Buy when it is down for hot counter and sell when it is up . ........don't chase . Many people lost money when they apply the wrong principles . .....just the opposite of it !
Group executive chairman and managing director Datuk Tan King Seng said after a shareholders’ meeting that JHM would supply signature lighting lamps for the rear end of branded cars of a North American customer.
Whereas, the said deal shall be generates US$50mil ( x 4.10 = RM$205mil), per annum starting next year. So, try to put that in a simple calculation..
[Contribution impact from new North American customer]
- Annualized profit (excluded existing income) > Rm$205 x 0.10 average gross margin = $20.5mil - Earning per share (e.p.s.) > $20.5 / 123mil shares = $0.167 eps. - After Bumi special issue dilution > $0.167 / 1.125 = $0.148 eps. - Fair valued to JHM, apply x10 p.e. > $0.148 x 10 = $1.48 ( my another winner counter)
( Hope to get a more oficial announcement from the management; btw, Jhm got to need more funding source to support their huge capex this round. Probalby, a right issue ? hmmm,,interesting )
That would depend if the buyer is able to absorb the selling pressure by contra players. Looking at the volume today, I believe the selling has subside. Which way this would go, I have no idea. Just sharing my observation.
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....
goreng_kaki
1,909 posts
Posted by goreng_kaki > 2016-03-01 13:17 | Report Abuse
sell at 2 and sell at 1.7 is much more different