Saturday, May 28, 2016
ex-index linked counters
AirAsia : One of the BEST trading stock in KLSE ... as it is ALWAYS liquid, active with news-rumours-cum stories. It can goes below RM1 ... only showing the magic of everyone can fly ... see you at RM2.80 now. Do note that she was index-linked counter previously.
Armada : Do you know that Armada was in our KLCI component previously? Do you? If you are new ... then, welcome to stock-market. It is trading at 70cents now ... way before it's IPO price of RM3.15 (if not mistaken).
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,479,238,150 NEW ORDINARY SHARES OF RM0.20 EACH IN BUMI ARMADA BERHAD ("SHARES") ("RIGHTS SHARES") ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 2 EXISTING SHARES HELD BY THE ENTITLED SHAREHOLDERS OF BUMI ARMADA BERHAD AS AT 5.00 P.M. ON 12 SEPTEMBER 2014, AT AN ISSUE PRICE OF RM1.35 PER RIGHTS SHARE
It went thru right-issues ... and continue to bleed. Blame it on low oil-price (recovered to USD50, by the way ... but Armada's stock price still at low?)
BJToto : Well ... this one is one of my fav to collect (around RM3 ... sell RM3.30 ... re-collect at RM3 ... at current level, dividend is around 6%). Still queueing to buyback at RM2.95 as I sold at RM3.39 level but only hit RM3 low so far. Yes ... BJtoto was index-linked when I was new to KLSE. Collect BJtoto during market crash ... say .... RM2, ok?
FGV : Poor Felda settlers ... happy during IPO listing ... but since then ... zzz ... dropped out of KLCI index-linked ... poor management, poor biz-insight ... poor decision makers. It will continue to bleed ... and we shall check her below RM1 now. What happened to the Eagle-stories? I didn't follow her since I sold her last year.
MHB : At the high of RM8 plus ... didn't check the years ago price ... now we are seeing RM1plus level ... seriously!! It was born from MISC ... and index-linked!!
Are we sure index-linked are considered BLUE CHIPS? Buy to hold is ridiculous as strategy to be applied to these counters (except BJtoto) especially those GLCs. Stock-market is the place where these companies SUCK out money/funds from EPF/TH/local funds ... and public. Believe it ... that is how money transferred from a clean hand to someone's pockets!!
There are a few more ... but go figure. Do simple Math ... and will understand why we should not buy-hold those IPO-ed GLC ... index-linked counters!!
Penang Trip : I will be going to Penang next weekend. Those in Penang could contact me, if we are to meet. I want to discuss about "Preparation of market crash"
Time for dinner ...