For price to grow, the stock must have at least consistent double digit future grow or simply create future dreams, i dont see either one in unimech. Agreed with 4u2c, going to be a long long wait. And i wonder why the hell company hold on to its 10% treasury share , potential privatise?
Public float is low so fund managers are not interested in cornered stock. Share split, bonus issues n distribution of treasury shares will result: 1) cheaper share price. 2) diluted or bigger public float will make the fund managers to take a look at this stock. PE of 8 with index at 1870, this stock is really undervalue, unless the major shareholders would like to privatize it. . .
no patience then cannot play this counter coz this is a super boring counter when it is not time to move yet... only when its time it will give u good rewards...
I believe this stock will prevail over the time. Regular dividends (around 6 cents or 3.8% at current price), huge cash reserves and tight shareholdings. The shares price is currently below their NTA of 1.77.
earnings decrease but they can maintain dividends due to huge retained earnings. Thanks to those who sell their shares. Can collect at lower price! haha
Today finally it resumed share buy back n made immediate announcement to bursa. I expect it is going to continue share buy back until it reaches 10% or 13,562,000 shares. Very lightly it will announce share distribution to shareholders as special dividend. Good news!
For those who regret buying Unimech, you should be regret for not holding long enough or buy the shares earlier. Unimech has a fantastic earning trends, growing year on year. Although it might not be hot as pure O&G and property stocks, but Unimech is growing through its O&G subsidiary in Indonesia. The current share price might not reflect its potential growth, but I believe in 4-5 years later, Unimech will be among favourite growth stocks. It is not shy to inorganic growth, as shown in acquisition of O&G subsidiary in Indonesia, and I believe it is a matter of time before Unimech gobble up smaller company such as Turbo-Mech & etc.
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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....
120453
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Posted by 120453 > 2014-03-07 19:20 | Report Abuse
Unimech ventured into O & G! Bursa announcement. Monday fly?