Supermax,Hartalega and Kossan share price already drop 40-45% from their highest price but Top Glove share price only drops 25% from its highest price.
but nowsaday Media no more 45% dropping like last time fr highest 60 sen, in other way round Media may be will shoot up more 30% to 40% for the next 6 months
All glove counters making huge profits every quarter also lost >50% of their value.Media share price should be stable as the worst outcome already happen last financial year.
atmw81 Media cash per share is 0.37, is safe haven for any market turmoil --------------------------------------------------------------
hi atmw81, i dont think your figure is correct.. Media cash per share doesnt go to that high. if you said STAR maybe true. but definitely not 0.37... prove me wrong.
Based on latest QR, cash = 363,154,000, borrowing = 140,798,000 + 38,220,000 = 179,018,000. Net cash = 184,136,000. Number of shares = 1.1 billion. Net cash per share = 16.74 sen
Net cash per share and cash per share calculation is different. If you want to calculate , why u didn't put shareholder trust? Then again have you calculated from on process property disposal?
cannot judge a company on the cash in hand. STAR MEDIA also have 43 cents net cash in hand much more higher than current stock price , why it still drop?? Problem is business cannot make profit mah. IF just want to goreng happy like INIX or BINTAI , that one no need to see financial just fry . BUT MEDIA sector now cannot profitable . Now most of people watching or reading social media only , NEWSPAPER and TV outdated already. SUNSET business. I suggest just dump and media prima and star media. within 3-6 months no show only can maintain or down. NOW, everybody to shift those consumer and leisure sector which hit extremely bad by COVID and will recover very quickly after vaccine found like GENTING, GENTINGM ,PADINI, UMW, TCHONG,BAUTO, AEON , MYNEWS, SEM. Tips given , just don't fall in love with MEDIA sector first at this moment.
They might have spent a portion of that cash to acquire remaining stake in CJWOW. The good news is that next quarter got extra almost 1 month 49% contribution.
Tuesday topup some at 18.5c...now can get at 17c only.Now no more bullet Itu owner multi-millionaire bila mau push ni. Must prepare some more bullet maybe later can collect at 15c.....again!
I guess should have improvement. Sep will have additional 49% contribution from CJ WOW. I think it is set for full profit year in 2021. As long as got holding power.
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....
ahgorgor
178 posts
Posted by ahgorgor > 2020-09-09 17:55 | Report Abuse
All other counters also drop, what do you expect