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SKPRES (7155) : SKP RESOURCES BHD
kwokyau911
Member Star
Posts: 33
Joined: Jan 2012		 19 Oct 2012, 07:17 PMPost #201
how much you all collect this?? :D
VINCENT
Member Star
Posts: 6
Joined: Feb 2012		 20 Oct 2012, 04:55 PMPost #202
how much you all collect this?? :Dkwokyau911 @ 19 Oct 2012, 07:17 PM
I collect 0.32
WinningBookie
Member Star
Posts: 126
Joined: Feb 2012		 21 Oct 2012, 11:59 PMPost #203

I collect 0.32
VINCENT @ 20 Oct 2012, 04:55 PM

Then you really earn big money ady! rolleyes
Asriel
Member Star
Posts: 149
Joined: May 2012		 26 Oct 2012, 10:38 AMPost #204
BREAK 0.385 now!! ...WinningBookie @ 10 Oct 2012, 11:22 AM
WinningBookie, are you working for this company. I'm curious to know why are you so focusing on this counter alone. This counter moves like turtle. Its price movement was merely 12% up since August. But other counters in the same period have moved up much more,..like Weida 23%, Zhulian 16%, Scientx 25%, Aeon 26%....if you were there with those counters, you are really huat choi liao!!! lol
WinningBookie
Member Star
Posts: 126
Joined: Feb 2012		 27 Oct 2012, 12:11 PMPost #205
[QUOTE=Asriel @ 26 Oct 2012, 10:38 AM]2044[/QUOTE

Asriel, I am not working in the company but one of my family members are. Apparently this stock is a slow movement stock with rich capital gains if you wait. Why? Please see here:

"Fundamentally strong counter does not move up and down drastically as they are controlled by the wise smart money who are in the midst of dumping or accumulating the shares. Sometime the share price is not moving at all due to existance of two groups of smart money who dominate the shares, first group are those who are in the process of accumulating the shares and the second group are those who are dumping the shares in order to realize their profit as they have been invested in the stock much earlier. The share price will hardly move until the first group completes their accumulation and the second group fully exits from their position. The first group will subsequently spread rumours by using their controlled press/media and hired analysts on future potential of the stock, merger & acquisition as well as other catalysts to markup the share price. They will exit from their position immediately as soon as the rumours are materialized. On the other hand, they will quietly exit if they receive the info from their resources that the rumours shall not be materialized. They will be dumping the shares to the greedy sheep traders who are willing to buy at the peak price.

If you are not a serious investor and have no significant capital, this kind of stock is definitely not for you. Go and find another Harvest if you want to become rich overnight. This stock is truly a high quality fundamental stock for those ownership oriented high profile investors with significant bunch of cash and who are willing to patiently wait years after years after years and enjoy the high yield and long term capital gain."

See this info and you will know why as I strongly agree with this statement. It's very true! If you want fast $$$$, go to other stocks like Harvest, Cybert and so on. I want something safe and could high return in future thumbup
Asriel
Member Star
Posts: 149
Joined: May 2012		 27 Oct 2012, 03:04 PMPost #206
[QUOTE=Asriel @ 26 Oct 2012, 10:38 AM]2044[/QUOTE

Asriel, I am not working in the company but...WinningBookie @ 27 Oct 2012, 12:11 PM
Thanks for your kind explanation. This is the answer I have expected as well. I learn important lessons here. Thanks!thumbup Only that your frequent posts here do not seem to sound like a long term investor though.....lol
WinningBookie
Member Star
Posts: 126
Joined: Feb 2012		 01 Nov 2012, 11:46 PMPost #207
Quietly up again! Stay tuned more good news coming up
CTYap
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Posts: 19
Joined: Jul 2012		 05 Nov 2012, 09:51 PMPost #208
Another stable quarter ... and what's more, 1.3 cent dividend!! pay at Dec
WinningBookie
Member Star
Posts: 126
Joined: Feb 2012		 05 Nov 2012, 10:45 PMPost #209
Another stable quarter ... and what's more, 1.3 cent dividend!! pay at Dec CTYap @ 05 Nov 2012, 09:51 PM

Great! That's the good news I'm talking about actually! More goreng session coming?
WinningBookie
Member Star
Posts: 126
Joined: Feb 2012		 05 Nov 2012, 11:00 PMPost #210
SKP Resources records higher profit

KUALA LUMPUR: SKP Resources Bhd registered a higher profit before tax of RM32.09 million for the six months ended Sept 30, 2012 from RM19.705 million in the previous corresponding period.

Turnover was higher at RM243.901 million for the current period compared with RM169.110 million previously, it said in its filing to Bursa.

The increase in revenue was contributed by the strong surge in demand for the plastic injection moulding segment, as well as value added services such as assembly of plastic products and components for the electrical and electronics industry. -- BERNAMA
azlan
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Posts: 45
Joined: Jan 2012		 06 Nov 2012, 09:15 AMPost #211
0.39thumbupthumbup,another dividen 1.30rolleyes
tiekyu71
Member Star
Posts: 21
Joined: Jul 2012		 06 Nov 2012, 09:40 AMPost #212
Just now then I discover this stock has 10% dividend yield. Regret haven't bought more.
WinningBookie
Member Star
Posts: 126
Joined: Feb 2012		 06 Nov 2012, 09:54 AMPost #213
SKP Resources' (SKPRES) 1HFY13 results were within expectations, accounting for 51.9% of our and 51.6% of consensus' full-year forecasts. Revenue grew 44.2%y-o-y while net profit soared 64.9%, buoyed by surging demand for the group'splastic moulding products. We continue to like the company's strong balance sheet with net cash of 9.8 sen per share. This is enhanced by its alluring estimated dividend yield of 6.8% for FY13 and 8.4% for FY14. We thereby reiterate our BUY call and value the stock at RM0.54, pegged to a 9.0x CY13 EPS.

Strong earnings growth. SKPRES's 1HFY13 results came in within expectations, making up 51.9% of our and 51.6% of consensus' full-year forecasts. Revenue increased 44.2% y-o-y while earnings grew 64.9% y-o-y, bolstered by stronger demand for its plastic moulding products and value added services. On a sequential basis, however, revenue dipped 1.3% q-o-q although earnings climbed 1.4% q-o-q, mainly due to the different product mix achieved during the quarter.

Balance sheet stays solid. The group's balance sheet remained solid, with a net cash position of 9.8 sen per share as the company replenished its coffers with RM26.2m in cash and cash equivalents during the quarter.
Declares 1.3 sen dividend. Backed by 9.8 sen cash per share for the reporting quarter vs 8 sen per share in 1Q13, management declared an interim dividend of 1.3 sen per share. This represents 52% of our full-year dividend forecast of 2.5 sen per share. The entitlement date for the dividend is 22 Nov with payment on 21 Dec. At current levels, the stock still offers an alluring dividend yield of 6.8% for FY13 and 8.4% for FY14.

Maintain BUY. Overall, we remain positive on SKPRES' prospects moving forward underpinned by: i) its client, Dyson's expansion to China, ii) consistent orders from the company's other clients, and iii) the stock's attractive dividend yield. We thereby reiterate our BUY recommendation on the stock, pegged to a 9.0x CY13 EPS, in line with the industry average. Our fair value (FV) does not include the potential dilution effects of its recently-issued warrants, which are trading at a 48.0% premium based on the exercise price and warrant price. While we think that warrant holders are unlikely to convert for the time being, our FV should be diluted to RM0.42, assuming full conversion.

Source: OSK
mikelee
Member Star
Posts: 7
Joined: Nov 2012		 10 Nov 2012, 11:20 AMPost #214
Bought 70, 000 @ 0.385. Hope can go up before dividend ex date
CTYap
Member Star
Posts: 19
Joined: Jul 2012		 10 Nov 2012, 04:37 PMPost #215
Bought 70, 000 @ 0.385. Hope can go up before dividend ex datemikelee @ 10 Nov 2012, 11:20 AM
If it goes up, then you want to sell before ex date? What is the point?
mikelee
Member Star
Posts: 7
Joined: Nov 2012		 10 Nov 2012, 04:53 PMPost #216

If it goes up, then you want to sell before ex date? What is the point?CTYap @ 10 Nov 2012, 04:37 PM
Hi yap, I m also not sure abt tis. Most of the time I will sell it off. But tis counter will try to keep, as the tp is high at 0.58 by TA SECURITY. Most of the comment towards tis counter is positive.
WinningBookie
Member Star
Posts: 126
Joined: Feb 2012		 12 Nov 2012, 11:05 AMPost #217

If it goes up, then you want to sell before ex date? What is the point?CTYap @ 10 Nov 2012, 04:37 PM

He got his point, he can sell off above 0.385 but it seems the price is pretty stable and not so active. Will stay between 0.38 and 0.385 before ex-date...agree?
WinningBookie
Member Star
Posts: 126
Joined: Feb 2012		 12 Nov 2012, 11:06 AMPost #218

Hi yap, I m also not sure abt tis. Most of the time I will sell it off. But tis counter will try...mikelee @ 10 Nov 2012, 04:53 PM

It's a good counter to keep. thumbup
azlan
Member Star
Posts: 45
Joined: Jan 2012		 12 Nov 2012, 12:01 PMPost #219


He got his point, he can sell off above 0.385 but it seems the price is pretty stable and no...WinningBookie @ 12 Nov 2012, 11:05 AM
I think this time before ex date can hit 0.40smile
kwokyau911
Member Star
Posts: 33
Joined: Jan 2012		 13 Nov 2012, 02:38 AMPost #220
but the owner is throwing the shares seems like he holding more than 60%. i think he wan to withdraw some cash for his retired life haha

yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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