Below is a quick list of prop stocks I own/have owned or monitored. Note that RNAVs are subject to changes as new developments in a company or the prop market surface; so it's not a fixed figure. These RNAVs are only my personal (and adequately prudent, I believe) estimates based on certain assumptions. To me, (1) estimating RNAV as well as (2) attributing a certain discount to a stock's RNAV are both more of an art than science; so differences between my figures and others' are to be expected.
Also note that share prices are a function of demand and supply for a co's shares, and demand and supply can be due to several reasons, of which a company's fundamentals (like RNAV, earnings, etc) is only one of many.
Stock
Share
RNAV
Disc to
Disc to
price
RNAV
RNAV
($)
($)
($)
(%)
Heeton
0.66
1.7
(1.04)
-61%
KSH
0.44
1.05
(0.61)
-58%
Hiap Hoe
0.7
1.6
(0.90)
-56%
Superbowl
0.54
1.2
(0.66)
-55%
CES
0.885
1.6
(0.72)
-45%
Ho Bee
1.9
3
(1.10)
-37%
HPL
3.17
5
(1.83)
-37%
Roxy-Pac
0.61
0.9
(0.29)
-32%
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Stocks that I had owned previously (may own again):
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Amara
0.5
1.15
 (0.65)
-57%
Â
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Tuan Sing
0.37
0.8
 (0.43)
-54%
Â
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LionTC
0.74
1.5
   (0.76)
-51%
Â
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LKH
0.71
1.2
(0.49)
-41%
Â
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Bt Semb
6.7
9.8
 (3.10)
-32%
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While I like the safety of high RNAVs, it does not mean that I pick stocks based solely on "the bigger the discount the better" (so, at the moment, I do not own the stocks listed in the 2nd table, for eg). I take into consideration management's agility and past records, prospects of monetizing of assets, dividend payout, major shareholders' honesty and care for minority shareholders, immediate catalysts, etc. Then, I decide, for eg, that CES can trade up to 70% of RNAV (ie, 30% discount) before I am concerned.
Again, all these personal targets and views are not stationary. If for eg, the govt comes up with yet another set of measures to curb demand for any type of property, then I will have to relook at the maths and adjust the RNAV discount I am comfortable with.
As stock prices rise, don't forget to take some money off the table; prudence is a good habit and being content is a good guard against greed.
Admin says:
The forum platform has moved to a new one, resulting in formatting issues as can be seen above for the table that Sumer provided. Thankfully, the above text & table are available in :
www.nextinsight.net/index.php/story-arch...s-of-property-stocks