the only problem...the equity (Price level) has to be even lower than last time 2.09 to trigger it again...unless margin King cashed out some of his investment.
Flb registered 7 million futex gain in 2015. So if you strip off the amount from 2015 net profit. The EPS is about 21 cents. If you refer the myr rate at the end of 2015 it was about 3.6. Best in mind that flb has a net cash of around 60 cents/shate so theotiticalky it should worth 2.7 if based in PE 10. With the crude oil price unlikely to go above 50 ringgit at the current market oversupply condition. I don't see runggit can reach 3.6 in 2016 needless to say 3.2. Flb also registered grow in revenue in 2015 and us expecting it to continue in 2016 due to improve U.S. economy. Q1 in 2016 result will give some hint in it. The company also gives 150 dividend in 2015 or DY 6.5%. Basically at current price it is still quite attractive.
Aeric sifu, so fast one meh? 2 months ago people still afraid that RM will go lower than 450. now people oni talk about wanna meet to talk freeze production in next month. & Malaysia got its own issue. Next month Bank Negara change head wor...what if the head no good?
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....
tksw
12,839 posts
Posted by tksw > 2016-03-16 11:02 | Report Abuse
this time challenge 270, if successful, jia lat liao