selling at this point , panic selling ??? sell at this lowest point really rugi gao gao ....... PE 9++ , NTA 0.670 , share price only 0.620 , seem really oversold badly ..... whole market gila for cut lose now ..... got cash is king now can shopping many share
after what happen to lion air , people should start to aware how much important travel insurances is ..... seriously after mh370 and other accident , i buy travel insurance evey time i purchase flight ticket , just a few money and it's convenience to purchase just a few click ....
At this price. Its very interesting. But i'm not too sure, since they are doing a few things i don't consider optimal. After my convo with the IR.
I'm happy with my 1% size. May add it to 2%.
Most people think the good thing about Tunepro is that its online business modal have a lower lower cost base. This is true, but the thing is, the insurance they are selling online, so are many others.
They said they are doing general insurance too because they believe they can offer lower prices, but i'm not a fan of competition to the bottom in a cost based industry, unless you have the lowest cost structure in the industry. I don't think this is the case.
Insurance such as life, health and savings plan, which if sold online, will cut down cost by a very significant margin, since agents take 15% or so.
But they are not selling this online. Which is a shame. Im fairly certain if they did, their combine ratio for those divs will be less than 100. I can't think of any insurance company selling those online.
Investment wise, i'm ok with it. They dont buy unit trust, but money market funds. I'd prefer if they had a good investor with a strong 10 year track record. But since they don't, i'm happy with their decision to buy MMF and FD. I'm always heartened when my companies stay out fo things they don't understand.
In case Tunepro is reading this, i'm happy to join as an investment analyst or fund manager. And i'm willing to be paid wholly in Tunepro shares that can only be sold 5 years down the line. Skin in game yo. Hahaha
I'll only buy significantly more, if it starts selling the insurance listed above online and go on a marketing blitz. Or fall down alot more.
In the meantime, its cheap enough to buy. Its management is not stupid. Given the price, the probability of a positive outcome is probably pretty good.
The company need to convince investor that they able to growth their most profitable travel insurance segment with a low cost structure in coming years. Other general insurance segment usually come with high combined ratio lead to low profit margin and highly volatile.
As the revenue is still slightly higher than previous same quarter last year, need to know the reason why profit dropped. Anyway it is not that bad (as the share price is dropped quite a lot) as per news spread around recently.
Qtr result not very bad, if can deliver EPS of 7-8cents for 2018, dividend should be around 3.5 cents, which still yield more than 4%, looking at current share price of 73 cents, it’s still quite attractive..
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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....
yfchong
5,879 posts
Posted by yfchong > 2018-10-13 09:50 | Report Abuse
Stabalize already.?