Bought Symlife at 1.03, stock trading cum dividend 4sen TE, about 4% dividend yield.
Symlife share at 1.03, merely half of its NTA RM 1.99. A lot of its landbank is record at book value at date of acquisition many year ago, which if revalue stand to boost its NTA further at least 2x higher.
Symlife first build and sell concept, 70 unit superlink in setapak going to ready soon, and expect to fully take up once its official open. Based on its GDV RM 100m, and all construction cost already recognized during last financial year construction period 2012-2014, therefore, all GDV RM 100m will be gross profit and boost symlife bottom line straightly
If compared in turn of property counter NTA vs. current share price, Symlife definitely stand out as one of the cheapest, trading at only half of its NTA (even without need to revalue its huge discount landbank). Furthermore, Symlife cum 4% dividend yield, give better than FD rate. In short, Symlife is hidden gem, comparable with Daiman and KSL.
1) other properties counter up a-lot High PE. 2) 4 sen dividend coming. 3) Symlife Low PE, High NTA 4) Re-rate, Cheras land Value RM9mil, today >RM90mil with MRT station 5) takeover for FREE
Price is 1.05 now. NAPS is 1.99 and this is without the revaluation of its land asset. Look at the Annual Report and see how low is its book value of its key asset, then you can know better.
Adoi. I planned to buy at RM1.03, but the price has increased. What to do.
Symlife is a typical stock that have been played by big shark. The price has languished around RM1.02 to RM1.05 for quite some time. The last surge was in April.
The price dropped from around RM1.21 to a lowest RM1.01 and from day to day the volume decreases. The modus operandi of these big shark is to suppress the price to force the investors to sell their shares. These big sharks has holding power, meaning that can suppress the price as long as they want. The suppression will cause frustration to investors, including the long term one. Yes you will lose confidence after some time eventhough the fundamental is very good.
If you see everyday, there will be large buyer at RM1.02/RM1.03 because they are ready to buy if you disposed your shares until no one hold more shares to be disposed at RM1.02/Rm1.03. By the time they must have accumulated many shares. Besides, they will put some 'resistance' at RM1.04, RM1.05, RM 1.06 to show that 'high' selling pressure. Berjuta-juta saham dalam tangan, jual sikit takkan kacau punya. haha
Anyway, as said by forumers above, Symlife has very, very good fundamental. It is undervalued some more. Except that, big sharks abused the retail investors. =)
well it is only d dividend feel good sentiment only...After dividend EX it will drop back to 1.02...As reported Symlife unbilled sales has drop to remaining 260 million fm 500 million previously...It means tat next year financial will be weaker somemore next launchings had been delayed till next yr and tis sud dampen its future next profits...there is no rush to buy tis counter in my opinion....
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....
rock_trader
146 posts
Posted by rock_trader > 2014-07-01 09:41 | Report Abuse
when is coming dividend be announced?