Happyman, I believe that once the dust settles that equation should easily give you more than 9. Am expecting Narra to move back to above 4 once the selling eases.
Alfred, from the Bursa announcement and you can also verify with your remissier. All pre ex-date holders of HLI have been waiting for the new shares to be credited into their a/c.
Novice, difficult decision to make. On the one hand I believe that Narra definitely has more growth potential than HLI as it is expanding it's business rapidly as compared to the matured environment that HLI is in. However the worst for HLI seems to be over and should be on an uptrend from now on and I am expecting them to announce an interim dividend next month. As such timing is critical and also what time horizon that one is looking at. Of course, if the market turns bad all this becomes academic.
HLI will move to its fair price of PE=10, Narra is just like running malatone. It is hard to say which one will give a better yeild in the next 6 months.
Daniel, do you have reports on Narra? You know that Narra has more potential, second production line in preparation etc, but I wish to read the report if available. Thanks.
Novice, sorry don't have any reports as the cement business have just been injected into Narra so I guess there's no investment write-up yet. But I can say with certainty that the expansion is ongoing (am from the area) and the new production is supposed to commence in late 2016. So I think it's valid to state that the business is expanding rapidly cos' after only 1 full year of operation, they are already going for another line. Have deliberated on your info over lunch and I think I will take a gamble and convert more of my HLI into Narra as I think it will move up faster. Just my personal view.
Thank you Daniel. I have also converted much of HLi to Inari. This will be much faster in gain, including rights issue and free warrant. Inari is a key supplier to a main US Apple supplier; Avago Technology. Will convert more HLi to Narra Monday. Maybe the Narra downtrend will continue for another day or two. And may be HLi will strengthen again by Monday.
lol.. narra is a loss making company .with net asset per share less than RM0.60 and high payables.. dont think the current market value able to justify it
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....
Somdejking King
281 posts
Posted by Somdejking King > 2014-08-15 09:51 | Report Abuse
big boss , help us a bit