From my observations, I notice someone purposely blocked at 0.62 with bigger seii q when immediate upper selling q are small during opening trade.
This cause some impatient sellers to disposed their holding lower with range of 5000 to 30000 per transactions even when buyers are willing to offer higher price eg 0.610 today.
On the other hand, there is others slowly collecting at lower price and prefer price remain stagnant. I believe once they have enough tickets price will rocket from here.
For those who want to cash out, if can hold for 1 or 2 days or better q at higher than 0.62 and see how the silent accumulators react. Then u will have a clearer picture of the where LSTEEL will heading to.
1) buy into Mycron @ 0.285 small positions ( to date nill) 2) AYS - Few times successful trades 3) Leonfb @ 0.4 small positions - nill now 4) Prestar @ 0.455 seriously position where I mostly sell off at rm1 which I deeply regreted. Now holding less than initial 15%
For prestar, I forsee a good chance for bonus issues soon.
5) Lbalum ( aluminium) @ 0.590 seriously position. 50% holding to date
Due to limited fund, the above are the only companies I had enter with satisfactory return.
Lagger among steels ctns, low issues shares and forsee continues robust demand in steel products.
Recently anti dumping duties from Vietnam and Indonesia will see MITI will continue protective policy towards our country steel industries which likely announce by Azmin in May.
Once comfirm, the fundamental and prospect of lsteel and others are secured at least couple of qtrs.
Consider myself in serious position and entry point not far from today closing price, since I enter early March 2021.
@0.72 mcap (101M) retaining profit 28m and back with NTA 1.15 Current demand/margin : 10m per annum easily achieved One of the lowest PE profitable steel company and among highest in dividend payouts.
Day traders prospective :
Bullish momentum built up, price above sma 200 Low share issues : 140 334 960 Treasury shares : 5502400 pending 28th AGM to buy back up to 10% issued share If price stay low there is room for 8531096 sbb. Last year lsteel do PP to investor > 10% actual figures need to ref back.
Public shareholding spread under max sbb is 44.67% Big boss no selling sign, PP holders too and there must be many long term investors too, in shorts free float is low. Today vol surge 17m are mainly traders ( u know I know la)
Why suddenly become so hot is investors anticipate a big leap in net profit.
1Q21 my projection is 0.8 net of FY20
L STEEL and EMETALL are RRPT manage by wife and Dato Goh/son respectively, but today emetall closed better, funny right??
Future prospects :
6m rental income annually (factories, hostels and machinerys) to Lienteh and EMI
2nd production plant in selangor proximity near port klang otw.
Chairman hints : strategy change, moving away from construction dependancy (higher margin) products and good prospects in earning moving forward.
lucky boy, if i not mistaken Mr.Goh holding more than 50% direct/indirect stock for EMEtal... i oso quick surprise with these data...look like they purely do biz for lsteel goreng at emetal? haha
caonima, if u look at the data and date of your comment then u really make yourself look foolish...whoever call buy as long as we hold lower than him what u scare...who ask u to follow anyone buy or sell...pls study FA or TA yourself...
I already hints somebody quietly collecting ur cheap shares while price below 0.6 buy still many sellers. Maybe are some unties uncies who do not access to forum.
Many complaint counter too dull, but I see big opportunities in lsteel which I consider 2nd tier steel company that r very much lagging behind. Among the group Tashin, leonfb, ays already accelerate/break away ahead.
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....
Hooi369
657 posts
Posted by Hooi369 > 2021-04-12 09:23 | Report Abuse
Lsteel healthy company but need more volume come to push...dato Goh go go go....after 61-625 next rst 70...go go go...