so happy for all longterm holders since GSB time. If you recall, this stock was my fav during Investlah forum time since then. It finally fruitful with Kerjaya boss here. must thanks them lah
Juz wanna say thank you to u. Reading ur comments n two years back if i remember correctly u mention on Kerjaya n Rcecap. Bot n hold till now. Making profits.
good company is for longterm. thts why never do short speculation trade. inside those speculation play you will see lots of lousy players, they dont even know how to play/speculate even. KPPROP, KERJAYA, all good for longterm. look at management, look at owner
Was attracted by the steady growth of sales and net profit of this company over years hence spent some time looking at its financial data. It turns out that total equity is increasing over the last few years, but mainly contributed by receivables and inventories. Cash on hands doesn't change much.
Below are data extracted from 2017 Q4 till 2020 Q4
Total Equity 879m -> 1110m (+26% or 231m)
Non-current trade receivables 136m -> 200m (+47% or 64m)
Inventories 82m -> 169m (+106% or 87m)
Current Trade and other receivables 238m -> 349m (+46% or 111m)
Cash flow (net cash) 2017 Q4 till 2019 Q4: 185m -> 210m (+13% or 15m) 2017 Q4 till 2020 Q4: 185m -> 186m (+0.5% or 1m)
did you factor in the dividend payout over the period ? The company may found their optimum cash flow at this level while those excess cash used as dividend distribution ? Just curious and might need to check in detail.
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....
tws13282
357 posts
Posted by tws13282 > 2021-03-26 21:29 | Report Abuse
horray boss bought e&o