Kuala Lumpur: Sumatec Resources, Mystock 118's next big thing could be testing 18 sen soon.
And this time its not just a play but there is beef in Sumatec. The loan which the company recently got, will see the company owing the oil and gas assets in Khazakstan.
Sumatec's board meets today and do expect some big noises coming out from Sumatec which is now ready to talk the talk and walk the walk.
DY 7.14% at 0.660(current price) hold for dividend proposed. Most of companies dropped in this few days, I don't know what is the reason to sell a company with net cash and high dividend. It's just my opinion. By the way, I will hold it.
Chinkang. Thanks chinkang. Do you mind I ask you one thing? I hear many people claim this is a cash rich counter but can you teach me where to check can let me know whether a company is cash rich? Because I checked on financial report only can see eps,nta,net profit and so on. But I can't not see whether cash rich or not cash rich? So can teach me how to check about cash rich company ? Please
We have seen how Gtronics took a free fall with his customer having problem. So, better to take a safe approach. Enterprise drive(for cloud storage) is only a small portion of HDD volume. There is a higher selling price for Seagate and WD. But the components (baseplate and cover) price is as cheap as the consumer HDD. Consumer Hard Disk Drives are replaced by Solid State Drives (SSD). So, I feel negatively of this counter. Have sold nearly all at 0.70. If this counter drop until very cheap, may consider buying again.
Situation is like.... Do you still buy a floppy disk drive vs a usb thumb drive ? Or a cassette video player vs a blueray DVD player ? It is your choice.
angielim9955 hi, actually u could get the info from qr. do read the sofp asset and the liabilities part Cash and bank balance : 442,394,000(yr2015) and short term borrowing : 120,661,000(yr2015) The difference is 321,733,000 net cash. I don't take receivable and payable into account, but it's obviously it's still in net cash status. Correct me if I'm wrong, I'm still new in share investment
Angielim, u may listen to other "Qian bei" since they have more experience and knowledge. Global market are getting weaker recently and caused sentiment sell.
Anglelim9955, a company consider cash rich is his debt ratio should be less than 10% and equity is 90%.Another word we call is company gearing in %.Formula : long term debt + Total shareholder equity = A1. Long term debt divide A1 x 100 = Percentage in debt the remain is equity. In term of Account there is debit and credit that make balance sheet equal.
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....
tim09
224 posts
Posted by tim09 > 2016-03-31 10:10 | Report Abuse
If the buying momentum continues, we'll probably see jcy @ 80c by next week. Not much news or rumors regarding the tax exemption which expires on Apr.