YTL Corp-More Pre-push than Post Push

Today the 26 th of April saw YTL Corp(YTL) go ex-share split. There was some numerological placing looking at the favoured heavenly number of RM1.68 before the start of trading. Pre-trading also saw it pushed down by weak sellers to RM1.62. Then buying pressure came in to push  the price to RM1.75. I think this is another marker that they wanted established.

With that  done, they let the market the free-play to trade. Many saw profits as there was a pre-push of 17 sen yesterday when the shares were cum. So they sold. Right now on heavy volume of 1,730,000 shares it is trading at RM1.66 for a 7 sen gain.

As today is the first day of its ex, I think YTL will conduct a mopping up operation to buy up all those weak buyers off the trading radar before the 'real' price of the market can be fathom.Also Treasury buying may come in sometime today or tomorrow.

My best guess is it will yoyo all day before settling down at possibly RM1.68.
(PS: How true! It settled at RM1.68 when the last purchase was 20,000 shares clinching a 9 sen gain for the day. Now let us watch the RM1.75 marker tomorrow.)

I think many who made money has left. After all tomorrow is another day....

Those who are holding will likely be long term investors and institutional buyers.

So what is in store?

This, we should ask Francis as he said his shares are undervalued. At the current price, it is still lower than the original 2010 peak price of RM8.60

Looking at the further horizons, I think cash rich YTL may be in for some strategic acquisition.

If not, I am sure a bonus issue may be somewhere in the pipeline or a capital repayment,perhaps?

YTL Corp-The Eleventh Hour

Before trading this morning, there was a hidden hand fixing the price upwards. Just when the bell rang for trading, YTL Corp (YTL)'s price went up 20 sen and before you knew it, YTL was trading up to RM8.05.

That was the marker price they wanted to show for the day. After that genuine traders came in. As it was the last day cum trading before YTL goes ex-share split tomorrow, not many sellers sold down except those that had already made profit the last week or so.

Buying during the last 30 minutes was mostly buy-ups, taking off the  sellers at RM7.99. The final count was 1,853,600 shares done and the counter ended with a 17 sen gain.

At an easy to calculate price of RM8.00, that would mean the theoretical ex-price is RM1.60 tomorrow.

Will we see handsome premiums tomorrow?

Let us watch YTL's new price trajectory tomorrow (26 April 2011)