Posted by KC Loh > 2012-07-23 19:35 | Report Abuse

please refer here: http://klse.i3investor.com/servlets/forum/900000568.jsp

the correction, to me is expected. The bourse has been charging for more than 3 weeks now. Prices went up and up. This correction, as also rightly predicted by Ooi in the same thread, is actually anticipated by many analysts. its a healthy one, but i guess many punters will disagree.

Posted by KC Loh > 2012-07-23 19:38 | Report Abuse

Just to add, Fair value for me is the start of my exit point. I still may hold, but usually any point above FV is indicating to me that overvaluation has begun. Caution advised.

Posted by jacklew > 2012-07-24 15:27 | Report Abuse

the share price stagnant is it something related to the warrant??

Posted by Stephen Baster > 2012-07-24 15:51 | Report Abuse

thanks KC for the explanation. i assume correction for glomac wouldn't be to far off from current price range since they've never really been involved during the bull run session. @jacklew, from what we've understand, the stagnant price might be caused by the share buyback practice by glomac itself until they've reached their target buyback ratio. cheers.

Posted by jacklew > 2012-07-24 15:53 | Report Abuse

hi Stephen, thank you for your info.

Posted by stella teo > 2012-07-26 08:44 | Report Abuse

totally agree with you seehous. if you plan to contra with glomac, better forget about it. long term holding on to glomac, probably they'll announce another 0.35 dividend when the report are out :)

Posted by stella teo > 2012-07-26 17:12 | Report Abuse

another round of buyback for glomac today i assumed :)

Posted by stella teo > 2012-07-26 17:44 | Report Abuse

yes it is. buyback now at 1.24%

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1021421

Posted by stella teo > 2012-07-27 11:51 | Report Abuse

wonder who's buying 100 unit 100 unit and 100 unit at 0.84. he gonna incurred quite a lot brokerage fees by doing that. hmmmm

Posted by stella teo > 2012-07-27 11:55 | Report Abuse

omg i think it's the same person. for god sake please stop if you're one the forumers here. check your brokerage fee man!

Posted by Stock Operator > 2012-07-27 12:01 | Report Abuse

maybe he just want to bump up the activity? or he's just bored!

Posted by stella teo > 2012-07-27 12:06 | Report Abuse

probably bored. lol. but that's a lot of brokerage fees involved there.

Posted by chongyong11 > 2012-07-27 12:07 | Report Abuse

cbuffett, I think you change to mother share is better, becouse this is very stable counter and will issue divident soon ( normaly on oct )

Posted by stella teo > 2012-07-27 12:09 | Report Abuse

i think he single handedly pull the price up to 0.845. mad. lol

Posted by stella teo > 2012-07-27 12:27 | Report Abuse

mad. real mad. but thanks for maintaining the price from going down :) or maybe he knows something we don't? hmmmm :P

Posted by stella teo > 2012-07-27 13:12 | Report Abuse

something interesting is happening here.

Posted by thng69 > 2012-07-27 14:10 | Report Abuse

when new dividend ?

Posted by cbuffett > 2012-07-27 17:40 | Report Abuse

I thing on nov, after AGM on sept approval.

Posted by ahpooh10 > 2012-07-27 18:06 | Report Abuse

last yr on Sept paid on Oct...

Posted by stella teo > 2012-07-31 11:07 | Report Abuse

very slow counter. but suddenly there's surege of demand volume. wonder why. still buying back or what.

Posted by Yu Cheng > 2012-08-01 13:04 | Report Abuse

is it a good sign for us they buyback the shares?

Posted by BrendanHong > 2012-08-06 15:37 | Report Abuse

the point is, if the company think their share undervalue and investor thinnk this company is good, who is the one sell the share everyday for them to share buy back?

Posted by KC Loh > 2012-08-06 15:49 | Report Abuse

i suppose the majority themselves sells to the market to create some liquidity and attention to the price movements!

Posted by rapidfire > 2012-09-05 15:04 | Report Abuse

Wah this one is a slow one but will rise to ocassion soonleh

Posted by davors > 2012-09-11 22:36 | Report Abuse

dividend soon?

Posted by PaulinaYong > 2012-09-12 00:43 | Report Abuse

GLOMAC - Notice of Shares Buy Back by a Company pursuant to Form 28A
Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name GLOMAC BERHAD
Stock Name GLOMAC
Date Announced 10 Sept 2012
Category Notice of Shares Buy Back by a Company Pursuant to Form 28A
Reference No GG-120910-ABFAB

Date of buy back from 27/08/2012
Date of buy back to 06/09/2012
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 794,500
Minimum price paid for each share purchased ($$) 0.805
Maximum price paid for each share purchased ($$) 0.835
Total amount paid for shares purchased ($$) 654,538.16
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units) 794,500
Total number of shares retained in treasury (units) 10,248,800
Number of shares purchased which were cancelled (units) 0
Total issued capital as diminished 0
Date lodged with registrar of companies 10/09/2012
Lodged by Nor Azam Salleh

Posted by PaulinaYong > 2012-09-12 00:43 | Report Abuse

GLOMAC - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name GLOMAC BERHAD
Stock Name GLOMAC
Date Announced 10 Sept 2012
Category Notice of Shares Buy Back - Immediate Announcement
Reference No GG-120910-ABA4B

Date of buy back 10/09/2012
Description of shares purchased Ordinary Shares of RM0.50 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 10,400
Minimum price paid for each share purchased ($$) 0.800
Maximum price paid for each share purchased ($$) 0.810
Total consideration paid ($$) 8,423.28
Number of shares purchased retained in treasury (units) 10,400
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units) 10,369,200
Adjusted issued capital after cancellation
(no. of shares) (units)
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%) 1.51

Posted by PaulinaYong > 2012-09-12 00:46 | Report Abuse

Dividend payout is around the corner..
Shares buyback at RM0.80 but it's RM0.80 being violated..
What is your opinion??
BUY or NOT TO BUY??
I left it to you to CHOOSE..

Posted by Gabriel Khoo > 2012-09-12 19:41 | Report Abuse

announcement will be on friday right

Posted by cbuffett > 2012-09-12 21:46 | Report Abuse

Agm

Posted by cbuffett > 2012-09-12 21:46 | Report Abuse

AGM meeting by this end month?

Posted by ccs999 > 2012-09-16 09:16 | Report Abuse

Hi Paulina, thanks for your comments. So do you holding Glomac? (If you dont mind to share).. And my broker told me that one of the reason they buy back is becoz of privatization? What you said? Thanks.

Posted by davors > 2012-09-16 19:26 | Report Abuse

privatization? nay... buy back volume so low... ^_^

glomac go go go!

Posted by tcleng > 2012-09-16 19:45 | Report Abuse

YES, GLOMAC is a good counter. I keep so long to see how it flies high

Posted by legend623 > 2012-09-16 21:00 | Report Abuse

Agreed, hold and you will see the result with the conditions, not affected by the coming soon GE!

Still wandering should jump in now!

Good luck guys

Posted by davors > 2012-09-16 23:51 | Report Abuse

i just wonder will there be dividend on this counter for this year... -___-

Posted by jester > 2012-09-17 10:56 | Report Abuse

Legend626, are u sure it is not affected by the upcoming GE? hehe..

Davors, why do u ask that? It should be okay in terms of devidend..

Posted by legend623 > 2012-09-17 11:36 | Report Abuse

Jester, I dun think that is a possible that GE won't bring impact on the shares. (tat's sstill considering of jumping in or not)

As for dividend, i will think is a YES and should near the corner!

Posted by jester > 2012-09-17 12:28 | Report Abuse

yes2.. however, it will go lowerr just one bit when the market went bearish due to the GE.. However, this co. is quite generous with its dividend..

Posted by tommylou > 2012-09-19 14:53 | Report Abuse

2.75 cents last dividend.....good meh?

Posted by BrendanHong > 2012-09-20 11:34 | Report Abuse

2.75x2times this year out of average price 0.82..div yield around 6%..better than many reits counter..

Posted by tcleng > 2012-09-20 12:46 | Report Abuse

I SUPPORT GLOMAC ALL THE TIME. IT IS REALLY A GOOD COUNTER.

Posted by necro > 2012-09-20 21:54 | Report Abuse

hahahha!!
I will HIT at 0.72!!!come bebeh!!

Posted by jacklew > 2012-09-21 11:33 | Report Abuse

looks like those holding the warrant are exercising the warrant and then selling the glomac share....it has bringing down the share price thought glomac keep buying back the share to prevent further price drop. Good time to buy now and hold until the warrant expires in Oct, then the share price will be ard RM1.....my personal opinion !

Posted by necro > 2012-09-22 00:01 | Report Abuse

DONT yet Jacklew..

Posted by jacklew > 2012-09-22 00:30 | Report Abuse

will drop further?? 0.7???

Posted by necro > 2012-09-22 00:32 | Report Abuse

CAN maa!!
0.72 i think can in near term!!

Posted by jacklew > 2012-09-22 00:38 | Report Abuse

still awake?? alright, keep more bullet then :-)

Posted by necro > 2012-09-22 00:54 | Report Abuse

yalo play DOTA!!

Posted by jacklew > 2012-09-22 01:14 | Report Abuse

DOTA??