Aiyo...sori lah...i meant you lah...si mi tai chi....drop kaw kaw......Venture Capitalist cabut si boh......heard he aimed new target liao....mpcorp.....aiyo.....if like that....can still buy bo?.....aiyoyo....ha ha ha
Aiyo, nobody know when up when down, long term investor not bother. I buy long time ago, collect good dividend and price now still a lot more than initial investment ma.. if short term, maybe weakness, you trade other counter also can ma
I remember costal went up from RM2.10 to RM2.90 and the dropped back to about RM1.80, dropped about 35% and today is about RM5.20. The funny part was, when the price drop, the earnings actually improve and no major adverse news.
Aiyo FB...like that need look into this ctr again liao lor......got wave sifu give guidance boh?....Ant also cabut liao....aiyoyo.....need to see when next entry liao.....hope stop dropping liao......ha ha ha
Protasco cannot be compared with coastal. Coastal sticks to its core business and do very well in it whereas Protasco is like a loose cannon, trying to get involved in several businesses, including O&G which is a highly speculative and riddled with corruption.
Aiyo FB....Indonesia OnG.... boh liao....no wonder drop lor....Directors sell shares....too many bad news come together.....need to wait whether he is clearing his shares.....if slowly slowly selling......like that kns liao......need time to recover....FA....still intact mah....PE also drop liao....good sign lor.....ha ha ha
aiyo ds, if directors are playing, you also have your own game ma. Just be sure to regularly (or monthly) reduce your holdings when price keep going up, and buy back batch by batch, when it drop back. Don't expect them not to play it up again haha, after dropping. Just that we don't know, but we still can be in the game.
@ykloh, I am just making an analogy that investment is part science, part art and part perception. So, it goes up and down, depends whether the market like oil & gas during certain period of time or like construction or property industry. Just like Maybulk, when dry bulk was in the bull market, they make super profit, when the industry was glut, charter rates dropped like a rock.
As for Protasco a loose cannon, Protasco is in construction and maintenance of roads, trading and manufacturing of building materials, engineering and consultancy as well as property development, it is all related business. Only odd one out, is the education biz and the oil & gas biz they are trying to buy (but cancelled). When you mentioned O&G biz is highly speculative and riddled with corruption, are you only referring to Protasco or Coastal included?
At today's price, the dividend yield is about 5.7% (10 sen per share). Protasco's new earnings from constructions and property biz is still intact, but may be less aggressive due to the current environment, but, given time, the profits will come in the next few years (while holding on to the dividend of 5.7%). It's property near Uniten in Kajang where the MRT2 station is situated will appreciate over time and good for its future launches. Should it goes lower, it would be great to accumulate to get the dividend yield while waiting for the earning growth.
The stock price has come down more than 20 % thus far. The fundamentals not much perturb. The recent news of termination of O&G contracts is only considered added feathers to its cap. The O&G could only guarantee for a mere of few years. The basic fundamentals are still intact despite premature early sell down. Hence the stock will prove its net worth going forward. Happy trading and buy at your risk.
a few brokers earlier reports polishing into its huge upside potential given its impressive earnings n dividends at the 1.90 - 2.10 range were used to enable directors, big shareholders n others in the know to SELL in SIZE, to the SMALL but MANY unaware/inexperienced small investors..
thus the continuing decline in its prices..u dont want to be in a car which is breaking down, worst still if it has no brakes..
so to ease the pains, its a good time to introduce ECONBHD, only in its 3rd round of its uptrend..
nicholas, dont care whether it drop or not, just do a cut loss will safe guard your hard earn money. if u scare, just cut it at 1.60, if u think it still good, then give him another chance at 1.50. if a counter keep disappointed you, you must cut it.
Prtasco so far nothing bad news. only the indon project get loss. + libya road contruct gone. but all malaysia project still onhand. i think will hold la.
Existing foundation remains intact and given the recent major sell down, i reckon that now is the good time to collect when everybody is selling. Question is, how low. Below 1.60 is my level.
price below equal to 1.65 or below is safer... 1) Private Placement can be done when the prices is equal or over 1.65... 2) Issue of 10 to 1 warrants with expiry of 5 yrs term at execution prices of 2.00... Those prices can be used as benchmark..
cfoong, there are no private placement and free warrant anymore. the pp is for source fund to purchase oil & gas company, but now already called off. so pp and free warrant not going to happen.
The PP is not to finance O&G purchase. According to the PP proposal, the proceeds will be utilised for property development and construction projects; working capital; and PP expenses.
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....
Firebird2
1,730 posts
Posted by Firebird2 > 2014-08-15 20:51 | Report Abuse
who is flybird? aiyo, 169 also nice number ma...