Potential of Protasco. 1. De Centrum, hugh mixed property project 2. Road Maintenance, increasing Rev as projected by analyst 3. OnG venture. This augurs well to its present situation of 1. Low PE 2. High Dividend 3. Cash position
Aiyo..........worth to keep this company........wait until Venture Capitalist exit ...it will be the time to exit also.......of course in between there will be some profit taking lor.....for swing traders also can swing lah...........my 2cts comment...........ha ha ha
i have been keeping PRTASCO at 0.916...more than 100% return now, plus all the dividend i received all these years...a very good counter! Stable even after Tabung Haji sold their stake.
i bought protasco at 90sen, then sold out at rm1.19, and then bought back at rm1.40. may be will sell out at above rm2.00. i bought back because of it's property project, and plan to sell out because it plan to involve in oil and gas.
CIRCULAR TO SHAREHOLDERS IN RELATION TO:- (A) PROPOSED PROVISION OF FINANCIAL ASSISTANCE TO SUN ROCK DEVELOPMENT SDN BHD, A 64%-OWNED SUBSIDIARY OF PROTASCO BERHAD ("PROTASCO") (B) PROPOSED PRIVATE PLACEMENT OF UP TO 50,000,000 NEW ORDINARY SHARES OF RM0.50 EACH IN PROTASCO ("PROTASCO SHARES") ("PLACEMENT SHARES") TOGETHER WITH UP TO 100,000,000 NEW DETACHABLE WARRANTS ON THE BASIS OF TWO (2) WARRANTS FOR EVERY ONE (1) PLACEMENT SHARE; AND (C) PROPOSED BONUS ISSUE OF UP TO 33,546,259 FREE WARRANTS ON THE BASIS OF ONE (1) WARRANT FOR EVERY TEN (10) EXISTING PROTASCO SHARES
Aiyo mk88....thanks for your info....aiya...sold some of my one liao......gravestone doji not formed......luckily still left some.....can wait until receive the free warrant.....ha ha ha
This is interesting news. PP of 50m shares assuming @ RM1.60, can raised about RM80m. As for bonus issue, there is no economic benefits to the Company, but retail investors love it. They felt that if the pie is cut into smaller pieces, they can eat more, just a psychological advantage the felt.
Like it or not, Protasco has been the talk of the town lately for its moves.
Protasco Bhd (PRTASCO) - Not Rated------KENANGA----20//03//14 PRTASCO is on the investor’s radar after a research house pointed out that the road maintenance and construction player’s orderbook which currently stood at RM709m, may skyrocket to RM1.0b this year. Earnings prospect of PRTASCO looks promising, with the catalyst coming from both property, and oil and gas segment. At yesterday’s closing price of RM1.74, the share price was up 10 sen for the day. Trading volume was notably higher, after it broke above RM1.60 (the “Saucer Bottom” resistance level). Should follow-through momentum carry the share price beyond RM1.78 in the near-term, the share price could potentially rally towards RM1.86 and RM2.00 next. Failing which, we may see a retreat towards the RM1.60 level where we see strong support. Outlook Bullish Key Resistance level RM1.78 (R1) RM1.86 (R2) RM2.00 (R3) Key Support level RM1.60 (S1) RM1.54 (S2) RM1.44 (S3) Strategy Not Rated Current Price RM1.74
MIDF's report looks very positive. TP @ RM2.90. At the moment RM1.80, with upside of about 60%. Good FA with positive TA, downside risk should be protected. With some sweeteners (free warrants coming), worth to take a look. Problem about FA, like what Protasco has been trading at RM1.00 over past few years, now, with catalyst of contruction & development, it falls under strong growth stocks, should accumulate below RM1.80. The market cap today is about RM600m, when it getting near RM1b, lots of fund manager will look for this type of growth stocks, and rerating will follow. Of course, the management MUST deliver the result.
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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....
sephiroth
14,125 posts
Posted by sephiroth > 2014-03-19 15:07 | Report Abuse
huat aaar....kikikiki...20.5% gain liau