Posted by Spiderbing > 2014-11-04 00:38 | Report Abuse

Prestar Share is not worth to buy, because of the negative management

Posted by teejw10 > 2014-11-04 16:50 | Report Abuse

mind sharing on why you said so ?

Posted by Spiderbing > 2014-11-12 12:50 | Report Abuse

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.

Posted by teejw10 > 2014-11-25 12:15 | Report Abuse

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..

Posted by member41 > 2014-11-26 18:52 | Report Abuse

Good result... bucked the trend. But not sure if up tomorrow.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1806805

Posted by teejw10 > 2014-11-26 18:58 | Report Abuse

Well performed.. Prestar standing strong

Posted by dextronium > 2014-11-26 19:25 | Report Abuse

hope to see some moves in the price tomorrow....

Posted by juniorsia > 2014-12-04 09:49 | Report Abuse

Lousy share...keep dropping although result good

Posted by Noriko > 2014-12-19 00:08 | Report Abuse

Tomorrow up up ~~~

Posted by calvintaneng > 2014-12-26 17:02 | Report Abuse

PRESTAR RESOURCES - KING OF GUARDRAILS

Its Salient Factors

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.

7) Pays a dividend among Steel Companies.

8) Prestar is a definite winner.

Posted by des2003 > 2014-12-30 18:13 | Report Abuse

Calvintaneng... Thanks for sharing!

Posted by teejw10 > 2014-12-31 17:58 | Report Abuse

I believe this company is worth investing in the drop in the share price may be cause of the market..

Posted by johnnytensai > 2015-01-04 11:05 | Report Abuse

y the board of directors keep on buying their own share from october till now... something going on???

Posted by calvintaneng > 2015-01-04 11:18 | Report Abuse

YES!

SECRET IS OUT!

Malaysia Will Launch 7 Highways soon.

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!

PRESTAR PRESSING ON TO HIGHER GROUND!

Posted by johnnytensai > 2015-01-04 22:34 | Report Abuse

@calvintaneng, can you quote the source?
thank you.

Posted by calvintaneng > 2015-01-04 22:53 | Report Abuse

Johnnytensai

Scroll backward this Prestar Tread back to 2nd April 2014 for Bonescythe Frist Write up

Then on 27th June 2014 on Bonescythe 2nd Write Up on Stock Watch. 6 Highways were listed by him.

The No. 7th Highway is the Pasir Gudang Highway in Iskandar now under Widening from 4 to 6 Lanes wide. Currently under construction.

Posted by johnnytensai > 2015-01-05 07:00 | Report Abuse

@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

Posted by teejw10 > 2015-01-05 14:04 | Report Abuse

Despite the slightly higher debts by the company, the company has been making good profits in comparison to their competitors...

Posted by teejw10 > 2015-01-07 19:05 | Report Abuse

directors buy again..

Posted by member41 > 2015-01-07 19:13 | Report Abuse

Share is cheap but nobody frying it... results quite gd.

Posted by lepaklangkawi > 2015-01-07 19:28 | Report Abuse

there is 'small matter' of 250 million ringgits short term borrowings....

maybe can do a 1mdb - hire Arul to claim 'efficient' use of cash (We need to manage the use of our cash in the most efficient way for the company)

can anyone explain why borrowing so much? tq

Posted by calvintaneng > 2015-01-07 20:48 | Report Abuse

All steel companies borrow money. Masteel issues private placements.

Most important thing is Co makes good money.

With the fall of iron ore, nickel, electricity & diesel prices Co will increase in profit substantially.

Now focus over done is on export furniture stocks. Prices are now long bargains.

Pohuat Insiders start selling.

For Prestar - Still So Cheap

So Insiders Are Buying Again Today.

Trick is to Buy Like Insiders.

When Media pay attention. Then be careful.

Posted by lepaklangkawi > 2015-01-07 21:02 | Report Abuse

nice to see insiders buy. but if they dun buy, no-one will....

this counter, must see firm support holding at level for 2-3 mths

Posted by teejw10 > 2015-01-12 19:29 | Report Abuse

directors acquired shares again

Posted by bonescythe > 2015-01-15 12:03 | Report Abuse

highway longkang drainage - OKA
highway railing - Prestar

:D

Posted by calvintaneng > 2015-01-15 12:05 | Report Abuse

BONESCYTHE IS BACK!

WELCOME! WELCOME!

Posted by bonescythe > 2015-01-15 12:08 | Report Abuse

:D

Not including those spoiled highway that fell off the cliff.. need repair also :D

Posted by member41 > 2015-01-15 16:16 | Report Abuse

Bones can make it 75 again?

Posted by teejw10 > 2015-01-15 16:40 | Report Abuse

Gaining back some momentum again...

Posted by calvintaneng > 2015-01-20 12:05 | Report Abuse

News is out.

High Speed Railway, Pan Borneo Highway and all highways on,

Prestar is on the right track

Prestar supplies guardrails for highway divided and railings. Each piece about 10 feet long. Old price over Rm100 a piece. Price went up.

But costs have come down

1) Guardrail uses iron and nickel. Iron ore price down 50%
2) Also nickel down 60%
3) Petrol and diesel down save more money

All these mean Greater Revenue and higher profits

Directors seeing bright prospect keep up buying and buying

Posted by calvintaneng > 2015-01-20 18:08 | Report Abuse

Wah!

Another filing of Insiders buying.

Posted by teejw10 > 2015-01-21 02:21 | Report Abuse

Directors foresee that the company will do well in the future i guess...

Posted by calvintaneng > 2015-01-21 12:01 | Report Abuse

Mana Towkay Bonescythe?

Still on Long Holiday?

Driving along Highways observing guardrails?

Posted by teejw10 > 2015-01-21 12:47 | Report Abuse

Prestar's associate company posco mkpc is also one of the vendors for Proton and Perodua as well...

Posted by calvintaneng > 2015-01-21 13:15 | Report Abuse

Korea's Posco?

Prestar and Warren Buffet's Berkshire Hathaway are coinvestors in Posco

Posted by teejw10 > 2015-01-21 14:54 | Report Abuse

Yes posco acquired 70% in one of their subsidiary several years back.. Now prestar owns 30% of it

Posted by calvintaneng > 2015-01-27 18:18 | Report Abuse

Wah!

Market is oblivious to Directors' buying and buying.
Will Prestar declare a 20 cents dividend like years back?

Or going for bonus issue like TN Logis when insiders bought at Rm1.50? Later Tn logis jumped to Rm6.00 on news of bonus issue?

Posted by teejw10 > 2015-02-16 18:05 | Report Abuse

results will be out soon..

Posted by member41 > 2015-02-26 22:04 | Report Abuse

2sen dividend too

Posted by Noriko > 2015-03-02 20:46 | Report Abuse

Gogogo ~

Posted by teejw10 > 2015-04-08 14:06 | Report Abuse

gaining back momentum...

Posted by Des2003 > 2015-04-21 22:33 | Report Abuse

start gaining more momentum...

Posted by calvintaneng > 2015-07-28 10:20 | Report Abuse

Prestar Resources

Its Salient Factors

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.

Posted by calvintaneng > 2015-07-31 08:54 | Report Abuse

One more piece of exceedingly good news.

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.

Posted by calvintaneng > 2015-08-19 10:59 | Report Abuse

WAHAHA!

THIS ONE DIDN'T FALL MUCH!

VERY WELL SUPPORTED BY BUYERS.

STRONG HANDS STILL HOLDING FIRM!

Posted by stteck > 2015-09-17 22:07 | Report Abuse

Can go in now?

Posted by shareinvestment7 > 2015-10-23 13:33 | Report Abuse

Disappointing Counter, Hopeless!!

Posted by member41 > 2015-10-26 15:51 | Report Abuse

Move a bit today

Posted by shareinvestment7 > 2015-10-26 19:00 | Report Abuse

Finally released all lots. :)

Posted by calvintaneng > 2015-11-09 17:21 | Report Abuse

Good closing today.

Next time you must buy when people say "hopeless".

And after every body go GaGa THEN YOU MUST SELL!

Always be a contrarian!