potong steam...

wow wow wow. kick mari already.

aiyah...just chill la for now i suppose. hopefully wont swing up/down too much until the news...

that's to be expected isn't?

just need 1 good ass contract + some operator.

"the market can stay irrational longer than you can stay solvent" ~ Keynes.

then we all wait and collect at the bottom lo tomorrow.

aiya....come on la. He is not GOD la. There are certain things beyond JB's control also. As long as he is "correct" around the ball park ok la.

my konek longer...

touché

my biggest worry later announce all those kucing kurap small contract value stuff la. like gadang, hohup and gabungan....for nuts meh, play cock better.

third round will be through the roof!!!

you are missing the ship...

old news leh.....any idea when contract value award?

beli jangan tak beli.

jom...marilah melancapkan nya...

oooii...konek dah keras ni..

Anyone knows if Friday got announcement? Or is it just hearsay?

all the best in your future endeavors....

35sen is barely hanging there.. haha. DJ futures crash, then good game.

enchopls krik krik krik...

see money take money first la. wait to play cock meh.

sien liao looo....yawn.

meh...losing steam...need some viagra.

coz project award soon ma...haha. just kidding.

Well, I am an existing investor. Everything that I have quoted so far is publicly available. But not all are verified...so yeah. buy or sell, your call. Only in June do you see the volume spiked...

Would like to put things in perspective here. Consider the following "facts" and their implications:

1) Orderbook is around RM500m.
- Nadi should be able to sustain its current revenue level of RM200+m for the next 2 years and RM20+m profits.

2) Tenderbook is around RM1.4b (i think according to Rakuten).
- Consistent with the rumours. But let's ignore the RM2.0b figure.

3) Rumors of contract award (presumably it is construction), with value ranging from RM500m to RM2.0b (i3, KLSE , "etc").
- Consistent with the tenderbook.

4) Since its IPO, its all time low P/E is 4.89x (1H2019) whereas its all time high P/E is 8.86x (22 June 2020) based on closing prices.
- Consider the midpoint PE of 6.9x, which I think is somewhat conservative. Recent multiples have been higher.

There are 3 reasonable scenarios, a contract award at RM500m, RM1.0b and RM1.5b.
Let's assume that this contract will be recognised over 3 years. Also assume that the net margin is only 5%, which i think it's on the low side.

What valuation will that result in?

Additional profit from "new" contract ranges from RM8.3m - RM25m
RM500m x 5% / 3 years = RM8.3m per year for the next 3 years
RM1.0b x 5% / 3 years = RM16.6m per year for the next 3 years
RM1.5b x 5% / 3 years = RM25.0m per year for the next 3 years

Profit from existing orderbook. I took an average of FY18 and FY19 PAT, so let say around RM20m.

So we are looking at future annual profit between RM28.3m and RM45.0m.

At 6.9x PE, the market cap should be between RM195m and RM310m, which translates to 25.5s and 40.5s per share.

So the downside risk is fairly limited.

haha...see money take money.

nasilemaktelur market is shit. sold mine at .265. willing to buy back higher if project is real. will wait for announcement first to be safe

Bro, you think you can get at .265 when project is announced? Just look at the buy q. it's very thick from .24 to .26. And such volume has not always been the case..only very very recently.

krik krik krik....boring nya...

coming coming coming.....krik krik krik

tomorrow 20sen

today's dive in the morning because of the US DJ futures la. It recovered quite a bit.

dingdonghuat why do I always see you leh? OCR, Nadi, now...minetech.

dingdonghut Wondering if there will be a follow up announcement on it?

We all do wonder. ;-P

I suppose it can only fly with more clarity on the contract value....somewhat ambiguous based on the announcements.

what a day...gan cheong lo

krik krik krik...

Shit la. Should have bought warrant wd.

Pahang State Government wo.. Summore with Agung punya home. Must be huge contract!!!!

krik krik krik...

i am like a lalang. i follow the wind only.

oooppss... ;-P

vegebotak, if they dont create story, how are they going to sell to you and others?

tunggu apa lagi. ayuh....sai lang!

i think i want to have omakase for lunch later...

your mummy must be so proud of you...

Thats the spirit, bro!

chase!! chase!! chase!! volume coming back.

but takut la..i am not familiar with warrant.