Ah alright.
Just take the operating profit minus the tax and interest will produce a more uniform FCF. 

Slowly converting to a yield based investor. 

Kalau Earnings>FCF? Sell asap?

WTF

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

Hmm.
Did I get it wrong? You mean exclude those from capex? 

Gark is FCF Master now 

Some more,  he can modify the formulas 

Dracula and Vampires better don;t play play with him.

Sorry, I don't follow this. Please explain/help.

Cheerio.

P/S Any good book or web site I should go for a good and detailed read on FCF? Thanks.

Many thanks.

I was expecting "FCF - the Bible"  by The Gark. Ha.

Cheerio

Checked my library. Got Investment valuation but dont have the little book (got Little Book of value stock, tak sama).

Found this on the web. Can get a free copy of the Little Book from NY Uni! Note this is a draft copy only. But should still be good.

people.stern.nyu.edu/adamodar/pdfiles/papers/littlebookvaln.pdf

Thanks.

I would not make such an accusation.
I think it's possible for a company like Apollo to have developed a strong export market.

Something like this below

In Kayel, I am not sure which supermarket carries Apollo product.
Maybe I am not that observant.

I am not too surprised if Indonesia is a big market for Apollo.

Those in a plastic jar?

Is this it?

I can see that Apollo has readily stated how many cartons per 20 foot and 40 foot container.
Looks like Apollo is really more export oriented nowadays.

Alex doesn't like Cypark. 
http://nexttrade.blogspot.com/2013/07/cypa...eceivables.html

Please sell it down. Let it corrects 20% ok ah? 

Objection!

I still don't like the name. Hehe..

I feel there's a valid point here.
Two stocks come in mind.
Muhibbah, which got into big trouble with its receivables from APH.
Wasn't APH deemed to be 'safe' at one point.
and then we have the political mess with Puncak Niaga.

444 days average is extremely high.
What I will also do is take into consideration on how fast the receivables is growing.
For example, end of 211, CPark had 200 million in receivables.
Alex now notes that CPark has 260 million in receivables.
We get receivables growing 60 million in one and a half years.
That's a lot.

During this one and a half years period, CPark only recorded some 42 million in net profits.
For me, this says the receivables is growing more than its profits.
Which is no good la.
Badly managed.
Did I say the name is lousy too?

The other question still is why.
Why so much?
Why so long?

Too free lah. You think I want to spend my time admiring how MAS is now up one big sen to 32 sen.

SaiPark... no no no...  lousy name.

Too smelly.

Ah... I just see.
Apollo up 10 sen.

Water tariff going up is it? Puncak 

Charts look like dead cat bounce for past few days

Final dividend of 5 sens per ordinary share of rm1 each. Does this mean the dividend is for every rm1 or does it follow the stock price which is example rm2.50?  

Yes, Aberdeen is in Scotland but the staff in Aberdeen Asset Management here is mostly kampung orang.

UM is also being accumulated by Aberdeen and they have been buying for a very long time. Too lazy to check when they started but here's a sample link to show you that they have been buying since 2010. http://www.bursamalaysia.com/market/listed...uncements/33389