Ashrizal... That is of old news. Current one, what do they have? Don't get me wrong. I also holding some units here. The reason they are going into PN17 is due to their total NTA is below 25% of their paid up capital. Or something like that. Meaning even if they sell all their assets, they are unable to get back 25% of money they "owe". And the NTA value should be based on current value. So, their assets or property investment at current valuation are used to determine.
Right? Anyway, I also hope their can go even to 7sen I am happy. Am holding at 0.055 now.
Shareholders' equity is less than RM40 million (NTA is below 25%) that why its fall to PN17, yes this will affected the share price movement, but actually remember PMIND has RM60 million payment outstanding. this is still not included in this quarter financial report. the Question is where the RM60 Million payment will go. i has Un-confirm information the money will used to settled the loan of piece land at Iskandar. only after The settlement that land at Iskandar can be considered as PMIND Asset and become NTA to PMIND. so what u think happen to share price if Bursa Announced PN17 status uplifted, my expectation in 3-6 month time.
Didn't this company sell its only revenue generating asset (office building) recently? Unless it's got some nice ideas about a new business, the owners may just decide to tarpao...or if not worth the effort let it lapse into administration to save themselves the hassle hehe
Hornydog the same thing happen at SILVER, where i monitor its price and buy @0.05 and try to average down @0.045 but i fail and later sold it @0.09. go to the Silver i3investor forum and read old comment my comment still there. And go to TGOFFS forum also when people ridicule that stock because selling their major Income Contributor. but i keep hold that share and average down and at last everithing paid off.
now my watch list is SILVER i will buyback if it drop below 0.06(depend on circumstanced Regularization plan) also FRONTKN, At PMIND my average price is 0.05 but if it touch 0.03 i will buy more. off cause there is are risk, we playing in stock market man what u aspect then? no pain no gain.
TGOFFS Buy Price between RM0.92-0.30 Average buy price RM0.42 acumulate between Sep-Nov2012 sold all Rm0.70 28 May 2013. SILVER Buy RM0.05 Oktober 2012 also try Q0.045 but fail,Sold RM0.09 07Jan2013. SCOMI many round of buy and sell i can't remember.
gold price drop sign of investor liquidate their Gold holding and will back to stock market, 2008 market downturn almost over, ready for next wave bull.
But as always never put all egg in one basket. My other counter ASIAPAC doing good today all my paper loss in PMIND already recovered in ASIAPAC. but i will still hold PMIND for long term.
People goreng ETITECH today from 0.065-0.11, Verry high risk game, Still in PN17 and Financial result has been in Negative for many Quarter. i believe time for PMIND will come be it 3 month or 3 years.
good to you derrick Luster look like still in uptrend mode. No hope for me to get 0.03, PMIND will up but i still doubt it will happent in this near term.
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....
pirate99
822 posts
Posted by pirate99 > 2013-06-05 15:08 | Report Abuse
good findings ashrizal... i also 'invest' few hundred lots for pmind.. let see.. klu bungkus consider as tuition fee la to bursa.. huhu..