What happened to Special Bumi issue of 21.1 million new shares? Only issued 732,500 @ RM0.95 on 12 Jul but announcement on 26 Oct said they have now complied with Bumi Equity condition and Special issue is now completed.
Good news , I guess. Maybe can give Bonus Issue to all shareholders instead :)
1n1792, to be frank, I have sold all my shares to buy JHM. I'm buying more now. The share is deeply undervalued and i hope you can earn good return if you choose to listen to my advice to buy more now.
Fundamentally JHM should trade at forecast PE of 15 to 22 as it is a growth stock. On this basis the TP would be $2.25 - $3.30. In June I forecast that JHM would hit $2 by mid January. Look like its on its way. As JHM is in export business, the lower exchange rate would favour JHM. The risk however, is the order from US and the imminent Trump's import protection policy. Unlike last year, JHM did not disclosed its order from overseas for 2017/18 year.
I don't have any news at this moment from JHM...will keep update you all. as far as i know, Bonus shares still under discussion and switch to main board will push to Dec/2017.
I don't have enough pullet at this moment....my $$ some parked in mycron and good quarter result out just now. Mycron and JHM is my long term counter to be considered.
5950, this is a non-brainer question. He has mentioned near term will go up to RM2. Why not? I believe the price will be at least 2.15 by the end of this year.
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....
Kapster
51 posts
Posted by Kapster > 2016-11-25 08:54 | Report Abuse
what kind of aerospace business are we talking here? from MAS?