Does yesterday's closing price 0.51 offers a great opportunity to accumulate?
Based on IPO price of 0.70 on 19th May 2021, closing price of 0.51 is trading at a huge discount or loss of 27%!! Certainly more losses for those who bought above 0.80.
The significant depressed stock price was largely due to untimely listing due to MCO and extended MCOs rather then biz fundamentals. With the 80% full vaccination for all population achieved to-date, expected opening of economy's activities and forthcoming Budget in October, stock price valuation should match and in line with all the positive developments.
Given the rare attractive price, profitable business (and 25% Dividend payout ratio policy), solid management and track record as well as good construction recovery prospects, is it perhaps now a good timing to consider bargain hunting for the deemed low-hanging fruit?
Haily broke out till 0.705, regained and exceeded IPO price of 0.67 on 14/10.
Aneka broke out till 0.29 nearing IPO price of 0.32 in last two trading sessions.
But we saw TJSetia, closed at 0.53 today, still trading at a hefty 24% discount from its IPO price of 0.70 since 19/5 (the counter was oversubscribed 42.1 times).
Will the prices continue to maintain or slide to below 0.53 and offers RARE opportunities for bargain hunting Or will we see a similar strong breakout in price and volume soon, in sync with other recent IPO construction counters?
Investors' IPO cost 0.70, now at 0.46 is sure a bargain. Will see if company sticks to its press announced 25% dividend policy. Mid term investment. Professional company. Ready 10 bids down averaging.
Even bad time can declare some dividends. Indicating strong fundamentals and book orders.
Others already huge losses if not already dead. Just make sure can tahan and bottom fish until MCO 4 if ever again. Otherwise, just wait la. No way market will rebound until new catalyst are in.
Long game mate. No one can make profits in this situations - covids, Ukraine war, US inflation/Fed interest hike, talks of world recession, now again.....monkeypox.
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....
EatCoconutCanWin
5,104 posts
Posted by EatCoconutCanWin > 2021-09-06 17:23 | Report Abuse
this CB luckily i bought just now. sure will like nestcon. this time catch low price.