current headwinds does not give much impact to good companies. I believe there will be more to come from Tambun. The current revenue of 83 million is comparable to Mahsing in 2004. See where Mahsing now, at revenue of RM475 million in single quarter.
As long as Tambun keeps giving dividend, then price drop should not be much problem. Price will increase gradually. Hopefully 2014 budget would not give much impact to developers. Finger-crossing..
I agree with Azlan.. I bought in at higher price than now but really 'No regrets'.. A good company is a good investment. Hold for long term. Think positively and positive vibes will send fortune your way . Smiles.
wanna ask, on Monday, i bought @ $1.40/- Today, it falls until $1.38/- If i know earlier, should have bought in today. Anyway, do you think the price @ $1.40 is considered high/ or fair price/ or relatively low?
Do you think the current price at $1.35 to $1.37 presents a good opportunity to accumulate more?
Based on Aug'13 trend - when Tambun Indah's share drop from RM1.56 to somewhere at RM1.20/- During this period, the lowest is at RM1.25/-
My strategy is to wait until Nov'13 - when the market is uncertain about the QE outcome. Hopefully, AUg'13 will repeat itself when the price falls to somewhere RM1.25 to RM1.30/- Then, it is a good time to continue collecting. What do you guys think? Or i should collect at RM1.35 to RM1.37 like the current market now?
Farlim sold their Ayer Itam land to IMDB, Eco World development in Air Itam and Seberang Perai, and also the impending of Penang 2nd Bridge opening. This might be catalyst. Cheers!
yup. Managed to buy in at RM1.40/- Now, waiting until middle of Nov'13 - anticipate there will be a sell off (just like middle of Aug'13) due to uncertainties in the market concerning Ben Bernanke's QE announcement in Dec'13. This will present an opportunity to accumulate more at cheaper prices.
Also, i think the cheapest it will be is at RM1.25/- based on the performance in the middle of July'13.
someone pressing down the share price yesterday. Great dividends ahead? They have yet announce any dividends for the current FY. Keeps smiling for today. haha
not yet, azlan88.. hopefully good one for all of us. keep collecting now, but quite a challenge.. Budget2014 @ month end, US gov shutdown bla bla quite alot negative news for market
sleeping.... foresee slightly downtrend when budget2014 as gov counter speculation on housing.. let's wait for next dividend, anyone have idea when they will announce?
This counter and Fitters is the only ones in RED from all my portfolio.....I cant believe i made a wrong choice in buying this counter. Good solid earnings but a sleeping giant. Need to wait a bit more .................zzzzzzzzzz
Tambun proposed to buy the remaining stakes in two of its subsidiary. Earnings wise, it is okay since they can eliminate the profit outflow. However they intend to buy the stakes using shares. Expect some dilution, price overhang and lower dividend.
However price may go up or down next Monday depending on the outcome of 2014 budget. Most listed property companies also didn't perform as investors are waiting the measures taken by government to curb the high mortgage debt and rising property prices in 2014 budget.
Going forward I believe Tambun share price will increase. Penang 2nd bridge has now almost being completed and tentatively to be fully completed on 8th November 2013. The opening of 2nd bridge will have spillover effect on property prices in Batu Kawan and adjacent areas.
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....
garydonald21
371 posts
Posted by garydonald21 > 2013-09-17 15:15 | Report Abuse
To cut short or stay? will it drop further?