They will control the price as between 0.5 to 0.6. When the esos day. The price will definitely go up to 0.7. Prestar will not allow outsider to hold too many share. I have insider info. Wahaha. This price will not go up further except for offer esos. All the director will buy and sell their share to make sure the price will never go to high haha.
Financial results should be out within these few days lets see how Prestar performs as compared to others... Quite a number of steel companies made losses this quarter..
1) Prestar is Different From Other Steel Companies which are hit by China Steel Dumping.
2) It Has Captured the Guard Rails & Wheel Barrow Market in Malaysia.
3) 7 Highways Will Demand A Lot of Guard Rails by Prestar. Its Quality Wheel Barrow outlast those inferior ones made in China. And with the rise of renminbi by 8% against ringgit there is less reason to buy inferior wheel barrows from China.
4) At 42,5 cents it is Selling at 64% Discount to NTA of RM1.15
5) Last quarter result 1.73 cents - annualised 16% growth or P/E only 6.2
6) Fallen below insider recent buying price of 46 to 49 cents.
And Lots of HIGHWAY GUARDRAILS will be needed from PRESTAR.
And VERY GOOD NEWS!
Guard Rails Use Lots of Nickel & Iron Ore. Both have crashed 60% & 50% respectively.
Plus Guard Rails Are Heavy for transport. So The Fall of Ron95 petrol & diesel price will boost Prestar Profits Further. Also the Surge of Renminbi against Ringgit will dampen China steel dumping.
PRESTAR IS AN ALL ROUND WINNER!
Insiders SEE this first. So they are greedily LOADING UP!
@calvintaneng, thank you my friend. but we are now in the bear market.. the company is not a net cash company and had a lot of debts. i assume there will be good news that will push the stock price up despite the downsides of the company and its chart
1) Last time Calvin and Johor Sifu bought Prestar at 70 cents as Calvin saw Insiders buying and buyinh with Company share buy back. Then suddenly Prestar declared a 22 cents dividend and Prestar went limit up! Price shot up to a high of Rm1.05
Calvin and Johor Sifu sold all Prestar above Rm1.00 However, some Prestar Directors were still buying Prestar above 90 cents after the announcement of 22 cents dividend. After that Prestar drifted below 50 cents and Directors are still holding paper losses.
2) Lately Directors are again buying and buying. Is there a coming capital exercise or dividend?
3) With the crash of ringgit imports of cheap guardrails and wheelbarrows from China have ceased. Prestar is the winner. My friend, Mr Megah Lim is only selling one brand of wheel barrow - all by Prestar.
Another favorable business is the 7 highways plus Pan Borneo Highway which need lots of guardrails.
4) With such positive prospects no wonder Directors are loading up on Prestar shares. Few months back Kimhin directors were accumulating Kimhin at Rm1.30 before price shot up. Will Prestar follow Kimhim? Just watch.
Another Great Stock brought to you
By Calvin Tan Research
Note: Calvin just bought 10,000 shares at 53 cents recently.
The collapse of metal ores like iron, nickel and others have shaved cost for Prestar - thus accelerating profits for all coming quarters. This unique position of Prestar is totally overlooked by the maddening crowd chasing overcrowded furniture and other export stocks. While export stocks benefited from strong US Dollar Prestar also benefited greatly due to very cheap hard commodities.
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Spiderbing
2 posts
Posted by Spiderbing > 2014-11-04 00:38 | Report Abuse
Prestar Share is not worth to buy, because of the negative management