PTransit always declared dividend separate with quarterly results? Jan 2019 declared dividend and paid in January. But quarterly result announced in May 2019.
Look at the report, payable 19m and debt 2m being clear slowly. Capex is slowing down already which mean construction soon to be finished lesser money spend. Management is know what they are doing. With great expansion come with high risk (loan interest). I believe cash flow is prioritize to clear these before distribute to shareholders.
PBB Update on Terminal Kampar. Despite the completion of the construction of Terminal Kampar at the end of FY18, there is a delay in commercial operation date from projected earlier. The first phase of for the Ground Floor operations was only received in May 2019. Meanwhile, the 2nd phase of the CCC approval (for the rest of the Terminal) is only expected to be received by 4Q2019. We believe full contribution from Terminal Kampar is estimated be around RM10m, or c.28% of FY18’s earnings.
Project facilitation fee The Group provides services and rental of facilities to potential customers in relation to development of new terminal. Revenue recognition is based on the agreed proportion of gross development cost on each respective proposed project. The performance obligation is satisfied at a point in time and payment is generally due upon completion of preliminary concept paper and consultancy services rendered to customer.
@trader do you mind to share how to do this calculation? ---> "I had done the calculation on trade & receivable in FY2018 quarter by quarter the trade & receivable paid to ptrans is amounted to RM 20.1 million"
Target Price: RM0.235, RM0.250 Last closing price: RM0.215 Potential return: 9.3%, 16.2% Support: RM0.200 Stop Loss: RM0.185 Possible for bottom fishing. PTRANS is staging a potential recovery from its prior downtrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.215 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.235 and RM0.250.
However, failure to hold on to support level of RM0.200 may indicate weakness in the share price and hence, a cut-loss signal.
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....
Applepen
709 posts
Posted by Applepen > 2019-08-22 22:27 | Report Abuse
Still got 2 qtr leh...