wa fat cat out jo...but me and awesome still in...like that maybe need to transfer to park in another under value counter...but seem like not much under valued counter left jo also...haiya
The major shareholder has too much stake in the company after the last corporate exercise, both in the mother share as well as the warrant. No matter how good is the company, it is not good to have all the eggs in the same basket. It is better for him to diversify his wealth. The warrants is overvalued in relation to the mother share. Hence if I were him i will do the same thing. This is my opinion.
steve, don't look at its share price everyday. I doubt it will move much because the major shareholder is selling its stakes, not sure if he has sold enough already or not. If the fundamentals of SKPRes have not changed, this company has great future.
"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” – Paul Samuelson
kcchong, hehe ya true also. only technical analysis need to monitor all the time. ok noted. btw, u have still any list u consider buying at the moment? coz i still got some cash to invest. think better don't put all in one basket (skpres). so thinking to invest one more stock. all other watch list like huayang, presbhd and hsl fly to the moon liao left little upside.
greenpower & tiekyu & friends, pls sell a whole lot la as very hard to find value stock in this overprice market as many stock reach new 52 week high everyday and i'm kinda high in cash level after taking substantial profit this week
most low PE and good fundamental stocks few months ago eg NAIM, MUDAJYA, GUH, CBIP, MMODE, FABER started leaping, some approaching their target prices respecticvely (eg NAIM)... jus a matter of for SKPRES...
forecast for the FY2014 should be double.. since most of their profit come from dyson and now, dyson in china going to increase their outlet from 9 to 200 outlets in 2013.
nope it won't because the company client's or I can say 80% are from international brand especially DYSON who are now venturing in to China market with 200 outlets in 2013 as target. So, the share price of 0.60 is not a big deal.
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....
Awesome
1,221 posts
Posted by Awesome > 2013-05-09 17:06 | Report Abuse
I'm still holding with 100 lots & I'd faith in this company. Still my TP .50 and personally I bliv it's achievable.