don't be pondan SOWQ !.....you will BANGGG your head to coconut tree after you sold !... before golengg huarttly , always happen like this ...to trick you sowq
kihhh kihhhh kihhhh ...PITY -some edi THROWWWWWWWWWW their shares in PANIC >> WET UNDERWEAR @ PANTIES >> . even some OLDBIE SHIVERINGGG just now ! ( NOW they are in MAD & BANGINGGG their HEAD to COCONUT TREE 10 X ) !!
' The ART of GOLENGG' >> surely can't straight up . MUST chase the weak holders @ PONDAN by PRESSING DOWN the PRICE > then REWARD ( Angpows even JACKPOT ) to the BRAVE @ KOOL traders...$$$$$$$$
@Koon Bee, your news is 100% right. But you do not know another news: the boss already sold his shares in the company. He has enough money to pay already. Now is doing the process of transferring the shares.
They are in the process of selling the shares. But this is good for the company. Because all of them only has about 20% of the company shares and they have no idea to boost the profit of the company. So with the company run into red and no way to stop it. It is better sell to someone who can make it good. Please note the company still has RM29m cash in the bank. Not a big amount, but not small either. If the new shareholder is able to make good use of it. This company has a good chance to bring good returns to the shareholders.
However, the new shareholder needs to lock up more shares. Its issued shares is 1.5b shares! if the new shareholder also hold 20% shares, and the free float shares are 80% or 1.2b shares, then this counter is hopeless lah. It will only increase 0.5 sen or 1 sen a day, then it comes down again. Only within 1 sen range.
Plastic biz is a sunset biz, mainly due to high labor cost in Malaysia. To say the oil price drop, so do the raw material price for plastic industry, thus the plastic manufacturers can have a better earnings is a nonsense. The raw material for the plastic do drop, but all plastic manufacturers in the world stand on a level platform. Malaysian manufacturers who are facing a much higher labor cost compare with those in the less developed countries, are losing out to those manufacturers.
In fact the company should try to dispose of this traditional business and venture into new business, especially the casino and lottery business which they plan to venture into.
plastic biz is OK , see Daibochi , tguan, bpplas all doing well ....so with cheap OIL means cheaper input for plastic (no doubt) + weaker RM ( good to export market ) then combine with lottery & Resort gaming >> Best combination actually >> WOWWWW...great future & got potential to Luster !
Price of Luster didin't up much is GOOD too.... if PRICE GO UP MUCH then very costly to punt this luster !...
##By the way , a FANTASTIC WRITE UP by T A Securities.which give a fair value (FV) of 12 sen...
meaning now LUSTER IS a TOO UNDER VALUE since LUSTER USED to be A GOLENGG COUNTER & MARKET DARLING ( TOP 10 VOLUME ) >> ( GOT Many time UMA too )....
@@@ what's T A says
Under Bursa Malaysia’s CBRS program, we are initiating coverage on Luster Industries Berhad (Luster) with a Buy recommendation.
In our opinion, investing in Luster is as good as buying a lottery, which could provide enormous returns with minimum investment outlays.
it's good the price is still there >> meaning low cost to punt luster .....if go up , very costly to punt. Hope luster to be as of now >> cheap to buy - GOOOD
lose money , but some time luster make money too...it's normal..making money losing money making money...up dowm up down.....what is more important is the future ,,,,,WITH GAMING - LOTTERY & PLASTIC BIZ >> GOOD COMBO for LUSTER !!
it's a blessing for luster to be around 8 sen - cheap to PUNT ! worried if luster go up to 12 sen then another 50 % cost to PUNT LUSTER !...
It has to be up and down to attract players to go for it. If just stay at 8 to 9 send for too long, no one will come in to buy. No problem for it to go up 12 sen, then come down to 8 sen again.
read the sentence >> Luster around 8 sen > meaning 8 - 9 sen way undervalue from that 12 sen Fair Value (FV) recommended by T A,,,,opportunities now , BABY !
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....
sowQ
331 posts
Posted by sowQ > 2015-12-09 16:16 | Report Abuse
vol a bit high from normal but its going down..hahaha kena tipu la semua orang