shpg22...just to add on to your comment. TIH's biz model doesn't have pricing power too, besides escalating mgt expenses. Nonetheless, the weakness in the share price of late does provide some investment opportunity.
well, 31-mar-2017 results are pretty ok, the indicator that am looking at is insurance receivables. as that shows how much more money theyre making from direct insurance busniess versus other stuff. and compared to same period last year, thvey manage to maintain better ratio versus their Insurance liabilities.
Meaning, theyre charging and earning more with lower sum assured that needs to be paid out. Which is a really good thing. topline is plateuing so while insurance business si doing well, other earningds are not. e.g. reinsurance earnings, and investments. also the cost base is higher which eats into their net earnings.
Compared against the last few quarters though their cash position seems to have gone down. and management fee as well as commissions have gone up. Also
I mean from 30+mil to 8+ mil.
he opt out options has always been there. so i don;t think it's a big factor.
At RM1.00 it's lower then release price.
EPS roughly at 12mil net income / 750mil shares =~ 1.6cents per share per quarter
so roughly they'd end the Financial year with about 5-7 cents per share. keeping some spare change and keeping some investors happy, perhaps 3-4 cents per share dividend for this financial year. assuming trajectory stays equal. i miss the days where they were crazy lean and mean in some dingy office near leboh ampang. crazy easy money.
drkervokian, from my experince, most important to investors is profit, not the cash. If the company profit is drop but cash position is increased, even the company able to pay higher dividend, but still cannot cover the capital loss.
I had issued a downgrade on price to 1.00 back in May when the price is at 1.4x after the quarterly result. But was shoot down by some ppl. Today is the day they bite the bullet.
LearnFromMistake - you should learn from shpg22. Ask ppl to run when the price is 1.40, not when the price has dropped to RM1.00. Try new name - ContinueMakingMistakes instead...cheers
@Limch... I only express my view and told my actual deals without bad intention. CEO remuneration is in its AR. I bought this stock early of the year at above 1.40 on high dividend thesis and decided to quit immediately after it announced the poor results. Afterall it is just a judgment call. Good luck to you and others too
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....
nickengk
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Posted by nickengk > 2017-08-10 10:07 | Report Abuse
wowo limch... stay cool