Mid of 2015, it will show some profit from sensorlink...... latest by 3rd quarter next year should be able to show profit from 1.44 billion projects . It cannot be after all these deals then nexgram fullstop. Not logical rite?
7c-9c level personally think will stay some time until big guys collected most, then only have chance to move higher 10c-12c again. Construction projects are slow but steady, I don't think so easy to show contribution so fast. Project plan itself may takes a year to get all approval. Penny stock and oil correction looks settled, which gives path to next 2-3 years bull, hopefully starts 2-3 months later!
Tklim,you went too far,let the chart tells us by the price movements from daily transactions unless we get the another IT projects,then it is not an impossibility but attainable ambition.
Fam Jenny....That is my minimum target taking all into consideration......I am an investor...Please set your own target....not necessary to follow mine....
No,if the prospects is bright with a lot of IT projects,not with construction business(full grown business) as the holding cost of land is very costly and competitive.
IF TPY is so smart it won't let it drop to 5.5c without protecting the investors'fund but his own only by flooding the market with his excessive shares to diminish its value.Then he picks cheap at investors' expense and sorrow,I will term it as sly.
Fam Jenny....they say it is market forces and strategic moves....but this is stock market...it is actually our own decision......as a business person, i personally think it is a strategic move.....be patient.....
TKlim,as a leader you must be able to minimise the losses of investors not aggravating it with your dumping,his acts are unsculpulous and harmful to us.
Yours all points definitely correct. Market sentiment+less profits become prices drop. Company didn't monitor the price. But all that adi pass. Now the new chapter is Nexgram is coming up soon.
The company is good with some good land for development but the management cannot afford to spend their resources on buying new lands which are very expensive through borrowing or rights issues. Currently construction business is very competitive with oversupply of condominiums esp in suburban areas and smallers cities.The survivors will be the strong developers with strong landbank base and are lowly geared. The management should expand their knowhow to other countries to expand their business and expand their research centre like Intel,IBM,etc for technology progress and innovation.
It is necessary to set aside some cash for dividends to gain respect and loyalty from investors and to fulfil their purpose for investment in the company,in that way then only it won't overinvest and has cash flow problems.It needs a financial planner to plan its prospects.
RM60mln is nothing if it continues to acquire land which is too expensive now,should consolidate its current business before any expansion. For building the cyberjaya projects,they may need a lot of cash to implement the projects,hopefully can expedite all approvals from Government to save cost. I remember when my properties were abandoned,I helped the developers to call the lift company to replace new ones,by calling the lift company twice a day until they are scared of hearing my voice in order to speed up the handover.
The cost of giving dividend of .5c will cost the RM9 millions which is too much for the company to chew it.So it is better to conserve it for expansion expenditure.
Tklim,I judge its value from its price movement,a lot of stocks move up with good news yet it is stagnant,action speaks louder than words.TPY doesn't have deep pocket so brag about his finance.
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....
steveooikp
4,689 posts
Posted by steveooikp > 2014-12-30 22:35 | Report Abuse
Mid of 2015, it will show some profit from sensorlink...... latest by 3rd quarter next year should be able to show profit from 1.44 billion projects . It cannot be after all these deals then nexgram fullstop. Not logical rite?