Interestingly, this article mention Lim Chai Beng, Major shareholder of CBIP (another of my favorite counter). I understand that Jessica & CB LIm are close business assocaite.
I am more interested in quality shareholder like Kirby International Private LTD which rank 8th in the Top 30 shreholders list of superlon
Dan, thx for the information. I was collecting, but it was a slow process as not many transaction per day. Mine avg below Rm0.50. When I read through i saw CB was the 12th largest shareholder if not mistaken. After going throu the details i knew i have to buy
u looks very active after upgrading...hehe i am not going to change loh...afraid my fruit can't find me...hehe good night, hope SUPERLN gap up and flying high on next monday...hehe
After disposing their loss making steel manufacturing business if I am not mistaken, their earnings and profits will be more stable and hopefully improved significantly. For the current price, its good enough to have a stake.
FT, got to learn from you guys how to make more $$$ using short term methods, I don't mean those intra day trading, but hold for a short term till have some gains, for these I have asianpac and sbc.
DC, ok, I will leave my doors including windows open for the God of Prosperity and will wellcal and welcome the God LOL
Sorry FT, don't believe in Scheme Cepat Kaya. If the price goes up too fast, I do take trading profit but I believe in building a strong portfolio of investment.
Leverage with share fanancing? Yes. As long as you can serve the interest and don't get yourself 'Game Over'
To me, Buy low & sell high along the trendline & exit if price > fundamental value is the safest bet. But still a BET
Past years results were not good for Superlon. Rather than of the view that its the result of poor management, I thought they were OK as they do think of diversifying into a related business and active in increasing top line, this failed, and management has taken action to let go its steel manufacturing business.
EPS for 1H current FY2014 is 4.38cents, and looks already stabilized without the loss making steel manu business. Assumption, if maintain for the whole FY, shd be at least 8cents Current price 56cents, PE will be 7 Lots of room to move up still, even more if EPS increases. Cant expect a stable business to have PE less than 5
fb2, how about the cash flow? danchong, fin report seems to be too complicated for me to understand, so I prefer to see the chart and act accordingly...hehe
Cashflow has improved tremendously. I am not an expert in financials, but at least able to interpret some figures. From the FY2013, the year which they detach the loss making steel manu business, operating profits is positive +9mil. Cash and cash equivalent improved to 10.6mil at end year from 3.7mil earlier year. Small debt around 2mil, same as prev yr. Looking good
Superln at current price definitely a good price. Balance sheet improved a lot ever since they stoped the loss making steel pipe division. They manage to improve their profit, maintain positive cash flow, improve cash and bank balance but at the same time reduce DEBTS ! this is a very good sign. I'm waiting at 0.53 or lower to sapu.
If foreign fund keep selling like mad and more bad news from China, 0.53 may happen. Since the market condition more favour on downside, i better wait.
danchong, agree with u, this counter already oversold and i dont think any trader look into it at this moment...so further sell down is minimum....hehe
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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....
tjhldg
27,218 posts
Posted by tjhldg > 2013-10-11 15:17 | Report Abuse
testing