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The owner keeps issuing new shares. If you held revenue since listing, your EPS remain the same from listing till today. If it go up more, the PE will become more than 200
Based on the owner's tendency, they will continue to issue more shares in the future, means no matter how much they make in the future, your EPS will remain the same or possibly decline
I told you, it doesn't matter if it can make RM 20 mil if its EPS remain flat. The share price simply wouldn't budge. Nobody is going to pay a higher price for an increasingly smaller slice of a growing pie
I am interested in this business, but I can't believe I miss the major red flag earlier. So I want to remind newcomers why ghl go up but revenue stay flat. No bargain here.