Company got RM4bil cash from IPO 5yrs ago. Maybe taken private since share is so below value. Each share got RM1.70 cash. But price only RM1.20 per share
Be aware of the long weekend. Any thing can happened at this times of the months. US 3 millions jobless at this moment. 3 Trillion can last for 6 weeks only.
Jackson, it it doesn't have RM 1.70 cash per share. Furthermore, if you deduct current liabilities, it will be far less. The net cash per share will be around RM 0.5
But Graham says if a company is trading below its net working capital, you are almost guaranteed you will make money. If you go around and look, there are scarcely any shares that trades below its net working capital. Because this share came fresh off from its IPO, its share price is actually trading at 0.5 times its net working capital.
Sell any LCTITAN shares before it drop to below 99c again. Any rebound is the time for you to escape at higher cost. Don't dream for RM2.00 during recession
Law of averages can’t apply fully here but to lesser extend may b . U may b a little faster for break even but long term hold may prove worthy coz its dividend received will compensate investment in local bank.
If it is not a good buy why so high volume? One thing only you observe, high volume with price upwards means there are buying momentum towards upward price.
Kakaktua, too bad you bought 5.50 in trading the common misconception is buy to average is WRONG. You will have to forget that 5.50 and put it in the safe lock up at the moment. Focus on current, focus on your new position now. Ask yourself can I MAKE MONEY if I buy this price. If the answer is yes then what are you waiting for.
When prices are high given any stocks, long term is not in the equation. You only engage long term when in crisis and prices is all time low. Common sense applies .....
Gemini u talk about brokerage fee?aiyo.....it is cheap lo..u never trade 1 counter for 1 day?in & out many times?never?go check ur contract note..brokerage fee count 1 for total buy & total sell in 1 day lo...u dont advice vol if u dont know!
4 phases in share movement. Accumulation, mark up, distribution, mark down. You need to know where the price is at the moment compare to B4 and volume concentration currently.
Surgical masks, once simply a strip of cloth tied around the face of a doctor or nurse, are today manufactured using non-woven fabrics made from plastics like polypropylene to filter and protect
SINGAPORE (ICIS)--China’s domestic polypropylene (PP) prices have rallied since end-March, driven by spiking demand for downstream face masks amid the coronavirus pandemic, while supply of some grades has tightened partly due to scheduled plant turnarounds.
On 10 April, spot prices of PP yarns, injections and low melt-index block copolymers in east China stood at yuan (CNY) 7,425/tonne; CNY7,500/tonne and CNY7,650/tonne, respectively, according to ICIS data.
The prices have rebounded by nearly CNY1,142/tonne or an average of 18% from lows recorded in end-March, the data showed.
ICIS Editorial Chart goes here
Overseas demand for face masks has been surging as global coronavirus infections reached 1.7m, with the death toll at above 100,000. The outbreak is believed to have emerged late last year in Wuhan in central China.
With a growing number of people across the world wearing face masks as protection against infection from the flu-like virus, demand for PP fibres was consequently boosted.
PP fibres with a melt index of 35-40 make up the outer layer of face masks, which typically comprise two layers of fibres and middle melt-blown material, according to experts.
For major producer Dushanzi Petrochemical, offers for its S2040 PP fibres reached as high as CNY25,000/tonne, according to market sources.
Booming demand and high margins have prompted China’s domestic polyolefin producers to start switching to producing PP fibres since late March.
A total of 28 domestic PP plants in the country with a total capacity of 6.53m tonnes/year - about 26% of China’s total capacity for the polymer - have made the switch to producing high melt-index PP fibres, according to industry sources.
More production of PP fibres has squeezed supply for other general-purpose grades further, triggering the price uptrend.
A number of PP plants in China are due for maintenance in the second quarter.
Focus article by Aviva Hu
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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....
tapdance
88 posts
Posted by tapdance > 2020-03-20 11:12 | Report Abuse
Anyone knows how long was the plant maintenance shut down for (in early 2020)?