18 sen to 24 sen ? Have you been to the Snake Temple lately? Got your inspiration from the Snake God?
Yes, Company is doing well. Look at the directors pay and stock options. Can't say the same though for the minorities shareholders. Dividends to date ZERO.
Icon8888...i read all your posting everytime and u had put in lots of hardwork on writing with all the article, facts, analysic etc...but i opine current price for RGB ald price in with what u said and max will achieve at 0.20 with current profit...we have more other option for other better counter if u ask me to chose. Tq
Dear Koon Bee, thank you very much for your constructive comments. You are right that RGB is not really that undervalued.
The benefit of writing is that it forces me to clarify my thoughts, thereby allowing me to gain insight into many little little details that I wouldn't be able to see if I don't write.
I only have a little bit of RGB. I hope I will have the opportunity to buy more in the future when a major correction happens and price is attractive.
I like to read Icon article becoz he writing with valid data and most importantly he discover a good company and sharing v us (usually 1-2 quarter profit start turn good)
Not like other after sapu semua and the profit achive + after 5-8 quarters just sharing the info.
that is why this group of people like to read icon article!!
what is "po lan pa" ? ha ha I learn a lot of interesting lingo from i3
this morning, one forum member hammered me kow kow and said my target price of 24 sen is "snake temple wishful thinking", ha ha... very creative way of scolding people.
contango 18 sen to 24 sen ? Have you been to the Snake Temple lately? Got your inspiration from the Snake God?
Yes, Company is doing well. Look at the directors pay and stock options. Can't say the same though for the minorities shareholders. Dividends to date ZERO. 17/12/2015 09:33
Okok...you are one of my sifu..i learn lots from your research post...pls continue and dont down because of small little voice from those ppl that hammered you...if they dare to harm u again, i go kick their butt
Yes,the name of koon bee is very very powerful n Ong one...if u participate into 2016 competition u may turn out to be the champion.....trust me...as for me,I aim for free tips from OTB....hope to be one of the top 3 losers...
To become loser u need to spot the counter get into P17 like kenmark, fountain etc years ago, spot counter get margin call like hisbisc, spot counter with goreng high and water fall like harvest, cybert, nicorp years ago...etc etc etc
Aiyoo, Icon8888, i think you need reading glasses. I never said " wishful thinking "....
I do agree with you when you said :-
" once the company puts dividend money in your pocket, all resistence will melt away. That is when the stock will really shine and defy gravity. "
As you pointed, all the profits growth of RM13.6m was due to the decline in depreciation of RM15.3m which means that all the organic P&L growth and more went to pay the directors salaries.
Let's hope they have the decency to do a good dividend payout when they release the Q4 results next year. With the more than RM60m ( annuallised ) cash flowing in, they can well be able to do so.
Don't worry I not angry with you. As I said, I found your choice of words (snake temple) very refreshing. Next time I will use that to hentam others, ha ha
Before I undertook indepth study of the group, I thought it was a marginal player that supplies equipment to gaming operators on adhoc basis.
However, now my perception has changed completely. I view RGB as an established player with the requisite skills and resources to compete regionally. It has a long history of operation, is well managed and has stable business operation.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yctee
77 posts
Posted by yctee > 2015-12-17 08:48 | Report Abuse
Good write up