Dear friends of i3 Investors Forum,
At long last the disposal of Dutaland's Rm750 Millions finally reported in Latest Qtr report.
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
30 Jun 2018
|
30 Jun 2017
|
30 Jun 2018
|
30 Jun 2017
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
5,306
|
80,900
|
16,352
|
81,883
|
2 | Profit/(loss) before tax |
922
|
20,381
|
-7,409
|
10,383
|
3 | Profit/(loss) for the period |
384,322
|
14,443
|
385,702
|
11,610
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
384,570
|
14,754
|
386,443
|
12,889
|
5 | Basic earnings/(loss) per share (Subunit) |
45.45
|
1.74
|
45.67
|
1.52
|
6 | Proposed/Declared dividend per share (Subunit) |
0.05
|
0.00
|
0.05
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.5300
|
1.1100
|
With Rm550 Millions Net Cash over 840 millions paid up capital Dutaland is now Jutaland because it has Pure 65 sen Cash.
Its NTA has jumped from Rm1.00 to over Rm1.50. The Latest increase in NTA consists of pure Cash
So now Dutaland at 55.5 sen is selling at a huge 63% discount to NTA giving a fantastic margin of safety.
And another 5 sen dividend will be on the way.
What is the intrinsic value of Dutaland now
If we take Ben Graham 30% discount as a margin of safety then Rm1.50 x .7 = Rm1.05
What if we ask for double margin of safety?
Then multiply Rm1.05 by .7 again = 73.5 sen
Now if we take dividend yield of 5 sen --- 73.5 sen equals to a yield of 6.8%
That is the margin of safety we are talking about in a time of reckless punting in KLSE.
Will Dutaland moves up to Rm1.00?
Why not?
Since Dutaland's Boss holding cost is as high as Rm1.05
See
Question now is
Will Duta Yap siphon off surplus monies by buying inflated assets?
This was what happened to Puncak. After Puncak got its huge cash hoard it took triplc private at an inflated price and more cash diverted to acquiring plantation assets of which Puncak has no expertise in
And see. Rozali did not buy any more Puncak shares even as price crashed lower and lower
See
But Duta Yap is different.
See how he kept up buying & buying Dutaland shares non stop from the Open Market:
THIS SHOWS THAT DUTA YAP BELIEVES THAT DUTALAND PRICES ARE STILL VERY CHEAP. AND THEREFORE HE IS COLLECTING MORE AND MORE ALL THE TIME.
SO THE TARGET PRICE FOR DUTALAND TO EXCEED RM1.00 IS VERY POSSIBLE
BEST REGARDS
Calvin Tan Research
Singapore
NOTE: At the rate Duta Yap is buying back his Company shares there is a possibility he might also offer to take it private if retail players/investors are not forth coming
Insiders buying and buying might lead to privatisation. Of the Iskandar property stocks of KSL, Crescendo, CView, KSeng, UEMS and Daiman only Daiman Insiders were accumulating and accumulating continually
See FROM DAIMAN WEBSITE
When we buy a Company shares we are either buying pieces of the Company or in the case of Daiman they are now buying the whole Company.
Both shows that there is Value for Insiders/Directors to act.
Now. There are 3 types of Wealth. Past Wealth. Present Wealth & Future Wealth
1) Past Wealth is represented by a Very Rich Tycoon who has made lots on monies in life. Now he has amassed immense wealth. The bulk of his wealth is invested in real assets like gold, lands, houses & others of real solid value.
These assets can be converted to cash. Or from cash again invested & converted back to assets. Vice versa. Dutaland is such a type of company. There is very little risk if Insiders/Directors kept up investing their own hard earned monies in the Company & intend to see it does well
2) Present Wealth
This type of Company generates Cash & give out dividends as it goes along. Wealth is constantly being generated & given out at the same time. In good times more dividend & in bad times less dividend. So its price can go up or down depending on the market real time.
3) Future Wealth
This is like a young guy with high hope of the future. He has bright ideas as to how he will make it big in the future. Now this type of company is selling a "hope" of a coming bonanza from its hopeful future enterprise. But true success is a different matter. For everyone which succeeds there are many others which fall on the wayside.
So at best it is only a gamble
THE SURPRISING THING IN BURSA IS THIS
MOST WILL BUY INTO A HYPE AND A HOPE RATHER THAN BUYING INTO SURE THINGS.
IN OTHER WORDS, PEOPLE PREFER TO GO FOR A FAST BUCK RATHER THAN PATIENT INVESTING
NOW FOR THAT THERE IS A HUGE TROVE OF TREASURE STOCKS FOR TRUE VALUE INVESTORS
Chart | Stock Name | Last | Change | Volume |
---|
Created by calvintaneng | Aug 23, 2024
Created by calvintaneng | Aug 22, 2024
Created by calvintaneng | Aug 03, 2024
Thats why Calvin do promo lor...
Im not suggesting any buy or sell.
Pls check with your remiser for consultation.
2018-09-03 08:46
being listed has advantages to the company founders, it's not so clear-cut that if the NTA is way above price then privatisation is a good idea.q
2018-09-03 09:25
Now. There are 3 types of Wealth. Past Wealth. Present Wealth & Future Wealth
1) Past Wealth is represented by a Very Rich Tycoon who has made lots on monies in life. Now he has amassed immense wealth. The bulk of his wealth is invested in real assets like gold, lands, houses & others of real solid value.
These assets can be converted to cash. Or from cash again invested & converted back to assets. Vice versa. Dutaland is such a type of company. There is very little risk if Insiders/Directors kept up investing their own hard earned monies in the Company & intend to see it does well
2) Present Wealth
This type of Company generates Cash & give out dividends as it goes along. Wealth is constantly being generated & given out at the same time. In good times more dividend & in bad times less dividend. So its price can go up or down depending on the market real time.
3) Future Wealth
This is like a young guy with high hope of the future. He has bright ideas as to how he will make it big in the future. Now this type of company is selling a "hope" of a coming bonanza from its hopeful future enterprise. But true success is a different matter. For everyone which succeeds there are many others which fall on the wayside.
So at best it is only a gamble
THE SURPRISING THING IN BURSA IS THIS
MOST WILL BUY INTO A HYPE AND A HOPE RATHER THAN BUYING INTO SURE THINGS.
IN OTHER WORDS, PEOPLE PREFER TO GO FOR A FAST BUCK RATHER THAN PATIENT INVESTING
NOW FOR THAT THERE IS A HUGE TROVE OF TREASURE STOCKS FOR TRUE VALUE INVESTORS
2018-09-03 17:44
2 people like this.
People who like thisXCkk2266, cheshirecat
WHOA CHESHIRECAT ALSO CLICKED LIKES
VERY GOOD
SEE
CHESHIRECAT FROM FARAWAY BENTONG ALSO CAN SEE VALUE
HOW COME KL & PENANG & IPOH PEOPLE ARE BLUR BLUR ONES AH?
2018-09-03 17:46
Linus Kt you are buta
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/172274.jsp
2018-09-04 10:57
Older investor shun stock due to old history, young investor see no growth in old business
2018-09-05 19:40
small timer?
long time no see?
remember Calvin bought Pm Corp?
it later gave a nice 8 sen Cash payout!
For Dutaland it can give up to 70 sen if BOD wants
2018-09-05 20:46
calvintan, any proof yr figures for acquisition is VALID? such as the date, name and price ????
2018-09-05 21:34
calvin: you swear by ur mother that this stock is basically risk-free? Because iam going to sailang
2018-09-07 17:05
wotvr
Why no one taken it private yet?
2018-09-03 08:13