I dont want to persuade anyone away from this stock, but I do have a close friend that is working high up in this company. He says that Khind is suffering from increased competition in the electrical industry, both manufacturing and maintenance. They are struggling to gain ground in the property sector as well. I have more details but I dont want to get him in trouble.
I looked at previous year announcement, normally it announce its 2nd q result by mid of Aug, this quarter is a bit late? has been holding it since months ago and caught at 3.1 level till now...I think it is hard to recover. 2nd q FY13, it hit 16.04 sen EPS, I think it is a bit hard for KHIND to repeat this good result...
Anyway, Khind may be not the best but it's much better than many. Guess you agreed with me otherwise, you would not have put your hard earned money confidently in it.
Invest123, i have same view as you. My question wass to get different view from you. If Khind got privatise, it will be great lost for investor. So far, i can see the earning for this counter is consistent.
It is going to hit the lowest sales in FY2014. Last year they had just hitting the historical high thanks to the good leadership under the group COO which they hired 3 years ago. However, his aspiration is currently hitting a stumbling block and morally low. Internal conflict will not an issue easier to be solved in short term. Short term will not bear fruit on this counter again unless the owner goreng again himself.
I like this business and the mgmt style. I have been accumulating whenever at attractive price thru automate buying. Just keep it for long term growth and dividend. I did nothing, sleep well and collect dividend annually. There is no frustrating and no time wasted on monitoring. .
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....
sharkinvestor
20 posts
Posted by sharkinvestor > 2014-08-19 16:18 | Report Abuse
I dont want to persuade anyone away from this stock, but I do have a close friend that is working high up in this company. He says that Khind is suffering from increased competition in the electrical industry, both manufacturing and maintenance. They are struggling to gain ground in the property sector as well. I have more details but I dont want to get him in trouble.