moneySIFU haha, whatever it is, wish all make money for better future.
16/02/2017 23:02

haha, whatever it is, wish all make money for better future.

Thanks for sharing, duit,

haha, Mr Calvin, I think we all doing the same old thing everyday, right?
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calvintaneng
https://www.youtube.com/watch?v=QDubMeNlSxc
16/02/2017 22:43

Thanks, duit, I am still learning from you guys & see if I can steal something from you guys' comments ┏(＾0＾)┛┗(＾0＾) ┓

Good one! Calvin.

I earn good money in Mycron because of your recommendation for Masteel. As the same time I also made good profits in CSCSteel & Melewar as well as Masteel.

I made good money in Ekovest because of paperplane's recommendation.

I hope you guys can continue to share your views with us so we can learn from you guys. I may not agreeable to some points of yours but I love to read different points of view so we can have more complete knowledge of what is going on.

I thought now already monopoly?

Please don't follow me, I am bad in timing the market & price

Really missed big time on this.... bought 0.70+ & sold 0.70+

To round up my holding

Added warrant 9400 unit @ RM1.53

Hi paperplane, when will you think the profit is running out of gas & good for you to lock in profit?

Haha, psychology effect
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Posted by paperplane2016 > Feb 15, 2017 10:09 PM | Report Abuse
After split, easier to push. As ppl tak Ada rasa. Push from 2.50 to 3 ppl think is high.
Push from 1.0 to 1.50 ppl think acceptable.

True, gift, sell if anyone think time to take profit or buy if anyone think better time is ahead, as long as you know what you want & what you can take.

For me, I am bad in timing the market / price and I think Ekovest has so much more to offer, so I'll just continue to sit tight & watch.

hehe, can't say for Mr Market :)
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Posted by probability > Feb 15, 2017 11:58 AM | Report Abuse
yup...wonder what happens if AnnJoo posted an EPS at a level of SS..would AJ dip or SS rise?

Ann Joo was the one who gained most during the Q30/6/2016, the only run away winner, but can only presented normal performance during Q30/9/2016. It will be interesting to see how it perform in Q31/12/2016

To me, the company who did best for the quarter ended 30/9/2016 was Ssteel & Ann Joo, comparing to all steel companies.

However, if using QoQ comparison, the best went to SSteel.

Why? Because they can maintain gross profit margin even rebar price dipped from as high RM2,280 to as low RM1,775 during the quarter 30/9/2016

Try to look at the price chart for rebar in Malaysia

http://klse.i3investor.com/files/my/blog/img/bl2751_rebar_price_in_malaysia_20152016_chart_1.jpg

I don't agree with the gross margin for QR30/9/2016 should be 20%, in fact, I expected all steel companies should do not better than previous quarter in QR30/9/2016 because of drop in selling price.

Provided you can get your mother shares on or before 22 Feb, that's only 4 working days, very unlikely

The gap now is RM1.41, it means additional gain of 6 cents for conversion of warrant to mother shares.

http://www.100ppi.com/vane/detail-927.html

China rebar is going up again, it makes imported steel more expensive, local steel producers will have better positions to compete with these importers.

I bought some shares in AIM before 2008, I think there was bonus issue then, I couldn't recall, but all I know is I sold all because prospect turned bad.
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garydonald21 moneySIFU which share u refer to that cost is higher than value? I have 1 counter having the same problem like you... Haiz....
14/02/2017 19:22

Good one, greatful, one have to do his own homework & this is very simple formula as stated in your comment:

amount of shares before split divided by 2 & then times 5.

If the number after split is not ended with "00", then have to buy little more or sell some to avoid after split odd lot.

For those in doubt, please read yourselves on the following articles to judge:

http://www.100ppi.com/forecast/detail-20170119-117288.html
http://www.100ppi.com/forecast/detail-20170122-117490.html

Basic earning for QR31/12/2016 = 8.67 cents

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5336529

haha, good! Thanks for sharing, heata!

Me too, not much bullets in pocket already.... :(

Still look strong at 2.98

Some people are buying so some people can sell OR some people are selling so some people can buy. :)

Let's hope for the best.

Just for sharing, latest China rebar price
http://www.100ppi.com/vane/detail-927.html

Today busy buying...

haha, don't be so greedy, Jay

I have one other company's shares of 80 shares since many years ago, after consult with my brokers, she asked me better kept because I may need to pay extra to sell the shares, because the proceeds not enough to cover the cost.

So I still holding that stupid company's shares in my account :(

If you have 12300, you may end up having 30750, you will not be able to sell 50 shares over open market

Just be careful of not holding number of shares ending with '000 or '500, you may end up having some odd shares.

Thanks, Jay, I think it may be also too short of time even for existing warrant holders like me

But ex date is on 23, may be not enough time

Yaloh, fruni, thanks!

Will try to convert little to gain experience, never did that before. Thank you so much!

Thanks alot, Mgician

Have a question & hope any sifu can help:

If the share price ex on RM2.98, after special dividend, price will be RM2.73.

Price after split = RM1.092.

Question: will the price adjusted to RM1.09 or RM1.10?

hehe, add little only, mother running fast, son lagging behind

Added 20k @ 1.59, wish me good luck ;)

Thanks, thec16, it's everyone's efforts & I just shared news only. Hope everyone make money, whether sell, buy or hold

Happy :)