tambun had surge so greatly since mar.(after result out) from 1.6 to almost 2 now, 25% already. which stock just keep on surging without any stop or consolidated. have some patient lah lady & gentlerman.
I'm sorry. Quite busy these two days. Mr Teh converted 6.4 million warrants into ordinary shares, causing the share base jump to 404 million. He now holds close to 40% of the company. Maybe he thinks that KVC might be a threat if he does not increase his shareholdings.
FYI, I currently do not hold TILB shares after I've sold all my shares in early april and switched to Titijaya when it was around RM1.90 due higher growth trajectory. But I still like Tambun and maybe will reenter if the price drop.
I think the current poor share price is due to the conversion of warrants. Our capital market is so efficient that the share price will adjust accordingly. It is not that Tambun has lost its lustre but with 40% stake, Mr Teh can hardly dictate the share movement. Stocks like Titijaya, OSKProp, can easily being pushed up because the main shareholder own more than 65% percent.
based on the financial reports,the revenue and profit is going upwards and is very positive and the stock price is slowly catching up, i believe this stock is a very great stock if it is to be keep long term :)
5191 TAMBUN TAMBUN INDAH LAND BERHAD TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
TAMBUN INDAH LAND BERHAD ("TILB" OR THE "COMPANY") LETTER OF ACCEPTANCE IN RESPECT OF THE PROPOSED ACQUISITION OF 27 PARCELS OF DEVELOPMENT LAND LOCATED IN DISTRICT OF SEBERANG PERAI SELATAN, PULAU PINANG You are advised to read the full announcement at http://www.bursamalaysia.com.
the acquisition is around 16 per square feet way below market price of 50 per square feet. Ecoworld paid 50 per square feet for a piece of land not that far away
That is what impressed me. Low price purchase compared to competitors.mah sing got theirs atv30psf. Most importantly good corporate governance. No related party transaction
I think the outlook for the property sector is going to be challenging. But I like the marketing strategy of tambun. Affordable pricing. Should be better insulated from downturn than competitors.
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patrickbeh
166 posts
Posted by patrickbeh > 2014-05-19 17:25 | Report Abuse
so, how you think , tambun price will up to?