Comments: DAYA’s technical picture looks positive as the share price edged up towards the Andrew’s pitchfork uptrend median line (RM0.335) to mark a resumption of the previous up-cycle. Should the crucial RM0.365 resistance is taken out as well, we believe that could clear the way up towards RM0.400 soon, based on objective measurement.
@jerry,kenaga & public bank estimates are based on actual EPs, daya previously gave out 2.5% of 10 cts. Actual yield based on 10cts share capital is 2.5%,based on 25 cts price is 1%, on,based on 30 cts is less than 1%.My calc is on high side , based on actual earnings 80/500 not based on dividend yield.based on dividend yield is a sure hit. Hence 0.45 is a definite hit by march 2014 , barring unforseen circumstances.I do not know why company is selling treasury shares(which i do not view positively) Hope that additional profit can be used to reward share holder with a higher dividend yield. may indicate that company is rushing to achieve a higher yield without affecting company day to day operations or dividend expenditure
i am not worry about daya . worry about a us crash. that will cause a ripple through our market.Should we follow daya mgt by selling (treasury) shares?& see what happens around year end?
Just got to know this counter have oil and gas relation! At 31 cents very cheap! Very new so don't know much! Don't know what margin! Further study needed!
I just bought Sersol W today at 0.25c . Looks like there is more faith in Sersol W . For Daya , keep on hoping but make sure it does not break below 0.30c or else run for cover..
Just for recap, this counter reminds me of Scomie very slow, very heavily traded , very big volume but then keep going backward from 0.400 to 0.425 for short time then down to 0.365 for looooooong time. But al least that bad and in red company trading @0.355 much much better than in black, with ordering book worth 2 billion Daya @0.315.....still stuck...
he..he ..he nice one 0bucks. it is Zero Bucks . even the worst counter, Sumatec doing well luhh. small Q by either buy or sell. but trading the region 10%-20%.. yesterday alone climbed from 0.455 to highest 0.630 ( 33%) but closed @ 0.595.... want to jump the boat lah....
many people didn't read that daya SOLD BACK shares bought back: DAYA MATERIALS BERHAD Stock Name DAYA Date Announced 25 Sept 2013 Category Notice of Shares Buy Back by a Company Pursuant to Form 28B Reference No CC-130919-49432
Date of shares sold from 19/09/2013 to 19/09/2013 Date of shares cancelled from to Number of treasury shares sold (units) 2,500,000 Currency Malaysian Ringgit (MYR) The minimum price at which the treasury shares were sold ($$) 0.320 The maximum price at which the treasury shares were sold ($$) 0.320 Total consideration received for the treasury shares sold ($$) 797,160.00 The name of the Stock Exchange through which the treasury shares were sold Bursa Malaysia Securities Berhad Total number of shares still in treasury (units) 13,220,700 Number of treasury shares cancelled (units) Total issued capital as diminished Date lodged with registrar of companies 25/09/2013 Lodged by Symphony Corporatehouse Sdn Bhd
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papaya
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Posted by papaya > 2013-09-26 22:10 | Report Abuse
no wonder feel like someone press down the price........company keep on selling treasury shares.....