Posted by smartly > 2013-10-11 16:42 | Report Abuse

show time soon. :)

Posted by Yuzuki > 2013-10-11 16:48 | Report Abuse

today no show ... all fun managers TGIF tonite .... all male will be going skirt chasing while female will dress scantily & let wolves google all over them .... SAN CHEONG already ... nothing to see ... hehehe

Posted by zamsaham > 2013-10-11 16:50 | Report Abuse

sorry, im little lost here, what's the deal with share purchasing back into treasury?

Posted by hng33 > 2013-10-11 16:51 | Report Abuse

Yes, narrowing gap now, YTLP strategy to buy as more volume at lowest cost possible reaffirmed,

Posted by hng33 > 2013-10-11 16:56 | Report Abuse

YTLP at 1.83, WB at 59.5sen, gap narrow to just 2.5sen

Posted by Jerry > 2013-10-11 16:57 | Report Abuse

Alright, sharks won again. YTLP is he loser again, happy holiday... opps i have to work on weekend as well :(

Posted by hng33 > 2013-10-11 17:02 | Report Abuse

Jerry

Loser!? The fact is both YTLP and WB are clear winner as YTLP can accumulate more share at lower cost and WB can narrow gap.

Posted by zamsaham > 2013-10-11 17:04 | Report Abuse

In today's scenario, conversion WB 1.210+0.595 = 1.805-1.83 +0.025cts profit?

Posted by hng33 > 2013-10-11 17:12 | Report Abuse

zamsaham

This is so call 'arbitrary gap', cause by inefficient in stock market which eventually will be back to more normal level.

Shark wann to capitalize on YTLP sbb and wan to take opportunity for the breakout, but turn down their effort turn down by YTLP strategy to buy as more volume at lowest cost possible.

Today, YTLP down 2 sen, can accumulate more share at lower cost without interfenrece from shark to make up share price too fast and WB can narrow gap to just 2.5sen, less discount.

Result YTLP and WB are winner vs. shark loser

Posted by smartly > 2013-10-11 17:21 | Report Abuse

TA would likely say that the 1.85 breakout being violated, so the price of ytlp will be drifting down next week onward. LOL !!!

sekejap ini macam, sekejap itu macam. LOL

see announcemnet better. :)

Posted by hng33 > 2013-10-11 17:25 | Report Abuse

Stockist follow TA too excessive, without knowing current trend is due to YTLP sbb, which strict to accumulate as more volume but at lowest cost possible.

Posted by smartly > 2013-10-11 17:27 | Report Abuse

hng33,

waiting for your posting on buyback tonight. see you. :)

Posted by hng33 > 2013-10-11 17:30 | Report Abuse

As serious investor, we should be more focus on fundamental of YTLP namely: continuing share buyback, another cancellation to further increase EPS, resume another round of buyback after cancellation, corporate exercise like privatization, turnaround Yes Wimax + 1 BestariNet etc

Posted by hng33 > 2013-10-11 17:32 | Report Abuse

Still waiting fro YTLP share buyback announcement, expect buyback less than 40% of today volume range 1.83-1.86

Posted by hng33 > 2013-10-11 17:35 | Report Abuse

Wau, buyback 54% of today total volume, range from 1.82-1.89, average at cost at 1.87, increase stake by another 0.17%, cumulatively at 3.59% in treasury stock now.

Posted by thekennkenn > 2013-10-11 17:41 | Report Abuse

hnn33, how do you get the average price? wanted to know. thanks :)

Posted by hng33 > 2013-10-11 17:46 | Report Abuse

Just divided the amount of cash paid and total purchase share:

Share volume purchase: 12,220,000
Total consideration paid: RM 22,845,162.91

Posted by Jerry > 2013-10-11 18:01 | Report Abuse

wow i can't believe the buyer is ytlp, that's great. But still a large part of them were collected by other party...

Posted by hng33 > 2013-10-11 18:10 | Report Abuse

Jerry

As long as YTLP continue share buyback, nothing to worry.

Posted by hng33 > 2013-10-11 18:11 | Report Abuse

Today YTLP collect 12.2m share, so next Monday, new share from converted warrant of 15m also just easily to engulf if they willing to sell at low level.

Posted by Jerry > 2013-10-11 19:54 | Report Abuse

The thing i worry now is, this was unusual. They never been agresive like this before, i wonder will this be the last buy back. To eligible for cancellation, minimum 3.5%.. I wonder if they just wanna hit the target of 3.5% only. Lets hope they will continue buy back, otherwise game over...

Posted by MG9231 > 2013-10-11 20:14 | Report Abuse

Jerry, I am a silent investor, the scheme used by FY is very simple and I think hng33 and you have overlook one thing after your "so many"
posting.
Let me higlight it here.In middle of year 2012 when YTLP-wb was around $0.60 down from $1.40, it is considered cheap already to a lot of people. But FY sold further to press down the price to around $0.40.
Why did he do that? It is because later he announced ytl corporation to reward its shareholders by 15:1 of YTLP-wb @ 0.20 sen a piece.
By doing so, the majority of YTLP-wb still goes to his family co i.e YTL & son at very cheap price.
Now, what he should do is to push up "sky high" the YTLPower.The price of YTLP-wb will follow suit.
What is the end result? All money realised later will be "Tax Free".
Of course, it will take years to complete the scheme. so be patient and rewards of holding YTLP-wb will re lucrative and huge.

Posted by MG9231 > 2013-10-11 20:17 | Report Abuse

When ytlp-wb is around $0.38-0.40, FY must have collected a lot and i guess at least 90% is in his hand now

Posted by Peter5151 > 2013-10-11 20:23 | Report Abuse

I'm concern the buyback is ending soon...

Posted by MG9231 > 2013-10-11 20:25 | Report Abuse

How he is going to "push up" YTLPower, of course, share buy back.
the, let YTLP and YTLP-wb have a gap " at discount" if possible. the public will help FY do arbitraging. FY will get $1210 per lot and add around $600 to $700 to buy back the mother.
A believe 2-3 yesrs down the road, the result of YTLP will be getting better and better.
Analysts and news reporters will rate this counter higher and higher and that is the time nobody is willing to let go the YTLP mother shares.

Posted by MG9231 > 2013-10-11 21:07 | Report Abuse

Peter,don't worry , the co has mandate to buy back 10% of its shares and currently it has used up less than 7%. Further AGM is approaching, the management will ask for another new mandate of 10%

Posted by hng33 > 2013-10-11 23:04 | Report Abuse

MG9231

YTL sbb have mandate to buyback up to 10% share, but if these 10% is cancel, it can further purchase another 10% based on these reduce total number of share.

Posted by hng33 > 2013-10-11 23:13 | Report Abuse

MG9231

What you highlight is true, that YTL corp selldown YTLP-WB from 91% to 66.74% and later opt for 1: 15 restricted offer for sale at 20sen, resulting YTL corp stake in YTLP-WB down 7.8%. The majority of YTLP-WB stake now is in direct control by Yeoh Family.

Posted by hng33 > 2013-10-11 23:35 | Report Abuse

The motive of doing so is for Yeoh family to have more control over YTLP through its WB, the cheaper entry cost.

Based on last year shareholding, Yeoh family control YTL corp 49.11%, which in turn control YTLP 45%. Which mean Yeoh family effectively only control 22% stake in YTLP. However, Yeoh family itself also have direct stake in YTLP about 7.7%, therefore the effective control stake is 22% + 7.7% = 29.7%.

With the selldown and offer sale of YTL stake in YTLP-WB, Yeoh family entitle the most, which effectively transfer YTL initial 91% ownership in YTLP-WB to Yeoh family, allowing Yeoh family to have direct stake in YTLP-WB at much lower cost. Based on YTLP-WB volume, it make up about 16% of enlarge YTLP share capital. Lets assume, Yeoh family currently control more than 80% in YTLP-WB, if fully converted, Yeoh family can increase effective stake in YTLP by another 13%.

In addition, YTLP current ESOS of 10%, exercise price for first tranche is at RM 1.49 and second tranche is at 1.65, Yeoh family entitle about 87% of the ESOS with remaining share by independent director.

All in all, Yeoh family iF fully convert their WB and exercise ESOS share, control effective YTLP share 22% + 7.7% + 13% + 8.7% = 51.4%

With current share buyback 7% so far, but already cancel first 3.5%, and if continue to reach 10% and all cancel later, Yeoh family effective stake could further increase to 57%

Posted by kolim13 > 2013-10-11 23:49 | Report Abuse

thank Hug33 & Mg9231
highlight ytlp-wb history and share out information. ytlp-wb control by Yeoh family because it price dont go high,unless got investor sapu all ytlp-wb until yeoh family out of stock.Hahahha...............

Posted by hng33 > 2013-10-11 23:59 | Report Abuse

By controlling effective stake in YTLP, Yeoh family is preparing to privatize Yboth YTLP and YTLP-WB via share swap with YTLcorp at much higher ratio, example 1 YTLP: 1.6 YTL and 1 YTLP-WB: 0.8 YTL. With high direct stake in YTLP and YTLP-WB, Yeoh family ultimately still control enlarge YTL corp+YTLP

Posted by tc2012 > 2013-10-11 23:59 | Report Abuse

hng33 ,do you have any idea why YTL get stuck at 1.52 level ?

Posted by hng33 > 2013-10-12 00:14 | Report Abuse

Currently Yeoh family is concentrating on YTLP share buyback to reduce total number of share by cancel treasury share to boost its effective direct stake in YTLP (assume control 80% YTL-WB + control 87% ESOS) and prepare to privatize both YTLP and YTLP-WB via share swap with YTLcorp at much higher ratio, example 1 YTLP: 1.6 YTL and 1 YTLP-WB: 0.8 YTL. With high direct stake in YTLP and YTLP-WB, Yeoh family ultimately still control enlarge YTL corp + YTLP. Once the privatize materialize, Yeoh family then only will resume enlarge YTL group own share buyback and boosting enlarge YTL share price.

Posted by Jerry > 2013-10-12 01:10 | Report Abuse

Usually when human almost get what they want, they wont mind to spend a lil bit more. I'm doubting whether this is what happening today. This is pshychology factor, and this is unusual that is not Yeoh's style. Anyway monday we will know

Posted by Jerry > 2013-10-12 01:13 | Report Abuse

1 thing im sure is, there is other party collecting and use the buy back as an opportunity to push up and sell down to earn profit continuosely.

Posted by MG9231 > 2013-10-12 08:11 | Report Abuse

Hng33, I think privatiization of ytlpower is a distratacting tactic used to divert public's attention. When ytlpower-wb is hovering around $0.36 to $0.42 between oct 12. to June 13, for a guy with strong financial muscle, and with a scheme to be carried out in near future. What will he do? I believe he will "sapu" all or those available in the market because it is dirt cheap to him,
Without any mathematic calculation, I have strong feeling that more than 90% of ytlpower-wb must be in the hand of FY.
The price of ytlpower-wb will be lifted May be cross $1.40. You know, all ytlp-wb paper will be turned into money .
There is a saying " when a corporate figure do corporate exercise, the money that he is going to make will be a small timer to make in few generations.

Posted by MG9231 > 2013-10-12 08:34 | Report Abuse

Further, do u notice the ex-date of ytl crop 15:1entitlement was after the issued of 2012 annual report? The reason being FY wants to buy more from the market and a lot of ignorance public will sale at that price after ytlp-wb was pressed down from $0.60 to$0.40.

Posted by hng33 > 2013-10-12 09:24 | Report Abuse

MG9231

I still believe privatization is the ultimate goal. Yeoh known well the turnaround of its Yes Wimax is happening soon, contribute by massive 1BestariNet project which is already completed in Sept, deriving just maintenance and operation fees + licensing alone already make up RM 500m pa for next 5year and its renewal for another 5 + 5 year, total 15years concession. The turnaround from loss of RM 260m in Yes Wimax to breakeven or even start making handsome profit will send YTLP skyrocket high. Bear in mind, YTLP share is trading around RM 2.20-RM 2.50 in last 2year back and share slump till now due to main culprit loss in Yes Wimax. If Yes Wimax + 1BestariNet turnaround now, its just normal for share to recover back to above RM 2.20.

It Yeoh style to move ahead to privatize YTLP at cheaper price now than wait for research to re-rate YTLP to higher value, Just like what happen to YTL cement, just few month before posting quantum leap in profit, YTL privatize it first.

Posted by hng33 > 2013-10-12 09:27 | Report Abuse

MG9231

Please link below website to have serious look on what YTLP have done for its 1 BesteriNet that utulmate will serve 5.5m student, 500k teacher and 4.5m parents

1. About YTLP and chromebook

http://m.youtube.co/watch?v=OjZAjqxC-xY&desktop_uri=%2Fwatch%3Fv%3DOjZAjqxC-xY



2. Chromebook Lab Launch at SJK(C) Choong Wen

http://www.youtube.com/watch?v=xYCzP3URD_E

Posted by MG9231 > 2013-10-12 13:37 | Report Abuse

hnn33, i am fully aware ytlp has built a lot of communication towers in government schools. By doing so, it shows how brilliant the management is. it use a stone to kill 2 birds. For one, derive steady revenue from government schools and no2, use the towers for surrounding commercial activities. The beauty is ,I believe the rental must be very cheap. Where as for P1 of green package, it normally built its towers on the roof of shop lots appears to be more costly.

Posted by hng33 > 2013-10-12 20:07 | Report Abuse

MG9231

For your information, there is no rental charge on YTLP transmission tower in school nationwide as it deed needed to cover network surrounding school. Each transmission tower capable to cover 4km radius, thus, it can cover no only entire school, but also other adjacent school nearby. Therefore, 2 or 3 primary/secondary school within 4km radius can be service by just one transmission tower. Of course, Yes Wimax can capitalize it for commercial use to service charge Yes user living surrounding school, increase coverage with no addition cost and no rental fee.

Posted by MG9231 > 2013-10-12 20:27 | Report Abuse

Overall, it's a great company and getting more attention of public by its share buy back programs. The Chinese business weekly also has its coverage for aggressive share buy back today.

Posted by hng33 > 2013-10-12 21:03 | Report Abuse

Even with YTLP aggressive buyback, ranging from 50 to 90% of every day trade volume, but so far no single analyst from investment bank have come up with any research report on it. The latest two are from HwangDBS and kenanaga, with former rate at hold (TP 1.70) and later rate as sell (TP 1.58). No mention at all recent share buyback and cancellation treasury share nor completion of 1 BestariNet !?

Many research report only concern about no dividend and expire of its IPP in next 2 year time. It seem all analyst without knowing YTLP has spent more than RM 800m or 10sen/share cash for share buyback and the fact that local IPP just contribute 11% PBT or (RM 177m) of total earning, comparing to loss of Yes Wimax (-RM 270m), which in next 2 year time Yes Wimax should not only breakeven but stand to reap handsome profit, more than offset loss in IPP earning in 2015.

Posted by MG9231 > 2013-10-13 09:31 | Report Abuse

Hng33, CIMB has a more sensible report with TP $2.50 if I have not mistaken.

Posted by MG9231 > 2013-10-13 09:36 | Report Abuse

It is probably due to most analysts write the report based on earning and dividend perspective. They have not consider the price to book value when the company has a strong financial muscle.if looking from this angle, it is the trough and the best time snap up its shares.

Posted by MG9231 > 2013-10-13 09:46 | Report Abuse

Dividend distribution is subjective. Of course,when the management wish to grow its business by investing new venture, they must conserve some cash from other area such as distribution of dividend.After major capital expenditure has about to stop, their next target will be how to lift up co's market capitalization.Of course, before such move, they must accumulate own company shares at lowest price with substantial %.Otherwise,how to accumulate their own wealth?

Posted by hng33 > 2013-10-13 09:59 | Report Abuse

YTLPOWR-WB（杨忠礼电力WB）


股价
目前股价：RM0.595

凭单概况
发行公司：杨忠礼电力（YTLPOWR，6742，主板基建组）
发行日期：2008年6月12日
交易期限：10年
截止日期：2018年6月11日
转换价格：RM1.21


关注原因
最近市面一直有谣传YTL有意私有化YTLPOWR，而且从YTLPOWR最近的一些企业动作可看出这种可能性其实是存在的。

首先，YTLPOWR的派息日益减少，2013年的全年净利虽然比前一年少，但仍然有14.78仙，可是该公司却只派出0.94仙，可说是历年来最低的股息。

接着，该公司在8月28日将占了股本约4%，总数2亿5000万股的库存股完全注销。

当股东们对此决定感到非常纳闷时，该公司又开始大手笔的从市场上回购自家股票。根据昨天（10月11日）大马交易网站的资料里显示，短短一个多月里再购了2亿5937万股。

而YTLPOWR的股价也从8月28日的RM1.54，逐步回升到目前的RM1.83。

公司一方面不愿派息，另一方面却注销库存股并且又大手笔回购股票，从这一连串的动作来看，其动机非常耐人寻味。

根据《资汇》第240期里透露，YTLPOWR的企业价值高达246亿。如果将这企业价值除以其总股数，相等于每股RM3.47，所以对大股东YTL来说，确实是有私有化YTLPOWR的吸引力的。

目前YTLPOWR-WB的母股高过转换价（RM1.21），所以此凭单属已到价。而且，如果此时以RM0.595买进YTLPOWR-WB，再付RM1.21转换成母股，总成本RM1.805，比起以RM1.83直接买进母股仍然有2.5仙的折价。

况且YTLPOWR应该值得更高的估价，而这也将会带动YTLPOWR-WB走高。

Posted by hng33 > 2013-10-13 10:12 | Report Abuse

MG9231

The major difference in target price between CIMB (TP: 2.55)and other research house (Kenanaga 1.58; HwangDBS 1.70; AMMB 1.58; RHB 1.51; HLG 1.66; Maybank 1.70; MIDF 1.60; TA 1.76) is CIMB analyst is expecting turnaround of Yes-Wimax + 1BestarniNet by end of 2013.

Posted by MG9231 > 2013-10-13 10:52 | Report Abuse

Yes, shares price move ahead of its fundamental , but for ytlp, I prefer to buy and wait and relax base on co's financial cash of $10b. Of course, not many agreeable with me but for the action mentions in my previous threads, I think this is the best way to make money.

Posted by hng33 > 2013-10-13 11:43 | Report Abuse

That why advice to buy and hold as its is investment grade stock. Patience is needed if wanna a to reap handsome profit.