0.76 will be lovely, which means paying .08 for a stock with cash of 0.26 per share. For those who bought at 0.86 , don't feel bad, you are actually paying 0.18 for 0.26, it's still a gain of 8 sen. So cheer up!

My dealing with ECM, bought at 79sen in April betting on takeover, sold at 85 sen after the news feeling that the management may not give us a good deal. Now after the announcement of the repayment, try to buy back at the best price possible. It's like paying about 12 sen for a stock with cash of 26 sen per share and a small on going business, good or bad I'm not sure,but I know that I got a discount of more than 50% .

I'll buy but not now , just wait for T+3 to get a better price.

After the repayment, the share has to be at least 40 sen and above ( before splitting ) to be considered as a good deal. Tomorrow open will give us some indication ,hope for a good gap up, if not we can roughly guess the x-price .

Let's hope the management will give us a good deal.

eagleis , I seldom see you post like that . I have said that Padini no doubt is a good stock but my entry level is around 1.30; if someone wants to buy higher let it be .

With the volume yesterday and the increase in price to only 84 sen shows that the deal cannot be very fantastic , however a small gain from the deal is still possible .

OK kenlee, will take your advice , thanks .

Padini indeed is a good stock. But buying a good stock at too high a price may not give us the desired profit.

Below RM 2.00 : Multico , Ajiya , Tguan .

Padini is not a growing stock any more, it is now a grown up stock ,it's save but not much to offer, it may take one or two years to have its EPS grows to 20 sen plus region. In our market the stock with EPS in this level normally command a price of 1.60- 1.80,so how much can we expect to gain unless it's being ' goreng' . A better way is to look for stocks of about RM1.00+ with EPS about 20+ sen and having a potential to grow to 30 sen region in the future.

This is the beauty of this forum. We have a few sifu here of different skill and that saves us a lot of homework . Thanks, we appreciate your good work.

Right ! that's the spirit of the forum, just high light your opinion , exchange idea . I'm sure we all will benefit .

No way it can move to 2.00 which is the price before splitting and bonus , adjusted for the splitting and bonus this level should be 67 sen which I think may not be achieved also at this moment.

angkor, my estimated FV for this stock is quite low , It's better to underestimate than overestimate , I'll look into it again when the quote is below 1.20 x-dividend.

OK let's cheer together, Cheers......!

Hope that we won't suffer the same fate as OSK holders.

Gone counter ? may be, but I think gone in the sense that it won't fly at this moment. To drop very low , not likely, for it still has its fundamental value. Anyway I have cleared all with a small profit and if it drops below the FV I'll buy back again.

Moving forward it will be challenging ( ha ! I like the word this people use, challenging ) now that the Q1 is out and let's give it a favorable estimate for the remaining 3 quarters say 20M each quarter so the total earning for this year will be about 60M that gives the EPS as 11 sen and the forward PE as 14x. Mind you that's my favorable estimate. I'm sure you can estimate the prospect yourself.

Thanks mahes10 for your suggestion.

So am I, will ECM holders suffer the same fate ?

Yes I expect the remaining 3Qs to be better, the return in this investment for next year after collecting the 5 sen div. will still be about 6% or more.

Could you please list a few real cheap counters for us to share, thanks.

Q1 result drops, next year dividend may drop to about 3 sen from my estimate.

The price of a stock be it undervalue or overvalue has nothing to do with its nature of business
The management should focus on doing its business so as to bring in good profit to the company rather than the quote of its stock unless the management wants to manipulate
the share price to its advantage. What is the aim of trying to impress the analysts ? I'm sure it won't increase its revenue or EPS, so try to reason out why the management want to impress the analysts.

Take it this way, bonus issue gives no extra value to the share holders it's like changing one 10 dollars bill to two 5 dollars bill and to make it worst it's used as the sweetener for the right call (actually the cash call). Please watch out for this management trick.

Sorry I mixed up, what you all refer to is mudajaya.

I think that's LBS so far HUAYANG didn't propose any ESOS it has however, gave bonus issue twice , one in 2010 and one in 2011 to reach the outstanding shares of about 140M.

Mat it's HUAYANG. its EPS has improved nicely from 25 sen to 37 sen this year.

Wow ! if BIMB really moves to 3.00 the cc holders would be laughing all the way to the banks.

Wow! what a real bargain, but what about a stock with EPS 37 sen selling at RM 1.56 cum dividend of 15 sen ?

I like the 2nd condition most, comp. with good management ,can make money; honest, can take care of the profit well such as keeping some for the growth and giving some back to the shares holders as dividend which is more as an assurance that the management handles the profit properly. Some CEO keep all the profit in its coffer and manipulate it to their advantage
that is why we have to look for companies with PROPER payout ratio, not because we must have the dividend but as an indication to the good and honest management.

andyteng: DRS is dividend reinvestment scheme i.e you can opt for the company share instead of taking the cash ,the ratio for the exchange will be announced later by UOAD.

To add a few sen , possible, to fly it's hard unless the DRS is over, remember the price for the DRS has not been fixed and UOAD needs to conserve it's cash therefore the exchange price cannot be too high so as to tempt more share holders to participate , this translate into the management won't allow the share to go too far. Anyway hope it's far enough to keep us happy

WE should thank 8K for showing us that his method is not so perfect; we should be happy that we are not learning it the hard way to avoid the pitfall.

what I'm pointing out here is to use dividend especially the payout ratio as an acid test to the accuracy of the company account and not as the reason we buy share. In fact I would prefer capital gain to dividend which is a useful tool but too small as a reward .

He has the name and that is the company intangible asset.

Yes you have the point, it gives good return first to tempt the victims. That's big time fraud, it needs large capital to fish, hope it won't happen here. Anyway, if the scheme sounds too good to be true it's NOT true. But in stock the fraudulent acc. more or less is used to cover the loss and it's not necessary for the comp. to give the div. to convince the share holders, besides it's hard for the company to come up with the cash as it already suffers a loss.

Yes no hurry.

Bought at quite a high price ( 0.89 ) as I said I didn't want to miss the boat after the announcement of the news.

Looking forward it's like putting RM 1.43 ( 1.58-0.15 today's price ) for FY2013 earning, even the property sector slows down and the income drops by 20% the EPS will still be about 30 sen, and with the same payout ratio the dividend yield will still be more than 8%. Buy or not ? decide for yourself.

I have , but unfortunately I bought Just after the announcement of the proposed sale of China Property because I didn't want to miss the boat even though I said that would wait. For now it's OK to hold , I'll wait for the announcement of the result up to Q4.

As for HUAYANG let's say the property sector slow down and the FY2013 income drops 20% which means the FY2013 EPS will be around the 30 sen level, would you consider it a buy ?

I think it's not polite to discuss in this forum, this is the MFLOUR forum; I'll answer you in the LBS and HUAYANG discussion forum.

Look at the dividend, most of all the payout ratio, a stock can seem good because of fraudulent
acc. but nobody cheats to give you the money.

euscilyn, as we have discussed the FA of HUAYANG before, now the report is out, do you make any gain ?

This will be another stock with 10% dividend yield.

EPS 36.8 sen and the proposed dividend 15 sen.

I think I got his calculation he is using RM2.55 for 22x PE and this gives the value of about 4% based on the IPO price of RM 2.20.

How can the dividend yield be 4-5% when PE is 22x and the payout ratio is 75%. Based on this PE and payout ratio the dividend yield should be 3.4%.

Good translation, I don't think Google can compare. I have read through both posting. the translation is perfect , so carry on the good work.