We r always here defending our gem. If it is dirt, it has had broken the resistance 0.65 & continued dropping further. Take a look at the volume. Do u see any heavy selling? I suspect some private funds are suppressing the price & collecting prior to announcement of god news.
the august result saw the profit reduced due to high cost of sales as comparing to last yr. qtr to qtr was flat. Before the announcement of the shifting to Bursa tht time, it was at range of 052 to 056, after the announcement, it advanced gradually to highest approx. 0.8.. For better margin of safety, it shall be below 0.58... I bought in at prices of 0.58 tht time and unloaded all at 0.74. Finally, it is back close to 0.60... NOTHING WRONG WITH THE COUNTER BUT ONLY WANA TO TRAP THOSE HOPING FOR THE PRICES ADVANCEMENT DUE TO SHIFTING FROM ACE TO MAIN... but also its results remains flat...but investors looking for better gains...
If the dividend can maintain as last year RM0.02, take dividend yield of 3%.Then RM0.66 is kind of fair value.
The SC scorecard periodic update for the SC performance press release is stated to be announce every second Thursday of following quarter, meaning middle of Oct should see whether any ACE to MainBoard transfer submission is approved or reject. Hope MMODE will do the annoucement prior SC press release.
Cash value per share for MMODE is RM0.20 as per 30-Jun-2014.
Pass 2 years, the MMODE EPS is around 7.5sen. For Q1 and Q2, MMODE already made 3.83sen. If they can maintain the earning, this year should have no problem to meet the 7.5sen. Using the current PE 10x, the TP should be around RM0.75. With current price of RM0.61, margin is above 20%. If you compare to similar business like EFFICEN, EFORCE or SCICOM, the PE is around 20x. So MMODE PE 10x still consider low.
It is operating in a competitive business. It is natural for profit to be squeeze after a while unless management can find new revenue stream...until then expect to drift lower.
The share price has appreciated by almost 45% since the announcement of propose mainboard listing. So, it is logical that ppl took profit. When ppl took profit, herd reaction followed. Panic selling followed. It is true that TTM operating profit droped by almost 9%. TTM net cash flow from operation also reduces almost by half due to increase in receivable. However, this is just the 1st. half of the game. We still have 2nd half to play catch up. Sometimes delay in billing or late payment can cause a bad quarter report. Unless you have made > 30% I dun see the reason of disposing. I dun think it'll drift any lower. It's oversold and ppl have started collecting.
@royong. Retained earning is accumulated net profit from income statement minus dividend paid. It doesn't account for adjustment for depreciation, armortisation, fair value gain and investing activities. In other words, it doesn't represent the available free cash. Anyway, I believe MMode has more than 35mil free cash.
Probably some people know that financial results for the three months ended 30/09/14 would be bad and so they sell now and buy back later. It had happened before.
probably is just a deep washing process....as everyone is expecting the share price to surge due to the main board transfer catalyst...but sharks wanna collect more at lower price....so the suppress the price to lower level and to create panic sell from weak holder...
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....
goflykite
349 posts
Posted by goflykite > 2014-09-15 16:13 | Report Abuse
haha...filled 0.67 for 5 lots....i m too lucky...LOL