QUOTE(p3nang @ Nov 6 2009, 11:56 AM)
My mistake, that's 12th Nov.
http://announcements.bursamalaysia.com/EDM...39?OpenDocument
Added on November 6, 2009, 4:27 pmQUOTE(htt @ Nov 5 2009, 10:30 AM)
Simple reason, this should be easy to goreng. Btw, the fundamental not that bad after all (even goreng tak jadi still can hold), and even apply 500 lots, chances are successful applicant might just got 50 lot at most.
Think not fair giving statement like that. Reasons:
1. Relatively small IPO, more volatile.
2. Estimate PE at 6.82 (my own method projecting full year result same as 4 months performance, dilute all new share, not adding incremental result from new share issue).
3. NTA at RM0.36/ share, not that bad, considering goodwill of the business.
4. Strong cash flow. Cash/ share at RM0.176, actually they have no immediate requirement for cash, listing for other purposes.
5. Low debt.
But I have totally no idea about what they are making, think that's something which they have less competition here but more competition elsewhere.
Just my personal opinion. Invest at your own risk.
This post has been edited by htt: Nov 6 2009, 04:27 PM