Thank you Namoyaki. I wish to wait this stock if drop further & i will take action buy more to average down the higher price that i bought before. i want to hold this stock for long tern like 5yrs somthing.
Dear Liew kimguan, very sorry and as clarified before, i'm not good in commodities, but 1 thing for sure, you must treat your counter like your good friend; some say you must treat them like your girlfriend/boyfriend. Having said that, we must really know and take good care of them, their move, their behavior and so on. Technically, our market touched 1527 and its rebound back to 1530+ yesterday. With the global impact of EU & US + ASIA situations, there are possibilities for our market to go down under to 1500. But it was quite strong at the support of 1527 now. Where its heading or going to? Break 1527 down will be 1510/1500, but if up 1527 (now 1534) will be at the next support of 1540/1545. Please consider to re-structure yr investment with MFLOUR.
Yazid, still good offer, support at 1.48? tu. Now dah YTD lowest dah pun rupanya. Buts its climbing up, Stoc agak ok, RSI jer tak very convincing. Esok sure ok ni kalau based on Technical Rebound today, now 1544+. Friday maybe adjust balik according to global current situations. Makan roti canai dulu lah!
anuloke : yes i brought in 1.19 sold out 1.55 earn a bit on last month. now thinking to reenter again at Huayang. Still under observation. What do you think ?
Ya la, commodity is a bit slow this time around. Stable company but slow in ROI. It is like eating oatmeal bread, not so nice but healthy in the long run. Roti canai not so healthy but nice because of oil and butter. So, we need some butter and oil to boost MFlour now. :-)
Giving 64 sen as dividend, taking 90 over sen for the right issue, share split and bonus issue by Mfloor are just tactics to snare the retail investors. Don't ever buy shares just because the company is giving right and bonus issues.
eagleis: If u read my comment on the 2nd of April before bonus, dividend and right issue date,
eagleis: I commented on the 2nd April re MFL that their offer of Bonus, Dividend, and right issue is to good to be true. Those who bought this counter before the ex-date all lose money. What I presumed is correct. I append below my comment on the 2nd April. " Posted by faisal jaafar > Apr 2, 2012 07:51 PM X
Re the 2 rights @ 0.93 plus warrant is a way to attract investor. Bear in mind that they want u to buy this right so that they can have more money in their coffer to do business, but this does not guaranteed the present price will remain the same after you pay for the right issued of 0.93 cts. The price after right issued definitely will be adjusted. Don't you think so?
Most of Malaysia retail investors are not mature enough. They jump for joy when a company announces right and bonus issue. The matured investors will dump a counter if there is any proposal for cash call. Perhaps we should change the term right issue to cash call so that the laymen could understand better.
eagleis, you are right. i remembered i read somewhere that a good company wont simply announces right and bonus issue, because it means the company is asking MONEY from its shareholders......
Jacklew, I noticed when they offer dividend lower then the right issue, that's mean they give you dividend from your own money and you have to fork out another 0.46 cts to their coffer for them to do business. Good company will give you dividend from their own coffer, not the other way around.
Take it this way, bonus issue gives no extra value to the share holders it's like changing one 10 dollars bill to two 5 dollars bill and to make it worst it's used as the sweetener for the right call (actually the cash call). Please watch out for this management trick.
Moving forward it will be challenging ( ha ! I like the word this people use, challenging ) now that the Q1 is out and let's give it a favorable estimate for the remaining 3 quarters say 20M each quarter so the total earning for this year will be about 60M that gives the EPS as 11 sen and the forward PE as 14x. Mind you that's my favorable estimate. I'm sure you can estimate the prospect yourself.
Pacino: i will not buy mflour for temporary reason as a global ecpnomic problem uncertainty.... n mflour business situation is not good enough... needs to wait...k
Yazid, mflour business maintained, not to say not good. I still eat Roti Canai that made by flour base. The things is, wheat or grains is not in the lead for commodities business right now, so?
Eagleis, hahaha. If you drink beer wine, it is also fall in commodities business. Wheat (malt), grain, grapes is still not in the lead for comodities but soya (soy) is.
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liew kimguan
268 posts
Posted by liew kimguan > 2012-05-19 14:33 | Report Abuse
Thank you Namoyaki. I wish to wait this stock if drop further & i will take action buy more to average down the higher price that i bought before. i want to hold this stock for long tern like 5yrs somthing.