CBC, I think you got no stance to “advise” people especially on this counter. For those you intend to buy or bought it, do you know what the company is doing? Do you know Baby G, Casio (watch and calculator) and Canon (camera) etc is their products?
Just want to give a true and fair statement, it is a good company to invest. However, I would like to highlight that the company is having negative accumulated profit due to the dividend declared is more than their profit for the year. I am not sure why the company declare such abnormally high dividend (perhaps to attract people to convert their warrants). For PANAMY, it declared high dividend last year due to they want to utilised all the Section108 balance, but for Marco, I can’t see thay have S108 balance from the Financial statement (if you all know what is Section 108 balance).
And also, the warrant is going to expired in May 2014 (next month), so we can expect the profit will be diluted and the quantity of shares will keep on increasing (as people convert it on and off). Except for the 2 above, the company is doing well and will have a bright future. My expectation for this counter is much more higher. Except for bill payables, the company has no any loan. So how much you think it is worth for this company? And also, I don’t think the negative accumulated profit and expiry of warrant is a “bad thing” for the company.
# I am working in Big4 so I will use more terms like Section 108, bill payables or “diluted”. For those who don’t know what is that can just google for it.
Stock: [MARCO]: MARCO HOLDINGS BHD
2014-04-01 11:09 | Report Abuse
CBC, I think you got no stance to “advise” people especially on this counter.
For those you intend to buy or bought it, do you know what the company is doing? Do you know Baby G, Casio (watch and calculator) and Canon (camera) etc is their products?
Just want to give a true and fair statement, it is a good company to invest. However, I would like to highlight that the company is having negative accumulated profit due to the dividend declared is more than their profit for the year. I am not sure why the company declare such abnormally high dividend (perhaps to attract people to convert their warrants). For PANAMY, it declared high dividend last year due to they want to utilised all the Section108 balance, but for Marco, I can’t see thay have S108 balance from the Financial statement (if you all know what is Section 108 balance).
And also, the warrant is going to expired in May 2014 (next month), so we can expect the profit will be diluted and the quantity of shares will keep on increasing (as people convert it on and off).
Except for the 2 above, the company is doing well and will have a bright future. My expectation for this counter is much more higher. Except for bill payables, the company has no any loan. So how much you think it is worth for this company? And also, I don’t think the negative accumulated profit and expiry of warrant is a “bad thing” for the company.
# I am working in Big4 so I will use more terms like Section 108, bill payables or “diluted”. For those who don’t know what is that can just google for it.