not a sifu but there can be due to many reasons. we could speculate~
Maybe he never expect the cost overrun to be such a downside factor? Cost overrun is common in construction companies, I personally feel retail investor reaction was extrapolated, I could be wrong, time will tell~
Maybe he knows the orderbook going to exceed expectation(have to buy at least few months before so that not so suspicious?
Orderbook at current standing is already 8xx MILLION for this year and I remember the director mention around April(I remember reading it on the star newspaper), that they are finalising details for a project at Sarawak, i guess that could be a big gain? There could also be more tenders that Mr.Tan is confident of winning, who knows~
Many other maybe's, in the end, no point speculating too much.
Why you never ask why Mitra drop non-stop since Mr Tan purchased? He can buy 1 time but can he buy every market day?
Posted by Wai Lock Ng > Sep 22, 2017 06:42 PM | Report Abuse Hi, every sifu here, I wonder why Mr. Tan collect the stock before the QR. Can any1 explain?
21-Sep-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 34,800 shares on 15-Sep-2017. 20-Sep-2017 Blog 成本压缩赚幅.美德再也下半年看淡 20-Sep-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 30,000 shares on 14-Sep-2017. 18-Sep-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 7,500 shares on 12-Sep-2017. 18-Sep-2017 Insider EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 17,500 shares on 13-Sep-2017. https://klse.i3investor.com/servlets/stk/9571.jsp
hi, if i am not mistaken mr tan acquired the shares before qr by exercising the warrants, instead of collecting from the market. it could be interpreted as he wanted to inject capital into his company. pls correct me if i am wrong
Just my gambling feel. Mitra "insider" will launch second phase of manipulation to bring down the price. This time will be worst than before due to the market is so calm by not selling much. And they don't hold enough of shares. Either you sell now and later or you must able to withstand price go as low as 0.90.
its funny how in the end of HLInvest research, they put there based on 10x of estimated FY18 earnings, TP downgraded to 1.15. I cannot understand the thinking of the people behind this report, they are supposed to be financial experts? They are estimating FY18 MITRA to get RM80 MILLION in net profits. obvious checks we can do is look at 2015 net profits, lower margin also contributed RM87 MILLION and FY18 already has an orderbook that is higher than FY15. Another check is the fact that RAPID projects won't drag 2018 profits, they are already at 70% completion stage. Another plus point is the fact that they will most probably claim an early handing over fees. Early handing over fees is a contract based compensation (petronas cannot suddenly say no), this means that the cost overrun caused by the fact MITRA has to rush was accounted fully for expense only as the compensation will come later when the project is officially completed.
Add-on: I think the 200-250M project aiming to close by this year is most probably the Sarawak project I mentioned.
I am obviously frustrated in the extrapolated reaction(IMO). If EPF was disposing a lot of their shares, it would be understandable that the share price is at where it is because EPF owns around 5.9-6% before the QR. However, EPF has only dispose around 0.1%. Retail follow retail, end up, all lose.
Anyways, this is definitely not a buy call or a sell call I am trying to make. I just want to share what I think and hopefully enlighten some that are worried. Anyways, if the business narrative of Mitrajaya change for real then maybe it is really time to sell. For now, not really.(IMO) For future,who knows?
1.Basing on the Technical Price Charts-MA,MACD,RSI,stochastic do not presently support any reversal in the price towards the uptrend.To be honest presently bearish.Will continue for awhile. 2.Past news on project awards did not move the price unlike other construction stocks! 3.Even though the fundamentals for the company is still intact,there is no market mover news from the company that can move and support the stock price. Key Price Indicators can assist on win decision making.Whether to Buy,Sell or hold. Just to share.Good luck.
Someone mentioned that MITRA trading price will go as low as RM 0.50 in September with no supporting evidence. When it does not happened, the same person fed the forum with threats and traps news and again, without any supporting evidence. Opinion contribution is fine as long as it is supported with supporting facts or news. Stop fear mongering if one has nothing better to do.
MITRA has a few more on-going projects and the profits generated are yet to be captured during the issuance of the last qtrly report. I agree with ESPESP's view on collection. Now may be the best time to enter MITRA.
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....
dontknowlah
5 posts
Posted by dontknowlah > 2017-09-20 14:55 | Report Abuse
These few days has been very low volume. Beware of false signals because low volume is easy to manipulate