Jibbie, you’re not 100% right. Lots of cash doesn’t mean the stock price up, not like what I’ve analysed as good fundamental. I’d say buy with cautious with this counter, given that it was at 0.9x low before and has appreciated much
Don't know Dato & Datin doing what. Almost every day down. If Dato don't know how to make Datin happy, let me teach him. Cannot every day go down, must stand up.
After the GE 14, the Bursa index have surpass 1,800 and many good stocks of construction sector like Gamuda and CMS have recovered quite a lot already. The Chairman and board of directors have requested the shareholders to approve the share buy back because they believe Gkent is highly undevalued and shareholders have approved it in June. For the past 2 weeks this stock was falling to todate of 1.22. Many investors are wondering why the top management is not taking action to buy back as you have mentioned in your Addendum to the Notice of 67th AGM dated 8June 2018, the rationale of buying back is preserve the fundamental value of the company which in turn have a favourable impact on the share price of the company.
As Putrajaya mulls the options for the East Coast Rail Link (ECRL), Prime Minister Dr Mahathir Mohamad revealed that they have received offers to do it for as low as RM10 billion.
"Some even said they can do the ECRL for RM10 billion instead of RM55 billion. Some are Chinese companies, some are local companies.
"We have to talk with them if there is a possibility of reducing the cost from RM55 billion to RM10 billion. We would be stupid not to accept
Every drop is a bonus.. u are buying about 70% discount from the peak, wat to worry leh? Unless u are aiming for contra play.. then sorry been wash out
gkent water meter business is growing steadily. construction orderbook still big. the price already drop like crazy after GE14. hope budget this year got good news for construction sector
Hold on . Drop more PE become cheaper. Very soon will be in analyst radar when all the WAHHH and AIYOHHH , SIAN AHHH BORING LAH of ERCL and MRT2 quieten down . After sometimes investors and players is immune to above. The dust will settle down.
All this already factor in Gkent price. Then.... you will be glad ... WAHHH I bought way below MARGIN OF SAFETY RM1.50...... someone share right MARGIN OF SAFETY is RM1.50 ?
Well we all know George Kent is a good fundamental company and there is no way the company can close down. As long as the company is still making profit and paying dividend. Don't worry. Just hold or buy more when price drop.
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....
LaksaBoy
353 posts
Posted by LaksaBoy > 2018-08-25 11:51 | Report Abuse
bought 1.27