b.share not the same as s.split :) btw, was juz post a comment like every1 else, but an ass bug so desperate to response. for official kfima announcement always go back to bursa web site
Posted by kcchongnz > Mar 29, 2013 05:18 PM | Report Abuse X
aiyah gark, how do you expect this fellow to fathom bonus issues is a waste of money to ib fees. From the posts he posted so far, especially those he wanted to ridicule me on fundamentals of finance, don't you know that he "mo lew tou", no substance?
Me desperate? Why? All my investment follows fundamentals; no problem lei. Btw do you know what is my average price of Kfima or not? Around 1.10 lei. What about the no liquidity stock Pintaras? About 2.00 lei. Nothing to shout about, but just to tell you I am no desperate lei. How to go to Holland?
Wah using "her" calculation: ah? Why ah? Hey I got kukutiaw one lei. Oh, I know who got no kokotiaw, the one always trying to attack me everywhere; but when I opened a thread just for two of us to discuss finance and investment, so that others are not disturbed. You know what ah? He "put char" lei. So who is her? Who got no kokotiaw?
Who tipu-curi here ah? Who is desperate here ah? I know who. Someone said that I am a "her" but I got LP one you know. That is tipu. Oh I know who got no LP; the one dare not go to the thread I specially created for both us to rant to his heart's satisfaction,whatever he wants and not to disturb others in other threads where people want to discuss share market. But he "put char" and dare not go there. So no LP loh.
I agree with Najib Zamry, be patient ,this stock is not for speculation, also watch out for TGUAN fundamental stock, Go back to history I am the first one that recommended KFIMA, wait for the the next announcement on dividend
"hold a healthy cash pile exceeding RM200m for acquisition and/or expansion purposes, and iii.) trading at low PE level of 6x forward PE multiple for a 5 core segment business."- Source from Public Invest Research on 27/2/2013. Just wondering will they take private or reward to shareholder for its cash rich/reserve in its account. If take private, just like KLCI trend now, company has accumulated enough cash and assets, then take private. Small shareholders do not enjoy the fruits.... See, Subur Ramat has been accumulated on and off....
Some senior brokers has advised me that this company has went on peak or its growth has stagnant. Hence, it will not grow for the price and the dividend too..All I know it is undervalue. Sorry, I am a bit confuse and in doubt on this.... Can anyone explain what can the company tells us that it is on stagnant growing? Just share your opinion, many thanks.
Stagnant growth means a company's business won't grow any more from now on. Did you ask those senior brokers why Kfima won't grow any more? What basis and facts do they have? Not even grow with the rate of GDP, or even at the rate of inflation?
The value of a company increases with its growth potential, no doubt about it. The stock of two companies with exactly similar business and operating efficiencies, the one with 20% growth is worth double that of the one of 5% for the next 5 years. So the fair price of the high growth company should be double that of the low growth one above. So eventually it is the price you pay, whether you overpay for growth, or underpay for no growth. Kfima in my opinion is the latter case. For those who are interested what I mean by overpaying for growth or underpaying for no growth, please visit the top page of the thread below:
We assume that Kfima will not grow any more in its revenue and earnings from 31/12/2012 onwards. Further more we assume its margin for earnings before interest and tax (EBIT) revert to the mean of 22% of the last 7 years (Last two years were 30%) for the purpose of normalizing its EBIT. Using a cost of capital of 10% and earnings power valuation, Kfima is worth 3.28 per share (See appended valuation below).
Kfima's price now 1.91. Yes the price is too far away from its value. I know some people has ridiculed me before but my valuation is about its business, not its price. It is up to individual if he agrees with, or even bothers about it. This is for education and discussion purpose.
Revenue ttm 000 472457 Ebit 102210 less income tax -21490 EBIT after tax 80720 Add average D&A 20154 Less average capex -22546 Normalized Ebit 78329 Cost of capital, R 10% Capitalized earnings=Ad Ebit/R 797782 Add cash 246001 Other investments 111492 Less debts -14325 EPV 1140950 Less minority interest -263034 EPV to common shareholders 877916 Number of shares 267972 EPV/share 3.28
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....
gark
924 posts
Posted by gark > 2013-03-29 17:26 | Report Abuse
Kchongnz why you want to waste time replying. Obiously he is having fun trolling.
Dont feed the trolls...