yes... just keep. for so many years... the asset value the same... land price increase... why same? for so many years.... the dividend damn... so low... so the company has kept the profit in the piggy bank.... for so many years.... the mgmt is do conservative.... money is still in the piggy bank...
come on.... give special dividend... bonus share etc,!!!!
i switch to MHC after compared both of these counter annual report...MHC owns quite number of cepat and it is cheaper and undervalue than cepat. In such bad sentimental time, sure it is safer than cepat
steve, The profit is not in the piggy bank. Look at the borrowings of the company.
The management use (RM7M x 6) = RM42 million to buy so called "high-end residential property" in Damansara Heights last year which is totally not related to the business as a plantation company.
I just couldn't find any reason to justify to own of such "high-end residential property" last year.
check the monthly production figure , very small, 5000 tonnes CPO per month,look like a small plantation holder, .....the big share holders are property developer, ..so you see the link, explaining why the need to buy high price property.
Commentary on prospect: The Board is confident that the Group's prospect remain brighter as CPO and PK prices remain strong for the near term. The Board also expected a recovery of FFB production in mid 2017 and a higher contribution from Power Plant Segment with the upgrading of Biogas Plant from 3.0MWh to 3.8MWh
abab... RM 1.70 is before split.... see the spilt... Mah family aldy made 1 round.... now cepat is worth more than 1.53 nta if all lands are re-valued. See the NTA from 1.4x to 1.53... not much changed... hehehe.... damn...
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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....
steveooikp
4,689 posts
Posted by steveooikp > 2017-01-03 11:16 | Report Abuse
yes... just keep.
for so many years...
the asset value the same...
land price increase... why same?
for so many years....
the dividend damn... so low...
so the company has kept the profit in the piggy bank....
for so many years....
the mgmt is do conservative....
money is still in the piggy bank...
come on.... give special dividend... bonus share etc,!!!!