Ha! Ha! Why Don't you tell all the people here that GREAT RAIDER ONCE OWNED 3 MILLION PM CORP SHARES. He also stated that PM Corp is worth at least 26 cents. Why you don't tell the truth and keep saying bad stuff about PM Corp'
Before you sold PM Corp You Praised PM Corp and Told People To Buy. After you Sold All PM Corp shares You Say very negative things about PM Corp. Not only that you also say bad things about Directors & KKP. This is NOT RIGHT MAN!
Based on the q results published here it does look like the last 2 quarters and first 9 months of 2014 were positive although a small one, unless you include the last quarter of 2012 into the picture? I am not good at accounting. This is not a buy or sell call. Now must add disclaimer mah haha. Peace!
Davidkkw79. I'm buying in n even can't get. What do u mean by trap? Every counters that v r trading will also get into a trap at any point of time. If scared of TRAP then don't trade in the Bursa. V can alwats keep our money safe in the bank in fixed deposits..........very safe n don't have to think of anything........also can sleep well! No offence friends n please take it generally. Sorry.
aiyo, very scare get trapped in tafi loh. tomorrow pick up loh.today closing gain 0.005 enough to cover commission loh.why people here so worry I sell before CNY. don't I have the right to sell/buy/hold.my inari-wa also up 0.03 cents loh; please hope that your call to sell in inari forum come true loh.hahaha
1) TAFI Price Has Run Up From 20 cents to a high of 36 cents. But the fundamental of TAFI is deteriorating by the day as we enter year 2014.
2) Year 2014 is a year of price increases for petrol, sugar, paper, electricity, assessment rates, real wages, gst & toll rates. As such household expenditure has increased. There will be frugality and belt tightening going forward.
Fanciful furniture sold by TAFI will face formidable headwinds. More people will keep the same furniture. If still working, why replace it? Or go to IKEA to save some money. So TAFI sales will be impacted.
TAFI shares weakening foretell a softening market. The Share Movement is 6 months ahead of the real market results on TAFI Balance Sheet - and it will be really bad!
So Sell And Get Out Now! Don't wait. Act now!
He who fights and run away will live to fight another day.
The par value of Tafi is 50 sen n the net assets per share is 75 sen n the price at the moment looks quite reasonable. Moreover the company has now been making profit for the latest two quarters although small but has improved. This is my opinion only. Trade at own risk.
Yes. The NTA is 75 cents because TAFI did an updated revaluation on it. Based on NTA share price has already run up to touch 30 cents now.
But the actual business of Tafi is facing formidable headwind going forward. People have little money to spend on fanciful furniture due to price increases of toll roads, electricity tariff, petrol, sugar, paper, assessment rates, 6% GST & doubling of wages for workers.
For safety better switch to SILK Holding. SILK Has Good Contracts From Petronas & Increasing Traffic From The Population Boom in Kajang. SILK Will Prosper For Years To Come.
Just think. In 10 Years time Will SILK TOLL ROAD Be Still Around? Or will Tafi last for another 10 years?
you talk like you know many thing. when is the revaluation done? who say people no money to buy furniture? is the furniture for local or oversea consumption? check before you shoot.in what way this stock not better than pmcorp.please tell me.this stock don't have to wait 10 years to have capital gain.
With the US Tapering the economies of the whole world will contract together. Every country will be hit - whether selling in M'sia or elsewhere will be affected.
An overlooked Wood related company is CYMAO. CYMAO price is very depressed at 35 cents. It has an NTA of RM1.27. Plywood is its main goods. As times get from bad to worst people will switch to very basic material like plywood - which is cheap and affordable.
So change Tafi for SILK or CYMAO for a more defensive approach.
Referring to my thread dated 18/01/14, the par value of Tafi should be RM1.00 n not 50 sen as stated by me. Sorry for wrongly stated. Trade at own risk.
Morning mike. U r early too. Ya u r right it's 50 sen but I got it wrongly from the latest information stated in the accumulating of shares by Dato' Saw.
ppl sold out, but just didn;t tell you. when it up, then master will come up and said they still holding it with strong confident. When it down to hell, then master will come to tell you, they have since very early has sold out all, they still untung kuat kuat.... At the end, master still always is the winner in stock market. haha
TAFI Industries (TAFI MK) Technical BUY with +26.8% potential return Last price : RM0.410 Target Price : RM0.475, RM0.520 Support : RM0.400 Stop-loss: RM0.380 BUY with a target price of RM0.520 with a stop loss below RM0.380. TAFI’s share price has consolidated over the long term and formed a “cup and handle” pattern and breakout from the pattern on 17 Mar 14. Given the healthy pullback afterwards, TAFI has recovered and closed above the strong resistance of RM0.400 yesterday on the back of a higher trading volume of 2.4m shares (vs 20-day average of 0.4m), which can be considered a genuine breakout. A bullish crossover in both MACD and Stochastic suggests a stronger momentum and thus should in our view translate into an upward movement hereafter. Moving forward, we peg our upside target at the 1.61x Fibonacci extension level of RM0.520 which is also equivalent to the X to X projection of the “cup and handle” pattern.
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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....
Chrollo
1,143 posts
Posted by Chrollo > 2014-01-05 22:30 | Report Abuse
@mikekong, as far as i know, Graham's theory never agree to investing in a loss making company..