Many people try to sell down the price Even though I had not much cash left to buy I will ask all my hundreds of member to buy up every single share from them
Holycow!! This fellow on how many days of continuous losing streak liau since it hit 7.20 the last time?? 3 continuous weeks? I should say I've never seen such acrobatic act on any counter yet this far!!! Can the Almighty please let me know just how many more days it will b on such nose-dive stunt?? Cold sweat!!!
Mr Pingdan will hold till its AGM and see how; Mr Alex ur worry is also not unfounded, this might show that the master is playing a catch and release game just like the cat playing with its catch; Intention might be to create a "cooking a frog in warm water" tactic, when the frog realizes it, it is too late to pull off liau. Sorry just sharing no intention to create any unnecessary fear. Will hold till AGM to see what really is the story..
Kak Rosmah thks for ur comment, as a matter of fact my confidence is dissipating day by day, however, since I've established a small position here I will stand by it till the day the truth is unveiled. Mr Jack it is my utmost hope ur comments on Li Hien hold, thkq!
Bonus is expected to announced soon....Homeritz, Liihen, Hevea, Pohuat all the furniture and wood players aldy declared....it is the time now for the Biggest Player to declare it....it will should up to RM10.....
Buy back oooh ya, the mgt is pressing the price down to buy back cheap, the sale down is by the management! So can they release its treasury shares back to the market whenever the market price is higher to make profit? Just personal opinion.
Honestly, its understandable new shareholders are not happy with this. Capital gain not achieved, dividend yield is low. However, technically tomorrow please buy, 70-80% will rebound.
Current price= Around RM6.60 and Rolling EPS= 82 sen PE ratio= 8.05
(1) PE ratio is lower than the othe furniture exporting companies like : (a) Homeriz (b) Pohuat (c) Hevea (d) Shh
(2) Benefiting from strong appreciation of USD. As the company exports its products to USA, Latitude Tree will benefit from strong USD which will last for a few years. From the 2014 Annual Report, about 99% of the sales were denominated in USD. Forex Rate on 30/9/2015: 1 USD =RM4.3955 Forex Rate on 30/9/2014: 1 USD =RM3.2805
(3) Net cash company. Net cash position of 80.9 mil
The problem with latitude is some big boy try to press down the price They queue the price one bid higher than the small guy and they then sell their own share to themselve while pressing down the price The price went down and so the small guy get panic and run away One stone to get two birds If the share is spilted into 5:1 It will be harder for the big guy to play with the price game
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....
Alex Chan
3,915 posts
Posted by Alex Chan > 2015-10-28 15:13 | Report Abuse
Dividends yield of 1.8%
Can't beat FD