i have studied OSK Property. Like what people said, be careful of what you wish for. A merger with OSK might not be such a fantastic deal for PJ Dev. The bulk of OSK Property's land bank is in Kedah (only a few parcels in Klang valley). So OSK Property is not exactly that HOT.
But no need to jump the gun here. Lets wait for 26 Feb to see how their result perform
btw, OTB sifu, I am now taking position in ivory-wa (at 25 sen cost). As always, I am trying to be one step ahead of others (invested in PJDev-wc in 2011, a bit sochai, I acknowledge).
Everybody in this forum look down on ivory as they reported losses (minor) in past few quarters. However, I prefer to invest based on future rather then be guided by teh past. I see great potential when i look ahead.
Ivory holds 45% of JV company with Tropicana, which owns a piece of land in Penang Island (near USM) facing the sea. The land has GDV of RM10 billion to be developed over 8 years. Their 45% stake is approximately RM4.5 billiion GDV. Meaning every year GDV for Ivory is RM562m. Based on net profit margin of 15% (conservative already), net profit from that JV is RM80m. Based on 450m shares, EPS is 17 sen. Share price now 64 sen only. Based on PER of 10 times, target price is RM1.70.
hi mr OoiTB, u had repeatedly emphasized on PJD-WC potential, what about its mother share? will it be as impressive as its warrants? kindly enlighten.TQ
Posted by brendonyeap > Feb 22, 2014 01:35 PM | Report Abuse
hi mr OoiTB, u had repeatedly emphasized on PJD-WC potential, what about its mother share? will it be as impressive as its warrants? kindly enlighten.TQ
Ans : I will never buy mother, I will only buy warrant because of gearing and leverage. Presently, at a gearing of 2, it means mother share goes up 10%, warrant goes up 20%. I do not care about dividend, my main intention to invest in share is to have capital gain, dividend is only bonus to me. Generally, I always like warrant trading at a premium, I do not like warrant trading at a discount. Warrant trading at premium, most of the time, the warrant is an up trending stock and the stock is always very bullish. I teach this information in my course. Thank you.
Dear inwest88, FA is very strong, technical chart is very weak. The price must cross 2.36 in order to stay bullish. Q4 result will be out at the end of Feb 2014, hopefully the price can sky rocket up. Patient to wait for a few days to know the outcome. Thank you.
Guys please be careful. There is a lot of expectation built into the coming 26 Feb results. The results better be damn good, otherwise there will be a lot of the early birds taking the opportunity to take profit.
Posted by 林俊松 > Feb 23, 2014 05:16 PM | Report Abuse
Mr OTB, what is ur view on Tropicana? Bearish trend ended? Trend reversal?
Ans : You had posted your TA, I agree with your analysis. I am interested in this stock technically, however, I will do FA to satisfy me that there is some value in it. Before I finish my FA, I will not comment here. Thank you. Ooi
Correction : I don't know what he has contributed...so proud of himself...rummage,medicine(no meaning)...copied others...no no originality at all..lame.
Saturn101, can you go back to school and learn English grammar? Its so bad that many readers very confuse with you language..its not English at all.
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....
Ooi Teik Bee
11,572 posts
Posted by Ooi Teik Bee > 2014-02-22 11:52 |
Post removed.Why?