Seller at 39.5 sens now, still dirt cheap considering net cash per share of Rm1.24. The company still has 51,000 acres of land in Indonesia located near the Southern bourder of Sarawak. Out of the 51,000 acres, 21,000 acres are matured oil palm plantation.
Buy and hold. AGM nx week, possible for the edge to pick up a story this or nx weekend edition. Then you will see it fly. I will attend the AGM to get the latest strategy. Am hoping the free makan this time will be good too... :D
It's not so much abt the profit, its the strength of the balance sheet and the future potential to invest in new fields. Not many companies are blessed with the opportunity to reset and arm themselves with a war chest
Balance sheet strength is an indicator of company fundamentals. But recent financial performance is the major informer of market perception.
We need the right balance of both to drive prices upward. As a matter of fact, in the real world, as opposed to the theoretical realm, market perception usually prevails much more, as compared to company fundamentals.
Palm oils for sure 2020 play. All out push for the country. Pinehill Indon plantations coming to age next year and beyond in stages. Huge potential either way.. If they stay in the game or if they sell, exit and redistribute the cash. Either way the stars are shining very bright for PINEPAC. AGM in 3 days... :D
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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....
chanky50
161 posts
Posted by chanky50 > 2019-11-27 09:06 | Report Abuse
AGM is on 2 December at Putrajaya. Go and make some noise.