Iya, got profit no dividen. How the share price wan to move upward. Let the directors carrying on the buying the shares n carry the burden until they realise dividen is imp.
Fitters founds it rock bottom, take a deep breath for awhile, then ready to depart. The price steadily sustain in a bad weather. Here's your Captain reporting.
Skeptics will only join when you reached 0.75knot. They will embark when you disembark. Indeed this counter have been sleeping for a while. My average cost is 0.425 but then I am in for a long run. Definitely not for day traders or the faint hearted. I am with you Kuroda.
Let it cherish our patience. The sign of resurrection is already there where people starting to give up, insulted, or even getting lost of hope. Do have faith on this counter, it won't let you suffering after all.
Thanks Yoko and those stand firm with yourself. ^^
Mr Fu must be gorenging for the GE14. Don't sell yet. As for me, I need some money for CNY. Oldman no income only waiting for Bursa to give some. Still keeping lots of it
Congrats those have faith in Fitters. Especially Yoko and happy CNY to you in advance ^^
I have no further comment. Just want to sit back inhales fresh air on my old vessel, the captain just rushingly unleashed her sails. I almost drop from my seat. See you there everyone's.
imagine what will happen to the share price if putrajaya announce all state old steel base main water pipe must be replace by pvco pipe . the pipe is more durable , easier to replace more hygienic, no matter what the outcome of GE 14 pvco pipe will replace all steel base water pipe . Who has the capability, the know how and the sole right to produce it in south east asia ? FITTER
Malaysia total water pipe more than 100000 km Thailand 200000 km .Vietnam ? Philippine ? what if china bought the rights from fitter or JV with fitter for the replacement of pipe in china what is the total length of water pipe in china ? 5 mil km 10 mil km ................... fitter could become a blue chip counter
Sold some shares earlier at RM0-45 and now am buying back Fitters shares. Thanks for sharing. monitoring the behavior of the shares, I noticed something brewing.
Downside risks limited and pending a bullish ascending triangle breakout. Following a bullish breakout above 200d SMA (now at RM0.40) in early Jan, the bulls are likely to back in charge, in anticipation of a potential ascending triangle pattern breakout. Downside risks are cushioned by active share buyback exercises (treasury shares of 29.63m as at 19 Jan or equivalent to 6.2% of issued shares), expectations of better FY18 results (after recording the best quarterly results since 3Q15) and undemanding 0.55x P/B (lower than its 10-year historical mean 0.83x).
A decisive break above RM0.44 (overhead neckline resistance) would spur prices higher towards RM0.465 (5 Jan high) and our ascending triangle breakout objective at RM0.525 next. On the flip side, key supports are RM0.41 (50d SMA) and RM0.40. Failure to hold near RM0.40 may weaken share prices lower towards RM0.355 (28 Aug low) zones. Cut loss at RM0.39.
Source: Hong Leong Investment Bank Research - 29 Jan 2018
Respect to shareholders. What is the company going to do with the sale proceeds from sale in China, thats about RM25million if I am not mistaken. PVC pipes I agree but timing bad and no one in Malaysia seems to recognise this. How nice if it did go up?
t shares 30mil(ave pr.0.50) value rgt15 mil. if price hit 0.75 potential gain rgt7.5mil.can fitters make rgt 7.5 mil if it invest rgt15 mil say in 3 years? possible. but t shares purchases more then maintain mkt prices of fitters.is treasury purchase these last 10/12 years justifiable? please comment.
Possible for further upside. FITTERS’ bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.450 be genuinely broken, it may continue to lift price higher to the subsequent resistance levels of RM0.475 and RM0.500.
However, failure to hold on to support level of RM0.420 may indicate weakness in the share price and hence, a cut-loss signal.
17 mil pipe replacement job is only a pilot project its not about how much profit will be generated from this project it is to justified the usage of pvco pipe . once justified and proven it will be full scale
Ok, so far everyone has stayed silent so no surprise there but they actually managed to finally get something sustainable in their books, sale of renewable energy. Good job, just going to do some calculating, maybe someone can do a better job and estimate the amount of cash flow that will be coming in
And its down, such a depressing share and no one seems to support it from the BOD side. Must ask how much it can contribute positively, RM8000 a month!! Nice if management can eloborate
Brilliant company, has an MOU with Felda, a company who has funds and who cab actually use their products and the contract as preferred supplier is worth RM57m and yet the share price does not move, what more can you do eh! TO by directors!!
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Posted by pidan2014 > 2017-10-26 15:36 | Report Abuse
Ripe to rebound, if can clear 0.40/0.41 with volume more than 5 mil, ....t/p o.48/0.50