Contra player sure kena burn very serious. Expect tomorrow will have another drop, dont buy until it's stable. This time round I think RM5 is support, not likely drop break RM5. Let's see tomorrow.
Those who want to make more money in this counter should stop listening to all those suara-suara " halus " which was always created by certain group ( losers ) in this Press Metal 's forum. Always follow up with the CEO's message and keep for long term and also put in mind that Press Metal memang boleh dan tetap boleh .My target price still RM 5.50 - 6.00 and by next year onward there will be no more below RM 6.00 . Always berterima kasih to Press Metal .
@telusdansuci ,sudah biasa all this pasar malam fortune teller will just surfaced then disappear when they can't cari makan in this forum. Just to update yesterday's VWAP ( volume weighted average price )for 18.513mil stand @ 5.2039 per share .
Thank you @tianjin and @wikioon , without your sharing and good comment in English , i think more people will untung tak banyak in this counter . Thank you both of you and also Press Metal boleh dan tetap boleh .
pls read my previous post abt special dividend eoy + possible share split. conversion shows huge confidence, in that the investor is pouring in RM19MIO to convert - jangan ingat ppl convert utk jual share dear, fund sudah ada byk shares utk jual, tak perlu convert utk jual besar besaran.
i can only deduce two things: 1) company announcement eoy regarding to share capital/dividend 2) there is huge demand from overseas investors and local funds have to prepare to meet demand. of course, again these kind of deals won't be done on OMO. TQ.
Pmetal cant jual secara besar besaran.....big boss give face to you stand at KLCI member..... director die die also need to support..... at less need to support 6 months.
@tianjin -- Appreciate your kind and generous informative reply.
The standouts: 1. The more than a life-time deal with Sesco. Seriously? Cheap electricity for that f&#$& long??!! Only in Malaysia. 2. The conveyor system -- what a nice job by PMetal!!
More energy intensive industries should move to Sarawak -- they might just give you a life-time of cheap amps, and build a port just for you.
I am reposting S&P Global Rating press statement released on 25/10/17 for those who missed it . Please read and digest it for your investment decision on Pmetal . Pay attention particularly on S&P Global's comment on Pmetal's maximum costing per mt and electricity cost per mt.
After this small pullback Press Metal will become more and more stronger and powerful . This is the behavior of Press Metal . Anyway my target price still unchanged at RM 5.50 -6.00 . Press Metal memang boleh dan tetap boleh .
@ChloeTai , I do understand your phobia and wary on the additional 50.111m new shares converted from WC to mother as most of us used our hard earned money to invest in Pmetal.
May be my humble opinion can provide some ease to your worries . 50.111m WC was converted with a 39 cents share premium very transparently certainly not in a opaque transaction. The convertion share premium for this transaction amounting to approx RM19.55m as compare to RM 751,666.66 of dividend (which will go ex on 13/12/17 ) to be received by the said shareholder , from here we should agree that the stakeholder/stakeholders are of deep pockets and they are certainly major n long-term shareholders . Why so ? Let us goes back a little on the history of Pmetal WC , this warrant was executed on 29/07/2011 with a ratio of 1 : 3 ( 1 RI for every 3 mother share @ a subscription price of RM 2.20 ) As ourselves , how many of can afford to fork out RM 110m to subscribe , if it's not the Koon family who else ?
I concurred fully with @wikioon that the possibilities of this new additional 50.111 shares are more towards corporate restructuring perspective and to meet supply and demand especially after Pmetal being included as a component constituents of FBMKLCI especially from strong foreign and local institutional investors . Being a member of the main component index ( FBMKLCI ) , the weightage for foreign big fund or foreign sovereign retirement fund can be much higher or with no restriction for them to invest unlike second index.
The Koon family , which is the major shareholders and controlling stakeholders of Pmetal will certainly have to increased their controlling % to safeguard their corporate interest , they being the largest holders of WC can't easily convert it to either offer to institutional investors or for their corporate interest. Cheers to Pmetal , boleh and Tetap boleh !
50m converted was done by Tan Sri Koon, with his shareholding projected dividend income is 21m. Pls ChloeTai, rest your case alrdy, it has no logic anymore. TS Koon do not need to sell his holdings. Do not know what your intention is, but i dont think you can achieve yr "hope" of the share price retracing at 4.60. That has passed alrdy, two weeks ago, we (prob just tianjin n telus) has been advising to buy, you missed it - too bad. Now this minor retracement, you want to get in the game go make some addition. Don't hope for below RM5
I find it amusing reading what Chloe Tau wrote. If she is so afraid then venturing in share market is not a right move for her. Go put your money in the bank and earn negligible interest. Pmetal is a strong fundamental company runs by good management team. As can be seen for the past two weeks, klse was in correction mode. But Pmetal performed strongly and reached new high of 5.47 on Monday. So the movement has proven whats Telus, Tianjin and Wikioon have been emphasising all this while. I just cannot tahan what Chloe is saying for the past two days until I speak up now. Cheers all. Pmetal always boleh
@wikioon n @boleh , I was waiting for her to inflict more fear in this forum , like the Malay peribahasa " ada udang do sebalik batu " , all she wanted is to buy cheap Pmetal share . I would say : "@Chloe Tai , nice try but you're using pasar malam or rather kindergarten tricks to do fishing in this learned pool , it doesn't work here,! " if you can't understand then perhaps I can use kindergarten lingo to tell you .
Yesterday she was trying her best to apply fear psychology regarding 50.111m WC conversion to mother share , claiming it's going to flood the market today or by before ex dividend but it was shoot by @wikioon n me .
Today she step up by using her simple standard 6 mathematics timetable , 9 x 5 = 45 to fish for cheap ticket , plz go pasar malam la , you may be able to get some fish there .
Since you @ChloeTai, concluded the 9x5 =45 scenario will materialise , my kindergarten advice to you : Please sell all your Pmetal before the share price run down to 4.63 on 12/12/17 ( As per your crystal ball reading stated above ) or else you will have to pawn your bra n undies to pay your loses . It will be ugly for you to run naked as you still need to survive in your pasar malam fortune telling . Cheers to Pmetal , Boleh and Tetap Boleh . I apologize to all genuine and constructive shareholders/forumers here for being using quite hash lingo today .
That woman said Press Metal one day can drop 9 sen so 5 market days might drop at least 45 sen , but do you know within 5 minutes Press Metal can climb up to 27 sen . Example , we just take one market day for Press Metal to climb up 18 sen so by 5 market days its will reached 90 sen . Let's take RM4.63 + RM0.90 = RM5.53 ( uptrend 5 market days ) . That's why Press Metal always boleh dan tetap boleh . Anyway my target price still unchanged . Terima kasih banyak-banyak to Pmetal .
I suspect she may only have 1 lot or none. That's why she is instilling fear to the rest. Haha. Sorry no hard feelings. We prefer ppl to send positive vibes here. Until then, back to sideline and be an observer. Lol
That's why i always said suddenly the " Pendatang-pendatang baru " dengan secara tiba-tiba muncul in this forum must be ignored . We should check their track record and his/her history before start to believing them . If without @tianjin and @wikioon to defend this Pmetal 's forum i dare to say many newbies will be cheated by them . Terima kasih banyak-banyak . Press Metal memang boleh dan tetap boleh .
VWAP - 10,720,200 shares @ 5.0975 . It's good to see that lady with "niat jahat / bad intention" deleted all her irresponsible comments and probably ( hopefully ) disappear from this forum for good .
Minta nombor 4 Ekor( 4D Magnum, Kuda & Toto ) mungkin bolehlah tetapi minta tips counter saham daripada " Ang Kong " memang susahlah . Tips-tips saham kena tanya ' pakar-pakar ' saham . ' Pakar-pakar ' saham dibahagikan kepada dua kumpulan , satu kumpulan telus dan satu kumpulan tidak telus , ya . Terima kasih Pmetal boleh dan tetap boleh .
Can any sifu / PMETAL supporters comment on the current aluminium price of USD1998 per tonne at 3:05 pm (which is below US2000 per tonne). I am holding a big position in PMETAL due to its impending inclusion into the KLCI index on 18 December 2017 other that its 1.5 sen dividend (ex-date 13 December 2017). Do you all think USD2000 per tonne can be a strong support?
Foreign funds are making a gradual comeback to KLCI. If you were to study the technical analysis chart for the previous five years (2011 to 2016), can you see that KLCI started to move upwards middle of December until end of December due to window dressing. By that time, PMETAL is already a component stock of KLCI.
I love this phrase very much "Press Metal memang boleh dan tetap boleh."
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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....
4444
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Posted by 4444 > 2017-12-04 17:37 | Report Abuse
USD 4.06.