Cash is King, but if d company management is not efficient in allocating its FCF so much corruption going on. I will rather have a foolish boss, than a super intelligence but run the show like crocodile! Cash is not everything, the company must know how to generate organic growth, every years n every quarters. Did you check how PepsiCo, one of its company Yum Brands, manage to have minus FCF, quite high total debt, but mange to settle its debt within 3 years. Dat is how strong its earnings growth. Other company without strong earnings should be dead.
Dat why Sir Isac Newton lost so much $$$ in d South Sea company. He was a genius, but many geniuses never earn much $ from business venture or investments. U need to think, sleep n dreams like a businessman, if u really want to earn some $$$ in the stock market. Mr 'Market' can be very cruel n unforgiving or irrational, u got to take advantage of this Mr 'Market'. Buy when he is crazy and sell when he so optimistic.
They have consistent track record and healthy balance sheets (if u strip out Seremban engineering debts, u will be surprised how low the net gearing is)
The above figures prove that the notion that the Success Group's transformer and lighting division rely on debts to fuel growth is incorrect
These divisions deliver consistent earnings to the group year after year without using much gearing
The recent "high" gearing is mostly housed under Seremban, which is only 60% owned and has no recourse to the other profit centres of the Success group
At a later stage, Seremban will be demerged by way of distribution to success shareholders as its business of oil and gas is totally not related to transformers and lighting
When that happens, Seremban debts will disappear, returning Sucess to its pristine position
Posted by Icon8888 > Oct 23, 2015 02:52 PM | Report Abuse I bought at 140 after carefully studying KC's article
That is the difference between a smart independent thinking individual who can take other people's opinion constructively but study careful for himself and makes his own decision.
I didn't read anything like bullshit, misleading, stupid, or any other degrading words used although I wrote something not positive for stocks you hold.
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....
AndK
208 posts
Posted by AndK > 2015-10-20 22:54 | Report Abuse
Success has attracted funder.. gud news. Wil it broke 2.00 tml?