Sigh... tomorrow morning sure margin call again :(

1.8X coming!

https://www.facebook.com/photo.php?fbid=10151202958662088

New TIZIO store at Midvalley. From photo, it looks ..... beautiful.
I read somewhere before that Padini was planning a higher end for accessories? So, is this it? I think so.

I don't believe the company will buyback its own shares for 2 reasons.
1. Historically, this company has never bought back its own shares.
2. If this company didn't buyback its own shares earlier this year when the price was around 1.5X, why would the company buyback its shares now at 2.0X?

Stephen, where did you hear about these "noise about big investors disposing"? There's no announcement at Bursa as far as I'm aware of.

Still another 10sen to reach my ABP :(
At least the margin calls have stopped :)

I have already sold others to buy Padini. Because no more cash to top up the margin call. Now only have Padini in my portfolio. I got screwed by MEGB. Lost 50%. Cut loss. Then I said to myself in future invest in fundamentally good counters with a long history. Now getting screwed by Padini. Sigh.. feel so sad.

No funds want to be caught holding the bag. So when one fund sells, all the funds also sell. Hahahahaha.

So, in the end, there's no hammer. Brace for more selling!!

Looks like a hammer is forming. But cannot be sure until the day closes. This could be the bottom.

Pita, my average cost is about 2.17
Some more is bought with margin.

Tomorrow I'll surely get a margin call.

This stock is history.

i think if you queue 1.95, will get next week.

It seems this stock is going through a distribution cycle. We might not see the bottom yet.

No fund is interested in buying this stock because its earnings is within expectations. Funds will only buy if its earnings is above expectations.

Looks like it's not oversold after all. RM2.00 is going to be the new normal range. Maybe two weeks later the normal normal range is RM1.90

So now we know it was Ambank selling yesterday.
http://www.theedgemalaysia.com/business-news/222418-padini-shares-have-fallen-since-opening-of-ham.html

Bought 2.01, 2.02, 2.04
Lets see if it breaks 2.00 tomorrow. Maybe in the morning there'll be some panic sellers.

Maybe insiders are selling because the Q1 results will not be as good as forecasted. Q1 = July, August and September. The accounts for September should be closed anytime now.

OK.

Anyway, people will feel the pinch on the household budget after the elections.
Petrol increase.
Electricity increase.
Implement GST.

Already the subsidy for sugar has been reduced and it's only a matter of time before the drinks at the stall hike up their prices.

I am sorry you think the Padini quality is same as a Tesco in-house brand.

The truth is, every household (and company) have a limited budget. If suddenly everything you spend on has a 5% GST, then will you increase your budget by another 5%. If not, what can you do? The only two things you can do is cut down on spending or switch to a cheaper brand.

Then the GST should be a good news.

In the short-term, will boost sales as people buy first before the GST comes into effect.

I understand that Padini price range is low to mid range. Then the GST will add a low to mid tax amount onto the total bill. Those competition with a higher price range, then the GST will add a high tax amount to the total bill. Possibly consumers will opt for Padini instead of the higher brands.

Is true that the GST will result in consumers having less dollars to spend. But if a consumer needs to buy, then the consumer will have to buy.

There are 3 things that the consumer need. Food, clothing and a roof over the head.

For every buyer, there is a seller. The only question is, "who is buying and who is selling?"

There is alot of selling pressure between 2.10 to 2.15. Are the institutions selling or buying?

The management has already indicated that besides Indonesia JV with FJ Benjamin, they are not looking to expand in another country for the time being. So, that leaves only the domestic market, and the local outlets expansion has slowed down. Only one outlet was opened in Farenhiet. No new outlets due to open in the remaining months of this fiscal year. So local expansion has also stopped.

This counter will only see a meaningful rise in price if the next earnings report is better than expected. Between now and then, I expect this stock to trade sideways, unless Europe starts a global financial crisis.