#Fam Jenny - u summed it up well madam :) It could be the same syndicates at work...pump-and-dump but this time round they are more subdued as the Security Commission (SC) and Minority Shareholder Watchdog Group (MSWG)are zooming in their CCTV lenses...waiting to nab them for excessive manipulations of the share price...kikiki
X 6.0 pe = 0.81 X 6.5 pe = 0.88 x 7.0 pe = 0.95 X 8.0 pe = 1.08 X 9.0 pe = 1.22 peer avarage (COMel shall reach here) x10.0pe = 1.36 * assuming there is flat earning. (Very unlikely case)
The current financial quarter's revenue was RM17.9 million or 17.3% lower than that recorded in the preceding quarter. Manufacturing segment's revenue declined by 18% or RM18.2 million.
The low oil prices has affected the demand for some of our products especially those we shipped for the oil and gas industries.
The economic uncertainty due to the withdrawal of United Kingdom from the European Union also have some minor impacts on the demand of our products
Prospect for the financial year ending 31st Jan 2017 The persistent low oil prices has some impacts on the demand for our products especially those shipped directly for the oil and gas industries. We forsee this trend to continue for the remaining period of the current financial year.
When market moves against you, get out. Limit the pain n lick your wound. Hope n wishful thinking would kill you. It could go back to its base of 30 cents over time.
Looks like another sleepless night for venfx n the gang. We need to admit our mistake n undo it quickly. Sell n lift the stress. Use the remaining cash to fight another day. Lose the battle but win the war.
Thanks to mamatede , to furthur explain the following :-
Saw the results out for this counter, although i do not own anymore shares of this counter. From the quarter results, there's improvement in revenue and profit from operations. Not much forex influence on its balance sheet. Debt & liabilities also reduced. which overall is a good thing.. If they can keep up this, comcorp is worth something in the future. However there is a note on the reduced demand for their manufacturing products, if this demand continuing decline then comcorp next quarter earnings will be impacted.it also mentioned brexit as a source of factor in their earnings, so politics in UK might play a role in this counter also albeit it highlights other customer from other region such as north america.Potential upside is the recognition of their green energy sales to TNB which is not recognized in this latest quarter due to blablabla (you can read in their report) and also potential green energy project oversea. Have fun trading !
How hard I have to admit the selling momentum is pretty strong. Note I do not own anymore share in comcorp. Might consider to buy in again if price is right
Short term players limit their losses to between 5 and 12 cents. Long term players could lose over 40 cents. This comintel profit only 2mil per quater. Play stock market can get more than that per quarter. The price should go back to 40 cents over 6 months. Not so smart aren't you VenFx? If the business is improving quarterly PE should improve as well. This just shows comintel only hegeh-hegeh cukup makan only. It doesnt deserve even 70 sen.
Dudu,you report wrongly on its a/cs,the revenue for the current quarter has increased Rm11mln (rm85780k-rm74725k)and the accumulative 2 quarters has increased RM31mln(rm189 - rm158mln. Whereas the profit for the current quarter has increased rm2mln(rm2676,000 - rm774,000)and its profits for 2 quarters have increased rm5.26mln (rm7.567 - rm2.3mln). As for the earning per share for 2 quarters is 5.612c whereas the last was 1.95c,an increase of 3.61c. Your other comments were just your imagination and assumption with nothing to substantiate it,you are just a liar here.
Nothing horor. Yesterday morning was up 6 sen. Today morning cut loss 5 sen. - 6++% only. Trader got to do what trader got to do. Asam garam trader. Ini Bursa transparency problem. New rules shud be in place where 1 week advance notice is given for QR announcement. Surprised ambush this morning bcause of sell on fact mantra compounded by disappointing result.
sell, keep, top up, reduce position, totally up to each individual plan. define ourselves as short term or long term players first. if short term and your price is high, once hit cut loss then just cut. no 2nd question. if price is low, once hit trailing profit price, just take profit and walkaway. dont turn yourselves from short term to become long term by just listening to others' flowery statement because you are not prepare to hold this counters until next yr or even to next qtr. some ppl they have strong holding power and manage to take up the paper loss for long time, and meanwhile still have cash to play for other counters.
Comcorp operator in trouble now. Cannot get out; no buyer. They holding the baby. One way to get out is to press it down until your jaw drop. Then they can average out n get out in the coming days. Be prepared for the unbelievable low soon.
Don't worry guys. No matter what we says here (good or bad), share price wont be affected. Even KYY give comment also wont be affected nowadays. Unless Kyy pump in money to goreng. I only give comment on what I know. Don't feel nervous. Everybody here need to understand this. we don't have such ability to push up & down share price. We are here just to give our opinions.
Concorp trend collapsed oredi lar. No fundamental. Bubbly bubbly. Eps 1.2 x 4 = 5 only. Pe 8, fair price 40 sen only. Be prepared to donate 50 cents on a dollar for those long term holders.
Nervous? Losing appetite? Wandering mind? Unable to sleep? Signs of failing to follow basic trading rule - cut loss at the first point of pain even how painful it may seem. Bcause what is more to come is 10x worse.
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....
michaelwong
3,072 posts
Posted by michaelwong > 2016-09-23 11:25 | Report Abuse
Another round of paper lost . Tai look already !