Posted by Alex Leow Sze Shen > 2013-02-15 21:25 | Report Abuse

wow! Tabung Haji bought this share....good prospect leh!!

Posted by pbm8682 > 2013-02-15 21:32 | Report Abuse

wow!!! ... at last. must increase holding at least 100lots....

Posted by Alex Leow Sze Shen > 2013-02-15 21:35 | Report Abuse

The liquidity had been increased where Dato Gan sell then LTH bought! :)

Posted by necro > 2013-02-15 21:54 | Report Abuse

Hmmm...
Nak buy ke taka?

Posted by sephiroth > 2013-02-15 22:48 | Report Abuse

LTH have 90 million shares(10% stake), if go down, LTH will definitely average down just like they did for evergreen, downside limited

Posted by pbm8682 > 2013-02-16 10:13 | Report Abuse

90millions share is just a penny to LTH.... surely SKPRES will start to take off in shortly.....

Posted by sephiroth > 2013-02-16 21:36 | Report Abuse

if they could throw a dozen of pennies, this counter will breach 0.40 in no time

Posted by necro > 2013-02-16 21:40 | Report Abuse

Wow!

Posted by sephiroth > 2013-02-16 21:53 | Report Abuse

who sold this big block of shares(10% stake) to LTH??? renown million but no annoucement yet

Posted by necro > 2013-02-16 21:59 | Report Abuse

Bro sephi bukan latuk dlm skpresssSs doing dat kaa?

Posted by anbz > 2013-02-16 22:28 | Report Abuse

entah2 tabung haji beli murah ... evergreen fr above RM1, now 0.60, brother sephi, what kind of average is this? this average = ramunia average= THheavy burden ma

Posted by anbz > 2013-02-16 22:30 | Report Abuse

by the way skpr still a good counter, magnificent growth,the question is can it sustain its growth

Posted by sephiroth > 2013-02-16 22:57 | Report Abuse

lth have only few bad apples like thheavy n evergreen, their holdings on power root more than double in price from 0.50 to 1.20, they r also slowly buying more on glomac which have reit yield(above 6%)

Posted by sephiroth > 2013-02-16 22:59 | Report Abuse

sorry they don't have shares in pwroot, only kpf have.

Posted by sasopi87 > 2013-02-17 20:14 | Report Abuse

the question is why LTH increase their stakes in this company to 10%......any reasons about it?

Posted by shahnd > 2013-02-18 09:27 | Report Abuse

lot of buying this morning..

Posted by mysterious99 > 2013-02-18 10:11 | Report Abuse

any prospect on this counter?? buying volume looks promising

Posted by HarryChin > 2013-02-18 11:09 | Report Abuse

target price can reach 0.50sen?

Posted by sephiroth > 2013-02-18 11:16 | Report Abuse

Volume quite good but share price didn't even move an inch

Posted by shahnd > 2013-02-18 11:28 | Report Abuse

seems that its like accumulate slowly huh

Posted by kenlee1111 > 2013-02-18 13:07 | Report Abuse

ready to fly??

Posted by kenlee1111 > 2013-02-18 14:33 | Report Abuse

or...

Posted by kenlee1111 > 2013-02-18 16:18 | Report Abuse

any sifu can give some comment??

Posted by WilliamWang > 2013-02-18 16:22 | Report Abuse

yaya fly to rm 100 per share ..

Posted by kenlee1111 > 2013-02-18 16:24 | Report Abuse

Mmm....tq very much...

Posted by WilliamWang > 2013-02-18 16:26 | Report Abuse

can get a ang ang ang ... pow ....huat ... or see ah ???

Posted by necro > 2013-02-19 13:40 | Report Abuse

Director sold shares?..
Aikkk...
Bad news?

Posted by vivos > 2013-02-19 14:18 | Report Abuse

Might have a few possibilities here.

1. Throw some now later after ge buy back la. Then can make some profit.
2. Director want to increase liquidity so can move up higher to another stage since quarterly report going to release.
3. You know la, director want to scare everyone by selling a bit first later one-two days before quarterly report than sai lang.

Possible the stock to surge as tabung haji has increases their stake while director increases the liquidity of the shares.

Posted by necro > 2013-02-19 15:34 | Report Abuse

What kind of method is that?
Remind me to mbf wa when the latok throw his shares till 7cents then collect back slowly until price like now...
But is this technique apply to this counter?
How many point will skpres going down if news LTH buy skpres already known by public...

Posted by sephiroth > 2013-02-19 16:23 | Report Abuse

Reason given by TA
we consider all these series of disposal transactions made by the Gan
family as means to re-align the share price to the group’s profitability and not
exit strategies, before resorting to the privatization option. In our view, the
disposal is part of the plan to improve the share free float after the company
issuing bonus shares (1:2 bonus issue) and free warrants (1:5 warrant issue) to
shareholders in June-12. This will enhance the tradability of SKP shares and
remove the liquidity discount attached to the share.

Posted by Desmond Liew > 2013-02-19 16:27 | Report Abuse

i think part of the reason they dispose is due to the opportunity of GE13. While GE13, everyone will dispose, then they can slowly buy back then at cheaper rates,, hehehe..

Posted by necro > 2013-02-19 16:45 | Report Abuse

wow what a PURE HEART Gan family has..

Posted by sephiroth > 2013-02-20 16:28 | Report Abuse

It's already 20th, how come so few companies report earnings?? last quarter this counter report earnings on the 1st week, this time, have to wait til next week

Posted by hornetsjet > 2013-02-20 16:32 | Report Abuse

Haha... Maybe the report not so pretty. Don't show so fast first, see how to let the report looks more promising,

Posted by Alex Leow Sze Shen > 2013-02-20 22:01 | Report Abuse

Looks like SKPRES had invested a lot in building a new building. I think this year earnings would hit a bit!

Posted by pbm8682 > 2013-02-20 23:36 | Report Abuse

a bit curious, i wonder the target price is so high, LTH invest 15mil but still the price keep on dropping...

Posted by Eden Thean > 2013-02-20 23:54 | Report Abuse

good fundamental company will fly one day like ksl :D be patient.

Posted by sephiroth > 2013-02-21 09:31 | Report Abuse

alex, they have to invest to increase capacity or else profit growth will be stagnant.

Posted by Alex Leow Sze Shen > 2013-02-21 11:37 | Report Abuse

yes, that's why i said the earnings will take a hit till later then the earnings will start coming

Posted by keringkontang > 2013-02-26 14:35 | Report Abuse

good time to enter!!0.36!!

Posted by sephiroth > 2013-02-26 17:43 | Report Abuse

9.75m profit below expectation, down again tomorrow

Posted by Alex Leow Sze Shen > 2013-02-26 17:51 | Report Abuse

yes, it dropped earnings

Posted by Alex Leow Sze Shen > 2013-02-26 18:02 | Report Abuse

bad news overall and NO DIVEIDEND!!

Posted by kcchongnz > 2013-02-26 18:13 | Report Abuse

sephiroth, Compared with preceding quarter, the revenue had reduced by 25.3% from RM121.17 million to RM90.47 million. Profit after tax reduced from RM11.86 million in last quarter to RM9.76 million. You may be right that its share price may drop tomorrow. That is how the market participants will react. But shall one react to each quarterly result when investing. Company performance bounces around each quarter, and may be even 1-2 years, but the important thing is the long term trend. What is the trend of SKP Resources for the last 5 years? But if you want to look at short-term of yearly performance, do you think it will under-perform last year when its 9 months net profit is 33.6m, 28% higher than the 26.3m the previous 9 months?
Have a look at its cash flow. CFFO for this 9 months is excellent at 44.2m. After the capex of 6.9m, free cash flows (FCF) is 37.3m, huge amount considering its size. It is this FCF that shareholders get their good dividend. The rest of the FCF is retained in its balance sheet. Notice that cash has increased by 23.5m? These are more important things for a long-term investors. Agree?

Posted by sephiroth > 2013-02-26 19:58 | Report Abuse

kcchongz agreed, i am planning to collect on weakness just like i did previously at 0.32. FCF is indeed strong and cash and cash equivalent is RM80m or 8.8 sen per share. Alex, dividend will be announced next quarter

Posted by pbm8682 > 2013-02-26 23:27 | Report Abuse

8.8sen per share is 25% from the current share price.... it is definitely above average for our klse.... i wonder, it would be better is they pay us dividend or start a share buy back program... am i right?

Posted by kcchongnz > 2013-02-27 03:57 | Report Abuse

SKP Resources has been generous with its dividend payment. Last year, dividend increased to 3.1 sen from 2 sen of the previous year. This is equivalent to a dividend yield of 8.8%, more than twice the bank FD rate, with its share price at 35 sen. Isn't that already very good? A growing company needs to retain some of its free cash flow for capital and maintenance capital expenses for growth or maintaining its competitive advantage.

Posted by kcchongnz > 2013-02-27 05:18 | Report Abuse

Oop, something wrong. Free cash flow is obtained after capital expenses. FCF can be used to do other things such as other investment, give dividend, lower debts (SKP Resources has no debt), buy back shares. SKP Resources need to maintain some cash in its balance sheet when a good investment comes by, or as a buffer when things are not so good, I think.

Posted by talk2pkc > 2013-02-27 05:45 | Report Abuse

Why selective Directors reducing holding , dmmmmmmm

Posted by Alex Leow Sze Shen > 2013-02-27 12:02 | Report Abuse

I read SKP resources, still looking good!