kingb , no need to be greedy lah ! UP 50% one day can make us laughing all the way to ice cream shop to lick and suck yummy ice cream to celebrate already lah !! Hahaha !
Bullish , I even trace back to past record, LKL experienced huge loss as pe my writing :-
"LKL :- suppliers of mainly medical beds and health care accessories, their products can be produced all over the world, losses reporting for past 2 years, last 4 Q total loss = -0.37 (horrible, almost wipe out their NTA !) "
And many other over-hyped companies like HLT ! They didn't perform with good results previous years ! Not with minor losses but huge lossess that almost wipe out their NTA into PN17 !!
That only reflect the skill, prudence of their management , if they are lousy , they can bring the whole co into deep shit !!
Ice cream keeps showing profit consistently , although dropping for the past few years due to cyclical glove industry's downturn , for the industry's upcylce, they will be producing good profitable QR comparing to those lousy-performing companies !!
My future PE calculation :- If a year annualized profit = 4 ct (realistic as per their best 4Q total in 2016), and net cash of 10ct per share (excluding from PER computation) , PE = 20 (conservative) , fair value = 80ct + 10ct = 0.90 PE = 30 , fair value = 1.20 + 10ct = 1.30 PE = 40, fair value = 1.60 + 10ct = 1.70
remember, this is a company with proven track records for accurate estimate, unlike those loss-making company you just can only fantacize their profit & PE !!
If they can deliver 5ct EPS, (also likely as higher demand than last time round) :- PE = 20, fair value = 1.00 + 10ct = 1.10 PE = 30, value = 1.50 +10ct = 1.60 PE = 40, value = 2.00 + 10ct = 2.10
From the lowest of 0.90 to highest of 2.10 as valuation, divided by 2 => 1.50 as median fair value
I dont think tomorrow will go below 70cent since all other glove stock limit up. Tomorrow sure gonna go above 80cent, will follow along with other glove stock. Maybe the next day have correction little bit before hit rm1... just my view
Where is Mickey Mouse ? Btw, thanks for the journey everyone especially Lewis, Calvin, OTB. I took profit and shifted to Supermx after hitting my personal TP. (You may check out the warrant for C88 =] ). Lastly, I sincerely hope you guys can gain from this counter and reach your expected TP.
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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....
Ikigai
172 posts
Posted by Ikigai > 2020-06-01 16:40 | Report Abuse
ice cream syok