At least 7 yrs of earnings stability n consistent dividend, above 10% ROIC n ROE. Strong working capital of 0.85/share. Owner earnings of 0.22/share. What a waste, if u don't invest now! D only small blemishes is no share-buy back at undervalued price, but some insiders n outsiders are investing. Gd luck!
those who are buying now. do not expect too much on its coming q3 results. it definitely would not break last year record. but if you are more foward-looking, next year it will easily break fy2016 results. This is meant for those purely looking on q results and do not appreaciate its superb fcf, ey, roic etc :)
Kyy...is kicking himself for selling big % of his Flumber holdings too cheap...the rally will continue with strong usd and great demand for building materials throughout the world...!!
won't earn big for sure...because the drop in earnings is not cause by forex loss but the minimum wages imposed by government. Timber is a labour intensive business, any change in the minimum wage affects the earnings a lot. The temporary forex gain will not last long as the business is not expanding.
Farlim and Flbhd is in different industry. Property developers need more cash reserves to buy land if they see opportunities. Flbhd is rather different kind of business, that is why cash & equivalents are increasing from 37.56million:2011 to 89million currently. And because there is consistent internal generate real cash profits, this actually provide a rather better cushion and view that which company can give better dividends. Especially this company had no borrowings at the beginning, this is definitely a special case when one insist to look for growth or better earnings bla bla.
People who ignore cashflow make a very big mistake loh....!! Positive Cashflow is the most important component of investment appraisal...not qtr earnings loh....!!
This is bcos cash in the bank is diificult to manipulate whereas accounting entry like QTRLY account can be manipulated easily mah..!!
Those who love to trade everyday in d stock market, even short selling should read d late Jesse Livermore books! Unfortunately he left behind $5 million for his wife in 1940. Gd luck n Bye!
On jesse livermore raider like to ask, why world greatest and successful trader in history go bankrupt a few times and in the end again bankrupt and commit suicide ??
The answer is that he thought he is trading but in actual fact he is gambling loh....!! But still u can learn alot from jesse livermore the world greatest trader in history loh....!!
I agree with stockraider. the net cash is already worth 0.8 sen.
If you think USD is gonna to stop raising and pause at 4.3, then you'll be very deluded. The big players already start to short the emerging market, more to come.
US rates have been deliberately hold low for some 'reasons'. U thought yellen don't want to raise rate? Now they have ample reasons to raise once Trump is sworn in. The unemployment rate is at super low of 5% now, trump infrastructure plan will even reduce the rate thus forcing yellen to raise.
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....
Upmaster
158 posts
Posted by Upmaster > 2016-11-01 16:07 | Report Abuse
a lots of vitamin..wakaka