Posted by tonylim > Sep 30, 2013 11:51 PM | Report Abuse Kcchongnz at one time you were looking at freight. Any further notes on this one. Diam diam ubi. Ilb cenbond ttnt yinson all sudah jalan kuat. Looks like a theme play for some time now.
of course. Freight grows very steadily with revenue and net income growing every year at 11% and 18% respectively without fail for at least the past 5 years. Its operating numbers are all resembling a great company with ROE and ROIC at 16.4% and 17.4% respectively. CFFO is always positive and always above its net incomes, signifying its good quality of earnings. Its balance sheet is healthy. There is always free cash flow every year. It doesn't need much assets to provide those kind of performance.
How about its price? Here you don't expect a great company to be selling cheaply. At the close of RM1.55, PE ratio is 12 and enterprise value is 9 times its ebit, not cheap at all. But in view of its performance, I would say it is not expensive neither.
I am still in Freight, but through its warrants. Its warrant's price is really cheap. See the link below:
Freight Management is the best logistic company in Malaysia. Its management is top notched, never fail to enhance shareholder value year in year out.
For the last 5 years, the management has done so well in the business that the stock return a total return of 256% (see table below), of a compounded annual rate of 29%. Last one year alone, the stock return 64%. Note I haven't even take into consideration of the free warrants given last year yet. This performance is way way above the return of the broad market averaging 10% a year by hundreds of miles!
So who is really stupid?
I say the person who every minute looks at the stock price and if it doesn't move, keep on chanting "stupid".
Didn't I say the stock market is not suitable for this type of people?
Freight 1.56 15/11/2013 Period 2-week 6-month 1 year 2-year 3 year 4 year 5 year Price 1.49 1.33 0.95 0.98 0.82 0.68 0.44 Return of stock 4.7% 17.3% 64.2% 58.6% 91.0% 128.3% 256.6% CAR 230% 37.6% 64.2% 26.0% 24.1% 22.9% 29.0%
Chongbh2...... I admit I am impatient, but time is money, if we buy a stock is without considering a time frame for it ? How long we need to wait it ? This stock is totally illiquidity ! I nvm seem a stock like this.....
tony, I see that you made a lot of money from this warrants of this illiquid stocks; no fund manager covering it; not in the apaini stock tracker, etc.
Me too. I bought a lot average at about 45 sen and sold all at about 59.5 sen. 30% gain in 3 months from this damn bloody illiquid stock, non investment grade.
Totally agree with Mr Brent. Freight Management is an excellent company. Well managed with steady profit growth for the past ten years. Fairly low PER and 16% profit growth for the past 5 years.
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....
davidkkw79
5,068 posts
Posted by davidkkw79 > 2013-08-30 14:08 | Report Abuse
whoever has this stock shareholders, they just keeping only for receiving dividends... noone want to sell out....