EPS: PRESTAR latest quarterly EPS is 8.12cent ASTINO latest quarterly EPS is 6.34cent
Share price: PRESTAR share price is RM1.35 ASTINO share price is RM1.65
Once upcoming quarterly financial result out, PRESTAR share price will up significantly since much better EPS is expected due to higher revenue & profit margin.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)PRESTAR RESOURCES BERHAD ("PRESTAR" OR "COMPANY") PROPOSED PRIVATE PLACEMENT OFUP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES IN PRESTAR ("PROPOSED PRIVATEPLACEMENT")You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
if loan from bank, you need to pay interest. if pp, undisclosed buyer give you the money, and u use their money to pay the loan and less interest will be paid to bank.
Directors normally can get 10% discount from private placement. The proposed PP of up to 10% of the total number of issued shares. Directors want to share more profits which is allowed by the SC.
Just checked the total no of issued shares= 204,920,030, in which 10,887,300 shares are treasury shares. The remaining are 194,032,730 shares. Due to treasury shares are excluded, the total proposed PP will be maximized at 19,403,200.
Let see the effect of PP that dilute the EPS. Let use the latest EPS to calculte, EPS = 8.12 cent.
Maximum no of share after PP =204920030+19403200=224,323,230 Lets assume the same profit as previous one:
The EPS after PP = (204920030/224323230) x 8.12= 7.417cent
Let assume the average public share price is RM1.32, the PP share price is normally got 10% rebate,1.32x 0.9=RM1.19
The directors/associate need to pay RM1.19 for the new PP(maximized at 19,403,200 shares)
Still, the profit, EPS is still higher than Astino one.
The falls of the PRESTAR for its PP was overreacted today. The PP WAS approved @ 35th annual AGM, on 27July2020. The effect of this PP on earning, EPS is less than 10% i.e. THE EPS is around 7.4cents that it is still higher than the Astino EPS. The directors/associate just want to share the profit.
The upcoming quarterly financial result is promising very good. This result should be out in less than 1 month time.
Confidently, I never sell a single share. People are just panic selling without referring to the Prestar's fundamental and never calculate the effect of PP.
Fantastic latest financial quarterly(31Mar2021) result, EPS=9.45cent. Both revenue and profit margin are also improved. Last quarterly(31Dec2020) result, EPS=8.12cent.
Even with MCO & CMCO, the profit margin & revenue of PRESTAR were still performing better at latest quarterly(31Mar2021) financial result. According to the financial report, Prestar is enjoying the continuous hike in steel prices esp its associate companies, Tashin & Posco-MKPC. Therefore, better margin to be confirmed for the the remaining financial year.
The PP fund will be used to future projects & expansion like upgrading the automation production facilities. Lastly, the Prestar prospect to remain positive & satisfactory.
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zerocool7199
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Posted by zerocool7199 > 2021-05-03 19:03 | Report Abuse
Tashin today quarter report out and up 16folds...lets see prestar..huhu