should write to SC and bursa to demand more clarification from TA. with such huge unrealized loss reported in this quarter, meant dividend also gone......
Sslee, TA loss is someone gain especially on this unquoted securities(what the hell is this)??? remind me of don't know what 1MDB (Arul Snake Kanda) claimed units in certain fund which is al fraud Hopefully someone can share this unquoted securities..............
This might be Omega 2 in the making. Heck man, management involved in derivatives trading. In terms of riskiness derivatives is at the top of the pyramid. I bet these fellows never employ Value At Risk (VAR) in their risk profiling and control structures.
Since this stock had a ceiling price of 66 sen it was not going to breakthrough. I sold out at 63 sen a few months ago and invested in some very badly beaten down stocks, especially ASTRO. It was a lucky move. Was looking at this quarter results to see if it was worthwhile to re-enter for maybe a good dividend announcement in April, but now it is not going to be very good. Hopetobecorrect- I am sorry , I don't really know what to say.
Negative results + oversupply office in KLCC area + Market share of TA Securities is reducing every year + low trading volume, easily fall below RM0.60 later on.
Loss attributable to parent RM166million is equivalent of wipe out of 14.7% market value or RM0.097 per shares. Wondering will gap down to RM0.56 later.
Last quarter Oct - Dec 2018, DJ dropped from 26.9K to 21.7k, whole world market followed and crashed, all TA investment had to suffer along with unrealized lost (assume not selling and still holding).
Unrealised losses: RM (229,549,000) already in the Book. --> start at clean slate ?
Current quarter Jan - Mar 2019, DJ rebounded from 21.7k to 25.9k (till now), not sure how the TA investment would do to the accounting book??
luckypunting has a very good point. Next quarter could be very good. But I am not gonna buy as yet. It is not a dividend play, most likely can get about 2 sens. Not worth to invest for now.
if we look at the cash flow, when non-cash item were removed it brings positive cash generated from the operations. TA hoarded huge amount of cash to report loses isn't it? Boss may want to collect more shares at lower price *scratch head*
Who knows? when time come, they may "hantam kau kau"......younger days, they "hantam" till RM2.30....I think they still "can" & should make this show again for "heart broken supporters". hehehe....
Miniminer, you are too optimistic, but i can tell you that almost impossible to happen. Why? I have been following TA and attended AGM for many years. I know TA well.
Yup...good dividend....even more positive that I predicted........now KLSE in goreng mode...goreng goreng, goreng TAE!!! Hamtam Kau Kau macam Datuk Botak la (IWCITY & Ekovest)!!! that Datuk Kung very ONG, hope this one too.......hehehe.....
Yeah, not likely as Tony will not buy above 66 sen. But others can push it up if they want to, but also not likely to happen. If quarterly results are good May 2019 can start to accumulate again.
Heng ah....ONG ah....SANG SANG ah...Only 3K more shares to reach RM 0.690...mana semua Taukea-Taukea Abang-Kakak-Adik-Adik...investors......mari mari.......hehehe......
6.5% of dividend in less than 2 months....cannot find elsewahere.....smart investors manager will come in to grab the solid 6.5% first then talk about others later......hehehe......
Dear all, Hopefully the Q1 financial report end 31th March 2019 (announced on May) will have some write back on the unrealized fair value losses reported in Q4 financial end 31th Dec 2018. Fair value gains and losses recognised in profit or loss - Unrealised: RM (229,549,000)
Thank you P/S: Did not expect Datuk Tiah to give dividend of 4.1 cents. A big thank to Datuk Tiah.
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....
Jarklp
175 posts
Posted by Jarklp > 2019-02-27 21:01 | Report Abuse
What are these unquoted securities?