Waiting to collect dividend again in Q1 2017. Fintech opportunities abundant and if tapped by Opensys...will fly. More and more banks uses OKI....cheap, good, world class, and recycle cash.
True to a certain extend. Many retail businessmen still hv to bank in cash collection daily. Still nid to draw physical cash that people still nids to pay for purchases in our retail outlets always daily.
The business is sustainable for the next 5 years, but this is as good as it gonna get for we're a small country geographically. This company is not going to grow to the size of half a billion unless it opens up another source of income in the financial sector.
anyone here used cash deposit machine before? how long did you take to get all your cash notes accepted by the machine? what is the reject rate? imagine if those who want to use ATM to withdraw money have to wait for the guys in front to deposit cash (with the repeated insertion of cash notes due to rejection)... how long the queue will be?
Current trend is going for the cashless or cash less society. Further more, so many banks are closing down the branches nationwide, The ATM business should not grow too rapidly ....
BNM is pushing hard for cashless transaction due to high cost incurred for the physical money printing & sustaining. Opensys is a good company but their business model is against the Mega trend.
A lot of people bought at the recent correction.. before this was around 0.30.. then came grandpine etc.. all promoting.. the price skyrocketed.. those who did not take profit missed out.. n still missing.. those who chased are burnt.. those who still don't get out will burn IF current support level breaks.. the selling will be greater once supoort level is broken.. but i can always be wrong.. mr market is the king..
let me list out what the problems with Opensys are: 1) Overpriced - very high PE, annualized EPS around 2 sen, at current price, PE is about 18. extremely expensive for small cap like Opensys 2) Again, overpriced - use EV/EBIT. since the cash is about same as borrowing, there isnt any net cash. so EV/EBIT (enterprise multiple) is also very high. 3) Too much expectation on earning growth - many investors feel that Opensys is growing at a very fast pace. Unfortunately, its growth in revenue is moderate but the net profit is impacted by weak Ringgit 4) ColdEye effect is gone - when Cold Eye started to recommend this share, he probably already bought enough for himself around 20+ sen i guess or even lower! If he has not collected enough, do you think he will publicly asked you to buy? He sure wants to collect at lower price before it shoots up. So he is waiting for his diehard fans to help push the price up so he can look for chance to sell. 5) Change of ATM to CRM may not be as smooth - pls note that most of the banks will only consider changing their ATMs when they can no longer be repaired. You are still seeing many very old ATMs in our countries and banks are still using it to save capex. And even if banks are replacing old ATMs, there is no guarantee they will change to CRM as the cost is high and there is complaint about long queue for ATM users to wait for cash deposit users. Imagine yourself, if you are to withdraw money from ATM, in front of you there are 10 ppl who are depositing money.. will you go crazy?
i read the the first person who shared coldeye article after his launcing in i3, he recorded down briefly; cold eye mentioned the fundemental of company is good and still in growing, consistant div paid out but a bit pricy at current price (that time was 0.35) before somebody goreng to lately 0.415. so dont simply defame people.
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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....
Awangtoklah
182 posts
Posted by Awangtoklah > 2016-11-09 18:30 | Report Abuse
Worry la because I already get 3 cents profit on paper but decided to hold coz I think it can go higher