Hi highfive bread I hope I can be like you no panic at all, this is what a long term investment investor should do, jz hard to control emotion when See its plunging everyday ! Wondering why a good fundamental company will drop like this. May I know why until March 2019 ya?
Over the years I only invest in fundamentally sound companies and just wait. Ignoring the short term volatility. PIE is aiming to achieve 1billion in revenue and looking at their sales revenue over the past few years,it has steadily increased. Before the share split,when it was 2.70,donkey years ago,I started buying even when it was slowly moving down. Kept on buying at 2.60,2.50,2.40 and 2.30 until my remiser told me to stop chasing the share. Finally sold it at 4.36 b'cos I have to move to another country. But PIE share price steadily continue to move up. Bought MMSV back in 2015 when it was around 77 cents but MMSV drop back to around 55 cents after I have bought it. Did not panic and manage to sell MMSV at 1.80. It will take at least 2 years for the the good results to filter through to the share price. You cannot beat the speculators in the short run. PIE has invested in new plant n machinery,no debts,and sales n profits has increased if not for the small bleap last qtr. I look at a bigger picture over a longer time period. I am getting dividend from PIE every year so I just sit tight n wait. I am not smart enough to be a day or short term trader. It is just a waiting game when you have chosen a fundamentally good company. I am not advising anyone to buy PIE,do your own research. It is your money therefore the decision is yours to choose, to buy or not to buy or vice versa.
Highfive bread thank u so much for ur details explanation, I have read it and I know what u said is right. Just sometime human emotion tend to go haywire and affected by the price movements .im jz wondering why a strong n good company would drop so so much each day and it doesn’t even come up abit and this drop is quite scary.. But as u said, I know it is a very good company and I shall wait for it to rise , hopefully not too long. I’m willing to keep few years for it to go bck to at least Rm3 ( hopefully this ambition is not too far away )
It's like Manchester City losing 2-0 to Yeovil Town FC in the first half. It's not end of the game,wait for the second half. Or it's a 4 mile race and the favorite horse is the last one to come out of the box. It's just the beginning of the race. Long way to go. Trading short term is like asking me to fight the world heavy boxer,no way I can win. Wait for him to get old n sick then I can kick his butt. Fundamental triump in the long run.
Highfivebread thanks for ur another clear explanation in details.. so are u still holding PIE now? As I read ur previous comments, u said u sold the stock adi? Beside pie , what other counter ure holding? Mind to share as reference ? :) thanks mr bread hehe
Still holding 29k PIE. Was holding 40k but sold 11k at 2.30 to buy into Supermax at 2.00 ringgit. Bought 15k Supermax. Others are: Ambank bought at 4.32 but sold at 4.80 already last month. And Maybank bought at 9 but still keeping until 10.50 before considering selling.
At a price of 1.50 and the expected min dividend of 5 sen, the yield is 3.33 percent.
I bought a chunk at average of 1.43 and will hold it for long term investment.
This is a very well managed company and it has grown so well over the years. It invested quite a bit in PPE over the last 2-3 years, the fruits are expected to be bearing now and the coming years...
The share price, however, moves in the opposite direction. This represents an excellent opportunity for long term investors.
This is a very good article. PIE just fit in here.
The dividend payments had been on the rise in the past 10+years with the exception of the year 2016 which was 5 sen per share... I expect a better dividend in the current FY...
The 3QFY17 impairment loss of rm11.3 million could be written back to the 4Q.
3QFY17 actually was not doing badly if excluding the impairment loss provision of the rm11.3. million for overdue payment from one of the customers due to the glitches of their computer system.
4Q traditionally is a strong Q.
Under normal circumstances, full year financial results should even be better than the TTM EPS of 12.45 sen...
What made those sellers threw the shares to such low level?
Is something that we don't know?
Whatever it is, I think over the long term, it is a bargain at current level of 1.40-1.50
The current price is the result of the voting machine, the weighing machine will work out the fair value over the long term..
This is one of Dr Neoh Soon Kian's long term investment counter, invested since 2007, via Neoh Choo Ee Sdn Bhd, and the holdings was increased in the following few years, collected all the bonuses and did not sell any as seen from the last annual report 2016, now holding slightly over 2 millions shares, among the top 30 largest shareholders.
The earnings is expected to be very good because : 1). Write back of the impairment loss, RM11. 2 millions incurred in the previous quarter. 2).4th Quarter results traditionally is the best and strongest quarter in terms of both top and bottom lines.
Best opportunity for big funds to buy PIE NOW as they are either some sizable block for sales at the fire sales prices, (due possibly to margin calls? ) or some "smart" IBs, I guess, are shorting the market...
Strong proven company with good fundamentals, with strong long term investors in the stock.. Don't play play...
I cut lost half after QR release on Nov when it rebound to 2.18.Those losing money already earn from market in Jan I still keep half of PIE right now,never expect that with little bit shares still could make me lost more than 4k My evil heart told me that this is pokai PIE,share price drop like company lossing money,curse those seller But at the same time,now the price quite bottom already,RISK was reduced,Q4 normally tradition strongest plus got receivable payment from Q3.Now buy in, either DO or DIE only My suggestion is to wait after QR release or buy bit bit for those less confidence investors..
PIE has never lost money in any Quarter since listing and it is very fair to the shareholders in declaring good and increasing dividends with increasing profits, year after year
Buy opptunity ma... Let those who have no confidence sell lo... Stock market is never efficient We can just capitalise on it if we think the price and the value is way mismatched and undervalued...
Today bought again average 1.439..
Tomorrow will continue to buy if it goes red... Hehe...
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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....
stanic88
30 posts
Posted by stanic88 > 2018-02-05 16:24 | Report Abuse
I still holding, and maybe will add soon