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alivecmh
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« on: December 30, 2009, 12:51:56 PM » |
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Scomi dropped to very attractive price now. Can buy and wait for rebound  i see the share price range bound, it is going up soon. dont miss it |
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« Last Edit: December 30, 2009, 11:42:33 PM by alivecmh »
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« on: December 30, 2009, 12:51:56 PM » |
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kesavan89
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« Reply #1 on: December 30, 2009, 01:00:09 PM » |
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How about Scomi Marine ?
It also drop..
can rebound ?
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alivecmh
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« Reply #2 on: December 30, 2009, 01:05:12 PM » |
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not sure about scomi Marine. scomi biz still very strong, many projects on hand
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vunkhaiyan
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« Reply #3 on: December 30, 2009, 01:09:35 PM » |
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scomi-wa scomi-la will follow......how about HATRICK.....
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chorizo
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« Reply #4 on: December 30, 2009, 01:17:30 PM » |
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Ya! Buy! Buy!! Buy!!! $$$$$$$$ Very cheap tickets to Holland!  |
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newnew
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« Reply #5 on: December 30, 2009, 04:58:14 PM » |
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tkl
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« Reply #6 on: December 30, 2009, 04:59:59 PM » |
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Ya! Buy! Buy!! Buy!!! $$$$$$$$ Very cheap tickets to Holland! i am in....... |
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werewolves
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« Reply #7 on: December 30, 2009, 06:27:47 PM » |
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Scomi is sure to fly sky high .. the day Badawi comes back as PM |
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Sentra
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« Reply #8 on: December 30, 2009, 08:52:27 PM » |
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i am in.......
im top up 2day on Scomi..... Scomi Scomi-LA Scomi-WA hopefully hatrick!!! |
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1) Share market is not interesting without compounding return.
2) When you lost 50%, you need 100% to come back.
3) Buy or sell only if a company fundamental has changed or going to change.
4) Use dollar cost averaging for bluechips company only.
5) Never neglect technical analysis.
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chorizo
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« Reply #9 on: December 30, 2009, 09:01:44 PM » |
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MARC places Scomi's KMCOB Capital debt rating on MARCWatch developing KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has placed its AA-ID rating on SCOMI GROUP BHD []'s special purpose vehicle KMCOB Capital Bhd’s (KMCOB Capital) RM630 million Murabahah medium term notes (MTN) facility on MARCWatch Developing. MARC said on Wednesday, Dec 30 the MARCWatch action was based on plans by KMCOB to refinance the outstanding MTN under the rated facility to extend the maturity profile of its debt. The proposed refinancing exercise is expected to help KMCOB Capital to restore its cash flow coverage measures which have weakened significantly in the nine months to Sept 30, 2009 primarily due to challenging operating conditions throughout the global drilling waste management industry.MARC expects a new facility to be negotiated with current noteholders to reflect the potential for continued weaker-than-expected business conditions and to improve KMCOB Capital’s debt maturity profile. KMCOB Capital was set up to issue the said facility to consolidate borrowings under Scomi Group Bhd’s oilfield services division. The facility includes a corporate guarantee by Scomi Oiltools Bermuda Limited (Scomi Oiltools), which is 100% owned by Scomi Oilfield Ltd, which in turn is 76.1%-owned by Scomi Group Bhd. Scomi Oiltools is the third-largest global player with a 12%-market share in the global drilling waste management industry and maintains a meaningful presence in the global drilling fluids solutions market. The company’s operations are in 29 countries and cater to a well diversified client base of international oil majors. After achieving compounded annual growth of 25.4% in revenues between FY2005 and FY2008, the decline in global drilling activities resulted in an 18% contraction revenue for the first nine months of FY2009 on an annualised basis. The slow pace of order book replenishment has resulted in a decline in the outstanding order book to USD399 million in September 2009 from USD432 million in December 2008.The current order book position provides little earnings visibility beyond end-2010. The integrated oilfield services business under Scomi Oiltools is a core operation of Scomi Group Bhd accounting for 68% of revenue and 57% of pre-tax profits in 3QFY2009. The decline in drilling activities in the Western hemisphere, particularly in US, UK and Norway, has resulted in escalated competition between the global players. This was not anticipated at the time Scomi Oiltools’ debt-funded expansion was implemented. Scomi Oiltools’ financial performance has fallen considerably short of the forecast annual average growth of 26% for the three-year period from FY2008 through FY2010.The resulting significantly lower-than-projected earnings and cashflow will affect the company’s ability to maintain its covenanted debt service coverage ratio based on the facility’s original debt reduction schedule which commences in December 2010.Based on unaudited management accounts, SOL’s debt-to-equity ratio as at September 30, 2009 stood at 1.45 times, including RM630 million MTN outstanding under the facility. The MARCWatch Developing placement reflects the risk that the refinancing may not close and that cashflow at Scomi Oilfield will not be sufficient to comply with current financial covenants. MARC will monitor the progress of the refinancing and resolve the MARCWatch or provide updates as greater clarity emerges on KMCOB Capital’s refinancing exercise. http://www.theedgemalaysia.com/business-news/156563-marc-places-scomis-kmcob-capital-debt-rating-on-marcwatch-developing.html ---------- Sterling Counter!!! Buy! Buy!! Buy!!! $$$$$$$$$$$$$
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alivecmh
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« Reply #10 on: December 30, 2009, 09:10:40 PM » |
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positive news for scomi, the catalyst for tomorrow rocket shooting
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chorizo
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« Reply #11 on: December 30, 2009, 09:16:23 PM » |
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MARC affirms Scomi Group's RM500m debt notes
KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed its AA- rating on SCOMI GROUP BHD []’s (Scomi) RM500 million medium term notes programme (MTN) and has revised the outlook on the rating to stable from negative.
The rating affirmation takes into account Scomi’s reduced dependence on its oilfield services division with higher earnings contributions from its engineering and marine business divisions and the additional capital raised through its recently completed rights issue, which provides greater visibility for near-term repayments on the rated programme.
However, the rating and its outlook remain under pressure from the weak performance of Scomi’s oilfield services division stemming from the sharp reduction in drilling activity in the Western hemisphere.
Scomi’s oilfield services division under 76.1%-owned Scomi Oilfield Ltd accounts for 68% of the group’s revenue, and is involved in providing integrated drilling fluids (DF) and drilling waste management (DWM) services, machine shop and oilfield product distribution services.
The group is the third-largest player in the global DWM industry, with operations located in 29 countries and a well diversified client base of international oil majors.
Its revenue which was compounding at an average annual rate of 25.4% for the last four year period up to the financial year ended December 31, 2008 (FY2008), contracted 18% on an annualised basis in 3QFY2009, mainly on account of a decline in drilling activity in the Western hemisphere, particularly in US, UK and Norway.
This has intensified the competition between DF players and other DWM players in Scomi’s key markets of Asia, Middle East and Africa. Recent cost reduction initiatives, which were undertaken with a view to reduce Scomi Oilfield’s cost structure to a level that is consistent with the decline in demand throughout its markets, has prevented a sharp fall in the results of its oilfield services.
The oilfield services segment reported an operating profit before interest and tax of RM91.9 million for the nine months ended September 30, 2009 compared to RM95.4 million for the previous corresponding period.
Nonetheless, Scomi Oilfield’s performance has fallen considerably short of its earlier projected growth trajectory, which MARC believes was the basis of earlier substantial investments in capital expenditure. Nearer term prospects of recovery for the oilfield services division, meanwhile, appear limited with the slower-than-expected pick-up in US and North Sea drilling activities.
The increased revenue and earnings contribution from Scomi’s energy and logistics engineering division has compensated, to some extent, for the weaker-than-expected performance of the oilfield services division.
Scomi’s 69.8%-owned subsidiary, SCOMI ENGINEERING BHD [] is in a consortium with Larsen and Toubro Ltd to construct a 19.2 km monorail track in Mumbai, India.
Contribution from Scomi’s rail division has increased following the commencement of the Mumbai monorail project. Scomi Rail Berhad is also involved with the expansion of the Kelana Jaya PUTRA Line and is actively bidding for projects in other developing countries.
Meanwhile, 42.8%-owned SCOMI MARINE BHD [] is also providing steady contributions from its coal transportation and offshore support vessel operations. The reduced dependence on the oilfield services segment has helped to moderate the pressure on consolidated earnings stemming from challenging operating conditions in the global DWM industry.
In 3QFY2009, the group’s consolidated revenue of RM1,487.9 million (FY2008: RM2,106.1 million) fell by 5.8% on an annualised basis as contributions from the oilfield services division declined by 12.2%. However, Scomi managed to maintain its operating profit margin at 8.67% (FY2008: 8.89%) through its timely cost-cutting measures.
Nevertheless, earnings are not expected to increase significantly in the intermediate term due to prevailing weakness in global drilling activities. In 3QFY2009, Scomi recorded a CFO of RM31.0 million (FY2008: RM52.2 million) which continues to be pressured by increases in working capital requirements.
The debt-to-equity ratio, which stood at 1.16 times as at September 30, 2009 (December 2008: 1.17 times), will be reduced to 0.94 times (calculated on a pro-forma basis) from completion of the rights issue, and augurs well for Scomi’s credit profile.
The stable outlook reflects MARC’s opinion that Scomi possesses adequate financial flexibility as the parent company of listed subsidiaries, Scomi Engineering Bhd and Scomi Marine Bhd, to meet the remaining debt commitments under the rated facility.
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alivecmh
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« Reply #12 on: December 31, 2009, 08:42:19 AM » |
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getting ready
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csong
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« Reply #13 on: December 31, 2009, 09:11:57 AM » |
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DR KIM
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« Reply #14 on: December 31, 2009, 09:13:33 AM » |
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alivecmh
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« Reply #15 on: December 31, 2009, 09:13:41 AM » |
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scomi show time now !! watch out
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Mohseen
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« Reply #17 on: December 31, 2009, 09:42:30 AM » |
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bourse
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« Reply #18 on: January 01, 2010, 12:16:17 PM » |
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re-enter scomi @0.44 yesterday
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You can't control the market, but you can control the decisions you make about the money that you have.
axreit / genm / insas / kfc / maybank / padini / pohkong / ptaras / rview
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alivecmh
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« Reply #19 on: January 02, 2010, 11:53:05 AM » |
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http://biz.thestar.com.my/news/story.asp?file=/2010/1/2/business/5398248&sec=business
monday going to fly
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Sentra
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« Reply #20 on: January 02, 2010, 03:57:47 PM » |
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http://biz.thestar.com.my/news/story.asp?file=/2010/1/2/business/5398248&sec=business
monday going to fly
I hope will be...and couple with first trading day shall be bullish to have a good start of the year....haha |
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1) Share market is not interesting without compounding return.
2) When you lost 50%, you need 100% to come back.
3) Buy or sell only if a company fundamental has changed or going to change.
4) Use dollar cost averaging for bluechips company only.
5) Never neglect technical analysis.
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bourse
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« Reply #21 on: January 03, 2010, 11:55:34 AM » |
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You can't control the market, but you can control the decisions you make about the money that you have.
axreit / genm / insas / kfc / maybank / padini / pohkong / ptaras / rview
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vunkhaiyan
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« Reply #22 on: January 04, 2010, 01:57:06 PM » |
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panggilan terakhir AK 0046 dari scomi .....sedia untuk berlepas......melaluii pintu A060......
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alivecmh
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« Reply #23 on: January 04, 2010, 02:34:45 PM » |
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show just about to get started, grab ur seat n watch it fly.
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leospirit
Regular Member
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« Reply #24 on: January 04, 2010, 03:37:46 PM » |
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scomi and anak2 memecuting
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Malaysia's Biggest Investment Forum
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« Reply #24 on: January 04, 2010, 03:37:46 PM » |
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alivecmh
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« Reply #25 on: January 04, 2010, 03:44:50 PM » |
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congrat to those who bought in past few days big angpow now |
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pete999
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« Reply #26 on: January 04, 2010, 04:10:58 PM » |
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leospirit
Regular Member
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« Reply #27 on: January 04, 2010, 04:54:48 PM » |
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scomi flying but i still in paper loss 18k..buy on 3 month a go went 67  |
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alivecmh
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« Reply #28 on: January 04, 2010, 05:04:04 PM » |
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scomi total vol in buy Q is still higher than total sell Q, signal another surge on tomorrow with djia futures showing very green now Buy Q still very strong compare to sell Q. Tomorrow another round of rocket shooting |
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tkl
Junior Member
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« Reply #29 on: January 04, 2010, 06:28:46 PM » |
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scomi flying but i still in paper loss 18k..buy on 3 month a go went 67 aiya......i also bought .60 but when it drop until .48~.44 range i bought a lot... |
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pete999
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« Reply #30 on: January 04, 2010, 06:51:34 PM » |
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scomi flying but i still in paper loss 18k..buy on 3 month a go went 67 gotta average down. |
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vunkhaiyan
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« Reply #31 on: January 04, 2010, 07:05:40 PM » |
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with current trend on this conter what is the let go price...everyone opinion........
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alivecmh
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« Reply #32 on: January 04, 2010, 08:10:13 PM » |
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0.52 expecting it to shoot like no tomorrow again base on today buy Q vol against sell Q vol at last min b4 market close, US future still looking good so far
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pete999
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« Reply #33 on: January 04, 2010, 08:32:49 PM » |
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hold it until 70 cents.
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leospirit
Regular Member
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« Reply #34 on: January 04, 2010, 08:40:20 PM » |
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Need suggestion..buy more scomi 4 everage down or buy scomi-wa ??  |
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bluecoat
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« Reply #35 on: January 04, 2010, 09:57:10 PM » |
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i am interest on scomi , look start firing. i buying at 0.485
i thinking to buy scomi-LA too .. is it worth to buy ?
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Heng Kai Ting
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« Reply #36 on: January 04, 2010, 10:48:53 PM » |
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i am interest on scomi , look start firing. i buying at 0.485
i thinking to buy scomi-LA too .. is it worth to buy ?
Distracted by JAKS in the morning. |
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bluecoat
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« Reply #37 on: January 04, 2010, 11:37:02 PM » |
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Distracted by JAKS in the morning. why say jaks ? i am saying scomi - LA .. |
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Heng Kai Ting
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« Reply #38 on: January 04, 2010, 11:44:12 PM » |
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why say jaks ? i am saying scomi - LA ..
Bought JAKS first at 64.5sen when Scomi wa was up 3.5sen. JAKS then soared to 67sen, then came down to 65sen before closing at 73.5sen. |
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vunkhaiyan
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« Reply #39 on: January 05, 2010, 01:00:24 PM » |
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we are sorry for the delay..............please switch off your Q sell and fasten your seatbelt.......
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chorizo
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« Reply #40 on: January 05, 2010, 01:08:34 PM » |
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we are sorry for the delay..............please switch off your Q sell and fasten your seatbelt.......
This counter ain't goin' nowhere, pal |
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KT Ng
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« Reply #41 on: January 05, 2010, 02:47:31 PM » |
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THIS COUNTER WILL COME DOWN WITHIN THIS TWO WEEK BECOS THERE ARE ALOT OF SELLERS WAITING TO SELL. APPROXIMATELY 40 MILLIONS NEW SHARES WERE LISTED RECENTLY. IF YOU GOT SOME PROFITS, DO TAKE PROFIT FIRST. BUY WHEN IT IS DOWN TO 0.44 AND BELOW.  |
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Portfolio 1 : ASB 19.0 sen
Portfolio 2 : ASB-LA 9.9 sen.
Life does not depend on maintaining one's existence. Be natural. Life is just a chain of actions. Don't be so action or over-action.
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Sentra
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« Reply #42 on: January 05, 2010, 08:27:11 PM » |
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THIS COUNTER WILL COME DOWN WITHIN THIS TWO WEEK BECOS THERE ARE ALOT OF SELLERS WAITING TO SELL. APPROXIMATELY 40 MILLIONS NEW SHARES WERE LISTED RECENTLY. IF YOU GOT SOME PROFITS, DO TAKE PROFIT FIRST. BUY WHEN IT IS DOWN TO 0.44 AND BELOW. drop too much recently...hw low still can go with NTA 0.90....current price is around 50% discount....wait it bankcrupt then we will get 0.90....muahahaha those who want to sell already sell off, those bearish on this counter already sell off before the right issue, why they want to keep this counter while still need to pay the right issue price??? for wat they subscribe the right issue then sell the mother share, loan stock, and the warrrant for no profit???....those want to sell suppose sell long long time ago man!!! The shareholder nw most likely will hold, nw js wait good news announcement for fry only. The downside risk is very mininum!!! |
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1) Share market is not interesting without compounding return.
2) When you lost 50%, you need 100% to come back.
3) Buy or sell only if a company fundamental has changed or going to change.
4) Use dollar cost averaging for bluechips company only.
5) Never neglect technical analysis.
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bluecoat
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« Reply #43 on: January 05, 2010, 08:40:01 PM » |
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today i didnt go in yet, but it is a lot seller today.
how u all see this stock . is this company have any project now ?
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Sentra
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« Reply #44 on: January 05, 2010, 08:45:33 PM » |
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today i didnt go in yet, but it is a lot seller today.
how u all see this stock . is this company have any project now ?
project on hand still got....especially the Mumbai monorail project la....wait good news announcement from Brazil, Saudi, Bahrain...etc |
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1) Share market is not interesting without compounding return.
2) When you lost 50%, you need 100% to come back.
3) Buy or sell only if a company fundamental has changed or going to change.
4) Use dollar cost averaging for bluechips company only.
5) Never neglect technical analysis.
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KT Ng
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« Reply #45 on: January 05, 2010, 08:51:36 PM » |
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FOR THE DIRECTORS OF PLC, TO MAKE MONEY BY PUSHING THE SHARE PRICE DOWN IS MUCH EASIER AND SAFER THAN TO PUSH THE SHARE PRICE UP. DO YOU ALL AGREE WITH ME? THAT'S WHY, MOST SHARES ARE PENNY STOCKS NOWADAYS. |
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Portfolio 1 : ASB 19.0 sen
Portfolio 2 : ASB-LA 9.9 sen.
Life does not depend on maintaining one's existence. Be natural. Life is just a chain of actions. Don't be so action or over-action.
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vunkhaiyan
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« Reply #46 on: January 05, 2010, 08:54:49 PM » |
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DO you think they do not need capital to push up or down...........they disposed off and will re-enter when they got the first line of news..............thats why we must monitor the movement daily......
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Sentra
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« Reply #47 on: January 05, 2010, 08:58:40 PM » |
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FOR THE DIRECTORS OF PLC, TO MAKE MONEY BY PUSHING THE SHARE PRICE DOWN IS MUCH EASIER AND SAFER THAN TO PUSH THE SHARE PRICE UP. DO YOU ALL AGREE WITH ME? THAT'S WHY, MOST SHARES ARE PENNY STOCKS NOWADAYS. push their share down hw to make money?? buy back at cheaper price?? wat happen if their action fail??? if do that they possible also lose their whole company to other people....wat is ur claim in this??? |
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1) Share market is not interesting without compounding return.
2) When you lost 50%, you need 100% to come back.
3) Buy or sell only if a company fundamental has changed or going to change.
4) Use dollar cost averaging for bluechips company only.
5) Never neglect technical analysis.
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Sentra
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« Reply #48 on: January 05, 2010, 09:01:38 PM » |
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DO you think they do not need capital to push up or down...........they disposed off and will re-enter when they got the first line of news..............thats why we must monitor the movement daily......
see hw they dispose....if they dispose massively in one short....they something gonna wrong, bad thing going to happen very soon....since they dispose periodically and is before the right issue, i rate they js want the cash out some money to buy the loan stock, at least they get 4% guarantee return...... |
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1) Share market is not interesting without compounding return.
2) When you lost 50%, you need 100% to come back.
3) Buy or sell only if a company fundamental has changed or going to change.
4) Use dollar cost averaging for bluechips company only.
5) Never neglect technical analysis.
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Heng Kai Ting
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« Reply #49 on: January 05, 2010, 09:09:55 PM » |
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Malaysia's Biggest Investment Forum
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