Steady stream of income without much worry is uppermost in the minds of retirees.

ALCOM still rocks solidly today despite the TRUMP TURMOIL which make global markets quiver a bit.
Waiting anxiously for board management to fix the EGM date to pass the resolution to kickstart the capital repayment proposal. Proposal scheduled to be completed by September.

Probably by 26 May 2017 (next Friday)

Looks like the "buying entry level" is getting higher and pricey - something like 1.79 & above. I think Maybank's TP 1.90 can be easily broken. 1.840 has already been breached. It can go beyond 2.00. Exciting times ahead.

TRUMP SYNDROME

Wei Xidu, 1FB LIKE. Great attitude, great spirit.

TRUMP SYNDROME has painted the market RED.

What is Goldman Sachs, JP Morgan, Deutsche Bank? etc. reported cases have indicated that these so-called big boys are also cheats and have been fined by respective authorities for scandalous frauds.

Trust yourself, trust your own judgment. Trust the reality right before you. 0.32 sen repayment and 20.5 special dividend goes into your wallet when the relevant conditions are met. Simple as that. Worst case scenario, RM 525 return for 1,000 units you hold. (e.g. RM1.30)

I remember the case of RCECAP which was having similar cash repayment & consolidation of 7.5 sen. There appeared many experts too giving multiple negative and dampening views. Those who persisted stood to gain handsomely.

Through ESOS, RCECAP management has floated 730,000 shares yesterday to add some excitement to the counter while at the same time smartly engineered support to sustain its share price at desired levels.

I take it as an indication of a more than favorable quarterly report probably to be released next week.

Will RCECAP continue to outperform as a non-bank lender with further earth-shattering results? Look for more signals tomorrow and the days ahead. Hope all counter members will prosper.

Directors must have their pay cut. No dividend for years. Complain to Securities Commission and Companies Commission.

Peng1185. What happens today will give us a firmer confirmation.

Cindy_gal, 2 likes. Got insider intelligence?

Peng1185, could it be implicit signal of a very favourable QR due within 2 weeks?

To WHAT all these stories point to? The whole exercise of the "Proposals" is meant to benefit or rather to enable a big shareholder to 'mine' the company rich cash holdings?

Chua5888, don't despair. With uncertainty lurking in the market, there will be occasional dips. Dips are good opportunities for you to position in.

With the impending 4th QR around the corner, all kinds of noises are beginning to appear.

Cindy_gal, 1 LIKE.

Waiting eagerly to collect some more tomorrow.

Hey, chua5888, got any fish over at ALCOM?

Hopefully, RCECAP this coming QR will bring earth-shattering news with high dividend and special dividend and its share price will fly higher than all forecast TPs!
Heng0202, like you said, RCECAP unleashing its intrinsic power.

Looking forward to the QR with great expectations.

Not only laughing to the banks. Will be carving golden smiles in their sleep, too.

不客气, chua5888

Normally, I don't like to mention other counters here. But, I don't want my fellow RCECAP 'kakis' to miss a good 'ho khang t'ao,' & to have another easy source of income. ALCOM(2674) is having cash repayment of 0.32 sen per share & 0.205 sen special dividend. Check it out.

感恩 heng0202。

Bluemoon888888, so sure?

Mamipoko, results earlier than expected. Let's all go for it! BRAVO ALCOM!

The proof of the pudding is in the eating. Actual performance says it all, LOUD & CLEAR.
My position taken earlier upon announcement of Proposed Capital Repayment has been vindicated.
BUY, close eyes or go 'fly kite' & wait to collect big BONUS.

The price spark on 2 May seems to fizzle out.

RCECAP maybe should activate ESOS so that some early sweeteners in the form of 'low-priced' shares for a specific timeframe to kick start an exciting run up to the coming 4th Quarterly Report. At present only trading within a boring price range.

Upload photos to Google Drive and provide the link.

SP0094701, be patient. Rising tide will naturally lift all boats. Some conspicuous or inconspicuous signals to a favorable 4th Quarterly Report will surface sooner or later.

Some REITS prices as of yesterday. CMMT - 1.49, SUNREIT - 1.710, PAVREIT - 1.720, IGBREIT - 1.680, MQREIT - 1.32, AMFIRST - 0.78, HEKTAR - 1.59, TWRREIT - 1.20

An opinion poll (contd)
Do you think RCECAP will continue to OUTPERFORM? Why?

BORROWING IS AN ECONOMIC NECESSITY, NOT AN OPTION
INDIVIDUALS BORROW, COMPANIES BORROW, COUNTRIES ALSO BORROW

Banking statistics: Loan growth up at faster pace in March
StarBiz, 3 March 2017

PETALING JAYA: Loan growth expanded at a faster pace in March and analysts are expecting a recovery this year.
According to latest official banking statistics, loan growth for the banking system picked up and grew at 6% year-on-year (y-o-y) in March to RM1.54bil from 5.3% y-o-y at the end of February.

The recovery was supported by the business loans segment, which grew by 7.2% y-o-y in March, up from 5.4% y-o-y in February.

Working capital loans’ upward trajectory also returned, with a 6.8% y-o-y growth in March versus a 6.1% y-o-y growth in February.

“We believe working capital loans are a good proxy for overall business borrowing.

“This suggests that either business conditions or business confidence continues to improve, and we believe that this will have a positive impact on the overall loan growth in the coming months,” MIDF Research said in its report.
Household loan momentum also inched up from 5.1% y-o-y in February to 5.2% y-o-y in March.

However, the pace of residential mortgages continued to slide, as expected, from 9% y-o-y in February 2017 to 8.8% y-o-y in March 2017, due to a continued downturn in the property market which started in early 2015.
CIMB Research noted that banks registered a cumulative loan growth of 1% in the first quarter of 2017, which translated to an annualised rate of 4% y-o-y.

“Although this may appear to be lower than our projected loan growth of 5%-6% for 2017, we regard the first-quarter growth as in line, as we expect a recovery in loan momentum in the coming months, on the back of improvements in business sentiment and robust loan approvals from February to March,” CIMB Research said.

MIDF Research said it is not making any changes to its expectations of loan growth in 2017, and it would rebound this year.

“This is especially so as our in-house team is expecting Malaysia’s gross domestic product to pick up higher than previously estimated. We note that the recent upturn in loan demand and approval continued in March,” MIDF Research said.

It also noted that loan demand and approval in the first quarter of this year were higher than those in the same quarter of the previous year.

Meanwhile, Hong Leong Investment Bank (HLIB) Research pointed out in its report that it has maintained its 2017 loan growth forecast at 6% y-o-y, supported mainly by the business segment that would capitalise on development spending, as well as a recovery in the small and medium enterprise segment.

“We expect banks to post an earnings recovery in 2017, on the back of higher loan growth expectations; continued discipline in expenses and the ending of impairment programmes.

“We expect banks’ loan loss coverage to improve in 2017, given the slower trend of large provisions,” it said.

Whoa, price starts to climb today. Any special catalyst?

Lukesharewalker, I share the same sentiment. Dividend will be good. There may be a special dividend too.
There are some 20 financial loan service providers offering loans to civil servants. But, thumbs up to RCECAP for their smart management through focus on quality loans, CCRIS, higher fee income and prime-pruning loan impairment provisions.

Something surprising today. There seems to be strong support. Is it due to inflow of foreign capital? Probably, as our RM currency 4.5% depreciation is cheap valuation to foreign investors. I believe there will be upward momentum in the days to come.

KIPREIT is the cheapest REIT to own and still has growth potential. The management integrity is commendable as it is implementing the proposals in the prospectus. Although changes made to quarterly income distribution, it is in the interest of shareholders. Shareholders can have steady stream of income on quarterly basis instead of half-yearly basis.

KIPREIT, keep, keep, keep it up!

Agree with both of you, Markus & Balvin71. Must torpedo down the proposed increase in Directors' fees. Get MAA out of PN71 first.

An opinion poll (contd)
Do you think RCECAP will continue to OUTPERFORM? Why?

READ THIS NEWSPAPER REPORT - IS THE OBVIOUS Obvious Enough?

Cuepacs: Up to 100,000 govt staff may soon become bankrupt

The Star Malaysia
KUALA LUMPUR: Many civil servants are taking up more loans to cope with the rising cost of living, resulting in them being declared bankrupt.

Cuepacs president Datuk Azih Muda said civil servants from the middle and lower ranks were resorting to such measures, thinking that it would offset their expenditure owing to the rising inflation rate.

“How wrong they are. Our rough estimate shows up to 100,000 civil servants may soon be declared bankrupt. As of now, 3,000 of them are already bankrupt.

“This situation may worsen as many more are also taking up loans from loan sharks,” he told reporters during a launching of a Workers’ Seminar, in conjunction with Labour Day, yesterday.
Azih said they could lose their jobs or get suspended, resulting in more domestic problems like divorce and broken families.

“Just imagine if half of the 100,000 civil servants are married with children,” he said.
Azih said there were now at least 20 financial institutions, including cooperatives that had been appointed to provide loans to civil servants by way of monthly deductions.

He pointed out that these entities do not cross check the background of each applicant.
Citing an example, Azih said a civil servant, who is only eligible to apply for a RM50,000 loan, could go to four banks to apply and get a total sum of RM200,000.

“Some even submit fake salary slips to ensure that they are successful and this is when the problem starts.

“The Government should come up with a system to monitor this alarming situation,” he said.
Azih said given the present economic situation, government servants should tighten their belts rather than find a short and an easy way out.

“This is akin to digging a hole to fill another and in the end, there will be too many holes.”
Cuepacs has 1.2 million members and 106 affiliated unions.

Long-term in the context of civil servants opting for longer repayment plans. For example, 8 years repayment plan. RCECAP stands to gain from consistently recurrent higher interest income from longer repayment period.

Good input, thanks.

Yes, bullish. TA MACD, RSI giving positive indications.

An opinion poll:
Do you think RCECAP will continue to OUTPERFORM? Why?

Hopefully, personnel changes at management will bring the company's performance to a better level.

Food for thought:
1. Borrow money to fund capital repayment to shareholders. (Case e.g. ALCOM)
2. Borrow money to give out dividends to shareholders. (Case e.g. MAXIS)

Thanks, tecpower.

Banks are the most realistic financial institutions. Impairment risks are uppermost in all considerations. The fact that banks are willing to fund the undertaking may lend some weight on its viability.

Is borrowing money (instead of utilizing internal reserves) to implement capital reduction & cash repayment (0.32 sen) so as to build efficient capital structure a good rationale? Is ALCOM so confident that future revenue and profit can sustain debt payment, profit & return decent dividends to shareholders?

One case example which has successfully implemented similar capital reduction & cash repayment (0.075 sen) with subsequent 4-into-1 share consolidation is RCECAP. However, RCECAP (in financial sector) relies entirely on internal funds on the back of good balance sheet with consistently strong growth of earnings.