need to break 1.44 as well, the Feb 2017 high, if can break 1.44, then I think we can aim for 1.7 first, then will consolidate a while before heading to 2.0
Johore Tin unit to make US$2mil investment in Mexico TheStar Wed, Apr 12, 2017
PETALING JAYA: Johore Tin Bhd is set to make a foray into Mexico with a US$2mil (RM8.8mil) investment via its dairy products unit Able Dairies Sdn Bhd.
The group announced to the stock exchange that its unit had signed a Letter of Intent (LoI) for the subscription of 40% interest in shares in a joint venture company to be incorporated in Mexico.
Other members of the JV company, Able Dairies Mexico, SAPI de CV, are Marco Antonia Zannie Rafols, which also has 40% interest, Juan Pablo Anaya Zermeno with 9% interest and Rodrigo Anaya Zermeno with 9% interest and Enrique Ortiz Eng with 2% interest.
“The total investment will be an amount up to US$5mil, of which Able Dairies’ proposed subscription share shall be US$2mil,” the group said in the filing.
It said the LoI was not expected to have any material effect on the issued and paid up share capital, net assets and earnings of the group for the financial year ending December 31, 2017.
“The board of directors of JTB, having considered all aspects of the LoI, is of the opinion that the LoI is in the best interest of the JTB Group,” it added.
It said none of the directors, major shareholders, and persons connected with directors or major shareholders of the company or any of its subsidiaries have any interest, direct or indirect, in the LoI.
WaAdaLui you are right. This counter is 务实低调, since they released this news means definitely will bring huge return to them. That's the reason to hold for long term :)
If I just calculate div payout, FY2014 is 25.2%, FY2015 is 21.6% and FY2016 is 10.3% only. It does not consistent for recent years. Maybe the main reason is they need fund for the JV in Mexico.
for the last 2 quarters, this stock went up 1 month before the QR, and down after a good QR, so is about time to go up before the May QR, lol, worth to bet lor
“The top ranking stocks during this period were KESM Industries Bhd (175%), Johore Tin Bhd (111%), Elsoft Research Bhd (93%) and Yong Tai Bhd (80%),” he added.
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....
tkp2
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Posted by tkp2 > 2017-04-05 16:16 | Report Abuse
if mother 2.0, warrant 1.0, huhuhu, syiok sendiri