whao.. someone just dumped 1 mil shares in the market.. ahahahaha

sbb in action again.. added WB at 66 cents...

Yes understand your viewpoint.. FCF is important, but we have to see the whole picture.

With poor FCF, I forsee there will be a minimal dividend for years to come.

But I like their aggressive expansion into Indonesian lighting market..their ability to compete against local and Chinese manufacturer with healthy 10% net margin is a good sign.

Success should at least garner at least pe 8x... similar to other counters of same standard. PE 4x is wayyyyy too cheap for a profitable and growing company.

kcchongnz.. where else can you find a profitable pe 4x company in KLSE other than those dodgy china based ones. Success owns Seremban engineering bhd which is doing lots of OnG jobs right now, which is sucking the capital hence no free cash flow.

value play.. pe 4x..

It is also holding 70 mil in foreign stocks - under hold to maturity investment.. also FOC

So many FOC.. if I am owner will quickly privatize this stock..

Cash & AFS investment holding is already 57 cents/share, 36% stake in Inari already worth 46 cents/share. The rest of the business like brokerage company, 150 mil worth of land bank, retailing, car rental, shares in gleneagles, ho hup, formis all FOC..

RNAV calculation for this stock is RM 2.38.. even selling at 30% discount to RNAV it is easily worth 1.65.. matter of time.

allan88 MBSB wants this rights issue to have the same capital requirements as bank. The CEO have said many many times they are going to be a full fledged bank, either by themselves or previously merger with RHB.

Looks like they are going to do it by themselves...once they get the banking license, they will not be trading at such low PE like now...

owner buying back shares... at 1.95-1.96

cytew.. yes you are right on the 13 cents from LA, did not see that.

So the cash/share is actually 28 cents and not 40+ cents...

so now the calculation is :-

cash 265 mil / (633 mil + 563 mil LA) = 22.1 cent/ share...

even if the LA is not converted.. it is count as shares for net cash per share calculation...

Don't forget... the LA count as shares too...

depends.. if mother price keep going up, OR will be more valuable..

But most OR will trade at discount to theoretical price..

since 1 OR for 2 existing shares.. means 25-30 cent upside...for mother shares.

Due to the calculation above I believe the OR will be traded at 0.5-0.6 / share

Theoretical ex. rights price MBSB

Current Price x shares + subscription price x rights / total shares

((2.75x2)+1.65)/3 = 2.383 ex rights

Which makes the rights OR is worth = 2.383-1.65 = 0.733 / rights share

Ex rights date already announced... 30% discount from ex all price... very good bargain...

LTH no sell liao ah.. wait price go up first... :)

How much more LTH have to sell...hmmm

sbb 3,090.500 shares @ 1.77 to 1.79, total 60% of volume

sbb buy 3.2415 mil shares at 1.78 to 1.81 at total 60% of traded volume to 8.09%

looks like sbb back to defend the share price liao...

i believe they will opt to cancel, they have nothing to lose all shareholders gain.

sbb back in action!

you make some volume loh...

also PB Islamic Enterprise fund - 0.17%

EPF, ASB and ASM no need to be syariah compliant. LTH 100% yes.

looks like buying range getting lower and lower...and volume lesser..

unless you can prove it...

Well in the eyes of the law, they are separate entities... unless someone can prove there is some sort of collusion with Can1 to cheat minority shareholders...which will not be likely as the director is working with EPF.

kfima ASP for CPO is only RM 1,861/ton? Either their CPO quality is substandard or they sold too cheaply...

but kudos they can still make 15% net profit at these kind of CPO price...

You can rant all you want.. but the votes matter, can1 and EPF have way more votes than you guys minority. They will not offer takeover unless they already done their back room dealing with other big shareholder.

but then again cpng... minority cant do much.. you just dont have enough votes.....

Basically both can1, kian joo and boxpax is being screwed....

winner is the director of can1 & EPF...

icon888 don't forget canone have debt of 302 mil + 165 mil.. the money from selling 32.9% stake at kian joo @ 482 mil will be all gone to pay off the loans.

Shareholder will likely not get anything... and you are left with the remaining business of Can1

offer to aquire at RM 3.30... so little premium...

Fima corp results is best since 2011... so there will be significant upside for Kfima's results tomorrow as it owns 50% of fimacorp

Net cash, good margin, low PE, mostly export USD income, consumer stock...

pe 4.7x .. like that also can ...

CBIP plantations...

Sarawak Plantation - 11k+ ha (effective share) - 7k+ has been planted and matured

South Kalimantan - 65k land, 63k plantable - 4k+ has been planted. 6-7k per year is expected to be planted and new palm oil mill added as the plantation matures.

CBIP looking to acquire another 35k land in Kalimantan to bring plantation to total 100k

go to cbip webpage look under presentation...

Details out today.. last 5 day share press down is sandiwara to get VWAP price low for rights issue...

2 rights for every 5 shares held. Rights share price is 2.04 - 21.2% discount to VWAP price of 2.59.

59000 hectares..

someone is finally recognizing the 40k ha planted in 2008.. about time to be fuly matured in 2013 and bear good yields..

MBL is the world leader in kernel crushing plant and holds patent expiring in 2014, hence pioneer tax free status until 2014 as well. This is their moat, but depending if they are able to renew thier patent & pioneer status once expired is the big question.

Every one can build a palm kernel expeller, but is it to the efficiency of MBL?

your 100% gain is in the bag already...

kcchongnz, looks like a coincidence... look at his other articles, quite well thought out as well.

I don't think he was merely copying...RM 3.30 I agree is a fair value for Kfima as most of it's business is cash cows

CPO price nearly RM 2.6k already all plantation zoom...