Assuming the share price is Rm 3.00, the price will be about Rm 1.20 after the bonus issue and share split. There will be more shares in the market and the price is much cheaper. I believe the price will not continue to drop. The worst is over.
"Faint heart will not win you a fair lady. It means timidity will prevent you from achieving your objectivity. In the stock market you cannot succeed if you are faint hearted and afraid of your own shadow. Gadang has been making increasing profit in the last 5 years as shown in the latest annual report. During these 5 years, its quarterly profit might be bumpy because construction progress payments often vary. It is the inherent nature of the construction business. As you can see most of their contracts are completing, but I understand it expects large sum of money from its claim for reimbursement of additional cost which did not come in time before its 1st quarter profit announcement. That is why its 1st quarter profit was lower. "
you are right . KOK ONN had said in the agm that Gadang growth is sustainable , 2017 will not worst than 2016, he will not make a fool of himself, he is tan sri, not KYY, he can't afford it. KYY is old and can not think well .
Victor Tan, well said, we don't want people , including the well respected sifu KC,creating fear with their biased and half true statement or article about Gadang . only those who are lazy to do homework will believe everything they said without doubt
Its good to know that there are ppl still have faith in Gadang. Make decision independently n rationally unlike those panic sellers. Dont forget the high volumes show that certain group is collecting cheaply.
See, same thing he can said good and bad. Example contracts completed..
"As you can see most of their contracts are completing, but I understand it expects large sum of money from its claim for reimbursement of additional cost which did not come in time before its 1st quarter profit announcement"
"Although Gadang has been making increasing profit in the last 5 years as shown in its latest annual report, I do not think it will be able to make more profit in the current financial year than last financial year. My reasons are:
Its annual EPS was 40 sen and its 4th quarter EPS was 15sen but its 1st quarter was only 5sen for the current financial year. With a large portion of its order book has been completed."
" its quarterly profit might be bumpy because construction progress payments often vary. It is the inherent nature of the construction business."
"Since the company has given us the reassurance that the company will make more money in this financial year than last year, I will buy it because it complies with my share selection golden rule."
Tksw sure boh if real it my time to sailang again hahah but I still scare Gadang cannot get project and cash flow is the main concern it's profit but cash flow look little bit weird and 'confusing'
77 huat sifu, U see how same thing can be used according to one wishes, and you see the share price movement... Gadang bounce back after he said so, and tumble after his correction. now add salt to the wound... later if Gadang get some jobs, new stories begin,,,
By the way... expecting 2nd wave sudden press down. So be careful if u want to enter now only buy with your money not contra. This is the tricks always use by them, pull up abit than suddenly free fall, it will trigger ikan bilis fear and create another panic sell so price can go futher down. Invest with your own risk! Cheers!
When the warrant is listed, more downside is expected because before that people were too crazy about Gadang. If you take a look at other companies' corporate exercise, most have the same fate as well.
If you want to make Gadang back to 1.50, at least you need to have a very very positive catalyst to boost its 50% upside. Always remember, fall and recover they are independent to each other. Once fall, it is not necessary that it will rebound. A new catalyst is needed to boost it.
I disagree with Kok's management regarding the timing of carrying out corporate exercise. Last time it was private placement. This time round it is bonus issue and free warrant. Management is able to foresee the projection of cashflow and earnings. But, they choose to be blind and deaf.
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....
tksw
12,782 posts
Posted by tksw > 2016-11-29 09:57 | Report Abuse
Assuming the share price is Rm 3.00, the price will be about Rm 1.20 after the bonus issue and share split. There will be more shares in the market and the price is much cheaper. I believe the price will not continue to drop. The worst is over.