Show me the figures. I kept this for over a year and sold first round at 65 My cost was 52 Small cap div 1.2 sen with reasonable biz and a hugh reserve base in their books. No innovation
A company like Fibon, is a pioneer and founder for the niche product that it sells, and its a leader in its industry, with very few, less than a handful companies, in the world, only producing the insulator (busbar supports etc) that is specifically to be made in switchboxes. If you notice their quarterly eps, the eps figures fluctuates heavily each quarter, so to compare it merely by quarter to quarter directly may not be an efficient way to measure its performance.
In my opinion, the results are pretty good for the current financial year as to compare to the previous year, cumulatively. The whole of changi airport is using their products, and switchbox makers and electrical giants like ABB and KE Brown of Australia is taking from Fibon as well. Every house, factory, and building that uses electricity needs a switchbox. Plus, Fibon's earnings are majority earned in AUD and SGD, so we should expect a good year for Fibon, with the low ringgit in place as well. They are a cash rich, debt free company, there should be many good things awaiting in the coming financial quarters.
One more thing to not be forgotten is that they are slowly diversifying their businesses at the current moment, and they are backed by their major shareholder, the Ministry of Finance (MOF) and are currently growing in their new businesses of financing and factoring, and they are also now a CIDB G7 Main Con, with the current earnings and performance, considering that these new arms are still not in full fledged performance as they're newly set up, we hope that they will perform very well in the coming future.
Investing is also about expected future earnings and performance anyways, so I think Fibon will do very well, especially with the reasonably satisfying and good current quarter (its not that they're making losses anyways) just a minor difference in earnings figures, the difference may be due to their expansion and development of their new factory on their recently bought 33 acres of land. So take into the account the expenses and costs for that. It's not because Fibon is losing money, it may be due to that they are expanding, don't forget, its a good sign for Fibon.
Foresee tomorrow morning Fibon will be selling down caused by lower PAT result and then rebound due to insider good news. This is their game plan and I will follow the trend to grab it at lower price for post-CNY angpao. Anyhow, trade at my & your own risk.
KY, I don't know the exact date but He told me at the end of Feb. Normally, its share price will be frying up before news announcement like other stocks such as SYF, VS, Evergreen, etc. So I just follow the trend to earn a little bit pocket money if lucky.
Technically viewing, Fibon's support is standing very strong on December's resistance line, ending with a bullish engulfing candle. Bullish signal. Hopefully a good week is coming ahead of us. .
Insam, I do not go in detail but have roughly set a new target price base on the q report. I just hold and no think to top more.Wait it rebound to my target price and cut.start seeing buyer
No bullets. Holding just the gun n whatever bulllets loaded. Proposed Placement of additional shares to some bumi company 6.6% : could b causing this boat to rock. More players better game. dilute only 6.6 % but price drop like shit from back of Bull.
Doubt it that there's going to be any bonus shares and free warrants. This company is not one who likes diluting its shares. You can tell it from the historical exercises and the amount of free float shares available in the market. The last bonus was during the IPO. If there's any exercise, the best bet would be they're going to be raising funds by debt for expansions in the near future. You can say that they're debt free and free from leverage at the moment. So it's likely that they'll be using that option first, using the Peking Order Theory logic.
Stupid CSPang .... Dun simply give 'INSIDER INFO' that is not true ..said the company will announce the bonus and free Wa at the end of Feb but now already end of March still no news ... Sigh!
We can't take those "special baseless info and news" too much into heart in these kind of forums. We can't even tell if they're really who they claim to be. Anyone here can create an account and tell you that they're Bill Gates. There's no basis to back it up.
What we can do though, that is more "backed-up", is to use the information that is available in the market and assess them via technical or fundamental analysis. Well, it's another story if you have direct communications with the insiders INSIDE the company, but then again for that, you'll only know if they're legit when you really know one. On the other hand, you can try to deduce or predict their possible corporate exercises based on their current business situations, their figures or historical behaviors though.
If Fibon maintains their performance on this quarter's earnings, their earnings performance already will be secured for this financial year. Can already see some subtle and quiet accumulation going on with the good expectations on this quarter. But still a small and quiet counter at the moment. Debt and gearing free counter with big profit margins, sitting on a big pile of free cash, provides a very good margin of safety to invest in.
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....
soros228
2,039 posts
Posted by soros228 > 2016-01-30 22:10 | Report Abuse
What good news?