the latest quarter report, its turnover increased but quarter profit reported less yoy due to operating cost increased and less gain in foreign exchange, but year to year, it performance still on track and better. As long its last quarter report profit of 8mil + it still managed on par with last year. Do remember it also the exporter who will benefit on ringgit weaker now + demand of their product usually better at last quarter.
dear 10bagger10 you can refer to its financial statement ma. its share capital 123.7m, its cash flow and equivalent 153.5mil as 30/9/16. mean if you buy a company at current price u some more got extra of 24 cents
30 mil USD hold as cash.... base on the 4 qtr USD appreciation of 30 cent per MYR, it give a 10mil profit ..... real cash profit excluding business.....
Last year after FPI declared a dividend of 7 cents the price dropped all the way from RM1.03 to as low as 70 cents. Is it going to happen again this round with the same pattern? Why the price dropped so much today after announcement of 6 cents dividend? Worry the price drop to 70 cents again?
I bought last yr average 88cents, getting 7 cents, my cost is 81 cents. Expect it to drop more than 6 cents as is usual after giving out money. Let see if it give share, that's the catch. But, is a good company. Boss reward share holder.
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....
fhis
1,207 posts
Posted by fhis > 2016-10-11 15:58 | Report Abuse
volume even though is small but increasing from few days ago...FPI close watch..