Leno Go for SENDAI leh, SENDAI really PANLAI...Moving now. PMC = Tan Chin Ku leh Still wanna Tan Chin Kuu listening to "tick tock - tick tock - tick tock and ... to pass your valuable investment time?? Ever heard of the opportunity cost of invested capital resulting from tan chin kuu..ing !!"HAHAHAHAHAHAHA
Where is the UPTREND for PMC? NO UPTREND, It is still in cloudy hazy zone, still in consolidation mode sideways. There are quite a number of stocks that had turned the corner and in UPTREDING mode. The exception is PMCorp!!
wilsongan, if you have been following the posts here since last year, you need to keep for 7 years to get 1 buck. that were the sentiment back then. one year already gone. 6 more years to go. but never mind. the company will give out chocolate as dividend along the way to appease the co-called long-term investors
What next? After AGM and the passing of the special resolution on share buybacks today, the company will purchased another small 1.6% of total issued shares to achieve resolution target.
In Chinese study, 3 factors must be present for a subject to flourish, ie time, place and the people factors. All these factors are negative at the moment. How can PM Corp shine?
1. Time factor: The market is in a consolidation phase. No 'compelling' reason for it to defy market movement;
2. Place factor: No track record of good profit growth. No selling of valuable assets to warrant any play by the shark;
3. People factor: Exodus of forumers and/or longer-term investors, lacking in management commitment to enhance shareholders' value.
One Vital Factor You Missed Out. The Hidden Factor.
Years back Cycle Carriage Suddenly Gave Huge Dividend. Earnings not visible. Not to long ago Integrated Logistic also gave out BIG Dividend. Also no earnings visibility from quarter to quarter.
PM Corp own both PM Cap & PM Hld. Both PM Cap & PM Hld TOP SHARE HOLDERS in SHH (Almost 20% combined) Which Went Limit Up Twice. All Overlooked by Analyst.
Years back I bought CMSB at RM2.20. I Saw CMSB Own Lots of Valuable Assets PLUS SHARES IN A BIG BANK. Few people noticed or pay attention then. Its NTA IS NO JOKE - REALLY VALUABLE! Now That CMSB Has Gone Up To RM10.00 - CIMB Research Call For A Strong Buy.
Of Course Nobody Follow Small Fry Calvin Tan Research To Buy CMSB at RM2.20 then.
NOW ALL THE NEWSPAPERS GO GA GA OVER CIMB RESEARCH TO BUY CMSB AT RM10.00.
To me all these are what Raider Call "SOOCHAI"
Also SOOCHAI Are Buying Nestle & Dutch Lady. Let me prove this statement
On September 20th 2013 PM Corp was 15 Cts When I Called For A Strong Buy!
Let us see
PM Corp 15 cts on Sept 20, 2013. Today 23 cts. (Up 53%) Dutch Lady RM46.66 then. Today at RM46.90 (Up less than 1%) Nestle Was RM67.80 then. Today at RM67.10 (Close at a loss!)
If you plant SWEET POTATOES you harvest Twice.
1) Sweet Potato leaves. 2) The Hidden Juicy Potato later.
The Hidden Sweet Potato is Not Visible to Human Eyes. So Some Day YOU WILL SEE THE REVEALED HIDDEN TREASURES OF PM CORP.
Management makes the difference in your so-called hidden factor.
Good management knows how to reward its loyal shareholders by declaring special dividends(eg huge or big dividends), bonus shares, etc. This is known as "enhancing shareholders' value".
But will the management of PM Corp do this? Not in the past. And not so likely in the future, unless management really changes its philosophy of rewarding its shareholders, which is apparently lacking at the moment until proven otherwise.
As the saying goes, "A leopard can never change its spots". PM Corp has to demonstrate to us its resolve to change for the better, before we can see better days ahead.
10 years ago PM Corp did give out a 6% gross dividend. So after the family problem is resolved things should turn for the better.
Wilsongan,
I have plenty of suggestions all along. Example: Tell NFI to put 29% Genuine Cocoa Content on the label of every bar of Tudor Gold chocolate.
And see how Pasdec went limit up out of the blue? I owned lots of Pasdec years back. The assets of PM Corp are far better than Pasdec. Will PM Corp go limit up some day?
There is a type of bamboo which does not grow for many years. But suddenly it shoots up many feet just over a night.
Go over to SBC Corp & Perak Corp Forum and read what they say today?
I bought SBC Corp at 50 cts (Today over RM2.20) Perak Corp at 60 cts (Now over RM3.60) I talked about High NTA & Good Potential then. Now people are still talking about High NTA after price has crossed RM2.00 & RM3.00.
Some Day Many Other Analysts Will Claim the Virtue of PM Corp HIGH NTA. I won't be surprised as history does repeat itself all the time.
High NTAs may not necessarily translate into high share price. Look at Berjaya Corp Berhad. As at 2013 3rd quarter, its NTA per share was RM 1.3234. But its share price is still hovering around 50 sen levels.
I did not study about Mulpha. I am not able to comment much. But I do know that its share price has dropped a lot from its heyday, to 43 sen today when most other counters have gone up instead.
There could be some reason for its under-performance. Please do your due diligence before investing.
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....
Kukuman
2,118 posts
Posted by Kukuman > 2014-06-16 15:53 | Report Abuse
battery power long time already died. it is now on life support supported by die-hard supporter from Singapore.
regards
kukuman of not-singapore