I don’t see why the share price of Plenitude should be drop so drastic because this company is fundamentally strong. Unlike some lousy company with huge loss and high debt and soon going to join PN17 club, Plenitude had all the good ingredients that we should look into it for a longer term. Let us see below:
1. Whole year 2014 performance the profit is up from RM77 mio to RM87 mio compare last year. 2. EPS had increased from 28.8 to 32.5 sen 3. Cash in hand stood at RM396,356,000 in the balance sheet. By the way not much property firm in Bursa is such cash rich like Plenitude. 4. Acquisition of Gurney Hotel Penang will provide recurring income for Plenitude in coming future where Plenitude won’t solely depend on the income from property development. Even it paid the hotel with cash RM160 mio it will still have plenty of cash in bank. (RM 236 mio) 5. Plenitude had sold its 36.94 acres of land in its Taman Desa Tebrau township to the Ikano Group for a total cash consideration of RM64.4m (RM40psf) in year 2007 and now the Ikano Group had getting the approval from relevant authorities to develop the popular IKEA mall. 6. This was the strategy of Plenitude selling it land to Ikano Group because when Ikea Mall is up mean the land which Plenitude had in their book in Desa Tebrau will be benefiting just like Ikea Mall benefiting the development in Mutiara Damansara and Kota Damansara in Selangor. 7. Together with AEON Tebrau City and TESCO hypermarket and IKEA retail store, Plenitude has a land bank of approximately 300 acres in Tebrau for future development. This will make Plenitude the Jewel among the property stock in Bursa for time to come. 8. Not forgot others land bank in Puchong, Penang and Sg Petani, Plenitude had bought this land many years back when the price is still cheap.
Strongly agree with you. M watching the show. Have not sold mine yet......who knows...suddenly they announce bonus and split !!! NTA RM 3.61 this share...can sleep peacefully until bonus is declared !!!!
@CK. I share related info. in related forum. In this case, to investors who are into property stock....... and only to "solid" investor......not to those penny/speculative stock/investor. I feel those holding Plenitu and MKH are serious investor. Like I said earlier, quality stock attracts quality investor.
Return Eps/price =0.325/3.1=10.5% per year better than FD Price /NTA = 3.1 /3.63 =0.854 safety margin 117% use Rm0.854 to buy Rm1 of asset of Plenitude Last quarter lower revenue mainly due to impairment on goodwill of Rm 5.6 million which will not effect future earnings of company and no cash outflows . If we add in goodwill expenses EPS should be Rm 0.48 and base on PE = 10 Plenitude share price = Rm 4.80
On 7th Sept 2010, Plenitude had proposed bonus issue of 1 for 1. The financial statement for the year 2010 the share capital was 135,000,000 with the reserve of RM572,118,000.
And from the latest result for year 2014, the reserve had balloon to RM710,540,000 which mean in order for Plenitude to propose bonus issue as a reward to the shareholder shall not be an issue. It is just a matter of time.
@CK. Cannot compare apple with orange. Though Plenitu is also a good company........but someone claimed....got MORE potential than KSL........ Early in the morning already want to laugh die me.... Wakaka.........................
at this moment, ksl is more powerful than plenitude, but if plenitude announce a good news ahead ksl, then it's hardly to predict how plenitude can shoot up.
Plenitude is debt free company and got a lot of cash on hand so predict the shares price will surge to 4 mark soon and bonus issue is on the track. Trading buy call 5.00
Sapphire.....not action lah......just defending my Darling-KSL only lah. How's your Camry? At least KSL has given you a Camry.......I have not got anything yet......so must protect my Darling loh.....hahaha.
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....
ghost
89 posts
Posted by ghost > 2014-09-03 15:37 | Report Abuse
up too fast liao..sien