................................. ooops.................................................

Masteel is different kind of animal imo....

Fundi wise...
it's not really the worst... but then it's also not really the best either.....



Profits have some what recovered from the poor 2011 and 2012....
but then.... as you were look/compare 2010 and current TTM profit numbers....
there is the improvement... from 28 mil to 32 mil...
but for some...
this doesn't look like a top notch company...
because in a time frame of 4 years, company profits only grew at a cagr pace of around 3.3%
Probably if I have to grade it (*cheh waaa... like terror only ... hehe*), I would say that this is only an average company....

Ahhh.... yes.... PE multiple is considered low.... Masteel trading at a multiple of 7.4x current TTM earnings.

And the immediate current chart probably does support your definition of a neat bottom end fishing with the chart indicating there is an immediate support at 1.02



But then the next chart is rather telling....

on a slightly longer time frame....
we have this chart below...



it indicates CLEARLY that the stock is STUCK firmly in a range between around 96 sen and 114.


Boon gor, mind explain what is the HAPPY FAMILY issue?

OK, some traders love such stocks....
They like to play range....
buy in the lower end of the range...
and then HOPE the stock will trade back higher to the upper end of the range....
if it doesn't break past the upper range, they will dispose and gain the stock trading range....
and if it does break the upper range, it's like BONUS jackpot...


Some just don't like trading stocks in a range...
(1) it is 'limiting'... *gains are usually limited* - hitting jackpots is rare... (not every stock will hit the jackpot like Homer recently)
(2) As much as a stock can breakout of a range, it can also break down. (meaning to say, you can buy at the bottom of the range, and the stock can actually breakdown)

ya..ya..ya.... I know... not everyone trades the same stylo milo way....

and the last chart.... when we zoom out more.....



now if we put into perspective...
the company's profits performance... and the chart....
I feel la.... (ya I could be wrong)...
this stock is probably fairly priced......
A year ago, the stock was around 70+ sen...
now it's about 100+.....
which is probably a fair value given its profit performance....

and mind you we need to consider the HAPPY FAMILY issue....

Masteel is a steel stock...
and given how lousy and how shitty the other steel stocks are performing....
yes, we can say, maybe Masteel is the better steel stock...
yeah... let's give Masteel a pat in the back...
well done guys!

But then.... like it or not....
funds in general, they do not like to invest in a sluggish sector.
again, like it or not, they do not like to swim against the tide.......
and this is why....
they will most likely... avoid... stocks like Masteel (doesn't this kind of explain why the stock is trading in a range and there is not much excitement in traded volume (in fact some would call this 'coma' liao... hehe - note the almost non trading activity from Sep to now) ? )

And yes... of course.... you can ALWAYS bet against these funds....
it's your money and your decision....
and it is perfectly ok to be contrarian at times.

Most important thing is you understand what is happening and why you want to trade this stock.

Happy Family?

Stocks in same family....

Well what's important for you???



Isn't that the most important question for yourself.
You need to play your best game in the shark market.
Therefor, you really need to know what is important for your game.

That's all to it.
So what do you want?

Do you want to be a collector of cheap stocks?

or do you want to be in the stock simply cos you feel the stock should move up???
p/s whatever happen to your friend? Yea... that one... called.... TREND?

Damn!
You guys sure to know how to fall in love with just one stock.
Not healthy in my 3 sen opnion. 

Stagnant growth?
'IF a growth of 30%'?

If use the screenshot from that posting, we see this...



What's the TTM earnings indicating?
Stagnant growth?
'growth of just 30%'?

No problem la.....
no other stocks to see mehhhhhhhhhhhhhhh?

You ultra sensitive one ah?
This is a stock forum la.
A forum is a place for everyone to share opinions, ISN'T IT?
and YES, hopefully the forum in particular, is one where there is DIFFERENT opinions being voiced out.
this equates to a healthy forum.
An unhealthy forum?
One speak and everyone blindly follows.
You want that?
If this thread becomes that, I will quit the thread.
It means the thread becomes redundant.
It becomes a bunch of cheerleaders!
LOL!
Pointless.

So shoot? LOL!
Yes.
My statements:
Did you see where I have made the 76% into a forecast of mine?
I am merely stating the facts dude.
Did you seriously check the last reported profit?
The profit stated clearly... this fiscal year nine month profit stands at 17 million. Previous year was 9.9 million.
The calculator will show that the profits increased 76%.

THIS IS MERELY STATING THE FACTS.
NOT A PREDICTION.

DID I STATE ANYTHING THAT ONE SHOULD USE AND TURN THIS 76% INTO A STONE CAST RULING?

I CERTAINLY HOPE NO ONE IS THAT BLIND.

 

*whistle*

understand mah?

look, in financial markets, remember, comparisons is made between the current reported quarter and compared against the same quarter the previous year.
This is how they do it.

And it's in my opinion, I feel you do not understand the 'seasonal earnings'.

Some companies... they will see increase in sales .... the same months every year.

For example....
a beer company...
the company will most likely see increase in sales during festive periods.
and immediately after the festive periods, the following months will show a slowdown.
This is the seasonal impact.

Same with companies exporting.
Some countries will see better sales during winter.
So the few months before winter, those countries, will BUY more... to stock up... to be ready for their festive year end sales.

Same with Homer.
Every year, the 4th quarter, this is their boom time.

Do check the 4th quarter earnings each year.
Their earnings will be better than the previous years (and also better than the previous quarter - the seasonal factor!)

See how the earnings boost up.

2012 Q4 was 5.689 million vs 2011 Q4 3.914 million
2013 Q4 was 6.950 million vs 2012 Q4 5.689 million.

2014 Q4?

Now I am just highlighting it as it is.

I dare not predict anything.

Too many Homeraddicts in this forum thread liao! LOL! LOL! LOL!

And look.... the facts, as it is, shows...

fy 2011 -- 10.811 million profit
fy 2012 -- 14.700 million profit
fy 2013 -- 15.118 milion profit
ttm -- 22.005 million profit

Your original statement (which is the CRUX of the issue) states: "at stagnant growth rm1, if a growth of 30%"

remember, the 3 quarters of 2014 already shows that Homer made 17 million.

So for Homer to record a stagnant growth...
if my under the standing of your england is ngam,
you are suggesting fy 2014 earnings to be 15 million also. (no growth ma... so 2014 earnings equals 2013 earnings)
the problem with this scenario is ytd 3 quarters, Homer already made 17 million.
So for total fy 2014 profit to be 15 million, you are suggesting Homer to rugi 2 million for Q4.
errr..... can ah?
*whistle*

same with 30% growth.
for fy 2014 to record a 30% growth, you are suggesting total fy 2014 profits to total 15*1.3 (30% growth) = 19.5 million.
which means, you are saying fy 2014 q4 profits to total only 2.5 million (19.5-17)
Which means, if I use the earlier table...

2012 Q4 was 5.689 million vs 2011 Q4 3.914 million
2013 Q4 was 6.950 million vs 2012 Q4 5.689 million.
** you are saying **
2014 Q4 to be 2.5 million vs 2013 Q4 6.950 million.

err..... that would be a drastic drop, yes?


LOL!

People chase after stocks all the time.
Most of the time... I have no idea why also.
Do you?