Calvin, will company continue to buy back more more shares. 2m share buyback, not much wor! Hope they buy back more. Will they continue to buy more? have a great night and weekedn Calvin and to all our regulars.
Yesterday buy back was 10 mil shares, today 2 mil shares.
In Latest Proposal for this Coming AGM Company seeks fresh mandate for further share buy back. So share buy back will continue. Company has RM1.5 billion cash!
hopefully af this round, BJ Corp gains more confidence from the investors! ie...solid supporting its shares while there are turbulent outside!... this shall be the way to gain respect from the crowds... well done!
A VERY GOOD MORNING TO ALL HERE AT BERJAYA CORPORATION
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Some more bought 10 million when share was lowest on Thu - that is what I called aggressive buying to support the share price ... only cash rich companies can do this ..
Recent bear market caused by weak economy data from Europe/China, Greece debt and ebola. need to be a bit more caution when to meter and exit the market.
Anyway, for this bjcorp support level is 0.470. Could be a good timing.
The recent market correction was a re-pricing of risks in a slowing global economy in anticipation of credit tightening by the FED with interest rate increase hence dousing valuation. It is very obvious that any credit tightening measures wont be good for stock valuation. Last Friday, it was not a certainty that QE will end in view of the slowing economy and consequently a de-pricing of risks is already taking place. Rather than predicting a dead cat bounce and waiting for it, I would rather focus on - will the FED delay tapering as world economy slows, how long will the delay be - will ECB and Germany QE aggressively. - will the Euro depreciate to 1.15 to 1.10 USD or even parity with USD as a result of aggressive QE by ECB? - will Germany's and the European economy rebound with a weakened euro? - will ebola be contained(the general expectation is it will be) - will crude oil stabilize at USD 80 - USD 90 per barrel and how would the major producers decide - if the European economies rebound, what will be the price of crude oil then? - will China's economy improve
A de-pricing of risk indeed had already happened since last Friday and barring any explosive outbreak of ebola, the stock market will resume its upward climb in Q4 2014 into 2015 if the above scenario pans out gradually.
The Bible Predicts in The Book of Revelation Chapter 6 Verse 6
"A LOAF OF WHEAT BREAD OR THREE LOAVES OF BARLEY BREAD WILL COST A DAY'S PAY"
This Will Be The State of The World Economy in Coming Future.
Wheat is normal bread and barley loaf is known as poor man's food. Or in Calvin Tan's Interpretation.
"Our Daily Salary Can Only Afford A Day's Decent Meal For One Single Person. If you have other mouths to feed, then you can't even afford a decent meal - you might economize by eating maggie mee."
And this is not caused by deflation because there is no money. THIS IS CAUSED BY HYPERINFLATION BECAUSE MONETARY VALUE IS DESTROYED BY MONEY PRINTING!
To Protect YourSelf From The Dilution of Money YOU MUST INVEST - LIKE IT OR NOT!
At least you dare to buy when price is low when others are fearful.
There are Traders. Buy low and sell high.
Then there are Market Timers. Only buy during market crash.
Then there are those who invest long term. Buy & keep through good or bad times. Certain stocks like Coca Cola, McDonald, Starbuck Coffee & Wrigley Chewing Gum which will last for "forever"
Each must learn his own skill & be comfortable with what you know.
Without datuk with his bluffology & eccentric temperamental cat our BJ Corp is now moving up steadily. Calvin just discovered a nice new name for BJ Corp
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....
forty40
27 posts
Posted by forty40 > 2014-10-17 17:06 | Report Abuse
theyrenn : this is the fire works u mention ?