Today closing likely to be a window dressing closed on 30/60/2014 by fund manager. Anyway it is a good sign where very likely foreign fund already buying in.
TSH Resources (TSH) has announced that it is acquiring a full stake in Icon Field Ventures Sdn. Bhd. (ICON) for RM24.5m. We gather that ICON has entered into a sale and purchase agreement with PT Tirta Agung Selaras and PT Teguh Aman Sentosa to purchase 90% of the entire share capital of PT Prima Usaha Sukses (PTPUS) which owns 9,000 ha of plantation landbank in Central Kalimantan. Additionally, we gather that land is located within close proximity to TSH’s existing estate. Justification for the deal is that TSH will further increase its oil palm plantation areas in Indonesia. Separately, TSH has announced the non-fulfilment of certain conditions precedent in relation to its acquisition of Sg Kalabakan Estate Sdn. Bhd (SKE). Accordingly, TSH is expected to receive its previous deposit of RM15.0m in 14 days’ time. Recall that in Dec-2013, TSH has proposed to acquire 60% stake in SKE for RM150m. As TSH would have also assumed the liability of RM30m from Ratus Awansari Sdn. Bhd. (RASB) from the deal at that time, the collective amount that TSH would have effectively paid would be RM180m for the 60% stake. SKE owns 26,794 ha of plantation land in Sabah.
he bought in twice, one at 11/7/2014 and 16/7/2014, total of 250,000 shares. Since beginning of 2013 till March/April 2014 he already bought 7 millions+ share from the open market. He start to buy again recently........
On 10/7/14, I thought I have smartly collected “dead chicken” at 3.54, it turned out instead of TSH, I was the “dead chicken”. Today I have collected again at 3.46. This time around, TSH should be the “dead chicken”, cannot be me again. Do you agree ?
The boss bought 350,000 shares at $3.55+ then he mah lagi mati ayam..... Ha ha ha ! Don't worry lah, despite heavy selling pressure last few day the volume is well absorb ! One the parties collect enough the train will move again, this time will climb higher. Ha ha ha
I keep on collecting the so called “dead chicken” because I believe in its long term growth prospect.
Risk assessment: IF the broad market turns Bear, TSH may lose 26% from 3.50 to 2.66. In order to recoup the capital at 3.50, I just need to wait for 2 years. The assumption is that the simple average annual growth rate on PAT for the last 4 years was ~13%. With the same growth rate, TSH will grow another 26% from 2.66 to 3.50 in 2 years (assume similar PEx). So the risk of investing in TSH at 3.50 for 2 years is not unbearable. Furthermore, each year I will be given 1.3% consolation dividend yield. I would just deem it as keeping RM3500 in saving account as many uncles and untie do. What is your thought?
I have been searching for solid good growth plantation company for long term investment. TSH fit in to my criteria, double digit growth in term of production for the next 5 yrs, good cost management ,prudent management and have healthy land bank for future growth. So I don't mind to park my $$ there for couple of years.
Every counter also will have some risk, even if the price drop to $2.6 as you predicted, I will buy more. If you look at the chart the share price increase average $1 per year for the last few years. I m 100% agree with you, even bear market the share price would have recovered to the level of $3.5 within 1-2 yrs.
If you look back 5 yrs ago, how much is Genting Pantation share price compare to today ? TSH has the potential to become another medium size player in plantation counter in 5-8 yrs time. I would be happy to growth with them.
..............duitKWSPKita will support TSH on 12/August/2014 (2:30pm) .....................
Dear Fighters,
You may start to buy TSH on 12/August/2014 (Tuesday) after 2:30pm............. For those would like to earn some risky money can buy TSH-CG to earn about 13% within 4 days.
Anyway, above mentioned are just my kindergarten Prediction! Invest at your own capacity.
TSH 2Q output increased 33% (YoY), good qtr results is expected, however the expected good results might be compromised by the unrealise forex losses (IDR weaken 4-5% against USD from Q1-14 to Q2-14, however after the president election,as at today IDR is recovered 3%+ against USD).
short term the price might be stagnant due to the depress price on CPO but if you going for long term investment this counter still have a good potential.
I m sure within 3 yr there will come up cycle of CPO couple with ffb expansion rate, $7 is not difficult. Only 30% a yr..you may scold me not so ambitious. Kikikiki.....
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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....
逍遥子
805 posts
Posted by 逍遥子 > 2014-06-25 19:50 | Report Abuse
Slow and steady !! Good