Steel price way higher than 2020. Inflation is creeping whole world. Wait till Fed starts taper and real inflation story will be unleashed. Cant print all the money in the world and expect prices to stay the same (plus logistic and supply chain issue).
Steel is a cyclical commodity. So when you look at Astino performance, you should do so over the steel price cycle. Over the past 14 years, the company achieved an average ROA of 7%. In comparison, the mean ROA of the Bursa steel companies averaged only 1%. The company outperformed the market. Visit my site for more insights on the sector performance.
Astino has 111m cash, 144m inventories and 93m in accounts receivable. Hence, its total liquid assets and cash is Rm349m 2The company has short term and long term debts of 14m 3 When you take 349m minus 14m, you would notice that the total net liquid asset is Rm335m 4. The company has 493m issued and paid up share capital. Hence, the liquid cash per share is 335m / 493m is 67sen
5. Considering that the share price is currently trading at only 63sen, it is an insanely and unbelievably a cheap bargain.
6 If you buy Astino at 63 sen, it is not only below its liquid cash per share of 67 sen you also get 181m of properties, plant and equipment plus 47m of investment properties or a total of 228m assets for free.
7 WOW, Is there a big fat toad jumping all over the streets?.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
HamsterHuat
2,852 posts
Posted by HamsterHuat > 2021-08-02 01:07 | Report Abuse
i have been saying ASStino..
Even with BI also a crap.....
Really ASStino