not many high-tech stock around in Bursa, mostly backyard industries,or building, trading ,or agri based companies. LCTT should shine and shaw its colors.
Eunsung, in so far since listing in july, there is no formal reporting via Bursa Malaysia of any substantial shareholdings sales or purchase, those institutions holding more than 6% shareholdings. To know better on the shareholding spread, will have to wait for their 2017 annual report, released in 2018. Right now I think the info on shareholding spread is only available at the IPO issuing house Mayban investment bank.
Gick, would be interesting to note if Pchem goes higher then we can see whether this PE sets the benchmark for the industry. So far the PE is about 14.3. But the problem is that Pchem has EPF and PNB to contend with as buyers and sellers nearly everyday. What more with 4 times LCT no of shares outstanding, moving up 21 sen is not the usual affair for Pchem. Likewise, we also do not have info on institutional holders of LCT becos recently listed. Unlike Pchem whose price has reached maturity for now, LCT has upward trajectory in open skies which must complement with its quarterly result. If the Gang- Nam guys were to do NP 350 mil, then we can see this fighter muscling his way through.
It does not look good from the photos, and what more it is an electronics co. I hope they recover fast and find means and ways to reassure shareholders that they are still an operating entity. My get- well- soon wishes to the owners and share-holders of Notion V-tec.
LCT QR maybe next week release if based on last QR period is 1 month after closing date. now is the best time to buy their call warrant, if u wanna earn more^^
If fire, I can understand that such black swan incidents, random occurrences, can have a huge impact on the operational capacity with lengthy recovery periods at very high cost. But pipes being severed can cause the share price to dip by 3%, that,s amazing. I wonder if one day the MD falls sick and is warded in hospital, another 10 sen goes down. Forklift and other material handling equipment breakdown will cause about 7sen loss. TNB power station failure at Pasir Gudang can potentially cut away another 10 sen. Engineers balik kampung to Korea will drag another 10 sen. Choose whatever circumstances you like and please peg a certain potential ringgit value reduction. This is my take on the issue: If this LCT is gonna be a company whose share price is being so sensitive to changes based on daily operational teething problems, and if its true that the 16 sen dip today is due to severed pipes potentially causing delays, then I wanna be the first one to sell to the last share that i have. TO me I am only wasting my time with a reputable giant yet so vulnerable to ridicule, and being supported by a market maker who cannot even defend his turf when the shares are raining down on him. We have 3000 over companies in bursa, each company having their own operational problems, but none as sensitive as LCT to price fluctuations based on variations of whatever factors in their operations. You see, I think it is not the severed pipes. But it is due to something which i noticed from the trading pattern today, and this gives me a fair bit of concern.
Gick, surely there is no announcement. If there is an announcement, then LCT can be downgraded to a kalefey co. Pipes also if they cannot settle, then might as well close shop la.
my 2 sens worth: 1) The company is not the culprit. To me they are operating normally to the best of their ability. 2) Investors, being speculators,players, or holders are only reacting to news, hype, rumours or fear based on trading patterns. That is quite usual, within norms of the market.
But the bloody market maker, I do not know whether he is in control of the trading or not. Yesterday, there appeared to be a certain party trying to short the prices. Whether it is the market maker trying to clear weak holders as quickly as possible or institutional holders who have given up on the prospects of the company, that remains to be seen today.
On the issue of the severed pipes, how the hell can company internal operational problems, be information or news for shareholders to sell? Who supplied them with the news?. Does this mean that every daily operational constrain is communicated to certain shareholders and the market maker? How the hell does the market maker know about this problem, unless he is located in the plant itself.
Like i said earlier, if shares of this co is traded in this manner, I don't wanna deal with this type of hype, or rumours or baseless news, and most of all a market maker who is susceptible to change from daily operational matters. There are 3000 over co in bursa, who can become better host than this market maker.
Come Friday, if prices do not improve or get worse, then i am checking out from this counter.
Gick, what i tak boleh tahan is that the market maker is still short selling. Normally the market maker is privy to some undisclosed info about the co performance. We cannot be sure when the Q report will be out, at the most just guess-timate, but if the market maker continues short selling, then he might have info on something amiss due to the performance. However I still believe that LCT will churn out encouraging numbers for the 3rd quarter. Still, the biggest problem is trying to determine the Q report date. If the Q report is at end Nov, then whatever price now is inconsequential, except that the price should not dip below 5 and stay there for long. The market maker has driven up a RGT1.40 gain previously within 2 weeks. I guess Gick you are right. Make or break, let us wait for them to show their report card. Aya, real pain in the ..... holding a good co with a messed up reputation!
Lotte Chemical (011170) shares have plummeted due to the Ulsan factory fires. It is analyzed that the fire occurred at Lotte Chemical Ulsan plant.
At 3:14 pm on the 24th, Lotte Chemical is trading at 387,500 won, down 2.89% (11,500 won) from the previous trading day.
A fire broke out at 1:46 pm at the Lotte Chemical Ulsan plant in Sangyeok-dong, Nam-gu, Ulsan city.
Four of 10 injured were reported to be seriously injured, while six were reported to have been hospitalized due to minor injuries. ===========================================
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....
AliCafe
81 posts
Posted by AliCafe > 2017-10-19 11:44 | Report Abuse
Entering today :)