Posted by Jaya > 2019-01-17 12:52 | Report Abuse

Graham
It will be nice

Posted by bsngpg > 2019-01-17 13:48 | Report Abuse

Hi SH: do you know if we can get dividend declared by GKent during the tenure of lending? What is the minimum locking period? Tq

Posted by sharinginfoz > 2019-01-17 13:58 | Report Abuse

Possibly affin borrow the stock and lend to a trader and charge the fees. The trader then will sell the stock in hoping that to buy lower and make profit then return the stock to affin.

Posted by SHQuah > 2019-01-17 14:15 | Report Abuse

Maybe syndicates need to get more GKENT shares in order to goreng higher and higher and return us back by only giving 4% interest.
Yes, we can still get dividend declared by GKENT.
Locking period.....I can only know when I go down to AffinHwang office.

Posted by sharinginfoz > 2019-01-17 14:28 | Report Abuse

The only way syndicate to gain is sell the share then buy lower. Just my opinion. By the way, i am still holding gkent as i believe fundamental is strong. Seen the price touching 75 sen and luckily did not dispose.

Posted by SHQuah > 2019-01-17 14:49 | Report Abuse

https://www.theedgemarkets.com/article/affin-hwang-launches-securities-borrowing-lending-retail-investors

Affin Hwang Investment Bank Bhd, in collaboration with Bursa Malaysia Bhd launched its Securities Borrowing and Lending (SBL) to enable retail investors to lend out their idle shares and earn interest income over and above the dividends they would normally receive.

Only a few selected good potential company like GKENT is in the listing.

Based on current share price up trend, I don't think syndicate will gain by selling then buy back.
What will happen if they sell and can't buy back a lower price. They have to return the share to owner with 4% interest.

They know all these good potential stocks can go higher. That is why they are so confident borrow the shares by giving interest.

Posted by GrahamNewman > 2019-01-17 14:52 | Report Abuse

Overall i dont think lending stock is a good situation for us because they are likely to be shorting the stocks they borrow. If they are going for long position, they would just buy on the open market.
We will have to scrutinise the agreement to consider if this is good. Note a very dangerous condition when lending your stocks: When a security is loaned, the title and the ownership are also transferred to the borrower.

Posted by Steve Jub > 2019-01-17 14:56 | Report Abuse

finishing 1.05

Posted by Steve Jub > 2019-01-17 15:34 | Report Abuse

finishing 1.06

Posted by anzo888 > 2019-01-17 15:34 | Report Abuse

they are borrowing your shares to lend out to short sellers. Unless u are holding yr shares on a long term basis[2/3 yrs], it would be rather silly to lend them yr shares

Posted by SHQuah > 2019-01-17 15:36 | Report Abuse

I will not lend them but I will buy even more.

Posted by Steve Jub > 2019-01-17 15:37 | Report Abuse

sweet

Posted by Jaya > 2019-01-17 15:37 | Report Abuse

Graham
The deal I think will favour gkent by taking shares of the shelf
Affin gain with dividend & fees
Bank also got to make money
I think the company will also do sbb
Take a larger volume of the shelf

Posted by Steve Jub > 2019-01-17 15:37 | Report Abuse

1.07

Posted by AbdulMaalikBinUthmaa > 2019-01-17 15:44 | Report Abuse

1.07? its still 1.05 now

Posted by Jaya > 2019-01-17 15:51 | Report Abuse

Graham
I also think they will have a lock in price with the individual
Similar to the equity release companies with houses

Posted by SHQuah > 2019-01-17 15:51 | Report Abuse

http://www.bursamalaysia.com/market/products-services/securities-borrowing-lending-sbl/sbl-eligible-securities/

There are a total of 263 stocks under Securities Borrowing and Lending (SBL). Gkent is only one of them.

Posted by Jaya > 2019-01-17 15:59 | Report Abuse

SHQuah
I think it is good as the company is trying to protect its shares from shorters

Posted by Jaya > 2019-01-17 16:02 | Report Abuse

Only thing is any future gains once locked in is the banks I think but you still get your 4 percent
Can you find out for me and let me know please

Posted by SHQuah > 2019-01-17 16:11 | Report Abuse

Ya, you still get dividend & Bonus even the share is with them.
When they return to you, your share is according to actual market price.

The only problem is you can't sell during that period. But you can buy more on your own.

Posted by Steve Jub > 2019-01-17 16:11 | Report Abuse

that's good

Posted by Steve Jub > 2019-01-17 16:11 | Report Abuse

tomorrow to break 1.10

Posted by erkongseng > 2019-01-17 16:11 | Report Abuse

SHQUAH :THANKS FOR SHARE

Posted by SHQuah > 2019-01-17 16:11 | Report Abuse

MRCB is also in the listing

Posted by Steve Jub > 2019-01-17 16:21 | Report Abuse

thanks shquah

Posted by Steve Jub > 2019-01-17 16:44 | Report Abuse

sold . sweet

Posted by faralenz77 > 2019-01-17 16:48 | Report Abuse

Just the beginning of uptrend..

Posted by FaatihBinKanaan > 2019-01-17 16:52 | Report Abuse

gkent flying today?

Posted by Jaya > 2019-01-17 17:03 | Report Abuse

SHQuah
That is a good deal bro if are long term investor
Thanks for the info

Posted by Jaya > 2019-01-17 17:09 | Report Abuse

Nice close

Posted by hitori00 > 2019-01-17 17:24 | Report Abuse

Wat is the target price?

Posted by hitori00 > 2019-01-17 17:24 | Report Abuse

why recently shoot, any good news?

Posted by ChanZheKang > 2019-01-17 17:33 | Report Abuse

gkent good day today

Posted by erkongseng > 2019-01-17 17:34 | Report Abuse

KUALA LUMPUR (Jan 16): AllianceDBS Research said George Kent (M) Bhd (Gkent) had on Jan 15 crossed over the 97.5 sen hurdle to a high of RM1.04 before settling near the day’s high at RM1.01 (up 10 sen or 10.9%).

In its evening edition Jan 15, the research house said the crossover of the 97.5 sen hurdle would likely see Gkent trading upward with the next upside target pegged between RM1.12 and RM1.18.

It said risk taking traders can establish a buying position at 97 sen on a small pullback.

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“Once a buying position is established, a stop loss at 93.5 sen level must be placed for risk capital protection, and this 93.5 sen is to be followed by a trailing stop loss strategy.

“If you are prepared to take a trading loss risk of RM35 (excluding brokerage) for RM150 – RM210 potential profit, you may acquire 1,000 shares with a capital amount of RM970 assuming buying order is filled at 97 sen,” it said

Posted by GrahamNewman > 2019-01-17 17:35 | Report Abuse

Jaya thanks for clarifying. Sounds like it’s a good scheme for the market for gkent. But personally I would rather have full control of my shares. 4% is nothing compared to the potential gains.

Posted by mon3y > 2019-01-17 17:36 | Report Abuse

Luckily didnt cut loss a month ago......

Posted by tamp0i > 2019-01-17 17:43 | Report Abuse

Still holding tight, thanks Gkent for the dividend too hehe

Posted by Jaya > 2019-01-17 17:55 | Report Abuse

Graham
Please read SHQuah reply to my request for info from me
It will clarify it even further, but in my opinion it is a good thing for long termers

Posted by Jaya > 2019-01-17 17:58 | Report Abuse

Hitori00
Just keep bro you will be ok in my opinion

Posted by ChanZheKang > 2019-01-17 17:59 | Report Abuse

how high gkent expected to go?

Posted by hitori00 > 2019-01-17 18:12 | Report Abuse

I brought at 1.18 almost want cut loss at. 755 luckily still holding and add some at. 82

Posted by sharinginfoz > 2019-01-17 18:15 | Report Abuse

My understanding on SBL

Note: Not my view on future price of gkent. Just for understanding. Pls correct me if I am wrong.

1. Principle is you have to return the borrowed stock.

2. For example lending fee: 4% p.a. (owner of stock will receive). Borrowing fee: 6% p.a. (borrower will pay). Current price= RM1.00 (of course today's closing is RM1.10). Borrowed units=10,000 units worth RM10,000

3. T30=RM1.20 (borrower sells 10,000 units = RM12,000.

4. T60: Owner of stock receives dividend of RM100 (1 sen per unit)

5. T90=RM1.10 (borrower buys 10,000 unit=RM11,000) and return the stock.

6. Effect: Borrower get profit of RM850 (RM12,000 - RM11,000 - RM150). RM150 is the cost of borrowing for 3 months at 6% p.a. (RM10,000*0.06*3/12)

Bank get income of RM50 (RM150 - RM100). RM100 is fee paid to the lender of stock for 3 months at 4% p.a. (RM10,000*0.04*3/12)

Owner of stock net worth increase by RM1,200 (RM1,000 + RM100 + RM100). RM1,000 for increase of value of share (RM1.10 vs RM1.00 for 10,000 units). RM100 for dividend and another RM100 for fee received for lending the stock.

Comments: Everybody is happy but owner lose the chance to sell at higher price as he has no control over the stock for 3 months

Posted by rr88 > 2019-01-17 19:54 | Report Abuse

Armoured tank style goreng. Once done unloading, free fall.

Posted by malpac63 > 2019-01-17 20:16 | Report Abuse

All of a sudden, gkent has gone ahead of hibiscus and myeg. One more goreng might push it first to 1.20.

Posted by bsngpg > 2019-01-17 20:53 | Report Abuse

Thks to SH & sharinginfoz. With SBL, we can gain 4% extra on top of 5% div yield(assume), total yearly return is 9%. If we plan to keep for years, why not lending out yo gain extra 4%.

Posted by oasischeah > 2019-01-17 21:39 | Report Abuse

It has reached my cost price now. Not sure what to do now. Hope tomorrow will go one step up again.

Posted by malpac63 > 2019-01-18 03:15 | Report Abuse

You may suddenly need money for emergency. Gkent may suddenly shoot up and you cant take advantage of it by selling and then switching to another counter. All for 4%? I doubt reward is worth the risk.

Posted by erkongseng > 2019-01-18 04:40 | Report Abuse

http://kongsenger.blogspot.com/2019/01/gkent-3204-rm110.html?m=0

Posted by SHQuah > 2019-01-18 08:27 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/01/17/bull-market-is-coming-back/

Bull market is coming back

Posted by ChickyWaWa > 2019-01-18 08:49 | Report Abuse

After 6 months of bad news, finally something good came out... https://www.thestar.com.my/business/business-news/2019/01/18/new-lrt3-contract-to-be-signed-soon/. No wonder price shoot up so fast for past few days.