Yes. This is a good defensive counter. Very well managed. Ignored by all the mainstream press and investors, even though its earnings has been solid, even in this modern era of smartphones. I guess people really love G-Shock watches.
Somemore popular with Tony Scott (director Top Gun), Bear Grylls (Man V Wild), emergency personal, mountaineers, off-shore oil, NATO special forces etc..
Casio watch also feature in movies Back to The Future and Big Lebowski. Favourites of mine.
One thing very special of MARCO, when all the counters down, MARCO still stand strong due to its strong & healthy balance sheet coupled with cash rich.
hi guys I want to check are we going to get free warrant? if yes may I know how I can calculate how much warrant I will get? also may I know is the any fixed date for receiving warrant?
MARCO's investment short term fund: At fair value Investments in fixed income trust funds in Malaysia RM36,117,000.00 -
Investments in fixed income trust funds in Malaysia represents investments in highly liquid money market instruments, which are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.
Share buyback only helps push up share price if the company is valued based on PE. This company's PE already very low, seems like investors value this company based more dividend yield than PE. If Marco uses its RM7.5 million to buyback the shares, investors get nothing (especially for this illiquid stocks where investors cant sell their shares even if share price may go up). Bird in the hand theory, dividend payout is a better strategy.
Yes higher dividend payout is ideal strategy. It looks silly to give free warrants since the company does not need the money. Yet free warrants exercise is waste of time and money.
Dun forget comparative result is pre-gst (sure higher) and thus this quarter consider moderate, increase in sales is good sign and increase in cost mainly due to exchange rate on cost import. I believe next quarter will be better.
Is good to accumulate now and enjoy the dividend (ex-date 31 may 16, 4.375% div yield) and then wait for next qr result. I hv confident next qr is good (pre hari raya and strengthen of myr)
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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....
Ivan89
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Posted by Ivan89 > 2016-04-28 17:44 | Report Abuse
Dividend annouched!!