Wednesday, June 13, 2007

^V^ Bought 10 lots of Eksons @1.61 today ^V^

^V^

Eksons is one of d cheapest stock in timber industry, EPS for year 07 = 30cts giving u PE of 6+ @ current price of 1.61, NTA 1.70 , even if its coming EPS fall below expectation (which I think is quite unlikely due to d strong demand from oversea mkt n 9 MP), EPS for year 06 = 19.24cts is good enough to maintains its PE below 10 ^V^ margin of safety ^V^

D short fall of Eksons, volume is thin n it is controlled by major shares holder, hence, I will only top up more if i see huge volume traded by Eksons ^V^

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