My average price is 0.743. Even higher than yours @Cooljay. Lol. However, I am quite confident with the positive catalysts (Buysolar platform, CRM and SmartCIT solutions) reported by The Edge recently which were believed to increase the company's growth by 30% for the next 3 to 5 years. Assume that the company can increase 20% on their 2019 revenue, the projected revenue for FY2020 is RM 123445000. Assume that the NP margin is 10%, the NP would be 12344500. The NOSH is 298 million, which would yield projected EPS of 4 sen each. Assume the projected P/E stays the same (20X), its intrinsic value would be around RM 0.8. So, I think the current decline of the share price is scary, but it would not fundamentally destroyed the prospect of this company. :)
I did not average down as I did not know how far it will drop. Normally I will buy more to average down when it rebounds. It might not be a smart move, but it would prevent me from compounding my losses if I made a mistake in valuing this stock.
from my past experience grabbing a falling knife is never a good idea.....that's what most ppl do that....many who do that means its not a good strategy......just saying......maybe you are the lucky few.....lol
@xuxu me start accumulating hehe 25/06/2020 11:44 AM
i see.. it says dividen ex date 29 June, so I'm not entitled for the dividend today right if I buy? If i bought before and sell today on ex date, am i still entitled? @xuxu
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....
xuxu
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Posted by xuxu > 2020-06-25 15:51 | Report Abuse
expected uptrend next week bought 0.695, down more buy again