When a corporate exercise made, like bonus. Its subject to egm approval. Those whom condemn bonus should attend egm and vote. See if u r right than others.
If vote is >99%, means u r belong to 1% minority. So u still that u r better thinking than 99%??
Masteel is able to deliver impressive earning reports, while its inventories is highest per market capital as compared to other long steel manufacturers. I still think current price is undervalue on its future prospect, although I already bought as much as possible..
Bonus issued before the announcement of quarterly result goes the show the company is confident of good result...it may also want to declare dividend to reward the share holders thereafter...
Trump said another 1k point today. He told me Asian sohai, DJ purposely push up by fund manager last time to 26k, the simply shake a bit, all scare till Chua sai. Trump said he will collect steel as he going to spend trillion to improve infrastructure of US. He aim all steel company now.
Stupid research, stupid technical, teaching people to earn around 15 sen, and cut loss around 15 sen. Might as well go for sicbo taisai. I think most the genting dealer can be analysts then... Rhb research...lol
EX-date 12 Feb 2018 Entitlement date 14 Feb 2018 Entitlement time 05:00 PM Entitlement description: Bonus Issue of up to 106,810,281 new ordinary shares in Malaysia Steel Works (KL) Bhd ("Masteel") ("Bonus Share(s)") on the basis of 1 Bonus Share for every 3 existing ordinary shares held in Masteel at 5.00 p.m. on 14 February 2018
Just went through a -1000 -500 -1000 difficulty during this week. Must be exhausted. I suggest you guys to rest and get ready for the battle next week.. Happy week end.. Dont quarrel and be happy
Trump officially called to bursa boss yesterday to extend bonus ex date to tuesday because of alot of people mistaken it can entitle on the ex date, bursa responded OK. 13th.
Trump officially called to bursa boss yesterday to extend bonus ex date to tuesday because of alot of people mistaken it can entitle on the ex date, bursa responded OK. 17th
After ex bonus 12/02/18 Monday opening should be 1.14 (not mistaken is round down). Any price below 1.10 is a strong buy range.
Those who still interest to invest Masteel may get it from market between 1.12 to 1.15 easily before Q4 results announce on 23 to 25th of this month. As i have highlighted previously most of us estimated Masteel should minimum get 20mil profit, therefore full year 2017 earning will roll to 82 mil.
After bonus total share 427 mil, still can get EPS 19.2 cents, PE with current price 1.14 is merely 5.93 only. cheap rite?
The bonus whether diluted or not, just a simple calculation use PE to measure....
I personally feel that Masteel will rocket high again with new TP of 1.35 to 1.40 before 31/03/18.
Grad the opportunity before it rocket high again!!!
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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2018-02-09 09:09 | Report Abuse
When a corporate exercise made, like bonus. Its subject to egm approval. Those whom condemn bonus should attend egm and vote. See if u r right than others.
If vote is >99%, means u r belong to 1% minority. So u still that u r better thinking than 99%??