one more bad quarter and sharks will drive it down to RM7.00. The perils of having a stock with low number of shares it price fluctuation is inevitable. Price can skyrocket or crash.
Wait for the quarter report before buying or selling.
I bought the MPI at 7.8 sometime in April 2018. Now the MPI at 9.3. I still remember during that time everybody said MPI is hopeless and no future. Same thing happen for KESM at this moment. I still losing money for KESM share at this moment. KESM has a good management and huge cash. I believe the share price will goes up. This is solely my personal opinion. Not recommend to buy or sell this share. Pls make your decision.
Was hit 7.07 x 2 lots at openig bell...the lowest,,,and low enough, 3rd Qtr results out soon will be crucial....who can tell when the turn around will be?
I traded KESM in the following manner: Bought 10.50(Oct), Sold 12.10(Nov) ; Rebought 7.83(Nov), Resold 8.38(Dec) ; Rebought 7.97(Dec), Resold 8.90(Jan). Collected one dividend along the way.
Still a profitable company..latest qtr also msking profit... Cash and short-term deposits improved by 5% or RM8.2 million, from RM177.6 million to RM185.8 million..! Excellent balance sheet..
Latest qtr still profit making is not bad already...around $2mil profit...compare to some other company which already make losses amid trade war.. Many expect it to report loss...so there cld be rebound next few months once order normalised amid trade war impact.... Company still look strong .. with ample cash backing of $180 million or $4.50 dollar share... Now its asset per share is $8 plus.. So u get the asset and business for free at current price of $7. Its trading below book value..
many bad prospect company also trade below book value la
especially property sector
and why these companies trade below its book value and not people buying ?
this is due to its bad prospect
book value will be good only when if the company want to close shop and sell the company, but then also need to depend what is the offer price to sell (not necessary will follow the book value).
so share price lower than book value, do not have any investment value or purpose for investor actually
4.00 cummingggg lol That hstha thought it was a huge bargain around 10 +... accused ppl who warned others of trying to accumulate @ low price...now he is MIA lol
Current market cap 301m, after deduct cash 185m then will remain 115m, assume if KESM can deliver 20m annual profit by FY2020,so target price can go min RM8.5 with PE 10.
Yeah right...I'm so 'retarded' I was able to weave in & out of KESM 3X for profit & hold not a single sen in the stock just when the worst news comes out...
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Posted by CheapBigGood > 2019-04-26 11:15 | Report Abuse
TP 7.20 now, getting lower and lower. More lower is coming