Dividend received

KLSE managed a minor gain today.  The nuclear crisis worries seems to be lessen although the general public remained concerned and confused by the various news sources.  On the other hand, there seem to have some development at the middle east, Libya, in particular, where UN has declared a no-fly zone and backing up the rebellion forces.  The market viewed it as a positive move.

Apart from the daily news,  today I received an email notifying me that Supermax has banked in my dividend.   Thanks to e-dividend which allows the shareholder to be notified electronically and payment are banked in directly into their bank.  Supermax declared an interim tax exempt dividend of 5% on 14th Feb 2011.  The payment day is today, 18th March 2011.

Nikkei 225 suffers a 10% plunge due to increased concern on Nuclear Crisis

Today we see a big plunge in Japan's Stock Exchange, Nikkei 225, who suffers 14% loss at around noon but managed to recover slightly to close at 10% loss, -1015pts.   All regional stock exchange suffers the same fate, falling between 2%-3%.  Malaysia's KLSE managed to close at a loss of 11.21 pts or 0.75%.

As the world continue to follow the earthquake, tsunami & nuclear plant leakage disaster closely, let us not forget to also pray for them.   May the worst has past and road to recovery begins.

Mudajaya proposes a 1-for-3 bonus issue

After many days of watching Mudajaya going south, it finally announce a news that many investors would cheer of.  Mudajaya is proposing a 1-for-3 bonus issue.

To avoid any confusion, it means if you are holding 3000 units of Mudajaya, you are entitled to 1000 units of new Mudajaya share, which will ends up with a total of 4000 units.   The announcement is just a proposal, meaning it has to get approval from its shareholders before we can have an idea of when the bonus issue is scheduled.

If the proposal is approved and you are only holding 2000 units of Mudajaya, you will end up with odd lots.  In this case, you have a decision to make, either to sell off your share or to top-up so it can be in multiply of 300 or 3000 units.  When more details is released, I will post it here.

Dividend received

Today I received 2 letters.  Both are dividend notification letters, TWS and P&O.  Even though P&O dividend is little in comparison to TWS, it is still a good gesture from the company to distribute income to its shareholders.

Market continue to be weak, especially on the second liners.  Stocks with strong fundamentals tend to fare better than the rest.  Not all in my holdings are doing well.  This will be a good time to evaluate the stock we have bought and determine the next step.  Any action by me will surely be posted here.

Bought more Pantech-wa today, 1st March 2011

My order matched while I was away in the morning.  I have accumulated enough of Pantech-wa @ 0.325.  I believe my shopping is pretty much done.  Although Pantech-wa is now running at over 40% premium, there is still a good likelihood it will shoot up when its mother start to move on good news or financial result.  I'm aware that the latest quarter earning doesn't look too good.  However, it is still in profit and the bosses bought a big chunk during December month.  The exercise price is 0.60 and the warrant will expired in December 2020.  Still has 9 years for it to show its true color.

Bought Pantech-wa today, 28th February 2011

Despite KLCI closed in the green territory, many counters suffers another selldown today, the last day in February.  The issues in Libya and high oil price remained the top blamed reason for the poor performance by regional markets.

Nevertheless, I continue to take this opportunity to scoop up bargained stock.  This time, I managed to buy some Pantech-wa @ 0.325.  The warrant still has many years before it expired.  There is plenty of time for this warrant to run and in fact, it did had a good run about 2 months ago.  Pantech is potentially one of the beneficiary of the recent O&G sector stimulus announced by Najib recently, which coincides with the time the warrant was issued.  Perhaps the bosses knows something we don't.

TWS released its final quarter, 4th, result and it's a great one !

Despite KLSE being slaughtered today, quite a number of companies released their quarter earnings with very good result and some, comes with very good dividend.   TWS remained my favourite still.  TWS reported a revenue of 1.5 billion and a net profit of 193 million.  This brings the 4th quarter eps to a whopping 66.51 and the total eps for all 4 quarters comes to an outstanding 165.31, that's RM1.65 for every unit of share out there.  At today's closing price, 7.56 and divided by 165.31, that will gives you a PE of only 4.5 !  In my opinion, this stock is deemed cheap despite its recent run up of almost 100% in the past 3 months.  Oh, I almost forgot to mentioned that its NTA rosed by RM1 to 6.83 since previous quarter.

A whole year quarter earning details :

Date Stock Quarter Year End Current Year Quarter Current Year To Date Revenue (RM'000) P/L (RM'000) EPS (sen) Dividend (sen) Revenue (RM'000) P/L (RM'000) EPS (sen) Dividend (sen) NTAB (RM) 24 Feb 2011 TWS 4th 31 Dec 2010 1,590,845 193,472 66.51 - 5,575,625 482,068 165.31 - 6.8300 2 Dec 2010 TWS 3rd 31 Dec 2010 1,399,534 123,842 42.32 - 3,984,780 288,596 98.90 5.00 5.8200 25 Aug 2010 TWS 2nd 31 Dec 2010 1,285,708 87,498 29.88 5.00 2,585,246 164,754 56.28 5.00 5.4100 31 May 2010 TWS 1st 31 Dec 2010 1,299,538 77,256 26.40 - 1,299,538 77,256 26.40 - 5.2200