QUOTE(gark @ Feb 13 2014, 10:00 AM)
Got another graham net net company.. but the business (Very) stagnant.. however cash rich with very good free cash flows... no debt whatsoever. Net cash per share about 34.7 c / share....
Accounting for the net cash the company is selling at 2x EV/Ebitda...PE 8x, DY at 6% ..
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3@9*
This company manufacture raw materials for wood products... with the recent good sales of wood products, wonder will the growth pass on to this company...
Good value or value trap?

QUOTE(gark @ Feb 13 2014, 10:29 AM)
Hmm.....

Further check review that majority of raw materials imported on USD terms while sales in RM terms...

Got time now...
You talking Hexza is it?
I was just looking at the back prices....
In 2010, just before the stock went ex for its dividends, Hexza was trading at 685.
Today it closed at 65.
So a long term investor only gain dividends, which I think is not too bad.
Lazy to count leh... please feel free to add in how much....
Is this enough?Cukup ka?
For holding a stock so long?
I know.. some would say yes...
Some greedy people like me... might say no.

Anyway so why isn't the stock performing?
I think is earnings is poor and very small.
Kacang putih earnings...

This is the past earnings.
FY2010 - 15.8 m
FY2011 - 12.1 m
FY2012 - 6.1 m
FY2013 - 8.45 m
FY2014 - 1 quarter - 1.020
Trailing - 8.8
FY 2013, showed some turnaround but as you can see its very small.
Very not exciting, in my opinion, this is why the stock has not gone anywhere at all this few years...
(you also can see the stock drifted sideways and lower after its last dividend end Nov)
Can this situation change?
Value plays... err ..... you know la me.... I somehow not a keen pure value player.
I want to see the earnings growth...
So for Hexza fortunes to reverse, I want to see the earnings growth.
Yes, last quarter earnings improved a lot (over 50+%) but the numbers used was so small.
Earnings improved from 672k to 1.02 m.
Too small numbers comparison, so I won't go gung ho over the 'improvement'....
If I want to trade this one...
I want to see volume increase....
I want to see earnings improve...
Else, it's a no go for me.
My 3 sen leh...