Posted by lamken > 2012-04-28 10:14 | Report Abuse

"JCY is about 75 per cent controlled by YKY Investments Ltd, while the rest of the company is owned by the public. Among its minority shareholders are Commerce Technology Ventures Sdn Bhd, Goldman Sachs and Morgan Stanley."

http://www.btimes.com.my/articles/siwai/Article/

Posted by snyang > 2012-04-28 10:34 | Report Abuse

Lamken, glad to see that you are backﹰ to this family.

Posted by pureland > 2012-04-28 11:03 | Report Abuse

Hi lamken, if share price is artificially pressed down, it will affect the main shareholders if they intend to sell or their shares being pledged as collateral or there is placement of shares in most circumstances.

Posted by lamken > 2012-04-28 12:13 | Report Abuse

Now, is all the warrant really a threat to them (the majority holders) or is there an opportunity here for them? Think very carefully about this one.

Posted by illidonleong > 2012-04-28 12:26 | Report Abuse

Hi lamken, OSK is another key player.

so lamken, are u saying when osk dump the shares slowly, the other warrant issuers will buy? so the price will surge.

but what if they agree privately to dump and no-one buys the share?

please clarify, thanks.

Posted by alntm > 2012-04-28 13:09 | Report Abuse

lamken: the risk i see here is how yky will manage their 75% jcy mother shares and how much influence they have in jcy in issue of any more shares/rights. if they manage it well, they may get a bite out of ib's monies + share rise.

however, all these wont matter if jcy proves its competitive advantage and continues to give good business/dividends.

am looking at the latter. my 2 cents bro.

Posted by lamken > 2012-04-28 13:33 | Report Abuse

illdon: no thats not what Iam saying at all and OSK is not one of the shareholders Iam refering to. Let me put it anyway, we keep talking about what the cowboys (CW issuers) can and will do. But what about the person holding 75% of the company and the other shareholders like Goldman Sachs, Morgan Stanley etc? Do they have an interest to see the mother go up? Will they/ can they do anything to mitigate the risks? Do they have a choice or are they just going to sit around like sitting ducks waiting to be shot?

Let me give you an example:

Current share price 1.57.
The person holding 75% of JCY has 1.5 billion shares. Current worth of his holdings = 1.57 x 1.5 billion shares = RM 2.35 Billion.

Lets say hypotetihcally in the next 2 weeks (example only) the cowboys press the price down by 50%. The person holding 75% of JCY has just lost in excess of RM 1.15 billion!

If you were him, would you do anything? Does he even have a choice?

Posted by Fat Cat Tim Buddy > 2012-04-28 13:52 | Report Abuse

do he have a choice?

its yky a person or a company?

the stock market is a filthy fishy place, who know if the 75% big man borrow the share to osk or whatever ( of course, with some hefty fees ) since ''i guess '' he never want to sell the 75% at all, he just happy that all those '' market ( money ) maker '' make this stock hot and popular.

the company is making a lot of money, they dont need to issue new shares to collect capital.

who know if all those bank press the stock very hard, and then the big man suddenly announce '' take over offer '' at a very low price? just like the fuking segi...

Posted by illidonleong > 2012-04-28 14:06 | Report Abuse

hi lamken, if i were him, I would do a share buy-back.

but how come he didnt do it during the first time, when osk pushed down the price before their warrant expire?

Posted by charlie chia > 2012-04-28 15:20 | Report Abuse

Who knows they had been collecting around 40 plus cents at that time and start selling around 1.10-1.30

Posted by lamken > 2012-04-28 15:29 | Report Abuse

illdon: He cannot buy back because bursa rules do not allow him to hold more then 75%. BUT other big players can buy on his behalf. The cowboys can do deals with each other to
exploit the most money from the warrant but he can also do deals with other parties to protect himself and the company. Whatever the banks do he can do. Now you are going to
ask me the cowboys are 4 big banks, how can he go against them, the cowboys together surely have more cash/power? Doesnt matter if the cowboys are made up of 4 or 40 banks, there is
still only 500m mother share in the open market. The most important thing is who is going to control the majorioty of that 500m mother share in the market.

How come he didnt do it first time when OSK pressed price down in Feb? - You will have toread my previous comments. Bottom line is he was supposed to but the deal fell through at
the last hour. Some people still think this is a convenient fairy tale on my part, butIam not going to try and prove anything to anyone here, and in fact there is 1 person on this
forum who should know whether what I said was true. he knows who he is.

Posted by pureland > 2012-04-28 16:51 | Report Abuse

that gd looking guy has been silent for some time....

but lamken, although he cant buy back, the company itself can do it since it was approved in last AGM. Furthermore, he hold 75% and he can easily privatise the company with the current low price since company is making so much money. why meddle with the cowboys and sharks?

Posted by lamken > 2012-04-28 17:31 | Report Abuse

pure: why doesnt he just use company to buy back all the 500m share in market? see:

http://announcements.bursamalaysia.com/EDMS/edmswebh.nsf/LsvAllByID/F74188D8D73F6E41482579AF005DF037?OpenDocument

"The Proposed Share Buy-back will allow the Company to purchase its own shares of up to 10% of the issued and paid-up ordinary share capital of the Company in accordance with Section 67A of the Companies Act 1965."

The company can only purchase 10% of the 500m issued shares in the open market.

He definately can privatise at current low price, but the question is why wont he? Now go back to my question earlier, is there an opportunity with all the warrants?

Posted by Jjtrader > 2012-04-28 18:30 | Report Abuse

So now the question is how to reduce the free float of JCY' s share in the market in order to fight back the cowboy.
The options might be as follow :
1. Buying shares from the open market and keep it and never sell.

2. Use company to buy back own shares from the open market and keep it as treasury shares. (The limitation is can only up to 10 % only or equal 50 millions shares)

3. Declare higher dividend on coming quarter so that the major share holders get more money to buy more shares by using other party' s name and also force the longer term investors to hold their position longer.

4. Do a share consolidation eg 4 to 1 to further reduce the free float number of shares in the open market and also to chase away retailers (Because they can easily manipulated oop.. I am sorry to say that ) buy increase the shares price.

Above is just my opinion only. correct me if I wrong.

Posted by illidonleong > 2012-04-28 19:00 | Report Abuse

the warrants are currently overpriced. warrants need to drop while mother shares increase.

but in the long term, warrants would definately increase.

Posted by alntm > 2012-04-28 19:11 | Report Abuse

hmm wat if yky also bought a lot of warrants + not 'rent' shares to sharks + do nothing with his 75%? if no press down price, he profits share $ up (as minimal press-down) + warrants $ up + keep his shares.

rest 25% being cheong by retailers, sharks etc .. price up?

anyway, would prefer to see how jcy management runs the company. no results no-one want to cheong haha..

excuse my indulgent what-ifs. its a forum after all.

Posted by Jjtrader > 2012-04-28 19:57 | Report Abuse

whether the price will surge or not actually is very much depend on the company' s performance in the third quarter (Since everybody already knew that 2 nd quarter sure will be good ). If JCY's earning is good in Q3, then everybody wil start chasing or else everybody will start dumping just that simple. If the Q3 result not up to expectations then the share price no need to be pressed down by investment banker it will naturally go south.

Posted by pureland > 2012-04-29 09:50 | Report Abuse

The warrants present an opportunity or threat to the major shareholders? - If one of the two appetizers is the announcement of LTA sealed with Seagate for multiple years, there won’t be any more ambiguity on profit sustainability, be it for Q3 and onwards. Investors, especially institutional ones may flock to buy. The situation is “exacerbated” when the cowboys start to realize that they need to hedge enough now with the mother shares instead of later (after issuing more and more CWs lately).

Lamken, as outsiders, we could only continue to deduce and guess based on information available in the public domain. There are too many what-ifs in predicting the moves of these movers and shakers if without privilege in knowing what transpire.

For example, no one would know it was OSK that pressed down the price after Q1 results if not revealed here. We could only assess market demands, impact of flood and other business information of the company by asking around industry players, professionals or friends / relatives happen to work there. This is always the disadvantage that most retail investors face. That’s why we sincerely cherish your sharing here, not only for financial gains but valuable lessons. Sorry, already side track from your initial topic.

Posted by Jjtrader > 2012-04-30 10:08 | Report Abuse

Jcy might retrace today, buyers stop buying and sellers start to steps in. Be careful guys !!!!

Posted by Handsome > 2012-05-02 07:42 | Report Abuse

get ready for a good day today!!!

Posted by ymj1016 > 2012-05-02 08:45 | Report Abuse

Handsome, welcome back! Let's get the ball rolling!

Posted by Jjtrader > 2012-05-02 09:57 | Report Abuse

Can JCY break strong resistance at RM1.60 today ? If it can break it today then it should go north and towards next target at RM 1.76. Go go go JCY !!!!

Posted by Jjtrader > 2012-05-02 10:17 | Report Abuse

Yes ! Strong resistance broken, JCY should be able to move towards next target at
RM 1.76 .

Posted by NKN1 > 2012-05-02 10:36 | Report Abuse

It seems the CW issuers keep blocking at 1.60...for obvious reasons

Posted by NKN1 > 2012-05-02 10:39 | Report Abuse

I wonder how long JCY majority shareholders will tolerate the CW issuers acitivities to press the share price down

Posted by NKN1 > 2012-05-02 10:48 | Report Abuse

I just hope the major shareholder of JCY is aware of the Porsche-VW short squeeze in 2008. They should adopt the same strategy. Just get Goldman Sach to participate.

Posted by illidonleong > 2012-05-02 10:57 | Report Abuse

are u guys still playing with warrants? it is already overpriced by about 50%.

Posted by Jjtrader > 2012-05-02 11:04 | Report Abuse

Fail to stand above RM1.60 again, JCY ' s share price is obviously being pressed down again. sellers is blocking at RM 1.60.

Posted by ymj1016 > 2012-05-02 11:27 | Report Abuse

Dun worry guys, the momentum slowly build up already...just wait for the good show today!

Posted by ahyeo > 2012-05-02 11:49 | Report Abuse

Why is this site still showing target price of $1.22 ? Who updates this ?

Posted by stocker > 2012-05-02 11:57 | Report Abuse

Rally commences....

Posted by Primepeng Peng > 2012-05-02 14:26 | Report Abuse

since much of the new income is attributed to the demand from Seagate and WD, shouldn't the firm value worth more than its Issue Price 2.00.

Posted by usry > 2012-05-02 15:57 | Report Abuse

that we need to ask our sifu's oppinion-Mr Lamken.. He knows well the target price.

Posted by Mohd Shuk > 2012-05-02 15:58 | Report Abuse

Resistance at 1.65! But stochastics so high aldy! So need to wait!

Posted by usry > 2012-05-02 16:04 | Report Abuse

pelan-pelan kayuh....hehehe..

Posted by Mohd Shuk > 2012-05-02 16:13 | Report Abuse

Tunggu la resistance break slmt lompat. if tak cari nahas je. hihi

Posted by Primepeng Peng > 2012-05-02 16:22 | Report Abuse

ya 1.65 is the resistance based on weekly increment. STO hasn't reach below the lower boundary. I will top in more at that point. now just watch...probably play a little

Posted by Jjtrader > 2012-05-03 09:04 | Report Abuse

Will JCY take down strong resistance at RM 1.65 today ???

Posted by usry > 2012-05-03 10:32 | Report Abuse

market performance no good today..as long as it not slide below RM1.60 above it okey for me..

Posted by NKN1 > 2012-05-03 10:50 | Report Abuse

anyone knows when JCY will release their 2nd quarter report?

Posted by Jjtrader > 2012-05-03 10:54 | Report Abuse

Should be around 18 May 2012.

Posted by Jjtrader > 2012-05-03 11:21 | Report Abuse

when only the appetizers will be served ??? How long more have to wait ?? what is the appetizers about ??? So many ??? And ????.

Posted by NKN1 > 2012-05-03 11:46 | Report Abuse

they keep pressing it down....letih la

Posted by azta12 > 2012-05-03 12:43 | Report Abuse

estimated profit is 190m - 200mil.up 25% from previous qtr.

Posted by pjforsuccess > 2012-05-03 14:54 | Report Abuse

will jcy drop after the news ?

Posted by NKN1 > 2012-05-03 14:56 | Report Abuse

when mum goes up anak never will rise as much, when mum goes down anak will go down b the same amount.....generally speaking for call warrants, anyone noticed the same?

Posted by Fat Cat Tim Buddy > 2012-05-03 15:03 | Report Abuse

because all the warrant already at premium price, thats why.

Posted by NKN1 > 2012-05-03 15:09 | Report Abuse

that is the nature of the beast but atleast the so called "market makers" should ensure it goes up and down on the same quantum relative to mum after taking into account the premium involved IMHO

Posted by NKN1 > 2012-05-03 15:13 | Report Abuse

for the sake of killing ime at the office...i'm bored now hahaha...for JCY-CG, the issuer increased the number of issued call warrants by 100% a few trading days after it first was listed under the pretext of " for market making"..what a con haha

Posted by Jjtrader > 2012-05-04 10:15 | Report Abuse

what happen to JCY today ? super low volume and so tight range + quiet ????