Kossan went up 19 sen on 11th August , one day before ex date for 12 sen.dividend entitlenent. Will supermx goes up 20 sen tomorrow which is one day before ex date of 15 sen dividend entitlement?
If you use loan or OD of 300,000.00 to buy 95000 shares of Spmx, in 3 weeks you get dividend of 14250.00. Enough to pay the interst for more than a year. What about capital gain?
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MONEYMAKERS ,may i know how did u justify 65sen prepandemic price with neariy double capacity n increase sales volume progressively in the next 2 years???
@jacklimeu2 LearningLearning Can Sifus please advise since Ex-date is 9/9, if sell on the 8/9 before closing, will we be entitled to the dividend or not. 27/08/2021 2:04 PM
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Sell on 8/9, no dividend....buyer gets it.... ------------------------------zzzzzzzzzzxxxxxxxxxxxxxxxxx
Sell on 8/9 before ex date should qualify for dividend n bonus issue
MM just simply divide 1.30/2 and get 0.65, citing that Supermax was trading around 1.30 pre Covid 19. My memory recalled 1.30 was the lowest in 2019 and the price actually went up back to 1.70 ++ before the rally due to Covid 19. MM just used whatever lowest price to compute and discounted all the expansion, cash on hand, higher ASP, automation and improvement, etc.
You must have missed one of my comments. Let me repost it again.
Aug 23, 2021 11:12 AM | Report Abuse
Nobody is hoping for PE100. Assuming June 30 was the peak for super profit and maintain 1 billion profit. That would be around EPS150 for the FY2021. Assuming that the ASP will drop from now on (as per what estimated by the market and IB back in last year before they heard of Delta, Lambda, Vaccination losing its effect after 6 months, booster shots required, world population is still under vaccinated even after 9 months), let's said the profit down back to 30% of the peak in 2023 (70% lower), that would be around EPS45. With PE15-20 which was the NORM, I repeat the NORM prior to Covid 19, Supermax should value at RM6.75 - RM9.00. Assuming in 2024, down another 30% of profit, the EPS would be 31.5. WIth PE15-20, Supermax should value at RM4.72 - RM6.30. Come 2025, another 30% drop of profit, Supermax would value at RM3.3 - RM4.41. That is 2025 for gosh sake! This only materialize if ASP dropped drastically in 2022 and 2023 (losing a total of 70%) and subsequently ASP losing 30% each year in 2024 and 2025.
All these didnt even factor in the volume increase, cash on hands, the automation investment, new biz venture (with 4-5 billions on hands, you can do wonder). The market is now valuing the counter purely on profit decline, not on the actual growth. The market is valuing the counter based on profit 1 billion per quarter and how much decline it gonna be in 2023 in comparison with 1 billion. If i made rm100mil per quarter in 2025, i gonna make rm400 mil in 2025. I still make money for gosh sake. Not that I make 90% loss as they compute it as 400mil/4 bil = 10%.
Pe 3 -5 only can be used for this year to balance out. You can't carry forward it and using low PE for the next 3-4 years. That would be incorrect valuation. In fact, some tech stocks already reached PE 100 and would it be balanced back soon end this year as the rally has been ongoing for 10 months now?
1) ASP starts dropping in April to June Quarter 2) Will drop QOQ 30% until 1Q 2022 3) 1Q 2022 is pricing is normalised going forward 4) Cost structure has changed... will not go below prepandemic price 5) will be below USD35 (per 1000) post pandemic
based on this calculation, i expect Smax to make 700 to 800mil PAT even before any expansion... due to manufacturing and distribution income... then when expansion starts to add capacities, will like break new PAT high again...
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pjseow
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Posted by pjseow > 2021-09-07 11:31 | Report Abuse
Kossan went up 19 sen on 11th August , one day before ex date for 12 sen.dividend entitlenent. Will supermx goes up 20 sen tomorrow which is one day before ex date of 15 sen dividend entitlement?