Cut lost ??? Its a very difficult decision . Let me meet my friend who work in steel hardware more then 20yrs one then see how . If really shortage steel pipe and price keep up then will keep , otherwise , really need cut finger not cut lost lol
sad to see many have huge loses and get stuck here.. you may blame the misleading management but please take care of own losses. Just painfully take it while you still can.
Hope leader effort on expansion mode can be realize in next Q and turn high reveneu into profit. Once make a turnaround in earning, it will translate into V shape recovery in share price later.
China Rebar prices rising fm RMB4290.67/MT on 23/11 to RMB4490.67/MT yesterday myongcc5 Direct conversion will read: MYR2664/mt to MYR2788.81/mt
MYR1 : RMB1.61
China rebar pricing is much higher RM 2600 compared to local selling price now RM 2400. It will NOT only discourage local construction firm to import from china, BUT, reversal happen, local steel is on expansion mode now can even EXPORT to china to meet their demand due to china lower production resulted from clamp down and environmental protection.
Leader expansion to produce rebar is just timely to meet the high selling price
Today is great bargain hunt for steel rebar exposure, bought back both lionind (1.36) and leader (average cost 51+sen) . China rebar price is UP significantly now
Don't worry.. it will climb back. Theres still some that hasnt got done with CL. Once weak holders are gone.. it will gradually climb back. Still have some hope in Q4.. (mainly bc is a very important qtr) for co to wrap up FY 17. Secondly.. datin may wanna goreng it before CNY (this is just purely my view) :)
Technically, it should be rebound based on today volume is half of yesterday selloff volume, imply selling pressure getting lessen. So, tomorrow, pressure should be even further ease off, pave way for technical rebound later
Cut lost ??? Its a very difficult decision . Let me meet my friend who work in steel hardware more then 20yrs one then see how . If really shortage steel pipe and price keep up then will keep , otherwise , really need cut finger not cut lost lol
onlyinvestment bro your steel hardware friend say how?
This afternoon i contact my friend who working in hardware factory , my friend say steel pipe no shortage , at the same time he saying also this 3 month not only rebar good selling , other steel product also not bad volume delivery. If really Kuching plant started produce rebar and like the Datin saying 10000tons one month , then maybe can keep and wait next QR. This is not a buy called and I'm holding Leader share and lost big money in this courter. Just sharing to all of yours because we are same boat now.
onlyinvestment I check back news also no guidance say when they start produce... Your hardware friend got trade rebar then sure can ask if they got selling d what
they disabled the email already since everyone flood their mailbox...genuine advise...stay away until you see next quarter results....do not average down your price until you see some light
Yes. Dont sell your lsteel - stoopid datin purposely announce bad QTR to buy back shares at dirt cheap price in the open mkt.. co is buying back shares @ 0.52! Those weak sellers got TRAP :(
chanteckfai "Where there is goreng, there is people behind, I more interested in the people behind" You sound like you lost a lot from "tips" , who got you into this shit? We all read the same news, but how you got to sailang the shares and now you say you kena tiam tiam??
@occa888, i ask my kuching friend call the leader steel kuching plant and ask the rebar , they say their rebar is import not own product. I scare now , if havent production but why the section analysis claim said rebar starting production on Oct ? And why the leader steel sale girl answer is import ? Now import expensive than buy local ? Why they import ?
@onlyinvestment Seem like this company need more work on investor relations. Why you email the PA no email the company directly? I found for you on web: info@leadersteel.my If true like you said, LS person spying this thread, chanteckfai and onlyinvestment here want to talk to you.
@chanteckfai y so serious? I just curious on the steel counters why got such up down . From follow thread i see is you and the sectionanalyst sailang. I don't agree with goreng but doesn't mean I cannot learn wat, afterall it affects me
@onlyinvestment i got source say, the management said never met up with someone from this forum before to talk numbers, us talking here definitely got some hoo hah effect and they got looking into it. hope this helps @chanteckfai
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onlyinvestment
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Posted by onlyinvestment > 2017-11-29 14:49 | Report Abuse
Cut lost ??? Its a very difficult decision . Let me meet my friend who work in steel hardware more then 20yrs one then see how . If really shortage steel pipe and price keep up then will keep , otherwise , really need cut finger not cut lost lol