PWROOT: Notice of Shares Buy Back - Immediate Announcement Back Date Of Buy Back Feb 11, 2015 Description Of Shares Purchased Ordinary Shares of RM0.20 each Total Number Of Shares Purchased (Units) 12,500 Minimum Price Paid For Each Share Purchased (RM) 1.480 Maximum Price Paid For Each Share Purchased (RM) 1.480 Total Consideration Paid (RM) 18,635.55 Number Of Shares Purchased Retained In Treasury (Units) 12,500 Number Of Shares Purchased Which Are Proposed To Be Cancelled (Units) 0 Cumulative Net Outstanding Treasury Shares As At To-Date (Units) 4,674,000 Adjusted Issued Capital After Cancellation (Units) 0
Shares of power giant Tenaga Nasional fell to a low of RM14.50 in late Wednesday trade after investors sold on news the government was cutting the power tariffs in March following the slump in crude oil prices.At 4.02pm, Tenaga was down 36 sen to RM14.50. Today down again to a low of RM 13.40 cause KLCI fell 18 points at level 1781.
As PWRoot kept share buy back and with present price is quite reasonable. Just bought some lots at RM1.49 I believe GST will not impact a lot to PR as promotion & advertising cost are most significant. The response from market is also good.
Last quarter lower profit was a shock. This quarter result is more of a reassurance that the company is still doing well, especially with its increase in revenue, although margin have slipped.
I believe we should see the share price to slowly creep up in the coming weeks.
If we look closely, this is actually a good result. They managed to maintain around Rm 9 million net profit except Q2 FY15. Q3 FY15 revenue of RM94 million is actually the highest considering that Q2 FY15 RM100 million includes 4 months performance due to the change in FY end.
Looking deeper into the balance sheet, their opex has reduced RM11 million as compared to Q2 FY15 (RM40 million). Believe that they incurred higher marketing expenses during Q2 FY15 due to World cup last year.I remember they promote Ah Huat coffee last year.
Their balance sheet looks like strengthen with current trade payables reduced by RM14million compared to previous quarter. However their inventories increased by RM4 million. Maybe competition is heating up. GST has impacted company with retail focus such as Padini and Bonia. Meanwhile, their competitor, Oldtown also reported a maintain earnings. Hopefully Pwroot can weather the GST effect.
@shinado: Oh, I thought he meant last quarter and not preceding year quarter. From quarter 2013-08-31 to quarter 2013-11-30 the dividend is only 4 cents. From quarter 2014-09-30 to quarter 2014-12-31, the dividend is 5.50 cents. But we have yet to see if FY15 dividend is lower than FY14 (9 cents).
why don't PWROOT keep the dividend for later stage (because if results are not good in next quarters, investors might still have a reason to keep invested for the dividend). Either they are just being foolish, or very confident of upcoming results... i guess and hope is the latter...
It is good if PWRoot keep giving dividend every quarter. Why wait for next quarter when they can give every quarter. haha.
If you look their balance sheet, their cash flow is strong, with minimal borrowing. In fact their, cash increase from RM45 million to RM60 million, currently. There are companies with huge earnings, EPS and even strong balance sheet. however very stingy in giving dividends.
I feel that this company is going to give us some sweetening in the form of warrants at a very discounted price or bonus shares from shares buy back. What do u all here think............is it possible??? Trade at own risk.
One of the possible factor for re-rating of this company is the possible construction of a manufacturing plant in UAE to serve it's middle east markets. When that is announced, it means management sees growing demand for its product in that region.
when share price going up, lot of prediction. what to scare since already going up for the existing holder.. going up until own targeted price sell off..if still dont want hold...
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....
vinvin
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Posted by vinvin > 2015-02-10 08:27 | Report Abuse
The power of root is the power of love!!! Good, good, good!!! Trade at own risk