same like YTL, last time ytl keeps share buy6 bck when the share price is low.and now they pushing their share price. Guess thats the strategy to push price, when supply less its easier to push...
UOA was listed at about RM2.50 last year. UOA is one of the largest high end developer in the country. At the listing price is has a market capitalization of RM3 billion. It is now trading at its NAV of RM1.50. That mean it is trading at one time book value. Thats a 40% discount from the listing price. Lets assume UOA was never listed in the first place and assume it is going for listing tomorrow at RM1.50. It will be at one time book value and 7 times current PE (2011). My guess is that it will be like one hundred time oversubscribe. Based on 10c div proposed, gross div yield is 6.67% at RM1.50. The last time the stock run up from RM1.20 to RM1.70 (within fews day), EPF took the chances to unload its holding from 10% to about 5% now (dont ask me why they buy high and sell low)(I cant explain stupidity). And the share price advance has been stunted partly bcoz of this i think. The good news is UOA started buying back again. And the earning numbers are still good, we will see whether they can make it to two. I surely hope it wont take long.
yes henry, so let's forget about the share price, according to report b4 the IPO 2012 will be better than 2011; 2013 will be better than 2012,hope it will turn out this way. by then it is hard to believe that the price is still this way
date of agm has not been announced, but this is not important, the 10cts proposed div. should not be a problem, after all the mother holds very high % of the share, it's the cash cow to the mother. What we have to consider is to estimate the eps for FY 2012. I leave to you, just remember, the gross profit is 52% of the rev.(very few prop. companies has this value) and the GDV for FY2012 is more than 1.5b.
This is one of the craziness in the stock market. Its offer price in June last year was 2.52 and it's now just 1.46! Wonder what's the problem - is there something that we don't know?
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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....
tamasi
119 posts
Posted by tamasi > 2012-02-27 10:42 | Report Abuse
wow, very nice daily chart