Look at 3 years chart, DANCO has been dropped from 65sen (Feb 2021) to 35sen (Oct 2022), and now it was sideway around 42-45sen. For the past 3 years, DANCO has proof that it able to generate a stable net profit, and it was also generous in paying dividend. With the recovery demand for its metal Stamping Segment, and booming of its E&E segment (JusEV), Danco performance in Year 2024 will be improve compare to 2023, and high changes we can see Danco share price moving toward 60sen. As Danco have relatively low market cap, so I believe it share price can be easily push up to 60sen level, as long as there are some institution player start to invest into it. A small amount of fresh fund of RM5-10mil (or 10-20mil share) can easily push the share price up by 30% from current level. And I am waiting for those big player to start their engine (and I know there are few big group of investors is putting Danco in their watching list... hehe)
i have been here since the very beginning, tending to my doggo at home, my doggo sometimes is abit crazy, but after all my doggo is good watching the house for me while i am not around
anyways, back to danco, the economy has been on the brink of recession only to be stopped by stimulus, companies with nett cash / excellent gearing ratio will fare better compared to those with high borrowing and poor gearing
while other companies are shrinking due to higher borrowing costs, danco is out and about hunting for new acquisition; hopefully can finalize the deal with charging component maker and more importantly, the hEV charging component maker :)
i admit i might not know much about other companies, but with danco, i have been here long enough that i am striving to be a substantial shareholder
:) cheers to all investors here, danco might be lagging behind in share price, the management might be slightly old fashioned, but its track record will talk more than a doggo master ever will
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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....
lcng123
1,127 posts
Posted by lcng123 > 2024-02-29 23:17 | Report Abuse
Net cash Rm84.4mil eq. to 19sen/share about 42% of current share price of 45.5sen