BJCorp at multi-year low, been aggressively selling assets/companies lately with visible profits from investment recognized this and next quarter reports (this coming quarter report, recognition from selling land, next quarter report from selling china business), property project disposal (if successful, should help pare down debt further, but no confirmation given earlier failure to sell,) property project completing soon that should free up cash (menara Bangkok bank completed, Ritz Carlton Residence of over 1 billion GDV to be completed soon - hopefully before May 2016?, Japan's to be completed also before May 2016?). Though, most likely won't hold long term on this stock, boss is bad, number forecasting is on a downtrend, property project in Jeju Island seems to be in trouble, highly goreng stock...
PetronM, the company seems to enjoy greatly from low crude oil price despite revaluation loss on inventory. It has made 0.75 in the past 9 months, should make another 0.25-0.30 when result is out this coming February (my guess, never really goes into detail estimation.) Debt has been pared down significantly, something I like. Current gasoline price adjustment at end of month seems to help PetronM in planning ahead on cost structure. I believe crude oil should trade at low level at least until June (I mean below 60, best if kept below 50 until year end) and should help PetronM business.
Hopefully, I can make some decent profits from these two before switching back to add more Puncak around April should Puncak remains around 1.50-1.70 level. Prefer not adding till I am clear with coming quarter report, but won't sell my current holding, guess has confidence with my valuation.
jacklintan, I am not invested as much in PetronM and BJCorp as in Puncak, so I didn't go through as much in fine details in them as I did to Puncak. Probably you should find some analyst report to read if you like details while dig further using those reports as basis. Well, at least that's how I did... And I bought PetronM in panic cause I have been waiting to buy PetronM at 4.30-4.34 level due to delay in collecting my Puncak special dividend, and it suddenly spike today, causing me to chase higher after receiving mine this afternoon after 2:30pm, sigh!
iconquer, my apology if I have misled you. However, all the while, I have focused mainly on the balance sheet and if water deal can be completed (a HUGE concern back then before Selangor state government paid the money.) I am right with the water deal completion despite many said deal won't go through, and I believe my analysis on the balance sheet is right too, i.e., net cash per share should be around 2.70 post special dividend. I don't understand why share price won't perform, and I have more than 60% of my portfolio invested in Puncak (I didn't invest my special dividend on Puncak, thus lowering the %, which earlier is more than 90%.)
Roger still in RGB--loser. Me already move from Comcorp to KTC.( my most heavy buying last week) Roger how is my left over in RGB---smell a little rotten by now
Icomeiseeiconquer : Kahheong is a very kind man who willing to share his homework with everyone unconditionally, as a newbie in stock market i am really appreciate and learned alot from his sharing ( u have my utmost respect). Pointing fingers at others will not made u a fortune in market but your own decision making does, so blaime yourself because no one force u to do so
Cash per share shouldn't be much different from 2.70 +/- 0.10, unless there is an unknown payment or huge losses incurred that I am not aware of (impairment is not a cash outflow and has 0 impact on net cash.) I am upset that none of the sell-side analyst from major banks have dedicated sufficient analysis to offer public the right numbers, while certain people enjoy 'offering' figures without sufficient background check.
HH2004227, thanks. Just hope I have not lead you to Holland also.
Happy New Year to everyone esp. to kahhoeng, I agree with HH2004227. kahhoeng is a nice gentleman........cheers.....dun worry be happy and better luck for 2016 :)
Roger know how to count or Not. Buy at 0.165 and sell at 0.180: Profit 0.015 Deduct 0.005 ( or 0.007) for fees equal 10% profit (also excluding cost of money)( what University you come from-----Lahat Datu, Sabah ) Next time don't introduce any of your favourite stock---sure loss money
Have u come a cross, a stock which gave rm1 special dividend, but the share price didn't go up at all. Theoretically, it should go up 0.60 at least. But this share is totally different, tat y I warned u all at the first place, won't go above 3.
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....
Roger123
1,821 posts
Posted by Roger123 > 2015-12-28 17:09 | Report Abuse
1900 point but puncak will remain at 1.50--. Hahahaha. Good bet