Hi Dan good move, I did take some out days ago but today I didn't let go any for I think there must be some good news besides its fundamental so for the remaining shares I'll wait for the news.
I don't believe there's a takeover bid. It's a family control business and I don't think they will sell. Fundamental is good with low PE. A re-rating to higher PE is possible. It is not an explosive business & I can see any justifications to this sudden hike in price.
Tony thanks I'm just lucky to pick it up when nobody is interested.
Dan I agree with you that there won't be any takeover bid, But from the way the share moved I think I'll hold on for awhile, besides if I clear YOCB I still don't have any share that I like to buy.
BTW I don't have any Hevea share though have been watching it since .70.
All clear bet 1.86 - 1.89 but still monitoring it since it has collected another 5M from Singapore, If included in this coming Q report it may push it to about 17 sen so it may move the price a bit and may be higher interim dividend at the end of this month. What I don't like is their proposed medical business.
Aunloke, will take a look at multicolor. What is your concern in Hevea? I am not sure of its economic moat. I am not worry about their high gearing as they have taken appropriate action to deal with it. In another word, is their earning sustainable?
Back to YOCB, the value is reflected to a higher level now. Which is what we hope will happen when we buy. It is not a high dividend yield counter. Although there is sign of slow dividend growth. I am still having doubt to consider it as one of my long term core holdings.
Is the price overheated? Is it just the beginning of an exponential growth path?
My guess is the current price is on the high side of its 'historical' value. I will trade 25-50% of my holdings along the anticipated trend line.
Dan I agree with you that YOCB share price has past its fair value,it has made the move just like I view Hevea , last year if I didn't pick YOCB I would have pick up Hevea or others like Homeriz , SBC ... . Overall many stocks have moved up to its FY or higher that's why I find it hard to get the stocks I really have full confident to buy, I already in 50% cash position and this is one of the reason I still hold on to YOCB.
go baby go where u want to go, I'm on free ride! Thanks to all who spend their time n wrote lengthy analysis on this "least sexy" baby - know your FA then wait for TA works very well indeed
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....
1901
532 posts
Posted by 1901 > 2014-01-24 10:31 | Report Abuse
did you notice any good/bad sign of upcoming results, soon?