Based on the volume, interest in KSL is at an all time low! If KSL's management is not interested in its own stock, how would investors be interested?!
Despite being dogged by overall weak property market, KSL shd at least be trading around 2.5 currently. Am sure a lot of investors would prefer to opt for the dividend shares than cash.. Management cannot think clearly la …..sufferring from split personality problem… sometimes human , sometimes wolf…hahaha
The wolves and KSL's management's tardiness have made KSL shares a joke in KLSE. I don't know whether to laugh or to cry! PE at 5X - the best in property stock or thereabouts; latest quarter a blow-out 36% increase in NP profit from sales and rental; recurring income from rental and hotel etc almost RM50M/year; 40% of operating profits pledged as dividend payout; almost 8%/year dividend yield - better than the majority of REITs; very much undervalued land-bank; financial outlook positive; trading at a measly RM1.87/share; volume traded 87.3K so far today - less than some penny unprofitable stocks!! KSL must be the biggest joke in the KLSE!
my rough valuation to ksl is rm4 per share. here is my calculation: assumption 1: ksl will continue its earning streak assumption 2: ksl average net profit margin maintain at 40% assumption 3: ksl sells all units it builds
future potential earning per share = RM40b (KSL landbank GDV) x 40% (np margin) / 960 millions number of shares future potential earning per share = RM16.67 applying 50% discount and the present value would be = RM8.33
assumption 4: in within my maximum investment horizon, 50% of ksl landbank has left un-develop, thus,
Sry, i haven't take the warrant dilution into consideration. If the company warrant is fully exercised, the stock valuation should go down by another 16%.
braven. Even with warrant dilution, the price should be 3.50. But you did not factor in the low PE. If PE is 'normal' at say 10X, then price should be RM7! But as CCH said, KSL do not have a champion jockey riding a champion horse.. or has the jockey been 'incentivised'?
sikung 119, a true gem will eventually shine….:)) the jockey will soon realise he has shortchanged himself & and will eventually race like a Div 1 jockey….:))
you cannot blame the inertia of this mindset change of the jockey as he has started his career in the lowly Division 4 & he probably still thinks & behaves like he is somewhere near there despite struggling to upgrade himself….:))
The wolves' illegal trading can be easily traced. Their trades are all in the KLSE system. There would be at best about 12 of them. They would be buying and selling to one another. They will accumulate the share when the share price moves up. Then at a prearranged price they would start selling and buying back from one another. To try to mask their plot, they would allow the share price to recover at least once or twice before selling down again to their prearranged level where they will collect. This is also to shake down the confidence of the stronger hold-outs. They did this in December 2014 (taking advantage of the weak market sentiments) and in February 2015. However their activities are all on record in the KLSE system. An investigation will show that the trading downwards on those dates will be mainly between them - marked by the frequency of and volume of their trades downwards. Some will probably be proxies. However if questioned under investigation they will likely divulge who their principals are. And if they are KSL's insiders.....! Anyway if it happens again I will likely lodge a complaint with KLSE and simultaneously with the Securities commission for illegal insider and syndicated trading which retard the free market and cause massive losses to genuine investors! In fact I am seriously considering lodging a complain for the Dec 14 and Feb 15 slaughter of the innocent investors!
Good afternoon all sifus. Bro CCH.....how true about your LLN n NLL....... Where is our dear sis spidee?? BTW, how's your babies n their mummies ? Hahahaha...................:))
Bro CCH, maybe you should bring out your SMK 72 joy stick la......hahaha.
KLCI down again....more losers than gainers.... Market might have entered a bear phase.....with occasional technical rebound. No positive leads....everything is negative. Maybe the outcome of PAS election will gives some calm.....at least BN is in less danger comes the next GE.......hahaha. If not, better run now b4 the next GE gets closer.......my 2 sen.
Investors already ran from KSL; share price not affected much by recent sell-down. KLSE sell-down very likely to have bottom out. Anyway KSL ahould not be a stock one runs from. It should be a stock one run to because of its great fundamentals i.e. if not for the wolves and KSL's tardiness in supporting its own share price!
Sifu 119. These newdesk, F22 Raptor n spidee......they are all my sicheh and siheng.....they are smarter investor than me. If I have sold at about 4.50 in Nov, I think they have sold much higher.....and are now waiting for a kill.....a bargain to jump in...I suppose.
Bro CCH.....our darling KSL needs some viagra to entice our humsap committee to come back.....hahaha...... OR maybe you should show more of your SMK 72 joystick.
CCH that's a very good one. Reminds me of my days playing beach volley ball with the blond hair blue eye girls in their bikinis! Sigh..those were the days!
stkoay. Sure but full head of black hair, flat belly, muscular body and running up 3K feet mountain in 1 hour 15 minutes non-stop? A month ago, I single-handedly cleared 150 feet of a 4 feet deep monsoon drain in front of mine and my neighbours' houses of almost half a tonne of weeds. The local authority was sleeping on the job and I couldn't wait. Now venture a guess at my age. Hint: leng loois still look at me...longingly! Ha Ha Ha!
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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....
kenneth89
2,695 posts
Posted by kenneth89 > 2015-06-03 11:32 | Report Abuse
time to push ksl to the north...