Your TP RM 6 (PER 8.9) is slightly low. I would expect it to trade at 6.8 or PER 10 times.

You can make a comparison of the counters in term of PER.

LTKM - 7.1 ( No debt )
Cab - 8.3 ( high gear )
CCK - 10.5
Farmbes - 13.0
Huat Lai - 7.6 ( extreme high gear )
Layhong - 20.0
Mflour - 12.2
PW - 11.0
Teoseng - 14.3

It's a laggard and playing catch up now. I hope it would announce a corporate exercise such as bonus issue..

Ltkm remains a heavily undervalued company among poultry counters in term of PER. It started to head north after the break through in past 2 days.

Titus. Jtiasa is not really a good company if you look into its performance in the past 2 years.Uncle told us few stories about Jtiasa. At first, he was telling a fantastic story of Jtiasa would enjoy 30% CAG in FFB production for the next 5 years . This statement is not supported with factual. He later said Jtiasa was grossly undervalued by comparing Market value / hectare among its peers. All these gimmicks attracted attention of investors to believe in him. Some more he strongly encouraged investors to buy Jtiass by exploiting margine finance when the price hit 2.6.

Uncle has mentioned clearly to his followers that he treated investment as his personal business. As a businessman what would you do when the business is not doing well? Run or hide head in the sand ?

This is what we called plantation sector due for re-rating. Uncle standby profit generated from selling to ikanbilis and ready to squeeze more oil out from people using margin finance to buy Jtiasa.

RHB is really good at setting target price reflecting the situation of market. The target price is slashed by 40% in 2 months.

Target price:
10 Sep 14 - 1.81
28 Aug 14 - 2.41
3 Jul 14 - 2.95

It has been 2 years since Allan Lim subscribed the right issues at the price 15 cents. He has not enjoyed a good returns from this investment. Currently, He draws a small amount remuneration with less than 250k a year. It seems that his intention is to bring the company to the black.

Leon7. Thanks for your sharing. You know well in property sector. I'm more confident in this penny counter after reading your explanation about the situation of property market. Do you have information about the price of condos in Mont Kiara?

Leon7.
FD with licensed bank + cash = 6,545,000
Short and long term borrowing = 2,302,000
Net = 4,243,000

Is there is a good demand of condos in Mont Kiara? Many are afraid condos over supplied in KL.

Summary of facts:

Total Equity: 47 million
NTA: 18 cents
Net Cash: 4 million
Ordinary shares: 263,900,000
Warrants: 21,819,950 ( 2012/2017 )

Turnover:
30 Jun 14 - 4.3 million
31 Mar 14 - 2.8 million
31 Dec 13 - 0.9 million
30 Sep 13 - 1.4 million
30 Jun 13 - 1.5 million
31 Mar 13 - 1.4 million

Profit / (loss):
30 Jun 14 - 73k
31 Mar 14 - ( 527k )
31 Dec 13 - ( 677k )
30 Sep 13 - ( 137k )
30 Jun 13 - 22k
31 Mar 13 - ( 244k )

- Its operation returns to black on the back of higher turnover.
- 50 million contracts in supplying marble and granite just kick off
- Mont' Kiara project to garner an approximate GDV from RM 500 million (conservative).

Able group is a small cap with 264 million ordinary shares issued. I don't know the exact amount of GDV for its coming Mont Kiara project. The land value 28 million was injected into the company through subscription of Right Issues by new controlling shareholders in year 2012. If we take a reasonable amount GDV 500 million, we can work out the potential profits to be generated from this project. It provides an indication on the relationship between profits and EPS.

Scenario:
1. Net Profit margin 25% - PAT 94 million is equivalent to EPS 36 cents
2. Net Profit margin 20% - PAT 75 million is equivalent to EPS 28 cents
3. Net Profit margin 15% - PAT 56 million is equivalent to EPS 21 cents
4. Net Profit margin 10% - PAT 38 million is equivalent to EPS 14 cents

Currently, the share price is traded at 18 cents. Is it Ablegroup overvalued?

This is another turnaround company with high potential. Share price would shot up once launching its 500 million GDV project in Mont Kiara.

TSH should win in LT but hard to say in ST.

Uncle do charity for poor students and not for the investors in stock market lor..wakaka

I have stand-by 50 load truck to wait BJCorp to break through.

It may stage a rebound tomorrow to trap more long term investors.

Protecting capital is my first priority. I set a cut loss point of 10%.

No doubt it's a good counter in longer term.... few years ahead. We don't even know what would happen to the whole market in next 12 months. I prefer to wait and see since there are a lot of uncertainty in its business outlook.

There are a lot of negative news haunted the company.

1. Earning from property development segment static and bleak outlook in this sector.
2. CPO price dropped to lowest in 5 1/2 years.
3. Risk of changing regulation in Indonesia to cap 30% foreign shareholding in plantation company.
4. Lackluster financial results in last quarter due to foreign exchange loss.
5. Share price slides 25% since peak 4.4
6. Share price breaks moving average 200 days today.
7. Big players may lock profit due to low entry price. There was around 16 million shares traded at 2.4 on 2 Jan 2014

Price rebound before playing another round of sliding game.

LTKM seems attractive while comparing with its peers.

Poultry Industry PER (times):

LTKM - 6.6 ( No debt )
Cab - 7.24 ( high gear )
CCK - 10.25
Farmbes - 12.37
Huat Lai - 6.78 ( extreme high gear )
Layhong - 13.38
Mflour - 11.82
PW - 10.33
Teoseng - 11.75

How much emotion baggage do you carry in investment? wanna a better life? Just write off your investment by disposing it and buy back immediately so that your cost start from 51 cents. wakaka

Possible response of the investors.

51 cents - BJCorp is a conman counter.
60 cents - what a joke! A conman counter also can move up.
70 cents - I can't believe it. BJCorp must be crazy.
80 cents - My god! It seems VT no more conning people.
90 cents - Am I wasting my time to see BJCorp all the way up by 100%
1.00 - BJCorp is a good counter.....I buy

Wakaa

Laughnonstop. We are here just to give some comments based on the facts and figures. These input may not carry weight for their decision making. It's up to them to decide. People like to listen great growth story. People believed that one great supper investor were helping them to make money by driving the share price up. Our comments may not be relevant to them. Many did not know it is just half of the facts presented to them. It common to pay some tuition fee for learning an experience.

Market is full of unpredictable variables. I use my common sense to buy BJCorp on the back of high NTA and nature cycle.

It is simple. I don't buy much so I just cut loss and buy back at much lower price unless BJCorp suffer huge huge loss.

people bought at high high prices could not stand anymore for the past few months. They were complaining, shouting, cursing......final lose hope and disposed it off. It's time to take advantage this situation to make easy money. Wakaaa

My target price is at least 30% above current price. I would collect ticket gradually when the price trending upward. You would be surprised to see huge volume has been building up at this level for the past 3 months. Waiting something to trigger....

Buy at 51 cents got nothing much to lose since the price rebounded slightly from lowest level. Those people who get caught because they buy at much much higher price. Follow the simple nature of cycle up and down is enough to make money from this counter.

FGV' share price attained highest 5.55 since listed on 28 Jun 2012. No sign of price stop sliding.

CIMB's target price 1.95. If you take a discount of 10% and 15%, the price would be between 1.66 and 1.76. Good bargain.

Investors would take this opportunity to lock profit. Plantation segment was the main driving force to trigger re-rating since early 2014 when price stayed at 2.20. Right now, its plantation business is haunted with potential changing regulation in Indonesia and low CPO prices. It's still possible for the price to slide below 3.10.

Uncle have given a lectured on when to buy Mudajaya. He forget to teach folks when to sell or risk management. What if? in case? This is crucial in share investing. haha!

Is this is the lesson to us? ' don't be too cocky no matter who you are. The nature of market force is unpredictable.'

Is it the market return the justice to those people being screwed few months ago?

" Jaya Tiasa has this ability of producing more and more profit in the next 10 years. Now you, especially kk123 & wt222 who has ridiculed me before must go back to study my article “Why I sold R Sawit and SOP to buy Jaya Tiasa”. It is important for those who have not been successful in stock picking must change their old style or mind-set. Kk123 & wt222 must examine your track record to realise how well you have performed before you dare to ridicule me. "

He can transfer the share to his children to save his face. But his followers transfer the money to the bank to save from bankruptcy for buying through margin finance that strongly encouraged by him.

Debt level has gradually climbed to 800 million again. This is a rising trend as it needs 68 million to complete the mill factory. They may need more money even after collecting 338 million from right issue in year 2012.

It could be a good decision to let it go. You would properly buy at much cheap price in future so long as you got bullets.

It seems that works on full commissioning will only be started after 1H 2015. It could take more than a year from now making everything in orderly manner before selling power.

High chance it would break 2.18 and marching to 1.84 in short term unless it can secure more large project.

matakuda. agreed with your rationale behind.

Don't get too emotional. Emotional won't help us much in making money from the stock market.

Imagine you were part of Umnoputra, this Mudajay's close friend keep criticizing government. What would you do? This is human nature lor.

We are trying to figure out what went wrong by having an open discussion. What lesson can we learned from this Mudajaya and how to make a better decision in future. Don't be too sensitive. We are not pointing at someone. We can't keep silent just because one is a savvy investor.

matakuda. I am not sure whether he is a liar or not. I just knew he was misleading others without proper assessment of the figures before dishing out and having a full force promotion.

Knife storm. Big players pare down its shareholding to reduce the exposure.

Historical record cannot lie. A fantasy story of 5 years 30% CAGR in FFB production to lure his followers to the slaughtering house.

Smart people are laughing all the way to banks. Its followers are crying all the way to the bank after receiving margin call.