Posted by mikekong55 > 2014-02-24 22:05 | Report Abuse

zu1967. keyed sell daya @ 0.46; will gap up tomorrow for daya.

Posted by whytea > 2014-02-24 22:06 | Report Abuse

I'm holding amedia too .. Hehe ..

Posted by mikekong55 > 2014-02-24 22:08 | Report Abuse

hepitrade. you not selling DAYA.sell up to you capital and jump into LUSTER tomorrow

Posted by hepitrade > 2014-02-24 22:09 | Report Abuse

Beware of risks in investing in sizzling oil and gas
(Monday February 24, 2014 MYT 6:36:48 AM)

THE oil and gas (O&G) space is sizzling and there’s no sign of it cooling off any time soon. There are deals aplenty being made. Just this week StarBiz reported that exploration giant Murphy Oil was looking at hiving off stakes in its assets in the country at a whopping price of some US$2bil to US$3bil (RM6.62bil to RM9.93bil).

Any local listed company buying these assets would see itself being transformed into a major O&G producer, overnight. The question of course, is whether one can afford such a price tag and whether the returns from that investment will be worth it. Also, the proposed sale by Murphy Oil doesn’t seem to include any management control over those assets.

Another notable development StarBiz highlighted was Petronas being close to selling 10% in Canadian shale gas concern Progress Energy at a valuation of twice what the national O&G company paid back in 2012.

This is significant because Petronas came under flak for presumably paying too much to buy Progress Energy then. But now it’s sitting pretty on an asset whose value keeps rising.

Then, there was the exciting development at Scomi Energy Bhd two Fridays ago, when savvy investors Tan Sri Quek Leng Chan and his associate Paul Poh, swooped in to get a block of shares at a seemingly mouth-watering discount.

By Monday, the buyers of this block of 11.5% of Scomi Energy – that included Norway’s oil fund, Norges and Lembaga Tabung Haji - were sitting on a 42% paper gain.

Scomi Energy and another O&G company, Uzma Bhd, whose shares have enjoyed a spectacular 67% rise over the last six months – are said to be bidding and close to securing risk service contracts from Petronas.

Late last year saw another exciting O&G play enter the market: Barakah Offshore Petroleum Bhd, which is 166% up from its reverse takeover price of 65 sen.

Barakah made such an impact that dealers now talk of finding the “next Barakah” in the form of listed companies hoping to see an O&G asset injection.

Investors are also chasing a number of other O&G companies.

But making money from the O&G business isn’t easy. Our market has seen its fair share of O&G companies that had stumbled in the past.

As examples, consider the stories of Ramunia Holdings Bhd, KNM Group Bhd Malaysia Marine, Heavy Engineering Holdings Bhd (MMHE) and the Scomi group. These stocks were at one point the darling of investors.

But at some point, they struggled to execute their businesses well. O&G fabricator Ramunia had slipped into PN17 status in June 2010. To quote from a Maybank research report dated April 2010: “Ramunia is in bad shape operationally and financially. It faces declining order book, earnings and shareholders funds due to poor project execution and negative cash flows.”

KNM Group Bhd was another high-flying oil and gas player. But it too did stumble, suffering a quarterly loss in 2009 and a full year loss at group level in 2011. Among the reasons for its losses was its high fixed cost and debt levels. It’s aggressive overseas expansion also saw it having to provide for foreseeable losses in Brazil, Canada and Indonesia.

The Scomi group had encountered similar problems with its overseas assets while giant fabricator MMHE had suffered from higher-than-expected expenses incurred from some of its projects and from the share of losses from jointly controlled entities’ performance.

One problem is that the O&G business, like many other sectors, is cyclical. You may invest during peak times but then get saddled with high fixed costs and low utilisation rates when the cycle hits a downturn.

Getting the right expertise to executive projects profitably is another challenge.

Investors shouldn’t get carried away with companies saying they are going to morph into an O&G concern. Such things don’t necessarily happen overnight. In the case of Barakah, it took the company two years to finalise its reverse takeover.

And if you are talking about the exploration and production segment, then remember that the oil majors took many years to get to where they are today.

The golden rule of looking for companies whose management have the right expertise and track record shouldn’t be forgotten in these bullish days of the O&G sector.

Senior news editor Risen Jayaseelan is betting that the O&G space will continue to sizzle in the weeks and months to come, with deals taking place left, right and centre and thereby offering opportunities aplenty for astute and well-informed investors.

Posted by 31153115 > 2014-02-24 22:09 | Report Abuse

mike luster also contra play???

Posted by hepitrade > 2014-02-24 22:11 | Report Abuse

SIfu, so good lo... outsider like me need to work hard to earn little money only :(

Posted by hepitrade > 2014-02-24 22:14 | Report Abuse

sifu, luster tp plz? hehe.. i wanna buy more to cover back my inari wa losses.. hehe

Posted by zu1967 > 2014-02-24 22:18 | Report Abuse

Bro mikekong. I still some reserve fund for luster. At what price we should key in for luster.

Posted by speakup > 2014-02-24 22:20 | Report Abuse

strange! can lose money in inari?

Posted by mikekong55 > 2014-02-24 22:21 | Report Abuse

buy 0.13/0.135 contra tp 0.155/0.165

Posted by 31153115 > 2014-02-24 22:23 | Report Abuse

thanks sifu mike for Luster

Posted by sunlight > 2014-02-24 22:24 | Report Abuse

many thanks sifu mike for your sharing on daya and luster

Posted by zu1967 > 2014-02-24 22:25 | Report Abuse

Bro mike. Very interesting. Can make few thousands tomorrow again - be very good. Kinki

Posted by hepitrade > 2014-02-24 22:28 | Report Abuse

speakup, not inari but the warrant..
1st round gain 1.5k but second round loss few hundreds

Posted by lollipopz > 2014-02-24 22:28 | Report Abuse

Sifu, daya will not touch 0.50?

Posted by hepitrade > 2014-02-24 22:29 | Report Abuse

zu1967, u can tahan bo everynite count $ with ladies around? huhuhu

Posted by zu1967 > 2014-02-24 22:31 | Report Abuse

Bro hepitrade. That is big problem. Need to buy tongkat ali. Ki ki

Posted by mikekong55 > 2014-02-24 22:32 | Report Abuse

lollipopz. this week i think cannot;next month maybe. hard to breakout 0.48/0.485. today volume more than duble friday volume;likely profit taking tomorrow. may be i am wrong;anyway have key in to sell @ 0.46.

Posted by 31153115 > 2014-02-24 22:33 | Report Abuse

dj up, good start

Posted by hepitrade > 2014-02-24 22:35 | Report Abuse

ok .. i follow u sifu sell daya @ 46c... hehe

Posted by mikekong55 > 2014-02-24 22:36 | Report Abuse

hepitrade. most of your friend's in other forum also trapped in pelikan?

Posted by zu1967 > 2014-02-24 22:37 | Report Abuse

Bro mike. Daya i will keep. Buy luster with my reserve fund

Posted by mikekong55 > 2014-02-24 22:42 | Report Abuse

zu1967. waiting for my tafi & presbhd to shoot.DJI up 81+,hope close positive will do.haha

Posted by tuck2 > 2014-02-24 22:46 | Report Abuse

hi Mike, I can only chose between SALCON & LUSTER, which is better?

Posted by 31153115 > 2014-02-24 22:46 | Report Abuse

sifu mike can tell why TAFI for long term???

Posted by zu1967 > 2014-02-24 22:49 | Report Abuse

Good night all bros. Tomorrow to watch daya and buy luster. Kikikikiki

Posted by 31153115 > 2014-02-24 22:49 | Report Abuse

dji break 100 now, hope can sustain

Posted by Richmond168 > 2014-02-24 22:52 | Report Abuse

Bro swingtrader. Hai ya.. Today whole day I'm so busy, even got not much time to monitor my trades and just came back to home and turn on I3 then saw a bad news from u liao. Kenapa bro? Ur trades at stock market also can buy u an expensive cigars plus branded underwears ady lo. Keke.. Why swing to marketing to get u the cigars. Adui.. Anyway, u must miss us very much okay, just like our bro mikekong do. Pls come back visit us more often whenever u are free ya, especially during the weekend. Hehe.. By the way, all the best to u in ur new career advancement. Wishing u best of luck always. Well sleep tonight and have a brand new day starting from tmr. God bless. :)

Bro mikekong. U are really great la bro. U always just make me cannot sleep. Hihi. Okay, tmr buy Luster then. Thanks for ur tips again. Hehe.. :)

Posted by butter_will_fly > 2014-02-24 23:02 | Report Abuse

Thanks sifu mike.

But I saw there's an announcement from luster...about acquisition of a new company? Able to get in @ 0.13/0.135?

Posted by changlk03 > 2014-02-24 23:21 | Report Abuse

http://klse.i3investor.com/blogs/fiboex/46002.jsp

What do you all think?

Posted by changlk03 > 2014-02-24 23:25 | Report Abuse

Bro swingtrader, aiya.. Go do marketing pulak.. Swing here n there better money ma. Get one in office can sit there work + swing. lol
Anyway, all the best! Can post your comment here early in the morning too. heheh

Posted by butter_will_fly > 2014-02-24 23:28 | Report Abuse

changlk03 - Haha it's highly possible? Why? Because if you believe in golden ratio, or Fibonacci ratio, 61.8% or 0.618 is the possible place to retreat to. Go find some charts and draw it! It might be either at 31,50 or 61.8. Not necessary every time it needs to be 61.8 one...

Posted by hepitrade > 2014-02-24 23:29 | Report Abuse

butter...
' Go find some charts and draw it! It might be either at 31,50 or 61.8. Not necessary every time it needs to be 61.8 one...
24/02/2014 23:27

where to find ?

Posted by smallpotato3 > 2014-02-24 23:32 | Report Abuse

mike how about salcon?

Posted by chodoi > 2014-02-24 23:33 | Report Abuse

ok tmr buy luster...tq bro

Posted by butter_will_fly > 2014-02-24 23:33 | Report Abuse

hepitrade - Not sure lol. Haha. But if you use sifu mike's TP for LUSTER, 0.165, then u draw from 0.1 to 0.165, it's about 61-ish% too. xD

Posted by changlk03 > 2014-02-24 23:39 | Report Abuse

Sifu mike, thanks for the recommendation today. Feel more confident after in Luster today. hehe. Buy luster, sell daya tmr after gap up. :)

Posted by changlk03 > 2014-02-25 00:04 | Report Abuse

butter - just an indicator right? so how do you see usually? still learning.. hehe

Posted by hepitrade > 2014-02-25 06:24 | Report Abuse

Morning Sifu, bro & sis.... DJI up to 100++... Huhu

Posted by ronaldo96 > 2014-02-25 06:29 | Report Abuse

morning, bro and sis. Today will bump into LUSTER.

Posted by sunlight > 2014-02-25 06:33 | Report Abuse

Morning sifu mike, hepi and all! Happy trading everyone!!

Posted by hepitrade > 2014-02-25 07:10 | Report Abuse

Yup... wana bump heavy in luster today : )

Posted by changlk03 > 2014-02-25 07:53 | Report Abuse

Good morning all. There's a news related to Luster:
OTHERS - ACQUISITION OF SHARES FOR A TOTAL CONSIDERATION OF RM2.00

LUSTER INDUSTRIES BHD.

Type Announcement
Subject OTHERS
Description - ACQUISITION OF SHARES FOR A TOTAL CONSIDERATION OF RM2.00

The Board of Directors of LUSTER INDUSTRIES BHD ("LUSTER") wishes to announce that its wholly-owned subsidiary, Luster Precision Engineering Sdn Bhd (“LPE”) had on 24 February 2014 acquired the entire issued and paid-up share capital of Pembinaan LSP Jaya Sdn. Bhd. ("PLSP"), a private limited company incorporated in Malaysia under the Companies Act, 1965 on 19 February 2014, with an authorised share capital of RM400,000.00 comprising of 400,000 ordinary shares of RM1.00 each, of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up, for a cash consideration of RM2.00 (the "Acquisition") from Puan Hasliza Binti Mat Hushin and Puan Farah Hasnina Binti Abd Hadi.

Pursuant to the Acquisition, PLSP becomes a wholly-owned subsidiary of LPE. PLSP is presently dormant.

None of the Directors and/or substantial shareholders of LUSTER and persons connected to them have any interest, direct or indirect, in the Acquisition.

This announcement is dated 24 February 2014.

Sifu mike, any effect on share price?

Posted by pop8872 > 2014-02-25 08:34 | Report Abuse

morning everyone :) happy trading all

Posted by mfaizalm80 > 2014-02-25 08:43 | Report Abuse

morning...buy extol......

Posted by hepitrade > 2014-02-25 08:55 | Report Abuse

Sifu.. I think still got some trapped in pelikan :/

Posted by changlk03 > 2014-02-25 09:01 | Report Abuse

No gap up for daya wo... surprisingly.. But luster .135-14. in?

Posted by 31153115 > 2014-02-25 09:02 | Report Abuse

amedia!!!

Posted by changlk03 > 2014-02-25 09:05 | Report Abuse

Bro 31153115, u in? hehehe

Posted by zu1967 > 2014-02-25 09:05 | Report Abuse

Holy cow. Cannot trade today. Problem with system