Have been monitoring this stocks. Despite a few good QRs, this stock doesn't seem to fly. Like @EatCoconutCanWin says, this smells like another serba dinamik in the making.
It is very funny by comparing bad apple to all good apples.
That bad apple Serba has been generating negative operating cash flows for many years and receivables increased year after year without lower or collecting from them. That's the similar pattern to Transmile & someone playing with the figures.
If you look at the cash flow statements of Perak Transit, it has been generating very healthy & strong cash flows from its operations every year, that don't lie.
So if you think it is Serba in making just because of good result but no price up, then it is your personal feeling, which I think it is not factual based concluded opinion.
According to its QR, PTrans's revenue was mainly derived from the integrated terminal operations such as rental of advertising and promotional spaces, rental of shops and kiosks, project facilitation fee, management fee and profit sharing from car park fee, terminal management and taxi entrance fee. All those on top of providing public stage bus and express bus services as well as operating four petrol stations.
PTrans's rental of advertising and promotional spaces has begun to bear fruit.
PTrans has successfully produced a set of great result. Its 9MFY21 is 40.5m and 9MFY20 was 28.7m. There is a 41% increase in profit performance and hence, the result is commendable and praiseworthy. Ptrans is resilient and has been able to withstand the severely unfavorable operating environment arising from the pandemic and triumph over it.
It is therefore unwittingly reckless and embarrassingly ignorant to place Ptrans in the same category as SD. A wise man is one who knows what he does not know.
" we all know light travels faster than sound. That is why some people appear bright until you hear them speak" Said a famous scientist.
Fourth interim single tier dividend of RM0.00825 per share for the financial year ending 31 December 2021
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 25 Jan 2022 2) The last date of lodgment : 26 Jan 2022 3) Date Payable : 15 Feb 2022
Remarks:
Holders of Warrant [PTRANS -WB (Stock Code: 0186WB)] are advised to lodge with the Company's Registrar, Tricor Investor & Issuing House Services Sdn Bhd of Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Wilayah Persekutuan their subscription forms and subscription monies for subscription of new PTRANS shares by 5.00 pm by 13 January 2022. This is to enable the new PTRANS shares arising from such exercise to be allotted to the respective holders in order to qualify for the dividend entitlement.
Announcement Info Company Name PERAK TRANSIT BERHAD Stock Name PTRANS Date Announced 17 Nov 2021 Category Listing Circular Reference Number ILC-17112021-00002
Interview with PTRANS CEO & team 8-9pm today (17/11/2021). Rakuten Trade, Revenue growth prospects from the existing terminals. 1. PTRAN has partnership with 2 logistic & distribution companies (e-commerce related) at Meru Raya & Kampar Putra Sentral started in Sept 2021 has a revenue contribution of 2.5-3.0 m/month which may grow further depending on revenue growth of the logistic business. This implies that in Q4 2021, the increase in revenue from logistic partnership alone could be some 5.0-6.0m (3 months instead of just month of Sept) above that of Q3 2021 (35.2 m) which could amount to 14 - 17% increase above Q3 revenue. 2. Current average rental rates per unit area are significantly (30-50%) below the rental rates in comparable commercial area due to MCO . Rental rates and rental take-up both are expected to improve with ending of MCO and increase in people footprints through the terminals.
Target to secure another 2 to 3 new terminal operation management contracts in 2022 in Perak/other states. This is asset light (low Capex outlay) and can bring in revenue within about 6 months from signing contracts.
I think price now is good bargain. Remember to convert WA to mother was .235 then consolidation 3 to 1, so .705 already. Taking the average TP= 1.03, I won't sell at the price now. Something like .78 will consider if I need cash, haha
Seems that still not many realise the price now is cheap. Those who converted WA, they paid at least 0.705, more if the warrants were not free. As we can expect profit to go up from now, the dividend should go up too. Looking forward to something like 10-15% gain by next year!
But you know with all the nice jobs company doing, new integrated terminals, potential mining business, it highly likely uptrend long term, so I just buy and keep, no need to worry so much :)
Something is not right with PTrans. Its FA is good but its TA is not so good. At 0.665, this is its final acceptable support. If it closes below this, I don't know how low will it go.
TA - broke trend line, testing support 0.665 - 0.655, macd and rsi negative momentum. market is just to bearish. many would just TP at 2-3% gain. for long term, can get better entry.
I canceled queue at 0.675 as price action was very close to trend line with diminishing volume. I knew entering at this price would be as good as gambling.
@derekooi: PTrans are financially healthy and its QR was also good, all things considering but for some reason those positives aren't reflected in PTrans's price action/TA.
I think those of us who subscribed to WA last year and paid equivalent of 70.5sen are unlikely to sell at this price. Maybe it explains why short sell queues? Today ending with 0.68?
bojed, so my typo ( 10-15% by next year) turned out to be true for you! Congrats. Good that you're still holding warrants, meaning you believe likely will be above 75sen before maturity.....Based on last year's WA experience, the price went up around the time of maturity. Happy investing/trading!
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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....
Peace99
2,264 posts
Posted by Peace99 > 2021-11-16 20:19 | Report Abuse
Dividend up! from .8 to .825sen