me scare d as few counter can take profit but still holding, then drop later to entry price... now if got 10% then lepas... lol... really dont know how coldeye and other long term investor do... my hand itchy when see price up... keep park to sell... think i need to control d to earn more :(
I started collecting at 0.9 out of good dividend payouts history, strong long-term sustainability and consecutive net cash status, so I didn't consider a bit to sell it, even at 2.13
If propert line this year contributes more income, year end interim dividend might also hit 6 sen, bringing a yearly total of 12 sen. If price is to hover at 2.0, it would translate to 6% p.a.! Double the FD rate, and this does not include the 1:10 warrant (which might not materialize after failure in o&g venture)!
this valued stock took a very very long time to start moving - but now it is definitely on a strong rebound accompanied by volume - should break its 52 week high of 2.13 within a few days !
tentatively, prtasco will be range bounded from 1.65 to 2.1...unless it removes the corporate exercise..then it will be possible to move up higher prices... Do remember the best parts has yet to reflect in his qtrly result... adopt both long and short term strategies... partly for short and maintain portion for long term divdien...wa...10 sen last yr...this yr est..12sen... :)
the negative impact from oil & gas called off has been resolved and now is the time for protasco to move forward as the basic fundamental issues remain unchanged. property project, de centrum continue to contribute positively in coming quarters.
The O&G deal has been called off but NOT resolved yet. It is only considered resolved when the RM50 million is fully recovered. Certainly hope that there will be no issue here, but do not bet on it.
The O&G deal lapsed on 28 July 2014. Announcement made on 4 August 2014. Deposit of RM50 million supposed to be repaid 14 days after deal lapsed, ie 11 August 2014 and is now 28 days overdue. So far no announcement. What the hell is going on?
perhaps that is one of the reasons the price didn't move much until this oil and gas issue is resolved. I believe Protasco must update its shareholders, at least has a timeline, else, not so great for the share price or the company. Else, this company is doing ok, used to do about RM40m over last few years, and with DeCentrum, over next few years expected to be RM70-80m. 20-25% earning growth is good for the company and the share price. Management should update the development of the oil and gas deal soonest possible.
The way the reckless management handles the oil contract by simply "pump and dump" and no well though plans nor update is irresponsible and distrust by investors. What the management did is a total lost of credibility and questionable on their capability. Were there oil expert guidance on how to handle oil business, or proper negotiation with counterpart in handling over oil contract back to government, or depart carefully instead of rigorously, and why do things as they selfishly think fits, all these may end up loosing everything at investors cost. What if the Indo government ask for penalty due to long delays in fulfilling contract obligation? Was it on purpose and obviously government felt cheated or being played fool, then how to handle? Or company actually doing nonsense and piss the government off further and asking for more damage?
This kind of selfish dictatorship is dangerous, may end up not only loosing good term with the government oil company, or may lost any room for replacement or future assets recovery. If recklessly pissed of government it may end up being sued for negligence and incur even more damage to company. Oil business is not for average Joe, so as way of handling, will like to see how the headless fly safeguard company interest properly.
I believe proper negotiation is being carried, and do it the government way and hold them off from penalty, hopefully can secure structured recovery rather than nothing, worst, inviting more damage.
stock price may hold and slowly build confidence as long value is retained. investors wasted 2 years no worry if recoverable equivalant. worry if any value lost like collateral asset goes down or being pulled or like market speculate pissed off government and invite penalty then that is big impact. believe co management smart enough to soft talk nego win win to protect investors interest.
Why hopeless? Technically it is still in uptrend direction. My tp is 2.19 which is 15% lower than TP given by MIDF and RHB. People who with too much emotion can't make money from stocks. Calm down guys.
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....
jerryc83
53 posts
Posted by jerryc83 > 2014-09-05 11:37 | Report Abuse
Hahaha... As I said before, if u have faith, just keep holding this stock.