Posted by Alex Chan > 2017-05-27 00:56 | Report Abuse

No wonder it fell, dividends suck big time

Posted by Alex Chan > 2017-05-27 01:26 | Report Abuse

Dangerous. Don't see why they can't pay at least 50%dividends unless they are not confident and need to raise provision for BD in the near future

Posted by tecpower > 2017-05-27 01:46 | Report Abuse

Dangerous? haha

For full FY17, net profit doubled to RM78.95 million against RM39.57 million in FY 16, mainly from the enlarged loan base in its consumer financing segment.

Posted by yuanlong57 > 2017-05-27 03:46 | Report Abuse

Aha, exactly as I have predicted, the 4th QR was released Friday, 26 May.
Bravo RCECAP for the stellar performance.
Congratulations to all RCECAP investors who have been anxiously and patiently waiting for the QR release.
Kudos to all RCECAP 兄弟们 (brothers/sisters) who have passionately contributed valuable views, in-depth knowledge, technical analysis, etc to keep forum "kopitiam talk" lively, informative and exciting.
Looking forward to dynamic price movements and active trading on Monday.

Posted by ahhuat02 > 2017-05-27 09:14 | Report Abuse

limit up. get ready and stay tuned.

Posted by Multibagger > 2017-05-27 10:43 | Report Abuse

Rcecap unlike banks, it can't take deposit from general public for its lending business. it needs to borrow or raise fund from shareholders to grow ( Aeon credit is doing right issues to raise fund). Hence, if it adopts high dividend payout, it may have to raise fund in order to grow. Moderate dividend payout and keeping fund to grow will be better for a smaller size company like RCE. My 2 cents.

Posted by Firefox > 2017-05-27 16:11 | Report Abuse

Hence, rce will be the second aeoncr hehehe

Posted by ahhuat02 > 2017-05-27 16:17 | Report Abuse

i will hold until i get the dividend guys dont sell your shares cheap .... and dont play contra this counter is long term five star stock

Posted by yuanlong57 > 2017-05-27 20:47 | Report Abuse

Post 4QR Release, it's now a highly debatable "TELL ME WHY, TELL ME WHY?" situation.
1. RCE Capital 4Q Triples but 3 sen dividend?
2. Net profit doubles but no special dividend?
3. Management confident of sustaining FY17 performance yet 3 sen (FY17) vis 14 sen (FY16)?
It's totally against conventional thinking logic, isn't it?
TELL ME WHY, TELL ME WHY?

Posted by ahhuat02 > 2017-05-27 21:10 | Report Abuse

maybe they got something to do with the retained profit...i now learning finance and banking courses..... if they give big dividend,investor are happy but their cash flow is less and no fund to finance other investment or what project....so stay tuned they will release good news soon.... just think about that... everything happen got its own reason, they dont give high dividend sure got something do with those profit ... if u dont trust in this compnay, of courses u just left it and find other company can do better than this

Posted by yuanlong57 > 2017-05-27 21:57 | Report Abuse

Ahhuat02, congratulations for being the first person to respond to this discussion topic.
Glad to know you're taking financial and banking courses. It will greatly help in investing.
Fully agree with you that the management has valid reasons to declare 3 sen dividend despite good performance.

Posted by Cockcroach > 2017-05-27 22:34 | Report Abuse

Is it correct? Many of rcecap shareholders average price is around
2.70 ex-consolidation?

Posted by Cockcroach > 2017-05-27 22:37 | Report Abuse

Thats assuming one bought around 0.75 last year.
0.75x4=3
3 minus 0.30 capital repayment=2.7

Posted by ming > 2017-05-27 22:42 | Report Abuse

Im feeling okie with the dividend.. they keep it and allow them to borrowing out more..

Business gowth further.. y not

Posted by yuanlong57 > 2017-05-27 23:02 | Report Abuse

Ming, good long-term thinking.

Posted by ahhuat02 > 2017-05-27 23:03 | Report Abuse

we must think at least got dividend ... haha

Posted by Lysrn Teoh > 2017-05-27 23:43 | Report Abuse

Yup, this economic still got dividend pay out then consider good. Some of the company performance good, also declared little dividends or.some not give dividend. Just think positive~~

Posted by yuanlong57 > 2017-05-28 01:32 | Report Abuse

cockroach, not quite correct. Check out this link.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4913345

Posted by yuanlong57 > 2017-05-28 01:43 | Report Abuse

Lysrn Teoh, you've have a good point. Some companies with losses, no dividends but Directors ask for increase in fees. Some with good performance with no dividends declared but Directors continue getting good fees.

Posted by Lysrn Teoh > 2017-05-28 02:29 | Report Abuse

Haha.. because I'm studies finance & marketing last time. So market and finance will affect each other. Some directors like to play for win win game, they need lots of funds to control the market. But RCE will giving you a good news and result coming ahead.

Posted by Apollo Ang > 2017-05-28 02:32 | Report Abuse

no studies for me only books about bursa.....hahaha

Posted by Cockcroach > 2017-05-28 07:20 | Report Abuse

Yuanlong57

Am trying to find out the average ex-consolidation price.
Assuming buy at 0.75 sen/share
Capital repayment 0.075/share
0.75-0.075= 0.675

Consolidate~ 0.675x4 =2.7

No? Anyone knows?

Posted by Multibagger > 2017-05-28 07:23 | Report Abuse

It's ROE is around 17%, i think its ok they keep profit to continue to grow. If ROE is low single digit, then I prefer them to give more dividend to me for investment in other stocks. Unlike some other businesses, cash is their inventory...they need cash in order to generate more business. Again my 2 cents.

Posted by yuanlong57 > 2017-05-28 09:10 | Report Abuse

My honour to learn Finance/Marketing/Banking 101 from RCECAP KOPITIAM forumers.

Posted by yuanlong57 > 2017-05-28 09:18 | Report Abuse

multibagger, CASH IS KING in volatile, uncertain market.
1. A friend of mine shared his finding that unit trust funds with about 25%-30% cash allocation fared very well in EDGE-THOMSON LIPPER AWARDS & MORNING STAR AWARDS.

Posted by Kukuman > 2017-05-28 09:51 | Report Abuse

What a excellent results ! Revenue increased by 30% compare with corresponding quarter. Profit increased more than 100% !

Posted by Multibagger > 2017-05-28 10:24 | Report Abuse

yuanlong57..can you pls explain more so that I can learn also..do you mean unit trust fund now keeping higher level of cash in anticipation of market fall soon?

Posted by Cockcroach > 2017-05-28 10:34 | Report Abuse

I think most people who bought before the share consolidation is holding at a loss now.
I am trying to find out all in detail because i like to buy this counter

Posted by splaw > 2017-05-28 10:56 | Report Abuse

@cockcroach. If not mistaken the pre ex price is RM0.27.

Posted by Cockcroach > 2017-05-28 11:20 | Report Abuse

Splaw
The 5 years chart showed 0.50 lowest in 2013 and 0.70 lowest for 2016
So , whomever bought around 2013 is in the money.
Those bought around 2016 is holding at a loss
This is my finding

Posted by Cockcroach > 2017-05-28 11:23 | Report Abuse

Your 4000 shares become 1000 shares only but price adjusted higher

Posted by splaw > 2017-05-28 11:27 | Report Abuse

The chart you mentioned has probably been adjusted for the consolidation.
Bought in Jan 2016 at RM0.255.

Posted by Cockcroach > 2017-05-28 11:31 | Report Abuse

Ok splaw. Will find out more. Thank you

Posted by yuanlong57 > 2017-05-28 11:33 | Report Abuse

Apollo Ang, books on Bursa only?
http://mebfaber.com/2017/05/22/1-investing-book/

Posted by Apollo Ang > 2017-05-28 11:36 | Report Abuse

sure cos us books doen's apply in bursa the muslim bourse.....haha

Posted by Cockcroach > 2017-05-28 11:42 | Report Abuse

Learnt something today. Share split or bonus issue, price reflects as it is but it is total opposite for share consolidation. It does not reflect the pre-price. Ok get it

Posted by yuanlong57 > 2017-05-28 11:46 | Report Abuse

But, the rules & regulations & operational management of all bourses in the world were propounded by the westerners. Bursa Malaysia, Hong Kong Stock Exchange, etc. are but corporate names only. The principles of investing transcend borders. Ha, ha, ha.

Posted by yuanlong57 > 2017-05-28 12:33 | Report Abuse

cockroach, glad you have finally grasped the point through your discovery.

Posted by yuanlong57 > 2017-05-28 12:41 | Report Abuse

cockroach, you can backtrack the threads in this forum to year 2016 to get more details on capital repayment and share consolidation exercise.

Posted by Cockcroach > 2017-05-28 12:42 | Report Abuse

Posted by yuanlong57 > May 28, 2017 12:33 PM | Report Abuse

cockroach, glad you have finally grasped the point through your discovery.


Everyday can learn something if we bother...heheh

Posted by yuanlong57 > 2017-05-28 17:24 | Report Abuse

multibagger, the higher cash allocation is not in anticipation of market crash.

Rather, it is more for leveraging on uncertainty or volatility to exploit bottom-fishing of undervalued securities.

Secondly, to rebalance the fund portfolio according to the changing market cycles.

Thirdly, adopting an active asset allocation strategy to protect, preserve and optimize capital growth.

Posted by yuanlong57 > 2017-05-29 04:58 | Report Abuse

1st day post 4QR. What's in store for RCECAP?

Posted by Multibagger > 2017-05-29 05:45 | Report Abuse

Yuanlong, thanks for the clarification.

Posted by yuanlong57 > 2017-05-29 06:18 | Report Abuse

Multibagger, you can check the fact sheets of the award-winning funds for verification. Click on this link.
https://www.fundsupermart.com.my/main/fundinfo/Eastspring-Investments-Equity-Income-Fund-MYPRUEQI

Posted by Lukesharewalker > 2017-05-29 09:29 | Report Abuse

Those who thinks it was a good QR, plenty of shares for you now

Posted by Cockcroach > 2017-05-29 09:30 | Report Abuse

Ya....bought in for long term. Buy and sleep on it

Posted by Lukesharewalker > 2017-05-29 09:40 | Report Abuse

Those who bought on anticipation of a good dividends payout is dumping the shares

Posted by paperplane2016 > 2017-05-29 09:41 | Report Abuse

Not this quarter. I heard next few quarter for special div

Posted by Lukesharewalker > 2017-05-29 09:45 | Report Abuse

Circa 1.2% dividends payout...impressive

Posted by Lysrn Teoh > 2017-05-29 09:57 | Report Abuse

People always think like that. Look back Year 2015, RCE from average 0.7 become today 1.84. People will think I missed it, before so cheap and why I didn't buy in at that time? Example Genting, before also very cheap and now very high price but still got investor willing to enter the market. Just my 2 cents. Nobody never know how much is this share worth for. When you chasing at low price but some investor think it's a potential share and they are chasing for high price and high performance.