Haha.....add add, top up top up add add top up, now do what????? Every counter also same story When down add, down some more top up, very down.........silent like ghost. And...... wait for this.......drum roll please..............all say they make big money I say Lan J.. , liar liar pants on fire, nose as long as telephone wire
So solution......... buy when nobody wants like now, when rumour comes like soon, it will fly Coming sooooon
Rowie Since 2010 until present date i.e. For 36 quarters, only show small losses for 2 quarters That means has been profitable come what may. So very soon some monkey will make a big write up as insiders have already cornered this share. Fyi top 30 shareholders own 80% of TRC, so based on the contract flows.....the next few qtr results will be good. Take heed........monitor this stock like a hawk. It's very very low now
TRC --After hitting low at 0.20 on 19/3/2020 TRC has slowly building up its uptrend..After hitting immediate high of $0.32 on 09/04/2020 it has been consolidating sideways for the past 10 day, Today it hits its immediate resistance at $0.32 today. It is expected to break above $0.32 to test $0.345/$0.365. if break above may try its immediate target of $0.38. Collected some at 0.315 today. Good Luck !
The King decrees to focus on transport connectivity and development in Sabah and Sarawak should spur interest in Naim. Vested at 0.30 previously and looking to see more buying volume coming in for TRC.
Here is why I fancy TRC and why I think they are so undervalued:
1. They are sitting of a nett cash of 15.5sen. This is half of their market cap as of last Friday's closing.
2. Out of their RM224m borrowings(they have a cash position of RM300m), about RM84m(A$30m) is tied to the 4star Westin Elements hotel in Melbourne currently valued at A$50m.
3. They have more than RM2B worth of construction projects. Exact amount to be known in the FY2019 Annual Report due out soon.
4. They pay out dividends regularly. Last year they paid 1.9sen out of 4.34sen earned. That is a 43.7% payout. For FY2019, they made 4.13sen. Can we expect a 1.8sen payout to be declared soon and ex June2020?
5. Urusharta Jamaah has been disposing TRC (together with many other companies)shares since taking over from Tabung Haji in Dec2018. Me thinks they threw the baby out together with the bathwater. Their last declared shareholding was 23m shares left as of 23Mar2020. I think they have completed their disposal. With this price overhang gone, the true price discovery for TRC shares can finally begin.
If there is any conclusion on this HSR mega project, it could benefit investors to trade on news and ahead of the materialisation of things. Counters that investors may focus will be construction (consultant, piling industry, building materials and contractors).
Potential Counter: TRC (5054) - Net Cash - Been paying dividend over the years - Technical: Flag pattern breakout - Immediate target: RM0.35-Rm0.42 - Support: RM0.29
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....
Pak Abu
1,406 posts
Posted by Pak Abu > 2019-12-27 10:50 | Report Abuse
Window dresing