The most recent balance sheet that Danco had liabilities of RM55.2m falling due within a year, and liabilities of RM14.9m due beyond that. Offsetting this, it had RM111.1m in cash and RM53.1m in receivables that were due within 12 months. So it actually has RM94.1m more liquid assets than total liabilities.
B4 price can go up....sellers keep appearing....con stock forever... Doing well....well managed..all seems OK.....but when it comes to share price...forever the same style....sell sell sell.....thats all its good for....
Looks to be on track for the E&E department. While overall result its not bad but its not too good either. The fluctuations within the trading department are already priced in by the market. Growth remains to be seen whether E&E and metal stamping will cater for a sustained growth.
My overall rating for this result is 7/10; the lack of 3 its being the revenue growth is not guaranteed to be sustained, the growth in revenue and profit are attributable mainly to the trading department, which is again priced in.
While the 7 is for its sustained dividend payout, no decline of revenue seen in its main departments for now, healthy loan repayments and great inflow of cash + controlled outflow of cash.
We shall see what does the management decide to do with the next phase of acquisition. Looking forward to the next level of acquisition as DANCO remains nett cash, the extra cash can and should be used to generate more income rather than 69mil in FD.
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....
roger3210
5,151 posts
Posted by roger3210 > 2024-07-23 13:04 |
Post removed.Why?