In year 1997/8 I was 100% out of Klse. In 2007/8 I sold all 130 COUNTERS EXCEPT OPCOM AND UMW. LAST WEEK I HAD ONLY 2% INVESTED. THIS WEEK I INCREASED TO 3% OF MY CAPITAL
I SHALL BE MORE HAPPY TO BUY EVEN MORE IF THIS CORRECTION GETS CHEAPER AND CHEAPER
Last year Yilai gave gross div yield 8%. Yilai has dropped below RM1.00. Hopefully it will drop to 80 cents. Then you will get 10% gross dividend yield
Yilai has a change in the ownership lately. The results and dividend policy of the past may not be repeated. Be careful when reading it. Used to like this stock, but didn't buy due to small cap, personal preference is company with NA or market cap above 500 millions.
Shares buybacks has been 98.3m between 46.5-49.5c in 2014, 5.6m between 52-58c in 2013 n 17m between 60-96c in 2012. Earlier buybacks amounted to 98.3m but not sure when n at what prices. If we assume the earlier buybacks were at around $1, then the average price of the 182m treasury shares would be around 68.5c each or $125m in total. The main bulk of was bought this year at the least costs.
The price has folded twice from a high of $1.87, 56 months ago, to 46.5c just over 2 weeks ago. Since then it has retreated a further 18 % to challenge a new low of 38c.
Interestingly. the share buybacks came in at around the 1st fold from the 56 month high price and stopped around the 2nd fold. Since then who have been buying below 46.5c and who are the sellers? Hasn't it been an easy task to set the new lows lately with the fear factor at its height?
Wouldn't you say that the accumulation process is imminent now?
the lower the petrol fee, ppl likely to consume more.... kikikiki.... and than hoh, Bjcorp got variety of consumable products and services.....kikikiki
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....
leno
6,123 posts
Posted by leno > 2014-12-16 14:54 | Report Abuse
hahahahaha ... amateur amateur ....