Selling of treasury shares reduces shareholder equities and increases assets..i.e.cash for the company.In Masteel's case..i not sure of the reason for such an undertaking,,,probably the company wants to increase share liquidity in the market ( perhaps...until the bonus issue..).meaning that...the company foresees /believes there will be a continuous demand for the company's shares in the coming days/weeks..
i feel that they sld sell their treasury share after bonus entitlement if they intend to push the share price after bonus allocation, in order to get more profit. still got huge 982,000 treasury share for them to dispose. let them finish selling , only may consider to buy .
SuperPanda is PE14 based on historical earnings? We need to look at future earnings PE which would be much lower due to more positive factors for the steel industry moving forward. Are you holding LionInd?
Yes, agree with Energiser. Future PE would be interestg. Rev up, earn up PE low. But thats long way ahead. I comment based on current down in vol.
I had sold lionind and mycron last wk. But would enter hiaptek if drop below 0.42. Also intrstd to buy masteel, will hve opportunity if correction/profit takg happen.
all technical indicator show overbought for MASTEEL,but as foreign investor start buying KLCI,i think now the price will consolidate in a range of 1.6-1.8 before bonus issue entitlement,as for next QR release,2.00 should not a problem
pang72 , sure got people buy at higher price , otherwise how all of we buy at lower price and selling at higher price ? Share market is like this , some people can buy at lower price and earn money and some peole buy at higher price and lost money. We are not prof , buy share must do home work and abit luck also. Alot people no buy this counter buy talk alot here , why? The answer is 1 . they envy us buy at lower price 2 . they want buy also but price up much already . Otherwise i cant understand why they talk alot here . Who earn who lost dont not matter with them. Or maybe they eat full nothing to do ...
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....
pang72
52,248 posts
Posted by pang72 > 2017-09-15 17:13 | Report Abuse
Just be steady!!