Healthy business flow, cash flow and assets, low debt; it won't move due to management didn't have DIV policy and they MGMT usually payout treasury share instead of cash. Patient is the key word, cheers!!
Just got a reply from fitters' investor relation department regarding expired MOU.
Deluge is currently undergoing some internal restructuring, and therefore, it was in the best interest of both FITTERS and Deluge not to extend the MOU. There may be a possibility that we will revisit this exercise in the future.
With or without the MOU Fitter is still a growing profitable company and with its earning it shouldn't be placed in the region of PE around 5, sooner or later the price will be adjusted .
on 23 Aug, i bought at 73 cts......recently show a gain of 1 cts....after 9 wks ! This Nov, P and L will determine the direction of the price. Insiders already know the result but not us....From the forum,if people are buying now, good chance result is good . Capital gain of 20 pct that is 87 cts sure can attain..Used to be a RM 1.06 share years back.Used to pay divident ,but not anymore. Base on 2012 , debt = 40 million and cash bal = 40 million...Assets have grown positive to abt 300 -400 mil. For 2013 , no time to check the data
May high 0.855, Jun high 0.83, July high 0.80, Aug high 0.79, Sept high 0.745, Oct high 0.76. AVG high past 6 mths = 0.79666. Overview movement from historical chart, all Fitters movement after breakout from 0.71/0.72 previously are alwys towards 0.80++.
MACD trends upwards. Stock broke resistance of 0.72. Quarter result expected to out on 21 NOV. Overall is bullish sign. Graham's number shows this stock is worth 1.38 based on last quarter report.
Fitters is a good counter with latest improvement on property project. In fact, this year's profit result is the best among so many years this counter listed. But I am not sure how RPGT may affect this counter's future prospect as over 50% profit come from property. For short-term trading, should be OK. To me, I just try to avoid property stocks temporarily.
Vol traded on 30 & 31 Oct during breakout rise about 9,000,00 compared to those exit T+4 today 971,00 which abt 10%+/-. Just shake off some weak contra players.
With good skill & experiences, strong players can analyst & foresee stock directions movement in normal market 2 make more good $$$$. Weak players alwys worry their underwear loose and drop down naked.... especially like "Harry".
joni...usually it is like that. Once bought it will go down and vice versa. The sharks are trying to catch the contra players. You need to hold your shares to make money. 99.9% of contra player lose money to these sharks and fitter is one of the biggest shark. So hold.
Imprtant is people are giving the right comment at the right time, not simply taruh based on own feeling or mood, it might cause life or dead to others.......
This counter always rally one day then tricked retail public to buy at high price then fall back cos no more volume. Before Us QE it was as high as 80+ then fell back to 67 I think before slowly go up to 0.7 then rally then now hovering at 0.73/0.74. Maybe next rally can push up a bit but I rather put money elsewhere cos many more attractive counters. Now GST rules
No strong rally for tis counter as always but gradual climb is a strong possibilities. Play only long term as the sharks are ever ready to catch contra players for this counter.
Open direct Gap up by 2 price lvl at 0.75 and push all way up till 0.77. The price movement today shows strong emergence from the big players. Vol, transaction value currently already higher than last week 30 & 31 Oct play 0.76 high. Seems like trying to build strong support at 0.76+/- lvl before next push.
Usually gap up is to try and trap people to buy. Hope i am wrong...Gradual built up is better and more sustainable. This is not a goreng counter so need to buy and 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....
viper88
1,798 posts
Posted by viper88 > 2013-11-04 17:25 | Report Abuse
Lol. I invest base on my own research & decision and dun care abt other Tom, Dick or HLee's prediction.