Expected fruitful Q1 2015 financial result. Highly undervalued and will turn negative PE to positive PE after this Q1 result. Rich in cash and stable and expanding businesses.
does anyone know how to identify if the share will have adjustment to price if given dividend ? been coming across some shares giving dividend but no adjustment and some has during the ex date
I started to accumulate at 3.30 and below today. Is a good buy for long term investment inview of consistent profit, dividend and healthy & strong balance sheet.
THIS SLEEPING BEAUTY SHOULD SHOW GOOD RESULTS THIS COMING QUARTER REPORT Q3 2015. A COUNTER WITH STRONG AND HEALTHY BALANCE AND BIG BUSINESSES OF OVER RM1 BILLION REVENUE YEARLY.
----Harrisons Holdings: an undervalued distributor of FMCG small-cap stocks.----
-Harrisons is involved in the marketing warehousing and distribution of fast moving consumer goods (FMCG), building materials, liquor products, agricultural and industrial chemicals, engineering and the operation of shipping, insurance and travel agencies.
-Harrisons’s major clients include Nestle, which has been with the group for 75 years, Asia Pacific Brewery,Malex, Maerskline, SCA Hygiene (Drypers), Reckitt Benckiser (Dettol, Shieldtox), Kao (Biore, Laurier) and Fraser & Neave.
-<In East Malaysia>.
The company derives most of its revenue from the distribution of FMCG in East Malaysia. For year 2016, the Group’s strategies will be to strengthen sales by adopting a more aggressive approach to secure new agencies and to have a deeper penetration of market especially in rural areas. On the cost side, strategies have been employed to reduce operation costs.
-<Dividend>
Declared dividend of 15 sen per share (Ex-date: 28/06/2016) , this should provide short term catalyst for the stock as it represents a significant 4.96% dividend yield at the current share price.
-<Strong balance sheet>.
Harrisons had RM124,174,000 cash at end-2015, which excludes RM20,350,000 liquid assets. In addition, net working capital (receivables + inventory -payables) was a healthy RM262,665,000. At end-2015, net liquid assets totalled RM407,189,000 or RM5.94/share. -Net liquid assets valuation. The stock is trading at a 98% discount to its net liquid assets/share of RM5.94. The big discount reflects Harrison’s small market cap role and its role as just a distributor. -Assuming apply 35% discount to its net liquid assets/share of RM5.94 valuation in view of the stock’s poor liquidity, this works out to RM3.86, which implies share price upside of 29%.
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....
rchi
20,950 posts
Posted by rchi > 2014-04-09 13:02 | Report Abuse
settled with customs at much lower costs,very postive news...all clear now,go go go.