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2017-04-22 21:21 | Report Abuse
Mayabnk TP is 3.72, not 4.00. Don't make up
2017-04-22 17:44 | Report Abuse
Batu first things first that's such a high allocation to one stock. No more than 1/3rd of portfolio to a single stock.
2017-04-22 14:15 | Report Abuse
How to subscribe to RCPS? Is there an abridged prospectus?
2017-04-22 13:41 | Report Abuse
Guys, don't forget 2 things:
1) When the RI shares are credited the account, there will be a HUGE jump in number of shares. Most likely the number of shares will increase by 1.6x. So expect some selling to ensue, especially from those who bought the OR shares to profit from potential arbitrage and mispricing.
2) When dividend is given out, expect another selloff too.
All in all, I expect/hope the share falls to below RM0.23 in the next month. I will probably queue at RM0.225.
It's still a good stock long term.
2017-04-22 13:35 | Report Abuse
alamak...I mean that's some stupid logic. The price will also adjust downwards accordingly once the dividend is paid out.
2017-04-20 21:47 | Report Abuse
What's the game with AirAsia here?
2017-04-19 20:18 | Report Abuse
Ah we're back to square one. The other day when it went to 51.5 just make people excited inky!
2017-04-19 19:30 | Report Abuse
What happened to AA? Went up 2 days now. This game very hard to guess. Luckily I bought at a lower price (2.67, I know not as low as some of you here!), for now I just sit and see where this goes. Possibly when it hits RM3.80-RM4.00 then I will think about cashing out.
2017-04-19 18:53 | Report Abuse
Lol you guys. I was pretty surprised when it surged to RM0.82. Slow and steady lah. RM0.76 is fair value for now. I won't be surprised it go lower still to RM0.72-RM0.74.
2017-04-19 00:11 | Report Abuse
Waldo, this one still dropping. Patience...patience, I must tell myself. Bought it at 0.64
2017-04-18 23:28 | Report Abuse
Also, if I use PBE e-rights, can I bypass all the filling in of forms/mail-in etc? Or cannot?
2017-04-18 23:27 | Report Abuse
Firstly I have direct CDS. Broker will only help for nominee CDS. Secondly they won't send me any forms since I am NOT a shareholder at present.
2017-04-18 21:09 | Report Abuse
Guys, is there a process overview explaining how to apply for the rights issue? Let's say I buy the L&G-OR...then, what must I do?
2017-04-18 20:01 | Report Abuse
Guys, can a person with no shares of L&G currently buy L&G-OR and subscribe to the rights?
2017-04-18 00:30 | Report Abuse
marll, I googled but didn't find the mechanics of rights issues in Malaysian stock market explained (US market got, but I don't think they are the same).
Anyway, if somebody had 1000 L&G shares, will that person have got 1600 L&G-OR shares? Is that correct? Would this have come into effect automatically at the end of Apr 14/beginning of Apr 17? Or did the share owners have to do something?
Is it possible to pay for rights issue via online transfer or something? I don't intend to speculate on the OR, if I can get it at RM0.015/0.020 I will be happy. I think there is an arbitrage possibility here cause the stock seems to be mispriced for the short term due to the mindless selling.
2017-04-17 23:33 | Report Abuse
Now it appears that there are L&G-OR on the market. I suspect these are related to the rights issue. What does OR stand for here?
What is the mechanics of the process in Bursa Malaysia? If I buy these L&G-OR shares, how can I buy the full shares? I really can't seem to find any info about this and would appreciate any and all assistance.
Also, I assume buying the L&G-OR is like buying any other stocks (in terms of brokerage fees etc?). What about exercising those rights...includes any brokerage fees?
PS: Who got OR shares? What criteria? Every single owner got it, or how?
2017-04-17 23:14 | Report Abuse
Another thing...any reason the announcement states "the settlement of the LIABILITIES..."? Why liabilities? Is this not something like a trade receivable, which is an asset?
2017-04-17 23:03 | Report Abuse
Didn't really follow this issue before, is it a positive development or just something neutral?
Also, what;s the Sin Chew article saying? Anything positive?
Ikhmas really needs a LRT/other train or elevated highway contract...now all it is getting just small time stuff.
2017-04-17 23:01 | Report Abuse
From the PDF:
The Company wishes to announce that Ikhmas Jaya Sdn. Bhd. (IJSB), a wholly owned subsidiary of IJGB had on 17 April 2017 entered into a Settlement Agreement (the Agreement) with D.J. Design & Suppliers Sdn Bhd (109264-A) (Employer/Debtor) and Solid Promenade Sdn. Bhd. (649150-A) (the Proprietor) in respect of the settlement of the amount due by the Debtor to IJSB (the Contractor/Creditor) (as at 31 December 2016) amounting to RM75,000,000 (Liabilities).
The settlement of the Liabilities will be made partly in cash for an amount of RM28,746,000.00 and in kind by a transfer of equivalent of 30,836 square feet service apartments units in Damai 88 (“Contra Units”) valued at RM1,500.00 per square foot for an amount of RM46,254,000.00 (the Transaction).
2017-04-16 03:53 | Report Abuse
I use a very basic "net net" formula to value my stocks. Nothing like Dolly. I don't have anything to share in that regards, sorry.
2017-04-15 21:39 | Report Abuse
This counter is unpredictable. Just bought at RM0.605 and RM0.63...now I hold it till RM1 at least
2017-04-15 11:22 | Report Abuse
When do you guys think this will start moving towards RM3.50?
2017-04-15 01:05 | Report Abuse
Not sure man, Parkson is definitely not worth RM0.50. I have no idea why it has fallen these two days, but it is very much in line with the drop in the broader market. I would say that the fair value is somewhere between RM0.78-0.85, with a good chance to double up in price should the financial results get back in the black from red.
2017-04-15 00:31 | Report Abuse
Tempted, will buy if it drops to RM0.45. I already bought at RM0.465 initially.
2017-04-12 22:50 | Report Abuse
Dolly I am not sure about your calculations. You seem to have it valued higher than me (different method I suppose, plus I don't quite understand your methodology). I do have it at RM2.10, so for a 35% margin of safety I needed it at RM1.36.
But alas looks like I missed the boat (for now at least). Not the first time either, sadly. At the start of the year I almost bought Ekovest at RM2.38, in February I almost bought Chin Hin at RM0.89...and look where those stocks have flown now. Valuation is imperfect, and margin of safety is predicated on safety of capital rather than chasing sky high returns. I bought 5 stocks so far this year all using margin of safety principle, Bumi Armada is my best performer at 30%. Another three are all in positive territory (5-15% returns) while the fifth I just bought on Monday so it is too early to tell.
2017-04-12 21:56 | Report Abuse
Wow today somebody heavily sell it. I already bought at 0.64, will top up if it hits 0.62. Pretty sure Parkson China is due to a reversal in fortunes, CNY period will help it.
2017-04-12 20:28 | Report Abuse
Eh, how come RI already done? Or is it yet to come? Can we buy and participate in the RI? Confused., :(
2017-04-11 21:25 | Report Abuse
So brothers, what becomes of the market cap of this company upon rights issue? It should increase, no? At a ratio of 8/5...yes?
To me the management is simply not forthcoming enough. They could be good/bad, but they just can't be damned enough to be clear with their shareholders.
2017-04-10 22:00 | Report Abuse
Results out in 2 weeks time. Should aim for EPS of 1.1sen++...if so it would be incredibly good.
2017-04-10 21:36 | Report Abuse
I enquired with their online support, they said that online brokerage is "negotiable".
Then later after talking, for a cash account they said best rate is RM12/0.1%. Is it "decent"? Or is it a bad rate?
Does anyone here have a Public Invest trading account? How much in brokerage fees do you pay?
2017-04-08 23:35 | Report Abuse
Namaste, to be a value investor you NEED a long term growth horizon. As long as you aren't making losses...you're already winning half the game.
2017-04-08 18:51 | Report Abuse
You have to do your own research. Start by reading The Intelligent Investor and One Up On Wall Street
2017-04-08 14:20 | Report Abuse
So what's the details about the RI? When will it come into force?
2017-04-08 13:46 | Report Abuse
But still, Parkson at the moment is undervalued. Here's to hoping with the CNY in Q1 2017, it manages to turn the company around.
2017-04-08 13:46 | Report Abuse
SmartyAlek, don't be so bashful. The bulk of the Parkson properties are in China. Have you looked at the property details? They are all leased ONLY. Properties in China are very different to Malaysia, I'm not sure you can sell without much government interference/tax. Plus those properties, many till about 2040's only the lease, not worth much.
2017-04-08 12:34 | Report Abuse
I guess this is just speculative play on LRT3. I'll keep holding but well aware it could fall back to RM0.60.
2017-04-08 12:34 | Report Abuse
Lol at the joker who said AirAsia is a small cap company. It's literally one of the largest 5 companies outside the KLCI. If it can double the share price in the next few years it will be in the KLCI.
2017-04-08 12:28 | Report Abuse
Noah, I'm just saying it could face difficulties in the short term while waiting for the new mill/plant to come online. Not this immediate quarter, but the one after that.
Anyway, I invest based on a margin of safety. I've read Benjamin Graham/Seth Klarman/Warren Buffet. This is a promising company, which is why it is on my radar, but it is not "cheap" enough for me to buy with an adequate margin of safety. As the best value investors would say, the immediate aim of an investment is the safeguard of your capital.
Prolexus is still on my watchlist and is a buy when it retraces to RM1.36. That's all. I monitor a basket of stocks so when one door closes, another opens, no biggie.
2017-04-08 12:20 | Report Abuse
Lol do drop, bet you it will rise once you leave! :)
Time you read your Dodds and Grahams.
2017-04-07 18:23 | Report Abuse
Aiya, little little kecut already. How like this? You think everyday go up up up? Today some major players took advantage of the high open to take profit. These are players that think AA is overvalued in the short term (maybe true). But just you wait, my opinion is AA will continue growing. India so much potential. PH and ID are going to be listed soon, and hopefully have stronger performances. Vietnam new opening. If you are long-term, you are no worried drop a few sen. Long term trend is what you want, and the AA macros look good.
2017-04-06 23:17 | Report Abuse
Depends. I think profits could decline leading to fall in share price in the short term. Good long term though. I missed the boat at 1.36, won't come in unless the stock reaches that low again.
2017-04-06 21:01 | Report Abuse
Margin of safety exists. Macros are looking up. Perhaps this is the bottom.
2017-04-06 19:43 | Report Abuse
Still, this will likely lead to irrational selling, just wait, and if margin of safety presents itself go in and $$$.
2017-04-06 00:47 | Report Abuse
Today CIMB push this kaw kaw
2017-04-05 23:04 | Report Abuse
This company seems to have lots of issues. I think post rights issue we could see some selloff. May be wise till then for outsiders to wait before jumping in.
2017-04-05 22:53 | Report Abuse
Huat Huat, can't be based on nothing. I also aim for TP RM1.20, but it has to be displayed in the quarterly results first. Otherwise this is just setting us up for disappointment in the short term.
Today at work I was browsing The Star and saw Armada was in the Top 5 most traded, at RM0.82, I almost got a heart attack, haha!
2017-04-05 22:26 | Report Abuse
Calm and steady. See the big picture. Don't be worried if tomorrow go down.
Blog: The Brotherhood between London Biscuits and Khee San
2017-04-23 03:35 | Report Abuse
So what should this tell you?