It did cross my mind when Dksh started moving from rm4 but it sure took a long time for Harison to react so I dismissed that. Maybe earnings recession ending and better results ahead. Div is generally decent.
As usual I talk abt it earlier people discover later. Talk in 2013 RHB only discover in 2017.
Posted by rlch > Feb 17, 2013 10:57 AM | Report Abuse X Is the target price given in this website reliable ie RM6.49? Oldtimers here how long does this figure stand and which stockbroking firm provide it?
this counter though it is good but you keep mentioning dividend jump, is this year dividend payout is consistent? Is this company has fixed dividend policy like HAIO, Padini etc
Over the past few days JOHOR SIFU again messaged me
MORE SALIENT POINTS ON HARRISON
1) "I see, I think quite a great support at this level and will move up when it approaches dividend ex-date
2) "If anybody with Rm100 million, they will not jump into this business as margin is rather thin. They will prefer doing property business which is one off"
3) "Put it this way, nature of this type has high barriers of entry"
4) "Margin no doubt is thin like YeeLee, DKSH, but collection normally sure because if the retailers refuse to pay, they will not be able to get necessary supply"
5) "It is a good sign the management up its dividend pay out from 150 to 250 without any demand from shareholders in view of their suffering year 2014 and 2015 when company was fined by custom department (2014) and fire incident in one of its warehouse (2015). If nothing unfortunate happen, I think the company will continue its dividend payout at this amount"
6) "The amount must also commensurate with the level of share price"
7) "As it still has plenty of Cash. Above Rm80 millions Cash or even higher in the Company."
8) "Cash as standby for emergency use, in fact is excessive, it has no problem of maintaining same level of dividend of 250"
Calvin comments:
As an experienced auditor with careful scrutiny of accounts JOHOR SIFU has pointed out all these salient facts.
There is no guessing game here. Real, down-to-earth investment in Growth - Dividend based Stock like Harrison for longer term.
As he thinks HARRISON's Fair Value is Rm4.50 so as price is still below Rm4.00 it will be worth buying some if you have not done so.
A bell-weather stock in Bursa - still holding up very well during turbulent times like this. Since no share premium account don't expect bonus anytime now. If continue to give 25 sen final dividend would be good enough.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2958 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
invest_101
82 posts
Posted by invest_101 > 2016-10-20 17:54 | Report Abuse
Any news or development ? Sharp price appreciation.