Wednesday, December 11, 2013
Looks to me like a good time to short the FKLI Futures which has gone up quite a bit due to "window dressing" activities. All the major world stock exchanges are retreating now and our local bursa will follow likewise as the window dressing activities are only temporary. All that "tapering" and "hitting the debt ceiling" talks will soon come back to haunt the markets again.
Posted by Stephen at 1:17 PM
Wednesday, November 27, 2013
FACBIND FINANCIAL RESULTS
CURRENT YEAR QUARTER
CURRENT YEAR TO DATE
|2||Profit/(loss) before tax|
|3||Profit/(loss) for the period|
|4||Profit/(loss) attributable to ordinary equity holders of the parent|
|5||Basic earnings/(loss) per share (Subunit)|
|6||Proposed/Declared dividend per share (Subunit)|
AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
|7||Net assets per share attributable to ordinary equity holders of the parent ($$)|
Well, the quarterly results has been very good as expected, due to profits from sale of assets.
The net tangible assets per share is RM2.61 while the cash backing per share is about RM1.75. Compare these figures with the current share price of RM1.24...need I say more?
It will certainly help if the management tells shareholders of their plan for all that cash!!!
Posted by Stephen at 8:53 PM
Sunday, November 24, 2013
|“How can I count the trees?” Stepan Arkadyich said with a laugh, still wishing to get his friend out of his bad mood. “To count the sands, the planets’ rays, a lofty mind well may...”|
“Well, yes, and Ryabinin’s lofty mind can. And no merchant will buy without counting, unless it’s given away to him, as you’re doing. I know your wood. I go hunting there every year, and your wood is worth two hundred roubles an acre outright, and he’s giving you seventy-five in installments. That means you’ve made him a gift of thirty thousand.”
Posted by Stephen at 10:01 PM
Thursday, November 21, 2013
STAREIT has announced that the frequency of income distributions has been changed from half-yearly to quarterly- more frequent payouts means better cash-flow for passive income enthusiasts!
It also announced an Interim Income Distribution of 1.9175 sen per unit (of which is taxable in the hands of unitholders) in respect of the financial quarter ended 30 September 2013. (Ex-date: 4 Dec 2013/ Payment date: 27 Dec 2013).
If we annualise the payout, the after-tax distribution will be equivalent to 6.903 sen, giving an income yield of 6.76% per year at today's closing price of RM1.02 - again, so much better than fixed deposit rates.
Posted by Stephen at 11:03 PM