Posted by Best Stocks > 2014-04-15 20:39 | Report Abuse

Buy back shares a lot since last year 2013!! April 15-Price RM0.285, NTA 0.54. Total shares in treasury increase a lot in 2013 to 2014. 2013 year indeed is a poor financial year for RCE, with net profit and EPS drop a lot. From 2004 to 2012, net profit always in uptrend and reached its’ highest in year 2011(RM104 Million, EPS 13 cent) & 2012 (RM101Million, 12cent). RCE is in downtrend when it came to 2013 year. Net profit and EPS drop a lot. But it started to pick up in year end of 2013!!! Boss has been buying back shares since June 2013. They keep on buying back their own shares since 2013 June until today April 15 2014. They buy back own shares on daily basic, they slowly collecting their own shares almost in every trading day!!! So, the price of stock did not go up too much. But, why RCE buy back their shares in bulk since last year? Is it some big project coming soon in near future? Mostly company only buy back shares if they have lots of cash, confident with their company growth in future, or they are the one who really understand the intrinsic value of the company itself or ???. You got the power to decide!!! Do not think too long-when it goes up in 2014 then you will feel the heart pain, do not listen to research firm-they will buy and keep this shares first before you take action and they keep on asking you DO NOT BUY until they have enough, do not listen to your friends-they lost money in stock market OR they have no money to invest at all. Listen to your heart!! Good investors always listen to their own judgments based on the company performance. Remember: data and performance do the talking, not your friends or broker. So, go read their annual report and check properly their profit and EPS track record. Try to understand the thinking of the big boss in this company, humble and moderate, and etc. Do your own research and buy without asking your friends. Some friends really jealous you when you earn money, who knows?? Nowadays, many funny people outside, they claim to be your good friends, when you earn money, they envy and jealous. Friends still friends, money still money. Many sorry if I have hurt someone heart. Happy Investing to you all.