After they disposed their Permanis business to Asahi last year, only DOE Industries & Potex Industries are left in their business structure. I don't think there will be a good dividend so soon until they have decide their next business acquisition & start grooming the business.
Well Tony,they will be having their 2qtr Board meeting end of this mth.I beleive they have zero in the co to replace permanis and utilizing their 60 mil cash for the TO.This co definately a profit making co. can tell more than this. looking at 1.25 lvl.
azta12, no money cos the company already do capital repayment to shareholders. this will confident shareholders towards the company management. the company recently acquired a company is call continental resaourses sdn bhd.
C.I. HOLDINGS BERHAD (“CIH” OR “COMPANY”) PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF CONTINENTAL RESOURCES SDN BHD (“CRSB”), COMPRISING 1,800,000 ORDINARY SHARES OF RM1.00 EACH IN CRSB, FOR A PURCHASE CONSIDERATION OF RM42.0 MILLION TO BE SATISFIED VIA THE ISSUANCE OF 20,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN CIH (“CIH SHARES”) AT AN ISSUE PRICE OF RM1.10 PER CIH SHARE AND THE REMAINING RM20.0 MILLION IN CASH
buki, one trick I have learned over the years is that for a stock like this, don't crack our heads trying to figure out too much details. Just buy a little bit and put it aside (emphasis on "little bit"). This is because no matter how we try to analyse and predict, we can never get it right. I doubt even the management has the answer for your question. Even for them, the whole thing is still evolving and they have to play by ears.
I saw your 2 analysis papers & decided to enter. Can hold this stock until next quarterly result out? The stock had been hovering at around RM1 for few years, is it time for it to rise in 2015? Revenue & net profit started to improve.
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333woo
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Posted by 333woo > 2012-05-05 22:00 | Report Abuse
Hi all bro and sister how you all see on this stock pls advise tq