Is War coming ? Is Russia going to take revenge ? Brent oil price has been up for several days..and may go up further doe to intense situation. This will benefit the oil company, oil country too
I BOUGHT AT AN AVERAGE PRICE OF 2.68 TODAY AFTER READING TAN KW REPORT AND BALANCE SHEET OF FAVCO. IS A VERY STRONG AND HEALTHY COMPANY. THE ONLY WORRY IS THE CONTRACT JOBS LATER YEARS DUE TO OIL & GAS AND CONSTRUCTION SLOWDOWN.
Peter Lynch, the legendary investor who achieved a stupendous 29 percent annualised return over 13 years from 1977 to 1990 with the Fidelity Magellan Fund, wrote the following in his book Beating the Street:
“Often, there is no correlation between the success of a company’s operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. The disparity is the key to making money; it pays to be patient, and to own successful companies [emphasis mine].”
zhaikitree, 2721 & apini, yours comments are correct based on EPS, strong and healthy balance sheet. Hopefully it share price will go up following this three comments in this forum.
Crude oil price down , but oil inventory no down and still keep increasing , oil company look like don't want to stop development. So still need crane 。
I still can recall last time when media start to shed the light to muhubbah and favco... it is the end of bull run.... after china olympic.... market crash..
FAVCO is a nice counter to hold,nothing wrong at its fundamental (mostly affected by overall market sentiment),looking forward RM 4 within 6-9months.Lets see
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....
master_tan
690 posts
Posted by master_tan > 2015-11-25 19:00 | Report Abuse
Someone is accumulating the share, pushing the price close to 2.70 late afternoon. I expect price to go above 3.00 by this week.