Transmile Group will burn your hands
Transmile Group (7000) is making the headlines of late. Started by the Kuok Group, Transmile provides transportation for goods, aircraft engineering and maintenance services for aeroplanes.
With heavy volume of late and sudden resume from suspension, many retail investors are jumping into the bandwagon hoping to make a quick gain from Transmile Group.
Not only that, retail investors are also hoping that Transmile Group fortunes will change as the Kuok Group the one running the show.
Beware of the downside of Transmile as they are facing heavy losses quarter after quarter. The counter might be up due to manipulation (goreng).
I for once will never invest a cent on Transmile. The reasons are simple. Companies that are making losses will never interest me at all.
Not only that, with heavy losses the price earning ratio (P/E) is negative. Guess what, Transmile group is making a 42.508 million ringgit lost with a -16.22 earnings per share value for the first quarter ending 31st March 2009.
Isn’t those figures frightening? Transmile is a short term pleasure and long term pain kind of stock. Avoid at all cost.
Latest Transmile Group Quarterly Report
Conclusion
In my early days of share investing, such stocks are my favorite. I will invest based on news, rumors and sudden spike in volume without caring about the financial of the companies. Not anymore and trust me, Transmile will bring you more pain then gain! Mark my words…
If you like my kampung style investment blog, please subscribe to our full feed RSS. You can also subscribe by Email to receive all latest investment updates. Don’t miss out!
(No Ratings Yet)
Loading ...
