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If you check the stocks list, you can easily find very high PE ratios...
Expectations can run wild in some cases...
But not all are 'wild' expectations... :)
The PE is now 83.3 times. Does it mean that it is extremely expensive now ? If base on FA, one should not buy ?
what is the objective for the TV exposure and which channel will be it?
Vested
the IR projects are good to have.BBR has indicated all their resources are tied up with existing projects which is a very good sign that they will return good numbers soon. Contrary to what most believe that they must be involved in the bidding for IR projects, they are doing well.
For those who think BBR had placed a bid in IR project(s), please kindly refer to the reply from the company on 30th Mar 07
Of course other news may still bring up the price of BBR.
http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/ad919d4a7df473f1482572ae004f5581?OpenDocument
CLARIFICATION IN RELATION TO THE STRAITS TIMES' ARTICLE ON 28 MARCH 2007
| The Board of Directors of BBR Holdings (S) Ltd (the "Company") wishes to clarify in relation to The Strait Times' article of 28 March 2007 headlined "Bullish sentiment on construction boosts market". Paragraphs 6 and 7 of the article stated that "Construction stocks were in play with heavy volume recorded on rumours that soils and piling contracts for the Marina Bay integrated resort will soon be awarded. Buying interest was particularly strong among counters like Yongnam Holdings, CSC Holdings and BBR Holdings, seen as being in the running for the coveted contracts, though the value of the deals is not yet known". The Board wishes to clarify that neither the Company nor any subsidiary within the group has submitted a quote for the piling work as our resources are currently committed on other projects. |
Ninjaturtle I agree with you but maybe not Goldman Sachs but other investment houses. I am going in on Monday to buy more at 15 or 15.5 cents before the TV aires BBR. Strongly believe that it will indeed move beyond 21cents soon.
BBR will be the next counter to be covered by Goldman Sachs after Yongnam and CSC. It will be on TV on 26 April. Suggest accumulating now before it cheong up to 30cents.