I m newbie, just to ask Sifu here what to expect share split effects on share price? Since the news mentioned corporate exercise only complete by 3Q2017, meaning the share only will split in 3Q ?
Hold tight! Focus on next q result which will drive mieco to the next highs. Do not make any silly decision based on price fluctuations. There's no stock which is moving only on a linear line.
next quarter will drive to holland. Even if mieco can double the profit and margin the PE is still high. No fundamental value support. No news support. Only banker support.
Hang tight brothers, we are about to break new highs. Even at this price, it is considered cheap. You either make small profit or retire comfortably when the next Q results is out
Take away ONE-OFF GAIN Mieco Eps only 4.47 which make Pe 52 !! Next quarter result will tell you the real poor eps. YoY or QoQ result comparison will be very bad.
Ignore the noise and focus to the next qe result which will drive mieco to the next highs. Here we can see people who made the noise when in fact they are being regretful for not buying mieco at the previous lows haha!!
I make a lot profit from mieco from 1.35 and sell at 2.00 then after dividend buy at 1.90 then sold at 2.50. Because I know this mieco only worth 1.00 and it is goreng by boss. Just make sure you run before near the next quarter result
Previous profit taking is over and mieco is now back on stable accumulation phase and on track for a re-rating to achieve new highs. Buy and hold tight. Ignore all the flies.
The stock is still caught in the bearish zone as shown the Moving Average(MA),Moving Average Convergence Divergence(MACD) and Relative Strength Index(RSI) charts.The RSI showed the stock is in the neutral zone- bullish and bearish.
Unless there is something positive and good news from the company the price consolidation will persist for sometimes.There were two long white candles spotted on 3 April and 14 April 2017 but the price support and momentum did not sustain the trend.
Just be patience and ride with the price wave.
Market activity is always interesting.There is moment of lows,ups and consolidation.
5 day collecting on avg higher price, i think next monday is the best win to buy at below price when their announce, price after that is higher (normally) from newbie :D
Despite of reduced quarter result, it has already been factored in the share price that's the reason the price has no impact after the announcemnt as long as it is still in positive result territory. All the envy of mieco will be sitting duck on regret for not buying when its price was at 0.80cts. Move on and carry on your life and let mieco holders to ride through the next highs!
hahaha just because mieco has banker inside. Current EPS has PE 20. Do you think PE 20 is normal or overvalue? Already earned major profit from this stock and banker is selling stock to retailer. Steel stocks is on the show.. Leave small profit <10%? to retailer la.. going after big profit >50% potential stock
Share split involving the subdivision of every two (2) existing ordinary shares in Mieco Chipboard Berhad ("MIECO" or the "Company") into five (5) ordinary shares in MIECO ("Split Share(s)"). Further to ILC-05062017-00004, kindly be advised of the following; 1) The above Company's securities will be traded and quoted "Ex - Offer? as from: 3 Jul 2017 (Remain unchanged) 2) The last date of lodgment : 5 Jul 2017 (Remain unchanged) Remarks 1: "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 5 July 2017 with share split MIECO shares. Any shareholder who is entitled to receive MIECO share split shares, may sell any or all of his MIECO shares arising from the share split beginning the Ex-Date (3 July 2017). For example, if Mr X purchases 100 MIECO shares on cum basis on 30 June 2017 (Instead of 30 July 2017), Mr X should receive 100 shares on 5 July 2017. As a result of the share split, 250 MIECO shares will be credited into Mr X's CDS account on the night of 5 July 2017 being the Book Closing Date. Therefore, Mr X can sell the share split shares of 250 on or after the Ex-Date ie from 3 July 2017 onwards." Remarks 2: The date of the listing of and quotation for the Split Shares shall be on 6 July 2017, being the next market day immediately after the entitlement date. The notices of allotment will be issued and dispatched to all the entitled shareholders of MIECO within four (4) market days after the date of the listing of and quotation for the Split Shares on the Main Market of Bursa Malaysia Securities Berhad. Entitled shareholders are not required to take any action.
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....
smartInvestor1
699 posts
Posted by smartInvestor1 > 2017-04-05 02:01 | Report Abuse
拿掉一次性收益 mieco 实际Profit只有 9,386 Eps 4.47 Pe 52 !!!
Revenue 没增长 Profit Margin 只有 2.9%
公司价值被严重高估 炒太过高 不用下个季度业绩出来之前一定大跌。