The CEO of Scicom just bought 1.5m shares @ 2.15. To me that is a clear sign that there are good things on the horizon.
People sell shares for all sort of reasons: to fund another big ticket purchase, children education etc, There is really only one reason why you buy - the share price will go up in the future...
I think 2017 is looking increasingly to be Scicom's year (esp for early investors) with earnings growth on track and share price continues to trade at valuation below peers while providing 4.5% yield
The company is executing well and should be on track to deliver another 15-20% growth at PBT without much problem. Unfortunately the company tends to be media shy when it comes to contract win etc and thus attract very little interest from punters/ day traders
However, l feel they will need another sizable e govt contract similar to EMGS (unlikely to be from Malaysia) to propel them (and sustain its share price) to another level. In this respect, you will need to trust that the management can deliver and market talks that it will be sooner rather than later...
Institutions have been accumulating the stocks over the past weeks so the good results in May can be a catalyst for it to break the stubborn RM2.40 resistant.
Worse come to worse, you are likely to get another 2 sen in dividend in 3Q, and the stock continue to deliver close to 4% yield.
maybe its a sign to buy in.. according to my experience la, becoz i been invest in this company for 3 years. price drop to 2.0x-2.1x is time to buy in and their director will collect at low price also. after that around 2.2x-2.3x is time to sell, that's it...u can see the 52weeks price range is not volatile, so this share gives stable income but won't earn so much.
I hope it can go below RM2. The company steady and increasing revenue & profit as well as cash flow. Dividend payment also increase year to year. Drop more, I may collect more @ dividend yield 5%. I will be happy if share price stay flat for some time as the company has bright future expanding into BPO industry. The industry is booming in developing country.
I have not ran away. (William Chow) There is no news really - biz as usual as far as i Know- just portfolio flow I expect. FY2017 results should be out by end August. Hopefully should see an increase in dividend for the final quarter.
This level is interesting to accumulate - even just for the dividend yield.
Mocics. What you predicted is correct. MD is buying in again. Perhaps he can see value this time before next QR or price up swing. Price has been stagnant for quite sometimes already.
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Posted by William Chow > 2016-10-17 10:49 | Report Abuse
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