This is a fundamentally good turnaround company, so be patient. Don't look at a few days of trading volume and a slight correction and then worry big time. Yesterday's volume was fabulous at 10.249 mn shares traded and the stock price shot up 2 cents to 56 cents. Early in the week was a fabulous time to accumulate.... Now you pay a slightly higher price.
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[Guest 29-11-2012]:
Why nobody interest in jaya?
Agree this a a grossly undervalue stock with intrinsic value of S$1.10. Take patience for food to be harvest. Dont worry.
1)It income is getting clear with 180m of charter passive fund coming in the next 1.5mth.
2)Other then that she share 6 vessel for delivery in 2013 and 2014.
3)They got a refinancing on 7 Nov and the convanent for dividend is lifted therefore S/H should be able to reap some rewards from dividend very soon.
4) Venture with IHC should see some synergies gain from newbuild in the mid term which will be a potential catalyst for stock again.
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[Power 01-12-2012]:
This is a fundamentally good turnaround company, so be patient. Don't look at a few days of trading volume and a slight correction and then worry big time. Yesterday's volume was fabulous at 10.249 mn shares traded and the stock price shot up 2 cents to 56 cents. Early in the week was a fabulous time to accumulate.... Now you pay a slightly higher price.
[hr]
[Guest 29-11-2012]:
Why nobody interest in jaya?