Dear Investors, Traders & Friends of i3 forum (Please read to the end as we type)
Prestar has moved due to the realisation of its Great Growth Prospects today.
Please read here again if you missed
Now let us go and Dig Out Prestar's Value
See last Qtr Report
SUMMARY OF KEY FINANCIAL INFORMATION
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INDIVIDUAL PERIOD
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CUMULATIVE PERIOD
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CURRENT YEAR QUARTER
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PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
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PRECEDING YEAR
CORRESPONDING PERIOD |
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31 Mar 2020
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31 Mar 2019
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31 Mar 2020
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31 Mar 2019
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$$'000
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$$'000
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$$'000
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$$'000
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1 | Revenue |
93,696
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112,839
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93,696
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112,839
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2 | Profit/(loss) before tax |
4,425
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-3,467
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4,425
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-3,467
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3 | Profit/(loss) for the period |
4,055
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-140
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4,055
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-140
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4 | Profit/(loss) attributable to ordinary equity holders of the parent |
4,066
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-1,903
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4,066
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-1,903
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5 | Basic earnings/(loss) per share (Subunit) |
2.09
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-0.97
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2.09
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-0.97
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6 | Proposed/Declared dividend per share (Subunit) |
0.00
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0.00
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0.00
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0.00
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AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
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7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.4900
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1.4600
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In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Country | Base Unit | Subunit |
Malaysia | Ringgit | Sen |
United States | Dollar | Cent |
United Kingdom | Pound | Pence |
This Quarter Prestar made
2.09 sen Annualised will be
2.09 x 4 = 8.36 sen
At 47,5 sen the P/E is 5.68
Or growth is 17.6%
Very good!
What if we rerate Prestar like Glove at 30 P/E? Gloves hot now. Who knows? Contruction & Contruction Material shares might one day turn hot because of ECRL, Pan Borneo Highway, MRT & LRT
THEN IF PRESTAR IS RERATED AT 30 P/E
the formula is this
30/5.68 x 47.5 sen = 250.88 or RM2.50
SO IS PRESTAR WORTH RM2.50?
Of course currently No Investment Bank Dare to Give Construction/Construction Material Stocks High 30 P/E like they assign Glove Stocks. We don't know for the future as the goal post can change
Stocks like Technolgy got P/E from 50 to 100 and yet they are all tolerated by the Maddening Market
For that we leave them to so called "Experts"
Now let's Dig Deeper
Not too long ago PRESTAR Spin-Off Its baby TASHIN
PRESTAR IS STILL THE TOP HOLDER OF TASHIN
Let's go to Tashin and see Its Top 30 Holders
THIRTY (30) LARGEST SHAREHOLDERS OF TASHIN..........No. of shares held...............Percentage(%)
1. PRESTAR RESOURCES BERHAD..................................... 118,656,619.......................... 34.00
So PRESTAR IS TE TOP HOLDER OF TASHIN WITH 118,656 MILLION SHARE AT 34%
Tashin closed at 22 sen today See https://klse.i3investor.com/servlets/stk/0211.jsp
So let's calculate PRESTAR worth in TASHIN
118,656 x 220 = 26,104,320
So PRESTAR Has Rm26.1 MILLIONS WORTH OF SHARES IN TASHIN
How much Per Prestar Share?
The simple formula is
26,100,000 divides by 4,066,000 X 2.09
13.4 Sen
OK DEDUCT THIS 13.4 SEN FROM PRESTAR PRICE TODAY 47.5 SEN = 34.1 SEN
SO IF WE ASSUME THAT PRESTAR GIVES EACH SHARE HOLDER EQUALLY THE REWARDS OF TASHIN THEN OUR REAL HOLDING COST OF PRESTAR IS ONLY 34.1 SEN
Now do we have any more Assets in PRESTAR
OF COURSE!
SEE THE NAV OF PRESTAR RM1.49
AND WHAT ARE THESE ASSETS?
LET US GO AND SEE PRESTAR'S PROPERTIES
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Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 29, 2024
Created by calvintaneng | Aug 28, 2024
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
calvintaneng
Almost forgot
How much is rm95 millions worth of assets in real money figure?
About 49 sen
Wahaha
Cash in tashin is 13.4 sen
Cash in assets is 49 sen
Total is 62.4 sen
At 47.5 sen we are buying at a nice 24% discount just for investments in tashin and properties
There are many hidden imvestments in
Posco
Other subsidiaries
2020-07-06 22:39