Pantech is good and just patient for another quarter... Pengerang need a lot of pipe and valves. Everyone know that but what you need is your patience to be paid off.
And Share buy back is good for the shareholder, the company is doing nothing wrong. That mean, the company Is confident on itself rather than spend money to others place. It help to reduce the number of share in the market and help to defense share price at this super bad sentimental timing for all oil and gas related counter. Just be fair, Pantech still good.
Pantech even bought back their own shares in July 2014 with the price of RM1.10! The management understand how under-valued Pantech is now on the market...
The management is prudent to repay back the debts to reduce the liabilities significantly. Comparing 31 Aug and 28 Feb, long term borrowings reduced about 15% (paid back RM7,777,000), trade and other payables reduced about 22% (paid back RM9,338,000), overdraft and short term borrowings reduced about 16% (paid back RM21,516,000). In long term, the reduction of debts is able to save the bank interest significantly.
I ask my friend working at pengerang, pantech product only supply a litter bit... the reason I dont jump in and oil price keep drop... many cut project... not expect next q result will be good
Normally 21/22 Jan... if u like fast keep very long term then I think is ok. But choice to buy gadang and now is the right time accumulate for next year. ( price now consolidate)
The management is very skilled in managing cash flow of Pantech. Remember they declared RM0.046 dividends per share in the past. I have faith that they able to declare this amount of dividends in the future, with this payout of dividends, the dividend yield for the current price of RM0.62 is 7.4%!
I have no doubt with the pantech management capability, I just feel that they are too conservative... Maybe they need someone aggressive like me to expand their business ... hahaha
Their shares buy back is for real. Look at the day of 15 Dec 2014, bought back 550000 shares (min RM0.71, max RM0.725), paid RM397,230.90 in a SINGLE day!
Comparing 30 Nov 15 and 28 Feb 15, the Capital Work-in -progress increased to RM11,309,000, possibly the setting up of joint-venture new factory for hot-dip galvanising business. Expected to operate in the end of 2017. Long term borrowings, trade and other payables, overdraft and short term borrowings reduced significantly.
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....
fast
2,705 posts
Posted by fast > 2015-12-17 14:15 | Report Abuse
Aggressive buyback since 29 Jul 15...