Strong enough for bonus 1 for 4 shares held. Land purchased to be paid partly cash n bank borrowing, so also strong enough for big dividend, am expecting 4-5 cents per share, which will translate into 8-10 cents per share. The major share holders are also expecting big returns after so many years. Let's keep our fingers crossed.
Nan yang biz dated 28/9/13 reported very positive abt prolexus in terms of volume n closing price. The report said prolexus should trade upwards, next target 1.28. Goooood luck.
The correction today probably because Alex of nextrade blogged that the stock is fairly valued at RM1.12. Alex valued prlexus at 5x PE. Q4 is 60% more than Q3 and FY2013 is 24% more than FY2012. After Mitrajaya run, I believe coys with older shareholders who have invested their time to build a coy also want to reap the benefits. The recent share split is a good sign that the main shareholders want to unlock values. If share price weaken further, it is good opportunity to accumulate. But I think this counter is for investors, not so exciting for traders.
Woa! Alex so powerful ar! Dun be so naive leh... This stock up from 0.90 to 1.17, definitely there's profits taking as there's no follow through volumes, the gap filled. Still looks good n hopefully the play Will continue till announcement. Will collect some more...
Prolexus should scale higher after closing the highest in more than a week. Investors can initiate positions if it stays above MYR1.70 today, with a close below MYR1.60 as a stop-loss. The price target is at MYR2.25, if the resistance of MYR2.00 is broken. Failure to stay above MYR1.70 could see the stock trade lower while further support is at MYR1.50.
Cash per share of abt rm0.7, superb profits, low PE ratio, basically 0 liabilities n started to pay dividend, I dun think we can find many of such company. Just wait for the turbo engine to re-start.
The share price action, very 'no action' lah. Anyway, I am determined to hold till the value is unlocked (keep finger cross..). If market is only prepared to pay 5x PE, so be it... The company could not pay dividend in the earlier years because it was on deficit, but the current mgt team has done good job so hopefully better dividends are on the way..
If the price fall, who knows, may be chance to accumulate more.
Totally agreed. M expecting dividend announcement plus bonus issues at the end of this month or early next month. It will go up gradually n steadily, for sure.
don expect too much for bonus issue .... it only can reach or above RM 1.30 if management generous in giving dividend , or they declare dividend policy ...
Have confidence in this counter you have chosen..those selling in huge amount at rm1.12 will regret it when it hits 1.20...LOL! Look at NIKE how many of you own at least a NIKE brand at home...so the sales of NIKE worldwide is an escalating figure, from Grandpa to grandchildren...billions!
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
120453
712 posts
Posted by 120453 > 2013-09-26 22:38 | Report Abuse
Kinz, you're long term investor, how do you rate this stock n what's your expectations in terms of pricing, dividend or bonus issues?