net asset per share 0.95 is under value seen value to buy , but i have seen back this stock 15 year and more record all the the time is under value even in the time economy rise up is still the same . my final decision for this stock no to me .
Imago is a fantastic development but not yet profitable. The company owns the whole mall so the main expenses shouldn't be that high. The interest expense for the whole company is 30m or so but how come rental income of 40-50m still incurred loss.
I observe there are more cars into the mall than car park available. In few years to come there should be no competition can challenge imago.
Management indicates are going to raise car park fees. I think it's totally wrong. They should partition the car parks and charge more for premium ones.
However I think 16c is the bottom, even if it takes few years to get to 50c is still a good investment.
@supersaiyan3,how you find loss figure? As long as the rental income can cover operational expenses and interest expenses, the company wouldn't loss money...
I agree with that this company's share price is undervalued... Retain earning is 4 times of share price. So I would think that the price should be around RM4...Is my concept right?
hmmmmm...My calculation is like: if tomorrow this company closed, then sell off all assets, pay off liabilities, the rest share equally to all shareholder, then is RM4...
But how you get that RM0.95/share? Ajar saya Abang..hehe~
its about sector. Property sector in KLSE is weak. Malaysia properties are cheap. Malaysia economy is good. Malaysian citizens are richer and richer. Healthy inflation. everyone driving expensive cars but cant afford to buy houses? dont make me laugh. when properties sector is back. RM1 is easy peasy. buy when its cheap . not when its expensive. its about Risk VS Reward. what is risk of you losing 50% here? what is risk of you winning 50% here? 100% here? 200%? 300% here? i wont be suprised if you make 500% from this counter
Found something interested in THE BUSY WEEKLY pg ZB5.
1. Management won't discount any possibility to list IMAGO MALL as REIT.
2. Comparison between ATRIUM REIT and IMAGO, the former total assets only stood at RM243mil, latest closing price RM1.10 equal to market capital RM134mil. The latter, total investment properties RM1.27BIL, which is 5 times larger than ATRIUM. Therefore, ASIAPAC should priced at least RM0.60~RM0.70 per share.
3. Ongoing property development Fortune Centra would have handsome profit margin because land bought in the year 1988 at RM135/sf and the current value at RM700/sf.
Wa Wonderfull value . Seem now buy a share worth 1 ringgit at lowest 14. 5 sen only Seem this is the best . Better than ksl and tropicana Good sharing Thanks and all the best
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....
investorwannabe
455 posts
Posted by investorwannabe > 2017-11-01 11:10 | Report Abuse
lost rm 30k in this shitty stock. argh!!!