This Bondmark, dont know what is his intention to spread fake rumours here about the directors, as I know nothing of what he says is true. He must have lost alot in FPG until his head also kaput, brains become otak udang.
I usually very seldom to bother about the FA of a company as I just trade, not invest. Anyway, I just take a look on some key point of FA for this company. I'm not Master but just to share what I observed, so don't complain on me.
1. Cash generated from operations improved about 20% YoY [Very Good] 2. Net cash from operating activities improved about 78% YoY [Great] 3. Cash and cash equivalents carried forward declined about 2% [Not significant, so no concern] 4. Receivables increased 160% to 4.2M. This is about 35.6% of the annual profit. [Still Manageable] 5. Payables only 0.6M. Fantastic! 6. This is net cash company with 32.4M and NO borrowing! Excellent! 7. Both Revenue and Profit are ALL TIME HIGH! Bravo! 8. PE = 17, this is slightly low. I believe market should be okay to accept PE22 to PE25 for this type of company. But have to wait for Mr. Market to decide.
The above just my personal FA observation. It is not a buy or sell call. Trade at your own risk.
My personal conclusion: This company has very good FA and strong growth. Hope the company can continue with more revenue through 5G related business.
By the way, this is one of a good company to invest. Not many company can continuously doing well. But for trader, I will only wait for my preferred price to enter and exit. No plan to hold like investor did. Nevertheless, good company worth to hold if you have strong capital and it will give you handsome profit in long run. Yet you still need to monitor if the price suddenly drop drastically or bad QR. Need to understand the reason of bad QR too because not every bad QR is not good. Sometimes bad QR in a quarter or two will give you opportunity to buy cheaper as long as the fundamental is not hurt. Just my thought.
Today doji shown. So indecisive of direction, although overall uptrend still intact. If tomorrow close green above 0.39, then it should be good to hold for investor. Don't get me wrong. I share my thought doesn't mean I will trade.
To be honest, I will only trade when it goes touching the lower of B-Band and has sign of rebound. That's where I happy to trade more. Else may just trade small to pass time. For me to invest in FPGroup, I want to invest at 0.30 which I didn't really pay attention on this previously.
My average holding price is around 0.38. No chance to buy lower than 0.375 on recent trade. Yu n Mee I suppose your opportunity for trading not there yet. The price range is quite narrow. P
@Shines, Uptrend strategy view, FPGroup may slowly go upside. Horizontally strategy view, FPGroup may move in range of 0.375 to 0.420. If it breakout above 0.420 with high vol in the same day, then the Uptrend strategy view remain intact, provided you can imagine what i'm trying to say. So if you want to accumulate, the best price to wait is 0.375 unless you have a lot of capital to standby. As long as not close below 0.375, at least still maintain within 0.375 to 0.420 range.
i just share my view. Not a buy or sell call. Maybe some people don't like me to share my personal view but again, this is open forum xD. And for this counter, i will not delete any comment since i'm welcome to comment :)
I don't like to study FA because if I study FA and I get to know the company is doing good with growth, then I cannot control myself to invest. So that's the reason. But since I have studied on FPGroup and I never thought it is so great, now it makes me think of investing in it. OMG, I don't want but after studied cannot ignore i didn't know. That's my weakness.
So i just queued 0.385 to buy some for investment purpose :( Let's see if I can get it at 0.385. Else will just ignore because i don't like to chase high.
bondmark I would like to invite you to Sape and fu_k the forum there because everything there deserves your esteemed presence.... Shit counter also there
Good to see FPGroup be green because i gave up queuing at 0.385 just now. I took up 0.390 small portion for investment purpose. Trade still my main focus but not on my investment shares bought just now. Will trade for additional share if price and vol meeting my criteria.
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....
lamy92
745 posts
Posted by lamy92 > 2019-10-01 16:52 | Report Abuse
Buy buy buy.. Tomolow continue up againn.. Chat today morubuzuu good chart