RGB is currently at the range of 25.57% (by include recent private placement and share price at 0.165), which to me is very safe investment because it has not touch the 20% minimum threshold. After computing, I got this figures: RM 0.445. This is 269% upsite potential should the biz continue to perform at current pace. I put RM 0.445 <= TP 2 in 1 year.
Results are good. No let up in the cash pouring in. Company in net cash position now. In growth phase with wide geographical spread. Future quarters certainly to be better barring the inexplicable forex losses.
The Boat was filled with hundreds of High Quality Fish - Only One Type of Fish Were Caught - ROCK COD. Hundreds of them in one short hour. Of my 30 years fishing experience there were only less than a dozen times like this.
So I have learnt a lesson.
THE LESSON OF FISHING WHERE FISHES CONGREGATE
So Investing is Just Like Fishing.
INVEST WHERE THE PATH OF MONEY FLOWS
IN THIS CASE 11MP WITH A WHOPPING RM350 BILLIONS PROJECTS.
Hi YiStock, your articles on Frontken & RGB were good but timing poor... Gloom and doom all over the place....it's time to slowly start getting greedy. Slowly nibble as the market goes down further (if it do happen....) KLCI dropped from 18xx down to 17xx......it's rare opportunity to start averaging once again.
The management that can turn a company from loss from profit , without any diversification or dependence on contract given from the "white knight" deserve to be in my portfolio.
They are giving dividend generously once every two quarter. So we are facing a good management team.
Sometimes beside than Fundemendal and Technical Analysis, you gotta trust the management. And the management that reward shareholder a lot is a good management.
Thank you CF Trader
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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....
TSN430
186 posts
Posted by TSN430 > 2015-05-20 16:26 | Report Abuse
now i recall .... Fronken