share base to almost triple from 76.8m to 211.2m after all the rights issue and private placement. As a result, if you annualize the latest profit of RM5.34m to become full year RM21.36m.. next year EPS is 21.36/211.2= 10.1 sen. Looking at share price at RM1.10 now, I believe it is already priced in at about forward PE 11x (against historical average PE of 10x)
Thats bulls**t calculation. How can you just annulize the last qtr profit and take it as next years profit. plz don't mislead the investors unless you have sought management's guidance on the forecast.
dear Hotrod, many of us don't have management guidance (just normal investors with no extra connection).. if you are kind enough please share with us the guidance for FY16 by the management
I think fayeTan's comment is logical and prudent, by taking into current quarter's profit. Not to mention the share base have increased substantially, which will affect the EPS. However, looking into current news and disclosure by the CEO, seems that the company will be expanding and probably this will lead to the growth of the company, which is in turn a positive news.
Chart-wise, EG’s share price has broken out of a “Bullish Wedge” formation to signal a resumption of its prior uptrend. The MACD has also completed a signal-line crossover to reflect a build-up in buying momentum. From here, we expect further gains towards the RM1.30 (R1) measurement objective (MO). Traders may look to buy now, with a target price 3 bids below the MO at RM1.27
Alex Kang said rm6 in bfm..but i discounted 50% at Rm3...very EG to reach rm3...Uncle Kyy have 4 million share + 2 mil warrant, cold eye got 3.1 mil share + 1.8 mil warrant...hoseh
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....
fayeTan
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Posted by fayeTan > 2016-01-05 12:26 | Report Abuse
share base to almost triple from 76.8m to 211.2m after all the rights issue and private placement. As a result, if you annualize the latest profit of RM5.34m to become full year RM21.36m.. next year EPS is 21.36/211.2= 10.1 sen. Looking at share price at RM1.10 now, I believe it is already priced in at about forward PE 11x (against historical average PE of 10x)