yup Muarmali, it's good to make sum from share...by me can't trade millions in contra...this online trading you must have the actual amount in the account...so, got to dispose carefully hehe
hei idris, u are like superman, like only ah, i dont like superman, he is too much, wearing an outside underware, actual fact u cant carry anything real heavy but today u carry mas and went up up and away, hahaha. my opinion is, as i have said its a national carrier it cant be at 30cents level, some form of news will comes in later and there u are back to a ringgit
Quote taken from Malaysiakini: The Performance Management and Delivery Unit (Pemandu) today stressed that the federal government has no plans to sell MAS, in response to reports quoting its CEO Idris Jala suggesting so.
According to recent Alliance Research, MAS have not hedged their Foreign Currency Loan. With the US Dollar appreciation against the ringgit, MAS need to repay more in ringgit terms for their foreign currency loan. Jet fuel is also quoted in USD. Therefore, there is a double effect.
look at today's volume, I doubt retail investors like us can 'eat" so many, if institution investors willing to pay that price to acquired then it might be a some tiny bright light end of the tunnel?
Idris Jala, as one of the key players in PM's economic team, are just testing the waters with this idea ..whc is nothing new..to resolve MAS's serious problems..remember the vehement protests agst the MAS Air Asia share swap n collaboration??They r just revisting this idea after the elections..MAS certainly cannot continue the same way...
as reported earlier Idris (whether real or fake) managed to deliver profit for 10 consecutive quarters for MAS, why can't the current CEO do that? Maybe they don't want to sell MAS at 0.50 but if at RM1.0, could be different. He said "not for sale for now"....not for now only, doesn't discount future decision. What if they bring Idris back to run MAS, get its share price to go way up and then they sell..........I don't think it is the end of the story here...reading between the lines, one thing is for sure is that the Gov't won't let MAS die!
Idris just sell off MAS building and other assets to pay off debts and make the book look black, you and me also can do the same tricks, too bad now there are no more assets to sell.
Of course selling off the building, but if i remember correctly, the proceed from the building was far to little to pay off total accumulated losses. I don't think the selling the building was the sole reason how MAS turned into profitable for 10 quarters. It has got to be some sort of prudent management, cost control, zero wastage, etc...even the decision to sell the building is one such prudent decision....
If we go by the supply and demand logic, than buyers shouldn't buy so price will go lower and buy cheaper.....Hehehe.....those who feel they have made enough, they will off load. Some realized profits and stay on the sideline when see direction, will re-enter at a higher price. That's trading.
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....
deadwood
204 posts
Posted by deadwood > 2013-08-14 10:06 | Report Abuse
yup Muarmali, it's good to make sum from share...by me can't trade millions in contra...this online trading you must have the actual amount in the account...so, got to dispose carefully hehe