told you guys... expect it to drop tomorrow, no special dividend** Ahem** TUA PEK KONG** Ahem** losses increased from their china operations, **BUT their dubai operations is turning around strongly. Losses reduced by 1 million, which is the top of my expectations.
Gonna have a selling wave tomorrow, but can add more at ~95 cents. Longer term, it's a good keep. Should I have sell? Maybe in hindsight.. anyway, fundamentally, it's improving, and they need to sell their remaining china assets ASAP now..
Mmm, sorry I was wrong. Main losses for this Q is from Msia operations.. Increase in cost of 1.5 mill...
The good news for ILB Their Dubai turnaround seems to be picking up speed.. losses narrowed by a lot YoY, and by 500k QoQ. Dubai business, on track and is looking good. Losses should stop by 4th Q, and may even turn profitable.
The bad news. Why Msia operations cost increased 1.5 million?? Mmmmm.. is it a one off thing too?
The neutral. China operations is still bleeding, although got QoQ improvement
Obviously, the best time to sell was in ~105.. so if you're holding ILB now, what is your strategy?
If you have holding power, I think it's fair to say QoQ for the ooming next 2 results, it's going to get better and better. If you like to sell, mmmm I think window is close now pretty much. Force selling at this point at most will drive it down to 90 cents. IF it falls down that low, it's actually a good price to buy more.... You can sell at 95, but you wont have much window to buy back, and you'll lost the 0.4% in trading fees~~
Risk between now and 6 months later, there's always the financial bubble in US keeping us awake. If it doesn't pop until then, I'll say chances are good... for a TP of around 1.10-1.20 in the next 6 months. The TP is not supported by *TUA PEK KONG* AHEM....
But it's supported by gradual turnaround of their Dubai operations into profitability, and possible dividends in the future. **Based on their previous records, I think they will give something out, just too soon for this quarter.
I'm saying this to myself as a shareholder, as well as to anyone else who would benefit hopefully. ** ILB strategy. Keep, but need to monitor the following risks. 1) Their next Q report MUST show improvements in Msia and Dubai operations. With China ops being neutral 2) Along the way, I expect the share price to drop from now until next Q's results. But drop by how much and will the directors buy more share once it hits 0.90 ranges? 0.9 first average down point. 3) Watch the US stock bubble.... if that pops, all else pops!
**PS, there's actually a very very good piece of news in ILB's operations in dubai.... that information is publicly available, and you should search for it own your own.
Anyone else care to comment? Constructive and informative discussions pls :)
Just wondering what they're doing to address the losses only, and what item is the 1.5million extra cost for?
Assuming the 1.5million of additional cost, is hopefully something in regards to servicing etc etc and is a one off thingy, we may see a good result in the next Q.
Number crafting now. Their current Q losses is -3.6 Assume the -1.5 loss as a one off cost. Next Q this will be 0 Assume Dubai operations gain 700k Assume China results is the same.
We're getting... 2.2m improvement. For a net of -1.4 loss
From -1.4 Assume a 700k improvement in Dubai with the rest being the same. -0.7m loss in 4th Q.
Think the above is very fair assumptions, and good possibilities that it'll breakeven by year end.
HI,MORNING ,JUST BACK FR LANGKAWI HOLIDAY,WHEN BACK SEE ALL LOW SAI,ALAMAK,I TOLD UR OREDY,ILD WILL GIVE UR SUPER SUPPRISE,IS NOT SUPPRISE IT IS NOT ILB,U ALL GO TO CHECK ILB FINANCE REPORT,FOR FEW YEAR NEVER GOT PROFIT,KEEP TO LOSS,BUT HE STILL CAN GIVE SPECIAL DIVIDEN BECAUSE............ DON WORRY ABOUT IT ,BECAUSE ILB IS ALIBABA.HE KNOW MAGIC
nolah,small money nia,my money all from klse,13 year before,me only 20k ,until today,that 20k every year born golden egg for me,i just can say,chia boi liau only,remenber ,don buy shares like gamble.
Drop may continue.. as I'll say most who buy today/yesterday probably is not long holder. Just wait until T+3 in the next 2 days.. if there's another wave of sell, we'll see some cut loss even triggered.. that will help the drop faster.
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....
mhelmi80
165 posts
Posted by mhelmi80 > 2014-08-25 13:06 | Report Abuse
regret not selling last week