KYY: When there is good news, investors rush in to buy the stock until it is overpriced. When there is bad news, shareholders rush to dump their holdings as if there is no more tomorrow.
Isn't the 14B expansion plan a good news ?
Why it is a good news not a bad one ?
The management had already brought the company to the net cash position with hundred millions of cash in hand, generating more and more free cash from operation each year, zero borrowing now, paying us better dividend year after year and net income improving year after year. Are these not enough to tell that they are indeed very efficient? then is it possible , in the very near future, the 14B expansion plan can turn into a "wow" that drives the price to sky high.
if you still insist that those Hengyuan promoters are better persons to judge the future of Petronm, then I beg to be different, I view it as they are using a great company , Petronm, to prove the worth of Hengyuan which is still heavily indebted.
Posted by ocpd > Mar 4, 2018 12:33 PM | Report Abuse
Simple, no money going into petronm management side pockets if outright buy HY. On the other hands, plenty of hanky panky with rm14 bil construction project!
what sort of mentality are those supporters of Hengyuan .
to be fair , i must say , pang72 is smart, he had made a lot of money in hengyuan. he will join us tomorrow because he has confirmed I am here. he knows I can bring him "ong"
how about ocpd ? just praise him "pandai" he will be very happy.
Chart changes everyday but the fundamental of a company will not change overnight. If you think it is a good buy, you must start accumulating when the price is reasonable and buy more when the price drops further. I believe most of the right thinking investors of petronm will agree with me, the fair value of petronm is worth more than RM15. At the current price of 10.50, the market has offered you a 30% discount. Which business around you can provide you such a margin. Waiting is good but keep on waiting lower and lower can be the biggest weakness in your successful investment my successful trading experience in both hengyuan and petronm last year said everything. You must start doing something when the price is cheap Not keep waiting lower and lower. Then you missed, turn into sour grape and start cursing this person that person and work very hard sharing misleading information and fear.
A grp of investors with some RM80 mil cash in hand is actively collecting Petronm starting last week and as at todate only absorbed about 80K units and its aim is to collect approx. 2 mil units for an investment horizon of 2-3 years.
From the Petron 2016 Annual Report the largest shareholder was Petron Oil & Gas International Sdn Bhd and they own 73.4% . The remaining of 26.6% own by smaller shareholder. And the second largest shareholder not even 1%. I think there will be more institutional shareholder in the 2017 annual report. I think Petron Oil & Gas will still remain their holding as 73.4% this leave the share outside the market very little. When more and more people keep the share for long term the share price of the share will remain strong.
Yes, you are right. Petronm has very little free float shares in the market. This is an advantage and also a disadvantage. If there is a good news, the price will shoot up sky high. I believe the 14B expansion proposal is a good news.
if you got money now start buying for April rally !!! Stock: [PETRONM]: PETRON MSIA REFINING& MKTG BHD
Feb 28, 2018 01:46 PM | Report Abuse
Last month I already informed wait for hy to crash only buy mah... do u remember I said hy will tai zi tuah tiau !!! Anyway can buy a little if beliw 10.5... if break 10.5 then buy more @9.90 to 10....if break 9.9 run for your life !!!!!! That mean no future for petrols stock !!! Shift all funds to packaging n fintecch related shares !!!!!!
The reason is simple buy more earn more the logic is simple when people want to sell a good stock with 25cents dividend to you at a cheap rice , my common sense says buy.
let say you intend to buy 10k share at 12 and hope to make a 30% return people want to sell you cheap so you buy more and more slowly at the end you collected 20k shares and the cost is reduced to 11 later if you able to sell all your holding at a 30% return at a lower TP what is final result 12 x10000shares = RM120,000 120,000 x 30% = 36,000
so you gain 30,000 more than you have wanted initially
you can always win more if you can survive longer than the market but the main criteria is you have chosen the right stock to play
what happen if the market proves you wrong later then, tell yourself , this is the amount you owed the winner in your previous life now you pay back . no more debt after this and your luck will come.
do not forget shares trading is rich man game , if you have no money , then you can only wait and hope it will go lower and lower until you can afford to buy
if you have money , then every time the price goes lower is an opportunity for you to gain more
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
pang72
51,239 posts
Posted by pang72 > 2018-03-04 12:46 | Report Abuse
Aseng, do You still own Petron? I guess you are not!!