Wow! cheap sales! you can choose to sell now but it means you lose money even if adding the value of warrant. Choose to hold and average down, looking at pohuat historical price, there were few times it fell but climb up much higher. This is a good opportunity to collect.
rocky77, warrants of RM0.47 only the theoretical value. We refer to Homeriz-WA which is trading at 28% premium. We based on conservative assumption of 20% premium, PH-W could trade at RM0.80 (I assume mother price at RM1.50 before the quotation of warrant)
Dear cherry, Hevea Warrant is just traded at 6% premium now and papaya, sorry, I dun hold pohuat now and intend to buy in their warrant only when they announce their annual report in December.
I am expecting some cheap bargain after their final quarter result which they need to park in provisional loss due to fire in Vietnam. Overall i still consider Pohuat a good company to keep, but due to recent active transaction, i smell some kind of speculative activity going on.
rocky77, no need to wait lah. We already know the fire loss is $2.4 mil or RM10mil. The recent results announcement show that most of the furniture counters doubling their profit from previous quarter. Poh Huat made a profit of RM10.94 mil in the 4th quarter of last year. We expect they make RM22 mil before the provision of the fire loss. So, the final quarter profit could be RM12 mil after the fire loss provision. Profit for the year will be RM35mil or EPS of 33sen (before share split) or 16.5 sen after share split. Based on industry PE of 12x now, share could be trading RM1.98 by this year end. (after the final result announcement)
Hi mcchuah. Sorry I don't reveal my TP because TP is very depending on personal perspective and forecasting, etc. All have different TP, you can set your own TP based on your trading plan. I will only tell if its right time to buy/sell/hold. As per today's closing, its recommended to buy, chart will not tell lie but its not always right, however, referring to chart has much higher possibility of winning rather than wild guess.
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....
chinhoe
286 posts
Posted by chinhoe > 2015-10-16 07:33 | Report Abuse
Sorry wrong calculation...! Shld be 1.52 (1.65X4) + 1 divided by 5 = 1.52