If you visit Padini during sales period, you will be amaze with the crowd. H&M, Uniqlo, Giant or Tesco have no chance in competing. Aeon possible. 8% DY who doesn't want it?
The above three gentlemen asked very good questions. Three of you are good investors.
I have the same concerns as you and has no answers to the questions yet, but I have bought a lot of Padini. Most of the times, I have no means to fully understand every aspects of the biz, as long as it looks attractive in overall, I buy. As a result, as at today, I lost a lot in Padini. Nevertheless yesterday I still bought 10k at 1.37 to average down the overall cost. He! He! Share market needs stupid people as me to keep alive, needn't it?
big players trying to shake us off small ikan bilis but we shall ride against the tide when everyone else is panic selling. once big fishes accumulated enough, they will reverse the tide. certain counter movement is orchestrated, if not how 'syndicates' and funds make money? well, big players also hire spinners to create "fear" or even "false hopes" in forums. don't trust everything you read here, even analyst reports... and even what I say. Just do your homework and observe the world for yourself :)
This is how funny when people think gst will have a big impact to padini, one must understand that the gst affect even h&m, Uniglo etc, no one can escape it. U think pasar malam will not increase their price? The pasar malam vendors may not affect by gst but their suppliers sure will. So they will increase the price as well.
Economic is complex.. Not as simple as we thought.. During good time border poor people become slight rich and move into middle class, during bad time border rich man fall back to middle class :)
I'm averaging down Padini I bought at a higher price, dividend yield of 7% or more will cushion further price drop, in case there's more correction, just hold tight and collect dividend. Padini has been around for years and will still command its fair share in the apparel market
If I ask people to buy now at this price most likely people will just say better to wait and see what will happen in next couple of months and so.... I have collect quite a number for the last 4 trading days.
Newbies here should do your homework too whether it is wise to too up at current price. All of you can look at my track record here. I have been shouting sell since Padini was trading at 1.9X and people ridiculed me during that period. You know for every 10 cents drop there are the same bunch of people saying they have bought more for dividend. Whether they really bought more we dont know. It is up to your judgement. You know when desperate and hopeful people have no more bullets they will promote the stock to save themselves. Gawd bless the dividend investors. Gawd bless the buffett wannabes.
why they painted a very bad picture on Padini ? The mere reason being they wanted to buy cheap .....they wanted to buy more at dirt cheap price....They are talking about how bad the GST will affect Padini but not others ? Just imagine how naïve they are ? How can GST affect Padini alone ? For the vey simple reason is that they wanted to buy Padini but not at the present price , so they are putting all the rots in Padini so that they may get a chance to buy cheap which may not come eventually....we are looking forward for another quarterly div ,like it or not it is still coming albeit poor market sentiments....
I think its a good stock. Only thing is that now with Uniqlo and H&M in the market i think Padini revenue and earnings might be decreased in the coming months and years. What do you think?
Big batch of buyer block at 1.35!!! I guess there are some big player was playing the game behind and trying to knock us out who can't hold on tight, is the only reason why price non stop dropping!
While everyone is selling, at this price it is worth considering to accumulate. Down side risk is there but my opinion is anything drop below 1.3 is looked unlikely.
You are not alone. If you are an individual, you are a dusk. If we are together, we can be as big as an ocean. Never give up. Let it drop, I have been accumulating since some time ago. When come to a big fight, we need to fight till the end. I will just show hand.
Flinstone, last time u said u want buy at Rm1.4, now alr below ur target price, why nt buy and said will drop 10-30% somemore? When RM1.2, then u will say, will drop another 10-30% somemore, this Flinstone really no "balls".
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....
Newbiebetta
84 posts
Posted by Newbiebetta > 2015-01-14 15:04 | Report Abuse
If you visit Padini during sales period, you will be amaze with the crowd. H&M, Uniqlo, Giant or Tesco have no chance in competing. Aeon possible. 8% DY who doesn't want it?