PROTASCO BHD

KLSE (MYR): PRTASCO (5070)

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Last Price

0.34

Today's Change

-0.005 (1.45%)

Day's Change

0.33 - 0.34

Trading Volume

735,800


16 people like this.

5,880 comment(s). Last comment by LY Hoh 4 days ago

jerryc83

53 posts

Posted by jerryc83 > 2014-09-05 11:37 | Report Abuse

Hahaha... As I said before, if u have faith, just keep holding this stock.

Sean

741 posts

Posted by Sean > 2014-09-05 12:03 | Report Abuse

klse talking bout me? hehe... because bot it again at 1.78 this morning... so still not considered sold...

Sean

741 posts

Posted by Sean > 2014-09-05 12:24 | Report Abuse

me scare d as few counter can take profit but still holding, then drop later to entry price... now if got 10% then lepas... lol... really dont know how coldeye and other long term investor do... my hand itchy when see price up... keep park to sell... think i need to control d to earn more :(

klseklse

124 posts

Posted by klseklse > 2014-09-05 12:24 | Report Abuse

@Sean : clever :) i bought RM 1.66 and still holding tight

Sean

741 posts

Posted by Sean > 2014-09-05 12:31 | Report Abuse

nice 1 klse...
my first sold PRTASCO was bought at 1.64 kekeke... may the luck keep follow me :) and the shareholders here...

Amao Mao

205 posts

Posted by Amao Mao > 2014-09-05 13:24 | Report Abuse

I started collecting at 0.9 out of good dividend payouts history, strong long-term sustainability and consecutive net cash status, so I didn't consider a bit to sell it, even at 2.13

Amao Mao

205 posts

Posted by Amao Mao > 2014-09-05 13:27 | Report Abuse

Last year we were rewarded with a handsome 14 sen dividend, and the price by then oni like 1.3

Amao Mao

205 posts

Posted by Amao Mao > 2014-09-05 13:37 | Report Abuse

If propert line this year contributes more income, year end interim dividend might also hit 6 sen, bringing a yearly total of 12 sen. If price is to hover at 2.0, it would translate to 6% p.a.! Double the FD rate, and this does not include the 1:10 warrant (which might not materialize after failure in o&g venture)!

sosfinance

1,305 posts

Posted by sosfinance > 2014-09-05 15:24 | Report Abuse

Volume is up. That is good news. Lets hope it sustain.

Sean

741 posts

Posted by Sean > 2014-09-05 15:31 | Report Abuse

kindly up please! LOL

amunia

118 posts

Posted by amunia > 2014-09-05 16:49 | Report Abuse

last minutes suddenly up to 1.84, maybe uptrend will resume on monday ;)

air01557

2,511 posts

Posted by air01557 > 2014-09-05 20:33 | Report Abuse

this valued stock took a very very long time to start moving - but now it is definitely on a strong rebound accompanied by volume - should break its 52 week high of 2.13 within a few days !

air01557

2,511 posts

Posted by air01557 > 2014-09-07 09:38 | Report Abuse

on the way to a 52 week new high

air01557

2,511 posts

Posted by air01557 > 2014-09-07 23:17 | Report Abuse

On the way up to its average TP at 2.55 - BUY

nich0las

2,787 posts

Posted by nich0las > 2014-09-08 10:20 | Report Abuse

Hold, Hold.

nich0las

2,787 posts

Posted by nich0las > 2014-09-08 11:57 | Report Abuse

little share unit also cannot up but drop. what is this management doing?

Amao Mao

205 posts

Posted by Amao Mao > 2014-09-08 14:45 | Report Abuse

Negligible selling volume, some profit-taking and some others slurp up

Sean

741 posts

Posted by Sean > 2014-09-08 14:50 | Report Abuse

don't care daily fluctuation la.. keep it in pocket and see back years later... :P

cfoong

1,189 posts

Posted by cfoong > 2014-09-09 08:56 | Report Abuse

tentatively, prtasco will be range bounded from 1.65 to 2.1...unless it removes the corporate exercise..then it will be possible to move up higher prices... Do remember the best parts has yet to reflect in his qtrly result... adopt both long and short term strategies... partly for short and maintain portion for long term divdien...wa...10 sen last yr...this yr est..12sen... :)

lcng123

1,127 posts

Posted by lcng123 > 2014-09-09 09:46 | Report Abuse

the negative impact from oil & gas called off has been resolved and now is the time for protasco to move forward as the basic fundamental issues remain unchanged. property project, de centrum continue to contribute positively in coming quarters.

ryan_och

304 posts

Posted by ryan_och > 2014-09-09 09:53 | Report Abuse

you buy lah, later TPY shot it down again

lcng123

1,127 posts

Posted by lcng123 > 2014-09-09 10:03 | Report Abuse

please don't misunderstand. i am not recommend people to buy protasco, but for those who own the share, you may keep it for 10sen dividend every year.

nich0las

2,787 posts

Posted by nich0las > 2014-09-09 11:30 | Report Abuse

I dont think TPY will sell kot. De Centrum project still running. He must buy more later when all ikan bilis sold off.

ykloh

518 posts

Posted by ykloh > 2014-09-09 11:59 | Report Abuse

The O&G deal has been called off but NOT resolved yet. It is only considered resolved when the RM50 million is fully recovered. Certainly hope that there will be no issue here, but do not bet on it.

ryan_och

304 posts

Posted by ryan_och > 2014-09-09 12:32 | Report Abuse

yup, the management credibility is in question-mark.

ykloh

518 posts

Posted by ykloh > 2014-09-09 12:53 | Report Abuse

The O&G deal lapsed on 28 July 2014. Announcement made on 4 August 2014. Deposit of RM50 million supposed to be repaid 14 days after deal lapsed, ie 11 August 2014 and is now 28 days overdue. So far no announcement. What the hell is going on?

sosfinance

1,305 posts

Posted by sosfinance > 2014-09-09 17:43 | Report Abuse

perhaps that is one of the reasons the price didn't move much until this oil and gas issue is resolved. I believe Protasco must update its shareholders, at least has a timeline, else, not so great for the share price or the company. Else, this company is doing ok, used to do about RM40m over last few years, and with DeCentrum, over next few years expected to be RM70-80m. 20-25% earning growth is good for the company and the share price. Management should update the development of the oil and gas deal soonest possible.

sapura

23 posts

Posted by sapura > 2014-09-10 03:15 | Report Abuse

The way the reckless management handles the oil contract by simply "pump and dump" and no well though plans nor update is irresponsible and distrust by investors. What the management did is a total lost of credibility and questionable on their capability. Were there oil expert guidance on how to handle oil business, or proper negotiation with counterpart in handling over oil contract back to government, or depart carefully instead of rigorously, and why do things as they selfishly think fits, all these may end up loosing everything at investors cost. What if the Indo government ask for penalty due to long delays in fulfilling contract obligation? Was it on purpose and obviously government felt cheated or being played fool, then how to handle? Or company actually doing nonsense and piss the government off further and asking for more damage?

This kind of selfish dictatorship is dangerous, may end up not only loosing good term with the government oil company, or may lost any room for replacement or future assets recovery. If recklessly pissed of government it may end up being sued for negligence and incur even more damage to company. Oil business is not for average Joe, so as way of handling, will like to see how the headless fly safeguard company interest properly.

I believe proper negotiation is being carried, and do it the government way and hold them off from penalty, hopefully can secure structured recovery rather than nothing, worst, inviting more damage.

air01557

2,511 posts

Posted by air01557 > 2014-09-10 08:24 | Report Abuse

after making gains last week some profit taking set in - enter now for next upleg

bull9395

98 posts

Posted by bull9395 > 2014-09-10 12:32 | Report Abuse

stock price may hold and slowly build confidence as long value is retained. investors wasted 2 years no worry if recoverable equivalant. worry if any value lost like collateral asset goes down or being pulled or like market speculate pissed off government and invite penalty then that is big impact. believe co management smart enough to soft talk nego win win to protect investors interest.

pinang3

5 posts

Posted by pinang3 > 2014-09-10 18:30 | Report Abuse

someobe should check if asset value still good or not, if less value then why.

cfoong

1,189 posts

Posted by cfoong > 2014-09-12 08:57 | Report Abuse

it trends down towards 1.64/1.65... jagalah..

Sean

741 posts

Posted by Sean > 2014-09-12 12:18 | Report Abuse

they are scaring off those small fish only... LOL
i will hold long now...

tasoke

317 posts

Posted by tasoke > 2014-09-12 13:19 | Report Abuse

kauter ini blh beli simpang , harga 1.70 kebawah blh beli average down, tak akan kecewa penpegan kauter ni.

air01557

2,511 posts

Posted by air01557 > 2014-09-12 17:49 | Report Abuse

can accumulate and hold for mid term.

pinang3

5 posts

Posted by pinang3 > 2014-09-12 17:49 | Report Abuse

i cut lost already. hopeless ceo run business like cowboy.

Posted by Chris K Yeong > 2014-09-13 16:01 | Report Abuse

Why hopeless? Technically it is still in uptrend direction. My tp is 2.19 which is 15% lower than TP given by MIDF and RHB. People who with too much emotion can't make money from stocks. Calm down guys.

Posted by Chris K Yeong > 2014-09-13 16:03 | Report Abuse

When it complete forming a triple u it will be very powerful shooting up to the sky.

Posted by liminvest > 2014-09-14 12:53 |

Post removed.Why?

nich0las

2,787 posts

Posted by nich0las > 2014-09-15 03:39 | Report Abuse

Lol, this share gd to keep for the div. Not gd to keep for betting. Hehe.

ryan_och

304 posts

Posted by ryan_och > 2014-09-15 13:19 | Report Abuse

looks like the downtrend continue!!

vergenus

20 posts

Posted by vergenus > 2014-09-15 23:52 |

Post removed.Why?

yongyou

4,676 posts

Posted by yongyou > 2014-09-17 13:03 |

Post removed.Why?

kuan1yi

11 posts

Posted by kuan1yi > 2014-09-17 23:14 | Report Abuse

I also duk kumpul average

Posted by arbainmahmood > 2014-09-18 00:11 | Report Abuse

plan to add at 1.49

nich0las

2,787 posts

Posted by nich0las > 2014-09-18 11:02 | Report Abuse

1.49? when? 2016?

free

8 posts

Posted by free > 2014-09-18 15:53 | Report Abuse

after bonus issue may be 1.49 :)

Posted by Chris K Yeong > 2014-09-19 01:06 | Report Abuse

It's time to move. Watch out

mudshuk

20 posts

Posted by mudshuk > 2014-09-19 08:11 | Report Abuse

when is it?

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