The discussion makes a lot of sense, but I remain cautious because even while plugging in only their short-term debt, with a generous 75% growth rate for 3 years and 15% for the next 7, the intrinsic value comes to 65 cents. Their balance sheet looks very healthy with ample cash and little debt. But the cash flow statement also looks dodgy, to me at least. I also want to know why a company with 93.8m in cash wants to borrow 5.2m.
林俊松 , suggest you to cut off your call warrant if you are able to reduce the loss and convert this Tudor king ...it is my personal opinion.Sorry if you are not disagree
avenger88, today I just further inject into sapura-cp warrant at 22 cents. To bring my weighted cost down a bit. I plan to give it a little bit more time to re-bounce since I have already lost about 28%. PM Corp need to reach 38 cents for me to break-even if I were to cut lost. Very difficult, I think the only way for me is to hold it tight & pray for the best. AyamTua asked me not to cut lost. I'm already holding equal share in PM Corp now.
avenger88,don't waste time on this guy. BONE, are you still around? would like to ask a question. this afternoon bought 50k ILB @1.99-2.00, closing next high for the year @2.05. now sitting on paper. already received the RM347m today from sales of china warehousing logistic. after factoring the nett gain of 1.01 the NTA is 3.14; company now CASH rich with joint venture operation in DUBLAI and malaysia only. these are loss making company.BONE,since you're expert in TA/FA shall I pick up the stock or contra off before coming FRIDAY. tomorrow sure will shoot-up with the deal done. PLEASE ADVISE. will drop by one day to have a drink. thanks in advance.(hopefully talking to the right BONE)
I have seen the Vision And for self I cannot live. Life is less than worthless; Till my all I give.
I have caught a Passion And for Tudor Gold I live Life is filled with Purpose All my time I give
Can you join me in Action? Telling Every One you meet Tudor Gold and Tango So Good and So Sweet
Have you seen the Vision? Can you feel the Passion? Are you now in Action?
I Got The Inspiration To Write While Visiting AEON & GIANT SUPERMARKETS IN ISKANDAR. TANGO 50 pcs IS ON OFFER IN GIANT At RM9.99 AND TUDOR GOLD 500 gm CANISTER ON OFFER IN GIANT AT RM15.99 Till November 3rd
Lim dun get Ayam Tua wrong, he meant hold it but if you wanna to average your cost for your SP-W by all meant switch all to PMCorp and grow with it! U can stop your nightmale right now! Can u please think?
To Jie Sheng Lim. Good question. Why borrow when you have ample? Take a look at the previous year's loan amount. It was about RM14m. They made a repayment of RM8.930m that year, bringing the loan figure down to RM5.2m. What does this RM5.2m constitute? Revolving loan? Bank facilities are used to facilitate business transactions just like LCs and BAs not that they need it for other purposes. Moreover, I think this is an old borrowing. I do not see any new bank borrowings from their cash flow statement. Do you?
alexanderSingapore, thanks for the advise. I will switch to PM Corp next Friday if SK-CP still not performing well. I will give myself a target & deadline. Really appreciate it. Sorry mikekong55 , if I had made u angry. =( Last week I sold Zhulian-CA warrant earn 10% within 3 days~
alexsingapore, don't bother to advise him. he will learn when his money diminish slowly and become zero before expiry date. better look ater your pmcorp. now RSI 82+ but think tomorrow will up again to 0.30;sold 4ook @ 0.28 today to cover my layout capital and bought 50k ILB @ 1.99-2.00(RM1.10 DIVIDEND PLAY). still holding 350k FREE PMCORP share. can sleep soundly now after holding for 9 over months.
mikekong55, u really think it is very difficult for SKpetro to re-bounce back to RM4.30? The upside of the company is limited after so many good news? If u really so sure, then I will cut all my lost there tomorrow & switch to PM Corp. This company need to hit 35 cents in order for me to break-even~
more and more people are showing an interest in pmcorp. next month better be on the alert after the release of financial report. buy on rumour and sell on news applied.alexsing. please take note.
melakaboy This Is My Story On Berjaya Corp Counter'
The Year Was 2006. BJ Corp has gone out of favour and fallen to a low of 10 cents only. Nobody wanted this pariah counter at that time. Almost the same reaction every where is condemnation and curses. Now why was I interested in it, then.
There are 3 Reasons:
1) The Privatisation of 3 Companies by BJ Corp
I bought BJ Capital at 90 cents. Price dropped below 90 cents after I bought and stayed there for a long time. One day when Berjaya Capital rebounded above 90 cents; I sold it off to get back my original cost of 90 cents. I had 30,000 shares of BJ Corp. To my chagrin, after I sold BJ Capital; I saw the price kept going up, up and up until RM3.00 when BJ Corp took BJ Capital private.
I count my losses. Sold BJ Capital at 90 cents. Price gone up to RM3.00. RM2.10 x 30 lots = RM63K
If I waited, I could have made RM63,000 profit from BJ Capital. Then I saw Dunham Bush privatised. And then BJ Corp went on to take COSWAY Private. But Surprise of Surprises! BJ Corp price still hovering around 12 cents!
How can the mother(BJ Corp) be so poor when it has 3 profitable companies in its portfolio?
2) One Day I found that BJ Corp NTA suddenly show RM1.15 in year 2006, whereas in year 2005 the NTA of BJ Corp is negative. I sensed something is being planned in BJ Corp. But at that time everything was so uncertain. And there was no clarity.
3) And the final trigger! I saw Vincent Tan kept on buying, buying and buying from 10 cts 11cts & 12 cts. In the absence of good news he is buying feverishly! I calculated downside is very limited. And it is cushioned by Vincent Tan share buyback.
So I bought 100,000 shares of BJ Corp at 12.5 cents
omgimnoob Leslie: read the whole forum and you won't type the above comment anymore. I have faith in this one. 30/10/2013 23:
- AyamTua sincerely agree with this one line statement ............ what disturbed most investor is that.. once you invested just keep the faith lah ................... not saying anything, for example this one ... investment in chocolate .... how hard that be? chocolate in supermarket .. full stop ... be it people cabut ... be it sentiment not in favor... why worry? you ALL have invested in CHOCOLATE ... what i am trying to say is.. you guys, are invested in something fundamental .. so why worry? .... irregardless of anything ALWAYS HAVE FAITH in what you INVESTED !!!!! chocolate ....... how hard that is to ponder and think and put into mouth??? I ate TUDOR GOLD so?? buy in supermarket ... buy in store and peddled by the road side ....
I dont have degree in investment.. but AyamTua see chocolate .. invest .. .that is .. 1,2, 3... sorry ... very simple ... no magic... no cheating ... no hu hah .. no nothing! .. it's consumer ..... chocolate. ... Tudor Gold ... in supermarket .. by road side ... etc etc etc ...... simple .........
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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....
Airo Chasz
382 posts
Posted by Airo Chasz > 2013-10-30 16:04 | Report Abuse
agree mike,,i think shark will enter upon 0.30cts..they now goreng other stock 1st