no wonder muhibah & CEO Mac has been aggressively buying favco shares past few months, even though muhibbah not doing well. it all makes perfect sense now.
Muhibah moving money from son Favco to parent. Was wondering why Muhibah then in the midst of a rights issue, still spending so much money to buy favco. now it is clear.
No one mentioned about this stock one month ago. Now good news, come out and talk nonsense such as one-off gain, fake dividends. This guy @Junqi sour grape.
Maybank Investment Bank issued a HOLD rating on Favco in early 2022. Knew something is up about this stock. This is the textbook example of insider trading.
@loneranger3211 85sen is almost favco 4year total eps, 30sen is small gift for who want to buy the share and back to 4year ago, and take risk cash flow
In a market rout full of casulties, I m just happy to see that FAVCO is enjoying good return, be it in price appreciation or the eventual dividend payout. Whether you sell now or hold to receive dividend later, all shareholders are winners! FAVCO GO GO GO.... ;)
Didn't receive market color from my broker, but I know that Favelle Favco management is greedy and will give themselves high dividend each quarter so I bought a lot a few months ago.
If every year is like this then this counter deserves a rerating. If not, better don't get yourself stucked high. One tsunami comes, you will become a bagholder..
Like cantonese people always says " where got such huge toad waiting for catching on the street " ?? Use your brain to think twice before staying in VIP room permanently !
With 85 cents dividend given, i think is no harm to shareholders/ppl albeit the fears of some ppl this is a trap. In any way, this is a good company with results proven and dividends given extracted from the past records. Furthermore, is money given to shareholders and not unscrupulously channeled to other sources of unprofitable investment. Note : my opinions only.
Before the dividend announcement, this forum only has 3-5 comments every week. After the 85 cent dividend, everyone, uncle and auntie from Facebook came to comment here. Simple, because they missed out.
That type of people is just like up afraid of fox, down also afraid of tiger, best keep in Bank or no bullets already. Of course there must be loser depends on your entry point and targets of operator.
In my view, I think FAVCO is a good company with solid business. I was a shareholder. However, after 85 sen is distributed, it will effectively become a company which is without surplus cash (after balance cash is netted against borrowings). However, given its track record of past performance, it should not have problem obtaining financing from banks. Would like to hear from anyone with a different view. Please enlighten. TQ.
Since tomorrow is ex-date for dividen, tomorrow price should open low -RM0.85, OPEN price should at rm2.41 if refer to current price rm3.26. Correct me if im wrong
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Posted by investortrader88 > 2022-05-06 09:09 | Report Abuse
Congrats guys after waiting finally it fly !