Anyone knows why Success suddenly up 12 sen whereas the general market sentiment is so poor? Any corporate development? Any change of ownership? Any Fund manager buying especially Yeoman from Singapore?
Universal Trustee for CIMB Islamic Small-cap Fund is now owned 5.9 % of "Success" Issued and paid up capital. This seems strange for CIMB to invest in this sleeping, China man company, They must know better than ordinary investors. Anyone would like to share your feelings and any insiders' information as to who is the seller for such a big quantity of shares in order for CIMB to accumulate?
SUCCESS has quite a lot of export business that is denominated in USD so when USD strengthens against MYR, SUCCESS is the beneficiary of the currency exchange... and the SEB's loss on Samur project is nearing an end, so when SEB gets back into profitability... SUCCESS's profit will be a shock to everyone...
honestly speaking, my average price is around RM1 and I am still holding this share... I think it can easily hit RM3.00 when SEB's business improves (that is for SURE ^^)
Success consistent yearly making more than 20 cents per share earning and yet paying 3-4 cent dividend per share. If only the Board of 'Success' is more kind and generous towards minority shareholders, then the price of success will be higher.
The current price movement reflects the RM position against USD compared to the worst time, 4.3-4.4. Low volume and minimum movement of the price is not a bad sign now.... ;)
yes.. a very undervalued gem.. if annualized EPS at around 28 sen.. lets say PE 10, it should be at least RM2.80... super undervalued... and its subsidiary SEB has turnaround from loss making in previous quarters.. as they disposed of some loss-making business in process equipment industries and focus more on the LED and transformer... good direction....
big crocodiles pressing the price la.. very obvious.. u see the volume is so low... sure this is due to manipulation.. which is a good sign.. that the big players realize the potential of share price hike in this counter... cheers...
company has started share-buy-back activities in June. These are signs of: 1) Company management thinks the current share price is cheap and undervalued, so they buy back at low cost 2) Company management is confident and optimistic of coming quarters results so they buy back before the share price goes up (sure the company management knows more insiders news/business performance than us right? ^^)
hi sklyte. even if we are being conservative at PE 10 and annualized EPS of 28sen, it should be trading at least RM2.80... of course if you are looking to make 100% gain in short term, this is not the right counter for you.. but fundamentally, it is very strong and I expect it to trade >RM3.00 after they release good results for upcoming quarters in 2016...
the company is actively doing shares buy back at current price... I guess the upcoming quarterly results will be fantastic... let's just wait and see...
the recent company share buy back & directors' buying may be due to what was mentioned in their latest quarterly report:
In addition, with the Company marketing strategy in broadening the customer base and products especially in steel structure and piping works and with encouraging order book obtained thus far, the group aim to streamline the operations and to generate positive results for process equipment segment.
In the latest quarterly report, the net profit was adversely impacted by loss made in the process equipment segment (despite profits made in the lighting and transformer segment). And if what the management mentioned here is real, subsequently quarters will see turnaround (from negative to positive) in the process equipment segment. This said, the overall group performance will be much improved...
Anyway, I still want to view it with a pinch of salt as I am not too familiar with the management's credit-ability yet... they can simply say anything in the prospect column, but we need to verify this when the coming results are released... let's see...
Bren21, if what the management mentioned in their latest report is true, I believe next quarter will see a much better results... perhaps this is also why the company is doing a lot of share buy back (after the price has fallen quite much from RM2++)
Prudential PLC is now a substantial shareholder of Success! The reason as to why this UK registered company bought into it is still unknown. Prudential PLC must know more than we do. Please keep your share if you had not disposed it. Something big is soon to come!
actually if you checked back SUCCESS past years performance, the company is doing very good profit every year so the fundamentals are strong... they are giving out decent dividends as well... and i think the headwinds for the SEB section should be short-termed... they are working very hard to turnaround SEB business... other than that, SUCCESS transformer and lighting business remain strong and intact.... LED market is very very big and is growing...
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....
ZhugeNemo
208 posts
Posted by ZhugeNemo > 2016-01-06 17:11 | Report Abuse
Looks like it is consolidating at range between 2.30 to 2.35