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As good as no volume today. All focussed on Noble ?
Jadason on track for &lsquo explosive growth&rsquo
see http://www.theedgemarkets.com.sg/jadason-track-%E2%80%98explosive-growth%E2%80%99
And still stock price drops 16% today !!! Either article is really BS or bb are pushing down and are accumulating. I hope the latter, so I have been accumulating myself, but still can hit myself for not selling when touche 0.094 last week. But yeah, can only hope it will go back there again. Most of the time is really casino play lately.
..... almost panic touched and tested but temporarily bounced back up to near 15d.
volvo125 ( Date: 15-May-2017 16:40) Posted:
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The current moving averages stand at 0.073(15d), 0.064(30d), 0.047(90d) and 0.03(180d).
0.073(15d) already breached, and 0.064(30d) almost panic touched and tested but temporarily bounced back up to near 30d.
Now, clearly without a confirmed solid Fundamental backing on the overly outrun price, let' s see how far, and how fast, and how harsh, Mr Market will revisit the various moving averages supports ....
0.073(15d) already breached, and 0.064(30d) almost panic touched and tested but temporarily bounced back up to near 30d.
Now, clearly without a confirmed solid Fundamental backing on the overly outrun price, let' s see how far, and how fast, and how harsh, Mr Market will revisit the various moving averages supports ....
Cut all loose to take profits this morning.
Jadason 1Q17 PAT ~$280K beats its 1Q16 earning but has fallen very short of its 3Q16 and 4Q16 earning momentum. Earlier, I had highlighted and was expecting Jadason earning to come in at $1.2mil ~ $1.8mil, targeting ~$1.55mil to be at least inline with its 2H16 earning recovery rate.
Forget about the complicated DCF-FCFF valuation. A PAT of $1.55mil, if hit, will give a rough annualized EPS of 0.00858. At a lower end conservative rough and simple 10xPE estimate, it will give a Target Price of 0.0858.
Incidentally, this is near to what Mr Market had naturally priced Jadason at 0.087 last done before the earning release last Friday.
Now at $280K, it is only hitting 18% of its expected 2H16 earning rate. This gives a substantially much lower reasonably valued Target Price of 18%*0.0858 = ~0.016, based roughly on Jadason implicit earning capability now.
At this juncture, Jadason is certainly not showing that it can sustain its 2H16 earning recovery rate. The stock price has way outrun its expected value and is currently very, very overpriced.
At the more reasonable valued Target Price of ~0.016 that is directly reflecting on what Jadason is capable of delivering at this juncture, it is important to note that this is likely an extreme worst case, as indicated by Jadason management and also in the RHB report, earnings will only progressively improve from 2H17 or maybe only from early 2018 onward.
I expect Jadason price will continue to fall very, very sharply in the next few months to reflect on the current harsh reality that its Fundamental in term of an expected impressive earning recovery momentum is still not really yet tangibly there .... may be not down to the level of 0.016, but certainly not at the current level even with a near 13% selldown this morning.
I still believe Jadason will gather pace going forward in its turnaround effort, and that the 12xPE TP0.15 issued by RHB is reasonable, but for the longer run. Not now, certainly, Jadason Fundamental is still not yet solid and premature to support its Technical. In fact, RHB tag a 12xPE on Jadason FY18 earning, not FY17.
Buy all back much later when Jadason earnings are more evidently steady and inline.
Jadason 1Q17 PAT ~$280K beats its 1Q16 earning but has fallen very short of its 3Q16 and 4Q16 earning momentum. Earlier, I had highlighted and was expecting Jadason earning to come in at $1.2mil ~ $1.8mil, targeting ~$1.55mil to be at least inline with its 2H16 earning recovery rate.
Forget about the complicated DCF-FCFF valuation. A PAT of $1.55mil, if hit, will give a rough annualized EPS of 0.00858. At a lower end conservative rough and simple 10xPE estimate, it will give a Target Price of 0.0858.
Incidentally, this is near to what Mr Market had naturally priced Jadason at 0.087 last done before the earning release last Friday.
Now at $280K, it is only hitting 18% of its expected 2H16 earning rate. This gives a substantially much lower reasonably valued Target Price of 18%*0.0858 = ~0.016, based roughly on Jadason implicit earning capability now.
At this juncture, Jadason is certainly not showing that it can sustain its 2H16 earning recovery rate. The stock price has way outrun its expected value and is currently very, very overpriced.
At the more reasonable valued Target Price of ~0.016 that is directly reflecting on what Jadason is capable of delivering at this juncture, it is important to note that this is likely an extreme worst case, as indicated by Jadason management and also in the RHB report, earnings will only progressively improve from 2H17 or maybe only from early 2018 onward.
I expect Jadason price will continue to fall very, very sharply in the next few months to reflect on the current harsh reality that its Fundamental in term of an expected impressive earning recovery momentum is still not really yet tangibly there .... may be not down to the level of 0.016, but certainly not at the current level even with a near 13% selldown this morning.
I still believe Jadason will gather pace going forward in its turnaround effort, and that the 12xPE TP0.15 issued by RHB is reasonable, but for the longer run. Not now, certainly, Jadason Fundamental is still not yet solid and premature to support its Technical. In fact, RHB tag a 12xPE on Jadason FY18 earning, not FY17.
Buy all back much later when Jadason earnings are more evidently steady and inline.
Timing Timing Timing....accumulate while short term/contra players cashout....This gonna Huat Big Time for the BBs.....Cheers!!!....
A Growth company Very likely to command Much higher price...Taking Alliance Mineral for example...IMO...Jadason may just do the same...cheers!!!!
Profit/Cash/NAV Dropped From Q4.
Penny stock trading above NAV
Price already sruged closed to 200% since two months back
All the good news has already been priced in with expectation of higher profit plus in 2H plus even an analysts' report
I honestly don' t think there is much upside left but the potential downside is much greater with the market already at an all time high plus the crazy surge within two months.
Penny stock trading above NAV
Price already sruged closed to 200% since two months back
All the good news has already been priced in with expectation of higher profit plus in 2H plus even an analysts' report
I honestly don' t think there is much upside left but the potential downside is much greater with the market already at an all time high plus the crazy surge within two months.
Never worry, company expected to be in very good $$ shape this onwards...IMO..Divident should be on the way too...JMO...Today morning sellout should have enable the BBs to get back the stocks in lower price...Get ready for the next ride up...imo...Again, Smart monies is in here....my guess is if today can close EVEN will be good liao.....
Jackwoo ( Date: 15-May-2017 10:17) Posted:
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This is another casino stock. You can pump in alot of money to buy and keep for investment. But they will never give you any dividend. After 2 years, you will still sell at bottom price.
I reckon within the next 52 weeks should trend higher as the management has obtained extension on the watchlist. They can easily fulfilled by consolidation but to meet the min price but they chose not to.
Jackwoo ( Date: 15-May-2017 09:53) Posted:
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On 8th May, this stock opened at 0.079 and close high at 0.092. The BB bring it up so high within a day. This stock is under speculative play.
Today, the BB bring it back to its original price.
I think so too but just now no guts to jeep some at 66/67 haha.... was falling too fast n furious .... see already also gan chiong
luckyfa ( Date: 15-May-2017 09:37) Posted:
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Would likely trace back to the 80+ to 90+ range....The company outlook is ROSY!!!
deschan ( Date: 15-May-2017 09:24) Posted:
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Under shortists attack
beltrance ( Date: 15-May-2017 09:03) Posted:
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No particularly negative news.... revenue dropped by about 10% but profit after tax increased by 7%.
22%
beltrance ( Date: 15-May-2017 09:03) Posted:
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17% drop today. What's happening ?????
Based on discussions with long-term customers, who have indicated their intention to increase their production capacities, we expect our Manufacturing and Support Services business to see an improvement in performance in the second half of FY2017.
Source: http://infopub.sgx.com/FileOpen/Jadason_FY2017Q1_Results.ashx?App=Announcement& FileID=453422
Source: http://infopub.sgx.com/FileOpen/Jadason_FY2017Q1_Results.ashx?App=Announcement& FileID=453422
As for today still v strong hold