No divvy, no move? Good results and company moving in a great direction with high value potential not to mention great net asset per share but yet why trading at 1.03 now?! Im not familiar with their divvy policy, anyone can help me out?
FUNDAMENTALS HAD STRENGTHENED. NEW SALES FOR 6 MONTHS OF 2016 AT RM502M WAS COMMENDABLE WHEN CURRENT PROPERTY MARKETS WERE SOFTER. PROJECTS IN GOOD LOCATIONS HELPED.
UNBILLED SALES AT RM2.8B GAVE GOOD EARNINGS VISIBILITY FOR 2Q AND 3Q 2016 RESULTS. THIS WILL BE ENHANCED WHEN THE SALES OF 2 COMMERCIAL BUILDINGS FOR RM154M AND RM55M ARE INCLUDED IN THE NEXT 2 Q RESULTS. TO BE FURTHER ENHANCED WITH THE PROGRESSIVE COMPLETION OF ITS SALE OF JB LANDS FOR RM659M.
PROFIT MARGINS INCREASED WITH VERY SUCCESSFUL DEGEARING RESULTING IN GREATLY REDUCED BANK INTEREST COSTS = HIGHER AND HIGHER PROFITS.
SUSTAINABLE BUSINESS N PROFIT GROWTH. NOTE NTA IS NOW RM2.17
EXPECTING GOOD DIVIDENDS THIS YEAR ALSO (BASED ON IT ALREADY HAVE 19.59M TREASURY SHARES AVAILABLE FOR DISTRIBUTION TO SHAREHOLDERS PLUS STRONG FREE CASH FLOWS RECEIVED FROM PROGRESSIVE RECEIPTS OF UNBILLED SALES AND FROM DISPOSALS OF BIG VALUE NON CORE ASSETS PLUS HIGHER QUARTERLY PROFITS
The drop could be due to market disappointment over its reduce its unbilled sale from over RM 3 billion to latest q RM 2.8 billion, it send signal slow in new sale property to replenish its unbill order. Nevertheless, Trop profit margin have improve due to lower interest cost and strengthen balance sheet. Awaiting now for its dividend next now.
AGREED WITH HNG33. WHILE ITS 2 Q RESULTS WERE IN FACT BETTER THAN ITS 1QM ITS SHARE PRICE DIPPED AS SOME PUNTERS "SELL ON NEWS" ITS SHARE PRICE WILL STEADY BACK AS IT IS SUPPORTED BY STRONG FUNDAMENTALS. ITS NEXT CATALYSTS WILL INCLUDE POSITIVE NEWS FLOWS FROM ITS SALE OF JB LANDS FOR RM659M AS WELL AS DIVIDEND ANNOUNCEMENTS
TROPICANA CORPORATION BERHAD ("TROPICANA" OR "COMPANY") DISPOSAL OF OFFICE PREMISES AT DAMANSARA INTAN, PETALING JAYA SELANGOR TOGETHER WITH ACCESSORY PARCELS COMPRISING APPROXIMATELY 1,519 CAR PARKING BAYS AND SUCH OTHER FIXTURES AND EQUIPMENTS INSTALLED AND AFFIXED ON VARIOUS AREAS WITHIN THE COMPLEX, BY DICORP LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF BAKAT RAMPAI SDN BHD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF TROPICANA
DISAPPOINTED THIS 1st HALF YEAR NO INTERIM DIVIDEND (unlike last year 1H) GOT TO WAIT UNTIL NOVEMBER FOR 3Q RESULTS) TO SEE IF ANY INTERIM DIVIDEND FOR THIS YEAR
Other than Affin Hwang Research, no other research houses are covering or promoting this counter, unlike Eco World and Mah Sing which are well covered by research houses.
Hence, this counter has been really 'sleeping' well for a long long time. Maybe its shareholder and management team are also sleeping too for not getting the coverage by research houses to promote the company, like Mah Sing & Eco World. :-(
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....
hng33
20,318 posts
Posted by hng33 > 2016-08-26 08:53 | Report Abuse
Icon8888
Tropicana is high dividend yield stock, but, warrant are NOT entitle and its intrinsic value is reducing over time