NTA is almost RM2...but this counter is not as hot as others property counter. Only cost RM 0.77. Comments?

useless to see NTA

For a prop counter, NTA is useful. if the price is too low compared to NTA, it means the investors do not trust the NTA, or do not place too much hope onto the counter's future potential.

This counter seems to be seriously under-valued based on its NTA vs Price. Latest NTA is 2.12 while price is RM0.925 or over 2 times higher.

Here's the past 5 years stats (RM Million)
Financial Year Ended 2012 2011 2010 2009 2008
Revenue 639 591 666 628 680
Profit Before Tax 69.0 79.9 74.3 37.4 122.6
Paid-up Capital 456 456 456 456 456
Basic Earnings Per Share (sen) 11.5 12.5 11.6 5.0 22.3
Dividends Per Share (sen) 5.0 5.0 5.0 3.0 5.0
Net Tangible Assets Per Share (RM) 2.01 1.95 1.80 1.72 1.72

Good point is that it has been paying good dividends yearly and for the past 3 years paying 5 cents per share and if based on current price of RM0.925, a gross yield of 5.4% - way higher than FD rate.

I think it's worth accumulating this stock for long term based on good dividend records (paying higher than FD rate) and seriously under-valued based on it's NTA.

Good analysis
A bit risky if u based on good dividend coz this is a property counter...

thanks for the information

I like it now as PE 6.90 my TP: 1.18

Past 52 weeks
Highest = 1.04
Lowest = 0.765
Now = 0.925

I always see TP, is it Target Price and if yes, do U mean U'll buy as long as current price is below TP ? Current price is now 0.925.

This counter is cash-rich -

RM'000 2012 2011
Share capital 456,134 456,134

Treasury shares (266) (266)

Reserves 464,475 438,706

IMO, at RM0.95, this counter has plenty of room to go up and up........

Wish u happy investing n good luck

Current price 1.19 from 0.95 2 mths ago, means have gone up 25%.

The warrant is very cheap at just RM0.325 as exercise price is RM1.00. Ex Price + Warrant = RM1.325 which is just 11% higher vs current price.

Compare to say MALTON RM0.935 and warrant at RM0.43 with exercise price also RM1. Ex Price + Warrant = RM1.43 which is 53% higher vs current price.

U have bot how many shares?

I only have PJDEV and its warrants, both 150 lots. I just bought the warrants today and was wondering why is it so dirt cheap vs other counter's warrants. I have computed many examples and this warrant is very much under-priced vs other counter's warrant. Another e.g. is

Karambunai - RM0.09
Karambunai-W - RM0.035
Ex Price - RM0.13
Warrant + Ex Price - RM0.165 which is 83% higher than the mother share.

It depends on investor xpectation in respect of future financial performance

Nov 12. PJDEV - 1.19. PJDEV-W - 0.325.Ex Price + Warrant = RM1.325 which is just 11% higher vs current price.

Nov 18. PJDEV - 1.26. PJDEV-W - 0.355.Ex Price + Warrant = RM1.355 which is just 7.5% higher vs current price. PJDEV-W has grown even cheaper now.

EX-date 04/12/2013
Entitlement date 06/12/2013
Entitlement time 05:00:00 PM
Entitlement subject First and Final Dividend
Entitlement description First and Final Dividend comprising 3.5% less 25% tax and 1.5% tax exempt per ordinary share for year ended 30 June 2013.
Period of interest payment to
Financial Year End 30/06/2013

Par Value is RM1, so 100 shares will get 1000x.035x.75 + 1000x.015=RM41.25

25% tax means 1000x.035x.25=RM8.75. My question is, can we claim back the RM8.75 per 1,000 shares tax ?

When is d pymt date?

First and Final Dividend comprising 3.5% less 25% tax and 1.5% tax exempt per ordinary share for year ended 30 June 2013.

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 4 December 2013 ]

2) The last date of lodgement : [ 6 December 2013 ]

3) Date Payable : [ 20 December 2013 ]

Do U know the answer to the tax question I asked earlier ?

U can claim back