Hahaha nowadays investors are div hungry. Good earnings but no or miserable div also no good don't tell people to hold long if you can't give good div when you have got good earnings people will still bypass it 😀
15 sen dividend in January. Cheap price (Low PE) and consistent dividend. Added more TAAN and INNO to my portfolio (After dumping an overvalued poor performer with low dividend yield). Hopefully these would fly like BPlant and Kossan (Should have held them for longer :)) - now high PE).
I bought TAANN in mid-2019 when it was trading around RM 2.25 per share and then sold it off in early 2020 when it went up to around RM 3.40 per share. I went in on the basis of its fundamental and sold when I thought the market had overpriced it.
The ROE over the past few years have been improving. While the share price did have an initial spike, it is currently around the 2020 peak share price level. . There seems to be a mismatch between performance and share price
When you look at the long-term performance of TAANN as represented by the ROE, you can see that it did better than KLK – one of the reference Bursa plantation companies. This quick and dirty comparison points to TAANN being fundamentally sound. https://www.youtube.com/watch?v=9KhboTCMdEg
Is the mismatch between the ROE and market price meant that there another round to make money from a fundamental investing perspective?
Maybe someone wants jack up the warrants price before disposal. Buying for dividends also does not make sense bcoz the final div will be only 5 to 10 sen the most as the result for the qtr ending December 31 will be even lower than the previous Qtr you can see for yourself the CPO price for the last 3 months !
Fuiyoh ... TAANN 3.75 close. +10 sen. Together with other stocks, helped made my portfolio reach new all time highs again. This is the 7th time this happened this month. Thank-you TAANN.
Sell ! Switch to undervalued property stocks. CPO Will average RM4K/tonne only. What profit are you expecting ? If it's bcoz the land some plantations have then might as well go direct to property stocks !
On 24 February 2022, Russia invaded Ukraine, FCPO shot up to above RM6,900 thereafter. Today, tension in Red Sea is causing disruption in food transit. Situation is more dire as drought in Central America has led to a drop in water levels in the Panama Canal, significantly reducing the amount of traffic able to cross the essential route. https://www.dailyexpress.com.my/news/227698/un-reports-42-drop-in-suez-traffic-following-houthi-attacks/
Can TAANN hit RM4? Today decent close +2.71% challenging resistance. Intraday looks like rejection and price might fall for a while but the overall attack since Mar 2023 low looks promising in the near future.
The higher lows over past 12 months doesn't make it easy to accumulate. It means there's buyers each time these higher lows were revisited. Someone's accumulating.
Good odds we'll be laughing anywhere in the next 1-12 months ...
Taann's NPAT is RM20,402K, after deducting Stock Write Off of RM9,782K and Fair Value of Biological Assets change of RM32,772K. Otherwise, the NPAT is favorable.
Net Cash position is RM182,254K (Total Cash - Total Borrowings).
Generally, this year 2023's Dividend paid is RM0.250/share is satisfactorily.
Company announced today (28-02-24) to purchase back own shares.
In view of the above, going into year 2024 with favorable CPO price of RM3,800K+/ton, we hope and assume Qtr 1 of year 2024 will be a much better financial performance by Taann, and we are long term investor, we are not bothered with these little discomforts.
Stock written off (Rm9,782,000) This is one off Change in fair value of biological assets (Rm32,772,000) Above no loss at all. only paper depreciation. When TAANN revalue its Assets it will go back up
From above WE SEE TAANN DID VERY WELL FROM NORMAL OPERATIONS
KUALA LUMPUR: Indonesia's 2024 palm oil exports are seen at 29.50 million metric tonnes, down from 30.25 million tonnes last year, the Indonesia Palm Oil Association (GAPKI) said at an industry conference on Wednesday (March 6).
Meanwhile, palm oil output in the world's biggest producer of the edible oil is expected to rise by 2.26% to 54.4 million tonnes, GAPKI official Fadhil Hasan said, while domestic consumption is seen higher due to demand for biodiesel feedstock.
Indonesia's end-2024 palm oil stock is estimated at 5.25 million tonnes.
"There is a possibility of the new incoming government increasing B35 to B40," Fadhil said, referring to Indonesia's mandatory bio-content mix that currently stands at 35% of biodiesel. This could take place in the second half this year, he said.
"One of the programmes by the candidate likely to be elected is intention to raise to B50, but that is maybe for after 2025," he added.
Pollsters have said that Defence Minister Prabowo Subianto is the likely winner of the Feb 14 general election. The election committee has until March 20 to verify votes.
Meanwhile, the impact of El Nino dry weather pattern last year has turned out to be insignificant on 2024 production as it hit mostly Java and southern regions of Sumatra, which are not palm oil producing centres, Fadhil said. - Reuters
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....
titan3322
2,196 posts
Posted by titan3322 > 2023-11-29 09:38 | Report Abuse
Hahaha nowadays investors are div hungry. Good earnings but no or miserable div also no good don't tell people to hold long if you can't give good div when you have got good earnings people will still bypass it 😀