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IPCO. NAV is 7 cents. Lots of room to go up
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Bopanha
Master |
18-Mar-2013 10:13
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Honestly, though I am no longer vested, I am confident that IPCO will not move down from the present range of 2.8-3.0 cents. My reasons are: there have been good expectations, and not many would want to short counter or sell off. Market makers shorting the counter are slowly buying back, so they will mostly control the price until they have completed. It will take abit of time unless sudden good news prop up. Cheers. |
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wesely2k
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18-Mar-2013 10:07
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Roger, over!
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ace333
Supreme |
18-Mar-2013 09:44
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dont be caught by the down move......
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wesely2k
Veteran |
18-Mar-2013 09:43
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Don't move at all. | ||||
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Listing
Senior |
17-Mar-2013 11:40
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Calculations pointed to nav 7.2c before results so results were expected... | ||||
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yummygd
Supreme |
17-Mar-2013 11:02
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Yup they issued more shares. N seriously i was expecting nav to be around 5 cent so 7 cent is a surprise.
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terencefok
Master |
16-Mar-2013 22:59
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I believe nav has been diluted as a result of convertible bonds being converted into shares at a price lower than 7 cents, but at the same time, value of their shares investment have gone up and probably brought the nav back up. hope this helps. |
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Listing
Senior |
16-Mar-2013 22:36
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I tot nav was below 7c then because of their investments revalued at high prices than cost, would bring their NAV to around 7.2c... Yea something is amiss if the NAV has remained 7c for 3 years... | ||||
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guoyanyunyan
Elite |
16-Mar-2013 13:16
Yells: "uncertainty always exist" |
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... NTA has been $0.07 for at least 3 years already .... something amiss .... | ||||
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JinJelly
Member |
16-Mar-2013 12:36
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to the senior traders / investors, may i assume that this line, Profit/(Loss) for the financial period would mean that Ipco has done well? Financial statement give me headache, can share what else to look for? Monday 0.035 15,237 (3Q) And 35,685 (9 months) |
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moneycow
Master |
13-Apr-2012 14:55
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For a bit of history. :) Some forum conversation from shareinvester back then :) Maybe the golden years will never return. Maybe it would.... Just see for infos :) =============== Quote Originally Posted by Magpi i got the wrong column, gotta the balance sheet instead of the 04/05 comparison, FY04 (10.131M) versus FY05 1.543m gain. EPS 0.19cts used from FY05 hence fair value initially at $0.085 is still correct. Normally market price is ahead of fair value but this ipopotamus had a poor history (capital reduction and years of losses (forget China Gas - have managed to find out that the stake did not pull through in FY03 due to the losses they sustained - China Gas eventually ended up with Gail from India). Those were the work of the previous mgmt, too much poor investments, away from their already horrible core business (construction) - a double whammy from FY02-04. Can't imagin IPCO at $4 previously Jos - forget their past, we should focus on their new mgmt team. Instead of calculating compounded returns - this should be turnaround growth. We will calculate the compounded returns based on their coming earnings Chng Gim Huat is a mini OHL (not as rich as OHL) - with a little midas touch. Not involved in mgmt issues, he is just a major sleeping partner, thus i can t find him on the mgmt board one of the broker is the one pointed out to me of his stake in BH Global Marine - that is all that could tell u. His tactical accumulation of IPCO in small batches indicated his faith in the new team by Quah Su Ling (the pretty lady) at nearly 8% for a direct stake is substantial. He has stakes in a few non-listed companies, mostly properties. 1.543m profit from 10m losses is a turnaround, we shall look at coming Nov earnings report. As mentioned earlier, fair value is 0.085cts thus at 0.075cts good accumulation, i have commited 1100 lots at 0.075cts. Might be too late to accumulate before the earnings. i am curious why Richchee is optimistic of their investment in Asia Plan? Rich...can share? thanks If i did not remember wrongly IPCO was on the headline in newspaper in 2004 as some mionorities shareholder try to force the management to give out divident since company is cash rich. But the minorities shareholder loss the battle. Can someone enlighten if IPCO have already change management? IPCO NTA look good but if management not willing to give Divident and keep cash inside the company then minorities shareholder will be at the mercy of majorities shareholder. |
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CrazGreed
Senior |
13-Apr-2012 12:10
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There are only two possibilities: 1.) doing too good, channeling all the profits to somewhere else... 2.) doing so bad, shame to disclose... you are right, something is wrong...Since it always ding dong, i played my part in taking advantage of this. :) Now own none...consider buying if drops back |
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moneycow
Master |
13-Apr-2012 12:03
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Really got no slightest idea..how many of the subsidiary are actively operating and generating profits...or are merely burden or namesake...
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moneycow
Master |
13-Apr-2012 12:01
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CapabilitiesIPCO applies a vertically-integrated approach to business which includes:
Oil & Gas
Power
Water & Environment
Transportation
Industrial
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moneycow
Master |
13-Apr-2012 11:45
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The business model looks good. Website looks impressive BUT the price is - laughing stock. Just 2 cents latest. Ding dong between 1.8 to 2 cents. Why no one just snal it up since its NAV is more than 3 times its traded price. Other stocks trade many times their NAV .... The management failed to get investor interested. The investment department is not doing a good job to promote the company to get investors interested and maybe expand. It just boils down to BAD MANAGEMENT - They Failed.. IN the next EGM or AGM, Major shareholders must table a motion to to replace the COO or CEO, the company have potential but the management just not energetic nor have inject life and activities that bring company benefit and shareholders benefit. It needs a top CEO to turn around the company ...for many years its share was 13 cents or more.... since than there was no progress. Same type of business, No active tender for oil projects........ something is not right...its not progressing..... the management must be overhauled soonest or else it will forever be the same not forward moving . NO advancement...just a bunch of looking good business...oil, land housing development in the USA... no breakthrough profits... Company never grow over the years... need top management that have that " Drive" It really looks dead besides announcing Domestic gas supply in China rural area... that's about it... Like selling Kachang Puteh and Karu Puff.... earn pennies... No drive nor plans to go to City and open Mega mart... No plans to get Drogba to play in the S-league. No drive to be big players... just happy happy selling kachang puteh, nasi lemak and ....Otak otak... ban dong.... No plans to open high end rstaurant or go into Casino business... those BIg ticket investment that would bring in wealth and well being and growth for the company in Mid to long term.. Something must be done..or it will be forever ...1.8 cents on a good stretch of trace days ...2 cents than..... stay and fall back and forth for almost forever.. :) Maybe Isolator would want to correct me... At least that's what my impression...of it ..for years no progress.. from 13 cents fall untill below 1 cents ......than ... its max 2 cents.. or slightly more than fall.... nothing to attarct big players to come in or RTO... quite a sad state for a potential company that deals in Gas suppliers, engineering supprt in oil explorations.. Land and property development in the US...now Electronic.. services.. Can someone tell me I am not correct. :) Thanks.
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lorann
Member |
09-Mar-2012 21:00
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Really neglected stock. Upside potential should be very good. Near TP = 2.2 | ||||
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Leonkoh73
Member |
23-Feb-2012 00:04
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The IPCO Group is a leading international developer, turnkey contractor and investor in oil & gas, power, transportation, water & environment and industrial infrastructure projects worldwide. NAV is 7 cents. Lots of room to go up Keep vested |
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