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Thanks Shareflux for your views.
For this type of stock u need patience, faith n believe. Fyi info, i had quite a number of pleasant experience
in this class of stocks. I was in Juken when it was traded around 4.5cts, in ISDN when it was 11.2 cts, in
Foreland at 3.3 cts, in SMB at 22.5 cts, Swing Media at 8.7 cts, Kian Ann at 21cts. and a few more. At the
point of entry almost all the stocks were very thinly traded. There were days when buyer looks at sellers and
vice versa and nothing get traded. It was waiting, waiting, waiting n finally the day came .. Kian Ann, SMB, Juken
were taken private or taken over Foreland shot up to 5 cts plus and Swing Media went all the way to 18.2 cts.
In all these counters the trends were more all less the same but in varying degree .. management was bullish,
bottomline was improving, a fair dividend declared, balance sheet was good (except for 1), and trading
below nav. If patience n faith were not there, one will never take up these type of counters and of course will
have missed the profits too.
Just sharing and hope all will benefit from the different views expressed. To me this is the strategy i adopt and it has
served me well. Used to do some punting and realised i was not good at it but the current way of investing seem to
serve me better.
All the best to all who are here!!!
Joseph
Buying illiquid stöck needs a lot more faith and homework than say your blue chips. For once there is no house call to fall back on and you only rely on the performance of the company you invested in to back you up. I think the advice given by forum need here are valid but let Mr Market be the judge. Thanks for the info and you have pipped my interest. Will definitely look into this counter.
Buying illiquid stöck needs a lot more faith and homework than say your blue chips. For once there is no house call to fall back on and you only rely on the performance of the company you invested in to back you up. I think the advice given by forum need here are valid but let Mr Market be the judge. Thanks for the info and you have pipped my interest. Will definitely look into this counter.
josephyeo ( Date: 08-Apr-2013 01:52) Posted:
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sorry Kelvin, i am sure about this one w 3 years of improving bottom n top line.
i am only concern about those who don't understand this counter n want to come
in n make a quick buck, they will be disappointed because this is not a hot stock
and is thinly traded. It will move only when it show further improvement
in it's top n bottom line. So alot of patience n waiting time is required. In the meantime,
just sit n collect dividends.
Fyi i am personally very bullish about this counter n is heavily vested. I am sharing my
view that for those who do not look long term this counter is not for them. It's best they
avoid it unless they believe that the company can do better and are prepare to wait.
I am not a punter .. more on fundamental n long hold.
On Foreland, my recommended entry was 3.3 cts n on certain storyline. I did another
posting later to inform those who follow my posting that the storyline has changed
therefore my views on the company has changed and i had sold out at around 5 cts
per share. Those who had followed at the 3.2 to 3.3 cts would have make alot of profits.
Having said that, Foreland is still in my watch list n should the price reach a certain
point i may again take a big position.
anyway thanks, Kelvin, for your good intention. i do appreciate your views.
Since you are not so sure why insist on this counter, We have so many , and lot of choices,
Never buy counter that is not liquid, Look you the one who post on forelandf in nextinsight,
look what happen to foreland? hope this chip can soar together wiht this rally.
never buy a stock for div yield,
if a stock go down 20% a div of 10% still see u losing 10% , that is not wise.
josephyeo ( Date: 10-Apr-2013 01:52) Posted:
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once people realise the value, it will be too late to buy.
value will be realised if company can continue w a few quarters of growth (may, may not happen)
Nobody trade leh....dangerous la in case need money cun sell how??? Not vested
last traded .. 8.7cts
record date for dividend payment : 22 apr 2013
payment date for dividend : 10 May 2013
the keypoints i wish to make are :
1. the top line n bottom have been improving in the last 3 years.
so it seems that something must be right about what they are doing.
2. the latest dividend declared is 0.8 cts which is the same as the year
before that. Assuming that the company will declare a dividend of
0.8 cts for the current financial year, the total dividend received by
next year would be 1.6 cts. And if the traded price stay at 8.5 cts
the total yield would therefore be around 20% for 15 months.
3. management sounds positive n with improving conditions in China n south
east asia .. i am assuming that the company bottomline would improve further.
Quote from the company's chairman :
Into the new financial year, we expect to see more stability in the US economy and improving sentiments in China and South
East Asia. This landscape will benefit our business in North and South East Asia.
In China, we foresee growth to come largely from domestic demand. Furthermore, with energy becoming a key issue in
the country, demand for energy-saving and renewable-energy products is poised to escalate. Our teams in China and Hong
Kong are stepping up their efforts to expand their product offerings in these areas.
In South East Asia, business growth will largely be driven by government infrastructure investments. We anticipate the
implementation of an increasing number of these projects. Our South East Asian team, in addition to pursuing infrastructure
projects, is also focusing on automotive and energy meter opportunities in various countries.
The R& D division will use their flagship product – BreathOptics - as a launch pad to establish themselves in the infant care
market. Corresponding to this strategy, they will be expanding their offerings in this segment.
At the organisational level, in addition to our generic business At the organisational level, in addition to our generic business growth,
we will also be looking for strategic partnershipsthrough which we can enhance the value of Excelpoint.
4. just to share w you my feelings .. never buy a stock u are uncomfortable with, if u are uncomfortable w the company and
doubt whether the management can produce or not, it is best that u do not buy because u will not have peace of mind n may
end up spoiling your life. Buy what u are sure n comfortable with n be able to sleep w it.
Best regards n all the best to all!!!
Is excelpoint a component distributor, juz like serial system or westech elect. or gates engrg?
My personal feeling is this counter might not be suitable for the long terms invester currently. The price have breakout from 6cts and reaching 10.8cts earily this year. Current 8.5cts is still consider high base on the breakout, just because of 0.8cts dividend, it might not be worth to try the luck. Usually for dividend stock it will drop after the dividend, like last year average 5day closing price before the dividend is $0.075, but 5day average close price after the dividend $0.0658, thus total drop is 0.92cts, but the dividend is 0.8cts last year. It is subsequently trading between the range of 0.05~0.06. Thus the holder for this counter for long terms investment need to have the strong heart or just ignore the totally the counter. Otherwise they might get out from the counter after the long wait, and might not even enjoy the dividend yield at all. But for investment totally ignore is risky, it is just like buying big and small in gambling. But stock trading is an art it is not scientific, it is about emotion and manipulation of emotion. Thus it is highly non-predictable in some sense, but there is still some evidence and trend that will be able to roughly guage your approach, thus trade management is essential.
The management of this counter seems like doing a good jobs for the last few years, profit margin is improving but too little, but can they further improve the profit margin to gain attractiveness for this counter will be more the decision factor for the counter to become big player or continue to be the penny stock.
kelvinLim123 ( Date: 06-Apr-2013 18:20) Posted:
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Yes, you are good in your homework, i like this ,
say if the revenue just come short of 8% to 10%, i think they are going to see losses.
yes, the profit margin is too low. more then agree.
cheongsl ( Date: 06-Apr-2013 18:12) Posted:
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I hope u do not mind my straight forwardness, i sound snobbish, but i actually bought Hock Lian Seng and 2 other end up stuck there. in the end, i sold and lose a little.
I vested for close to 2 years, and they are stagnant .
I am sorry, why not list other good and liquid , high div counters.
i believe u have some to share with us,
thanks
kelvinLim123 ( Date: 05-Apr-2013 22:58) Posted:
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2013 dividend is 0.8cts per shares, if 8.5 cts shares the return annually should be 9.4%, I don't understand why is a 20% return. The dividend yield is consider good, but I did not vest as the profit margin is low, any unforseen event might change the profit to loss.
| ExcelPoint | 31-Dec-09 | 31-Dec-10 | 31-Dec-11 | 31-Dec-12 |
| TOTAL REVENUES (US$m) | 356.9 | 496.4 | 489.4 | 584.9 |
| NET INCOME (US$m) | -1.8 | 2.6 | 4.7 | 5 |
| Profit Margin | -0.50% | 0.52% | 0.96% | 0.85% |
josephyeo ( Date: 05-Apr-2013 16:22) Posted:
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Agree to the dot, why buy and got stuck here for a long time, this is unwise,
If u are after div yield, reit will be a better choice, don't ever buy a thing that no one want to buy from u later,
when u want to sell.
No matter how good it is, if no one is interested, it is as good as dead.
listen to the market, fundamental does matter, but if mkt not interested in this one no matter how good fundamentally it is, then we shd not also.
follow the market, don't follow yours.
victortan ( Date: 05-Apr-2013 22:25) Posted:
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yes, u are right, never buy illiquid stock. Never buy stock for div.
buy stock for capital gain.
for div .buy reputable reit.
josephyeo ( Date: 05-Apr-2013 16:22) Posted:
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this counter not for trading .. its for long haul n for dividend.
if dividend for this financial year same as previous year n assuming
its traded at around 8.5 cts per share, the return would be around
20% within a 15 mths period. U annualised it, the return would
be 15% per annum.
No vol...buy scare can't sell
trading cum dividend now
another one or two quarter of good reports n the counter will run.
that's my experience w illiquid n turnaround stock.
but it's a big " ÏF" ... can the profit improve further ?