Its lastest earning result is pretty poor, only 7.xx cents profit, so stock price reacted to the bad number or specifically fund managers react to it.

We will see its share under pressure for sometimes, until it can show turn around in the profit.

Next quarter results will be out this month....Another 2 more weeks or so...I wonder if it did better.

Probably a good time to grab some Tanjong shares since it has been down the last week or two

huh ? so fast next quarter result out ? they just post their 1Q report leh ..

Expensive share, no?

Expensive is relative terms.
If they split by 10x, then you consider it cheap?

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Added on June 9, 2009, 9:13 amI have started accumulating...

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Added on June 9, 2009, 9:13 amHope that higher COP is not damaging their business.

This post has been edited by teewan: Jun 9 2009, 09:13 AM

Is it? I cannot find the 1Q report in Bursa site....
Do you have it?
The last one posted I noticed was on January 09.

The share has been holding well AFTER the result announcement, for about few weeks.

Only recently started to drop.

Ok....so announcement in March, share drop in June...perhaps in anticipation of next qtr results in end of June....Lets see what happens then....

at 13.1-2 still can go in?
what is the projected coming financial result? any idea?

personally, should be quite a good bet at current price.
there is FD of 20sen to be paid. ex-date 29/7.
4Q is really bad, EPS only 7+, 1Q hopefully improve.

I buy based on long term potential.
It used to pay out 90 cents dividend PA.

This is a fundamental play.

There is a big player controlling this counter.
Is not an active counter, but occasionally the price fluctuates a lot in a day, value wise.

I understand that during uptrend, certain counters will actually become unattractive, due to their business nature.
Maybe some of the holders will opt to cash out and invest in some other cyclical counters.

If you factor in the last financial result, which was weak, and it looks like a candidate for dumping and jumping to another counter.

you all got accumulating now?

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Added on June 10, 2009, 11:21 amwow just notice tee is the one opening this forum .. haha sure got alot tanjong

This post has been edited by mo_meng: Jun 10 2009, 11:21 AM

i'm all for it.
I own tanjong for dividend as well.

smartly, may I know your buy price, thank you.

umpteen years..at RM11.80.

got some at 13.1 today

Nolah, I dont hold much, a few lots...
This counter is not as cyclical as the rest...

My money had been splurged on KNM!!

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Added on June 10, 2009, 12:08 pmI queueing to buy 500 units at 13.00.
I won't be surprised if it is pushed down to 12.80.
If it falls below 12.80, it will be a very good buy.

This post has been edited by teewan: Jun 10 2009, 12:08 PM

nvm jsut collecting it when it going down more
wanna change my % allocation more to blue chip

Count me in for Tanjong, too.

a stock mustn't be missed.



grandfather story.... dad told me that my beloved grandpa hold xx lots of Tanjong, avg was RM12. during 1993, it went up to RM18 (or RM20), but my grandpa was stubborn to sell, as you can see, it was coming down after that, it even went down below my grandpa's average price, grandpa sien jor, then my dad advising him to do averaging, so he started to pick up some at RM8, etc.

Anyway, my beloved grandpa had passed away for a few years. But his Tanjong share is still there.

P/s: Nice stratergy, teewan. I'd like to use that for averaging down too.

Holding 3,000 units since RM 14.60... cannot down average anymore... b'coz ran out of bullets already.

Xuzen