r u sure?

i read d details on page 59 (Part 1). i see nothing on page 2

on page 3 divvy for FY 2011

This post has been edited by nasni: Apr 10 2013, 10:04 AM

didn't realize cliq listed today
altho mother down, still earn from the free warrant

Yeah, TDM was an undervalued fella. Highest I saw was about RM4.90 I think during the peak of the CPO prices. Now already RM4.50+ while CPO is nowhere near the peak, shows that this counter have run up a lot on hot gas as in (more on talk, less on walk)

Daiman stucked already. I think RM2.70 was it's highest for this goreng season, now it will slowly slide down before picking up again if the interest is still there.

On page 2 (actual page number, not pdf page number) of their report, under dividends they mentioned that at the forthcoming AGM, 22 sens will be proposed.

Yeah I'm looking at the PDF now, pretty sure you will see the same thing.

Of course Page 59, says the same thing.

This post has been edited by skiddtrader: Apr 10 2013, 10:07 AM

i'm reading the PDF it's page 4 bro, however page 2 is TOC

details is on page 59.... positive

The splits and bonus do give me a hint that TDM future earnings would be quite flat for a year or 2 aka tough .

Maybe last round of gorenging ( end stage )

But most investors are excited to jump in and buy now.......

This post has been edited by SKY 1809: Apr 10 2013, 10:11 AM

So what was your question again?

Someone try to clear the panamy road block?

Looking at the CPO prices and the stagnation, I would agree.

While bonus issue is more of using up their retained earnings to convert to equity, share splits are more for volume generation. Imagine after the exercise, from 240mil shares will become almost 1.5 billion shares. Balance free float from 60 million shares will become 300 million shares.

So in terms of normally traded volume, TDM will see a 5 fold increase based on split shares although value traded would be almost the same. This thinly traded counter will now see a 5-10k volume daily instead of 1-2k volume.

This post has been edited by skiddtrader: Apr 10 2013, 10:19 AM

My thinking is it is much easily to attract sharks to goreng penny stocks , quick to generate profits and then dump to retailers.

For heavy weight and thinly traded stocks, sharks might face the problem of dumping out these stocks to the market.

If they really do, a big fall in share prices later.

For TDM you need to look beyond the CPO price.

They have 40K land in Kalimantan, of which 12k ha has been planted since 2008. This year they will plant another 6k ha. Their initial 6-8k ha has come to fruitation since mid 2012, hence will start to contribute from 2013 onwards. Even at stagnant CPO prices, they will have increased CPO production of +20% in 2013 from the contribution of their kalimantan plantation. Thier first palm oil mill in Kalimantan is scheduled to be operational in mid 2013. Current terrenganu plantation is not efficient as it has been badly abused by the previous owners, hence CPO yield is low at below 20 tpha with oer of 19%. Plantation in Kalimantan is much more fertile volcanic soil, which can potentially yield 23-25 tpha with oer >23%.

There are 2 new hospitals going to be up which will raise the the number of beds by 50% operational end of 2013. Their healthcare division has been growing at a very good CAGR of 17% since 2004. So far at current share prices, all thier land will only cost RM 25k/ha with free hospitals and palm oil mills thrown in, one of the cheapest in the industry.

This post has been edited by gark: Apr 10 2013, 10:51 AM

Analyst said CPO price will raise after July, expected to be 2500-2700

How about the Free Cash Flow from your point of view , good or bad.

Some CEOs do project very bullish pictures of their cos, but give very lousy FCF.

Soya Bean is doing so so and could be bad due to the bird flu.

One thing also China has the power to dump commodities back to the market.

This post has been edited by SKY 1809: Apr 10 2013, 10:58 AM

usually CPO has better production on 1st half of the year...............price lower.
They may stockpile till 2nd half for better price

TASEK , i start monitor u at 8.9~9.x .

Now u climb until 16.5

Nowadays, market and weather situation can be unpredictable.
A lot of issue are not behaving normal one.

The seasonality issue also change a lot.

I see the FCF from TDM is more or less breakeven as they are investing in the new planting. But it is a net cash company, so no need to worry got no money.

Last time i gave recommendation to buy at RM 8... but i too sold too early...

100% agreed........