August, and I guess today since it is the last trading day of the month. But note that this is going to be a marathon, hopefully slow and steady with better days ahead.
BCB seems to be moving in the right direction. I mentioned earlier that in my view there are 2 main negatives ie zero dividend and too many family members on the Board.
Now that dividend is declared after a lapse of 13 years ( since 2000, as per Bursa website ), hopefully the company will bring on board more professionals.
This company has just registered the highest annual net profit over the last 15 years, and it is very likely that it may achieve another new record circa RM50mil net profit for the new FY ending 30/6/15 if it can maintain its momentum as seen in its latest 4th quarter result just ended 30/6/14.
Given the reasonably good location, its Home Tee project alone should provide clear earning visibility for the next 3 years. Of course, its other projects in its home state - Johor will also supplement its income stream. It should climb above RM2 in a year or two if its PAT climb to RM 50mil pa. http://bcbbhd.com.my/branching-out-in-kota-kemuning/
Home Tree landed properties of 1.8 bil GDV . Heard launching 2nd phase soon. Already sold almost all of phase 1. Bungalows of less than 3 million still in demand. Highest revenue per quarter of rm 100 mil and pat of 13.2 mil. If can maintain 13.2 mil per quarter, that will be rm 52.8 per annum . Something to look forward to, go for marathon not sprint. Should not contra, otherwise mati.
Excellent revenue and profit YOY grow with very attractive PE ratio. Those who brought recently and can hold for 6 months, you will have handsome capital return with min > 50%. This kind of stock is for investor and not those speculator. Happy investing.
With the 4th quarter at historical high of revenue RM 100m and PAT RM 13.5 million and first ever dividend of 3 sen per share, hopefully BCB will improve further from hereon.
Concerto, Mont Kiara with GDV of 575million is at the topping up stage, slightly more than 1 year to completion. Progress billings should intensify now.
Home Tree, landed properties, GDV 1.8 billion almost sold out for Phase 1. Phase 2 will be launched soon. Show house almost completing and will help to show buyers the quality of work and materials. On going progress billings should build up.
Medini Iskandar, small apartments of GDV 1 billion plus should be launching soon, too.
On going housing projects at Johore have always been the bread and butter of BCB.
Hopefully, management emulates other very successful small-cap developers like Hua Yang and KSL by being proactive and engage more with fund managers, analysts and the investing public. Loyal shareholders should be rewarded accordingly.
Maybe there were too many sellers who had sold their shares today do not know or believe the potential of BCB. :-( BCB could be like another KSL. Both come to Klang Valley from Johor to scale greater heights. The next few quarters will show BCB's greater success.
i have been accumulating from 1.35 - 1.40 for a few weeks already..yesterday took all sellers at 1.43 n closed it at 1.46..today only did for the closing at 1.48.. i m comfortable with the chart..fundamentals i m relying on some of u.. so i would continue to add next week..i hope to time it nicely, having a nice position before it breaks above 1.55 for us to huat together..
cherry..if it cant stay above 1.50 by end of october..i may EXIT..as of now i m still comfortable..only a relatively small position here ..n prices NOT BREAKING DOWN..thats KEY..i m a trend investor, not a contrarian..
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....
camel
316 posts
Posted by camel > 2014-08-20 20:38 | Report Abuse
mysterious counter!