Posted by danny1 > Jun 10, 2014 01:43 PM | Report Abuse someone wrote theory after theory how good this stock...
Posted by danny1 > Jul 4, 2014 10:06 PM | Report Abuse wait until neck long!must salute kcchong come up with theory but in real life....bye bye!
I like this fellow's comments everywhere trying to ridicule me. Why? It is because I can boast around about my stock pickings while responding to his comments. Otherwise I have no chance to do so. but i actually I have no such mood to do so. Ok here it is.
I first wrote about MFCB on August 2013, less than a year ago in i3investor here:
Its share price was RM1.70 then. Actually when i write about any stock, I seldom talk about share price except to compare the price with value. I never tell people that this share of that share will go up to what price.
Now it RM2.28. Together with the dividends, the total return would be 66 sen, or about 40%, yes 40% in less than a year. This is more than twice than the return of the broad index.
"Wait until neck long"? So how bad is my "Theory after theory"?
Why you never talk about my picks in Datasonic, Prestariang, Pintaras, Jobstreest, CBIP, Willow, Homeritz, NTPM etc?
Posted by kcchongnz > Jul 5, 2014 10:39 AM | Report Abuse X
No, I am not pissed off. I am delighted because I can boast around answering your questions.
First of all how did you selectively choose the 5 stocks? Cenbond was done long ago, more than a year? There are other stocks I have analyzed, written and shared in i3investors before. The table below summarized what stocks I have shared in i3 recently.
Stock Ref Price Dividend Price now Total return Kuchai 1.20 0.00 1.45 20.8% Prestariang 2.50 0.05 4.32 74.8% Perak corp 2.69 0.085 2.61 0.2% Magni 2.63 0.05 3.2 23.6% Latitude 2.57 0.00 3.03 17.9% MFCB 2.24 0.045 2.28 3.8% Padini 1.75 0.03 1.97 14.3% Pintaras 2.95 0.05 4.38 50.2%
The total return of my portfolio is 25.7% in less than 8 months (?) compared to 3.1% of KLSE.
So I must compare with others and show you? Did I say I was competing with others? Tan KW may able to confirm this.
So I lose far behind the participants of the contest? How far behind? Can show us or not? By the way, do you know how to compute or not?
I really hope you can compute and show us. As I have no time for this. Do you know that I am so busy to teach others online finance and investment now? Don't you think I should spend my time for my students, rather than compute who is the winner of apa itu contest?
My son just joined Kc's class. I told him there is much to learn from the class esp the margin of safety he advocates in his stocks selection. It is for the long run not the quick return some stocks are giving now in this bull run. Anything above 10% per annum for long term is good. These days stocks return 10% a day so stocks returning 15% in 6months is not good enough for some people!
This MFCB Is Actually Ripe For Corporate Exercise Like Pintaras, TN Logistics or Kimlun
1) Issue Bonus Issue 2) Share Split For Cheaper Entry To Attract Retail Players 3) Free Warrants To Sweeten The Deal And A Special Dividend would really Wake Up Mr. Market!
MFCB is traded too cheap. EV/EBIT < 4 the last time I looked into it. Yes. It can afford to split to make it more expensive, at the same time more attractive to those who only know the price but not knowing the value.
It is indeed a fundamentally stong company but part of MFCB revenue is from power plant in China & Sabah. Both of the power plant contract end by 2017. Don't see any news on new business development to replenish this revenue.
I think the best option would be to give treasury shares as dividend together with bonus issue, share split and free warrant as booster for MFCB Share price and to reward shareholders.
Discount Cash Flow Model 1 Valuation on MFCB 8/4/2014
Table 6.1: Assumptions Current stock price $2.26 Share outstanding (Mil) 242,455 This year FCF (avg last 3 years) $75,000 Next year's FCF (mil) $78,750 Growth for the next 5 and 10 years 5.0% 3% Teminal growth rate, g 1.00% Discount rate, R 10.0%
Table 6.2: DCFA PV of FCFF of core operations $1,052,000 Non-operating cash $156,635 Investment in Properties $121,363 Investment in Quote share $70,889 Debts ($71,779) PV of FCFE $1,329,108 Less minority interest ($421,327) 31.70% FCFE $907,781 Number of shares 242455 FCF per share $3.74 66% MOS 40%
Intrinsic Value of MFCB is RM3.74. Potential gain of 66%!
well this, i am in the game, need to monitor., 2013 dec 31 closing was at 2.18. so consider flattish. compared to its kawan kawan bursa., if breaks down another need to make measures. so wish me luck...after all the studies......, This will keep for a year...,
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Posted by calvintaneng > 2014-07-04 22:22 | Report Abuse
MFCB or Fondly Known As "My Father Comes Back" is a good & safe stock to own.