i guess the reason it went up is mukhriz running for the post of vice president....:D Just guessing. So if it get the post, it fly?....wishful thinking
Sitting so much net cash in the coffer (RM140 million) and the stocks trading below NTA of RM0.33 (not factoring the current market value of the property), I just wondering how long will the major shareholder let it float in the open market.....interesting.
Profit last year included a big item ( about 30 million) called fair value gain of associated company - with not much explanation of this item so only the auditors and the directors know exactly it meant by that. Do they ? Should this be taken out to measure the normal performance ?
i am no sifu, but to your question, i have queued at 24.5 sens for the longest time also cannot get! so the downside looks pretty limited!
looking at it, i believe they are getting more land conversion to increase their development. i think their earnings will be sustainable for the next two years. looking positive, and with recent purchasing by JVJR, but dunno if Mr Market will see this as a catalyst.
tq for your valued info, i did notice but don't understand why this JVJR always buy this counter just before the release of the companys result, pls advise
Need to find out what is their arrangement with management is first. They are already a big stakeholder if reports from Bursa (5% and above). So they may be privy to internal news! Then again, this could be a private placement exercise
if we all can go to the agm and push for higher dividend payout, of which it can afford with 20cent cahs per share, then the price should go up. owner is not sharing the cash with minority.
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....
Najib Zamry
894 posts
Posted by Najib Zamry > 2013-09-17 16:57 | Report Abuse
something is brewing....let's wait for tomorrow