There is no short cut to success especially for a pawn broking company . PAPPAJACK is no exception. From the prices movements and the volumes traded daily, I would consider PAPPAJACK a very steady stock at least for the time being. Don't forget that the initial IPO price is only 30 cents. It would take some companies many years for their share prices to rise from 30 cents to more than 50 cents . But PAPPAJACK makes it in less than one month from the listing. So what more you expect. If it can be gradually moving futher upwards is considered marvellous. We must also remember that PAPPAJACK is the" only" pawn broking firm listed in the Malaysian Share Market. So PAPPAJACK is definitely a " rare" gem. Just my opinion. Not a buy or sell call
SINCE PAPPAJACK IS "RARE' GEM AND IF MANY INVESTORS ARE LOOKING FOR THE RARE GEM DUE TO DEMAND MORE THAN SUPPLY, THEN PAPPAJACK WILL JACK UP THE ROCKET FLYING UPWARDS. WHEN WILL THAT HAPPEN? TELL YOU HONESTLY I DON'T KNOW ?. SO IT IS UP TO YOU WHETHER YOU WOULD WANT TO WAiT FOR THAT MOMENT TO COME .
Gold price is not a measurement for this counter. It should be the consumer consumption. The health of the economy. If Pappajack sold off the gold pawned, it will only cover their profit and some misc costs agreed with the customers beforehand. The remaining balance will have to give back to the customer. They cannot keep all the selling proceeds alone. This is governed under the Pawnbrokers Act 1972.
Nevertheless, this counter is still a very good investment due to its safe loans provided. Assets it is holding are very liquid. In other words, Pappajack is a legal Ah Long but with a smaller profit margin.
gohkimhock, What you mentioned is fair enough. But the gold price does have an important role to play. If there is a sharp fall in price, most of the borrowers will be very reluctant to redeem the pawned items. It is difficult for the pawn brokers to auction off the items or end up loss-making
As to the health of the economy, whether in recession or in boom time people will still pawn their gold or jewelleries.
Jimmy 888. Welcome you on board. We have four members with triple 888 and one with double 88 now.: georgeina88 Willy888 henry888 Jimmy 888 Chon888 Whether double or triples are all the same. The most important thing Is that let's hope that we all '"huat " together with all other investors in this forum.
PAPPAJACK is in one of the top active list occupying the 21 st position. The position may have changed as the information I gathered is 15 minutes late. PAPPAJACK is well supported by investors and traders. Hope that its share price will spike soon.
PAPPAJACK is in the 6th position at the mid day close at 12.30p.m. From what I noticed was that there was a heavy profit taking along with bargain hunting. The sales volumes were well absorbed by the buyers. Just my opinion.
out of my imagination....pawn shop are not a sunset industry......or it use share market to do retransforment to a digital currency electronic lending business......surprise!!!!!
ChiCha, Pawn broking will never be a sun set industry. The demands are always there To certain groups of people, pawn shop is a necessity especially if they can't turn to banks for loans as they may not be able to meet the banks' standard requirements such as income or employment status. As to whether pawn broking businesses could be transformed to digital systems, that may be a sophisticated idea, but how are they going to do the transactions without the customer's presence with the gold or jewelleries.?
PAPPAJACK ANNUAL REPORT 31-12-2021 OUT TODAY . PAPPAJACK IS NOT AN ORDINARY PAWN BROKER.. IT HAS TWO DIRECTORS WITH VAST PAWN BROKING EXPERIENCE AND A TEAM OF HIGHLY QUALIFIED PROFESSIONAL DIRECTORS ON BOARD. ALL Of THEM ARE YOUNG TO MIDDLE AGED.
iT IS AN INTERESTING REPORT WITH DETAILED ANALYSIS. PLEASE READ TO FIND OUT MORE OF PAPPAJACK.
May you be happy. May you be well. May you be safe. May you find comfort. May you have strength. May you have courage. May you find healings. May you have peace. May you have joy. May you be filled with loving kindness. MAY YOU BE BLESSED TODAY AND ALWAYS.
If the more the people buy gold, the more the people will go to the pawn brokers sooner or later of which PAPPAJACK is one of them to be benefited as a result.
In other words, if goldsmiths' sales increase, part of the businesses will go to the pawn brokers later. Pawn brokers businesses will also increase. That will be a trade cycle.
Already spent one month, consider acceptable return! After making comparisons with Singapore pawn counters, decided to quit and move on! Hope ppjack can hit my initial tp 0.80 in short while! Good luck guys!!!
Good defensive stock with potential. Ignore the high PEae cos it may halve in the next qrtr release. Im in the ar rahnu industry and understand well arrahnu/ pawnbroking nitty gritty
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....
dessmond1
70 posts
Posted by dessmond1 > 2022-04-26 16:05 | Report Abuse
long way to go for papajack