Posted by Jerry > 2013-09-24 17:10 | Report Abuse

If buy back dint initiated above Rm1.80, it's hard to go futher. Anyway, i do hope them to collect more regardless of what price rather than pushing it up too much.... It's ok for me to keep..

Posted by hng33 > 2013-09-24 17:32 | Report Abuse

Its depend on supply and demand. Everyday, YTLP keen to buyback more volume but at lowest possible cost with no intention to sellback but to cancelled it later. Free float and share volume will gradually reduce and selling pressure also easing unless, EPF indeed wanna sell below 5% market to be ease as substantial shareholder of YTLP. With YTL share buyback and keep in treasury for later cancellation, supply of share in market will reduce, and seller also now know they can keep to capitalize higher upside, YTLP share buyback will force to increase bid day after days in order to keep buyback more share. Based on current treasury share of just 1.25%, it still far behind for its to accumulate another 3.5% to execute second round of cancellation, Therefore, to accumulate more, share buyback will increase share price further.

Posted by hng33 > 2013-09-24 17:44 | Report Abuse

Buyback 67% of today total volume, range RM 1.76-1.78, increase another 0.09% to cumulative to 1.38% in treasury stock

Posted by hng33 > 2013-09-24 21:57 | Report Abuse

Kuah

Stock with share buyback cannot analyses base on technical chart, its not accurate anymore. This is because despite YTLP trading at RSI >95 (overbought), share price will continue keep at these level as so long YTLP keep share buyback and keep as treasury. Don't expect share trading volume will distribute back to open market for profit taking as YTLP will keep these share in treasury and once accumulate enough will opt for second round of cancellation, which essentially permanently reduce share volume in the open market already.

Posted by Harvard57 > 2013-09-24 23:43 | Report Abuse

when yeoh cut down the dividend every year, it's clearly indicate that the family want to keep the cash for privatisation.

Posted by Voon Choon Foo > 2013-09-24 23:57 | Report Abuse

up up

Posted by hng33 > 2013-09-25 09:13 | Report Abuse

Harward57

Yeoh in previous interview did mention that if investor see YTL company share buyback, its mean investor can expect some material corporate exercise going to take place soon.

Previous case: YTL corp share buyback : take over YTL cement via share swap + special share dividend in species 1 for 15 ; restricted offer for sale for YTLP-WB 1 for 15.

Posted by hng33 > 2013-09-25 09:38 | Report Abuse

YTLP vs. YTLP-WB

YTLP-WB is very passive and laggard to follow its mum share. It currently still trade at discount of 5sen. This is justifiable as major pull force is from YTLP share buyback, it only can buyback YTLP share but cannot buy YTLP-WB due to rules and regulation. If wanna to take profit, it may need to wait little longer as YTLP still uptrend mode, it will move 1 sen by 1 sen, slowly will move up. Its YTLP-WB although is passive mover, it will also move in tandem, may be in half of the speed compared to YTLP eg. YTLP up 1 sen, YLP-WB up 0.5sen.

Alternatively, can opt for warrant conversion, paid RM 1.21, and sell back to reap 5sen in 2 week later. Furthermore, as YTLP still in uptrend, it highly possible to gain more than 5sen as 2 week later YTL share price may trade above RM 1.80 already

Posted by smartly > 2013-09-25 11:35 | Report Abuse

if so, let's work out.

Current,
mum = 1.78
son = 0.52
2 week later, up 1sen vs 0.5sen,
mum = 1.84
son = 0.55

convert 10,000units, you spend :-
10 * 1210 = 12100, (+) your cost on son 10 * 520 = 5200
total invest = 12100 + 5200 = RM17300

2 weeks later, you earn :-
10 * 1840 = 18400, (-) 17300 = RM1100 (extra)

VS

use the RM17300 buy into son 33,000units @ 52sen = RM17160
2 weeks later, you earn :-
33 * 550 = RM18150, (-) 17160 = RM990

make extra RM110(1100-990) if convert, like that better convert.

Posted by pineapple > 2013-09-25 11:38 | Report Abuse

Smartly .. nicely done. Tq for illustration

Posted by smartly > 2013-09-25 11:53 | Report Abuse

BUT, not very realistic if up 1sen vs 0.5sen,
you see, by time
mum 1.84, son 0.55sen, mean the discount is very very .... BIG

0.55 + 1.21 = 1.73
1.84 - 1.73 = 11sen

> 5.9% DISCOUNT !!!.... this son is extremely "undervalue" by then.

Posted by armadasaxon > 2013-09-25 13:53 | Report Abuse

still got ppl dreaming of privatization here..reli joker

Posted by smartly > 2013-09-25 14:18 | Report Abuse

why jump into conclusion so fast ?

Posted by miketyu > 2013-09-25 14:19 | Report Abuse

The company still has high debt. i think they still public shareholder money to fund. Probability for Privatization is quite small for me. Take profit for now before fund managers sell down the share on november

Posted by smartly > 2013-09-25 14:24 | Report Abuse

please named the fund managers that will sell down.

Posted by smartly > 2013-09-25 14:37 | Report Abuse

seeing is believing, now the data show otherwise.

Posted by smartly > 2013-09-25 14:43 | Report Abuse

like hng33 said, chart don't apply anymore since it is a buyback.

you have doubt to your question mark there ?

Posted by hng33 > 2013-09-25 14:47 | Report Abuse

kuah

Under normal circumstance, yes, base on chart, its look like distribution, However, current buying force is from YTLP own share buyback activity. Chart and technical analysis is not applicable in YTLP case. YTLP buyback 60-80% of everyday total volume traded, and these share will keep in YTLP treasury stock, will not sell back to open market, therefore, distribution phase will not exit.

Posted by miketyu > 2013-09-25 14:51 | Report Abuse

http://klse.i3investor.com/blogs/kltrader/37013.jsp
Smartly again this is the link that i have posted a week ago. This is just what it says in the news. I dont know which fund manager going to sell down, but it will be.

kuah
where u get to read charts?

Posted by hng33 > 2013-09-25 14:54 | Report Abuse

Kuah

You must complement technical analysis with fundamental change to be more accurate in prediction. You must take into account YTLP have fundamental change as it have aggressively buyback 60-80% of total volume everyday and yet share price is on uptrend. YTLP have cancelled 3.4% treasury share in Aug and accumulate back another 1.38% treasury share so far.

Posted by JTFX > 2013-09-25 15:07 | Report Abuse

fund mger gonna sell?? goody i can buy accumulate agn at cheaper lvls...

Posted by smartly > 2013-09-25 15:28 | Report Abuse

@miketyu,

i don't see that is an issue. the solution is there written & provided abt the non-compliance debt ratio. nothing to worry, just a paper work to deal with it if really want to fulfill the compliance issue.

furthermore the coming q result may have resolved the issue automatically, worst off just make it compliance. no big deal.

Posted by smartly > 2013-09-25 15:54 | Report Abuse

ar. lai liao kick lai liao...

Posted by titus > 2013-09-25 16:04 | Report Abuse

yes 1.80. Will it stay above 1.80?

Posted by hng33 > 2013-09-25 16:05 | Report Abuse

show time

Posted by smartly > 2013-09-25 16:06 | Report Abuse

go sapu ytlp-wb.....

Posted by hng33 > 2013-09-25 16:10 | Report Abuse

So Long share buyback keep push up mum price, soon or later WB will have to follow

Posted by titus > 2013-09-25 16:15 | Report Abuse

hng, i agree with you but just worried that ytlp cap the buyback at 1.79. it is can stay above 1.80/1.81, it proof ytlp really collecting and serious about the share buyback. something is cooking

Posted by hng33 > 2013-09-25 16:16 | Report Abuse

Now, YTLP buyback keep sapu RM 1.80,

Posted by smartly > 2013-09-25 16:23 | Report Abuse

if settled at 1.80, can we consider a breakout in technical term? LOL........

Posted by hng33 > 2013-09-25 16:42 | Report Abuse

sapu 1.81

Posted by titus > 2013-09-25 16:43 | Report Abuse

YESSSsssssss..........now 1.81. If can close at current level, it continue uptrend

Posted by Jerry > 2013-09-25 16:58 | Report Abuse

not sure whether buy back @1.80, but surely at least 1.790. Anyway, it was good sign as 1.790 at least be the support now. wherever the price they bought back , it will be an solid support. Im sure those sold it @1.70 regret now.

Posted by smartly > 2013-09-25 17:12 | Report Abuse

@hng33,

please report today's buyback infor here.
TQ. :)

Posted by hng33 > 2013-09-25 17:31 | Report Abuse

Jerry

100% sure buyback hit 1.81 today, lets wait for announcement to confirm

Posted by titus > 2013-09-25 17:42 | Report Abuse

warrant hit 0.535. Expect more upside from Ytlp & wb

Posted by hng33 > 2013-09-25 17:50 | Report Abuse

Even with today aggressive buyback. i think YTLP only manage to increase treasury by another 0.1-0.12%% only, cumulative to 1.5% so far.

Posted by hng33 > 2013-09-25 18:06 | Report Abuse

Buyback total of 64% of today volume, range RM 1.77-1.80, increase Treasury share by another 0.09% to cumulatively at 1.47% now

Posted by hng33 > 2013-09-25 18:22 | Report Abuse

Even if YTLP trade above RM 2.00, it just show it recover to 2 year ago level only.

YTLP stand to recover back from slump 2 year ago due to loss in Wimax as all its division are showing much more improvement now, and very probable breakeven of its main culprit Yes Wimax pull up by contribution from completed 1Bestarinet

Posted by JTFX > 2013-09-25 19:48 | Report Abuse

1.81 hit..really got distribution at the top..1.78, 1.79..kakaka..LoLZZZ..

Posted by smartly > 2013-09-25 20:32 | Report Abuse

@JTFX, LOL.....

@hng33, TQVM. It seem 1.81 is sapu by fresh party not BuyBack since the range is from 1.77-1.80. Which mean to say, new buyers is coming in now, this is a real 'breakout' and entice more new buyers now.

Posted by Datokim > 2013-09-25 21:14 | Report Abuse

Selling from epf is getting less n less, instead many GLF are join in to sapu, look like the announcement will be out this few days !
Wb is trading at very big discount, tomorrow might adjust up 3-4 sen but yeah family will press down n force we guys to exercise to mother ,that is their plan to get more money from us, INSTEAD of we get money from privatize . It's not easy to get money from him.

Posted by sam2828 > 2013-09-25 21:46 | Report Abuse

closed above 1.80... if can maintain, this resistance will turn into support... target 2.10 next

Posted by kcpung > 2013-09-26 06:05 | Report Abuse

Remember the warrant for MBSB and KPJ before the mother super bull run, the warrant also trading at discounted price.

Posted by hng33 > 2013-09-26 09:24 | Report Abuse

Datokim

So far, not many have opt for warrant conversion. This could be due to despite YTLP-WB perform less in turn of absolute amount and is at discount now, but in turn of % gain, it still outperform its mum share. Therefore, don't it have additional benefit if opt for conversion, by paying RM 1.21, instead should have more edge if use that amount to buy more WB, after all, WB still have 5 year tenure of life.

Posted by hng33 > 2013-09-26 09:30 | Report Abuse

smartly

Yeah, i think YTLP aggressive buyback have attract market attention now, more fund are willing to capitalize on uptrend stock. If these fund especially EPF know that if they keep selling, it just transferring more share to YTLP share buyback and never ever they can buyback later on weakness as these buyback share will keep its YTLP treasury and later for cancellation.

These fund must now known that its one way direction, only have accumulation but not distribution back. EPF and those keen seller will need to think twice before selling more YTLP share into market.

Posted by titus > 2013-09-26 09:48 | Report Abuse

1.80 broken but need to see by end of today where the share buyback normally happen. Now only
awaiting it to build a strong base at 1.80/81.

Posted by hng33 > 2013-09-26 09:50 | Report Abuse

titus

YTLP share buyback is through entire trading hour, but is just less aggressive in morning session compared to afternoon session with the peak after 4 pm. Again, the principle is buyback as much share volume but at lowest cost possible.

Posted by hng33 > 2013-09-26 09:54 | Report Abuse

I don't think YTLP able to test major resistance at RM 1.85 as yet. YTLP likely will consolidate around RM 1.80 first and build more solid support. Testing RM 1.85 should be on next week. So far YTLP share buyback have push up the price by 20sen within a month of Sept. Expect similar upside of 20sen for Oct with Target to achieve by end of Oct RM 2.00

Posted by JTFX > 2013-09-26 09:55 | Report Abuse

aggresive buyback since beginning sept...talk until ur saliva dried up,as they say,the early bird catches the worm..as usual..many doubters n doomers..