With cash in hand, there are many opptunity for Puncak to explore and bargain price.....palm oil estate could be viable business currently....export oriented + USD. Other business can be waste to energy concession.
interest earn by puncak also not enough to cover rozali remuneration. it is about 40 million a year. Hope he can reveal soon what he going to do with the cash.
Yes, keep on, It is only due to company uncertainty with use of huge cash pile and bad market sentiment, everyone call for sell, resulted desperate cut loss seller outpace bargain buyer
With supply more than demand, then only can buy and accumulate at weakness share price, resulted more bargain and discout offer ahead. The more depress price, the more margin of safety back by intrinsic value.
rMoi, no. At this price, it means all of Puncak non-cash asset has 0 value and its CASH has less than half of its value, as if the money is parked in a no man land under unknown currency... 2.6 bintang bintang?
wtf ... wanted to buy just now but damn takut luckily tak masuk... this fella rozali shud come out and say what is the direction of the company. Existing biz after selling off core biz not looking hopeful. On paper this company asset (liquid and fixed) very chun and definately shud be at least RM2.
When market is tanking and one received margin call, guess which shares one need to sell to cover the hole? Everything. Puncak has no market depth, hence easy to be pushed down. Chinese new year here early. Fundamental analysis will not be wrong as long as based on facts.
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....
r°Moi
5,802 posts
Posted by r°Moi > 2016-01-20 16:54 | Report Abuse
TP by IBs around 1.80... subject to upward revision when new business direction is clear