If we annualize the EPS. Profit not so good resulting P/E ratio on the higher side. Management said log prices will remain high. Additionally, there was a shipment delay last quarter and sales recorded in this quarter. If no delay, results would have been worst this quarter.
Moving forward, given the log supply issues, can expect the annual EPS to be about RM0.061 per share. If based on previous dividend payout ratio, can only expect a dividend of RM0.02 (if declared). With the uncertainty of the dividends and when the log issue will be settled, I agree that the stock price will drop to below RM1.00.
When next 2q come out+no divided issue They will sell below Rm1 for sure.... 1q18 & 2q18 very worst,now i warning u all Run....b4 late...price will drop below Rm 1 and no divided
Don't worry and its too late to dispose now. According to the management the worst is over. The plywood demand is strong and the price is catching up with the escalating cost. The prospect is positive.
if no annou div next qr comfiirm holland and downtr3nd is unknown belive me see tambun now 90sen last time more than 2 ringgit tropicana more pitty only 87sen last time 2.50 ringgit ?
Mkmk,do u remember b4 4q17 come out I've call u all Run ady coz the results very bad due to log supply issue and high production cost,but u all stubborn and laugh at me... Now u all lose money in FL...now i say 1q18 & 2q18 Bad than yoy due to currency lose and log supply issue and low sales volume ...do u all believe me or not??
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....
investabc
129 posts
Posted by investabc > 2018-01-23 14:35 | Report Abuse
FL has lots of cash and no debt. Cheers