Really happy that I bought on Friday morning with a handsome 15% gain
n2n is a low risk play because u have the potential buyout to cushion whatever loss you will incur in the short term. In the medium term, the AFE acquisition adds to the earnings substantially and revaluation can happen whenever the firm gets market attention. It's less than 500mil market cap, easy to pump!!
Revenue boost in 1 single quarter = RM20mil. Full year could well be RM80mil. In other words, n2n was acquired on little more than 1 times revenue! (Price/revenue only around 1!)
If this quarter's EPS is of any guide (RM2.00), conservatively this year's result could be around RM8. Assigning a conservative PE of 15x and net assets of RM0.20 per share (discounted as on the report it's RM0.40) you are looking at a RM1.10 firm at least, at its absolutely worst case scenario.
I just read public bank report, when this stock is dead TP is RM1.08, now flying they revise to RM0.92? Don understand what's the reason, is there any hidden motive behind? Lol
when i first saw n2n roe, i said tak boleh pakai la, cash a lot but dunno how to use?
then they acquire subsi, said can help in cost management. I was skeptical, also see share price didn't move much. In fact today's volume can cover the whole previous quarter i guess?
then boom, 5% ROE in one quarter. I dunno la, i also hantam. Avg price 0.865.
10% parking here. hope got durian next year when i come back.
Honestly it definitely should much more higher than current price, easily more than RM1, but seems the big players not keen to push it up, wondering why
@Lee Yih Yeong..i have heard from a close insxxder who said the exactly same thing as you saud, the co is very profitable, cash rich, buy back own stocks heavily previoysly to support stock price, in 2017, it reverse and let it drop slowly and no intfntion to do anything as the BOD have indicated to privatise KLSE n relist in HongKong..80 cents with 20% premium..let WA wxpired, earn all moneys in KLSE from ikan bilis and make huge moneys themselves in HK in years to come...business still make money, revaluation in HK listing plus future price to make them billionair...possible?????
If today price remains up to 1.00 and continue up trends as the Owner promises before of 2 times above 2.50 previous highest, then the above insxxder news may not be true at all, otherwise please analyse their movement to reveal this Evil Motives
N2N have been saying about being an Asian trading hub for quite some years already. I doubt it can be realised within this 5 years. High turnovers within the company(not due to stress but due to stupid decisions by high management), staff morale is low and they're not even close to having a trading platform that meets the requirement in HK yet.
Yet the stupid boss still try to find money to privatise it cheap cheap from Bursa n want to kill all small investors in order for him to earn giant profit in HK by listing in HK..all warrant buyers are dead soon...becoming toilet paper..see lar...if he now feels to stay in Bursa, then 1.60 anytime
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....
Unicorn
768 posts
Posted by Unicorn > 2017-08-28 09:23 | Report Abuse
OK lo.. Is expected. Good to invest until next QR.