lol Ng KY, you think all scomi shareholders in this forum meh? who sell who buy no one knows... unless those investors senyap senyap buy when we post nonsense here!
MOF valuation is hypothetical. At night very free, just calculate for fun where scomi is projecting. It is the value investors job to get a range of numbers he is comfy with. Nothing more
Why market sell? Nobody knows. Punt, fear, rumours, margin call, family emergency, etc are some of the things I can think of as investments are made by millions everyday. The so-called glamour "Mr Market" coined by Graham! Its gyration you need to ignore! Our job is just to know the number to invest.
Funny thing is syahnaz07, it goes back to you believe if price will always follow value or not! Take Benalac for example, when I bought, I calculated that without the latest two tenders won from Johor, its valuation was already 1.33. Market price went ballistic, gyrating from 1.11 to 1.20 for the longest time. Today its 1.4x after the market realise its value. But go check what the others wrote when benalac was stumping around 1.1x below my purchase price of 1.15. Some gave up, some took advantage of price playing Contra, some sell early at 1.20 thinking it will stay within this range,etc. Investor must buy and sell according to their requirements, after doing their homework if really price could reach their value. Playing tikam will either result in confusion, missed opportunity or loss if you don't do your work!
Unless Siew & co can convince other shareholders (I don't see it) , IJM and Shah's blocs will carry through. Expect some turbulances and can pick up at blips...like now :)
There are idiots who are so greedy and think about themselves only. Just allow the shares to rise on its own la. Everyone gains!
By convention that is correct. IJM cannot vote because the bond conversion is in their favor. But surely you guys are not only on the straight and narrow? IJM already elected board representation. Tell me what does that entail? Who are the backers?
That's what Siew is fighting about. If price rise, do you think the other shareholders will back Abu camp further? Their only hope is bigger stakeholding. I am watching the price then.
Sources said the EGM would probably be called in two to three months and the only party that could not vote at the EGM is IJM. A simple majority of votes is needed to approve IJM's stock conversion into equity. two three months?mosquito also sleep already... to Yuki, can refer back to KC postings. just click his name n go posting:)
in fact, come to think of it, this will be similar to that of the MUI-Berjaya fight in mid 90s! go read about it how the wily old fox Khoo trounced the up and coming Vincent Tan, backed by the then DPM! similar play i would think!
no, pathew..what i mean is, Siew n Abu sure will know this kind of tussle will affect the shares price.since they r owing a big stake of scomi shares, isn't it this kind of things will affect their own interest?
Market crash is not the "end of" if you ar holding Tracy's so-called "forever share" notion. Unfortunately, scomi doesn't classify as this! Hehe. You must have a sell point somewhere when the fundamentals already fail you or valued! Just take note!
Crash is good, blue chip stocks at a fraction of its value. In scomi's case, just waiting for its value to come only from above calculation! I will let go at an appropriate time!
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MQ Trader 903 views | 6 d ago
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pathew
2,028 posts
Posted by pathew > 2012-10-24 09:40 | Report Abuse
hahaha, cheers mate!