Post Reply
1-20 of 25
I guess its time for averaging down. TA chart is starting to curve up in next 1 or 2 weeks. Trade with care.
Huat Ah!!!!
Huat Ah!!!!
...negative result announce on 13 Aug... big sell down only happen on 10 Sep...?...
...such a result esp shortly after listed... generally not a healthy sign... last: $0.265...
guoyanyunyan ( Date: 10-Sep-2013 20:36) Posted:
|
...last done equal to offer price $0.250...
...chances of new low is relatively high...
Agreed, and as I said the fast pace of dropping portends something ominous (terribly bad) happening. Otherwise directors or larger shareholders would come in and support the current price.
If I could borrow large amount of the shares, I would possibly short 500 lots at 30 cents and buyback at issue price.
guoyanyunyan ( Date: 16-Sep-2013 12:02) Posted:
|
...with recent negative result... hard to have buying interest...
...offer price: $0.250... lowest: $0.245... last: $0.295...
Will it really be able to pay out the 30% of its net profit after tax for FY2013? I doubt so.
guoyanyunyan ( Date: 11-Sep-2013 08:59) Posted:
|
Should it further crashes, the next price will be 14 cents. Then I will take a risk to buy!!
Poor PS Gp, looks like down forever. Such situation seldom happens in bullish market, thus heralding very serious bad bad bad news of the company. Could a newly listed company crashed upon listing? Beware, and it could possibly happen!!!
The revenue has been pretty stagnant for the last 3 years and the progit before tax was on a declining trend, dropping from $1.9m in FY2010 to $1.3m in FY2012.
The EPS assuming the service agreement has been in place and enlarged share cap will be 1.68 cents and that translates into a historical PER of around 14.9x, which isn't exactly cheap.
The Company intends to pay at least 30% of its net profit after tax for FY2013 and FY2014 as dividends.
The company is held by Mr. Teo Choon Hock (38.5%) and Mr. Kwek Keng Seng (31.5%) with the public holding the balance 30%.
This is a small cap company with a net margin of less than 10% in a challenging industry where barriers to entry is pretty low . The business is probably stable but not going to see a lot of growth.
...last: $0.310...
http://singapore-ipos.blogspot.sg/2013/07/ps-group-holdings-ltd.html
I was so lucky to sell around 0.42 went up to 0.45 then dive down to 0.30. Don't know what is the news? Phew!
Tomique ( Date: 10-Sep-2013 19:41) Posted:
|
Cut loss is a good decision. Whats the hurry of buying back again. Today the steep drop signified a downtrend mode. Let the market decides where it want to go. Good luck.
Tomique ( Date: 10-Sep-2013 19:41) Posted:
|
...profit on 1HFY2013 vs 1HFY2012 is -86.2%...
...EPS is 0.34cent in 1H'13 vs 1.98cent in 1H'12...
...NAV is 14.64cent...
Bb dumped this counter today...lots of retail investor burned...whether bb keen to buy back and push up again..I doubt so...trade with care....
Today, BB pushed down PS Grp after pushing it up.
The pushing and dumping could be the result of those who got the IPO in July 2013.
Unlike Rex in oil exploration, also listed not long ago, PS Group makes profit and is in bolt, screws and nuts business.
I cut loss earlier (not shy to say so), but am thinking of buying back. Any comments?
will it be burst past 415 later?
50
50 cent soon
:)
float 60mil shares
A solid debut for this IPO
the float is so small until the price is now 43
Doubling soon.
Very easy to become a lollar stock
Remember ZMBH?
Too low float until shares into own hands
Nice try, it end with a 10% premium on it 1st traded day.
| PS Grp | Op-0.285 | Cls-0.275 | Volume changed hands- | 4,252,000 |