It is very obvious uptrending...I don see any reason why investors will dump tis stock since dividend is coming n they are bidding for taipeh construction job...I m sure insiders are bashing down tis stock for their own accumulation...
nemesis Yes, I agree with you. The STOCK more or less is already cornered. It's now from left hand to right hand, back hand to forehand, lower hand to upper and finally weak hands to strong hands.. LOL
It is very obvious the stock is pressed down...for some reasons beneficial to the management...it is evident just now at 16.50 suddenly a large block of buy order at 0.52 b4 closing...
Total borrowing as of 30th June 2018, RM 530 million...
CASH AND FD : RM 160 million
Borrowing, net off cash : RM370 million
PROPERTY DEVELOPMENT COSTS, which are CURRENT ASSET amounts to RM1,687 Millions. A big chunk of several hundred millions should be the development cost of the BJC Mall which has reached the 3rd levels last June.
Awaiting good news from PAVREIT, then the company would be debt free or with little borrowings...
TA shows gap down break through support line 0.5, TA target 0.285.. but fundamental wise.... it is not possible.... unless TA false breakout... this 3 days need to stand back to 0.5.
I computed NET PROFIT made by the company from FY ending June 2011 to FY ending June 2018, meaning for the period from 1.7.2011 to 30.6.2018, the company made
Total Net Profit. Rm 354.45 million Total Dividend paid out about RM 90 million (Assume dividend for FY 18 will be 2.5cent)
Retained Profit is RM 264. 45 million (excluded private placement proceed and conversion of the RCSLS)
FY........... NET PROFITS (000') .....Dividend (cent) 10.................22,067 .......................1.5 11.................72,694........................2.0 12.................64,408........................2.5 13.................35,387........................2.5 14.................51830.........................3.0 15.................45,847........................3.0 16.................37,240........................2.5 17.................63,287........................2.5 18.................56,482.......TBA by end Oct, usually
The "lucky" guy who bought at the lowest @46 cent, 7 years ago on 29th Sept 2011 received dividend year after year with a yield of 5%-6%... better than FD rate and today he sit on a capital gain of 2 cent , assume he didn't sell..LOL
But today his company has made more than rm264 million of wealth or 50 cent per share as compared to the day he bought the share, 7 years ago...
Would this " lucky' guy do better for the next 7 years as compare to the last 7 years...
Please answer this question and decide if it is a good investment at the current price! Haha!
Really huge discount at 0.48...donno why the are so foolish to sell low at 0.48 when they know it tat dividend is coming...really unwise decision made by them...
Tan Sri converted his 29 million RCSLS into shares @RM1 in 2017. He actually had the option to redeem for CASH and received RM29 million CASH from the Company. He definite know the value of the share of the Company.
It should rebound back strongly next week as dividend is coming delivering Div yield of more than 5% better than FD rate...It is time to bargain hunt next Monday...1.2 bil unbilled sales coupled with some construction earnings is enough to deliver sterling return in the long term...Just don wait just acquire as much as you can next Monday...If possible just dump in all Ur life savings into it surely you will thank me in the future...
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....
uptrending
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Posted by uptrending > 2018-10-06 07:39 | Report Abuse
nemesis
Where did you get your clues?