To be frank, the price has not really gone up substancially. There is pretty large room still waiting.There is no news yet locally for this counter yet minus apple deal.
A very good example is VSolar. Waited and waited at 35cents , lost patience sold it at 35c. Two days later it shot up to 46c. Anyhow i made some profit since i bought it at a low price
Company proposing for share buyback is a positive note that the company is with the right management and on a profitable road, so be positive and hope for the price to increase soon
I wouldn`t compare this counter with ifca.. different industry, product, potential n number of shares. but frontkn certainly is heading for better times under the new boss.. :-)
Normmaly when a company has share buyback plan, the share price will not have huge up in short term. If u are the company, will you fry up the price and buy it at higher price? Just hope the company will not turn down the price to buy lower share buyback price.
Why the company not choose to purchase back when price below 0.20? The company choose to buy back at 0.29 now, I think they know the value sure more than 0.29
3. To compared the PE among the peer within same category, based on The Edge Financial Dash Board
UEM edgenta - 28.77; fundamental 2.1; market cap 2.9B
Progressive impact - 15.96; fundamental 2.4, market cap 0.16B
Ideal suncity - 15.94; fundamental 3.0, market cap 0.089B
(a) Average PE above three is about 20x,
- therefore share price is possibily traded at 0.37 <= Optimistic (MY TP1)
- share price is possibily traded at 0.53 (based on my PE calculation) <= a little too optimistic! (MY TP2)
(b) Average PE of 2 similar small market cap above, average PE is 15.95
- therefore current share price of 0.29 has probably reflected its current state of value.
3. Market Value (Share Price) Generation per $ EPS Retained
-2.40 -4.00 -4.79 -5.17 -1.89
- All figures are in negatives, clearly it has been neglected for long time! What are the reasons, i dont know..
If i would to put in current share price of 0.29,
-2.40 -4.00 -4.79 -5.17 1.26
- It turns positive!
Of course, only GOD knows the future, human don't. Our duty is to keep an eye on company's fundamental, from time to time. After all, price should reflect its value.
Happy investing! YiStock
Note: This is not a recommendation to buy or sell or trade above mentioned stock! It is for sharing purposely of what i am doing.
Bintang21. If u read my statement in detail, I mentioned the word of "short term". When a company collects enough share through buyback, then it definitely wil b up much further. For me, frontkn will not exceed 0.35 in short term as company will not fry up higher price to let itself to buy expensive buyback. Definitely buyback is good for company's long term prospect but not for short term share price. My point of view only.
Frontkn came as per predicted in April & May 2015............
Well done!
Posted by duitKWSPkita > Oct 31, 2014 10:52 AM | Report Abuse
another thing simondino,,,trust me you just need to keep FRONTKN until Apr & May 2015. Then you will hear a lot of impressive news with the awesome share price increase.
hahahahaha simondino.... we hope durian runtuh but when I check properly no durin on the tree becoz now is not the durian season.
I have a dream today,,,, I wanna see FRONTKN enter Top Volume 20 before closing.
I guess many of you have read YiStock post on Frontkn, but let me post it here again incase some of you haven't do so, there are some useful details shared by cpng as well in the comments column, I strongly suggest you read thru it.
For me, after read thru YiStock and cpng sharing, my confident with Frontkn improved to new high, you know how confident I am with Frontkn for the past 2 weeks where I keep asking our friends here to hold tight all the way from 0.2 to current price. I am glad that I put 95% of my capital in Frontkn with average cost of 0.2, I have decided to pump in more fund on Monday since 0.29 is still a good price to top up.
If next 2-3 QR profit/EPS continue to improve, I think the price will continue to go up and $1 is really a possible target. If that happen, I am going to enjoy a 400% profit for this gem, and more importantly - with almost 100% of my capital as I have decided to focus on this one counter for 2015.
Let's hope Frontkn QR in May will continue to show improvement, and until then, I will keep holding.
lol... everyday of last week was a t3, t4 for high volume. no doubt selling by contra players may be heavy in morning session today. lets just see how the price holds up.
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....
JN88
11,670 posts
Posted by JN88 > 2015-04-24 22:00 | Report Abuse
This is a good counter, however fear is come across my mind when everyone was so confident in here....lollll...