If earnings this quarter can be maintained at around 2.5 sen a share, should have no problem reaching 90 sen at end of month., provided also the world markets remain stable.
As an analyst, I think that this stock is fundamentally strong but does not have the sufficient volume to take off. I am monitoring it for a while, it should be pretty interesting as it has been stagnant for some time..
The Board of Directors of M-Mode Berhad ("Company") is pleased to propose a final tax exempt dividend of 0.50 Sen per ordinary share of RM0.10 each in respect of the financial year ended 31 December 2013 for the approval of the shareholders at the forthcoming Company's Tenth Annual General Meeting.
The proposed entitlement and payment dates for the final tax exempt dividend shall be determined at a later date and announced accordingly.
cash rich but profit crash to ashes, high depreciation and amortisation( non cash) of RM4.57m and sudden spike in income tax expenses of RM 1.97m substantially reduce profit
Sales jumped, profit fell, share volume spiked up, price down signalling amajor island reversal, support line at .64 succumbed with ease. Run as fast as you can else see you at .535 and a further downward spiral.
many people waiting this counter drop more and buy it? why ya? how to know it will drop until the price cheaper and cheaper?for me buy at uptrend is better buy at downtrend..buy high and sell high. at my opinion is counter no bad,this few year never disappointed me..Happy trading (^v^)
MMODE— It breaks below $0.65 today with a big falling window indicate stage 3 of the cycle is over and starting its stage 4 of the cycle. This is the stage we traders avoid at all costs.Today it hit a low of $0.58 and whether this is the new bottom yet to be proven, the next support is at $0.54. Any rebound should find strong resistance at the “gap resistance’ of $0.63/$0.65.
My reading on its results : Mmode must have been too confident it will again get the pioneer status for tax exemption (where it has enjoyed in past years)..now it still didnt get it after waited for a year and has to make full year tax provision in Q4, shocked some shareholders to dump. Shall return to stability once the matter is made clearer,,just dont understand why the company never explain in its announcement.
Why so confident on mmode? The company will no longer enjoy the tax exempted privilege on their profit... future profit will shrink...still worth to invest?
limbo rock and limbo lower now, next TP is 0.535 and if breaks see you at 0.41 soon. Extrapolating its 4Q13 EPS, its PE is well over 53X, overvalued compared to its NTA of .36
surprising people still buy at 0.56....as i dun c any promising value / return from this stock after the announcement of last quarter result...it will be tough business....
mmode is the good company. When u decided to buy it then u must confident about the performance of this company. I believe mmode can do it. I will continuously buy it.
i will buy when it touch .40. It you think you CAN! You CAN! be POSITIVE! After the Long COLD Night! The SUN will definitely RISE! ganbatte!!! that is what Japanese said.......
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Posted by Wave_Ng > 2013-12-31 13:34 | Report Abuse
Is this counter worth to keep? Anyone can provide FA?