wong ning.wah,u are so confident! yesterday bought at 1.13 , 15lots. a big cup of miloais plus 2 eggs n 5 slices of holiaw rotihorlick campur butterkaya specially 4 u yah, millions of thanks.
wong ning.wah!just know that 2,5sen div at 6/12. if bonus n warrent approved,1for3,1for 5, i think should make great profit for this counter loh! T Q MR WILLIAM WONG. U seem like "master" in investing shares ah! i read your KNM, ESCREAM,PATIMAS,EMICO,SAAG...,really like a bright sunnyday 4 me loh! TQ yah MR WILLIAM WONG.
wong ning.from my "SKY VIEW" research,my 15lots may be will make profit above rm1000, once bonus n warrent issue kaotiam! Yah,now haven't moved,when it starts moving up,u dare to follow buy at 1.20...1.30...1.40...or 1.50 ? but don't blame me if direct to HOLAN tour yah...haha.
Freight's 2012 ROE of 16.35% is good (>15%). The profit margin of Freight of 6.4% is slightly lower than Tasco and Century. But its way of doing business requires less assets as its basic earnings power (ebit/total assets)is much higher at 15% compared to those of Tasco and Century which is about 9.3%. It has higher asset turnover of 1.5 too and a good use of its financial leverage at 1.74 which both boost up its ROE. D/E ratio of 0.23 is still manageable with ebit of 18 times interest payment. Using a discount cash flows analysis of owners' earnings, and included the deduction of the value of its warrants estimated by Black-Scholes Option Pricing Model, the intrinsic value of Freight is RM1.62. The followings are data and assumptions: Current revenue: 327m Net income 2012: 20.9m Growth for next 5 years 8%, and 3% subsequently Required return: 10%, ie 6% risk premium over MGS long-term rate of 4%
Hence at RM1.00 at today's close, the margin of safety is 38%, larger than my requirement of 30%. Good buy.
Currency Malaysian Ringgit (MYR) Date interest acquired 04/01/2013 No of securities 8,185,900 Circumstances by reason of which Securities Holder has interest Purchase of 144,700 shares taking holding over 5% limit Nature of interest Direct
With the price of RM1.06 on 8th March 2013, FM is selling at a PE ratio of 8.2, which is reasonably low (<10) and fits in my value requirement. The dividend yield of FM is 3.8% (>Cagamas bond rate of 3.5%) also fits very well as a value stock. The price-to-book value of 1.3 (>1.0) is slightly above my requirement. However, as the return of this book value (ROE) is high at 17.716.4% (>15%), Its revenue and earnings have been growing at double digit rate of 13% and 18% respectively a year for the past 6 years. I think it is a good long-term investment.
"make no mistake, these r good counters, but not from si-tipu-rot-canai way of hard selling, these r good counters to BUY ON DIP ONLY."
"p.s. when a counter is constantly "promoting" by forumer appear to be very "knowledgeable", using wonderful word like "undervalue", "lots of cash flow", "growth" etc etc, u better watchout as v all learnt today :), they bought low, waiting for u to buy high"
Rub it on man! Should have followed you to buy and keep this type of illiquid stock which IBs (except one taufu bs si-roti canai here) wrote about it; nor any institutional investor bothers about it.
After somebody "um, um, um", I went in again three weeks again, but not in the mother share, but the warrant, Wa, at 28 sen just to shut his big mouth. Now let me evaluate my gain or loss.
I sold 20,000 shares at 1.09 on 8 March 2013 at 1.09, proceeds was RM21700. I bought 77800 shares of Wa at 28 sen with all the proceeds for sale of the mother shares. Now the mother share is 1.34 and Wa at 37 sen. My gain in Wa is RM7000 now, or 32%. My "loss" for not holding the mother share till now is RM5000, or 23%.
So which is a better position, hold mother share or Wa? Shit, should have straightaway bought Wa the day I sold the mother share when Wa was about 20 sen!
At today's prices, Wa is trading at no premium at all despite that it has more than 3 and a half years more to go before it expires. It has a nice gearing of 3.6 times some more. This is what we call "having the cake and eat it".
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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....
William Wong
84 posts
Posted by William Wong > 2011-11-10 16:58 | Report Abuse
william wong.around 1.10 start to collect,next few weeks u will thanks me loh, haha...don't ask me why ya!!!