Lim , just hold on the WB...look at Gadang WA around 30-40c for quit a long time...once positive news come, it shoot up to RM 1.08... I m confidence that Symlife Wb will do so as well,just continue to buy during weakness, the potential gain is more than 100%...
Gadang - more contract awarded, depending on principal to give contract Symlife - more project developed...own landbank to develop and generate income..
Don't be concerned with the lower unbilled sales. It is simply because of the delay in getting advertising permit delaying their launches for TWY(GDV RM 400m) and Elevia (GDV RM 120m). These 2 projects had very high booking. Go check for yourselves. Once permit is obtained and sales recognised, you will see unbilled sales shoot up. They have mentioned that in their announcement, will happen in H1 FY 2015( next 6 months). Very strong pipeline as well. Growth momentum will continue for a few years underpinned by a strong balance sheet. You can already see how their projects will unfold in the next few years ( from their announcements) to hit Tan Sri's target of Rm 1 B annual sales....this stock will go very far...
Yes Ben I have read all the announcements. This is a long term stock but mkts are very volatile. Perhaps the company needs to do more PR work for fund managers to invest in this stock. 4 sen dividend is a good start. This stock needs a good write up, perhaps from RHB research are the movers and shakers of undervalued stocks like GOB.
Symlife has not made any major moves as yet and there is major potential upside. So hang in there for a while. Load up only when there is major mkt weakness or when it there is a breakout
Total borrowings reduced, cash increased. That's good. I agree with BenGraham. They have mention in the previous notes that difficulty to get advertising permit had delayed their launches for TWY and Elevia. These to projects will contribute to Q1 and Q2 FY15. For Q3 onwards, additional revenue will be coming from the Sabah and Kelantan's projects. The increased dividend from 3 cents to 4 cents shows that their cashflow is getting better.
Symlife used to have big baggage in term of huge borrowings, but at current level it is manageable. Going forward, it is interesting to see their progress since their product mix consist of from mid to high end, and they have projects in Klang Valley and Selangor, where demands are good.
Current share price is in the consolidation mode. Once it breaks the resistance, it will move close to is NAV.
warrant 40% premium mah. However if one can't see someone is collecting the WB, one should just sell. eye sore seeing the cry baby daily. If he dont sell , susah to go up mah! kekekekekekek
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....
Ring
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Posted by Ring > 2014-05-29 19:49 | Report Abuse
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