Forget the money pmcorp it has, cause it is Nothing to share with shareholders, its money is for management to retire their whole life in this lousy company. Somemore its shares is too much, reach 800 millions, but with poor earning. What u can expect this kind of company !? Better run ASAP.
Somebody said, "pmcorp gave me a year's supply of Tudor & Kandos chocolates."
Nothing is free. Does it occur to us that the freebis were at the expense of the long term investors? One person's gain is another person's loss(when the share price drops). That is how the market works
PMCorp is cash rich. It has Rm 137 million of cash and close to zero borrowing. Without considering its other assets and businesses, cash alone is already 18 sens. Every quarters it either made a little bit of money or lose a little bit. It is difficult for it to drop to 15 sens unless the market plunges.
FACB Ind has a cash per share of Rm 1.74, zero borrowing and is selling at only Rm 1.06 and it is making money every quarters but very miserable earning. In stock, anything is possible. I still remember in the 1980's bear market I could get Tronoh Mine at below Rm3 when its cash per share was Rm3.70 and in every 1 Tronoh share there was 1 MMC shares and it was holding some Aokam Tin and has other investments, zero borrowing. It started to fly when the bull returned.
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....
kakashit
1,472 posts
Posted by kakashit > 2015-06-12 09:59 | Report Abuse
who r going to pmcorp agm? can report back here?