RM140mil ++ cash on hand. I believe bosses and his proxies at least control 70% of the company, so left 30% is belong to other outsider. Based on 266mil share, 30% = 80mil. Assume boss offer RM1.20 per share, 80mil x RM1.20 = RM96mil. Bank account got 140mil, I believe all banker are willing to borrow boss RM96mil cash to privatise the company.
company stingy, they much be stress that their valueble shares remains in the hand of others, the only way to goes against them is hold tight as of now, we know they know what fair value of this company should be
of course yes, the cheaper the better, considering it's QR report and NTA is all valid la, then confirm is GEM. only situation this counter will become a germ is if they fake it's fundamental like SERBADK. or when future EPS can no longer sustain
@hundred-bagger don't dare to put high hope on that again lol but I also don't dare to leave this counter although I need fast cash in other counters. I afraid privatization announcement right after I leave lol so just keep parking some cash here first
"" Posted by SincereStock > 2023-02-27 14:30 | Report Abuse
reentered today at RM0.800 ""
"" Posted by SincereStock > 2023-02-28 09:07 | Report Abuse
cut queue sold at open price RM0.840, determined after in deep consideration that this stock has been in low price for long enough previously, sure many want to take profit at this point. good 0.40 profit for holding this stock overnight though, bough in just right after QR announced YTD to ride the short momentum of good result ""
managed to trade this counter overnight for profit at peak last year's february.
for this time, privatization or not, I dare to say the counter would have enough fundamental potential to break 0.84 and stay above after going through another 3 QR of satisfying good EPS, justifying to go higher than PE 5 albeit still no good dividend policy
Very good earning company, but super kiamsiap. 0.375sen dividend. Based on 266mil share, 0.375sen is just equal to RM1mil dividend payout. The company is having PAT around 48mil per year, and announce RM1mil as dividend. Really should award a MOST STINGY COMPANY award to PPHB.
Bro, if this company is paying high dividend. I think my capital has been double or triple up. Like master. This company is well known one of the most stingy companies in msia, many investors know that. Directors smarts, put company money FD in other way, every qr generate few mil then keep increase directors fees n bonus.
Although overall I still making on this counter approximately 10% I let go, but consider the money and time consumption I spent on this counter. Bursa got too many other choices. Bursa should acts like stock regulators in China , for those companies that make huge profit n stingy dividends should take legal action toward them.
As a minority shareholder, what we looking is ROE. If management not willing to distribute the profit, then management must do something with the cash pile. Expand the business, so company can earn more money, then share price can go up. If you just keep the money, no expansion, no dividend, then how share price can move.
For me, I think PPHB management is very good in hotel management business, their PRESTIGE HOTEL is very well managed, every customer that stay there before all very satisfy.
In this scenario, I think company should setup another hotel, and duplicate the management to 2nd hotel. Penang tourism business is booming, company really should consider to expand on the hotel business.
Eric bro, u must be worked inside PPHB. A company to get public listed get money from investors for expansion help them make more if they could, u asking what contribution shareholders has made? Maybe pphb management thinking like you, that’s why they stingy.
@Macrullen agreed lol what a funny statement by Eric. you don't ask what your boss did to the company to deserve the company's profit. we minor shareholder own the minor piece of the company and we own the minor piece of the profit. there is no such thing as we deverse it or not because it is technically our own thing.
last year the same QR (27 feb 2023) EPS only 4.35, price can rally till 0.84. this year 8.09 EPS can reach 0.835 only? face palm, hopefully good show later
recent support (before this QR announced) at 0.73 to 0.76 level, myself consider this as worst case scenario ground in case of serious profit taking
PPHB is a undervalue GEM. When the timing come, It will shine like a Diamond. TP 1 = RM0.70 (Achieved on 10th Jan 2023) TP 2 = RM0.90 (Now is RM0.825, very soon can reach RM0.90) TP 3 = RM1.20 (Hopefully can be achieved within Year 2024)
PPHB moving up nicely. New high since Dec 2020 high 0.895. I think more than 50% chance of exceeding that this round. Let's see.
Today is the 3rd consecutive days my portfolio made new all time highs in May. In April, I counted the portfolio made new all time highs 10 days.
What a strong year this year has been. Thank-you Mr Market!
Thanks to PPHB, UOADEV and other greens offsetting reds, my portfolio made new all time high again today! Helped that KLCI closed green. Hope everyone made money!
PPHB inches up 0.5 sen, KLCI moved up to 1605! Today is 4th consecutive days my portfolio made new all time highs in May. CARLSBG and CAPITALA helped too. 23 greens offsetting 13 reds, one of the reds being LCTITAN.
I just blogged about PPHB. Nice moves. More to come for the patient long term investor - I'm thinking at least another 2 years if not longer as long as it keeps generating cash.
Yup. Thanks to PPHB, plus the greens offsetting the reds, my portfolio made new all time high again today. Thank-you PPHB, thank-you Mr Market. With so much cash, I hope one day it will decide to pay out some dividends and that is going to be very, very good for long term investors. Normally, "hope" is not a word I like to use when investing, but here, the longer term upside looks more promising than the downside given how much it has generated net cash the past few years. It wasn't always like this, but the company has changed the past 4-5 years and let's hope management continues to generate cash like this.
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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....
SincereStock
2,367 posts
Posted by SincereStock > 2023-11-28 13:54 | Report Abuse
sure possible is time to reward investors