hi guys,
In the midst of Market Carnage Many stocks have margin calls & sold down indiscriminately due to panic & fear
Now Calvin Tan Research sees Success Transformer to be oversold & therefore VALUE Has Emerged
And these are some salient factors about Success Transformer
1) SUCCESS AT 58 SEN WITH NTA OF RM1.36 IT IS SELLING AT HUGE 58% DISCOUNT
THIS QUALIFIES BEN GRAHAM 30% DISCOUNT AS A MARGIN OF SAFETY
2) SUCESS HAS 35 SEN NET CASH WHICH IS ABOUT 60% OF ITS SHARE PRICE AT 58 SEN
SO MINUS CASH WE ARE ONLY PAYING 23 SEN A SHARE FOR SUCCESS
IT HAS NEGLIGIBLE DEBT WHICH IS VERY GOOD AND SAFE IN A TIME OF CRISIS LIKE NOW
3) ABOVE ALL SUCCESS WAS ONE OF CALVIN'S JOHOR SIFU FAVOURITE
JOHOR SIFU'S DIVIDEND FROM SHARES RUN INTO THE HUNDRED MILLIONS
AND SEE SUCCESS DIVIDEND HISTORY
| 13-Sep-2019 | 27-Sep-2019 | DIVIDEND | Interim Dividend | RM 0.022 |
 |
| 12-Sep-2019 | 27-Sep-2019 | DIVIDEND | Special Dividend | RM 0.035 |
|
| 27-Nov-2018 | 18-Dec-2018 | DIVIDEND | Interim Dividend | RM 0.01 |
|
| 28-May-2018 | 11-Jun-2018 | DIVIDEND | Special Dividend | RM 0.015 |
|
| 05-Dec-2017 | 18-Dec-2017 | STOCK_SPLIT | Subdivision | 2 : 1 |
|
| 10-Oct-2017 | 30-Oct-2017 | DIVIDEND | Interim Dividend (with Dividend Re-Investment Plan) | RM 0.05 |
|
| 15-Dec-2016 | 29-Dec-2016 | DIVIDEND | Interim Dividend (with Dividend Re-Investment Plan) | 10% |
|
| 26-Apr-2016 | 17-May-2016 | DIVIDEND | Second interim dividend | 8.0000% |
|
| 24-Apr-2015 | 14-May-2015 | DIVIDEND | Interim Dividend | 8.0% |
|
| 19-Mar-2014 | 19-May-2014 | DIVIDEND | Interim Dividend | 8% |
|
| 22-Apr-2013 | 20-May-2013 | DIVIDEND | Interim Dividend | 6% |
|
| 08-May-2012 | 23-May-2012 | DIVIDEND | Interim Dividend | 6% |
|
| 15-Apr-2011 | 09-May-2011 | DIVIDEND | Interim Dividend | 2% |
|
| 15-Apr-2011 | 09-May-2011 | DIVIDEND_SHARE | Others | 100 : 4000 |
From its Cash Hoard Success has been paying dividends year after year
For 2019 see again
| 13-Sep-2019 | 27-Sep-2019 | DIVIDEND | Interim Dividend | RM 0.022 |
|
| 12-Sep-2019 | 27-Sep-2019 | DIVIDEND | Special Dividend | RM 0.035 |
It paid 5.7 sen dividend!!
So now at 58 sen Success is paying up to 9.8% dividend.
Since it still got 35 sen Net Cash it can afford to pay out 5.7 sen (or almost 10% dividend) for the next 6 years.
4) BUT OF COURSE DIVIDEND KEPT PAYING OUT THE COFFERS WILL SOON DRY UP
BUT LOOK: SUCCESS STANDS TO REAP A HUGE WINFALL FROM GOVT LATEST BUDGET
SEE
Third: GLCs such as TNB will invest RM13 billion in 2020, including accelerating projects such as LED street lights, transmission lines and rooftop solar installations.
DID YOU READ ACCURATELY?
THEN READ AGAIN https://www.nst.com.my/news/nation/2020/02/569732/2020-economic-stimulus-package-full-speech-text-english
(((TNB will invest RM13 billion in 2020, including accelerating projects such as LED street lights)))
LED Street Lantern By Success transformer
AND SINCE NATIONWIDE OF MALAYSIA NEED UPGRADE FROM OLD LIGHTS TO LED LIGHTS IT WILL BE PART OF THE WHOPPING RM13 BILLIONS BUDGET FOR TENAGA
Why so Good?
1) LED LIGHT IS BIGHTER
2) IT SAVES ELECTRICITY
3) IT LASTS LONGER
AND SINCE GOVT FUNDED PAYMENT IS ASSURED IN THESE BAD TIMES WHEN SO MANY CAN DEFAULT ON PAYMENT AFTER GOODS DELIVERED OR JOB DONE
5) NO WONDER FUNDS ARE GOBBLING UP SUCCESS SHARES
SEE
| FMR LLC | 09-Mar-2020 | Acquired | 132,100 | 0.000 |
|
| FMR LLC | 05-Mar-2020 | Acquired | 1,200 | 0.000 |
|
| FMR LLC | 03-Mar-2020 | Acquired | 150,800 | 0.000 |
|
| FMR LLC | 02-Mar-2020 | Acquired | 1,227,500 | 0.000 |
|
| FMR LLC | 28-Feb-2020 | Acquired | 411,100 | 0.000 |
|
| FMR LLC | 26-Feb-2020 | Acquired | 315,700 | 0.000 |
|
| FMR LLC | 24-Feb-2020 | Acquired | 113,400 | 0.000 |
|
| FMR LLC | 12-Feb-2020 | Acquired | 31,500 | 0.000 |
|
| FMR LLC | 11-Feb-2020 | Acquired | 14,449 | 0.000 |
|
| FMR LLC | 10-Feb-2020 | Acquired |
51,300 |
6) COMPANY SEEING SHARES SO UNDERVALUE KNOWS NOTHING BETTER THAN BUYING BACK ITS UNDERVALUE SHARES AS HIGH AS 90 SEN
| 13-Mar-2020 | 13-Mar-2020 | Buyback | 96,000 | 0.555 | 0.575 |
|
| 12-Mar-2020 | 12-Mar-2020 | Buyback | 200,000 | 0.610 | 0.630 |
|
| 11-Mar-2020 | 11-Mar-2020 | Buyback | 200,000 | 0.645 | 0.650 |
|
| 10-Mar-2020 | 10-Mar-2020 | Buyback | 34,500 | 0.645 | 0.645 |
|
| 09-Mar-2020 | 09-Mar-2020 | Buyback | 700,000 | 0.650 | 0.700 |
|
| 06-Mar-2020 | 06-Mar-2020 | Buyback | 5,000 | 0.710 | 0.710 |
|
| 04-Mar-2020 | 04-Mar-2020 | Buyback | 17,700 | 0.700 | 0.700 |
|
| 03-Mar-2020 | 03-Mar-2020 | Buyback | 543,300 | 0.700 | 0.710 |
|
| 02-Mar-2020 | 02-Mar-2020 | Buyback | 400,000 | 0.700 | 0.710 |
|
| 28-Feb-2020 | 28-Feb-2020 | Buyback | 800,000 | 0.695 | 0.730 |
|
| 27-Feb-2020 | 27-Feb-2020 | Buyback | 500,000 | 0.730 | 0.760 |
|
| 26-Feb-2020 | 10-Mar-2020 | Buyback | 3,309,600 | 0.645 | 0.765 |
|
| 26-Feb-2020 | 26-Feb-2020 | Buyback | 309,100 | 0.755 | 0.765 |
|
| 19-Feb-2020 | 19-Feb-2020 | Buyback | 200,000 | 0.905 | 0.905 |
|
| 18-Feb-2020 | 18-Feb-2020 | Buyback | 274,300 | 0.900 | 0.905 |
|
| 17-Feb-2020 | 17-Feb-2020 | Buyback | 81,900 | 0.905 | 0.905 |
|
| 14-Feb-2020 | 14-Feb-2020 | Buyback | 33,300 | 0.900 | 0.905 |
|
| 13-Feb-2020 | 19-Feb-2020 | Buyback | 613,200 | 0.900 |
7) SO LET'S SUM IT UP
SUCCESS AT 58 SEN IS SELLING AT WHOPPING 58% DISCOUNT TO NAV OF RM1.36
IT HAS CASH HOARD OF 35 SEN
IT PAYS ALMOST 10% DIVIDEND
IT HAS VERY BRIGHT PROSPECT AS GOVT IMPLEMENTS RM13 BILLIONS FOR STREET LED LIGHTS & ETC
FUNDS ARE BUYING
COMPANY OPERATES SHARE BUYBACK UP TO 90 SEN
WILL SUCCESS STILL GO DOWN IN A PANIC?
NO WORRY
GREAT SIFU DR. NEOH SOON KEAN ALREADY SAID IF A STOCK CAN GIVE 10% DIVIDEND IT HAS FOUND A FLOOR
See
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2018-07-05-story-h1454295521-WHY_IS_DIVIDEND_IMPORTANT_From_Dr_Neoh_Soon_Kean_s_STOCK_MARKET_INVESTM.jsp
AT THE DEEP DEPTH OF THE LEHMAN BROTHERS CRISIS WARREN BUFFET ASKED FOR 10% DIVIDEND FROM GOLDMAN SACH'S PREFERENCE SHARES
YES!!! 10% DIVIDEND IS NOW 4 TIMES OF BANK FD RATE AT 2.5% (AND EXPECTED TO CUT FURTHER)
ALSO REMEMBER THIS:
JOHN MAYNARD KEYNES INVESTED IN 2 VERY SUCCESS FUNDS DURING THE GREAT DEPRESSION YEARS OF 1929 TO 1939 WHEN DOW CRASHED FROM 381 TO 40 FOR ALMOST 90% WIPE OUT!!!
YET JOHN MAYNARD KEYNES DID VERY WELL
HOW>
THE SECRET IS TO INVEST IN US GOVT STIMULATION STOCKS OF INFRAR JOBS THAT PAY DIVIDEND
AND LED STREET LIGHTS ARE PART OF MALAYSIA GOVT INFAR JOB PROPOSAL!!!
Regards
Calvin Tan Research
Please buy or sell after doing your own due diligence
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-03-15-story-h1484863972-SUCCESS_TRANSFORMER_7207_DEFENSIVE_CASH_RICH_INSIDERS_BUYING_GREAT_PROS.jsp
