Thank you. Ta Global underperform the market but Tony himself is buying. Perhaps there is nothing exciting with regard to its dividend as other Reits offer from 5% to 7% dividend?
Last time Tomypak and Mitra shares were unattractive for a long time and tanked. But Insiders were buying. Then suddenly when Tomypak were traded at 40 sen it declared a 4 sen dividend which equalled to 10%. Mitra declared a 10 sen dividend. Tomypak share price then took off to rm4.00 and split(up 1,000%)
Same thing happened to Tn Logis, Kimhin, Yee Lee, Ptaras Jaya and others when shares were not performing and INSIDERS WERE LOADING UP.
SO FOLLOW THE MONEY. IN THIS CASE TONY IS USING HIS OWN MONEY TO BUY TAGB.
SOME DAY SOON I EXPECT TONY TO INCREASE THE DIVIDEND FOR TAGB AND ALSO TA BY PROXY
BY THEN THE MARKET WILL SIT UP. BUT PRICES WON' T BE SO CHEAP LIKE NOE
THE MALAYSIAN MARKET IS NO EFFICIENT DUE TO THE LARGE NUMBERS OF SHORT TERM PUNTERS. THAT'S WHY VALUE STOCKS ARE OFTEN NEGLECTED AND PUMP AND DUMP SCHEMES ARE CHASED UP. THUS VALUE INVESTORS WHO PATIENTLY BUY IN TIMES OF FEAR ARE ALWAYS REWARDED WHEN VALUE FINALLY EMERGE AND COME OUT INTO THE OPEN.
RM342,000,000 profit from TAG's disposal is PER-TAX - below extracted from TA's 2017Q4 accounts: -
A10 Subsequent Events There were no material events subsequent to the end of the current financial year except as disclosed below:- On 10 January 2018, the Group announced that TA Little Bay Pty Limited (“TALB”), a 60.17% owned subsidiary of the Company has completed the disposal of undeveloped land comprising of 8 development lots and 26 house lots with total land area of 98.193.3 square meters (24.26 acres) located at 1406-1408 Anzac Parade, Little Bay, New South Wales, Australia, to Karimbla Properties (No.50) Pty Limited “KPPL”. Total cash amount of AUD245,000,000 (RM774,000,000 equivalent) plus GST was received in consideration of the disposal. The disposal will result in a pre-tax profit of approximately AUD104,000,000 (RM342,000,000 equivalent).
Thank you. This payment was received on 10 Jan 2018. So rm342 millions should be about 6.34 sen profit under Tagb account. And it will also be reflected positively in Ta Enterprize acc.
Investment is at its best when it is most businesslike
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
NoPlayBall
296 posts
Posted by NoPlayBall > 2018-03-07 06:25 | Report Abuse
Sifu Calvin's research reports are always convincing, comes with attractive storyline.
The facts presented are NOT NEW, and have been discussed in the forums for some time.
Could Sifu give some insights why TA Global's share price still does not perform ?
in fact the share price is at 33.5 sen, down from recent high of 37 sen,(feb 23) thank u !