【WCT 9679 交流专区】WCT 工程

8years

原帖由 Mr.Business 于 29-6-2007 08:39 AM 发表
我又想了一想，假设WCT的市价是RM7.50时我买进1000股。
我可得333红股 (每3股送1红股)，总股数1333股。我接着买2220个ICPS (每3股卖5个ICPS, 每ICPS的价钱是RM0.30)。我可用10个ICPS换1WCT的股票，我全数转换，可得222股。现在我总共拥有1555股。我的成本是：
RM7.50 x 1000 = RM7500
RM0.30 x 2220 = RM666
RM7500 + RM666 = RM8166

RM8166/ 1555股 = RM5.25

这个就是会令到ex后下跌的原因。有50%的profit，太多人会卖了
在ex之前肯定会有炒家炒高。之后将会回到跌回合理价。

Mr.Business

那对WCT有信心的网友，可趁到时候股价跌时进场收购咯。。

臥龍先生

原帖由 Mr.Business 于 29-6-2007 09:50 AM 发表
那对WCT有信心的网友，可趁到时候股价跌时进场收购咯。。

根據你的經驗, 現在手上有的是否應該先放了, 等它跌到合理價了才再買入 ? 謝謝

8years

我本来也很想买进。不过当年亏70%就是因为他，太痛了。赚足200%也因为它，亏完也因为它。。。。。。。。

kftham

炒家似乎没进入，volumes 很低。RM7.85。

在split以后，假如WCT 宣告得到1.5 Billion project...那样又如何？

Genting,IOI,Resort...split以后, 没有利好消息！！！

Mr.Business

原帖由 臥龍先生 于 29-6-2007 09:55 AM 发表

根據你的經驗, 現在手上有的是否應該先放了, 等它跌到合理價了才再買入 ? 謝謝

Aiya, 臥龍先生，我哪有什么经验可以讲。我只是认为EX之后股价跌的可能性比较高，而WCT拿着这大笔资金，也须一段日子才知道投资效果如何，能不能大力提升业绩。
如果我有WCT的话，我可能在EX之前卖出，过后 (不懂是几时)在WCT的股价跌得差不多时再买进，当然前提是我对WCT的前途有信心，打算做长期投资。

不过，RM0.30的ICPS很吸引人一下，又有固定股息，又可用10ICPS换一母股，不错，不错。可能可以在ICPS上市交易时买进。。。

讲了这么多，还是要提醒, 股市是不讲理的。WCT的股价可能最后怎么都不跌，而且还大起，这也是有可能的。哈。

原帖由 8years 于 29-6-2007 09:56 AM 发表
我本来也很想买进。不过当年亏70%就是因为他，太痛了。赚足200%也因为它，亏完也因为它。。。。。。。。

8年兄，讲故时间到了，我洗耳恭听。。。最后你是亏还是赚？？

[ 本帖最后由 Mr.Business 于 29-6-2007 10:23 AM 编辑 ]

8years

也没有什么故事好讲，讲明亏到完嘛。4年长期投资所赚的1年半就亏完了。当年赚是因为看好未来，亏也因为看好未来，哈哈。你看回wct的长期图就知道我什么时候亏了。当年的最低价就是我最后一股卖的价钱。之后就一路攀升，所以他和我没有缘分。

Mr.Business

难道是2006Jan??何解亏也因为看好未来??

8years

如果不是看好未来和持有的充满信心，怎么会在rm6时margin in呢？？如果不是充满信心，在下跌到rm5时怎么还加码？？在跌到rm4依然不肯卖而要给银行利息。

这些不是一个没有信心的人可以做到的。只有疯狂的看好wct的人才能做到的。

Mr.Business

那为何不坚持到最后？银行不让你？
唉，举债投资股票还是太危险了。。。

8years

当你在高峰用了margin就知道人的坚持能力会少很多。尤其是当你看到那长期投资化为乌有的时候，你的坚持会不见到更恐怖。

Mr.Business

这帖子不错，我copy起来了，大家继续加油！

33333

最高8。00 ， 太好了。可是我没买

臥龍先生

33333

是否代表股价低过25天及50天的平均价就可开始买进

臥龍先生

原帖由 33333 于 29-6-2007 06:55 PM 发表
是否代表股价低过25天及50天的平均价就可开始买进

抱歉, 我不會看圖表的, 不過有 APPLICATION 可以 GENERATE 圖表, 所以就放上來囉...

以下是各個 INDEX 的一些解釋 :

RSI
The RSI ranges from 0 to 100. Anasset is deemed to be overbought once the RSI approaches the 70 level,meaning that it may be getting overvalued and is a good candidate for apullback. Likewise, if the RSI approaches 30, it is an indication thatthe asset may be getting oversold and therefore likely tobecome undervalued.

Williams %R
The Williams %R produces values from 0 to -100, a reading over 80usually indicates a stock is oversold, while readings below 20 suggestsa stock is overbought.

Stochastic
The theory behind this indicator is that in an upward-trending market,prices tend to close near their high, and during a downward-trendingmarket, prices tend to close near their low. Transaction signals occurwhen the %K crosses through a three-period moving average called the"%D".

kftham

Company Name : WCT ENGINEERING BERHAD  
Stock Name  : WCT
Date Announced : 28/06/2007

Subject : WCT - NOTICE OF BONUS AND RIGHTS ENTITLEMENT


Contents :

1) Bonus issue of up to 77,534,969 new ordinary shares of RM1.00 each ("Bonus Share(s)") in WCT Engineering Berhad ("WCT") on the basis of one (1) Bonus Share for every three (3) existing ordinary shares of RM1.00 each held in WCT ("Bonus Issue") and

2) Renounceable rights issue of up to 516,899,793 five (5)-year 13.5% non-cumulative irredeemable convertible preference shares of RM0.10 each ("ICPS") held in WCT Engineering Berhad ("WCT") at an issue price of RM0.30 per ICPS on the basis of five (5) ICPS for every three (3) existing ordinary shares of RM1.00 each held in WCT ("WCT Shares") after the bonus issue on the basis of one (1) bonus share for every three (3) existing WCT Shares ("Rights Issue of ICPS").

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - All" ]
as from : [ 5 July 2007 ]

2) The last date of lodgement : [ 9 July 2007 ]

3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

a) Selling Broker to deduct [ 23/32 ] , of the Selling Price against the Selling Client.

b) Buying Broker to deduct [ 19.375% ] of the Purchase Price against the Buying Client.

c) Between Broker and Broker, the deduction of [ 23/32 ] of the Transacted Price is applicable.

REMARKS :- Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 10 July 2007 with bonus issue of WCT shares of RM1.00 each, any shareholder who is entitled to receive WCT bonus issue shares, may sell any or all of his WCT shares arising from the bonus issue beginning the Ex-Date (5 July 2007).

For example, if Mr X purchases 300 WCT shares on cum basis on 4 July 2007, Mr X should receive 300 shares on 9 July 2007. As a result of the bonus issue, 400 WCT shares will be credited into Mr X's CDS account on the night of 9 July 2007 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 400 on or after the Ex-Date ie from 5 July 2007 onwards."


对 3 a)b)c) 提到deduct [ 23/32 ] 或  19.375% ] 对于Transacted Price 意味什么？

假如闭市价 ＝ RM 8.50， bonus Issue 届满以后, 会是RM6.10？？[RM8.50 x 23]/32

臥龍先生

WCT Engineering

Buy RM7.95 KLCI : 1,354.38
Price Target : 12 months RM 9.20 (Prev RM 7.10)
Reason for Report : Update
Potential Catalyst: New Middle East and Malaysia contracts

Landing on Fantasy Island
Story: WCT Engineering is amajor potential beneficiary of the petrodollar-funded infrastructureboom in the Middle East. Opportunities for new work remain abundant forthe Group, which has a relatively early headstart and has progressivelydeveloped its niche in the region.

Point: There is strongpotential for the Group to enhance construction order book over thesetwo years. The proposed Irredeemable Convertible Preference Shares(ICPS) and US$ Convertible Bonds (CBs) will enable it to acceleratebalance sheet expansion to take on a bigger order book faster.

Relevance: We reiterate ourBuy call and increase our RNAVbased price target to RM9.20. The pricetarget implies 17.1x FY08 EPS (after assuming 50% conversion of ICPS byend-2008), which is at the high-end of its historical range andreflects optimism in terms of new contract wins from Middle East andMalaysia.

Petrodollar-funded paradise.
The petrodollar-funded infrastructure boom in the Middle East hasbecome a new source of projects for contractors. WCT’s Middle Eastcontracts account for 47% of its total order book, higher than IJM and Gamuda. Opportunities for new contracts remain abundant with several mega projects in the region that could provide work for at least the next 2-3 years.

Increasing 2008 forecast by 7%.
WCT has had a relatively early headstart in building up its presence inthe region by clinching the Bahrain F1 circuit in 2002. A criticalsuccess factor is its carefully chosen partnerships with localcontractors such as Cebarco in Bahrain and Arabtec in Dubai. Thesewin-win formulas combine the local partner’s established relationshipswith local authorities, suppliers and clients with WCT’s technicalexpertise in special projects such as F1 circuits and civil work. Weincrease our FY08 forecast by 7%, factoring in new contract wins. Therewould be further upside to 2008 earnings on higher than expectedcontract wins.

Going ex for bonus and ICPS this week.
WCT will go ex for its 1-for-3 bonus issue and ICPS on 5 July 2007.Trading of the ICPS will start on 12 July 2007 and cease on 19 July2007. The proposals are scheduled for completion by end 2007.

Accelerating balance sheet expansion.
The CBs will allow the Group to capitalise further on theinfrastructure boom in the Middle East and other overseas markets whilethe ICPS will help fund domestic construction and property developmentprojects. The ICPS and CBs will raise upfront proceeds of up toRM505.1m while conversion into equity would be staggered over fiveyears. Net debt, as at end December 2006, was  RM274.8m implying netgearing of 46%. At the issue price of RM0.30/ICPS, there would bedividend yield of 4.5%, which is relatively higher than WCT’s projecteddividend yield of 1.9%. This may hold off conversion of the ICPS in theimmediate term

臥龍先生

今天 WCTE 到 MYR 8 了...

kftham

闭市价＝RM8.20，
新的修订目标价＝RM9.2 （ｂｅｆｏｒｅ ｂｏｎｕｓ ｉｓｓｕｅ）
所以明天开市，假如跌落低于RM5.80。。可以考虑买进。。。