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adg
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Posting #1: Sun Mar 18th, 2007 21:36 |
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| It is worth paying attention to this stock since the 2nd Quarter to date results have exceed that of the full year ended June, 2006. The Balance Sheet is very healthy with a net cash position and the Company has not made any loss since 2002.
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Moolah
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Posting #2: Mon Mar 19th, 2007 03:00 |
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adg wrote: It is worth paying attention to this stock since the 2nd Quarter to date results have exceed that of the full year ended June, 2006. The Balance Sheet is very healthy with a net cash position and the Company has not made any loss since 2002.
Hi Adg,
I believe you have made a valid point here.
Previously, pintaras has been decent but it looked really like a construction company in their own comfort zone - ie decent with lackusture or no growth. And the earnings - around 10 mil per annum looked rather smallish...
But...
as you have correctly pointed out... things do look promising...
Sales Net Earnings
2002 54.267 7.822
2003 68.039 9.476
2004 87.358 9.903
2005 116.504 10.210
2006 94.462 10.518
ttm 124.828 18.421 |
the table above, the ttm (current earnings) does indicate that there is indeed a tremendous change of fortune happening in Pintaras Jaya.
So adg, any idea what's happening in the stock? Any changes in the business economics of Pintaras that is causing this change of fortune?
Care to share more your views?
rds
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chewy
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Posting #3: Mon Mar 19th, 2007 05:47 |
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This company has got quite some cash and if I am not mistaken, no debt.
But it took me few months to wait for it to move from 0.90 to 1.20 .. volume quite boring and i notice not many script out there. Employee option also looks like a barrier for the company to move.
But with more infrastructure project coming the way, it should be good for their foundation piling business.
Pls note: my fundamental view was based on almost 1 yr ago. Havent really follow the share for sometime. But it should be a good company to hold for long term investment.
rgds,
chewy
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Moolah
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Posting #4: Mon Mar 19th, 2007 06:23 |
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Hey Chewy,
Nice to see you. I just had a glance thru and yes it does look healthy.
however.. i just noted that this company does dabble in the stock market.
And depending on what kind of investor you are, some might not like this issue...
this was wat's stated in their q earnings..
RM'000
Total Purchases 10,449
Total Disposals 6,764
Total Gain on Disposal 142 |
a purchase of 10.449 million in the share market is quite a lot..
and total investments in marketable securities as at 31 December 2006 are as follows:-
RM'000
At cost 24,695
At carrying value/book value; and 24,376
At market value 25,546 |
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chewy
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Posting #5: Mon Mar 19th, 2007 06:58 |
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Hi Moola,
Thanx for pointing that out. Didnt noticed that there are trader in the finance department.. haha.
Investor, be warned. Things can become very ugly if something is wrong and someody trying to hide losses, dumped the stock should they change CFO..
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Moolah
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Posting #6: Mon Mar 19th, 2007 07:03 |
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| Yeah I do reckon that this is an issue not to be discounted for investors. I for one would rather see a company return more cash back to their shareholders than to see them dabbling into the share market.
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