tag:blogger.com,1999:blog-29462482.post3521768842836511929..comments2023-10-17T15:46:53.662+08:00Comments on nexttrade: Astro IPO priced at a demanding multiple!Alex Luhttp://www.blogger.com/profile/08920196030603399063noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-29462482.post-81188061927138589612012-09-27T13:18:55.513+08:002012-09-27T13:18:55.513+08:00Thanks for the opinion on MK Land asked by Billy T...Thanks for the opinion on MK Land asked by Billy Teo. This is one of the counters that I've bought and will be holding on to for its fundamentals. The main attractions are: (1) selling below its 1.00 par (2) now making profits and with less debt (3) its NTA - this is the main attraction. <br /><br />At the very least, it's at 0.90 or so before the re-valuation of its land especially. Its land banks, especially near the Empire project/Damansara Perdana, are in prime locations. It is just a so-so developer but without having to do too much, will be increasingly valuable. This is with the assumption that the price of land will increase over time, of course.<br /><br />You are right about the technical readings. It is currently stuck in the 0.30-something range - good enough for traders to make profits during its swings. But I'm in it for the longer term. If it can get past the 0.40 resistance and stay above that, I feel it will then go up and up. Maybe something like TH Heavy (formerly Ramunia) - after it broke 0.40, it went past 0.50 and has been staying above that ever since.Mat Cendanahttps://www.blogger.com/profile/14912016111197047017noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-79861079901875790612012-09-27T09:36:05.008+08:002012-09-27T09:36:05.008+08:00Hi Mat Cendana
I hope you are wrong. It would be...Hi Mat Cendana <br /><br />I hope you are wrong. It would be bad if Astro IPO turns out to be the Malaysian "Facebook"- not the product/service but the share dumbing.Alex Luhttps://www.blogger.com/profile/08920196030603399063noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-33432404117649178812012-09-27T09:32:54.810+08:002012-09-27T09:32:54.810+08:00Hi Chen Wah Low
If you buy 4000 DIJACOR-OR at RM...Hi Chen Wah Low <br /><br />If you buy 4000 DIJACOR-OR at RM0.01 each (costing RM0.40 excluding charges) and then subscribe for 4000 Right shares (costing RM4800), you will get 4000 shares plus 1000 bonus shares at total cost of RM4840. Thus, each share will cost you RM0.968. That is about RM0.082 cheaper than yesterday's closing price of RM1.05. If the share price drops further (say to the psychological support of RM1.00), then your gain will be cut to RM0.032. It can be considered but this stock can be very quiet for long stretch. So don't buy too much!<br /><br />The entitlement announcement in Bursa website is:<br />"Renounceable rights issue of up to 491,302,655 new ordinary shares of RM1.00 each in Dijaya (“Dijaya Shares”)(“Rights Shares”) at an issue price of RM1.20 per Rights Share, together with an attached bonus issue of up to 122,825,664 new Dijaya Shares (“Bonus Shares”) on the basis of four (4) Rights Shares for every five (5) existing Dijaya Shares held at 5.00 p.m. on 24 September 2012 and one (1) Bonus Share for every four (4) Rights Shares subscribed for (“Rights Issue”)"Alex Luhttps://www.blogger.com/profile/08920196030603399063noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-56011234193462087342012-09-27T09:08:14.379+08:002012-09-27T09:08:14.379+08:00Hi Billy Teo
MKLAND broke above its intermediate...Hi Billy Teo <br /><br />MKLAND broke above its intermediate downtrend line at RM0.32 on July 20. Its immediate resistance levels are the horizontal lines at RM0.40 & RM0.44 while the support levels are at horizontal lines RM0.35 & RM0.33. The June 2009 high at RM0.49-0.50 is the ultimately the turning point or tipping point for the stock. Until it has broken above that level, this stock is still in a "range-bound" trading with a slight downward bias.Alex Luhttps://www.blogger.com/profile/08920196030603399063noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-35218878174426512232012-09-26T22:21:48.030+08:002012-09-26T22:21:48.030+08:00Based on the figures that you quote here, it *is* ...Based on the figures that you quote here, it *is* expensive. But many investors would not think much about this and will still subscribe/buy because "it is Astro". The brand name and familiarity (like Facebook) - this is what drives the IPO, not facts and figures.Mat Cendanahttps://www.blogger.com/profile/14912016111197047017noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-47758769678438376932012-09-26T22:19:16.907+08:002012-09-26T22:19:16.907+08:00Hi Alex,
Can you comment DIJACOR-OR? Whether to s...Hi Alex,<br /><br />Can you comment DIJACOR-OR? Whether to sell at current price 0.010 or but the rights?Anonymoushttps://www.blogger.com/profile/07969472639459317900noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-43030012040471794162012-09-26T20:47:01.928+08:002012-09-26T20:47:01.928+08:00Hi Alex,
Mind to share your view on MKLAND(8893)?...Hi Alex,<br /><br />Mind to share your view on MKLAND(8893)? Anonymoushttps://www.blogger.com/profile/11048923216782668919noreply@blogger.com