Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Friday, January 14, 2011

IRCB. Gadang. Puncak. Epic

IRCB (nta 0.31, Q/Q 0.3/ 0.14/ 0.07/ 1.2)
For every 2 held, you get (3 RI @ 20 sen + 2 FW )
2 x RM0.42 + 3 x RM 0.20 = RM 1.44 = 5 P + 2 W ( P=0.23,W=0.14 )
Buy the warrant when it retraces to 14 sen

Gadang ( nta 165, Q/Q 3/ 3.6/ 2.8/ 5.4 ) Fv 148
For every 3 held, you get 2 RI @ RM1.00 + 1 FW for every 4 shares held
3 x RM 0.78 + 2 x RM1.00 = RM 4.34 = 5 P + 0.75 W ( P=0.82, W=0.3)
Buy when it retraces to 72 sen level

Puncak Niaga (nta 360, Q/Q 1/ 9/ 7/ 9) Fv 260
Epic ( nta 212, Q/Q 5.7/ 5.8/ 8.8/ 7.9 ) Fv 283

2 comments:

Ah Yo said...

Hi Remnant,

I saw a lot of "Deemed interested by virtue of his (TAN SRI DATO' KOK ONN) substantial shareholdings in Sumber Raswira
Sdn Bhd - Disposal in the open market", is that a concern?

Remnant 613 said...

It's always a real concern when substantial holders start dumping their interest. But how much being disposed is the question..

Tan Sri started his recent unloading from Oct 2010 and did loads of disposal when share price surge and that is norm.

We would have done the same when there are willing buyers perceiving an impending share price surge.

What I advocate is buying on retracement/ reversal from recent high (pullback) provided there is high activity and liquidity.

Gadang is actively traded at the moment. i would not touch it if it loses trading volume.
Happy investing.