@optimus, mad dog is temporary. Don't cull all dogs due to rabies. Once the panic is over, Tongher will remain investor's best companion as long as DY is attractive.
It is Mr. Market. If the price goes up, you feel happy. If the price goes down, you feel sad. Why bother about price if you've bought into something which you believe will shine in the future. If the decline of share price is something that you cannot bear, i will suggest you invest in other class of assets which doesn't offer you any change of daily price quotation.
The set of financial results for the first half of the year issued on 28 August 2017 differed from those issued on 29 August 2017. The EPS of the second quarter showed an improvement Year on Year from the results issued on 29 August 2017 while the EPS of the second quarter showed a decline Year on Year from the results issued on 28 August 2017. No wonder when the financial result of the first half was issued on 28 August 2017, investors dumped the stock. If based on the revised result issued on 29 August 2017, then it makes sense to hold or add this stock in the portfolio. What a fumble on the part of Tongher to issue different sets of financial results on 28 and 29 August 2017.
Based on Q2 Report, Tongher has:- a. Cash & Cash Equivalent of about RM153mil b. Total Debts of about RM91mil
With Q2 Free Cashflow of RM50mil (after spending RM15mil to pare down borrowing in 1st 6 months of 2017), Tongher can be soon a debt free company. What say you?
Last year end of august TH announced interim dividend 10 sens for fy 2016. No announcement of ID this year although it is in position to pay.
TH should have a dividend policy and should be more transparent on issue of payment of dividend. Currently it is on ad hoc basis depending on whims of Mr Tsai.
Based on Q2 result, PAT in first 2 quarters is equivalent to 64% of FY16's full year PAT. Tongher should report much better performance in this FY and shall see higher dividend payout.
Last FY was 30cents (10cents interim, 20cenrs final). This FY should able to pay 40cents, translate into 10.9% DY based on yesterday closing. Tremendous upside from current price.
Ironic to read some analysts are advance betting on furniture related companies to be benefited from recent natural disasters in US but surprisingly none talk about "bolts, nuts & screws" related companies. People will need "bolts, nuts & screws" first to rebuilt their house before buying furniture fittings.
According to Annual Report 2016, 16.3% of Tongher sales were from US, an increased of 34% from the year before.
More than 18% of Tongher FY16 sales are from Germany. German economy is forecast to grow by more than two percent this year - it's strongest in 6 years. Tongher shall see higher demand from this Europe's biggest economy. Germany is well known for its highest reputation for quality and design in the world. That's also speaks volume for Tongher's product quality.
Tongher has one of the most unpredictable dividend announcement record in Bursa Malaysia. - 2016 Interim was announced on 28 Nov - 2014 Interim : 2 Sept - 2007 Interim : 8 Aug - 2006 Interim : 25 Aug - 2005 Interim : 29 Aug - 2004 Interim : 5 Nov Any guess for 2017 Interim ?
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....
optimus9199
2,794 posts
Posted by optimus9199 > 2017-08-30 09:56 | Report Abuse
the calculated intrinsic value RM 5.20