@Exnstp, thanks. Yeah of course such rumors could not be verified. Else would have been published in the mainstream media. I just wonder how the various political connections may affect shareholders. This company used to be owned by UMNO, just like Star still being owned by MCA.
2022 can get extra RM 12 mil saving? Even better QR in 2022?
Exnstp By purchasing back the Bangsar office, all operations will move there. They will save potential about 12m every year from the Sri Pentas rental. 24/02/2022 2:39 PM
@Observatory, I am not sure who is behind the 11% stakes held by MS but I do not care much. As Syed Mokthar holds 31% and Johari has close to 20%, both savvy investors, the 3rd largest shareholder may be just another wealthy individual who may have insider info on the company prospects or close link to SM or Johari.
As long as the business remains profitable and business prospects turn positive with stronger cash flows, I remain invested and will not be surprised if the share price crosses RM1.00 or even RM1.50 in next 2 years. The strong cash flows and potential dividends of 5.0 sen to 10 sen per year will support the share price advancement.
@dragon328, good reasoning. I also suppose given the three parties have not achieved dominant control of the shareholding, and with the rekindled interest in the company, SM could not pull off a privatization at a bargain price like he did in MMC last year?
Media dipping to 48 sen yesterday was a good chance to buy. The fact that it closed up high leaving a tail yesterday reaffirms the uptrend. Yesterday drop is likely a blip due to panicked selling in a weak market. But investors will soon realize that the Ukraine war actually boosts news circulation and demand for news in TV and newspapers. The proposed reopening of border from 1st April will further boost economic recovery and hence ads spend.
Several bull case: 1. Large substantial shareholder transactions last year (JAG Capital) 2. High political affiliation (GE poised to occur in second half of 2022) 3. Favorable dividend policy for the first time in years (dividend incoming May 20, 2022) 4. High FCF margin over the past few years 5. Analyst upgrades (CGS-CIMB has a very reputable equity research house, many institutional investor including us read and subscribe to their analyst reports)
Mid term is RM1.10, long term remains very optimistic
Several bull case: 1. Large substantial shareholder transactions last year (JAG Capital) 2. High political affiliation (GE poised to occur in second half of 2022) 3. Favorable dividend policy for the first time in years (dividend incoming May 20, 2022) 4. High FCF margin over the past few years 5. Analyst upgrades (CGS-CIMB has a very reputable equity research house, many institutional investor including us read and subscribe to their analyst reports)
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....
observatory
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Posted by observatory > 2022-02-24 19:47 | Report Abuse
@Exnstp, thanks. Yeah of course such rumors could not be verified. Else would have been published in the mainstream media. I just wonder how the various political connections may affect shareholders. This company used to be owned by UMNO, just like Star still being owned by MCA.