the company has load of cash and shareholders are in their late years. what do you think will happen? this company will be attractive to raiders. hence, day trading as short term measure. and long term, will have to wait and see what they plan to use the cash for.
Write to SECURITY COMMISSION (SC) to make a complaint why BURSA MALAYSIA the simply issued UMA to a good track record company which is Malaysia 107 years old company.
Nobody going to know how far be dropping because it is all depend on market sentiment. If without support, I believe it will drop below RM2.50.
If that happen, many investors can buy so many units CHEAPLY.
But Tahps no more Water Face, a company making profit more than 200% plus a dividend issued, price dropping like hell, bad bad bad image for this company. There dropping freely down good for all investors can buy lots of shares so cheap. It is like cheap sale discounted to 90%.
Of couse, every INVESTORS looking for good company with cheap price.
Many good companies once announced high DIVIDEND, very certain the share price shooting up up up for INVESTORS buying big volume to lock up DIVIDEND entitlement.
But for Taphs is acting strangely for price downward.
For any company issuing good profit and dividend and share price unable move forward but Dwindling down is Extremely Bad Luck and Bad Omen for this company.
Ppl, pls run out from this share... lets see how simctgal can handle it... he sounds overconfident and over estimated on his calculation... Dont get fool by him, Investor!
<<<<A good candidate for a privatization exercise with dividend yield 4.7%. >>>> -Issued & Paid-Up Share Capital RM74,853,000 (74,853,000 ordinary shares of RM1.00 each)
It appears to be a good candidate for a privatization exercise based on prevailing valuations due to :
-Very illiquid counter but very solid company. Therefore, well positioned to pursue value accretive acquisitions or return more cash to shareholders or it could be a potential privatization candidate.
-Undemanding valuation with strong netcash position, netcash is around Rm134,133,000 as at 31 March 2015.
-Netcash per share is around Rm1.79, accounted for 26% of its current share price.
-It holds land bought at low prices.
-Proposed a first and final single tier dividend of 32 sen per share in respect of the financial year ended 31 March 2015, share price should be supported by dividend yield ^4.7%^.
TAHPS owns ****353acres of freehold vacant land**** in Bandar Bukit Puchong, Puchong, Selangor since 1993. Currently net book value of the 353acres land showed at financial year ended 31 March 2014 is Rm 63,439,000. It sits on the balance sheet or book value at RM179,717 per acre or at Rm 4.12 per sq ft. According by valuers, the market value for the above vacant land currently is worth between Rm60 to Rm120 per sq ft or between RM2,613,600 to RM5,227,200 per acre.
This shows that TAHPSs ~353acres of prime landbank in Bandar Bukit Puchong, Puchong worth between RM922,600,800 to Rm1,845,201,600.
It sees deep underlying value in the company as its 353acres of freehold vacant land already could worth at least RM RM922,600,800 or RM12.33 per share with issued and paid-up capital Rm74,853,000. (74,853,000 ordinary shares of Rm1 each).
TAHPS is an asset play. The company’s balance sheet and operating cash flows are healthy, solid and with zero borrowings . Though there is no dividend policy but the payout does seem attractive currently. Expects a DPS of 32sen to be announced soon.
A potential privatisation candidates with a net yield of 4.6% at the prevailing price of Rm6.90. Declared DPS of 32sen per share single tier tax exempt , ex-date will be 4/8/15. The stock is in an uptrend with support at Rm6.80 to Rm7.00.
AYER Holdings Bhd, which has undergone a rebranding exercise from TAHPS Group Bhd, is in the midst of restructuring its master plan for Bukit Puchong.
The group will be looking at launching landed and non-landed properties this year, while also working on adding recreational, education and healthcare components to enhance the value of their township.
Wow...I never thought I could get shares of the famous Ayer Hitam Planting Syndicate(which hit $60 in the go-go 1990s) for below $4.60, a full 20% BELOW my entry in end-2013 of $5.6533 average, which I eventually sold from 6+ all the way up to $9.20 after collecting a 35c dividend.
This company share still overpriced, PE at ~25, divdend also decreased significantly compared to last few years, decreased from around 30sen to now 5sen.
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....
thefarside
60 posts
Posted by thefarside > 2014-06-09 12:41 | Report Abuse
the company has load of cash and shareholders are in their late years. what do you think will happen? this company will be attractive to raiders. hence, day trading as short term measure. and long term, will have to wait and see what they plan to use the cash for.