Posted by thesteward > 2024-03-22 21:53 | Report Abuse

Wah hopefully won’t gap above 65 on Monday so can buy

Posted by paktua73 > 2024-03-25 09:19 |

Post removed.Why?

Posted by trader808 > 2024-05-15 12:01 | Report Abuse

Astino has 111m cash, 144m inventories and 93m in accounts receivable. Hence, its total liquid assets and cash is Rm349m
2The company has short term and long term debts of 14m
3 When you take 349m minus 14m, you would notice that the total net liquid asset is Rm335m
4. The company has 493m issued and paid up share capital.
Hence, the liquid cash per share is 335m / 493m is 67sen

5. Considering that the share price is currently trading at only 63sen, it is an insanely and unbelievably a cheap bargain.

6 If you buy Astino at 63 sen, it is not only below its liquid cash per share of 67 sen you also get 181m of properties, plant and equipment plus 47m of investment properties or a total of 228m assets for free.

7 WOW, Is there a big fat toad jumping all over the streets?.

8 You decide.
Happy trading
14/5/24

Posted by jerret > 2024-05-15 15:17 | Report Abuse

good analysis and in fact, buy good stock with low price is no harm at all

Posted by multi-bagger > 2024-05-15 20:00 | Report Abuse

co is buying back its own shares

Posted by trader808 > 2024-05-24 15:38 | Report Abuse

1. Astino has been buying back its own shares regularly and persistently.
When and why does a company undertake share buyback and what are the implications?

2. When the company believes that the current trading share price is far below the intrinsic value of the company, it will commence to buy back its own shares from the open market.

3 In order to undertake shares buyback, the company must have sufficient cash and cash balance. And Astino has Rm111m cash.

4. The effect of share buyback will reduce the number of shares in circulation in the market. Hence, when the number of shares in market circulation is reduced, the earning per share EPS will increase and theoretically, share price shall rise.

5. What does a company do with the buyback shares?.

6 The shares buyback shall be kept as treasury shares. The treasury shares can be canceled and thus, permanently reduced the issued and paid up capital of the company.

7. The company may chose to resale the treasury shares at a higher price to realize a substantial profit.
8. The company may also chose to reward its shareholders as in Astino to distribute dividend in species to its shareholders.

9 As for Astino, the cumulative net outstanding treasury shares as at 23/5/24 is 8,170,105 shares or 1.65%. If the buyback persist on and Astino subsequently manages to buyback 2% of its capital, than it is capable of rewarding its shareholders with a share dividend in the ratio of 1share for 50shares held. For this you must wait. Since, listing until now, Astino has rewarded its shareholders with share dividend 5 times.

10. Although there is no announcement yet, i believe it will happen slowly but surely.

10 Share buyback is good and should be undertaken as and when necessary.
11. Happy trading
24/5/24

Posted by jojo85 > 2 months ago | Report Abuse

TP 75c

Posted by PryorBuyer > 1 month ago | Report Abuse

very very slow

Posted by joseph216 > 3 weeks ago | Report Abuse

Steel prices are much higher now compared to 2020. Inflation is affecting the entire world. When the Federal Reserve starts reducing its stimulus efforts, we'll see the real impact of inflation. You can't print unlimited money and expect prices to stay stable, especially with current logistics and supply chain problems.
Source: https://bloxstrap.dev/

Posted by PryorBuyer > 3 weeks ago | Report Abuse

Adoi la