I juz realize once dividend ex Ancom price won’t adjust bec is giving AncomLB as dividend.Based on current market price of Ancom n Ancomlb it is ard 4-5%...better than bank FD....hahaha
ALB's book value on Ancom's book is only 5 sen, the ex-price should theoretically be adjusted half sen only (5 sen divide by 10). But because Bursa adjusted using market price of ALB (37.5 sen divide 10 = 4 sen), Ancom's price has been over-adjusted by 3.5 sen. This bigger discount offers a good buying opportunity before the next wave up, let's watch and see
Thanks ANCOM and sifu CALVIN as i have received my free ALB shares today and i plan to keep for long term gain. To all other sifus also a big thank you.
I foresee another day of closing green, foreign funds started to buy into this regional player with a hidden value of at least more than half a billion worth of the agrochem unit.
Recent increase in price during market close..What might be the reason behind? 1. Sharp increase in palm oil price?Plantation is heavy user for Ancom crop care products.. 2. Lately It was a block crossed at RM0.82 if checked back the DBT transactions..Rumors said it was crossed by a big fund house and fund house is increasing their stake...if this is real I think Ancom price can easily move to RM1.00 b4 end of December since the base is so small.In addition,a well know fund house acquired will gain other fund house attention. 3. Could it be company delivery good results and hence lead the buying interests? Things are getting interested.....
Any price below RM1 will be considered cheap in 2 weeks' time. Today will be another strong closing because a few big investors have already been briefed on the coming good results and turnaround story.
Discount price for mother share: below RM1 Discount price for warrant: below RM0.40
1) NIIS impending award. Whoever wins the contract, S5 gets 60-70% of project revenue as main con/back-end support. ALB progresses with Share Sale Agreement with S5. RTO to be completed.
2) AGROCHEM Super Bull Run - CPO rally beneficiary With Crude Palm Oil prices rallying to RM3,600 and no signs of stopping, Ancom's subsi Ancom Crop Care is a direct beneficiary of high CPO prices as palm oil plantations spend more on estate management to improve yield. Herbicides sales are at all time high even surpassing year 2018-2019 pre-covid.
3) Turnaround in Nylex Nylex was loss-making past 2 years due to downtrend in Methanol prices. Now that the commodity bull is in full swing, everything from soybean to CPO to Methanol have been appreciating in price. Nylex manufacturing have always been profitable especially Ethanol (for sanitizer). Once trading division turnaround, Ancom will see a positive contribution from Nylex.
Turnaround story may carry the stock to RM1.30++ NIIS award will give a turbo boost of extra 30 sen possibly (refer to when HOA was announced with S5)
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nowayout
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Posted by nowayout > 2020-10-28 19:08 | Report Abuse
Result improved and giving dividend..
I believe Q2 shud b good also...if maintain dividend policy I think will very soon will b gem...