Annual General Meeting will be held on 19 March 2014 at 11:00 a.m. next month just will have the outcome, why so panic sell to let the big shark keep on collect?
dont panic...ppl sell out i collect now...stock investment is not base on 1-2 days trading only...sometimes it up..sometimes it down...i dont thk barakah is lousy company..
This is annual financial report 2013 mean only the last quarter result is from Barakah rite? accumulate whole year result that why profit look lower. am i right? is that mean barakah still is a good counter to keep rite?
kaq4468, i mean there might be selling pressure tomorrow. the quarterly result surprised on the down side.
base on RM1.50 share price, even if premium PER of 20 times, the EPS should be RM7.5 sen, or 1.9 sen per quarter. But the latest quarter EPS of 0.6 sen is only 30% of 1.9 sen.
So there might be knee jerk reaction to sell tomorrow
by the quarter reports, it doesnt looks good tomorrow. alot of ppl including me is hoping that the quarter report will reflect its earning positively. this is shocking and tomorrow panic selling will set in.
ya..agree. only if you have the patience and heart made of steel. Well at least late comers can bottom fish tomorrow. possible to slide down to RM1.40 - RM1.30?
"1QFY14 results are expected to be released in a fortnight. Profits are likely to be sequentially weaker on seasonal trends, owing to lower: (i) pre-commissioning works and (ii) utilisation of KL 101. 2QFY14 will likely mirror 1Q’s performance before stronger results in the Apr-Sep (3Q, 4Q) period.
Barakah will recognise 15 months of earnings (i.e. up to Dec 2014) as it changes its FYE to Dec. As such, we have moderately raised FY14 earnings forecasts by 11% to incorporate the additional 3- month impact. Nonetheless, there is upside to earnings should it successfully refinance its MYR188m debt by Mar 2014 with potentially lower interest rates of 5% versus 8.1% now. This could save Barakah MYR6m p.a. in interest costs. "
watch out for the debt refinance by Mar 2014. But i think the refinance will be pushed thru.
yes.... tomorrow is the time to buy... i have been circling barakah like a vulture when it was actively trading at 180, but decided to hold back, as valuation is stretched. if tomorroow falls to 140, will enter
No one can predict, just panic seller may sell off. Always remember that petronas project hasnt started yet and believe in this company base. If you bought at 1.7, 8 ++ , just relax as depositing your money in bank. If want collect, tomorrow maybe a good day. HAHA !
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....
rocketjet
473 posts
Posted by rocketjet > 2014-02-25 15:18 | Report Abuse
I queue to buy at 1.58 this morning. Lucky managed to cancel the queue. If not would have cry all the way from the bank.