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2020-01-13 12:14 | Report Abuse
But to be fair to the company bosses,
This "prices miss matched" was not likely created by the bosses to collect hard cash from us.
The reason I said so is because VC-PA is trading below 0.05, No one will opt for conversion by 1 PA+0.10=1VC. People will just convert by 3PA=1VC, no hard cash to be collected by the company.
In fact if we look at the record, on 31st Oct 2019
1) Director Lim converted 3,290,000 VC-PA by 1PA+0.10=1VC,
2) Director Goh converted 30,456,150 VC-PA by 1PA+0.10=1VC,
They really took out hard cash from their own pocket for the conversion.
So they do have confidence in the company.
2020-01-13 11:57 | Report Abuse
As I said, VC and VC-PA prices are miss matched,
There must be a lot of people,
1) Who already owned VC-PA,
2) And also a lot of people will rush in to buy VC-PA,
Then many of these people will convert VC-PA into VC mother share,
What will they do if the prices are still miss matched when they get their mother share?
Of course they will sell their mother share and buy back VC-PA again, and will go for another round of conversion!
So, will the "price miss matched" sustained?
2020-01-13 10:37 | Report Abuse
Of course I have bought some VC-PA before I wrote about VC-PA fair value calculation, unless I mentioned clearly in the article that I did not buy any.
2020-01-13 10:08 | Report Abuse
Aiyo......
The prices of VC-PA and VC mother share are very much miss matched, simply does not make sense.
It is either VC is too much being goreng up or VC-PA is too much being goreng down.
That is why in my fair value calculation for VC-PA, I input VC=0.12.
And even VC at 0.12, the fair value of VC-PA is 0.0667,
So, buy VC-PA instead of VC mother share, or do not buy any of VC or VC-PA at all.
2020-01-12 17:25 | Report Abuse
之前我在Cell K2放=IF(I2<0.10,I2/3,I2-$B$6)/B$7是疏忽,得到错误的合理价0.0640,改正后为=IF(I2<0.15,I2/3,I2-$B$6)/B$7,才得到正确的合理价为0.0667。注明:K2的formula是要copy去整个Column K的。
2020-01-08 09:52 | Report Abuse
Aiya, yesterday I bought at 0.065 and sold on the same day at the same price.
2019-12-26 10:58 | Report Abuse
有网友善意提醒。。。
所以今天早上就排着-5.0要平仓,刚刚做完了,
扣除交易费/税,净赚1.2608点,或每张赚RM63.04,赚点小钱也好,
如果它再涨回去-3.0,可能再卖。
2019-12-24 14:14 | Report Abuse
以上的文件是有本地大学的讲师所发表的。。。
参考那个Equation (1),P fair = P ( 1 + i )- D
D是Dividend,所以是零,因为正月没有任何的股息除权。
他们说 i 应该是financing rate,以目前马来西亚的现状,应该是4%吧,
P就当着是12月的FKLI的市价=1612
那么P fair或正月的FKLI的合理价 = 1612 ( 1 + 0.04 / 12)- 0 = 1617.4,
所以FKLI Dec/Jan Spread 的合理价 = 1612 - 1617.4 = -5.4点
而今早我说的合理价是-4.85点,我还比较保守呢!
2019-12-17 11:23 | Report Abuse
gbk5566,
我不曾这样研究过,
我一切以当前的股息除权的数据和利率而去计算它们的合理价,
目前我是假设明年的股息除权和今年相同,
得到以下的预测股息除权:
1)正月:没有任何股息除权
2)二月:股息除权约5.08点
3)三月:股息除权约10.33点
4)四月:股息除权约6.84点
5)五月:股息除权约2.67点
6)六月:股息除权约3.82点
要注意:
1)PBBANK于2019年3月5日除权37分的股息,我预测2020年它很有可能提早在2月除权。
2)MAYBANK于2019年5月7日除权32分股息,我预测2020年它很有可能提早在4月除权。
我没有办法解释为什么它们有可能提早,感觉而已。
2019-10-19 17:02 | Report Abuse
5354_
What I can think of, one of the following,
1) Some people are very sure that the company will get big job / profit soon.
2) The market players are just stupid, simply goreng.
2019-10-19 14:28 | Report Abuse
Hahaha...OK..OK..
Input interest rate and volatility at 4% and 32%,
Then trial and error the mother share price, until I get WA's fair value of 0.125,
The correct mother share price is 0.395.
2019-10-19 12:34 | Report Abuse
https://klse.i3investor.com/blogs/gambler/230904.jsp
14th March:
Mother share and WA were RM0.340 and RM0.110, so I bought WA,
17th March:
I write a comment that we should consider to take profit.
18th October:
Mother share and WA are now RM0.270 and RM0.125, what a surprise!
2019-10-19 12:10 | Report Abuse
In another word, at the moment when the mother share is at RM0.270, I will only buy WA if the market price is much below than the fair value of RM0.055.
2019-10-10 09:17 | Report Abuse
明天财政预算案,股市可能大起,也可能大跌,横摆的几率应该比较小。手上有大量C7O的朋友,可以选择抛空期货来做对冲,最好的比例是1张FKLI配78000股C7O,大起大跌都有钱赚,当然谁也说不定,如果股市不动如山,那就会亏一点钱。。。。
2019-09-23 14:23 | Report Abuse
你蛮Resourceful的,能找到如此的资料。
我是估算10月将会有约5.02点的除权,然后从中算出SEP/OCT Spread的合理价,至于Bloomberg是怎样算,我不清楚。
2019-09-23 08:34 | Report Abuse
目前CIMB的股息除权日还没有确定在在哪个月,看来应该在10月,以此计算,是应该买在-0.5点,不过9月只剩下几天而已,如果你的水钱不便宜的话,那就不要。
2019-08-22 19:21 | Report Abuse
我是说这个:
你先明白以下:
1)A先生有很多现金,看好市场,他想投资股票,他有两个选择,
1.1)拿钱去买股票,
1.2)拿一点钱去Long期货FKLI,剩下的钱拿去赚利息。
2)B先生只有一些钱,也看好市场,他也想投资股票,他也有两个选择,
2.1)利用Margin/借钱去买股票,
2.2)拿一点钱去Long期货FKLI。
3)C先生有很多蓝筹股,看坏市场,他想卖掉股票,他有两个选择,
3.1)把全部股票卖掉,
3.2)Short期货FKLI。
以下的因素影响他们如何做决定:
1)买股票能领取多少股息?
2)把钱存在银行能赚到多少利息?
3)借钱买股票需要付出多少利息?
借钱和存钱的利息全年都是不会变动,除非国家银行加/减息,
所以关键是在股息,未来的股息大家只能猜猜而已,或者当着是和往年一样。
2019-08-22 18:58 | Report Abuse
The KLIBOR (Kuala Lumpur Interbank Offered Rate) is the average interest rate at which term deposits are offered between prime banks in the Malaysian ...
我不明白你说的KLIBOR Index Point?
2019-08-12 08:53 | Report Abuse
1.在另外一个贴已经解释如何算FKLI的合理价,算到八月FKLI的合理价,再算九月FKLI的合理价,那么把八月的减九月的,就是那个Spread的合理价了,八月和九月的合理价会因为KLCI上下而波动,但是上就一起上,跌就一起跌,所以Spread的合理价就不变。
2.市价就是八月的市价减九月的市价。
1.要算九月的股息造成多少点的调整,就要预测九月里有什么公司会有股息除权,可以参考往年的股息记录。先要知道每个指数股在综合指数里的比重,不必很准的,去FBMKLCI-EA这只ETF的公告就可以算到了。
2019-08-11 16:34 | Report Abuse
不明白你说的“是一直往上走的?”
你先明白以下:
1)A先生有很多现金,看好市场,他想投资股票,他有两个选择,
1.1)拿钱去买股票,
1.2)拿一点钱去Long期货FKLI,剩下的钱拿去赚利息。
2)B先生只有一些钱,也看好市场,他也想投资股票,他也有两个选择,
2.1)利用Margin/借钱去买股票,
2.2)拿一点钱去Long期货FKLI。
3)C先生有很多蓝筹股,看坏市场,他想卖掉股票,他有两个选择,
3.1)把全部股票卖掉,
3.2)Short期货FKLI。
以下的因素影响他们如何做决定:
1)买股票能领取多少股息?
2)把钱存在银行能赚到多少利息?
3)借钱买股票需要付出多少利息?
借钱和存钱的利息全年都是不会变动,除非国家银行加/减息,
所以关键是在股息,未来的股息大家只能猜猜而已,或者当着是和往年一样。
2019-08-05 19:51 | Report Abuse
如果上个星期五,我们不偏向看好,也不偏向看淡,
就在0.025买了400000股C7F,然后抛空6张FKLI,
那么今天的结果是:
1)C7F这部分,亏了0.005*400000 = 2000
2)FKLI这部分,赚了6*50*15 = 4500
不错嘛!
2019-08-01 18:22 | Report Abuse
Will Anwar Ever Become PM?
The answer is : Very Unlikely.
2019-07-31 10:23 | Report Abuse
RainT,
How did you get 2.5%?
Interim and Final Dividend were 2.0 sen and 2.9 sen,
DY = (2.0+2.9) / 80 = 6.1%.
2019-07-23 10:04 | Report Abuse
No harm waiting if the dividend is good.
2019-05-23 09:51 | Report Abuse
NAIM drop 9 cents now, DAYANG should drop 2 times 9 cents, i.e. 18 cents accordingly once it open at 10am.
2019-05-20 18:13 | Report Abuse
In general,
Company Share Buy back = Company Pay Out Dividend,
Both will reduce cash in the company.
Just ignore those minor differences.
One minor difference is Company Share Buy Back will make the EPS Growth look better, when compare to Company Pay Out Cash Dividend.
2019-05-20 09:59 | Report Abuse
1) Cash flowing out from the company.
Both dividend payment and share buy back will cause a certain amount of cash flowing out.
2) Let say you own 1% of that company, your ownership will become 1.11% after a 10% share buy back. You can sell that extra 0.11% ownership in open market.
Company Share Buy Back + Sell part of your share = Company pay dividend
3) Let say the company pay dividend, and you use that amount of money to buy more share.
Company pay dividend + You buy more share = Company Share Buy Back.
2019-04-16 15:36 | Report Abuse
The company has announced the final dividend of 2.9 sen, a bit disappointed, why couldn't they just make it to 3.0 sen? May be because of the land purchase. Anyway, with the interim dividend of 2.0 sen, the dividend yield of higher than 6% is good for investment.
2019-04-15 09:55 | Report Abuse
As he was selling at 0.31, my guess is the price will be trading in the range of 0.20 to 0.40 for quite some long time, very unlikely to go up beyond 0.40,
2019-04-11 14:35 | Report Abuse
I bought at 0.365, sold at 0.355,
Now thinking of buying back....
2019-04-11 09:43 | Report Abuse
vivabursa
As a property developer, TAMBUN has to replenish their land bank, this is part of the game, or else how to continue building houses?
No worry about the holding cost, as the land value will appreciate from time to time, due to inflation and depreciation of Ringgit.
The longer they hold the land, the higher profit margin they will get when they sell houses or vacant lots next time.
2019-04-10 09:24 | Report Abuse
kyy_superinvestor
Because they are township developer.
Before they develop that particular township, the land there was still very cheap, so they bought them cheap, then when the township was developing, the land market price would start going up.
Most TAMBUN's projects are of landed property, the major value of the house is land, construction cost is very much less compare to those high rise condo.
So, profit margin is high.
2019-04-09 20:06 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6121101
The lands are to be bought at 625K per acre.
Cheap or expensive?
Some excitement for tomorrow trading?
2019-04-09 19:26 | Report Abuse
TAMBUN今天公布,其子公司(70%股权)以1.31亿买了209.54英亩,等于每英亩625千,地点是目前的Pearl City的南边隔壁,
便宜吗?
Stock: [HM]: HARVEST MIRACLE CAPITAL BERHAD
2020-01-13 16:24 | Report Abuse
The above two announcement show changes in Director Goh in VC and VC-PA respectively. Same quantity on same day, so meaning convert by 1VC=1PA+0.10.