Latest div only 6 sen. Wish management is generous with div instead of ESOS. Bonus will dilute the EPS. CPO price under pressure currently coupled with increasing operating cost. Sorry to sound pessimistic but cannot see how SOP is attractive at this level.
It does not really make sense when Sime Plant whose earnings is not even 60% of SOP but command a share price equal to that of SOP and a host of other plantations command a much higher PE than SOP something is not right lah
SOP is mispriced by the market Even insider director decides to exercise lots of esos in a time of bad sentiment and falling prices to pick up coming free bonus one for two now already approved by vote in Agm
Although SOP is now the cheapest plantation stocks in bursa investors are still reluctant to but big bcoz this is one of the few stocks that offer large amount of esos to its owners (directors) and execs instead of rewarding the minority shareholders with higher cash dividends. Consequently we see only some retail investors and the manipulators and perhaps their own gang are there, and each day you see the stocks closed even lower. Having said that I would encourage investors to pick up some at this price level as the ex bonus price would become only around 2.80 which I think is cheap enough in spite of all the negative elements surrounding this stock
The only yardstick to measure ur risk be4 buying SOP is to know when its price has tanked! With flurries of sellings by their directors due t ESOS i m doubtful if new investors will put their here n if, u buys high could u wen recover ur paper loses !
Here are some simple maths, if they maintain the same div payout you are actually getting 50% more after the 1 for 2 bonus and if they decide to increase the quantum you are getting an extra bonus. If SOP is devoid of all the negative element mentioned it could easily command a price of above 4.00 after the bonus issue. I am not a hardcore promoter but I can condidently say if SOP does not do well no other plantation stocks will. Still I don't rule out the possibilities of it going down a little as there were some esos with an excercise price of 2.21 just listed and of course some interested parties at play too
Sime Plant now 4.28 and SOP 4.19, in terms of earning per share Sime plant is nowhere near SOP. The reasons are obvious. It will be more exciting after the bonus issue when SOP would be adjusted to around 2.80 and EPS would be around the same as Sime plant then, so if SPlant can still command a price of 4.28 vs SOP of 2.80 ? only market guru can explain hehe
I see people complaining about Directors getting Esos at Rm3.60 about 10 million Sop shares
Don't be so small heart lah
Be generous to Directors The combined paper profit only a mere Rm1.8 millions only
Look at the brighter side how latest Qtr Sop made almost Rm200 millions in profit
Forward to annual profit will be a whopping Rm700 million to Rm800 millions in real cash profits for Sop. so Directors being rewarded with a combined gain of Esos at Rm1.8 millions just pea nuts
With such high profits plus free one bonus for two and possible more dividends SOP remain an attractive bargain now
I disagree they need to reward minority shareholders with higher cash dividends. The voting at the AGM indicates this. This look like a controlled stock nobody dare to buy big but today will close green lah hehe
Unless SOP declare a higher dividend in future and raise the esos excercise price to at least 4.50 I don't see this stock will attract big fund enough said
Sime Plant still in the green today but SOP is far more superior than Sime in terms of earning per share and net assets per share yet SOP price is so much lowet than Sime plant, do you know why ?
Today June 30 there is a reason why some stocks need to be pressed down and some up but buy SOP at this price the risk is getting lower and lower so just add a little lor
All plantations will still report very good profit for qtr ending June 30. Don't be gloves phobia haha. It is important to keep enough ammunition for the war !
mrcrab you asked a very good question even if they took bank loan there is absolutely no problem of repaying bcoz all made handsome profit unless the price fell below 3.60 that is a different story bro
SOP financial controller sold 15000 shares at 4.25 on June 28 When the Co CEO, Financial controller and top execs selling their shares at this price do you expect foreign funds to support this stock ?
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titan3322
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Posted by titan3322 > 2022-06-24 09:17 | Report Abuse
Can add some for the div and bonus