Low 6-digits net worth can drive BMW and stay banggalou???

This post has been edited by Pink Spider: Jun 28 2013, 11:31 AM

Carlsberg ar Carlsberg, when u wanna go below RM15

means the trigger will be after Budget

Then better keep in trust account earn kecik meow interest dulu, wait Budget bomb

I today loss money

My portfolio of divvy counters always anti-trend

9-6 la bos

My tummy is doing the counting down

APM
APOLLO
CARLSBG
CSCENIC
HUPSENG
JTINTER
NESTLE

All are in profit territory except for APOLLO

For me, I'd take net cash BUT add back/deduct the effect of changes in working capital, then minus the capex.

Rationale:
- changes in working capital can greatly distort the cash flow from ops.
- when u do biz, u NEED to pay tax and if the biz is geared, interest expense is unavoidable. This is consistent with the accounting principle of "matching", u incur A to gain B, the profitability of B needs to be assessed with A being taken into consideration.

But beware, some companies put interest paid under op cash flow, some put under financing cash flow. Maybe, for the sake of fair comparison, just take cash generated from operations

Cash flow statement is quite flexible, there's no 1 "correct" standard

Kalau Earnings>FCF? Sell asap?

WTF

I slept in class when lecturer taught DCF, never got that into my brain

Need so anal meh

Basically what I usually do is, I just take

Net cash from operations (i.e. after deduct taxes paid, interest paid etc) / Earnings x 100%

Some examples:
APM 4 years average: 120%
DIGI 4 years average: 180% (u guys should be familiar with this, this is the reason why DIGI exploring the biz trust model to distribute more cash as dividends back to shareholders, it's cash generative but dividend payout restricted by its distributable reserves)
JERASIA 4 years average: -360% (apparel retail and manufacturing, working capital needs eating up its cash)

I find that the FCF model though better, the lack of knowledge on the respective industries will impair your judgement in which figure to include and which not.

FCF = net cash from ops LESS capex essential to maintain ops

But which is essential and which not? Without in-depth knowledge, hard to make this judgement. Might as well just take the simpler way out, just look at net cash from ops as a % of earnings.

V-Zero Y U

Me too

All I care about are dividend yield, the stability of dividends, growth of dividends paid from year to year, and growth of earnings to support the dividend growth.

The longer u hold a divvy stock, the less you would care about valuations. E.g. 5% divvy yield on cost, if u hold 10 years that's 50% of ROI based on dividends alone. Don't tell me that stock would fall 50% over 10 years

No action to portfolio needed then, thanks

I'm looking to accumulate APM if it drops below last week's low of 4.80

This post has been edited by Pink Spider: Jul 1 2013, 09:24 AM

u got no childhood

u did not go to public school

This post has been edited by Pink Spider: Jul 1 2013, 09:34 AM

So cheapalak punya food, internazionale skool kids where will eat

An investor is not concerned with that, only day trader would be interested.

This post has been edited by Pink Spider: Jul 1 2013, 09:52 AM

Nestle suddenly wake up

All negative