I looked at the trend for the past 2-3 years...the report is released from 24-26 Apr....doesn't matter as long as the report is positive and hope Redtone can touch 0.8 before shooting further:)
sell on news? Not yet....this is not that kind of news that confiriming rumours, but rather this is a confirmation that the company is on track of recovery and turnaround which started 1 year ago, which is fantastic. Now I shall wait for further updates of their projects like tele medicine, WIFI hotspots installation etc. Furthermore, the research houses have not come out with their reports yet, shall wait for it. Who knows, it will be revised upwards substantially.
This company has all it takes for a higher valuation. The PE is low, earnings are consistent and increasing quarter by quarter, ROE is good, future is bright and most importantly management is competent.
It's just a matter of time the market realizes this and reflects this on the price. This happened to Gadang and Malton. Many impatient investors exited as they could wait no longer, with more tempting stocks out there that they could speculate.
I'm not satisfied with the paper gains I have right now, although its moderate I would say. Hence, I will be giving this stock a longer timeframe for it to prove itself, hopefully by the end of this year. I believe with such a high safety margin, this stock will have limited downside but a much higher room for the upside, as I've always mention, this company is a growth stock at a reasonable price.
Data, broadband services main driver for REDTone’s profit Business & Markets 2014 Written by Shalini Kumar of theedgemalaysia.com Thursday, 24 April 2014 10:37
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....
007james
245 posts
Posted by 007james > 2014-04-23 09:29 | Report Abuse
Sure dont wan buy now? Won't regret?
Hahaha