Nope. Retired. Now a very cautious and prudent "Value Investor" hunting for fundamentally sound but very undervalued stocks with minimal market price risks and paying high dividends. Good to all like-minded fellow investors.
Bad GDP figures may be a good reason for Bank Negara to reduce interest rates. Bank Negara will meet on 19 May and we hope for a good announcement.
In the US, bad GDP figures were welcomed by Wall Streets in the last few years because it meant further monetary easing or delay in interest rates hike. So, sometimes economic bad news may turned out good especially to the interest rate sensitive sectors like property.
Icon8888 was very accurate in calling a "buy" in AirAsia. He said price will move up to RM2.10 and it has hit the target. Let's hope that he is also accurate in calling a "buy" in Tropicana.
I thk KSL n TROP are the same. Both are with deep values but not reflected in their share prices. The bosses of these two companies may be suppressing the prices so that they can collect more at cheap price.....
SOLID FUNDAMENTALS. UNDERVALUED. UNDERPRICED. CATALYSTS FOR MARKET RERATING COMING WITH EXPECTED GOOD 1Q RESULTS N AGM 26/5. CONTINUED CORPORATE STRATEGY TO MAKE TROP INTO A VERY HIGH DIVIDEND YIELD STOCK. FYE DEC 2015 PAYOUT 7 SEN TO BE INCREASED BY A FINAL DIVIDEND VIA A COMBINED TREASURY SHARES+ CASH D OR A QUATERLY DIVIDEND FOR ITS 1Q 2016. IN A GREAT FINANCIAL POSITION TO DO THE ABOVE WITH CONTINING GOOD SALES, PROFITS, SIGNIFICANTLY REDUCED GEARING FROMB7.7x TO ONLY 3.0x HOPE THE ABOVE ENVISAGED DIVIDENDS WILL FULFIL MY BIRTH DAY WISHES
IT'S OK TO HAVE VIEWS. BUT ITS A FACT THAT TROP DID GAVE A FINAL DIVIDEND THE PREVIOUS FINANCIAL YEAR. REASONABLE TO DO THE SAME FOR FYE DEC 2015. IT IS CLEAR THAT TROP HAS BECOME A HIGH DIVIDEND YIELD STOCK AS IT HAD ALREADY PAID 7 SEN CASH DIVIDENDS SO FAR FOR FYE DEC 2015 ONE OF THE HIGHEST YIELDING SHARE IN BURSA. N I REMAIN OPTIMISTIC OF GETTING ITS FINAL DIVIDEND DECLARED BEFORE ITS AGM ON 26/5.(just repeating its practice of its preceding financial year. GOOD LUCK TO ALL
PETALING JAYA: Tropicana Corp Bhd recorded net profit of RM15.17mil in its first quarter ended March 31.
It added that its finance cost had almost halved to RM7.8mil from RM14.7mil a year ago, reflecting its success in executing its asset divestment strategy to reduce borrowings.
Its unbilled sales, it said, remained healthy at RM3bil as at March 31, 2016 and would continue to fuel the group’s earnings performance in the next two to three years.
“The group’s strategy for 2016 will continue to be market-driven and adapt to market demand while focusing to unlock value of its landbank in the Klang Valley, as well as in the northern region,” it said.
The group has a landbank of over 1,600 acres across Malaysia with a potential gross development value of more than RM50bil.
In the current financial year, Tropicana plans to launch over RM1.5bil worth of new projects, including new phases of Tropicana Aman in Shah Alam and Tropicana Heights in Kajang.
Plans are also in place to launch the fourth residential tower in Tropicana Gardens, Kota Damansara.
I know you are frustrate,so do i :( but this a not bad counter,paying 7 cent divided last year wor, and also u have to remember this type counter for long term player not contra player.
KUALA LUMPUR (May 30): Tropicana Corp Bhd is in the midst finalising a land deal in Johor.
In an announcement to Bursa Malaysia today, the property developer announced that its indirect wholly-owned unit Tropicana Desa Mentari Sdn Bhd had entered into a heads of agreement with Terran Property Sdn Bhd.
According to the announcement, the deal could be a land sale or the granting of development rights to Terran Property and its related parties of the freehold land measuring about 131.964 hectares in gross area in Pulai, Johor Bahru.
The agreement is subject to adjustment for the existing water tank or reservoir on the land, the existing transmission tower and electricity pylons erected on the land plus any acquisitions of land designated for highway use by the relevant authorities, and such other deductible areas as mutually agreed by the relevant parties and stipulated in the definitive agreement (where applicable).
Tropicana Corp shares were unchanged at RM1.02 today, for a market capitalisation of RM1.46 billion.
(The book value of the above land bank is around RM0.5 billion as per its annual report.)
EXECUTION OF HEADS OF AGREEMENT BETWEEN TROPICANA DESA MENTARI SDN BHD ("TDM"), A WHOLLY-OWNED SUBSIDIARY OF TROPICANA GOLF & COUNTRY RESORT BERHAD ("TGCRB"), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF TROPICANA, AND TERRAN PROPERTY SDN BHD ("TPSB") IN RELATION TO THE PROPOSED DISPOSAL
The Board of Directors of Tropicana wishes to announce that Tropicana Desa Mentari Sdn Bhd (“TDM”), a wholly-owned subsidiary of Tropicana Golf & Country Resort Berhad (“TGCRB”), which in turn is a wholly-owned subsidiary of Tropicana, had entered into a Heads of Agreement (“HOA”) with Terran Property Sdn Bhd (“TPSB”) for the proposed disposal of and/or granting of development rights to TPSB and/or it’s nominee(s) of freehold land measuring in aggregate approximately 131.964 hectares in gross area in the Mukim of Pulai, District of Johor Bahru, Negeri Johor (“Land”), subject to adjustment for:
a) the existing water tank/reservoir on the Land;
b) the existing transmission tower and electricity pylons erected on the Land;
c) any acquisitions of land designated for highway use by the relevant authorities; and
d) such other deductable areas as mutually agreed by the relevant parties and stipulated in the Definitive Agreement (where applicable);
In current property market I think Tropicana better sell more of their assets(NTA > RM2) to make profit and reduce gearings. Profit made is higher than selling houses.
Tropicana, together with Hong Leong Industries Bhd, MMHE and others have just been added as component stocks of the MSCI Malaysia Small Cap Index on 1 June 2016. Let's see if it can attract some fund managers' attention in the next property recovery phase.....
Its finance & brand name management team and corporate communication team have to wake up and work harder............otherwise, hire a better team instead to do the job.......
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....
Icon8888
18,658 posts
Posted by Icon8888 > 2016-05-13 16:53 | Report Abuse
he is Danny