I think I ought to revisit this old flames. This is especially so when the stock recorded another all-time high record after a relatively unexciting period for the last one and half month. Today it sparks again. Up 18 cents and hitting new high of RM2.48 with big volume.
Reflect back. The stock price closed at RM2.25 on the first trading day after the split exercise back in 23.12.2013. With today closing price of RM2.47, this represents an increase of about 10% since the split ex-date. Purely looking at the percentage number may not look attractive to some but to revert back to its old price for comparison, this represents an increase of RM1.10 within one and half month time. If this is not a good investment for long term investor, then I don't know what is. Those who have hang on to the stock without selling even after the split exercise, they will have make significant gains.
For comparison sake, the price now is equivalent to RM12.35 per share if without price split ! I always believe the price will be higher than this if the company management had considered our opinion to halt the share split exercise to a later date. Anyway, with or without share split, everyone is now very happy and that, I think is the most important yardstick for any share investment.
Let's watch how the stock will chart the untested new territories in the coming weeks. Stay tune.
By the way, those who remember my post on 3.12.2013 here discussing about 3 persons of different ages with different investment profile. I reproduced here the tabulation showing the investment of the 59 years old investor to see how his investment has bring more wealth than he initially anticipated.
Company
|
units
|
Price
on 4/9/13
|
Price
on 27/9/13
|
Price
on 11/10/13
|
Price
on 31/10/13
|
Price
on 11/11/13
|
Price
on 20/11/13
|
Price Review on 10.2.2014
|
Diff. +/- since 4/9/13
|
DSonic
|
50,000
|
3.33
|
4.42
|
-
|
6.25
|
-
|
8.43
|
12.35*
|
+9.02
|
OCK
|
125,000
|
0.62
|
0.685
|
0.70
|
-
|
0.81
|
-
|
0.765
|
+0.145
|
Presbhd
|
65,000
|
1.91
|
-
|
-
|
-
|
-
|
2.50
|
2.99
|
+1.08
|
*Current price 2.47 multiple by 5
No comments:
Post a Comment