Last quarter company made loss. Reasons were given in the announcement. Were the reasons unique to this company or common among Planters ? Other planters made profit though much reduced in last quarter. Will this quarter be better ?
An important development took place on 19 September 2013 where the price of TDM broke the resistance of 0.83. Ideally one would like to see an increase in traded volume to demonstrate the enthusiasm of the traders to push the price past this technical resistance level. However, there was a decrease in the traded volume in this breakout. Hence it is important to monitor the immediate price volume action to ascertain the validity of this breakout.
If the last quarter pattern persist, future PE could be more than 14 time . In view of stagnant CPO prices, right time for exit till clearer picture ? But like any GLC, fortune could be turned with just a windfall mega contract. So ................... ! Judgement time, throw a dice .
The support and resistance level of TDM are 0.785 and 0.86 respectively. It is observed that the MACD line of TDM is below the centreline indicating some degree of weakness in the price movement.
If the same pattern of 2nd quarter is repeated in Q3 and Q4, then this counter is doomed. Normally planters do better in 3rd Q, the question is how much better at the current CPO price level ?
valiant...for cummulative 2 quarters eps = 0.59 cents compared to 11.23 cents in previous year..yeah 23/05/2013 BONUS ISSUE 1 : 5 STOCK SPLIT 5 : 1 25/06/2013 --- so a share has becomes 6/5 =1.2 then becomes 1.2x5 = 6 --- so that 11.23 should be divided by 6 = 1.87 cents --- so profit down fr 1.87 cents to 0.59 cent... -- now i hope i've answer some portion of your question
Let us play crystal ball gazing. - meaning non scientific non financial expert way of doing thing. Ignore last Q -assume this is one off loss. Take previous Q EPS of 5.75 divided by the enlarge capital i.e divide by 6 ( quick estimate follow the earlier comment) that will bring it to about 1 cent per share. and X by 4 quarters that will be about 4 sen At 4 sen EPS the PE ratio will be about 20 time at the current price. If we gang-ho a bit assuming the last 2 Q of 2013 will be good then the EPS could go up to say ( simply say one) 6 sen and the PE is about 14 time then . Is the current price high or low with PE of 14 to > 20 ?????
May be a hospital or what not privatization project will turn around the situation You never know.........
What I mentioned is true. Look at the latest Q1 and Q2 result, you will know how TDM perform at this moment. Do you think TDM worth 80sen at EPS 0.59sen (2Q earnings, loss in Q2 2013). Plantation is the TDM major business, only CPO price up can help TDM perform well, BUT when CPO price will up?
I am not disagreeing with you on the cpo price...cpo price down but with more production will eventually compensate back. Also the yes plantation is major biz in TDM but don't forget about the landbank... :) I am not saying anything more than that
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Posted by asriruslan > 2013-09-11 11:51 | Report Abuse
phase profit taking >will continue up later