Posted by Dehcomic01 > 2023-10-26 09:49 | Report Abuse

White Horse is currently trading below its Graham Net Net. The Graham Net Net is a short hand for its liquidation value. So why is the market so pessimistic? This is not a sunset sector and there is no digital disruption

Posted by consulting24 > 2023-10-26 11:13 | Report Abuse

It's certainly promising to hear that the company has consistently recorded profits for the past 10 years, with a solid 10% increase in the most recent three years. The expansion into Vietnam and involvement in mega projects in Malaysia are clear indicators of their growth potential. Based in Johor, this company seems well-positioned for a bright future. Keep a close eye on their developments; it could indeed be just a matter of time before they achieve even greater success.

Posted by dompeilee > 2024-03-04 11:24 | Report Abuse

dompeilee

Re-purchased WTHorse for 70c today.

2021-09-03 18:29

🤗🤗🤗SOLD 1/2 @ 83.5c!🤗🤗🤗 Keep some for LIMIT UP!!!📈

Posted by UnicornP > 2024-03-04 12:23 | Report Abuse

Actually I very interested in Wthorse one. Just don't like the pre-QR buy up on Feb 27.

Posted by Hew Kiong Peng George > 2024-03-05 06:36 | Report Abuse

Hidden gem Co, rm1 easy hit

Posted by tinman > 2024-03-05 09:50 | Report Abuse

huge upside potential especially given the relatively low number of shares issued. Positives seen with company directors purchasing shares aggressively in the not too distant past.

Posted by Dehcomic01 > 2024-06-01 17:28 | Report Abuse

Ben Graham, the father of value investing, made famous the valuation metric known as the Net-Net. It is computed by deducting the total liabilities from the current assets. Many consider the Net-Net as a short hand for the liquidation value.
In Ben Graham days, he focussed on buying companies trading at a discount to their Net-Net. The logic was that if these are viable businesses, there is no reason for them to be trading below the liquidation value.
White Horse currently has a Net Net value of RM 1.39 per share compared to its market price of about less than RM 0.80 per share. Is this a viable business or is this a company going out of business?
White Horse is a leading ceramic tile manufacturer in the region and its performance over the past few years were impacted by the soft property market. It incurred losses.
If you believe that the property sector is cyclical and we are now leaving the bottom of the cycle, the performance of White Horse would improve. More important if it survived so far and is financially sound, ie not a company facing liquidation, the market must be wrong to price it below its liquidation value.
Is the market wrong or do you follow the crowd and avoid this Net Net? For more insights into White Horse refer to page 20 of INVEST https://notice.shareinvestor.com/email/newsletter/invest/pdf/Vol209-Invest-31May.pdf