Prinsiptek stock price recently surge from lowest 0.095 to highest 0.205, more than 100% growth, we believe somethings must be ongoing on this stock, but we not sure what is the real reason behind it?
Some said, Prinsiptek own 100 acres land in Klang Valley (we not sure where the source from), and from 2015 Annual Report, we can see, only 406,197 square feet, which is about 9.3 acre in Gombak, Selangor, and some land own by company, in Thailand, Ayuthaya Province. Ayuthaya Province is about 60km away from Bangkok
Lets check others facts, yes, earnings very important, but don't forget about debt, and lets see, what is the company debt situation?
CL, NCL, SB, LB short form for Current Liabilities, Non Current, Short term Bank Borrowing and Long Term Bank Borrowing, and we can see, improving toal CL and NCL since 2013, but SB and LB, still remain the same, although earning slightly improving. and one of the reason, 2013 total borrowing went down, due to rights issue with warrants. Furthermore, if you study past 3 years Prinsiptek account, it show negative cashflow, which is not a healthy sign, if situation remains for next coming years.
One very interesting fact, Prinsiptek Wa show only 12.5% premium, if ordinary shares price surge, and warrant price maintain, it will create abritrage situation which happen several time in Bursa Malaysia, it do attract retailers convert the warrant, and company will get extra capital raise, and it will help company to provide more cash in hand, but will it happen it future? We shall see what will happen next. From technical price chart wise, if price break out 0.21, we shall see, resistance at 0.23 and 0.25 and 0.27.
We know, recent Bursa Market enter a small bull stage, many penny stock price move and market volume increasing and maintain at 3-4 billion daily, and for Prinsiptek at this moment, fundamental still have room of improvement and we shall trade by following trading plan that protect your capital and at the same time, increasing chance of winning.
May i ask when I look at quarterly result, this has large borrowings against cash. Is this company financially sound and whats the prospect? Hope some sifu can guide me here. Thx
Big boys try to buy 3,200,000 + shares at RM0.19 and at the closing price at RM0.19 per share, but nobody is willing selling at RM0.19 per share. The only way the price will trend higher. This counter is very under value. It is a lelong stock. Support at RM0.19 . NTA is RM0.59 per share..... I am a shareholder in this stock.
Big boys are trying to buy 4,300,000 + shares at RM0.19 and the share mostly traded at RM0.195 per share in the morning session. I am very bullish in this stock. It is a lelong stock. NTA is RM0.59 per share.....
Warren Buffet once said, 'I learned to go into business with only pepole whom I like, I trust and I admire.'
Undoubtedly, Dato Foo is the person whose honor and credence always mantle with his characteristic. Therefore, it's worth to invest our capital in such company.
Closing price at RM0.195 per share, it is window dressing by RM0.005. Big boys are trying to buy 4,335,500 shares at RM0.19, but not done. Tomorrow is AGM , who is going?
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....
masterus
3,597 posts
Posted by masterus > 2017-05-03 11:33 | Report Abuse
Nylex share from 0.51 up to RM1. So, nothing is impossible. It is matter of time to up.