why is 40 billion contract announced recently does not make this counter move ?This contract should be valid as it was witness by so many people during the agreement signed.
Just having a purview of the information as appended will tell you at the present market price the stock is already grossly overpriced.Why buy just because of the big announcement made regarding the megaproject in P.Langkawi. I am amused when the major shareholders were selling down and the public investor buying.What gives then? View - https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0162
gcke...from the article it looks like The Director acquired the shares (5 mil + ). So why you state that major shareholders are selling Correct me if wrong.
They have sold a lot of shares prior to the latest purchase of 5.3 million shares on 31.3.2021.Please perused down and through the whole details and have a good look on the financials.
Most bursa listed construction company (IJM, Ekovest, Gadang, WCT, Muhibah, GKent) are all priced below its NTA. WIDAD is way too high from its NTA of 0.07. Thus fair price is at 0.05.
1. First let us look quickly at the financial fundamental of Widad. Earning per share (EPS) = 0.15 cents; Price/Earnings(PE) Ratio = 336; Dividends = ZERO since year 2011. Net tangible asset(NTA) = 0.07. In short this company has poor performance year in year out. With such dire financials how to embark on the multi-billion development project? What sterling track records they have in the past in managing such large scale development? As an investor will you buy the stock which at the present price is evidently grossly overvalued(PE at 336)! Don't talk of price going up to 0.675 when the stock is sorely lacking on fundamentals. 2.I will stand a better chance not to lose out on my investment if I use the money to buy and collect other shares like Mflour,Steel,Alcom and a number of others with some district fundamentals to vouch for. 3.To digest more view the information from this source - https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0162
gcke... pls check back Widad just form last 2 year under Widad name previously is another company.. by the financial statements the previous company is bad .. t but the last 2 year you can see the progress in this company. that my 5 cent point of view
The Board of Directors of Ideal Jacobs (Malaysia) Corporation Bhd wishes to announce that the company is proposing to change its name from Ideal Jacobs (Malaysia) Corporation Bhd to Widad Group Berhad ("Proposed Change of Name"). The Proposed Change of Name is subject to the approval of the shareholders of the company at the forthcoming Extraordinary General Meeting to be convened at a date to be announced later.
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....
Bren21
182 posts
Posted by Bren21 > 2021-04-07 14:09 | Report Abuse
Michael R why u deleted your posts...not relevant anymore?