hi qwerty... just to clarify further, for those who bot at disc price for wc, one shd convert after the annoucement is made for mother? in the long run, definately, holding the mother has more advantage. question is when to convert. TQ in adv
I will jump in and buy at RM7,20 to 7.30 level with bonus issue play and good market sentiments.
Aluminium 3 month price still at USD2005.. spot rate around USD1996 with aluminium premium all in still at USD 2300 which is higher than Q2 at USD2168 (with net profit of RM60mil or Net profit margin at 6,1%).
For Q3, With USD2300.. PMetal should achieve net profit of RM120mil or net profit margin of 13% which is double Q2 profit. This is higher than analyst prediction of net profit at RM80mil to RM90mil level. Thus provide catalyst for further upgrade target price.
It will go up from now... I don't see further pull back from this level. This is my personal view and it should not form any basis for you to make investment decision.
Any... can pls enlighten ? .... for those who bot at disc price for wc (4.xx), when shd one convert? after the annoucement is made for mother (bonus 1:1) ? definately, holding the mother has more advantages in the long run,. question is when to convert. TIA
To clarify .. Was going up due to bonus announcement and price of slum was all time high. However pieces now I'd you go to kitco.com you find that alum price is dropping. That's why people are also taking profit. Never wrong to take profit first. Earn less better than lose more. Don't u think?
yes, worth keeping Pmetal for long term.. however, the WC conversion to mother... when is a good time? convert to mother and keep mid/longer term for the bonus 1:1 issue :) pls advise
I agree with Mr Abundance. What is the logic that PMETAL can maintain its price but the aluminium price chart keeps on dropping EVERYDAY? Anyway I bought long time ago at 6.16. So less worry. I will keep till ex-bonus day.
That's why this stock is not for those weak heart. You will not sleep well n eat well as commodity price move up n down in short period of time. Trade with care ! Good Luck !
I don't know why Bro Qwerty deleted his posting.. For PMetal, it is poised to heading higher soon based on technical chart reading. You should see major leap and jump within this week.
I believe few GOOD NEWS is on the way.
Happy Trading
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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....
jrjs
193 posts
Posted by jrjs > 2014-09-18 09:08 | Report Abuse
7.31 now....