So much concern on book value and Qtr report which meaningless in price at this point, as investor is concern price is everything. Those keep negatively commented please sell off all your Gkent and put in FD rather than staying spreading negative to all. Company profit also talk bad, lost also talk bad, better dun buy share.
* Support: 1.18 * Resistance: 1.29 * Trend: Overall Bullish with Target at 1.39 * MACD and Stochastic: Bullish Reversal * RSI: Reversal trend * Fundamentally, the dividend has been declared yesterday causing to price to take a dip * Suggestion: Buy on dips with target @ 1.38-39 Range for live update and TP with entry and exit details join my whatsap group pm at 60115 7968095
Based on annual report, Top 300 shares holders with more than 100,000 shares each holding 90% of Gkent share. If company can share buy back the remaining 10%. Then the shares price can go up very high if all the top 300 shares holders don't sell.
Cumulative net outstanding treasury shares as at to-date (units) 6,970,900 Adjusted issued capital after cancellation (no. of shares) (units) 563,269,065
I hope management could buy back all the 10% as soon as possible. So that the 90% with remaining 300 strong share holders.
If 300 shareholders own 90% of the shares and the SBB buys back the remaining 10%, Gkent will not comply with the klse minimum shareholders spread ruling.
Why sell when company still continue making profit for so many years. LRT3 project may delays but next year when Project cost finalist and approve by PH, share should go up. Company share buy back meaning that management has confident with company future.
Gkeny boss said ,u guys throw more ,I will buy back more ...Money is king ..I still have 360m++ to go...I never scare at all.hahah ..Sent on behalf gkent management.
Analysis writre not so good news about Gkent because someone asked them to write so they can buy more with cheaper price. Once they collect enough, they will give very good announcement.
GK was the one buying back this morning it seems - they held the price at 1.28 - but come to think of it... they could have swooped back in when the price was lower after more dumps and force an even close later and saving some.
Based on P/E of construction,Gkent only 5.82. Compare to Gamuda,Ijm,Mrcb all above P/E 15. Based on dividend, 9sen annual is 6.9% at 1.3. The highest compare to the 3.
Some one ask then to write all the bad report with lower TP so they can accumlate more. Analysis can't be trusted. Later when they want to sell they will ask them to write good report with higher TP. They are paid to write.
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....
isupertrader
548 posts
Posted by isupertrader > 2018-09-26 16:26 | Report Abuse
Just buy more and keep