Wisdom Wise
Latitude All Set To Move Higher
Latitude is all set to move higher. The stock is now at its all time high. The chart shows a strong uptrend which is likely to continue.
For the 9 months ended 31.3.14, the EPS equal 47.66 sen. Thus, the average EPS for each quarter work out to be 15.88 sen (47.66 / 3)
EPS for the 3 Qtrs are follows: 1Qtr = 15.02 sen; 2Qtr = 19.52 sen; 3Qtr = 13.12. Traditionally, the 4 Qtr is better than any of the previous quarters.
On a conservative estimate, I shall take the 4Qtr EPS to be 15.88 sen. Thus EPS for the full fiscal year ended 30.06.14 will come in at 63.54 sen. At the last traded price of RM3.65, the PE is at an undemanding low of 5.74.
Latitude has a very strong balance sheet with little borrowings. If the stock is traded at a PE of 7.5, the price would be RM4.76!!!
My recommendation: Hold on to your shares or buy more at the present price.
You listen to me at your own risk.
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Be the first to like this. Showing 9 of 9 comments
Steven Yong, I think you would need to sue a lot of people if your logic applies. Anyway, please sue to see if you have any legal standpoint.
2014-08-26 17:31
One of the most brainless in i3 is Steven Yong.... he must had lost alot in the stock market till he cant differentiate between right and wrong.
2014-08-26 17:47
I wonder why Steven's post was removed? really hilarious this monkey...i believe he is optimusxxx
2014-08-26 19:54
BEN GAN, Thanks for the sharing. I believe chasing 52w high stock is always the key reason people loss money in market over long term, of course, exception happens.
2014-09-03 00:31
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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....
Steven Yong
Listen to me at your own risk?? What a rubbish statement. I can still sue you if I lose money legally. As you has no license to advise people
2014-08-26 14:29