Shareholderz..TP only 0.48?. Based on sum of parts valuation of Scomi's stake in Scomies & Scomien at today's closing price of 1.06 & 0.42, its stake in both that companies are worth 0.90. Apply a holding company discount of 30% & we arrive at 0.63 which in my humble opinion is the TP of Scomi Group at this moment. Basically the TP will depend mostly on the valuation of Scomies. If Scomies hit its target price of 1.24 that was called by HLB, then Scomi's TP will be 0.73 (after 30% discount applied to RM1.04)
beLIEve..I always thought that: Assets-Liability/number of free float shares = nett assets per share.. TP & NAPS are different. You may correct me if I am wrong.
Scomi Group (SGB MK) Technical BUY with +20.5% potential return Last price : RM0.415 Target Price : RM0.43, RM0.50 Support : RM0.39 Stop-loss: RM0.385 BUY with a target price of RM0.50 with stoploss at below RM0.385. After hitting a high of RM0.49 on 14 April, SGB has been moving downwards and consolidating within RM0.39- 0.405 over the past 11 days. However, share price is set to end the current downtrend line following last Friday’s breakout above the immediate resistance of RM0.405. An extremely higher trading volume of 64.1m shares (vs 20-day average of 10.6m) was recorded, implying fresh buying interest which could create a new up-leg. Bullish crossover in both the MACD and Stochastics signal growing momentum which could send the stock higher in the near term. We peg our medium-term upside target at 52-week high of RM0.50. Expected Timeframe: 2 weeks to 2 months
I am not a sifu, guru, fortune teller etc So unfortunately I can't predict all of the above. The stocks I have listed above are all doing well, with more potential to come.
Hahaha, that's the million dollar question, many of us have been holding for some months now,with very little movement. However, we are hopeful that news will start to trickle out soon and push the price up,see the link above.
stockaki - 0.5 for short term? Depend what your definition of short term. If you refer to 3 months then it's about 15% return from the current price to your TP :-) Good to you and everyone else that are holding.
Just wonder who bought over Abu's shares ? Can not be the retailer ,then, who hv the capability to absorb 90mil shares from open market n yet not become substantial shareholder ?
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....
shipcapt
303 posts
Posted by shipcapt > 2014-07-30 11:43 | Report Abuse
today no show..still hari raya mood :-)