Posted by xingxian > Sep 18, 2013 01:23 PM | Report Abuse Take a look at MMODE. Similar to FIBON IMO
Posted by kcchongnz > Sep 19, 2013 07:35 PM | Report Abuse X
Is M-Mode good for a long term investment? (19092013)
M-Mode Berhad is engaged in the provision of mobile contents and data application services with platform connected to mobile network operators in Malaysia and China.
M-Mode has a fantastic growth story. From 2006 to 2012, its revenue and net income grows by a CAGR of 37% and 75 to 62.1m and 13.2m respectively as shown in the appended Table 1.
Table: Revenue and net profit for M-Mode Year 2012 2011 2010 2009 2008 2007 2006 Revenue 62070 75395 29207 22335 16129 13540 9432 Net Income 13232 12867 3425 3026 2096 1189 465 EPS, sen 8.1 8.0 2.2 1.9 1.4 0.9 0.4
M-Mode is one of the rare companies having a gross margin of over 40% and net profit margin above 20%. ROE and ROIC are high at 25% and 51% respectively, much higher than the costs of capitals and my requirement of 15% for a small capitalized company.
Quality of earnings is good with cash flows from operations higher than its net income. Free cash flow is positive every year with FCF above 50% of invested capital and 19% of revenue. MMode has a healthy balance sheet with an excess cash of 33.6m. Hence MMode is great company in every aspect. But is it a good company to invest in?
M-Mode’s share price rose by 4 sen today. At 57 sen a piece now, MMode is trading at a PE ratio of just 7.0. Enterprise value is also low at 4.5 times ebit (<<8 times). The price-to-book ratio is not excessive at 1.8.
Hence in my opinion, M-Mode is a great company good for long-term investment.
Posted by Momobear > Oct 5, 2013 08:01 PM | Report Abuse Tp of .45 is approaching
Posted by Momobear > Jul 27, 2013 06:34 PM | Report Abuse How you know it will drop below 1.72 ? Sometimes I really surprise those that can read the market and price. I have been in us market for 22 years and never see this, lately I join klci and found malaysian is capable of doing it
can share how the target of .45 approaching? maybe you're an insider? or izzit becoz our BOLIH Power of Bolihland got to you so far in Indon also ar? tank first ya :)
inwest88, i cut lost.. at 0.585 & aim to buy back at lower price. I cut lost my Fibon too & these types of counters very boring. What is the point to buy good FA but price is not moving at all.
Perhaps you are right. I am still holding both. Now hope to get MMode at 50 sen to average down ! I sold PMCorp at breakeven. Sold Hibiscus with marginal profits.
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....
hanboon25
40 posts
Posted by hanboon25 > 2013-09-17 12:31 | Report Abuse
any news heard?