Hold now. If got extra money can consider avg down. Coming QR should be better than last QR. EPF also no more selling. Possible there is dividend announcement like last year.
Media consider very cheap compare to its peak. But d question is how low can it go as too many negative issues like 1mdb, US interest hike n low commodity price
But how cheap is consider cheap. I bought at rm1.24. But sold off all this morning at rm1.17 average. Contra lost few thousands. Gonna wait n see till september. This thursday will announce GDP. If drops, then really damn kanasai
It is time to go big to buy. Look like the business & profit is stabilized at this level though is lower than previous day. The share at 1.50 is reasonable if the profit maintain at around this figure. I jump in too slow but manage to buy quite a number at average of about 1.17. Media Prima always maintain good dividend payout & has strong & healthy balance.
Media Prima DY above 9%(about 3X FD rate) which is better than EPF 2014 dividend. Hopefully EPF will buy again. They appoint new chairman Datuk Seri FD Iskandar Mansor(Glomac CEO).
Based on the EPS records for previous year, look it should be no problem to maintain profit FY2014=6.83 SEN, FY2013=19.62 SEN, FY2012=19.45 SEN, FY2011=19.68 SEN and FY2010=24.58 SEN. FY2014 is low because of payment one off to retrenched employee. From 2nd quarter results, it should be able to generate consistent profit of more than 14 sen i.e. EPS > 14 sen in the later years.
No reason of not buying this counter give the current bearish market. Assuming forecast div of 10sen per year, paying 3 times per quarter starting from 2nd quarter, the yield will be > 9.25%. Management is acting fact fast to retrench staff for survival given its earning had been dropping for 6 quarters. So, we expect the earning will be bottom up soon.
There are many conman in this forum trying to talk up this counter with their long term "good counter": bull shit story. Come next week after ex-date lots of folks here who are still holding likely going to get sodomized for want of a better word. Aint no dividend declared going to help when it goes south in a big way Sure you got a slick CEO to talk up his counter... but EPF/Khazanah .. etc already know the writing on the wall for this counter since last year. That is why these dickheads were forced to let go staff and declare some dividends to pacify Govt investment bodies.
Too many innocent folks getting suckered by long term stories these day's by conmen trying to get out.
The bad thing about media is.. they are not independent. They report what BN wants.. but good thing is.. the monopolized the.market. all rural folks can only afford tv1, tv2 n tv3. Lol
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....
NST_
53 posts
Posted by NST_ > 2015-07-21 20:59 | Report Abuse
Latest TP RM1.74. Good upside buying now.