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497 comment(s). Last comment by BursaRangers at Sep 14, 2021 10:16 PM
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wt222
1228 posts

Posted by wt222 > Jun 10, 2014 8:27 PM | Report Abuse

I still believe q1 is one off case.anyway,for those who read it differently..-.good luck n happy flying......


pang72
43347 posts

Posted by pang72 > Jun 11, 2014 12:23 AM | Report Abuse

my golden horse ...you shall hit 90sen tomolo


Ben Gan
107 posts

Posted by Ben Gan > Jun 11, 2014 9:24 AM | Report Abuse

David, RM27.29 million came from the sale of logs. GP has 129,134 ha of timber concession land under its jurisdiction. So how can revenue from sale of logs be considered a one-time-off gain?


wt222
1228 posts

Posted by wt222 > Jun 11, 2014 9:32 AM | Report Abuse

08/06/2014 17:28

jyap Q4 2013 as written

19. Events after the reporting period.

Subsequent to the period end, the Group's timber management subsidiary, Kumpulan Pengurusan Kayu-Kayan Trengganu Sdn. Bhd. ("KPKKT") opened a tender to extract logs from six (6) compartments covering 2076 hectares in it concession area. The successful applicants that have been selected on 28 January 2014 had paid 30% tender deposit of RM8.19 million out of total logs sale proceeds of RM27.29 million. The balance has to be paid within 30days of the issuance of the approval letter.

All payment should be received in 2014Q1??? Consider One off??? Be careful anyway, cheers.
08/06/2014 17:33


wt222
1228 posts

Posted by wt222 > Jun 11, 2014 9:35 AM | Report Abuse

That's the tender money collected for the above. Anyway, for those who believe Gpharos would repeat the same good results in Q2 and the subsequent quarters, like what Sunztzhe found out, they should borrow along to hentam kuat kuat....


wt222
1228 posts

Posted by wt222 > Jun 11, 2014 9:38 AM | Report Abuse

More sharings could be found from Ben Gan's earlier posting :From an ugly ducking to a golden swan"...U read, understand and make your own decision..Happy investing and good luck!!


Albukhary
2237 posts

Posted by Albukhary > Jun 11, 2014 11:37 AM | Report Abuse

My understanding is the RM27.29 million was log sale proceed from the 2,076 hector. Based on the total concession area of 128,720 hector, so GPHAROS's earning should be able to sustainable for many quarter. Furthermore, based on the monthly log production figure announced for April'14, it seems like Q2 result will be even better than Q1.

The above just my 2 cents opinion.


watchme
1382 posts

Posted by watchme > Jun 11, 2014 11:38 AM | Report Abuse

a trap for contra players when it surges too fast...


newbird33
143 posts

Posted by newbird33 > Jun 11, 2014 12:41 PM | Report Abuse

Ben Gan's earlier posting :From an ugly ducking to a golden swan".
After 3 months, people will realise ugly ducking is still an ugly ducking, and the owner become poorer.


wt222
1228 posts

Posted by wt222 > Jun 11, 2014 2:12 PM | Report Abuse

sunztzhe
GP is committed to sustainable forest management on 129,143 hectares of forest under its management under selective cutting approach whilst maintaining continuous forest cover and species diversity.

The valuation per hectare will most likely be based on the Net Profit per hectare. Based on recent Q1 results, GP made a net Profit of 19.96 million per 2000 hectares of timber concessions.

Assuming no change to status quo on company business operations the potential net profit for the entire concession = 129,143 hectares X 19.96 million/2000 hectares= RM 1,288 million.

Market Capitalization for GP based on last Friday's closing price = RM 107 million

Does this infer that GP Market cap for forest concession of 129,143 hectares could potentially be valued at RM 1,288 million or 12X 0.795= RM 9.54 per share??

If you do not concur with this estimate of value, please do advise and share with fellow i3 members on a more realistic approach to value 129,143 hectares of GP timber concessions.

Does anyone in this thread has the experience or network of friends who can assist in estimating a value for the 129,143 hectares of forest concessions?


wt222
1228 posts

Posted by wt222 > Jun 11, 2014 2:15 PM | Report Abuse

If you guys shared the same thought with Sunztzhe and albukhary on the estimated potential profit of Gpharos,if lah...obviously Gpharos is the most undervalued counter in Bursa or even in the world....so you may quick quick borrow from Along and hentam all on it....good luck...u may be able to fly then....


wt222
1228 posts

Posted by wt222 > Jun 11, 2014 2:28 PM | Report Abuse

Posted by newbird33 > Jun 8, 2014 01:16 PM | Report Abuse

Agreed. The parent got a piece of land want to do mining, so asked GP to chop down everything on it. Once finished, GP will be like what it used to be.

However, for those who have doubts, I personally think Newbird33's earlier posting has indeed, described the whole Q1 saga in a very simple and correct way.

Anyway, yr money yr decision....fundamental wise little change, but hopefully the two big boys will goreng....who knows....


sunztzhe
2250 posts

Posted by sunztzhe > Jun 11, 2014 3:17 PM | Report Abuse

Hi albukhary,
R U from Trengganu? Do u know any info on the predominant type of Timber species in GP concessions. It was mentioned that the concession has the tallest and oldest Chengal tree which is very hard wood specie. I have done a rough value estimate and based on this price GP is very undervalued. My only reservation from increasing my position is I m quite ambivalent towards the Management philosophy. R they very professional manager type who will drive up the enterprise value or otherwise. Appreciate your advise on this matter. Terima Kasih.


Albukhary
2237 posts

Posted by Albukhary > Jun 11, 2014 8:23 PM | Report Abuse

Sorry sunztzhe, I'm not from Terengganu. I'm not familiar with timber expert, I'm just an ordinary investor.


pang72
43347 posts

Posted by pang72 > Jun 11, 2014 11:40 PM | Report Abuse

11.6.14 ....o.815sen......11.7.14 ..shall be 1.50......


watchme
1382 posts

Posted by watchme > Jun 12, 2014 11:20 AM | Report Abuse

back to resistant level 90....:) can break?


ben1982
50 posts

Posted by ben1982 > Jun 12, 2014 3:06 PM | Report Abuse

sure. target rm1!


watchme
1382 posts

Posted by watchme > Jun 12, 2014 3:23 PM | Report Abuse

once break 90 and touch 91, next level will be 96 b4 approaching RM1, see this as normal uptrend pattern ....


Alfred Aun
1139 posts

Posted by Alfred Aun > Jun 12, 2014 3:44 PM | Report Abuse

Wow! naik lagi ka, takut kena UMA nanti...


ben1982
50 posts

Posted by ben1982 > Jun 12, 2014 3:51 PM | Report Abuse

yeah.. chiong liao.


watchme
1382 posts

Posted by watchme > Jun 12, 2014 4:25 PM | Report Abuse

small volumn, no UMA will be imposed


watchme
1382 posts

Posted by watchme > Jun 12, 2014 4:26 PM | Report Abuse

closing sustain at 93 level, tomolo likely break 95....


sklyte
2621 posts

Posted by sklyte > Jun 12, 2014 4:43 PM | Report Abuse

fly like hell, seal pe 3, gpharos pe 5, guys, dont miss MESB, pe 3, NTA 1.98

i have told you guys to buy gpharos at 70cents, check.. MESB will be next gpharos!!!


watchme
1382 posts

Posted by watchme > Jun 12, 2014 4:48 PM | Report Abuse

already break...:) today contra run..see tomolo


wesleysu
46 posts

Posted by wesleysu > Jun 12, 2014 4:52 PM | Report Abuse

today close 0.955 new high price...
tmr test rm1?will break it


wesleysu
46 posts

Posted by wesleysu > Jun 12, 2014 4:54 PM | Report Abuse

PE nw 7.14


watchme
1382 posts

Posted by watchme > Jun 12, 2014 5:05 PM | Report Abuse

rm 1 soon :)


wesleysu
46 posts

Posted by wesleysu > Jun 12, 2014 5:05 PM | Report Abuse

watchme so confident...hahaha


pang72
43347 posts

Posted by pang72 > Jun 12, 2014 6:44 PM | Report Abuse

aiya...my golden horse run so fast today...nice try...break rm1.00 tomolo.......after world cup rm1.50


pang72
43347 posts

Posted by pang72 > Jun 12, 2014 6:45 PM | Report Abuse

after rm1.50 ...all people will wake up to analysis his potential....


Icon8888
19022 posts

Posted by Icon8888 > Jun 12, 2014 6:48 PM | Report Abuse

I didn't buy a single share as not sure whether profit can repeat next quarter in the absence of info. No regret. Sometime certain money is not for me to make.

But I congratulate those people who dare to jump in and make money. Well done


optimusprime
1186 posts

Posted by optimusprime > Jun 12, 2014 6:49 PM | Report Abuse

icon gor, hardly see u nowaday.


Wahlaueh
208 posts

Posted by Wahlaueh > Jun 12, 2014 6:50 PM | Report Abuse

by the time all of you are Lol all the way to the bank.... Lol...


Icon8888
19022 posts

Posted by Icon8888 > Jun 12, 2014 7:14 PM | Report Abuse

Optimus how are you ? Not only me, a lot of people also very quiet.

Where have you been recently ? Away for holiday ?


Icon8888
19022 posts

Posted by Icon8888 > Jun 12, 2014 7:33 PM | Report Abuse

I didn't go holiday lah. Got some personal things kept me busy. Sigh


optimusprime
1186 posts

Posted by optimusprime > Jun 12, 2014 7:35 PM | Report Abuse

hope everything ok and kawtim ady. life like that la my friend, where got smooth smooth one. sure got something unexpected now n then.


Icon8888
19022 posts

Posted by Icon8888 > Jun 12, 2014 7:42 PM | Report Abuse

Thanks for the kind words. Appreciate it. Catch up some other days. Got to do dishes : )


wt222
1228 posts

Posted by wt222 > Jun 12, 2014 9:03 PM | Report Abuse

Wasted too much time on analyzing whether its one off profit or the most undervalued share in the universe.....for such a long boring stock in the past few years which suddenly come alive....backed by the resourceful state government....just follow the money.....speculative but could be sexy.....price increased by more than 200% from rm0.30.....how far can it go? Could it be another dbhd in the making??of late it seems that more n more state government joined the party....another one is pasdec......


optimusprime
1186 posts

Posted by optimusprime > Jun 12, 2014 9:06 PM | Report Abuse

pasdec still has another UMA coming...if follow dbhd script. then the reply to UMA is taktao wor. then continue journey to the north....

lately is playing this script. wt222 u r rite.


watchme
1382 posts

Posted by watchme > Jun 13, 2014 9:35 AM | Report Abuse

once break rm 1, to approach 1.2 likely


watchme
1382 posts

Posted by watchme > Jun 13, 2014 9:47 AM | Report Abuse

break !!!!


watchme
1382 posts

Posted by watchme > Jun 13, 2014 9:50 AM | Report Abuse

if another base build at RM 1 to 1.02 for more than 2 mil shares,,it will move north again


watchme
1382 posts

Posted by watchme > Jun 13, 2014 10:35 AM | Report Abuse

if can hit 4.5 million shares half day...uptrend is intact


watchme
1382 posts

Posted by watchme > Jun 13, 2014 11:11 AM | Report Abuse

coming again?


Luis
26 posts

Posted by Luis > Jun 13, 2014 3:50 PM | Report Abuse

die liou..


Wahlaueh
208 posts

Posted by Wahlaueh > Jun 13, 2014 5:17 PM | Report Abuse

Lol...


pang72
43347 posts

Posted by pang72 > Jun 13, 2014 5:56 PM | Report Abuse

Still early la


klse007
403 posts

Posted by klse007 > Jun 13, 2014 7:42 PM | Report Abuse

run


pang72
43347 posts

Posted by pang72 > Jun 13, 2014 9:39 PM | Report Abuse

Run up.....run faster


watchme
1382 posts

Posted by watchme > Jun 14, 2014 1:48 PM | Report Abuse

when punters run, big fish take the reverse course......?? that is why most punters don make huge profit on speculation....?

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