舉債來投資 MEGAN 值得嗎 ? （九）

khokhokho

原帖由 cari288 于 9-5-2007 09:59 PM 发表


当然是两个加起来最好，PN１之后 PN１７  

等過了12個月，因該是明年了，開好在過年吧，可能楊天才會發特別紅包給你吧~ 今天我好像變成太話題了，好在板主沒講減分。
提外話:這里慢一點可能會火藥味重了。
工也要做，玩樂也要玩，投資股票也要投資，只不過我是門外的小小一隻飛虫，突然飛進來CARI論談，看大家的寫作，有好有壞，只不過只有MEGAN對我來講最深刻，好在我是在尾部才看，不然我也是照樣會在 RM 1.600買進MEGAN，所以講，早起的小鳥有虫吃，晚起的小鳥沒虫吃，而我就是那晚起的小鳥。

cari288

原帖由 ktn1169 于 9-5-2007 09:21 PM 发表
我组合只有megan & mamee...megan 占了75%。。。不怕
就假了。
别的股都在升， 我的都在跌，真不是味道

所以说，不要和股票谈恋爱，更不要对它忠心，它未必对你忠心。
要娶 １０ 个 counters ，万一丢失了一个，剩下的 ９ 个，只要都生９份之 一个，就变回 １０ 个 la 。

khokhokho

原帖由 wtk75 于 9-5-2007 10:15 PM 发表
大家来研究如何以法律行动，按照马来西亚的
1.“Malaysia Companies Act 1965”  和
2.“Securities Industry Act 1983 and Futures Industry Act 1993”
起诉Yeo和公司其他相关董事和前财务总监，
刻意隐瞒 ...

妳如果能上訴的話，那上市公司會一間一間倒閉。
多少上市公司是克意安排，如非是人心不足，人如不貪，又何會中計。

khokhokho

原帖由 cari288 于 9-5-2007 10:19 PM 发表


所以说，不要和股票谈恋爱，更不要对它忠心，它未必对你忠心。
要娶 １０ 个 counters ，万一丢失了一个，剩下的 ９ 个，只要都生９份之 一个，就变回 １０ 个 la 。

是嗎?如果是這樣，你問問股票所的股友，是如何玩法。

不過不要講，我買了這隻股之後，下跌了，要止损，虧10%也不為過，過後又再去買另一隻股，再虧损，再止损10%，這是行不通的止损投資，十次止损10%就是等於不見了100%資金了，這一點要特別注意，別以為小錢虧损看不見，累集下來的小錢虧损一點一點，就會變更大的虧损，慢慢我們的資金就會不見了 FLY TO WATER  。
轉文........
二、止损原因
　　需要止损的原因有两个方面。第一是主观的决策错误。进入股市的每一位投资者都必须承认自己随时可能会犯错误，这是一条十分重要的理念。究其背后的原因，是因为股市是以随机性为主要特征，上千万人的博弈使得任何时候都不可能存在任何固定的规律，股市中唯一永远不变的就是变化。当然股市在一定时期内确实存在一些非随机性的特征，例如庄家操控、资金流向、群体心理、自然周期等，这是股市高手们生存的土壤，也是不断吸引更多的人们加入股市从而维持股市运行发展的基础，但这些非随机性特征的运行也肯定不会是简单的重复，只能在概率的意义上存在。如果成功的概率是70%，那么同时就有30%的概率是失败。另外任何规律都肯定有失效的时候，而这个时候也许就会被聪明的你碰到。当遇到失败概率变为现实，或者规律失效，这时就有必要挥刀止损了。第二是客观的情况变化，例如公司或行业的基本面发生意料之外的突发利好或利空，宏观政策重大变动，战争、政变或恐怖事件，地震、洪水等自然灾害，做庄机构资金链断裂或操盘手被抓，等等。

白狐狸

看了companies act １９６５ 和investopedia 的解释，看来我把debt restructuring 和suspend for investigation弄乱了。debt restructuring 可能suspend for trading但可能性却很底。（除非杨董干了些见不得光的事被发现。。）

debt restructuring根据 investopedia 的解释是:"Companies use debt restructuring to avoid default on existing debt or to take advantage of a lower interest rate.

A company will often issue callable bonds to allow them to readily restructure debt in the future. The existing debt is called and then replaced with new debt at a lower interest rate.

Companies can also restructure their debt by altering the terms and provisions of the existing debt issue."

听起来是好事。重点是creditors接不接受煤岸的offer。

假名

09-05-2007: RAM downgrades Megan Media's BaIDS to C3

Email us your feedback at fd@bizedge.com

Rating Agency Malaysia Bhd (RAM) has downgraded the long-term rating of Megan Media Bhd subsidiary Memory Tech Sdn Bhd’s RM320 million Bai Bithaman Ajil Islamic Debt Securities (2005/2012) (BaIDS) to C3 from A2.

It also placed the BaIDS on rating watch with a negative outlook.

In a statement yesterday, RAM said the downgrade was premised upon Memory Tech’s and MJC (Singapore) Pte Ltd’s failure to repay their trade facilities amounting to RM47.36 million, which was due on April 27, 2007.

MJC is another wholly owned subsidiary of Megan Media.

“Based on the terms of the trust deed, this default on the trade facilities constitutes a cross-default on the BaIDS. As a guarantor for the BaIDS, Megan Media has 30 days to remedy this breach,” it added.

According to Megan Media’s management, Memory Tech and MJC’s inability to meet their debt obligations had been primarily due to a liquidity crunch arising from slow collections from trade debtors, RAM said.

“These trade receivables are mainly from the group’s trading business, which has unexpectedly burgeoned since RAM’s last rating review in November 2006,” it added.

RAM also said Megan Media was also affected by the abrupt exit of its former largest shareholder George Yeo Wee Siong, who had also reduced his equity to 1.94% from 10.22%.

“Given that Mr Yeo had been the co-founder and a key person in Megan Media, his abrupt exit may have some relation to the group’s sudden shift in business focus,” it added.

However, RAM noted that Megan Media’s operating performance was still fairly sustainable prior to the latest developments. It posted a pre-tax profit of RM51.74 million on the back of RM774.65 million revenue for the first nine months of financial year ending April 30, 2007.

RAM also said Megan Media had been servicing the BaIDS until now but its outlook was revised to negative in July 2006, in view of its increasing debt load and the prevailing industry depression.

“RAM understands that Megan Media’s management is currently endevouring to facilitate a comprehensive, group-wide debt restructuring involving all classes of creditors, including the BaIDS holders,” it added.

Megan Media will be meeting with its BaIDS holders and creditors to discuss this issue on Friday.

http://www.theedgedaily.com/cms/ ... a-1da87db0-50f9ef03

白狐狸

原帖由 wtk75 于 9-5-2007 10:15 PM 发表
大家来研究如何以法律行动，按照马来西亚的
1.“Malaysia Companies Act 1965”  和
2.“Securities Industry Act 1983 and Futures Industry Act 1993”
起诉Yeo,公司其他董事和前财务总监，
刻意隐瞒子公 ...

你现在起诉的话就真的要suspend for investigation。

没错，我们有权力起诉。duty, breach and damage都可证名。但，这个时候，煤岸放出这消细我们这些小东西跪下来大喊：＂谢王上开恩！＂都来不及了。。。。那里还敢。。。。

白狐狸

原帖由 cari288 于 9-5-2007 09:45 PM 发表
这次事件会是 megan 的转折点吗？ 债务如果成功重组之后。gearing ， leverage 都改进了。长久以来，损耗 megan 的因素消失了。

反之，债务重组失败，megan 被打入 PN １７，之后 delist。megan 从此消失了 ...

agree, this is the point and focus. but our talk won't affect the fact..

Up-N-Down

對﹗LA。。。。沒那麼容易破產的﹐要相信自己作的功課。趁現在還沒有反彈已低價買進。如果真的破產就等于買個經驗LO。。 。
MEGAN真的好HOT IN CARI。COM 。。真的是一套不停的連喜劇。。。

大家放心吧﹗BE HAPPY。。。。。。

JD

原帖由 wtk75 于 9-5-2007 10:15 PM 发表
大家来研究如何以法律行动，按照马来西亚的
1.“Malaysia Companies Act 1965”  和
2.“Securities Industry Act 1983 and Futures Industry Act 1993”
起诉Yeo,公司其他董事和前财务总监，
刻意隐瞒子公 ...

你还有钱请律师吗?

jackphang

原帖由 假名 于 9-5-2007 10:56 PM 发表
09-05-2007: RAM downgrades Megan Media's BaIDS to C3

Email us your feedback at fd@bizedge.com

Rating Agency Malaysia Bhd (RAM) has downgraded the long-term rating of Megan Media Bhd subsidi ...

那么，Megan接下来的债务重组应该会有第三者(不知道downgrades过后，还有谁想要借钱给Megan)/re-issue shares.

sunday365

最怕是MEGAN学 BJCORP 五粒变一粒 还要伸手向股东们要钱. ( VT 鸟人的杰作).
BJCORP在重组后暴跌到 RM0.10. 趁大牛市BJCORP开始翻身到现在 RM0.41.
去年买BJCORP的人大都尝试到开番的滋味.

sunday365

同股不同命.
AMMB 的 RM一亿亏损就当是'Kitchen-sinking' [我还是第一次看到这个词]
AMMB股价没有跌. 万事有ANZ顶着.

MEGAN就没有酱好命啦.


7 May 2007: Corporate: 'Kitchen-sinking' at AMMB
By Lim Ai Leen
Email us your feedback at fd@bizedge.com
AMMB Holdings Bhd will report net losses of about RM100 million for its financial year ended March 31, 2007, say sources. High loan-loss provisions — estimated to be in the RM1 billion range — will eat into the banking group's operating profits and cause it to dip into the red.
"It's a foregone conclusion that losses will result from the kitchen-sinking exercise," remarks a banking sector analyst. Kitchen-sinking refers to the practice of announcing all of a company's bad financial news at the same time. In banking circles, the term is usually used when a bank writes off all its bad loans at one go.
AMMB's non-performing loans (NPLs) as at Dec 31, 2006, stood at RM4.2 billion and made up 8.4% of its total lending. This is an improvement from last March, when bad loans totalled RM4.6 billion and made up 9.6% of total loans. However, these ratios are still far below the current industry average of 4.8%.
The analyst estimates that if AMMB writes off RM1.4 billion of these loans in the fourth quarter (ended March 31), this will result in net losses of RM130 million for the full year. The upside of this huge hit, he says, is that the group's NPL ratio will come down to a more respectable 6.5%. As at the nine-month mark last December, net profit was RM335 million.
Ironically, the same event that promises better, more exciting times for the bank is probably what's causing this blip in its earnings record. It is believed that AMMB is cleaning up its books before the entry of new strategic partner Australia and New Zealand Banking Group Ltd (ANZ).
It is common practice in the industry for new shareholders or management to write off delinquent loans and stomach losses at the outset. This enables the newcomer to delineate legacy loans and start off on a clean slate. It also assures the newcomer that its capital will go towards generating new growth, not to finance old problems.
ANZ will inject RM1.1 billion into AMMB to buy preference shares and exchangeable bonds that are convertible into AMMB shares. ANZ will also buy 300 million AMMB shares from AMMB chairman Tan Sri Azman Hashim via AmcorpGroup Bhd. At the end of these exercises, ANZ would have a 25% stake in the banking group. AMMB shareholders approved the deal two weeks ago.
"With the involvement of ANZ at the management level and the anticipation of knowledge transfer, we expect a brighter future for AMMB," says Hwang-DBS Vickers in its report dated March 5.
Hence, analysts agree, AMMB's dip into the red will only be temporary.
"We expect to see a huge jump in earnings by the first quarter of FY2008 (the period ending June 30 this year). And the NPL ratio should fall further to 5.8% by March 2008," says an analyst with a foreign research house. He expects FY2008's full-year net profit to reach RM680 million. This is far higher than FY2006's net profit of RM366 million.
A much-anticipated NPL sale should also assure investors that the outlook is positive. Some RM1 billion worth of bad loans are on the block; it is understood that the successful bidders could be announced within a month. Hiving off bad loans frees up a bank's balance sheet and enables it to give out new loans and grow its business. It also improves a bank's asset quality, and means that less money needs to be set aside to cover the possibility that nothing can be recovered.
Analysts have maintained their target prices for AMMB stock, despite anticipating the losses. According to Bloomberg data, CLSA Malaysia has the highest fair value with RM5.60, while Merrill Lynch and JP Morgan have targets of RM4.95 and RM5 respectively. Hwang-DBS Vickers has a fair value of RM4. AMMB closed at RM4.08 last Thursday.
In fact, the counter has run up in the last two weeks, largely on news that AMMB shareholders approved the ANZ deal and that ANZ will be able to influence key management decisions. It hit its six-month high of RM4.10 on April 27, after trading at an average price of RM3.38 over the last six months.
"We expect announcements of the deputy managing director, chief financial officer and chief risk officer posts within the next quarter, followed by various senior management appointees at the operating levels of the various business lines in retail, business, corporate banking and credit risk management. ANZ's core operating and risk policies are also expected to be adopted by AMMB," states the foreign research report dated April 25.
Fund managers say they will continue holding AMMB stock, even if the losses cause some weakness in the share price. "Retail investors may react by selling but the institutions will keep this stock in their portfolio," observes a fund manager.


[ 本帖最后由 sunday365 于 10-5-2007 12:04 AM 编辑 ]

cari288

原帖由 khokhokho 于 9-5-2007 10:17 PM 发表

等過了12個月，因該是明年了，開好在過年吧，可能楊天才會發特別紅包給你吧~ 今天我好像變成太話題了，好在板主沒講減分。
提外話:這里慢一點可能會火藥味重了。
工也要做，玩樂也要玩，投資股票也要投 ...

...所以講，早起的小鳥有虫吃，晚起的小鳥沒虫吃，而我就是那晚起的小鳥。

haha! 应该是早起的虫儿被鳥吃，而你是晚起的虫儿。。。

shishedo

请问一下，如果megan股价大起对还债有没帮助？比如卖股还债之类的？

如果这是最后一招，那还得了？

8years

看来megan可能需要出高息bond才能借钱周转，这就会令到megan的financial cost更高，难怪s&p说megan的利息会更高。

初步来看megan应该不会倒，不过也已经没有翻身的机会了，接下来的日子是赚钱还利息吧了。。。。。。

有一点更奇怪，杨会签solvecy contract么？？他才有2%，为什么要冒险？？大不了一走了之，为什么还要留下呢？？到底胡芦里卖什么药？？

故事接下来将进入高潮，小股东的董事会计划因为没有人支持已经胎死腹中，管理层会有什么惊人表现呢？？

8years

megan将出大量的高息junk bond，有谁愿意买进？？
小股东应该卖股买进有高息的junk bond 吗？？

Mr.Business

原帖由 web 于 9-5-2007 07:55 PM 发表
Company Name : MEGAN MEDIA HOLDINGS BERHAD  
Stock Name  : MEGAN
Date Announced : 09/05/2007

Type : Announcement
Subject : ANNOUNCEMENT PURSUANT TO AMENDED PRACTICE NOTE 1/2001
...

补充消息来源：
http://announcements.bursamalaysia.com/EDMS%5Cedmsweb.nsf/LsvAllByID/48256E5D00102DF3482572D60040049E?OpenDocument
Date Posted: 9/5/2007 7:51pm

原帖由 mjchua 于 9-5-2007 08:08 PM 发表
Company Name:MEGAN MEDIA HOLDINGS BERHAD Stock Name :MEGANDate Announced:09/05/2007

/icons/ecblank.gif/icons/ecblank.gifType:Reply to queryReply to Bursa Malaysia's Query Letter - Reference ID ...

补充消息来源：
http://announcements.bursamalaysia.com/EDMS%5Cedmsweb.nsf/LsvAllByID/48256E5D00102DF3482572D6003FFD5E?OpenDocument

原帖由 pHotataT 于 9-5-2007 09:16 PM 发表
追了megan那么久，也抱了好一些票。但有点不是很清楚，mr brahm 的股权少过5%后买卖就不需承报了但为什么mr.yeo的那一点多巴仙股权的买卖都需要承报呢？？希望大大们能为我解答。谢谢

YEO是董事，董事买卖持股得在７天内呈报BURSA。

原帖由 白狐狸 于 9-5-2007 09:21 PM 发表

重组一间公司要多久?三个礼拜？两天？
debt restructuring会suspend trading 或limit trading。 分分钟拿你三个月到九个月的时间。

最迟一个月内我们就可以知道更详细的情形了。根据PN1, 3.2 The listed issuer shall thereafter be required to make periodic announcements on a monthly basis of the current status of the default and the steps taken by the listed issuer to address the default until such time when the default is remedied.

http://www.bursamalaysia.com/website/bm/rules_and_regulations/listing_requirements/downloads/BM_LR_PN01.pdf.

原帖由 北风沙 于 9-5-2007 09:17 PM 发表
之前问过了，目前两条HD-DVD生产线在生产着。。
如果完全生产销售的话，要它破产是可笑的事，在各大厂商转亏为盈的时候，要它反其道而行，是更有趣的事，不过这些基本面的也无谓多谈了。基本面谈不成谈阴谋论有 ...

我想到一句话：

置之于死地而后生

[ 本帖最后由 Mr.Business 于 10-5-2007 09:52 AM 编辑 ]

四伯爽

一开始讲没办法还钱

三天后,又来跟你说"应该是可以还啦, 不过需要多一些时间罢了"

8years

回复一个网友的话：

没有人知道好不好，如果你只想欺骗自己，只想听好不听坏，那没有人可以帮到你，你就慢慢在那里希望。
如果“希望“可以帮到你，那没有话说。但是，只有实事能够帮到你
知错不改，反而欺骗自己，那没有话说。
我从来没有“幸灾乐祸的心态“，我们都在分享大家的分析。
只有改过，那么就不会一错在错。
谢谢。