heng88 don't gek xim, I just buy in at 1.68=), this stock is quite a potential stock, if you visited their De-Centrum site, 100acres land to develop, and located 5min to 2nd IOI Mall will be complete very soon, unless you need Cash out so urgently, otherwise keep here should be alright.
Protasco said in their annual report that one of their goals is to become a multi billion dollar company in market capitalization. At the current price, Protasco is only a 600 plus million in market cap.
Furthermore, the dividend yield at the current price assuming 10 sen per year is about 6 plus %. How many counters can you name with such dividend yield in Bursa?
The dire need to exit this counter seem quite formidable by the shareholders despite repeated call for long term investment with RM2.60 TP. The dividend yield presumably ignore. Those who are bold enough to accumulate will emerge the ultimate winner.
i bought prtasco @ 1.61. becos of the Oil and Gas. now i had sold my yesterday and make a bit of money. the De-Centrum is not so strategic of the moment if might take few years to develop. unless LRT can reach there tomorrow.
Oil and gas venture announce already can be postponed and cancelled.
PP and projects announced can also be postponed and cancelled. PP was due to be carried out in July. In the end, it was pushed back to Jan 2015. Who knows.
This company hasn't implemented any major announcements so far. Every announcement has either been postponed or cancelled. Highly dubious..
It's not uncommon for Bursa shares to go up multiple times in a short time of one to two years, even for companies with poor performance
The operators for this company if any, are quite bad. Haha. The amount of share price increase they managed to push and goreng from all the exciting corporate announcements and a reasonably solid company is only $1 or 100% in 2 years. There's so much more value they could extract by pushing it higher rather than take profit at mere $2 and hurting investors and speculators confidence. Investors will actually buy given the fundamentals of Protasco.
Not sure if thwy are aware of this. It will be harder to goreng now. Good luck.
Majority investors buy into the oil news. Those made money loves the new investors. Those not just keep on waiting dividend or curse the ceo not investors. Can smell obvious winners and losers here. The ceo cannot bring share price up and ask new investors to come in. After news on oil and new investors came in share price can go up so high. Share price up ceo sell first then other investors follow. Curse the ceo sold highest? Now share price down they are buying. Being stuck century. Thank you ceo for bringing smart investors and the price up. I wait to buy again when smart investors are buying.
Also after reading the news. The smart investors and ceo pakat did a good show. Just pity didn't meet commercial terms else would end higher. Nothing wrong if change decision base on time to time market condition. If suddenly property market collapse you think smart property companies continue with big plans? Smartest ones will stop and watch or change plan. Oil news also market may change may not because of no good but not meet each other taste. Cannot speak Japanese don't say Japanese lady are no good. Just taste and culture different. Not many people are adventurous. Same as stock. Buy low sell high. Bodoh atau pandai just thin line. Careful or careless also thin line. I just being careful buy and sell. I smell buy opportunity again. Weak holders better sell now.
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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....
MikeT
204 posts
Posted by MikeT > 2014-08-08 11:05 | Report Abuse
got war, got ebola. dont buy any shares now la. keep the money.