actually if you read carefully, apparently the Cambodia contract is not just on tourists arrival but all inbound and outbound passengers (domestic and foreign)....so it is actually much much more than just 5m per year...! People just dont realised yet...
Tax exempt interim dividend of RM0.03 per ordinary share in respect of the financial year ended 30 June 2018.
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 7 Sep 2018 2) The last date of lodgment : 13 Sep 2018 3) Date Payable : 28 Sep 2018
Despite the poorer than expected FY18 performance, the company continues to pay healthy dividend of 9 sen per year. This translate to around 4.8% yield - around 0.4% higher than 1 year FD. Also, it is interesting to note that the company cash level has actually increased to RM52m (vs RM37m last year).
Assuming that this is now the base case and revenue has bottomed - your investment here is equivalent to buying an option with a 4.8% yield. Still palatable in my views.
So i think one should look past the short term negatives and invest for a longer term.
Did not realise that i have been posting for so long - thank you for noticing.
I agreed that it has been frustrating journey over the last three years. I also wished that it has done better, stock price wise.The company was always near the verge of a break through (as your name suggested) but however fall short due to whatever reasons. Question now is really do we still believe management can deliver going forward?
From my observation, the MD has not lost the hunger to secure new deal and i believe (i know it is wearing a bit thin) persistent and tenacity will win the day eventually. Of course, one can also time their purchase and buy the stock when it happens..each to their own I suppose.
I also secretly wish news flow and guidance to the market at large are more consistent but i suppose they can only get better.
For now, I still think the company is solid, fundamentals wise. So, you can treat it as an option with a 4.8% yield. In this respect, downside is somewhat protected where as upside will come from further new businesses.
The ultimate question I suppose is if you think the company performance will continue to deteriorate or improve from here (after 5 quarters of declining profits)?
In last quarter report they say there will be improvement and growth on FY19 I hope that this time they will bring out somethings, i have faith on this company
Thats may be true about the results - however they were paying zero taxes back then and like I said before, FY2018 is one really bad year.
For all investment, we need to look forward and the question is still if you believe they can recover from here? Investing at current price, can you make money?
Refer back to my earlier post: Treat it as a call option with 4.8% yield (only if you think or convince that the earnings has bottomed in FY2018).
Breakthrough x2 - You sound frustrated. I can totally understand your feeling as I too have followed this company as long as you have, may be even longer in fact.
I think that is also part of the reason why the company is no longer want to shout about potential contract win etc in the event that they disappoint investors again.Even for the Cambodia contract, I think they only announced it reluctantly as their results were terrible then (2QFY18)..and not knowing that May 9th election could impacted them so much as clients delayed implementation etc. Anyway, those are moot now...so what will FY19 brings....I also dont know to be frank...hoping the new govt in Malaysia will open up new opportunities for them to compete fairly....
4-5 years wait is long enough? That's really depends on you as every investment decision is obviously sequential as we don't have unlimited capital - so we will need to decide if this is dead money or not. Thats why I see it as an option with 4.8% yield..lol
cyeec2000: I dont think so as most BPO clients are MNC
Breakthrough x2: Well, sometimes not everything is always going to your plan. Sh*t happened. Dont get me wrong, I am not trying to defend the company just that they are obvious risks from dealing with governments. For example, Sri Lanka has also changed government a couple of times in the last few years....(unlike Malaysia..once every 60 years)
As for liquidity and shareholdings...both EPF and KWAP are both shareholders (i assume they have done their due diligence) and as well as Grandeur Peak Global Advisor...I assume they dont buy and sell...so obviously liquidity dwindled...
MY advice - sell the shares (assuming if you are still holding) to clear your mind, then re-look again from a different perspective and decide if this is the stock that you will invest in at this time. If not, move on. No point in holding on to something you dont feel good - my two cents.
Breakthrough2 tqvm for the info but ....any info/news supportr what status above "Heard they already started and supported via Sri Lanka centre there" ? pls dont speculate
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....
jordanmaggie61
1,894 posts
Posted by jordanmaggie61 > 2018-08-10 11:26 | Report Abuse
这价格可以