With usd still stand high now, it is a no brainer to sell at this price... unless there is ship delay or logs shortage, otherwise i dont think they cant record 6 or 7 million profit...
Coz panda wanna buy 1.30 la... thats y keep barking lo... flb is buying at 1.5x.... how u buy 1.30 1.45? Once short term trader sold all d then uptrend lo...
I did not say this is a lousy stock i say it is good but like to sleep before my sifu come back better enter at lower price 1.45 is good in case it goes into sleeping mode still got dividend mah without seeing your 1.6 becomes 1.5 become 1.45 ....
haiyya.. its not me said its gonna drop to 1.30 lah.. i jst asking only.. why blame me
------------------------------ trulyinvest Up from rm1.10. Not surprise it can drop back to rm1.30. Anive 1'60 is too high. Tats y I cut loss 08/12/2018 09:30
No one can time the market . Only the dare devils with risks can buy to make some kacang putih profits . No more like yesterday years . 80% investors going to Holland liao .
company is doing a lot of shares buy-back.... i hope this signifies a message that my fundamental analysis on flbhd is correct... i will just keep buying...
Directors buy is called confident Company buy is called nothing better to do Why the company buy back its own shares They do not need this money to expand the business, then why not distribute it as special dividend. Or the share price is dropping, the director use the money to support Why support the price not expanding the business
What they are going to do with the shares after buy back, sell in the market? Why not sell more plywood, why sell shares?
Where is the road in front if the focus is shares trading not plywood trading.
i dont think their main reason to buyback is to support the price. the main reason should be it is below the valuation price, probably naps price.. Look at their naps. it is Rm1.79.. if company asset already worth Rm1.79 per share, of course buyback Rm1.5x with thick cash la. Put the cash in bank or FD or MMF so lousy return.
This haLIE has no attacking point la... share buy back is good also he can say until bad... q2 q3 high sales high profit and he said y not sell plywood... this is why he is haLIE lo.... suka tipu.... suka twist.... trulystupid....
company buys back share because they are confident of their future prospect and think the share price is currently undervalued... and of course they can sell back later and lock in profit for the company, why not?
it is one of the many ways to increase profit, while they can also concentrate on selling their core products at the same time... yes.. i mean at the same time.. why not?
This counter is good for dividend Not for capital gain Because the earning is rather eractic To protect your capital It is not good to chase high Reasonable entry price is 1.45 If there is strong hand pushing you can sell to him and collect back at lower price. Now plywood industry has a hard time because there is shortage of log to procesd In view of this, It is unadvisable to chase high I am waiting at 1.45 because I have holding power. Dumb dumb hold doesn't mean you should hod dumb dumb Sell to them if they are willing to buy from you at higher price and buy back if you think next quarter they can still perform. If not keep your money in the pocket and wait, may be 1.35 or 1.25.. Never more than 1.60, upside potential very limited. This is what i observed so far, I may be wrong because no one can predict the tomorrow accurately Good luck
People in industry know Sabah change from UMNO to WARISAN. All logging have been stop and waiting for green light to start over. Existing logs (legal or illegal) unable to deliver to factory due to count case even TSSA announce to stop export of round logs. Logging company boss and Musa run very fast and less the mess behind. I expecting revenue will drop in coming quarter. But market react will be different always...
See the inventory amt as at end of Q3... their report didnt mention logs shortage issue also... they would have mentioned it if they face such problem if u did follow and read their report previously... but one thing is that the price of logs nvr reduce even though logs export is banned... but i believe weakening of RM has offset that impact.. besides, they r recording good profit even though logs price is high... i believe they have the buffer to buy logs at higher price due to the luxury items market they serve... flb sell to US mostly, not like other companies which sold to Japan...
Who has higher profit margin products gets the logs. FL paid 9% more for the logs last quater but the profit margin was even higher due to higher selling price. RV market is still hot in usa. FL's investment on new machineries last year which could produce veneer of different sizes to suit customers requirement has yielded good results.
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....
ahbah
6,238 posts
Posted by ahbah > 2018-12-11 19:09 | Report Abuse
Not good but excellent.
Rating : AAA