I think is a rotation play for aluminium stock. Alcom was inactive past few years and nobody wants it even though balance sheet is healthy. I think good quarterly report is coming.
If alcom really make profit this quarter, then , in the statement, can state how many percents or times comparing to previous years financial improvement is, ha ha, that time, price will skyrocket.
Yes, the company is turning around with the new MD directions. No doubt PMetal is a better because they have smelter and also now the ingot price favour them with high premium.
Alcom has dropped everyear in term of price .. always gives dividend ... yet not making profit for 2013 and 2014 ... lately it suprised everyone , going up with no reason except due to share buyback ... beware
Hi, look at the positive side of Alcom. Maintaining Listing status is an expensive affairs and if the promoter (major owner) of Alcom is not getting benefits and with low trading volume, considers delisting, at 1 time BV we shld get RM1.33 back. Alcom has resume paying dividend and I am sure this will continue (unlike SMEs talk 3 talk 4) – MNCs don’t act on something and make a u-turn tomorrow. As current price of 90 sen a piece the return at 5 sen dividend gets you 5.55%. So, why hve second thought – buy 5k and just wait
Alcom investors – understand one of the unwritten rule of value investing is - good to have a site view of the company you are putting the money in. If the surrounding areas are well kept it meant well- managed company. BTW the Alcom factory is in Bukit Rajah Klang Industrial Park – any Klang folks that can help to provide a review on this. Tks
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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....
Hustle
3,615 posts
Posted by Hustle > 2012-06-22 16:44 | Report Abuse
Boring...doing buy & sell by his own...what a loser.