Hi s7eve I m a bit confuse here. After they close down their money bleeding subsidiary did they go sell chicken rice or still stick with steel ?? The market is expecting steel industry to bleed soon as part of its cyclical nature, that is why low P/E is irrelevant.
I want to know what is your mistake so that I can judge whether you can handle your other mistakes for those that happen before or those that may happen later than the time I should not be investing in your company.
When something is very cheap in price they can make money in the actual action or they can make money from the opportunity of selling out what is very cheap in price right now. Investing is no 1, actual action, and no 2, opportunity cost.
Masteel profit also down 85%. This quarter Malaysian corporates results all gone case. Will be worse next quarter definitely if Xi and Trump cannot come out with a solution this weekend. I doubt there will be any solution.
Warning already given earlier. The low P/E of 2.x and high DY of 4.4% is meaningless as it will turn to negative and div payout will be omitted very soon like a magic show.
Never came back to watch ssteel since I sold my last batch at 1.8x.. Now I only realised it has dropped to 0.82 today. Its lowest is 0.69 in year 2016, let wait and see whether 0.69 will be broken or not..
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Posted by hooi > 2018-10-11 05:38 | Report Abuse
penny stock soon