Nooruladha’s Weblog


Eyening LITRAK and MASTEEL
May 23, 2008, 6:52 am
Filed under: Investment Story

Objective: Monitoring for 1-4 weeks for price fluctuation, and position for entering.

Method 1: Bad news but not really affecting financial

Method 2: Single accumulation with heavy volume

Method 3: Holding after ex-entitlement date. Target holding is 3-6 months.

Method 4: Release if price is reasonable, or 10% cut loss.

Reasons: Maybe generous dividend. Maybe not. Masteel by record give similar amount of dividend for last couple of years. The only think different is the proposed share splits 3-1.

Litrak receives 600+ mils from government due to concessionaires agreement last year. That’s generous kickback, and should be return back to share holder. But, the proposed rm1 per share bonus is still pending approval during annual EGM. hopefully, it goes through.

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