Continuing from my previous post: Here's another perspective to look at. Cash balances and money market funds amount to RM105,719,000 which is equivalent to RM1.02/ share
At current price of RM1.30++, the rest of the business is valued at 20++ sen.
May be Fabien Extraordinaires calculation is correct and its under value if using NTA or they have a lot cash but if the cost is high. short of timber , sales is low , margin is tigh. like what the q report has mention. what will happen to next Q report ? will they solve those issue ?
Floor Value should be@<1.18. But..ROE, ROIC, sales, profit n margin all declining...!!! Maybe below 1.5x its floor value or NCAV can consider...!!! TQ!
I've told you all too many times I got News from insider,this Year no divided And the share going to big drop due to strength myr,low sales volume, log supplies issue,taxtation increase,production cost increase and Big fish disposed flbhd silently
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....
Fabien Extraordinaire
2,012 posts
Posted by Fabien Extraordinaire > 2017-11-24 18:11 | Report Abuse
depends on ur investment horizon
if u have a short term view, there's no catalyst in place for u and i suggest that u stay away from flbhd