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.... ;)
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.
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....