of course it's good fundamental counter, but those joker sellers will only see short term profit weakness and panic. Why not cash in on their fear and make good profit and get good dividend( at least 1 sen to be announce next month 29/04/2013 12:43
Although the company is expected to report weaker earnings for 4QFY13, our confidence in SKP’s future earnings growth has never been better after learning that Dyson has successfully penetrated into the Chinese market with nine outlets in Beijing and Shanghai selling Dyson vacuum cleaners and hand dryers. According to China Household Electrical Appliances Association, the demand for high-end household electrical appliances has boomed in China over the last two years. Sales of vacuum cleaners with prices higher than 1,999 yuan saw a 55% YoY increase in China last year, quoting GFK China Report. As such, we see enormous earnings opportunity for Dyson in China, which augurs well for the future of SKP. Note that the number of outlets selling Dyson products in China is expected to rise to 200 across the country by end-13.
Company warrants has a value however small it is before expiry. SKPRes warrant,Wa with more than 4 years to expire cannot be "worthless". It's value may be small because of the price of its underlying share now. I think this warrant is at very high prices at 5.5 sen; one reason is SKPRes pays very high dividend for the past which will diminish the value of the warrant, because warrant holders cannot enjoy dividend.
However how much does Wa eventually worth depends on the performance of SKPRes within this few years before the expiry of Wa. If you buy Wa now at 5.5 sen, the probability of losing money is higher in my opinion. But if ever SKPRes price goes up above 50 sen, the payoff for Wa will be very great.
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....
sephiroth
14,145 posts
Posted by sephiroth > 2013-04-26 20:22 | Report Abuse
This means old man gan just wanna sell (or buy - most probably not) some or a lot of shares, might be another big block of shares to LTH