Fundamental or turnover does not translate to price performance. U do not know your stuffs. Go check the last 3 qtr profit. Last two years people like u here already talking about bull privatization. Congrats to u 4 being a big holder of jcy now and having to hold long term like him.
No need know my stuff lah tak ada akal andy. I know big holders. He alredi said wantcto push abv rm1 next yr. Just buy and wait. Tak ada akal, ppl look at 10yrs record, tak ada akal look at only few quarter records then come out scream like tak ada akal.
I pity u really. Guys,do take a look at his other comments on his portfolio, he too repeatedly thinks he is great and CANNOT accept other people's opinion, he is not only rude to others but a person with full of hated, malice and anger. Pity him, his family n friends who r surrounding him. Started the fight here n will not stop. Good for nothing idiotic pain in the ass who do not deserve any glory, honor and praise. No point arguing with jerks who have have no substance in justifying what he is trying to counter. Totally zero knowledge in shares.. go f a kite...
I know now will be drop because the profits data can not to support the price share plus no news support it up... is hard to say it will up or down.. in future but I bought it at 73sen.. I hope it will up... I know i have to wait next Q... and see what will happen...
Drop is a good sign... no news... the profit low than expected.... so the drop must be happen... good because the big shareholders didn't hold the price and let anyone to come in.... as long as the volume in there.... the uptrend will be a chance to go up... if not... it will be a dead stock...
0.03 so far, near 5% div yield now! One of the highest for tech stocks! Top 30% shareholders holding somewhere like 89%, and JCY Keep questioned by Bursa for low distribution. Must well they privatize it or if not distribute out to others via Bonus issue!
I've been trading JCY 2 years........always buy when oversold.....keep it for 2 -3 months......overbought I sold all ....JCY is cyclical stock ....cannot keep for long term...... I was holding this price 0.575 (6 months ago)......sold @ 0.70 a month ago.... ..did'nt expect it to revisit......... Now I'm having itchy fingers .....but to market uncertainties I stay out........
Severely oversold and current global weakness is opportunity to take position. Stock has dropped over 30% from .76 since laster quarter result announced on historical market expectation earnings will deterioate (which will not be true). Seagate and Western Digital (both JCY largest customers) are now duopoly and the same consolidation is taking place amongst HHD component supplier like JCy leading to increasing average selling prices (ASP) and better earnings growth. The slight drop in last quarter result was due to traditional year end finacial reporting period in US where both WD and Seagate stop taking inventory to clean up balance sheet leading up to financial year results announcement each year. Expect JCY earnings to grow each quarter on increasing ASP's as it monopolizes the global HDD component market. The wild swings from profits to losses each year will no longer be seen. This will be proven from next quarter results announcement in november.
There is also a market misconception that JCY is part of the semi conductor/microchip industry which is incorrect. It does not make nor does it supply any of these products.Both HDD makers WD and Seagate earnings continue to grow and projected to keep growing due to growing enterprise and cloud demand for HDD.
Jefferies' Top IT Pick Is Western Digital, Sees Loser In IBM John Seward, Benzinga Staff Writer October 10, 2014 1:40 PM
Amid an aging infrastructure of business computing assets and the rise of so-called Big Data, an analyst launched coverage of computer hardware companies with a raft of mostly upbeat recommendations.
Western Digital Corp (NASDAQ: WDC [FREE Stock Trend Analysis]) got a "top pick" rating from Jeffries' James Kisner, who awarded International Business Machines Corp. (NYSE: IBM) with his only Underperform rating in the group.
With expanding use of cloud computing, Western Digital has top market share of commodity-style hard drives that are key components in the technology according to Kisner, who hung a $124 target on the company.
Although flash technologies are increasingly replacing traditional hard drives, Kisner said the cost advantages of Western's traditional magnetic media will persist far into the future.
Moreover, with nearly half Western Digital's revenue tied to the market for personal computers, Kisner said the sector should soon stabilize, with projections of a 2 percent growth rate in PC shipments for 2015, versus a 1 percent decline in the current year and a 7 percent drop in 2013.
As for old Big Blue, Kisner said much of its recent EPS growth has been driven by stock buybacks.
IBM is "in a period of transition" as the software business shifts to subscription models from licensing and as the adoption of cloud computing eats into IBM's more traditional outsourcing of computing services.
Kisner also cautioned about IBM's increasing reliance on vendor financing for its sales as well as trouble converting its earnings to free cash flow.
Citing scenarios broadly similar to Western Digital's outlook, other companies launched with Outperform ratings by Kisner include Seagate Technology PLC with a target of $70, EMC Corp. with a target of $37 and Nimble Storage Inc. with a target of $33.
Yes. price should be .90+ after next few quarter results is announced. The only reason price is so low now is because of global sell off and market thinks earning will deteriorate which will be proven wrong when the few quarter results are announced.
What to do. I hold since 2 year ago from 0.81. Get dividend and hold only. Now at least got dividend, that time dont have because result no good. Hope results good next month. After bought 59cts kept down till 53. Wait wait wait.
I sold half ... Hopefully can touch 50c . Then buy back again ...cos I waiting for next quarter result ... Dollar getting high ... Better margin for joy
The ones sold off recently have made a very big mistake. Source tells me the coming quarter profit is going to exceed last quarter and will continue to increase for the next 12 to 18 months. The cloud and enterprise hdd components the company produce have a 70% higher margin then consumer hdd component. The selling prices have already started increasing by about 30% for some components.
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....
Steven Yong
1,251 posts
Posted by Steven Yong > 2014-09-27 22:59 | Report Abuse
Speaking abt privatization, you not big holder, how you know?