Posted by Hitman > 2014-05-12 23:29 | Report Abuse

Cweed, wait..bed waiting ler..esok la..kutnait.

Posted by newman > 2014-05-12 23:29 | Report Abuse

hitman. what's good for Wednesday

Posted by Cweed > 2014-05-12 23:31 | Report Abuse

K, k, Hitman! kutnait!

Posted by Hitman > 2014-05-12 23:31 | Report Abuse

bro newman, this one la..Im already in,..sifu asking me what's good??..hahaha

Posted by Cweed > 2014-05-12 23:32 | Report Abuse

Guys, read lah what I wrote at Pmetal. Ada logic?

Posted by AyamTua > 2014-05-12 23:34 | Report Abuse

juicy kikiki

Posted by Cweed > 2014-05-13 00:15 | Report Abuse

Sharing out news I found. Let's sama2 discuss if we should invest in aluminium counters...



LME aluminium to rebound to USD 1787

7 hours 2 minutes agohits: 150

Reuters reported that LME aluminum may rebound to USD 1,787 per tonne as it has found a support at USD 1,760.

The support is provided by the 61.8% Fibonacci retracement on the rise from the Feb. 3 low of USD 1,671.25 to the April 11 high of USD 1,902.50.

It has triggered a rebound towards the 50% retracement at USD 1,787. A break below this support may cause a limited loss to USD 1,751, the 76.4% Fibonacci retracement on the rise from the March 19 low of USD 1,704.25 to USD 1,902.50.

Source – Reuters

Posted by Cweed > 2014-05-13 00:20 | Report Abuse

Didn't know this until now!!! ( aluminium related) Aiyoyoyo! Hehehehe!


Malaysian aluminium can maker gets offer from new suitor Toyota Tsusho

2 months 62 day 7 hours 43 minutes agohits: 1038

Reuters reported that Japan's Toyota Tsusho Corporatipon has made an offer to purchase 51% of Malaysia's Kian Joo Can Factory Bhd bidding more on a per share basis than a rival Malaysian firm and sending Kian Joo's stock soaring.

The trading arm of the Toyota Group is offering 3.74 ringgit per share for the stake in the aluminium can maker, valuing the deal at some MYR 847.3 million.

That represents a 13% premium to MYR 3.30 per share offer from Aspire Insight Sdn Bhd, a local private company. In contrast to Toyota Tsusho, Aspire wants to take over Kian Joo in a deal worth MYR 1.46 billion.

Source – Reuters

Posted by Cweed > 2014-05-13 00:53 | Report Abuse

Sounds like good news for the aluminium industry. The last few para. Of the article reads:

"Billionaire fund manager Kerr Nielsen, who runs Platinum Asset Management, is also a believer in aluminium.

In a recent fund update, Mr Nielsen said a bigger Chinese focus on returns on capital, pollution abatement, an export ban in Indonesia and reduced alumina supply following the closure of Rio’s Gove refinery were all set to slow capacity growth.

“The industry itself has seen demand growth of 6 to 7 per cent per annum and any slowing of capacity additions could see a strong move in the metals price.”

Deutsche Bank is forecasting prices will rise to $US3000 a tonne again by 2020."



The article:

Aluminium’s day dawns as iron ore dims
MATT CHAMBERS THE AUSTRALIAN MAY 12, 2014 12:00AM

The Rio Tinto CEO tells Alan Kohler and Robert Gottliebsen about his plans to expand the company beyond the mining sector.
Aluminium free cash flow. Source: TheAustralian < PrevNext >
••
<>
KGB Interview: Sam Walsh Gladstone aluminium smelter - metal ind...
RIO Tinto’s much-maligned aluminium business could be a surprise saving grace for the miner as iron ore prices soften, with the company’s cost-cutting drive set to produce strong cashflows and boost the chance of big returns to shareholders.

The turnaround in aluminium, which Deutsche Bank is forecasting will contribute $US2 billion ($2.1bn) of annual free cashflow to Rio by 2017, comes as chief executive Sam Walsh predicts an end to the Chinese overcapacity that has hobbled the industry in recent years.

While there is no hope of recovering the $US25bn of value wiped from the aluminium unit’s book value since Rio paid $US40bn in cash for Alcan just before the global financial crisis, some investors are positioning themselves for a rebound.

“We have shareholders on our portfolio because they ­believe our aluminium business is going to be very prospective,” Mr Walsh told the company’s annual meeting in Melbourne last week. “That’s their call, but it is an indication that people ­expect there will be improvement in the business.”

Deutsche Bank analysts also sense a change.

“The value of Rio’s aluminium business has been mentally written-off by the market,” analysts Rob Clifford and Paul Young said last week in a detailed report on the business using new information provided by Rio.

“We expect this to change in 2014, with the division close to completing the majority of its transformation.”

A focus on cost-cutting and the closure of high-cost assets led Rio to report a $US550m aluminium profit last year, when most analysts were expecting it to just break even.

After redoing its Rio numbers last week, Deutsche has boosted its 2014 aluminium forecast to $US955m this year, up nearly $US300m on its previous forecast.

“After years of generating negative cashflow, the long process of restructuring Rio’s aluminium division is about to pay off,” the analysts said.

“The improvement in aluminium free cashflow will offset the slide in iron ore prices in our view.”

Rio’s Alcan acquisition was made as China started building enormous aluminium capacity.

Half of this is now thought to be losing money, but there are no signs it will be shut down in the short term.

This has depressed prices, which have fallen from about $US3000 a tonne in 2008 to about around $US1800.

At Rio’s London AGM last month and again in Melbourne last week, Mr Walsh spoke of an end to the Chinese aluminium overcapacity, which he says is partly the reason the investors he spoke of are backing Rio.

The reason is that the growing Chinese middle class, like aluminium production, is energy- hungry.

“The increasing middle class will buy refrigerators, televisions, airconditioners, you name it, and they’ll need to power those up,” he said.

“I believe there will be a transition from using stranded power in China to power aluminium smelters to actually using that power to provide power for middle class houses and for small and medium enterprises.

“It’s what happened to Japan in the 1970s — Japan had a very vibrant aluminium smelting industry back then; today they have none.”

Mr Walsh expected this to happen within the next decade.

Billionaire fund manager Kerr Nielsen, who runs Platinum Asset Management, is also a believer in aluminium.

In a recent fund update, Mr Nielsen said a bigger Chinese focus on returns on capital, pollution abatement, an export ban in Indonesia and reduced alumina supply following the closure of Rio’s Gove refinery were all set to slow capacity growth.

“The industry itself has seen demand growth of 6 to 7 per cent per annum and any slowing of capacity additions could see a strong move in the metals price.”

Deutsche Bank is forecasting prices will rise to $US3000 a tonne again by 2020.

Posted by Cweed > 2014-05-13 01:22 | Report Abuse

3 reasons I think can buy this counter on Wed:
1) up/ down follow Pmetal. Pmetal oledi up Mon, this one not yet. Wed up?
2) look at the chart's trend, just started to rebounce ( 2nd wave) ..
3) still penny stock, very cheap relative to Pmetal

Feel free to discuss. If it's good n timely to enter, we can sama2 go in n push the price up! Hehehe! How's that?

Good nite. ;)

Posted by labi > 2014-05-13 09:26 | Report Abuse

thank u cweed,ur efforts for the sake of group chatter.hope price would be back to 80+

Posted by Cweed > 2014-05-13 18:17 | Report Abuse

Labi, u r welcome. More news as at today.

Aluminium giant Rusal says losses narrowed in Q1
By AFP | 13 May, 2014, 10.29AM IST
0 comments |Post a Comment

Read more at:
http://economictimes.indiatimes.com/articleshow/35052322.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Posted by Cweed > 2014-05-13 18:24 | Report Abuse

Rusal Sees Aluminum Prices Recovering in Second Half of 2014
By Biman Mukherji

HONG KONG--Aluminum producer United Co. Rusal PLC said Monday it expects prices to recover in the second half of 2014 after a year of struggling with declines that led to production cutbacks.

"The aluminum market is in deficit today," said Oleg Mukhamedshin, a deputy chief executive of Rusal.

The Russian company, which is the world's largest aluminum producer, slashed production by 8% to 3.9 million metric tons in 2013 and halted production at several smelters after it had called for industrywide cuts in an effort to reduce stockpiles around the world. Rusal said it expects to continue reducing output this year to 3.5 million tons.

The price of aluminum, used in items as diverse as beverage cans, automobiles and aircraft, was recently hovering around $1,770 a ton. That is down from about $2,100 a ton a year ago and well below its mid-2008 peak of nearly $3,500.

The global market for the commodity, excluding China, moved into deficit as a result of cutbacks by producers.

The Chinese market is currently well-balanced for supply and demand, said Vera Kurochkina, a deputy chief executive of Rusal.

The consumption growth for the base metal is "healthy" globally, she said.

Write to Biman Mukherji at biman.mukherji@wsj.com

Posted by Cweed > 2014-05-13 18:24 | Report Abuse

I think it's time to enter this counter. ;)

Posted by kingcobra > 2014-05-13 21:30 | Report Abuse

Cweed, I totally agree with you ...LBAlum is a cheap counter and worth to enter!

Posted by kingcobra > 2014-05-13 22:39 | Report Abuse

At this moment Dow Jones is up 33.68...hope to see GREEN!

Posted by Cweed > 2014-05-15 19:33 | Report Abuse

Anyone bot this counter! Very happy to see such results! yes!

Posted by Kim > 2014-05-15 19:57 | Report Abuse

Last minute bought 72 cts.

Posted by solidfinisher > 2014-05-16 15:55 | Report Abuse

when can kikikikiki again??.....

Posted by Kim > 2014-05-20 20:13 | Report Abuse

90 cts coming.. / long-t 1.50

Posted by frankiechung > 2014-05-20 21:27 | Report Abuse

Why u said so ....

Posted by Sibehhosei > 2014-05-20 22:55 | Report Abuse

Sorry...not 90cens..... Rm1.00 for next month.....u will get surprise...

Posted by bovun2014 > 2014-05-21 15:31 | Report Abuse

90 or 69?

Posted by hkhk > 2014-05-21 17:00 | Report Abuse

when the result announced?

Posted by Eelyn Soon > 2014-05-21 22:05 | Report Abuse

next month

Posted by hkhk > 2014-05-22 09:43 | Report Abuse

Tq

Posted by bovun2014 > 2014-05-22 16:11 | Report Abuse

really difficult to make money at this counter

Posted by solidfinisher > 2014-05-22 17:02 | Report Abuse

sianzzzz why not up yet

Posted by fhis > 2014-05-28 16:39 | Report Abuse

coming....starting tomorrow

Posted by bovun2014 > 2014-05-28 17:16 | Report Abuse

hope this time is real.. or wolf coming..

Posted by fhis > 2014-05-29 12:21 | Report Abuse

well..more to come this afternoon...have to break 0.70 first...

Posted by bovun2014 > 2014-05-29 21:18 | Report Abuse

Pmetal's quarter result is good with 5 cents interim dividend. To be expect LBalum shall be good as well

Posted by Rubychooi > 2014-05-30 00:34 | Report Abuse

Hope Lbalum Q4 financial result will be an outstanding result. It should be release by end of Jun 2014. Looking forward next month.

Posted by BSHARK > 2014-05-30 09:19 | Report Abuse

To be flying today....movement in progress..start buying...while people busy at SEM-seven eleven

Posted by walawalabingbang > 2014-05-30 14:51 | Report Abuse

Wave start?

Posted by livermore > 2014-05-30 18:29 | Report Abuse

Drop again...

Posted by Lai Yin Keat > 2014-05-30 18:32 | Report Abuse

Game over.

Posted by BSHARK > 2014-05-30 19:12 | Report Abuse

Patient..,Monday action fast n furious...start low after this swing back...coz they need injection from traders as well to get better Q results...

Posted by livermore > 2014-05-30 19:58 | Report Abuse

Why last minute drop

Posted by tuantay > 2014-05-30 21:15 | Report Abuse

Hi

Posted by livermore > 2014-06-02 00:38 | Report Abuse

Hi

Posted by fhis > 2014-06-02 04:03 | Report Abuse

Come come shooting up tomorrow...0.75...:)

Posted by livermore > 2014-06-02 14:51 | Report Abuse

No shooting today?

Posted by fhis > 2014-06-02 15:21 | Report Abuse

shot a little bit...more to come very soon..

Posted by fhis > 2014-06-02 15:22 | Report Abuse

better buy a little now and wait for the big shoot later on...

Posted by bovun2014 > 2014-06-02 17:19 | Report Abuse

still collect not enough ticket..

Posted by livermore > 2014-06-02 17:22 | Report Abuse

When the show gonna start...no more fund to buy more tickets already

Posted by bovun2014 > 2014-06-02 20:48 | Report Abuse

Director disposed 50k 0.695... seems boss also give up. No more goreng action

Posted by CFTT > 2014-06-03 22:01 | Report Abuse

Hi

Posted by walawalabingbang > 2014-06-04 11:33 | Report Abuse

Afternoon shoot up starting