9m2016 operating profit before tax is 0.139m construction 0.093M property development 0.192m trading total 0.424M divede by 119.5m shares , get eps 0.354sen ( assume 4q profit offset the tax 25% effect -i simplyfy it) pe250 is it good value?
replenish order book also not much, just seen 99m in the news, correct me if i m wrong no revenue, no profit, how much can share buy back, also each old rice
Beside that, the RM652 million is also a trap for those who not familiar with accounting standard.
This is a PFI project, that mean Melati have to incurred it own cost to build the building, then only lease back to government for the next 30 years. After 30 year, the building below to government.
That mean, during this 3 years of construction period, they wont be any net profit earned from this project. And the cash flow will be very weak, as it will only have money outflow, but no money inflow.
To finance this type of big project, Melati have to borrow loan and it will incurred loan interest. If I assume Melati borrow RM400mil loan @ 5%, then average interest per year is RM20mil. This RM20million incurred dutring the construction period (3 years) is not able to capitalised, it will directly charge to Profit & Loss.
Therefore, since the price still ok, you better quit yourself first, wait until 3 years later, the project completed, then only you come and enjoy the fruit. I'm sure you can buy at cheaper price than now.
I lost not less than RM500k in the past 11 years in stock market, I have being cheated by so many listed company, I learned a lot of trick they play, how they con retail investor, so I think my comment to you carry some weight, please do consider, no harm ya.
oh..哈哈..静静的卖..lol warning to all newbies in I3, most of the SIFU here will shout loud loud ask you to buy after the SIFU finish accumulating. No SIFU will let you know when they have sold all there share on hand especially when the promoted stock perform badly. BEWARE !!!
ya, becareful of PFI project, like Digistar PERSADA project, it maka lost on the first 3 years during the construction 2012-2015, this years start collecting 36m from jkr, but 19m go serve bond interest and say keep 18m as reserve for bond redemption 270m 15 years latter, good profit, judge yrself
osted by Albukhary > Dec 17, 2016 12:36 PM | Report Abuse
Beside that, the RM652 million is also a trap for those who not familiar with accounting standard.
This is a PFI project, that mean Melati have to incurred it own cost to build the building, then only lease back to government for the next 30 years. After 30 year, the building below to government.
That mean, during this 3 years of construction period, they wont be any net profit earned from this project. And the cash flow will be very weak, as it will only have money outflow, but no money inflo
super bad record..qoq drop from 13million to 500k? lol...this report will at least cause this share drop 30-50%...beware. very bad report...this stock low volume also...so you can easily saw you drop sharply soon.! i guess erkongseng already start selling his share, he will be asking you guys to pick up his share..lets see
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....
red_85
1,259 posts
Posted by red_85 > 2016-11-15 20:52 | Report Abuse
Lol, Mr er saw today big drop then deleted his comment yesterday. He still asked to buy More at 0.91 yesterday..