Tom, pls calm down first as I said market reaction surely got up and down.now is downtrend until it stable. Just keep for 0ne or two years,mflour can considered is a good consumer stock.
@samcghee sorry but not agree with you this time..... i don't like recent price movement for warrant....have to wait for the price stabilize first then only acquire back the warrant
isn't dropping wheat price is beneficial to flour making company as the cost of making flour gets cheaper and hence better margin?
I quote the write up dated 5 Aug 14 fMalayan Flour Mills - Flourishing ASEAN consumer play: "MFlour is a beneficiary of the falling grain prices. Grain prices have been on a free fall since May 2014 (wheat: -29% since May, corn: - 30% soybean: -16%) and the supply outlook is pointing towards sustainably low prices. With wheat making up 80-90% of its flour production cost and corn/soybean making up the bulk of its poultry cost, we expect margin expansion to boost its earnings."
So dropping wheat price shouldn't contribute to the drop of Mflour share price.
What if the company have orders for the commodity at higher price? Isn't that a loss?..Compare the price from January 2014, the current price of the commo is the lowest for the year.
Firstly..wheat Price is dropping..in medium term still a gain Seconly..mflour only holds 2 to 3 mths stocks which is a norm..if u tell me 6 mths..then is a loss Anyway..there will be many opinions..jusy some thoughts
Stock: [MFLOUR]: MALAYAN FLOUR MILLS BHD Jul 10, 2014 04:30 PM | Report Abuse congrats to those holding! next quarters earning will see this share officially back to "undervalued" after taking TTM into consideration. those following trend, can sell. Those who have no other alternative undervalued stock to buy, keep it! it will be undervalued again TTM by next announcement, unless the climb reaches 1.88 within this week! :)
it went on a frenzy climb hitting 2.20 (52-week high shows 2.18) at one stage if not mistaken. well overbought and suddenly hit back to 1.85 last friday.
nothing wrong with the latest report. with currently low wheat price, takes a brave man to buy more at the present stage. :) I guess first support is at 1,85 and subsequent one at 1.79 may be tested before it resumes new uptrend.
too much information will not do any good. look at the maybank report where it projects a tp of 2.7. the greedy ones loaded up their inventory while the smart ones let go. thats how it led to the falling of the price today
Further to the Announcements dated 15 April 2014, 17 June 2014, 17 July 2014 and 13 August 2014, Zelan Berhad would like to announce that Meena Holdings LLC, the owner of Meena Plaza Mixed Use Development Project ("Project") in Abu Dhabi, United Arab Emirates, had on 1 September 2014 ("Payment Date") paid a sum of AED121,638,624.07 to Zelan Holdings (M) Sdn Bhd ("ZHSB") in accordance with the terms and conditions of the SSA.
As provided in the SSA, ZHSB will recommence works for the Project on 1 October 2014 ("Recommencement Date") and is required to complete the Project within 15 months.
Why bother so much on target price by maybank or whosoever, 3 cents dividen on the way another minimum 6 cents by year end, Special dividen or whatsoever
definitly appreciated. Most important to me the company must preform well and the rest it will take care by it self. Price up or down is not an issue but dividen come is my concern.
raymond, you r right.That is why i still keeping mflour and warrant until now. This company has consisently give dividen and their financial results also showed an improvement. Furthermore, it is expanding their business. i will continuously invest if the share price drop.
The capital erosion per share is far more greater than the dividend being payout which is insignificant. It was a good sell high and rebuy low. A good investor identifies level of stress and disposes to reinvest lower, not let profits erode and claim being long term.
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....
DickyMe
14,897 posts
Posted by DickyMe > 2014-08-29 13:23 | Report Abuse
DickyMe DickyMe Time for reversal!! 1.88
25/08/2014 16:41
28/08/2014 10:55
Semalam pun sudah warning!