Paragon, profit 1st Q 31/3/2016 RM 1,800,000 2nd Q 30/6/2016 expectation RM 1,200,000 properties under value RM 45 Million annual profit RM 5million +- (courts private settlement) so reasonable marketing price i think is rm 0.8. this was the 2nd wave, 1st wave, 0.2 to 0.3, 2nd wave 0.3 to 0.5+-.
I believe jwyap is right and the company is on track to make more profit and I believe the monopoly of the carpet business will be under their hand. further not much debts and it is undervalue stock.
PARAGON UNION BERHAD (Company No. 286457-V) Quarterly Announcement For The Quarter Ended 31 December 2015 12 In the 4th Quarter 2015, Wong Chee Kong & Poh Hock Leng propose a settlement and after numerious negotiations, both parties had on 29 January 2016 agreed on final settlement sum of RM5.0 million; of which upfront payment of RM1.0 million been received on 06 February 2016 and the remaining RM4.0 million will be settle in 10 equal monthly installments.
More selling is a chance to buy more at lower price.. Profit taking is expected at anytime.. As we know yesterday already up more than 50% and today just drop less than 10%.. Looks like another upside will be expected.. This company also expected to make more profit this year.. We cannot predict accurately what will happen tomorrow but its good potential still there..
I just join in this counter..so dun have many news on this.. Check the qr report the company is in profit.. so I buy some at 0.5.. Expected will continue up to 0.60 on today..but fall down on today.. Just a bit worry..
If today up to 60 there is possibility that Bursa will issue UMA then tomorrow high potential to down like waterfall.. Just see tomorrow whether its momentum will be continued or not.. I also saw someone keep accumulate between 0.47-0.485..
seen that they are clearing the contra share,therefore the volumme is getting small n smaller. this counter is having at least 3 good news, 3q report, n 4 q report profit. min 1.2million profit per quarter. ( court private settlement rm400,000 per month til dec 2016). and the 3rd is revaluetion of the property. ( last date of revalution was 1998, so these are undervalue more than 45m today.) all above informations are stated in recent annual report. those why i confidence about this counter. Buy for your own risk, pls not to brabra me when you lose.
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....
jwyap
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Posted by jwyap > 2016-10-10 18:59 | Report Abuse
Paragon, profit 1st Q 31/3/2016 RM 1,800,000
2nd Q 30/6/2016 expectation RM 1,200,000
properties under value RM 45 Million
annual profit RM 5million +- (courts private settlement)
so reasonable marketing price i think is rm 0.8. this was the 2nd wave, 1st wave, 0.2 to 0.3, 2nd wave 0.3 to 0.5+-.