a quiet but a steady and bullish counter. currently abt 1.45 and downside 1.41..next target is 1.65 with a prospective per of 16 sometime b4 end of june...but of course not for contra players. c u there..(p.s. i like noby's analysis)
klse, invest123, refer to my 27/5 posting..... i found out that despite its strong fundamentals, it seriously lacks players to propel it higher..thus the continuous downtrend..n we r in a great bull mkt.. i've been selling from 1.35 to 1.20, just to EXIT fm it at all costs.. until i finish my last block, stay away please..i believe there r other great stocks to own.. i will post here once i'm done with it.. shd u still decide to own it then, i wish u well..
klse - for me, it is a non-performer!!! illiquid, lacks buyers with conviction, while sellers r disposing relentlessly..despite being a fundamentally sound co..
in may/june i was buying fm 1.20 to 1.40 n i was the major buyer.. but it started to reverse after xdividend until today.. i now turned to be the major seller (at a loss)..in fact almost ALL of the selling done yesterday is mine..
so klse, u gauge the trading urself as i wont be selling today n tmorrow as i m bz with 3 other stocks..but if u want to take my disappointing 2 mths experience with this stock, dont buy anymore, at least until i m done with it LATEST by the 1st week of sept after it releases its results..
ufis : the reason i am buying that a competitor in Malaysia is expanding aggressively e.g. elster-instromet and others. This industry is still commanding a fat margin.
Thanks for the update. I will stop buying for next 2 months.
Discount Cash Flow Analysis Valuation on TURBO 8/15/2014
Table 6.1: Assumptions Current stock price $1.19 Share outstanding (Mil) 108,000 This year FCF (last Year) $11,618 Next year's FCF (mil) $12,199 Growth for the next 5 and 10 years 5.0% 3% Teminal growth rate, g 3.00% Discount rate, R 10.0%
Table 6.2: DCFA PV of FCFF of core operations $186,000 Non-operating cash $42,272 Investment in Properties $0 Investment in Associates $19,785 Debts $0 PV of FCFE $248,057 Less minority interest ($893) 0.36% FCFE $247,164 Number of shares 108000 FCF per share $2.29 MOS 48%
Intrinsic Value of TURBO is RM2.29, potential gain of 92%
Using a Reverse engineering DCF calculation shows that at the current price, the market is expecting TURBO business to shrink at a compaound annual rate of 6% for the rest of its economic life. That means its earnings will be less each year by 6% forever. So do you expect Turbo business will grow? or shrink?
Thanks for the input for your theory of intrinsic value. I am buying based on whatever market info i have gathered. I like this counter due to many factors and apart from the fact that major shareholders are not//have not actively traded with this stock. Thus, i will mark this stock as "virgin".. )
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....
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Posted by 1901 > 2013-01-18 16:07 | Report Abuse
is this company going to benefit in plentiful O&G projects?