Slightly worst than what I had predicted (40-50% drop YoY) but not that far off at 50.9%. Next prediction will be next quarter will be rather flat YoY (+- 5%)
According to a fund manager, sentiment towards Tune Protect shares has been mainly weighed down by a lack of earnings visibility.
He notes many investors remain unconvinced that the earnings performance of the company, which specialises in travel and general insurance, could go back on track anytime soon – at least not this year.
“Some investors have lost patience (towards Tune Protect), especially in a market that has been rallying since the start of the year and where some other counters are performing well; so they are shifting their money elsewhere for better returns,” the fund manager, who works with a local bank, tells StarBizWeek.
Expect price to hover at range bound 0.90 - 1.10 for the next quarter as it is expected to be flat. Management expenses contracts (YoY) for the first time instead of the usual double digit increment...good sign tho.
I think the drop from 1.5 to 1.0 alrdy reflected. It shall drop no more further, moreover the Current quarter is higher than Q117. unless ur saying the current quarter is lower than Q117 then drop to 80cents is possible.
Is better to compare Q2 2017 with Q2 2016 for this type of industry. Even the management has no confidence but to give a higher dividend to keep investors support. I wish I am wrong. Good luck.
My average price only 0.99, i don't mind it further dropping to 0.60 or lower, i buy more! Advice: you guys don't know what you are saying.
Case study: When Air Asia pushed down to 0.765, i entered at 1.00, then averaging it down to 0.85, what is the current share price? RM 3.25 as of today. I sold all my stock at RM 3, earning handsome money.
Similarity: Tunepro, read the facts: Each quarter positive earning of more than 10 million since inception. Good dividend payout. Please read their "press release today"
Those who call "sell" is motively being wish to buy lower for earning money from you.
Oops...QTR results again no good...let say EPS (whole yr) deteriorate of 6.7c, assuming fair PE of 12.... then share price will be 80cent.. let's if share price continue under pressure . Div 5.3c already paid, don't be mistaken it will be paid again....
result within expectation. FY17 eps likely to be around rm0.07, p/e 14. I think it is not expensive, of course not cheap either. Monday to pick up some, it is a recovery play now. those sold earlier would likely to come back. I think it has the right strategy others difficult to copy.
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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....
sasword
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Posted by sasword > 2017-08-15 23:54 | Report Abuse
Lj counter always has Lj shape rebound...