Yup sometimes not easy to realize the gains, stagnant for a long time. Really there could be a lot of missed opportunities. And the dividends is not attractive.
I see your logic of forecasting the 4th Q EPS to be 2 sens. a fair assumption.
Effort is required to boost revenue for the mid to long term health of the company. Administrative & operating expenses is too high for my liking. In fact, I remember there was an article complaining about that. Finally, I hope the impairment of trade receivables is an one time affair. The cause of the impairment is also important. Hope they can be more careful and not due to some over aggressive sale tactics.
Although they are still on track in their recovery, they seems to have slacken. I will stay put and keep a watchful eye on the next Q results.
Thanks for the scrutiny and valuable comments and suggestions. I value them as I am not a financial guy and could read only basics. This helps us too to know better.
I hope they could improve as time goes. More so on the admin & operating expenses, trade recievables. At the same time, its vital to build up Rev as well. It will be good if I can see improved figures on that quarterly, then we know, it has grown more solid.
With 80m shares issued, and a willingness to grow, they can still leverage on that, grow its equity and business and become bigger.
Neither am I a financial guy, I only apply layman logic to analyze the figures. The A&O expanses has increased from RM1.02 mil last year to RM2.385mil. A staggering increase of > 100% and is > 16% of Revenue. My simple business instinct tell me that they have to boost up the revenue or tightening their spending in a hurry to bring the ratios down.
No detail was given on the impairment of trade receivables. Hmmmmmm..........
We are not sure to the capacity and capacity utilization of the company. Cannot comment on growth & growth prospect.
However, The balance sheet is good and RM15 mil (18.75 sens per share) cash in hand is great. There is no clear direction to the company dividend pay out policy. If they are paying a decent dividend to the shareholders while sorting out their A&O inefficiency and future plan, it will be a good & hopeful counter to own.
DC, your layman financial is better than mine. Last year's detachment from the loss making steel business may have taken its toll and reflected somehow in the early part of this financial year, more so on its impairment, writing off for good. Next quarter should reveal more if its done with. This business still have a good future. Once fully settled down, it should be doing better, as I can see its getting better abeit slowly now. Lets be hopeful that we are the early bird. Thx
Last year detachment of steel business is a good move. They did well to focus on the core business.
I feel it is important to have an insight of what the management is thinking. After all, it is people who make the world go round. The major shareholders owns > 50% shares, if they have the interest of the shareholders at heart, we will vote for them and enjoy the fruit of success together.
DC, yup no clue yet. The business there is the same as what they are doing here. So its just a regional expansion, hopefully increase Rev and Earnings. Nothing yet, not much explanation from there, just an announcement, meanwhile can watch the price.
.........................reiterate to buy SUPER RING SNACK......................... ..........................STRONG BUY CALL FOR SUPERLN....................
I proudly introduce to you, the real winner of USD counter, Mr SUPERLON Holding!
More than 51% Financial Assets are in USD currency while 95% of its Financial Liabilities are in Rinngit Malaysia currency.
The target prices and resistance point will be updated in due course.
sorry for late reply. Regarding this, I do not know and I have no idea. I am newbie still I heard peoples say I follow and quote it. Please forgive me.
May I ask one question, from which angle you wanna know the answers? You wanna know finance, wanna invest, have objection or to test me?
Whatever reason it is, I am not competent to answer. sorry bro.
RAIDER FORSEE DEFENSIVE HIGH YIELD SUPERLON WILL BE TRANSFORMED INTO A GROWTH STOCK OVER THE NEXT 1 TO 2 YR MAH....!! DUE TO STRONG EARNINGS GROWTH MAH.....!
IF THAT HAPPEN SUPERLON MY TRADE AT PE 2O TO 24X....RESULTING AN UPGRADE OF SUPERLON VALUATION TO RM 1.90 COMMENSURATE TO ITS GROWTH STOCK STATUS.
EVEN AT THIS LEVEL....SUPERLN IS STILL YIELDING DIVIDEND ABOVE 3% PA MAH.......!!
Hehe, after div go back up .meant many ppl buying. Panic buy. Div yield near 10%,, where to find. Somemore is theme play exporting stocks, sure boom someday near next quarter rpt.
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....
Firebird2
1,730 posts
Posted by Firebird2 > 2014-03-17 14:12 | Report Abuse
DC, any counters you looking at ?