Old fox will not sell bcos it has been pledged to his margin to goreng Supermax. He just want osk to move higher to prevent further force sell on his darling gloves stock.
Anyone kindly advise as I just bought this co share. It is a good long term investment? This share is very active these few day. A blogger commented on this share. Is he very famous?
However if OTB & Co decided to move in, then it is a different Story. But OTB and Olh got serious teeth marks on each other over PjD....If Let by-gone be by-gone and makes no quarrel with money, OskH can easily reach 3.0
@TheContrarian, thanks for your advice. OSK share price has been hovering between $0.90 to $1.05 , most of the time below $1.00 since 2017. Do you expect any material change that will result substantially higher price from where it is now ? If you don’t mind , pls share your TP for 1-3 months.
Prob learnt a lesson from being BURNT 64 mil in JAKS when the controlling shareholder there pressed the price down to 49c & force the old buzzard to flush out everything in a margin call... LOL!
TheContrarian, senile KYY will be more angry with me for what you have just said . Hahaha... I was wrong to defend him against some very harsh comments on 22/3/21 in the MNRB'S forum , although it is obvious that he often exploit people's trust . This won't go down well in the rest of his life .
No need to argue with KYY, take it positively treat him and thank him as negative indicators to any stocks that he try to promote. At least he help me many time to run on high price area when he promote a stock
Today. I look at how safe when you invest your money in TopGlove vs OskH
-----------------------------------ShareHolders Equity--------------------Reserve (as of latest Qr )...Price 1) TopGlove.......................1,831,244,000..................................6,339.393,000....................5.15 2) OskH..............................2,095,311,000..................................3,242,334,000...................1.02
Now you know why Tan Sri wants to list in HK to raise 7.7Bil ( to boost Balance Sheet ) Once average selling price plunged, TG got to fall back on Equity to support Borrowings.
For me Bad Times always follows "after" Good Times plunged, OskH got 1/2 the reserve of TopGlove which means OskH can last a long time before Olh asks for Help from Shareholders.
OskH Price can move to 2.50 without any pressure on Balance Sheet (remember i am comparing one of Top Dog in Bursa( TG) where Banker Tp breaches RM 8--9 for TG
My sincere thanks to KYY for the run up of prices in OSK, KPS and MNRB. I made quite substantially after I unloaded some of my holding. To those who were trapped at high prices I hope you have learned your lesson well. Don't ever repeat your mistakes.
Approximately 7 years ago, boss made a offer @1.68, failed ..... This 1.68 was before bonus issue 1:2, thus, it is equal to 1.68/3*2 = 1.12 after bonus issue. After 7 yrs, today price is ???
I think those invested in OSK for more than 10 years know this :-)
The highs of OSK traded prices are : 2011. $195 2012. $1.70 2013. $1.65 2014. $2.25 2015. $2.10 2016. $1.70 2017. $1.70 (before BI) 2017. $1.07. (after BI) after BI in 2017 until today OSK is trading at $0.90 to $1.0 for most of the time .
I know I only make equivalent to FD rate of 3-4% from dividend on annualised basis for the last 5 years holding it. Those who bought at the highs in earlier years may suffer negative real return.
I remember the 2015 BI is for free warrant which stay out of money all the times and finally vanished upon expiry date . So, this BI for WR can be ignored.
After OLH gained firm grip on OSK ( more than 50% ownership) arising from the merger of Osk property and Pjd, it's return is somehow uninteresting. He is probably taking minorities as his banks providing unsecured loans. In this respect, I place little hope that OLH will do any corporate exercise that lead to higher valuation/ return for minorities.
FAIRnREASONABLE,.per your request,. Below are the highs, lows and average for respectfive years : 2011. $1.95. $1.30, $$1.63 2012. $1.70,. $1.40,. $$1.55 2013. $1.65,. $1.40,. $1.53 2014. $2.25,. $1.55,. $1.90 2015. $2.10,. $1.60,. $1.85 BI for free warrant 1 for 4 ex date 16/7/2015 2016. $170,. $150,. $1.60 2017. $1.70. $1.40,. $$1.55 BI 1 for 2 ex date 27/11/2017 2018 $1.07,. $0.86,. $0,97 2019. $1.00,. $0.83. ,. $0.92 2020. $1.04,. $0.65. $$0.85 2021 YTD$1.01. $0.81,. $$0.91.
Just take the year average price to compute capital gains and adjust for the 2017's BI to see the result of your investment. BI for free warrant in 2015 can be ignored as the warrant were out of money all the times and became waste paper upon expiry.
Assuming if I have bougt the share at the average price of $1.60 in 2016 ( before BI 1 for 2), the capital cost per share after BI is $1.60 (2/3) = $1.07. I am suffering capital loss comparing to the average price YTD 2021 of $0.91.
I have no doubt at all it is deeply undervalued. But will a fair valuation ever come? What will trigger that to happen? I asked these questions to myself for quite a while.
Thanks comrades for many of the inputs, i feel shy bcos i'm lazy to find info, and do calculation, even i doubt someone calculation, i'm lazy to check it .. just let it be .....
i come for chatting, bcos i think i know a bit about OSK, when the price was peaking, oldman timely put up a boosting article and it was echoed here ..... i think many know what it this all about, i,m the only one too busybody to drop a few sentences .......
Since started, let's has a closing, regarding investment, the ultimate goal is return, how much the return? oldman has wisdom, won't just ask u to buy, surely he will give justification to convince u, after all .... back to the investment goal, how much the followers gain, after taking his advice?
Regarding valuation, it was mentioned now, last month, last year, last 3 yrs, last 5 yrs ..... if this is told to newbie to deceive them, i;ve nothing to said, but if u already been so many years and still telling this .......
Every trading day up 1 cents also not enough!? If one month 20 trading days, one year 240 trading days. The end 29 March 2021 is RM3.41! Another Top Glove!? Supermax!? Tasco!?
FAIRnREASONABLE, if you are convinced the catalysts for re rating will likely to materialise I think it is good to stay invested . There is no absolute right or wrong . I can make wrong judgement too.
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....
TheContrarian
9,432 posts
Posted by TheContrarian > 2021-03-24 20:28 | Report Abuse
@Johnzhang, don't ditch your OSK shares. I added more yesterday at 97 sen to my initial purchase of 89 sen a couple of weeks ago.