dun worry, I know how you feel. it's the same feeling if you play Westport last time... don't worry you have stabilizing mgr rite? so won't break 1.60.
nothing to sad about...they are clearing and kicking out all the shitty contra player. If you are a real investor, hold it please cause the real investor will jump in soon after world cup. :-)
from now on do not simply apply for new ipo. Except for 7 eleven and Econpile which maintain good premium while B. Plant and Icon are really waste of time and effort. Watch out for the new few ipo coming
this is for long term investor...from all your comments, it seems that all of you were contra player. Which I am glad to see that all of u is giving up :).
If some of you who heard bout the soy bean news, plantation sector will definitely....kekekeke
Hi, may I know if the result ended in 31/3/2014 EPS was based on the number of share before IPO, or after the enlarged shares? If not mistaken, with the RM11.4 as net asset per share, and RM 1,479,653,000 as total equity, the issued shares based as at 31/3/2014 was 129,794,122 shares, but the current share issued is 1,600,000,000 shares. Take the same RM 1,479,653,000 and divide by 1.6 bn shares, the new net asset should be RM 0.924. Take the net profit of RM 30,127,000 and divided by 1.6 bn shares, new EPS should only be 1.88 sen, not 24.9 sen. Can someone verify this please? Thank you very much.
cannot run liao, I am suppose to choose between seacera-WB vs Bplant, but choose Bplant due to palm oil is better prospect...end up...cry like hell....
this is what I get from RHB researcher, insider news la k? Believe or not up to you. "Our thesis of weak production growth this year being the main driver for higher palm oil price is starting to pan out, with weak production in Sumatra starting to become eviden".
el nino is a extreme dry & humid weather that affect plant yields ( 6-12 months down the road ). Plantations counter yield will not be affected now but next year production may be impacted. CPO prices hit by hit stocks and weak soy bean prices. plantation counters more for long term play
there is no such thing as expensive or not. It is based on how confident you are towards the stocks. For Long Term investor like me...I will put it at min for 2 years to grow.
No doubt FY 2013 profit did include a once off gain on disposal of plantation assets of RM 92 mil. If you take away this one off gain in its 2013 profit, its P/E though high but will same to those like IJM Plantation Bhd, ie in the region of 30.
Don't forget that the average CPO price in 2013 was around the region of RM 2,334 per mt. That explain why the revenue was lower in 2013 compared to previous year. Its gross margin was in 2013 was 15%. Its operating cost was much higher in FY 2013 compared to post privatization of its REITs.
You can check the 1Q FY 14 un-audited result whereby the gross margin has improve by 10% from 17% to 27%. A combination of better CPO price at RM 2,629 per mt and lower operating cost. The EPS based on the enlarged capital base of 1.6b will come to around 1.9 cent per share for the 1Q FY 14.
With better CPO price in the 2nd half and lower operating costs. Its FY14 profit should improve substantially.
As per its 1Q FY14 statistic, its total planted area is 70,990 hectares with 16.7% are past prime which required replanting, 59.3% are prime mature and 16.5% are young mature and the remaining 7.5% are immature. So only a small percentage of palm trees required replanting.
Future prospect...
Post IPO, it plans to use RM 420 mil to acquire 10,000 hectares of earning accredited mature plantation estate within the next three years.
It also intend to use RM 44 mil to replant 4,275.8 hectares of existing past prime plantation land over the next 2 years.
The earning growth prospect in the next three years should be good if everything fall into place. In the meantime, these unutilize excess fund post IPO will also earn interest income.
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....
ywcheok
50 posts
Posted by ywcheok > 2014-07-01 10:26 | Report Abuse
Few weeks ago news say this counter oversubscribe by 6 times but the price now also not very nice.. haiz...