BOUGHT 5,000 SCOMIMR @ 0.575

 

SCOMIMR quarter results posted yesterday. Let me explain this in layman's terms.

Look at the quarter report:
NTA -> Company Asset -> all the way up 1.22 to 1.40 -> larger company now compared to 3 years ago
Quarter repot -> Profit -> Improving 1.45 to 3.48  -> making more $$$ now compared to 3 years ago
Revenue -> Total Sold Products -> Sustainable -> business as usual for the last 3 years

Look at the 5 years chart:
SCOMIMR has nothing change, but improving.
Let's do a simple math. Let's target in the next 5 years, what will be the price for SCOMIMR?
We can simply take the highest minus the lowest from the past 5 years chart (2.7 + 0.3) /2 = RM 1.50

Well, the above is just a quick scan through for a pontential good stock. :=)

Uncle picks calculated the Target Price, and the answer is RM1.00