down 14cts, brace for waterfall guys
pray epf will come to rescue

another 20 to 30 cts down on monday

brace for waterfall

down 30cts
start of a waterfall trend?

TNB has few billions cash in bank. likely, will be used to buyout IMDB power assets though at high price. There goes the cash...

Panicky fund managers running to the exits

Price go back to below 10?

why sc reject takeover by yu

price down, sos to jibby

imdb to rescue malakof

1.64/1.65

down almost 10% from ipo price in 3 days

1.65/1.66

1.66/1.67

titanic sinks fast

1.67/1.68

1.69/1.70

1.71/1.72

all panicky

will look at this stock at PE 15

1.76/1.77

morning trend, looks like got some hope

Check total debts. Read in today paper rm15b
not sure after ipo or bfore
most profit goes to service bank interest

KAF-Seagroatt (Fundamental: 1.45/3, Valuation: 2.0/3) is primarily a standalone stockbroking company — one of the few left in Malaysia. Prudently managed, cash-rich and severely undervalued, it is also shaping out as an attractive potential merger and acquisition (M&A) candidate.

KAF-Seagroatt has a solid debt-free balance with net cash of RM156.0 million, equivalent to RM1.30 per share or a whopping 75.6% of its market capitalisation. With enterprise value (EV) of RM56.3 million and EBITDA of RM19.6 million in FYMay2014, EV/EBITDA stood at 2.9 times.

At RM1.72, the stock currently trades at 0.84 times its book value of RM2.04 per share, but its assets are also steeply undervalued.

The crown jewel is a prime 0.79-acre land at Changkat Kia Peng, near Kuala Lumpur’s Bukit Bintang area. The land was carried at RM5.7 million but was valued at RM82.0 million in an internal asset transfer exercise in 2013. This translates into a revaluation gain of RM76.3 million or RM0.64 per share.

For 9M2015, its operating revenue fell 19.3% y-o-y to RM30.7 million, due to lower brokerage income and asset management fees. Hit by lower operating revenue and unrealised mark-to-market gain of financial assets, net profit plunged 63.2% y-o-y to RM5.0 million. The trailing 12-month P/E is 32.4 times, but stockbroking companies are subject to volatile market conditions and earnings.

With heightened competition among the stockbrokers, it may eventually prove difficult to stand alone. Recent years have seen numerous M&A activities in the industry, with valuations ranging from 1.3 times book for Hwang-DBS ( Financial Dashboard) to 1.77 times book for OSK Investment Bank ( Financial Dashboard).

Its shares, however, are tightly held and fairly illiquid with founder Datuk Khatijah and her family holding a 73.33% stake.

KAF-Seagroatt pays dividends consistently, with 7.5 sen per share paid in FY14, giving a decent yield of 4.4%. An interim dividend of 10 sen per share went ex last Friday and will be payable on 21 May 2015.

1.78/1.79

first 2 weeks, ipo bankers will help to stabilise price

I agree with all the bankers, below 1.80
just sit and wait..and watch



Posted by goldenshares > May 15, 2015 03:29 PM | Report Abuse

Target Price update :

Alliance : 1.75
Hong Leong : 1.85
Affin : 1.60
AMMB : 1.75

down to 1.78 once the 1.79 cleared

don't listen to silly rumour, a bankrupt person cant be a director

read the result, have to give discount for existing contract signed

expect profit down whole of this year

PE 21, I wont touch

Malakoff PE 21 times vs tnb 12

thanks all fund managers and retailers for support

news in edge, undervalue stock
another false alarm?

something brewing seriously

first high dividend, now flying up

nobody will touch this stock for nothing

this time is for real

pricey ipo, silly subscribers

keep dreaming all the times

profit down 40%, just the beginning, the worst is yet to come

price will soon go down and down

if is good news, insiders would have makan all the shares

as long as oil price on the uptrend, there is hope for spacky counters

no good oil field is cheap whether oil price is at usd 50 or 60

oil price kept going up wti usd 61+/ brent usd 68+

oil price keep surging up, bullish. the high for 2015 so far
wti usd 60.71 / brent usd 67.59

dont think credit suisse accumulation is anything but a calculated investment
the bank also accumulate cliq that in process of acquiring a kazak oil field

oil prices continue surging wti usd59+/ brent 66+

if you buy at 0.425, you cant go wrong, guaranteed 48cts if no QA but if secured a good QA, the upside is unspeakable. you dont need to be a rocket scientis to understand that

now, the oil price is recovering, the upside can be good if can get QA soonest possible. but anything good is not cheap and not easy to acquire

oil price still strongly up wti usd 58+/brent usd 64+

looks like oil price uptrend will continue, maybe around USD70 to USD80 by year end

no excitement

oil price up wti usd 58+/brent usd 64+

so far, both cliq and sona management are equally bad
share price of both counters are neither here nor there at bottom pits

now, credit suisse started buying sona and sell cliq

good buying support at 0.425, likely to be from credit suisse

without credit suisse support and accumulation, the stock would have kaput dy

up 9 cts to 1.79

dividend yield is 5.5% for interim div plus assuming final div is 7.5ct, another 4.1%

total yield is 9.6%, more than double FD rates

result to date is bad VS last year but interim dividend of 10 cts is good
no corporate dev. just take the dividend lor, still good %

plus final dividend at year end is expected, maybe 7.5 cts? wow wow

good assets, not easy to acquire & neither is cheap
Shell takeover BP at 50% premium market price then is a good eg

don't worry, all have only one year plus of suffering to go, either die die or survive
all depends on the wisdom of the so called "best spacky management"

wti 57.64/ brent 63.24

those bought in the morning, all kena trapped liao

another sleepy spacky counter
shell takeover BG at 50% premium
nothing is cheap though oil price is low

wti 58.18/brent 64.21

looks like overprice though oil price is low vs last year

but not easy to buy cheap, few seller, unless sellers are desperate for cash

hard to find good QA at good price