icap since listed on 19/10/2005 has its price increased by 133% as at today's price of 2.35 for the last 7 years. This equals to a compounded annual growth rate (cagr) of 12.9%, as compared to 9.0% of KLCI of the same period. Its NAV grows much better at 16.9% which explains its discount of 20.3% of its share price. As you can see icap's share price increase outperforms the general market by 3.9% per year which is highly commendable already. Jeremy Siegel in his book "Stock for the long run" shows that the total long run return of US stocks from 1871 to 2001 of 13.4%. For the best 20-year period from 1982-2001, total stock return was 16.6%. Somebody's cagr of 24% in his stock trading in icap and Padini (after minus high trading transaction costs) way out-performed the market. This must be one out of tenths of thousands.
CAT, the 24437 lots sold within 30 seconds is not crazy. It spells bad Sign for the stock !
The Operator, usually the proxy to the owner is showing trouble rolling the block to the mkt like u. They r now stuck n lonely. U might see this Contango activity being done at every T3 to T4 day. Eventually if they ran out of line, u will witness an avalanche like what exactly happened to jcy.
Biz wise, Padini is edi facing its # 1 enemy, H&M the giant swedish fashion house, the likes of Ikea of home improvement. Next 1-2 Q will see its earnings impacted...
my guess is the 2 padini warrant issuer does not want the price to up too much, especially cimb which it call warrant padini-ca exercise price only at 1.9
Padini break below 2.00 which forming Descending Triangle. Prior to that was uptrend, so if able to rebound at 2.00, will be nice uptrend continuation. Unfortunately, its' down now. If close below 2.00 today, and below another 100MA support, of 1.97, then the uptrend consider ENDed. Next major support at 1.81 follow by 200MA support line. So now not the right time to buy, from my own TA intepretation. That's why I sold earlier above 2.00 that day. Downtrend is downtrend until bullish reversal happening, although this is worth to hold stock. Good luck.
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....
andyteng
457 posts
Posted by andyteng > 2012-10-11 09:04 | Report Abuse
hooi, still hold padini, sell >2.05?