if the maturity not near then is ok:) last time also i dont dare to play also except Warrant but after i do research etc and think twice tat due to my stubborn n miss out a lot of chances (mostly gain 50-80%) n i decide start back from Pmetal which the news is going on now:) if it can pick up to 0.3 for CC then it is 50% gaining (0.1 boost do u think high chance or low chance is the news is out)..anyway just my point of view la trade at own risk;)
yea depend la diff ppl diff thinking;) for me i can accept the gaps of (0.01-0.02) compare to (0.15-0.2) much more cos if compare in RM the bigger gaps will lose the most n win less due to vol low..this is bcos i taste it and experience on Dsonic earlier the mother share i lose money but the son i make money to cover back at the end:)
Correction of price + the announce of war so surely will hv impact on mother share more than son..but after next wks shall see how is the outcome somewhere somehow it will stable at certain point n pick up again b4 the news announce to be made..
On uptrend today. Buy today cos I think tomorrow also uptrend. So no need to pay more to the PMETAL for today if buy today. TP RM7.38 ( By RHB cover report 31.7.2014 )
8wpwtm : act i bought Pmetal is bcos of smth else not only the overall aluminium price up..so shall see how the trend by tis friday^^ hopefully CC can break 0.3 soon hyiak hyiak hyiak$$$
Hi Ryan. The bonus issue 1:1 mean if you have one share at hand( example: before bonus date price 6.10) , then your share will be diluted into 2 ( Rm3.05 x 2 = RM6.10) after the bonus date . Now u will have two share and u will enjoy more earning if the share price moved upward . :)
Yes will keep uptrend till the exdate/entitlement date..even nexgram also one of the sample up from 0.06 touch 0.17 n after exdate etc drop back 0.11 n now slowly pick up to 0.13..
with all the goods news of dividend, bonus issue, good quarter report....all show that aluminuim price surge help Pmetal pricing...another month the price will better than current price. Buy now and hold ..sooner or later big boy will start to push it go to another level b4 bonus issue
RHB Research has maintained its Buy call on Press Metal with a fair value of RM8.30 from RM7.38 and continues to like the group as it is a world-class low-cost smelter in the first quartile of the global cost curve that is set to leverage on the bottoming out of aluminium prices.
In a note on Wednesday, the research house said besides improved profitability, its loan repayment using proceeds from the disposal of a 20% stake in Samalaju smelter had cut its net gearing to 1.08 times from 1.83 times in 1QFY14.
“Press Metal’s 2QFY14 core net profit doubled on-quarter and tripled on-year to RM60mil.
“The successful re-commissioning of its Mukah smelter and the full operation of its Samalaju smelter from April 2014 were timely to ride on higher all-in aluminium prices, which rose 10.3% on-quarter and 4.2% on-year to an average US$2,168/tonne in 2QFY14,” it said.
Besides posting strong 2QFY14 results, Press Metal’s board has proposed a 1:1 bonus issue to reward its shareholders and improve its shares’ liquidity.
“In addition, its board has proposed a second interim dividend of 5 sen per share, which we think is a good practice to reward its shareholders on a quarterly basis.
“Going forward, we expectthe company to record core profits of RM80mil in 3QFY14 and RM90mil 4QFY14, with quarterly profit to normalise to around RM94mil in FY15based on our all-in aluminium price assumptions of US$2,300/US$2,365/US$2,400 in the corresponding periods,” it said.
Thanks KYTAN. RHB should put that news in this forum and not in the newspapers only. Like AMMB negatively put the target price at only RM6 in this forum.
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....
ryan7642
1,998 posts
Posted by ryan7642 > 2014-08-07 19:34 | Report Abuse
Buy the call warrant CC target 100% profit^^