Yes...eventhough trading seems to be a loss...due to higher admin cost....pensonic still has had a good year...gains made through the factory-land sale... Back to back 2 years in a row...company has brought in good profits....but share price still below 60sens....recent uptrend in prices so far has had no effect on Pensonic...... Dividend seems reasonable... NTA keeps moving up.... Loans keep moving down... Cash keeps piling.....but share price still sleeping.....apalah!!!!!!
Panasonic took over Sanyo Hitachi took over Ebworx Berjaya took over Singer Chin Hin buys into Fiamma Khind just announced a Private Placement for 10% of its shares... Probably expecting a new shareholder to come in.... New shareholders may bring in fresh funds and fresh buying interest....but the issue price of RM2.63 below market price....doesnt seem so favourable to minority shareholders in the short term.... Pensonic follows khind closely.. But around this price...Pensonic seems stable.... Bought some between 55 and 57 recently...will continue to average my earlier purchases done above 70sens..... Index trading above 1500....for now.
Big boss and sons...still not buying. So share price will just be here... Between 52 and 57/58. Touch 57....someone shoots it down again....so even 60sens cannot see.....
New stock Sfptech from 60sens...now RM1.80..... Need to engage this group to play up Pensonic....mayb then we can see atleast RM1.... SDS bakery also outperforming the market....
This counter....didnt perform even in better times... Now market so weak....the longer we hold....the lower it trades... Not sure what to post....... Usually family owned business are well supported....this one.......?
the next downside wave just started, not too late to cut loss now. expect it will go to around rm0.43 (big investor buying price and also the next support chart)
Wow..dragonofdark.. U were so right. Even with the share buyback in effect.. Share price sliding...even my 55/56 purchase seems expensive now... Last done 46......apalah!!!!!
Share buy-backs should be able to support price around 50sens.. I dont think anyone can shoot down the company's buying power.... Pensonic has a lot of cash to support.
Cut loss the warrant 4sens already.. Mother share parked in cold storage... Qtr to qtr losses.... Just drifting lower... Mayb once warrant B expires....Pensonic WC will appear....LOL
Selling continues... Best not to touch this stock.... If u can wipe out 2 warrants over 20years.....can u imagine the mindset of the people behind this stock.... Sadly greed drives the fortunate....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
clc689
42 posts
Posted by clc689 > 2022-05-09 20:50 | Report Abuse
Disposal gain but single cents also not reward to shareholders.
15.8m sales, 5.5m print down borrowing and remaining for working capital