1. AT 53.5 SEN WITH NTA OVER RM1.45 A HUGE 60% DISCOUNT. BIG MARGIN OF SAFETY
2. P/E ONLY 3.8 SO CAN MAKE BACK CAPITAL BY ONLY 3.8 SHORT YEARS. CASH IN BANK GIVES ONLY 3% YIELD OR P/E 33.3. SO IT WILL TAKE 33.3 YEARS TO DOUBLE YOUR MONEY.
3. SO ALL HOLDING TA ENTERPRIZE IS HOLDING A VALUE GROWTH STOCK.
4. PLUS THE ADDED BOOSTER OF GOVT STOCK MARKET STIMULATION BY REMOVING STAMP FEES FOR 2ND AND 3RD LINERS, EASE OF MARGIN AND ALLOWING SHORT SELLING.
5. TA IS THEREFORE A CANDIDATE FOR PRIVATISATION LIKE OSK, HWANG, KAF, BJ CAPITAL AND HL CAPITAL.
1. AT 53.5 SEN WITH NTA OVER RM1.45 A HUGE 60% DISCOUNT. BIG MARGIN OF SAFETY
Plenitude bigger.
2. P/E ONLY 3.8 SO CAN MAKE BACK CAPITAL BY ONLY 3.8 SHORT YEARS. CASH IN BANK GIVES ONLY 3% YIELD OR P/E 33.3. SO IT WILL TAKE 33.3 YEARS TO DOUBLE YOUR MONEY.
Most if due to one off investment gain. Remove that, pe turn to more than 10.
3. SO ALL HOLDING TA ENTERPRIZE IS HOLDING A VALUE GROWTH STOCK.
Its an NTA play, not growth stock.
4. PLUS THE ADDED BOOSTER OF GOVT STOCK MARKET STIMULATION BY REMOVING STAMP FEES FOR 2ND AND 3RD LINERS, EASE OF MARGIN AND ALLOWING SHORT SELLING.
TA is not the only broker in malaysia, why not kenanga. Trading volume falls when market is bearish. So this point is actually irrelevent.
5. TA IS THEREFORE A CANDIDATE FOR PRIVATISATION LIKE OSK, HWANG, KAF, BJ CAPITAL AND HL CAPITAL.
So many companies are good candidates for privatization. Does not mean it will happen. If you recommend 100 co for privatization, one of them is bound to come true.
Many people are cross holding good and bad shares. some are deeply into margin
so in a time like this due to usa china trade war plus uncertain Election in Malaysia the sell down is overdone
Margin calls caused both bad as well as good value shares like bj corp to be thrown out
So this is the opportunity for those who can think longer term to slowly, steadily pick up value shares fallen on the sides.
PLEASE KEEP A CASH BUFFER FOR ANY EMERGENCIES
IF YOU HAVE EXTRA SUPLUS CASH NOT NEEDED
NOW IS THE OPPORTUNITY.
GOOD LUCK
REMEMBER THESE FACTS:
TONY HAS NOT SOLD ANY TA OR TAGB SHARES. IN STEAD HE HAS BEEN BUYING TAGB SHARES
TA IS NOW 50 SEN SELLING AT A HUGE DISCOUNT OF 66% DISCOUNT TO NTA OF RM1.45
SO FOR US IT IS A BIG BARGAIN
LAST TIME CALVIN CALLED FOR A BUY ON RCECAP AT 27 SEN DUE TO ITS HUGE DISCOUNT TO NTA OVER 50 SEN (AS IT TURNED OUT RCECAP LATER UP 100%)
TA'S SHARE OF TAGB ALONE IS WORTH MORE THAN 50 SEN (THE PRICE OF TA)
(TRUTH IS STRANGER THAN FICTION?)
SO TA BUSINESS IS FREE, ALL OTHER ASSETS ARE FREE & EVERYTHING ELSE IN TA IS ALSO FREE
TA AT SUCH DEPRESSED PRICES WITH GLOWING PROSPECTS IS NOW A CANDIDATE FOR PRIVATISATION LIKE OSK - RHB, BJ CAPITAL, HL CAPITAL, KAF, HWANG TAKEN PRIVATE BY AFFIN, AND AA ANTHONY TAKEN BY UOB KAYHIAN
WHY GOT GLOWING FUTURE?
ANSWER
1) STAMP DUTY FOR 2ND LINERS & 3RD LINERS WAIVED TO ENCOURAGE RETAIL PLAYERS
2) SHORT SELLING ALLOWED (HA! WHETHER PEOPLE BUY OR SELL STOCK BROKERING FIRM LIKE TA WILL BE MAKING MONEY)
3) SHARE MARGIN EASED
4) SOON - KLSE JV WITH SPORE SGX FOR CROSS TRADING
5) EDUCATION OF MORE MALAYSIAN INVESTORS INTO SHARES FOR RETIREMENT
SO TA IS BACKED BY ASSETS. BRIGHT WITH GROWTH PROSPECTS & SELLING AT A HUGE BARGAIN
Warm Regards
Calvin Tan, Singapore
NOTE FURTHER
NEXT MONTH BOTH TA AND TAGB WILL REPORT A NICE 6.3 SEN PROFIT FOR JAN TO MARCH 2018 QUARTER RESULT AS RM774 MIL WITH RM342 MIL PROFIT FROM LITTLE BAY SALE WILL BE IN
Full year (2017) earnings per share : 3.05 sen Take 40% of that and dividend will be about 1.2sen. If TAGB a little generous maybe can get a little more. Little Bay earnings will be in 1st Quarter results, so the profits not likely to be handed out this year. I hope to be wrong. Only way to get a high dividend would be if TAGB hands out a special dividend. What are the chances?
I believe TA will pay about 5.5 sen dividend. Which is about 40% of 14.15 sen full year 2017 earnings. That's the reason for buying TA instead of TAGB.
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....
super888
517 posts
Posted by super888 > 2018-03-27 13:13 | Report Abuse
TP 0.45