1H rev 5 million increased to 11.4 million in 2H....it has increased exponentially ! 3H .....in Nov shall touch 15mil and 4H 20 million hopefully . It shall see 4 fold increased in a year .....majestic!
Haha! Someone has been accumulating the counter over the past few weeks. Agreed that there still are some stale bulls up to 47sen but these will soon be taken out.
At the moment, the share base is 163 million shares and the major shareholders control about 51% (2012 report). Others with shareholdings around 1 million shares and above account for about 10%. So, the market float is about 60million shares and rapidly decreasing - perhaps 30 to 40 million shares by now.
When the 3rd quarter results are out and the stock is on more investor's radar, I think the share price should spike.
If full year EPS is around 8sen, then 80 sen should be a fair price??!!
SS661M - When a counter is yet to be hot, then PE 10 is quite respectable. I f we are buying at current price, it is then a good TP. Let others catch up with us and see if it breaks 80 sen, haha!!
least expected , it just soars to its height where it should belong to ....exponential earnings , zero debt , comfortable reserves and growth of LED sector will spur to greater heights! not like other peanut stocks , making loss and making 1c also frying up and frying down in rapid succession!
Beware of selling down like the previous one which ran up to 47c and dropped to 39.5c and now pulled back to 47c . Will the history repeat itself again ? If u r making , do take some profit first coz the going up too fast will not sustain long , unless there are very strong buying interest and good results soon! The next quarter will b in Nov , still long way to go......just caution...
The price seems relatively stable between 46 to 47 sen - unlikely that contra players will get slaughtered as a lot of buying yesterday was at 45 - 46 sen.
If the price can stabilise here, then the counter should break 50 sen next week.
Keep in mind that the TPs posted by analysts were TP1 47 sen, TP2 49.5 sen and TP3 51.5 sen which is what everybody is eyeing.
yes contra players will get caught if the going down is more than 5% today! watch out for T2 and T3 , next week will see more corrections if they prefer to unload...rather than keep stock.
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....
leslieroycarter
5,777 posts
Posted by leslieroycarter > 2014-09-18 09:49 | Report Abuse
1H rev 5 million increased to 11.4 million in 2H....it has increased exponentially ! 3H .....in Nov shall touch 15mil and 4H 20 million hopefully . It shall see 4 fold increased in a year .....majestic!