Since December last year, we have gotten lots of dividend. In Dec 2021 got 0.05, In April & July we got 0.03 in each month. Now in Sept, we will be getting another 0.03 and share dividend of 2%.
Total cash dividend will be 0.14 and if current price of FLBHD is 1.40, the share dividend is worth 0.028. Total dividend from Dec 2021 to Sept 2022 is RM0.168. Based on price of 1.40, the dividend yield is about 12%.
I have held this stock for years, they have always been good to minority shareholders with good dividends. Much better than putting money in the bank.
Total share buy back to date 8.36%. Once reach 10%, possibility to get share dividend of 1 bonus share for every 10. I feel the stock is undervalued due to overall market sentiment. I will keep collecting, tak kisah the price.
Yes, I have held FLBHD shares for many years. Am hoping this financial year will have same amount of dividend as in 2018 of RM0.16 per share, hopefully better. That time lumber averaged at abouts $500~$600. Quarter 1 2022, should record best profit ever and next quarter maybe 3rd best after 2021 Quarter 4. Last few days lumber has come down. But still high compared to historical levels.
Alamak, you have a very good point, I went in too early. However, based on FLBHD profitability comparing with lumber prices, lumber prices need to drop by more than half from current level to effect FLBHD profitability/dividends. Last few days, I believe is more general panic selling in reaction to interest rate hike.
Hi Bro, been holding FLBHD and earning dividends. Excited to see FLBHD waking up. Yeah, 2.25 would be good. Am fortunate to have added more when was below RM1.00. Given recent plywood prices, FLBHD being in the upstream commodity business, as a hedge against inflation, and strength of the USD; I am very optimistic about the near term prospects. Have to watch the effect of the FED increasing interest rates as this could effect RV sales. But on the other hand, it could increase demand for tiny homes where FLBHD has exposure too.
In my opinion, EPS of 16 cents is difficult to achieve. POS Malaysia still making loss, not yet turn-around despite increase in mail rates and Proton sales effected by production parts issue. First in January and February caused by the floods in Shah Alam; and recently with the Shanghai lock down for about 1 month. This will effect production in April and May 2022. I believe it will be very difficult for Proton to hit this year target of 150,000 uts. Also increase in minimum wage on 1st May and increase in global raw material prices will put a squeeze on margins. I would dare to say that is why the stock price has been on a down trend recently.
Price down because of supply chain disruption caused by Covid (chips and others) & Russia Special Operations in Ukraine effecting felt division. Cars and air-cond has many parts, if 1 part no stock, entire air-cond and car cannot be made. This will cause a dip in demand for felts as total required parts for production will be less. Heard demand from automotive segment severely effected. We will have to wait for next QR.
Good time to accumulate. Once issues have been resolved, and they will be resolved sooner or later, price will go up.
These are my thoughts......anyone have other opinion?
No wonder keep dropping. Proton market share first 2 months 15.9%. Last year was 20+%. With increase in raw material prices, cost will go up but difficult to raise prices as many booking for months and not got car yet. Pos Malaysia also keep loosing market share. Wonder how low can it go? I averaged down my price today, pick at 1.42.
If I am not mistaken, the Thailand plant will start operations this year, 2022. Maybe that is why Quarterly report said, "Barring unforeseen circumstances and assuming global pandemic of Covid-19 does not worsen, the Directors anticipate the Group?s performance for the financial year 2022 to perform better."
MCO 3.0, factories closed. Effect June sales. With Covid cases & death so high, MCO might get extended. Quarter 2 2021 results will be bad. Sell first, keep cash. Hope later can pick up at lower price.
Next Quarter will also be bad. MCO 3.0 effected sales in May and will significantly effect sales in June. There will be part supply disruption and will take time for things to recover. Probably mid-July the earliest.
Useless bunch of directors. Issue ESOS cheaply to themselves than throw like mad. At future AGM, we must be active and vote against ESOS or other benefits that directors can misuse for their financial gains.