Very simple...cause with a female CEO...don't expect it will goreng up. Female CEO wouldn't hope for share price goreng. Unless u can live long, then u just diam diam waiting lor.
Just cash only worth 1.56 per share, the rest of assets included lank, hotel, inventory, acct receivable worth only 78sen per share (at current price of 2.34). It need to keep for long term to generate profit. I am waiting for it to further down some more to collect.
agree with CW. just imagine excluding cash (worth 1.56), plenitude just worth 78sen at the current price. those who sell at this price is really sochai.
Posted by AhMoi > Dec 12, 2014 02:28 PM | Report Abuse X
Buying a share just because of its high NAV when you are not the controlling shareholders is just like......
ya, your papa is a multi millionaire but he is just 45 years old...... so, yes, you are a rich guy, on paper, yes, but you are not going to be able to lay you hands on those millions in a long long long long time, until and unless your papa says yes...
Misguided.... those who are asking you to buy this kind of share
no problem, the prince still young and his grandma is going to .... soon. one day he will become king and win the world. i am younger than elsie chua, i don't mind to wait even until plenitude nta hit rm10.
my understanding is the marin is 2 towers 21 storey luxury condo, total of 149 units with 4 units per floor. build up area : 1,750 ~ 3,735 s.f. price range from RM 1,866,930 – 4,416,100. launch date 13 dec 2014 estimate completion date 2018. it may need some time to increase take up rate
PE low, NTA high but no dividend. Worse than China stocks because price very expensive. What will happen if economy slow down and affect their property sales? http://klse.i3investor.com/servlets/stk/fin/5075.jsp
Let us see into the logical side of this share. From the past one month I had observed the quantity of this counter transacted is not too big. Another words, it is very low volume in buying and selling in this counter.
I would think that most of the local and foreign institutional for this counter are still holding it. If they wanted to exit this counter the volume shall be very big. The drop of the share price is resulted from the knee jerk reaction from some small group of retail investor.
Once the panic retailer had cleared all their stock the price of this counter will be back to its real value again.
From the latest Annual Report the Top 7 largest shareholder already hold 82% of the total shares of Plenitude. The remaining 18% is held by the minority shareholder like us.
It is the panic retail investors that sell down the price for the past few weeks. And this panic retail investor may be just less than 1%.
The management of Plenitude should look into increase the number of share in order to improve the liquidity of share trading. Otherwise, just 1% of the panic retail investor could bring down the value of the company.
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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....
lcng123
1,126 posts
Posted by lcng123 > 2014-11-19 12:06 | Report Abuse
david, people didn't get, you don't mind to share?