Hi friends, there a undervalued and undiscovered property counter, LBI Cap with high EPS of approximately 10 cents, increasing by 100 %, announced last quarter only and there are two property projects to be launched this year !! Furthermore, a main director keep buying a lot of the shares at around RM1.45 to 1.55 in the past one month. There will be ab interim dividend of 5 cents ex on 3 Nov 2014. Recommendation and good investment !
Don't rush in! The problem with Mega First for investors is you see for yourself: even after making 33 cents per share for last year, the company only pays out 7.5 cents as annual dividends. That is why it stays around RM 2 dollar something. Nobody wants to keep this share for long-term investment because dividends payout is too low. Now it may go up, later on it will come down. It is like in a lake, the bird is waiting to eat the fish, and the water snake is waiting in the lake to eat the bird. So, don't be the bird. NOTHING COMES FREE IN LIFE! Someone is helping the snake to yell out to the bird, come come come, there is something of good value and nobody has discovered it but they have to yell out to you. This is rubbish! Nomal person usually keep quiet and the good news to himself. Somebody want to prop up the shares to dump his shares.
MFCB is a good stock for long term. The sudden spurt yesterday was caused by PublicInvest's bullish Target Price of RM3.85.
Will MFCB go to RM3.85? Calvin think it is highly possible. It takes time only.
However, it has been chased up suddenly by the Market. Calvin has been telling people to buy MFCB when it ranges between RM2.22 to RM2.27 for a long time. Of course Calvin's voice fell on deaf ears. PublicInvest is more authoritative. So they followed.
And by so doing they have broken Calvin's Rule No. 2
NEVER CHASE A GOOD SHARE AFTER IT HAS SUDDENLY GONE UP A LOT
Why?
Because Stale Bulls of Yesteryears will take this opportunity to sell. Unless?
Unless a Big Fund like Eastspring Invest take position. Then like BJ Auto MFCB will go up with power. In any case MFCB is a good counter.
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....
ccs999
674 posts
Posted by ccs999 > 2014-09-30 13:07 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1751857