Herbert, what would the profit expectation for next reporting quarter. Expected fall in income,the profit will be diluted cos sharing of the profit with other IGBreit shareholders? New cash will only generate income another one or two years to come. A layman view..
I doubt that the coming quarter-end will be any big impact, yet it is still couple of months to go before the results are released. But the trade is the current trend.... Some of us may be clueless as to why the Company keep buying back its shares, when the daily volume since last Friday, had almost Tripled that for the past one month average....
If we look back on this counter's trend, it has similar pattern in 2011, of which they ended up giving out bonus shares to its shareholders. Thereafter, the share price moved like crazy, and the warrant play was very active then ..... This is a very smart move for a Company which holds lots of cash, and similarly sustaining pricing of its shares, by buying back in droves continuously ....
Whenever the counter drops like this, it is time for punters to start looking for opportunity to buy.... coz u will not regret the rally which will entails thereafter...
Yeah herbert you are right. No wonder saw you and few others familiar names in the forums at ctr that had drop tremendously i.e., IJM, DRB, IGB, air asia etc. where these are the best place for hunting.
Next week kasset going to give 524:100 to their share holder. Meaning kasset going to shrink in market capital. Igb holding kasset will have kasset market capital shrink and receive more igb reit shares. Hmmm what implication to igb after kasset offer in specie of 524:100 ? Shall see next week
Shhhhhh , IGB is looking good to touch 2.30 today ...... why not look at the warrants too.... the warrant play can be very handsome return, given that not many punters are aware of the price movement yet....
For those who had bought yesterday and sell today would be Laughing Out Loud (LOL) !!!!!
The budget does have impact on property developers, given that the not so stringent RPGT changes. Likewise, if you read between the lines, it is a CONSUMER driven budget. So, it is expected that retailers and SHopping for houses, retail shops rental, etc. are going to do well. So, if you interpret it that way, the budget is indeed in IGB's favour.
In fact, what is more interesting is that IGB's shares are NOW attracting back its previous punters, who now see the logic of holding more IGB's shares rather than IGBREIT. Probably, those who disposed of IGB Corp previously to park their money in the IGBREIT's rally, are now parking them back in IGB. In fact, this is a very smart move, given that the punters would have made at least 30% capital gains in the past 2 weeks, playing contra etc.
If that is going to attract the buying in the early part of next week, given that KLCI is expected to rise after the budget, IGB is going to go higher. Well, let's watch out for its breakout!!!!
It went up to 2.38, and stayed there for more than 10 mins ...... The trend is very bullish for IGB now, and the strong support above 2.30 by the Company is very positive for the counter.... stay tuned for more rally to come ..... :))
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....
captros
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Posted by captros > 2012-09-26 17:55 | Report Abuse
Herbert, what would the profit expectation for next reporting quarter. Expected fall in income,the profit will be diluted cos sharing of the profit with other IGBreit shareholders? New cash will only generate income another one or two years to come. A layman view..