Malayan Flour Mills Berhad (MFM) is engaged in the business of milling and selling wheat flour and trading in grains and other allied products. The Company operates in three segments: flour and trading in grains and other allied products, which is engaged in the milling and selling wheat flour and trading in grains and other allied products; feeds and trading in feed ingredients, which is engaged in the manufacture and sale of animal feeds and related raw materials, and poultry integration, which is engaged in the processing and sale of poultry products, breeding and sale of day-old-chicks, sale of eggs and contract farming activities. The Company's subsidiaries include Vimaflour Ltd, MFM International Ltd, Mekong Flour Mills Ltd and MFM Ltd.
powerwk@Abudance - why you think they will distribute dividend end of March?
@yfchong - either 3 or 6 cents are good enough. But not sure why you al think there is dividend distribution.
AbudanceLook at the trend of Mflour. It used to give higher dividends. Look at quarterly report last night, used to give in March. So, hopefully we got "Ong" to get special dividend as they open Indonedian factory last year ... mFlour also keep moving like snail ... Upwards! Better than downwards, ya? :). Read also PBB opening flour mill ... Another competitor :(
powerwkThanks Abudance. Now I understand where you coming from.
1. Slow like snail but as long as it moving up slowly and give out dividend then I'm more than happy since I'm going to hold for long term. Unless something happen later or in between that the company no longer a good long term investment target and the management also did not do their good job.
2. In a mature market, its always a good thing to have a competitor and not the only one that monopoly the whole market. This way everyone have the chance to improve and move forward and be creative and plan a better business strategy. So I welcome PBB into flour mill business.
3. If their management is far better than Mflour then we can also consider a switch. We are invest for long term and future :-)
AbudancePowerpk, look at the trend. Brfore the splitting of shares, it gave a 62 sen dividend. Then they had problems with mill in malaysia. Then it dropped from rm2.20 plus sloely drop to rm1.20. Then they open in Indonesia and now its profitable again. Since then from rm1.20 its been chugging along the slow Choo-Choo train till rm1.62 now and has given 3 plus 6 sen dividend. So waiting to see if will give another 3 sen dividend end march ... :)
powerwkhaha... thanks Abudance for the sharing. I know some of the history and background too. I am old man and does not really care for the choo choo train. Most importantly at the end of day like 2 to 3 years from now the share price on the uphill trend in general. Of course they will go downhill some time but that is okay. Same old thing as long as we are buying good counter and with good management we are in good shape. Even it drop now they will go up back slowly, just a matter of time.
I do wish if they given another round of dividend does not bother how many cents :-) since I invest long term so just want to see the consistent grow of the company and their future plan.
Let see how they do in next 5 days transaction. I'm just looking for one cents up per week..... maybe should called choo choo choo train for some folks.
yfchongMy assumption simple., for every Q they are generating EPS 4.5 cts, yearly EPS 18 cts., they do not need addition money for expansion unless the said Myanmar plant, tat appeared in the highlight 1 or 2 years back. So simplicity, likely there would have payout regardless small or big. cheers.
powerwkTo certain extend I agree with yfchong. There is possibility that they will keep the money for other purpose instead of distributed to share holder. Whatever the management try to do they will think twice before they implement it. I have confidence with the current management :-)