Previously with higher NTA and better EPS, the price is low; current low NTA should translate to lower price as EPS not really impressive. Anyway, that is so call market. Shall return later.
this is a punter"s stock!! when it will go up or down is anybody's guess. It has good fundamentals but it will take some time for its assets to be monetized. Before that time comes, it will be pushed up and down thro' many cycles!! Current qtr is no good as far as its core property business is concerned. It is loss. Its gain is only due to a one time gain in asset sales!!
WHERE EARTH ALL THE MONEY GONE < WHOLE MARKET LEAK OF LIQUIDITY , CURRENT MARKET LIKE A CROCODILE FARM , ALL STATIC < WAITING VICTIM , ONCE NOT CONSCIOUS < BE A VICTIM INSTEAD , HARD EARN REALLY .
I just checked the QR. The Equity to Shareholder is RM1059m (as at 30/06/2017) so i divide this by 2929m shares and the implied NBV per share is RM0.36.
The current share price of RM0.22 is implying 39% discount to NBV. This is a smaller discount compared to last year. The reason cited from friends above is due to recent Rights Issue at very low price.
If share no power, there is no point keep looking at NTA. Look steel company, they have high NTA asset, but due to losing profit every year, their share price is worst. NO point.
Lets see MYEG share, their NTA is superb low, see how their price flys....
Not likely to go up much ,as long as Mayland is still not yet accumulated about 500 million shares from open market through her proxy accounts in order to raise her stake above 50 % and becomes controlling shareholder....
Sincere speak , MY GROUP IS AIM THE BIG STAKE , EXISTING GROUP < MAYLAND need to hard fight , DRAGON TIGER FIGHT PHENOMENA , NOT LAST MINUTE , THE WINNER STILL HARD TO TELL .
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....
i3investorLife
32 posts
Posted by i3investorLife > 2017-08-28 22:40 | Report Abuse
Nice result.. Hope I'm not too late to grab some tomorrow morning