just be careful, this stock is on downtrend...if u buy now just like u r catching a falling knife...it will hurt you for sure...do agree with jabetrohan..be patience, park your money on other stocks first
Intrinsic value is 0.76 with 4% growth estimation. With the tax provision of 1.9, there is still 17% profit over revenue. It is consider good result in 2013. Well done
hot, mmode is cash rich and reported good result for Q1 to 3 FY13, Q4 profit drop substantially due to high tax expense, mmode (msc status co,) suppose to get tax break but didn't get til now, previously uchitec experience the same situation but get the pioneer status after q4 result
i m not worry if it lands in the sea as some how it will touch the bottom....only worry if it has gone into a black hole...no end and keep nosediving....
definitely oversold... excluding the deferred tax charge, its operating margins are still healthy. EBT was actually still higher than last year. Excess cash of RM0.25 per share, P/E =6.8x, EV/EBIT of only 3.3x... loaded up more today....
usually I don't really care whether a company has a lot of cash because it means nothing unless the cash is in our hand. however mmode practices very transparent policy, the founder is the director, with majority shares but does not have any significant related party transactions.
It's earning is not some lousy paper earnings, but cash earnings. Free cash flow is about 100% of the earnings or more. most importantly, it has a very consistent dividend payout policy of 40%.
if we were to deduct the net cash from the market cap, the ex-cash PE ratio of 2x.
Its recent drop in the profit is just due to deferred tax, which is just an accounting adjustment of tax liabilities, with no significant impact on the earnings potentials and cash flow.
my guess...bonus issue or transfer to main board could be coming soon. Proposed to amend M&A, let's see when circular is received whether it is to increase authorised share capital.
yeechachoon,why are you so against Mmode ? Are you loosing big money before this on this counter ? I always see you only giving negative comments on this counter and you not seem to buy on this counter, then why you are here ?
calmcool, definitely u will see this kind people who r negative thinking or talk about negative matter/comments about this company. Let he talk. I will continuously buy id this counter head south.
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Posted by yeechachoon > 2014-02-28 10:25 | Report Abuse
just be careful, this stock is on downtrend...if u buy now just like u r catching a falling knife...it will hurt you for sure...do agree with jabetrohan..be patience, park your money on other stocks first