Hi SuperPanda, nice to meet a new friend! Yes, steel outlook is good. Lionind will recover sooner or later, ssteel has already recovered, those who sold are actually in pain.. news are news, fundamentals are fundamentals, price is price..
For what i think Mycron should not go right issue, which really affecting invester interest.
As we all know Melewar is big shareholder, why Mycron & Melewar do right issue at the same time, get people to suspect?
Mycron right issue were the money will finally to go for Melewar business?
Mycron has 60 mil cash, somemore their quarter profit & sufficient inventory nearly 200 mil in June 17 is sufficient for their working capital.
Very hard to persuade me that the need of right issue, unless they already has the confirmed BIG ORDER which really need more cash to keep higher inventory.
Cold rolled business is affecting by High price of their raw material Hot rolled steel. Becareful, next quarter may not deliver good profit.
Unless their better profit margin of Pipe businees is increasing, which is hard to predict........
That is why i convert my Mycron to Masteel & Annjoo at End of August even i have 13% lost.
''dianaktirikan'...u all faham maksud tu kan...making money still mau RI...any reason fron the management for what purpose...maybe i missed that out...
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....
Olga
773 posts
Posted by Olga > 2017-08-29 19:38 | Report Abuse
Yay.. happy