fruitcake, your statement on prospects is wrong again. there are plenty of companies writing negative prospects in their quarterly reports. Way too many. Read more before commenting
Warren Buffett says in short term market is voting machine. In long term, it is weighing machine. If harbour’s profits continues, then in long term, it will be noticed and share price will correspond. Patience needed. Buy and hold. Hopefully this is true
The only problem with this stock is management is stingy in sharing the profit with shareholders. This cashcow company generally payout less than 10% of their earnings as dividend, and invest the rest of the money in FD. That's why PE is so low, because all the good profit, high cash, high NTA is nothing but a dangling carrot.
Shareholders only get rewarded (from the company) via dividend or share buybacks. Share price increase or capital gain is not a direct reward from the company but a reaction to the company's reward. I am sure if company increases its dividend payout, share price will double. (hopefully harbour management can see this)
Net cash 84 sen per share? Cash & bank 263m Investment securities (quoted money market funds) rm121m Loans & borrowings rm50m Net cash =263+121-50=rm334m divide 399m shares = 84 sen per share? Versus rm1.12 share price 75% compose of cash?
Insas better Net cash rm1.10 Share price only 85sen Means basically all the assets in Insas is Zero value! Subsidiaries, buildings, lands, investments..... u name it, all Zero value
Harbour's 9 months profit is already 30.79 sen per share and its NTA is RM 1.78. Coming QR is expected to be released within 10 days and the full year profit will be very exciting.
cut queue sold all with profit at RM1.20 today morning open price
B3. Prospects Shipping and Marine Services Division Harbour-Link container shipping activities are facing stiff competition with main liner operators who have deployed large tonnages into Intra-Asia and East Malaysian markets. Container freight rates have been eroded drastically since December 2022 to the present level. We expect the freight rates shall remain until the year end. Domestic trade within Malaysia is also facing headwinds in freight rates and lower cargo volume. However, our tugs and barges operations and shipping agencies services are still consistent and stable and we able to generate stable revenues. Overall, based on the above, our shipping and marine services division shall be expecting lower revenue and profit for the next financial year.
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....
investorbat
1,448 posts
Posted by investorbat > 2023-02-28 09:17 | Report Abuse
cash and investment securities almost 400mil