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393 comment(s). Last comment by Kevin Khoo at Dec 2, 2017 05:50 PM
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volks2
768 posts

Posted by volks2 > Oct 17, 2017 02:35 PM | Report Abuse

no eyes c...


meiling0809
105 posts

Posted by meiling0809 > Nov 1, 2017 04:49 PM |

Post removed. Why?


meiling0809
105 posts

Posted by meiling0809 > Nov 3, 2017 04:08 PM |

Post removed. Why?


samhoo8929
15 posts

Posted by samhoo8929 > Nov 6, 2017 09:50 AM | Report Abuse

kena trap liao....


FlyFlewFlown
47 posts

Posted by FlyFlewFlown > Nov 6, 2017 04:54 PM | Report Abuse

Rubish ctr.
Thanks to Bursa Blue Ocean,promoted when 0.75
First class to Holland


samhoo8929
15 posts

Posted by samhoo8929 > Nov 7, 2017 11:22 AM | Report Abuse

guys...just want to ask...when will danco announce its q3 financial statement??


Lappier811
38 posts

Posted by Lappier811 > Nov 7, 2017 01:48 PM | Report Abuse

End of this month


samhoo8929
15 posts

Posted by samhoo8929 > Nov 7, 2017 05:01 PM | Report Abuse

really a fxxked up ctr.....trap like a big mud crab....


FlyFlewFlown
47 posts

Posted by FlyFlewFlown > Nov 7, 2017 05:17 PM | Report Abuse

Best pick by Bursa Blue Ocean: OCK-wa, TEKSENG,SYF,OWG,TUNEPRO,DANCO,MKH,CSCENIC
Good Job HUMBLE188,,,first class to Holland


meiling0809
105 posts

Posted by meiling0809 > Nov 16, 2017 05:02 PM |

Post removed. Why?


samhoo8929
15 posts

Posted by samhoo8929 > Nov 17, 2017 02:23 PM | Report Abuse

meiling0809 how many lot u buy


samhoo8929
15 posts

Posted by samhoo8929 > Nov 17, 2017 02:27 PM | Report Abuse

really a stupid counter.........


Hornet
44 posts

Posted by Hornet > Nov 17, 2017 04:33 PM | Report Abuse

Wait for Chinese New Year lah......


samhoo8929
15 posts

Posted by samhoo8929 > Nov 18, 2017 09:14 PM | Report Abuse

@Hornet sure or not...


warchest
147 posts

Posted by warchest > Nov 19, 2017 03:19 PM | Report Abuse

Lol many holland because follow bursa blue ocean


warchest
147 posts

Posted by warchest > Nov 19, 2017 03:20 PM | Report Abuse

That's holland king - humblepie


samhoo8929
15 posts

Posted by samhoo8929 > Nov 20, 2017 09:19 AM | Report Abuse

@warchest u r damn right....


CentnSenses
20 posts

Posted by CentnSenses > Nov 21, 2017 02:13 PM | Report Abuse

This stock worth > 65c.
Should propose share buy back in coming AGM. This can stimulate some buying interest.


CentnSenses
20 posts

Posted by CentnSenses > Nov 21, 2017 06:12 PM | Report Abuse

Base on 30 June 2017 financial report,

Cash equivalence 47.253
FD Pledged -1.839
Total liabilities -11.603
opex annual (est) -4.000
-------------
Excess cash RM 29.811 mil ==> 10c per share

Expected EPS (per annual) = 4c (min) ==> 56c per share

Valuation = 66c per share (minimum face value)


CentnSenses
20 posts

Posted by CentnSenses > Nov 21, 2017 06:15 PM | Report Abuse

At current price 0.46, eps/pricex100% = 0.04/0.46x100% = 8.7%
If there are no better investment that yields 8.7%, might as well buy own share at 46c.


CentnSenses
20 posts

Posted by CentnSenses > Nov 21, 2017 06:16 PM | Report Abuse

Moreover, the new factory at Perak might add some good surprises.


CentnSenses
20 posts

Posted by CentnSenses > Nov 21, 2017 06:26 PM | Report Abuse

And yes, the immediate capital gain = 0.66/0.46 > 40% .
What that of investment can yield immediate capital gain at 40% without doing nothing?


CentnSenses
20 posts

Posted by CentnSenses > Nov 21, 2017 06:29 PM | Report Abuse

Ooops, typo. Should write..
What type of investment can yields immediate capital gain at 40% doing nothing?


CentnSenses
20 posts

Posted by CentnSenses > Nov 21, 2017 06:58 PM | Report Abuse

btw, excess cash means you can take away the cash and the business still operates as per normal. In other words, the company can declares a special dividend of 10c per share, and it still can operates to generate 4c eps annually.


CentnSenses
20 posts

Posted by CentnSenses > Nov 21, 2017 11:06 PM | Report Abuse

How much shares can RM29.8mil buy?
From 46c to 66c, take the mean price of 56c, it can buy 53.2 mil shares. That is about 17% of the total o/s shares of 298 mil. I am very sure, before it can buy 5% of total shares, the stock price already reach 66c.


meiling0809
105 posts

Posted by meiling0809 > Nov 23, 2017 03:06 PM |

Post removed. Why?


Lappier811
38 posts

Posted by Lappier811 > Nov 23, 2017 03:07 PM | Report Abuse

haiz... nothing much we can do... just hold it lor... what is ur entry price?


meiling0809
105 posts

Posted by meiling0809 > Nov 23, 2017 03:25 PM |

Post removed. Why?


Alson168
26 posts

Posted by Alson168 > Nov 23, 2017 06:52 PM | Report Abuse

yes this stock really bring us to Holland, if cut loss now paint like hell or hold it like a big mud crabs


meiling0809
105 posts

Posted by meiling0809 > Nov 23, 2017 07:54 PM |

Post removed. Why?


CentnSenses
20 posts

Posted by CentnSenses > Nov 24, 2017 12:22 AM | Report Abuse

It is indeed very frustrating that stock price of such a good company is so depressed, until 40% below its fair value. Small investor who are in need of money have to force sell at such a depressed prices.

The only option to solve such problem is to exercise your right as a shareholder, to request the board to approve stock buy back (SBB).


CentnSenses
20 posts

Posted by CentnSenses > Nov 24, 2017 12:28 AM | Report Abuse

How SBB can regulate stock price to its fair value?

Let says the board had approved a SBB fund of RM3mil. It can break into equal portion for 12 months, or into 26 portions biweekly. So each month, it has RM250k for SBB. CFO can determine the fair value of the company stock price quarterly, let say 66c. If stock price fall below 10% of the fair value, i.e. <=60c, the SBB will exercise the allocated fund Rm250k to buy the company share. RM250k can buy ~446k shares at 60c (or ~543k@46c). If stock price recover above the fair value, the company can sell back the shares in open market to restore the SBB fund with at least 10% profit.

If SBB fund had used up, each year the board can determine if additional fund be added. Until the total SBB fund buy up 10% of company shares (i.e. max. allow).

This way, SBB stimulates stock trading activities periodically and hence acts to restore stock price to an acceptable level, says 60c, rather then lets it depressed until 45c because of low participants.


CentnSenses
20 posts

Posted by CentnSenses > Nov 24, 2017 12:31 AM | Report Abuse

How SBB can regulate stock price to its fair value?

Let says the board had approved a SBB fund of RM3mil. It can break into equal portion for 12 months, or into 26 portions biweekly. So each month, it has RM250k for SBB. CFO can determine the fair value of the company stock price quarterly, let say 66c. If stock price fall below 10% of the fair value, i.e. <=60c, the SBB will exercise the allocated fund Rm250k to buy the company share. RM250k can buy ~446k shares at 60c (or ~543k@46c). If stock price recover above the fair value, the company can sell back the shares in open market to restore the SBB fund with at least 10% profit.

If SBB fund had used up, each year the board can determine if additional fund be added. Until the total SBB fund buy up 10% of company shares (i.e. max. allow).

This way, SBB stimulates stock trading activities periodically and hence acts to restore stock price to an acceptable level, says 60c, rather then lets it depressed until 45c because of low participants.


CentnSenses
20 posts

Posted by CentnSenses > Nov 24, 2017 12:43 AM | Report Abuse

QR as expected, on track for annual eps = ~4c. Sufficient for a 2.8c dividend payout (70% payout). Yield=6% at current price of 46c, or 4% at fair value of 66c.

Not too bad as revenue had sustained. Coming quarters should see better results as:
1) CPO production is rising and plantation companies are increasing their capital expenditure again.
2) New Perak factory in operation.


CentnSenses
20 posts

Posted by CentnSenses > Nov 24, 2017 12:45 AM | Report Abuse

The company already distributed 0.75c dividend.
That means next quarter could declare another 2.05c dividend.


Rui Yang Fann
2 posts

Posted by Rui Yang Fann > Nov 24, 2017 10:09 AM | Report Abuse

Hi CentnSenses - I thought a significant chunk of the cash came from IPO proceeds. Hence, that is part of the equity which I suspect that they will be doing share buyback. *Correct me if I am wrong*


Chong Jiunn Hau
429 posts

Posted by Chong Jiunn Hau > Nov 24, 2017 10:45 AM | Report Abuse

IPO proceeds are meant to invest in business, not SBB. If they use the IPO proceeds to buy back the share, I will sell all my share immediately.

Share market is a voting machine in short term and weighting machine in long term.

It won't goes wrong with good fundamental company for long term.


CentnSenses
20 posts

Posted by CentnSenses > Nov 24, 2017 12:07 PM | Report Abuse

The company generate >10mil in profit each year. 70% as dividend. 30% as SBB. That is perfectly viable. The size of SBB can be adjust as feasible to its financial capability. There is no need to add new SBB fund each year, only depend on market condition, and once allocated need not necessarily use up either. Company can set the policy on how this SBB operates.


I am opposing SBB to chase up stock prices to unfair level. But under highly depressed price, such as now ~40% below fair value, why not allocate some fund for SBB? SBB will be profitable, and eventually shareholders get the benefit too. After all, SBB is a legitimate tool to ensure stock price are fairly reflecting company's fundamental. Most listed companies have SBB.


CentnSenses
20 posts

Posted by CentnSenses > Nov 24, 2017 12:28 PM | Report Abuse

Yes, IPO proceeds are not meant for SBB. I read somewhere, said SBB fund can be allocated from company reserves (i.e. retained earnings). This company has tons of it.


Chong Jiunn Hau
429 posts

Posted by Chong Jiunn Hau > Nov 24, 2017 01:33 PM | Report Abuse

I do not agree to use SBB to regulate the share price, company shouldnt involve in price regulation.
SBB should be use on reducing the market total share (buy and cancel it, leads to increase in EPS) or treasury shares to give as bonus share to shareholder in the future.


CentnSenses
20 posts

Posted by CentnSenses > Nov 24, 2017 05:30 PM | Report Abuse

Those are just a few ways to treat SBB. I did come across some company resale SBB share back to open market. It followed with a bursa announcement. It's all pure accounting. It depends on how you want to manage and use it.

Compare with other business undertaking such as operation expansion, or buying stake on other companies, SBB is like investing in itself. It showed "the company has great confidence in itself." It sends strong signal to investors.

What will go wrong if you buy a company with good fundamental at a "great discount"? I am sure the accountant know how to make the best of it.

Whether the board will approves SBB, let the shareholders decide.


Chong Jiunn Hau
429 posts

Posted by Chong Jiunn Hau > Nov 24, 2017 06:55 PM | Report Abuse

i bet those companies which are buying and selling their own share is not a fundamentally strong companies.

Good company won't buy and sell their own share, they put their focus in the business instead of their own share price.

Pecca has SBB policy, but with good intention: buy back 10% shares from market and waive it. This is indirectly increase the EPS by 10% OR reduce the PE by 10% OR extra 10% of the dividend. Whatever it is, the shareholders know the benefit is coming in the future.

So shareholders should ONLY support SBB for
1. collect and waive
2. collect and give to shareholders as bonus share

Is a no no for price regulation. If the stock is under value, it will goes back to its fair value, just a matter of time. THE MARKET IS ALWAYS CORRECT. 0.455 is the "fair" value for DANCO given by the market at the moment.

By looking at the volume, I would say this is the consolidation period for DANCO before it flies. Be patience and we shall be rewarded.


Kevin Khoo
414 posts

Posted by Kevin Khoo > Dec 2, 2017 05:50 PM | Report Abuse

https://www.facebook.com/KLSELION/photos/a.878187689007766.1073741833.848454415314427/878188125674389/?type=3&theater

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