FLBHD (5197) - Focus Lumber and value investing.
Q4 results 8 sen on $ 64 million revenue.
Full year 19 sen on $ 200 million revenue.
but no dividend proposed.
what is amazing is............cash and investments $ 90 million or 90 sen per share.
total NTA $ 1.55 per share meaning rest of NTA of 65 sen generates earnings of 19 sen. Returns on invested fund 29%.
But the share is half dead throughout the year.
How to do value investing in Malaysia?
With cash and investments $ 90 million and little need for funds....why so little dividend?
Forecast and what to do?
Irrespective how good the fundamentals, my forecast, the share will do well for 1 or 2 days and fizzle out soon after. ....until and unless they do some corporate development work.
What to do with value investing? Can give superior returns or not?
Why is value investing so under appreciated in Malaysia?
FLBHD (5197) - Focus Lumber and value investing.
http://klse.i3investor.com/blogs/stockman/116400.jsp
