ok guy diehard fan of SMRT me respect u guys...last time when I say overprice someone got very annoyed. Very sorry man I know u love your stock holdings.. Well today I give u a tip. I dig through SMRT last year before it rampup ( during CUCMS buy) read through the document (well me lousy cincai readlah) and YES this one stock good can go 50% up. And if SMRT do ONE important thing which is to built its own medical Uni campus at Putrajaya rather than renting now the profit will shoot up even factoring the cost of new campus. I don't know what SMRT gameplan is.If you see indication plan is in place to leaverage on campus used and shifting to MEGB there will likely means more profit to SMRT on condition if new premises cost is much lower than the present Campus. I don't see any move in this direction so far so I am cautious of SMRT price in the medium term. Caveat, Pls do due diligence before commiting to buy or sell info given is from a 1/2 pass six analyst who like to read rubbish.
Even if there is any good news being announced but this kind of mgmt attitude already makes investors lose in confidence of their company. It is very hard for the price to move up above 0.60
There are thousands stocks in klse Why closed this One? Hahaa
"Alpha Trader investors should look beyond 2014 la, might be a good buying opportunity if it cross below 53 tomorrow, a bad call from me though, didnt know they were so aggresive, maybe they were taking chance to impair those assets given the weakness in share price
Optimusprime, lets be fair,no one gets his call 100% correct! If u make 6 right calls out of 10, u are comfortable. 7 right calls out of 10, u are good. 8 right calls u are excellent!!
Warren Buffet made mistakes too eg Tesco. Lost a billion there, yet his co makes billions last year. As long as u make more right calls than wrong ones u are ok!
"Posted by themazetrader > Latest Earnings Updates : SMRT (0.56) Net Profit : -1.634m Revenue : +31,539m Net Asset per share : +34.8 sen EPS : -0.66 sen
it is a paper loss...no need to worry...people rush to sell as they don't have any idea on what is happening....just hold for couple of months...will come back as the dust settles down
they purposely push up the price to the support line before close off the day, the same tactic has been repeating N times for the past few weeks If u have observating it. Don't be silly man. Bollywood bubble show already bursting 50% and yet u still putting hope here?
OK. just read the quarterly report. I still remember when the time I bought SKPRES two weeks before its result out. The reason was because of Gan director keep buying that time, new plant starting to operate, and it's kawan VS (that time RM1.20) also posted a pretty good result at that period. The day when the result out, hollyhit! big declined in profit, next trading day I cut lost and sold at RM0.32. And then the next quarter again, the profit continue to dipped more, that time I was thinking I am smart...but finally I realized I am the most stupid one, stupid in sense that "everyone make money from that counter, but mine was loses".
SMRT result bad? I sure that you never download and open it to read. In fact, it still can generate cash from its operation, debt decreased, current ratio increase (of course, also got something that I don't like)... Buy 23% shares from MEGB, sell its asset, pay debt and rent it, OK what? they doing human resource, training and education right? or it is a REIT counter? haha...
I not saying that SMRT will 100% earn, but I know what I am doing now, which is investment. But I am very comfortable to hold an education counter like this, monitor every steps from the company, and then base on the face to make decision for short term manipulation and long term investment, for 1 to 3 years also no problem.
(i) Proposed acquisition of MEGB and proposed private placement was approved without any dissent
(ii) Dr. Palan mentioned that on the transfer to main board may be at the earliest in 6 months time but more conservatively by year end
(iii) Remains confident that MEGB will turn be back to black by end of this financial year.
(iv) For FY2016 SMRT is expected to make a quantum leap in profits and FY2015 is about fixing MEGB to put it in a better state in the future
(v) Will put in place good management and restore MEGB's reputation and hopefully boost the students intake by focusing on quality rather than quantity of students. Additionally, SMRT will seek to improve the media perception of MEGB and focus on AMU's branding instead
(vi) Will seek to generate some returns to SMRT on MEGB's investment by paying dividends upstream from MEGB to SMRT when asset light activities materialise (i.e. proposed sale and leaseback of campus)
(vii) Private placement will likely happen between 52 to 54 sen, subject to negotiations but unlikely to be the full allowable 10% discount to 5-day VWAP
Overall, nothing out of the ordinary. Proposed placement will occur by end of March and hopefully this whole pressing down of prices will fade away and positive newsflows will materialise the coming months.
TomyamGong, suggest you spend a little more time on their latest quarterly results.
(i) The big impairment charges of RM1.5 million which they took in the fourth quarter was substantial BUT it is NON-CASH in nature. Impairment charges may be a tactic to make earnings looks depressed so share prices can be depressed temporarily and allow strategic shareholders to enter at attractive prices (ii)Their revenue in FY2014 more than doubled to RM120 million from RM52 million in FY2013. (iii) Cash flow from operations went up almost 4x from RM3 million (FY2013) to RM10.5 million (FY2014) . Overall cash position went up from RM3 million (FY2013) to RM16.7 million(FY2014) (iv) Admin expenses appeared to have ballooned from RM11.6 million (FY2013) to RM32 million (FY2014). However, they did mention that expenses moving forward post-MEGB acquisition may decline do to share services synergies. This would immediately improve bottomline figures.
Don't think your theory will hold water especially if SMRT can stop the losses which MEGB is making in the coming quarters. At best, the acquisition is neutral in terms of value creation. Even if MEGB makes losses, the impact on SMRT's books are minimal as they own 23% of the company and the share of losses will only appear as a one liner item in SMRT's results and not consolidated.
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....
TomyamGong
4,156 posts
Posted by TomyamGong > 2015-03-02 21:26 | Report Abuse
Market is bad. Smrt even worst. God bless u all. Hahaha