Hellloooo, here seems like a dead town..... No one wants to goreng this counter? O&G related stock leh. Net cash company. In fact the cash can cover all the short term & long term liabilities and still got change leh. The net cash is worth 40c. Meaning if buy this counter @ 79c, u get back RM0.40. So you are only paying 39c? Got so big kap na o not oh??? Also, it fullfil superinvestor rules. Can consider leh...... Apply PE 10 also, RM 1.10 a'dy.
April coming soon...got 5sen dividend or not...banyak cash...apa apa macam currency pun ada...SGD,USD,YEN...no reward shareholder...raise question toward management...hehe
Oil and Gas equipment supply company with very good FA. Last Q EPS 3.06 sen and declared 2 sen dividend. Worth to consider, buy for medium term while most of the good OnG counters already goreng Up. Only Turbo remain at low price. It is a matter of time the price will be adjusted back to RM1.20/1.50.
I do not observe much improvement in terms of its share price this year compared to last year. The ROE =6.18% which is not satisfactory. I have requested for a copy of 2018 Annual Report be mailed to me. Upon receipt of the report, I shall study and give more comments. I don't understand why the 2018 Annual Report was not mailed together with the Circular to shareholders. The web site was also very incomplete. The CEO and board of directors must wake up to make the company more profitable since the oil price though has gone up this year, and this has no bearing to the Company's performance. Another moot point is that why have the AGM also this year at Royal Chulan again as last year when the attendees number to the AGM is normally rather poor. Why Can't you have the AGM this year at your own premises and save money for the company. Please note my comments are made without prejudice to any one. Investor in Turbo-mech.
Total less than 1000 lots done to crash this share price from 79 to 62 now, Obviously, they are trying to press down the price to collect them. Will collect them in future.
Hey! Today, R-Table will be covering $TURBO(5167.MY) - Turbo-Mech Berhad by presenting 10 years financial results in a short, fun & interesting way. Click the link below to watch the video.
@RISK8888 what’s the risk to invest in this cash rich stock ? As long as the Managment is honest .. I.e paying dividend consistently and not overdrawing salaries ... it’s a long term stock to hold
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titus
4,165 posts
Posted by titus > 2019-03-14 13:15 | Report Abuse
Hellloooo, here seems like a dead town.....
No one wants to goreng this counter? O&G related stock leh. Net cash company. In fact the cash can cover all the short term & long term liabilities and still got change leh. The net cash is worth 40c. Meaning if buy this counter @ 79c, u get back RM0.40. So you are only paying 39c? Got so big kap na o not oh??? Also, it fullfil superinvestor rules. Can consider leh...... Apply PE 10 also, RM 1.10 a'dy.