Posted by OneMillion > 2013-11-29 12:37 | Report Abuse

anyway, since it is cash cow, below 0.60 is fair, i will consider, : )

Posted by AyamTua > 2013-11-29 12:38 | Report Abuse

Posted by OneMillion > Nov 29, 2013 12:36 PM | Report Abuse

only one ED in this company n he is 76 now, the environment getting more challenging, the co. is making money from share investment like us, business is not good, smile : )

- even better.. we invest in them.. they're smart invest to somewhere! ahahaha ... double the potential .. business may or may not be good but along the way, sound and solid fundamental is the crux here ..

Posted by AyamTua > 2013-11-29 12:40 | Report Abuse

Posted by OneMillion > Nov 29, 2013 12:37 PM | Report Abuse

anyway, since it is cash cow, below 0.60 is fair, i will consider, : )

-- be it 60 cent or 50cent .. welcome! .. hahaha .. im at 80cent .. park my hard earned cash here for two three years no worries - this is a high yield dividend and GNN (Graham Net Net) counters ..

not suprise in next coming days and months people will into daily trade and condemns but to me I know Hexza fundamental is rock solid .. so no fear lah ... trade at own risk, but do sleep well at night, brother and sister!

Posted by tsurukame > 2013-11-29 12:55 | Report Abuse

Ayam Tua, In a rising share market...share investments go up...but will this be the case going forward in 2014 and beyond...I don't think so that past performance in share investment returns can be repeated in future...it really require super skills to gain from share market in 2014 and beyond....Graham net net rely on past success factor to project an intrinsic valuation...what happens for some reasons Hexza makes losses in their share investment?? If I were you I will not have too much faith in Graham net net as past success factor cannot guarantee future success...

Posted by AyamTua > 2013-11-29 12:55 | Report Abuse

Hexza's market capitalization should worth about 200m, or a share price of RM1.00 per share.

11/11/2013 11:55

- copy paste kcchongnz comments from this: http://klse.i3investor.com/blogs/stock_pick_challenge_2013_2h/40677.jsp

YES.. not to mention generous dividend ... please take time, and read why AyamTua kept his faith in Hexza so much... any question ask the expert lah .. hahaha

Posted by AyamTua > 2013-11-29 12:57 | Report Abuse

@ tsurukame: yes, thank you for being a realist, I'm mixture of fundamentalist and dreamer .. :D . Understood your concern there! let us all watch and see , thanks once again Sir!

Posted by tsurukame > 2013-11-29 13:05 | Report Abuse

Ayam Tua,
For 2014 onward I will be less of a dreamer and more of a fundamentalist and become more of a realist as it is difficult to repeat the good time from 2009 till now...what is the further upside potential of KLSE ??? Hexza??? what happens if Hexza make losses on its share investment in 2014??

Have you performed a worst case scenario whre it loses 25 to 30% of its invested capital value... What will be its revised graham m net net valuation then....Can you compute the revised grahamm net net yourself ???

Posted by AyamTua > 2013-11-29 13:17 | Report Abuse

brother tsurukame: if you ask me.. 2014-2015 is a bull year. what type of bull? i dont know. could be bull-s*t too. wahahaha. basis of concern is the current economic scenario may or may not repeat either become good or worse, really understood you, brother.. will it be revised? will it be change? it may , again it may not . but ... foundation according to past performances already there .. we cant predict the future accurately but somehow and somewhat past foundation can at least move things in the correct ways. 2cents

Posted by kcchongnz > 2013-11-29 13:44 | Report Abuse

Hexza 291113

“There are old investors, and there are bold investors, but there are no old bold investors.”

There are basically two fundamental investment philosophies, one cares more of making money who invest basing on the projection of future earnings and hence focus on the income statement, or future cash flows; and the other cares more of avoiding losses, who invest base on the minimum one can lose by looking at its latest balance sheet. All the rest are speculators.

The earnings based investors aim to harvest bountiful return by buying stocks of companies which would grow their earnings, and yes they would be rewarded if their forecast of the future earnings is correct.

The conservative balance sheet investors have their utmost concern in risk management. They believe that if risk is minimised, which they are more sure of, the return will take care of itself. They follow Warren Buffet’s philosophy, Rule No. 1, Don’t lose money, Rule No. 2, Don’t forget rule No. 1.

Graham net net is nothing about whether its earnings will grow, its equity investment will continue to provide positive return. As a matter of fact, nobody can predict the future of the stock market correctly and consistently. Graham net net is about the minimum value of its asset based on its latest balance sheet, and its equity investment follows a random walk.

Valuation, any method, is an art. Earnings based valuation will subject more to uncertainties than asset based. Market may not agree with your valuation, it often doesn’t. But like what Buffet used to say,

“In the short term the market is a voting machine, but in long term it is a weighing machine”.

It is hard nowadays to find Graham net net in the stock market. It is even harder to find a net net with consistent earnings and cash flows, albeit not that high. It is extremely difficult to find a Graham net net which pays high dividend, sustainable dividend payment due to its consistent positive cash flows from operations and free cash flow and high cash holding. That is Hexza.

So would Hexza share price rise above its NAB, or net net value soon in the future? I really have no idea.

But if you buy this net net story, don’t forget not to put all your eggs in the same basket. This maxim should never be ignored.

Posted by houseofordos > 2013-11-29 14:41 | Report Abuse

It is hard nowadays to find Graham net net in the stock market. It is even harder to find a net net with consistent earnings and cash flows, albeit not that high. It is extremely difficult to find a Graham net net which pays high dividend, sustainable dividend payment due to its consistent positive cash flows from operations and free cash flow and high cash holding. That is Hexza.

Totally agree with this statement from KC.

Posted by sephiroth > 2013-11-29 14:44 | Report Abuse

i queue buy a bit at 0.665, will grab more at 0.63 and 0.60

Posted by member41 > 2013-11-29 14:48 | Report Abuse

may as well straight q 63 the way its falling. :)

Posted by sephiroth > 2013-11-29 14:54 | Report Abuse

for eg, yrs ago i bought malton at 55, then 50,46,40,...then few yrs later BOOM, so half at 75 the other half at 90.5

Posted by sephiroth > 2013-11-29 14:54 | Report Abuse

the thing is u can't be certain it will keep falling

Posted by ooi1955 > 2013-11-29 15:00 | Report Abuse

Your are right, sephiroth.
Already got some at 0.665.

Posted by NRobert > 2013-11-29 15:01 | Report Abuse

Good enough for me, give me confidence to buy more and keep. Don't matter short term or long term.

Posted by kcchongnz > 2013-11-29 15:34 | Report Abuse

Hexza and The Gordon constant Growth Model

The intrinsic value of a stock can be estimated by discounting a future series of dividends that grow at a constant rate in perpetuity to the present value.

Stock Price P = D / (K - G)

Where:
D = Expected dividend per share one year from now
k = Required rate of return for equity investor
G = Growth rate in dividends (in perpetuity)
For Hexza, let us use a required rate of return k=10%
G=4% in accordance to the rate of inflation

Hence P = 0.05 * (1+4%) / (10%-4%) = 0.87, or 87 sen

1. Is the required rate of return reasonable?
2. Is the growth rate of 4% for dividend for Hexza reasonable?

Hexza has a clean balance sheet with huge amount of cash. It has shown to have consistent earnings and cash flow every year. For the last 10 years, the dividend of Hexza has grown from 0.6 sen to 5 sen last year, or a compounded annual growth rate of 24%, 6 times the assumption of future growth.

Posted by sephiroth > 2013-11-29 20:03 | Report Abuse

hiddengem, excellent analysis, i bought at 0.665 today and 0.69 few days back, graham net net together with gordon growth model will ensure high margin of safety

Posted by AyamTua > 2013-11-29 21:12 | Report Abuse

Graham and Gordon GG counters .. nice - thanks all for reassurance and shared insights! appreciate it

Posted by Jeff Wong > 2013-12-01 03:56 | Report Abuse

Rhb also bought alot of this share.

Posted by CityTrader > 2013-12-01 10:48 | Report Abuse

Hiddengem, any idea what is the fair value? Tq

Posted by CityTrader > 2013-12-01 12:00 | Report Abuse

Noted with tq

Posted by ooi1955 > 2013-12-01 14:09 | Report Abuse

Thanks, Hiddengem.

Posted by trustme932 > 2013-12-02 09:50 | Report Abuse

hiddengem...good morning,m holding 40 lots,paper loss,will have to keep it for med-long term.

Posted by joe2703 > 2013-12-02 10:03 | Report Abuse

how much is the dividend that we entitle ? When we will receive the dividend ? Anyone knows ?

Posted by AyamTua > 2013-12-02 15:53 | Report Abuse

Hexzaa .. anyone for ethanol? hehehe

Posted by bugle > 2013-12-02 16:27 | Report Abuse

May I ask Jeff Wong how do you know RHB has bought a lot of Hexza's share? Tq!

Posted by OneMillion > 2013-12-02 16:29 | Report Abuse

emmmm, yes, i hv the same Q too, smile : )

Posted by yipcoolseng > 2013-12-02 16:38 | Report Abuse

donno can reach 60sen or not lol

Posted by AyamTua > 2013-12-02 16:41 | Report Abuse

im holding 80cent... see the price now.. cheap discount for new comers! not even scare one inch .... infact top up again! :-)))))

Posted by yipcoolseng > 2013-12-02 16:43 | Report Abuse

ayamtua, u rock! but don faint later lol

Posted by AyamTua > 2013-12-02 16:51 | Report Abuse

Posted by yipcoolseng > Dec 2, 2013 04:43 PM | Report Abuse

ayamtua, u rock! but don faint later lol


- no worries .. why worry? Graham Net Net + GOrdon = GG counters :-)

Posted by sephiroth > 2013-12-02 16:51 | Report Abuse

GG? Girls Generation

Posted by member41 > 2013-12-04 10:58 | Report Abuse

65 soon

Posted by OneMillion > 2013-12-04 10:59 | Report Abuse

below 0.60 is matter of time, slowly...... smile : )

Posted by mikekong55 > 2013-12-04 13:59 | Report Abuse

member41, you all here to look into buying HEXZA.good good

Posted by member41 > 2013-12-04 14:00 | Report Abuse

mike i saw ayamtua promoting it so come in and kacau. Did you buy some too?

Posted by mikekong55 > 2013-12-04 14:39 | Report Abuse

member41, this stock only move when there is dividend. are you still holding pmcorp, you better not.

Posted by member41 > 2013-12-04 14:40 | Report Abuse

hi mike no pmcorp at the moment still waiting lower

Posted by mikekong55 > 2013-12-04 14:42 | Report Abuse

member41, no more buying for me.will buy march'14 on the 5 counter posted for mktwatch to comments.please go the usual place to have a look.thank you.

Posted by mikekong55 > 2013-12-04 14:44 | Report Abuse

member41, better not wait.dormant,let those buy high sell higher. history might repeat and come back to my original purchase price (early part of the year). forget this counter.

Posted by member41 > 2013-12-04 14:45 | Report Abuse

ok will wait for your latest update on the '5'. Have a good holiday you earned it :)

Posted by chatterbox > 2013-12-04 15:00 | Report Abuse

mikekong55, whre can we view the 5 counters posted. Please share

Posted by mikekong55 > 2013-12-04 15:37 | Report Abuse

chatterbox,nothing great;just my own 5 counters that I think will perform in 2014.year 2013 my pick were KSENG,PTARAS,PRKCORP,PMCORP & INGENCO. all disposed last month make total gain of 50%+.

Posted by AyamTua > 2013-12-04 15:39 | Report Abuse

member41: kokokkkkkk!

Posted by member41 > 2013-12-04 15:41 | Report Abuse

ayamtua sir... care to add more at 655? :)

Posted by mikekong55 > 2013-12-04 15:58 | Report Abuse

ayamtua, another dull and lacklustre trading day

Posted by AyamTua > 2013-12-04 22:42 | Report Abuse

the best counter in the world!

Posted by OneMillion > 2013-12-05 11:21 | Report Abuse

kokokok, ayam brand........ kekeke

Posted by member41 > 2013-12-05 15:26 | Report Abuse

haaha this crap keep dropping... can't even stay put