Someone questioned me why I did not follow the hype on MP Corp when it was about 54 sen and instead interested in this fallen angel PM Corp.
Just 5 weeks ago MP Corp was trading at about 50 sen and PM Corp 15 sen. Now PM corp price has risen by about 70% to 25 sen and MP corp fallen by 2 sen or 4% to 48 sen.
Sometimes really have to depend on luck. Or is it?
member 41, just hold onto your share until Q3 financial reporting in end november. definitely will cross 0.30-0.38; am holding since february 2013. my price range 0.11-0.175
Yeah many argument about whose stock is better. The other one is AncomLB. Non-stop arguing. % weeks ago it was 17.5 sen. Now it is 18 sen. Gone up also by half a sen or 0.6%.
Whereas PM Corp now at 25 sen has gone up by 70% in the same period.
ANCOMLB has sold its subsidiary Sinsehmor (SSM) in SINGAPORE at very very good price at RM 46,425,000... with PE in d range of 18X to 26X.... TIS IS VERY VERY VERY GOOD..
The profit from sale of tis subsidiary is abt RM 25,362,000...
See note 2.2 and 4 of announcement
To put thing in perspective..... ANCOMLBs share capital is jz RM 47,328,000...
ANCOMLB can sell its subsidiary Sinsehmor (SSM) in SINGAPORE at very very good price at RM 46,425,000... partly cos Sing Dollar has appreciated a lot.....
Fact 2. Out of tis RM 46,425,000 sale proceed.....
RM 37,863,000 wil b paid to shareholders.. TIS IS D 8 sen FOR EVERY 10 sen SHARE part .......... don't b confused by d capital reduction.. it is jz for taking out excess fund... d important thing is U WIL B PAID 8 sen FOR EVERY 10 sen SHARE .... TIS IS GOOD
RM 6,562,000 wil b retained by ANCOMLB for working capital... to expand its other businesses.... TIS IS GOOD
RM 2,000,000 bal i suppose to pay d broker as commission.. legal fee etc
See note 4 of announcement
more to come soon.....
on why ANCOMLB has no loss anymore..... post d sale of SSM...
sharp ones may hv seen it for themselves already.....
d important thing is U WIL B PAID 8 sen FOR EVERY 10 sen SHARE .... TIS IS GOOD
RM 37,863,000 divided by 473,280,000 shares = 8 sen for every 10 sen share......
of cos ANCOMLB can pay u 8 sen for every 10 sen share....
when it received d sale proceed of RM 46,425,000... it wil hv 9.8 sen cash per share..
RM 46,425,000 divided by 473,280,000 shares = 9.8 sen for every 10 sen share......
Fact 3.
As there is a big profit of RM 25,362,000 and a very big RM 46,425,000 cash sale proceed... d effects of d sale.. special dividend.. capital repayment.. on d NA n Gearing r also positive....
NA wil go up to 8 sen for a 5 sen share now.... cos RM 6,562,000 wil b retained for working capital.... TIS IS GOOD
Gearing wil go down from a low 0.15x to an even lower 0.11x as part of d RM 6,562,000 wil b used to repay loans n overdraft... a lot of flexibility here.. TIS IS GOOD
See note 6.3 of announcement
wit d RM 6,562,000 being retained for working capital.... ANCOMLBs future is bright
TAKE A LOOK ANCONLB.... CAPITAL REPAYMENT IS ONNNNNN....
UNLIKE HERE... NO NEED TO WAIT FOR CAPITAL REPAYMENT IN OCT NOV DEC .... MORE DIFFICULT TO PREDICT THAN QE TAPERING....
good stock to invest - an affordable chocolate stock @ 0.250 - value investing below $1.00 ! a consistent MOVING UP stock. the brand names of Tudor Gold, Crispy, Tango, Kandoes and Kiddies.
I think Chocolate has a point to make... invest in something real .. that can be seen everywhere in supermarket, be touch and be eaten and berak later ... something real .... not imaginary ... could this be the second chance of "coca cola" history during the Warren Buffet earlier days? .... think got also other chocolate maker but in term of price this still can grow big big ... dari 25 sen kepada 1 ringgit ... ada balance 80 sen ..... 80 sen boleh naik bas aircond .... hehehe
AyamTua, u seem so happy, guess u must b earning more than 10k already. I just bought little amount at 22.5 cents. Should I sell off my SapuraKencana share & pump more into this share? Kindly advise me, Calvin~
best scenario if SapuraKencana make money , you can put some in here and the rest let SapuraKencana profit run (if got lah) .... so long wang masuk ........ sana bikin wang, sini pun bikin wang ... we are in emerging capital market hehehe
By all means Ayam Tua, Buy everything before Mr Market Report PM Corp favourably in Focus Magazine, The Edge Daily, NST Business Section & Star Business Section, Sin Chiew, China Press & Nan Yang Siang Pau and all other publications.
When Mr. Market Finally Take Full Notice & Go GaGa Over PM Corp you all must resist buying, then!
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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....
hello
277 posts
Posted by hello > 2013-10-24 15:03 | Report Abuse
UPP UPP UPPPPPPP !