If think like that....
house sure win lor ......

....come back after CNY .....

Results were really poor la.
Second consecutive quarter of poor result and more disappointingly, seasonally this is their strongest quarter.

Yeah....filled with love cures....

It alsi have to depend on when you buy ma...

Without profit growth... this will turn into a divy stock.
Are you keen?

Previously two of Homer's greatest strength (ie seduction for investors) is Profit Growth + growth in cash.

For Homer's profit growth, we were once looking at 10.8 mil > 14.7 mil > 15.1 mil > 20.2 mil

That was pretty impressive.

After 2 consecutive quarter of poor profits.....

using trailing profits..... the impressive profit growth becomes 10.8 mil > 14.7 mil > 15.1 mil > 20.2 mil > 18.7 mil ......

The impressive profit growth story has turned into a decline....

Yes... some would argue.... that 2 quarters perhaps isn't conclusive......
some on the other hand would argue that the growth might have ended.... arguing that on the back of a very favorable forex and SEASONAL strength, Homer should have clearly showed more profit growth instead of decline.....

no matter how argues it.... the profit growth is challenged....

A furniture stock with no growth? Clearly not an interesting investing proposition.

SECONDLY... the growth in cash.

Previously, we were once looking at 11.7 mil > 24.4 mil > 24.7 > 51.8 mil.......

which I believed is one of the most incredible cash growth story on Bursa.

One of the best......

A company which clearly knew how to generate more and more cash each year....

The recent quarter? Cash actually shrunk..... to 49.2 mil.

I know... slight drop ..... but still a drop..... indicating cash might not grow further down the road....

now without the cash growth... and profit growth.... as a speculator..... it does NOT give you much support to speculate and hope for a big fat dividend as before.....

Two of the solid reasons to speculate on the stock..... is now turning weak.

So what's left?

Assuming same dividend payout as last year... ie 5.1 sen....
perhaps you can do some counting...
at 1.00 ..... how much yield?
at 95 sen... how much yield?
at 90 sen... how much yield?
at 80 sen... how much yield?

Like I said.....
Without profit growth... this will turn into a divy stock.
Are you keen?

Previously... speculating on Homer's cash....

one was speculating on a stock that had profit growth + cash growth...

now? one is speculating on a stock with no more profit growth + cash which isn't growing anymore....

is it the same?

Why is it always about what I do?

The point of it all is to look at the stock objectively.... with any predjudice.

So if this were to be a dividend stock... the point is then why must choose Homer?

And the obvious thing for an investor ( I think ... I dunno la... me trader) is to ask oneself if Homer represents the best dividend stock there is?

I repeat once again...

So what's left?

Assuming same dividend payout as last year... ie 5.1 sen....
perhaps you can do some counting...
at 1.00 ..... how much yield?
at 95 sen... how much yield?
at 90 sen... how much yield?
at 80 sen... how much yield?

Like I said.....
Without profit growth... this will turn into a divy stock.
Are you keen?

You have to work out those yield...

and you also have to ask... based on those yields.... would other investors be DIVING in to buy the stock?

at 95 sen... what's the potential yield to hold the stock for one yield? ..... does it seduce other investors?

At what price... do you think it would be interesting for other investors?

You need to focus on these simple issues.....






again... regarding the DECLINE in profits.... sometimes, when one has vested interests, one has the tendency to dig out a reason for oneself, to justifiy oneself... that perhaps this is a temp setback....

..... and others.... they might not.
A decline is a decline.
It could potentially mean... Homer is no longer a growth stock....
without growth in earnings.... the stock simply isn't as attractive.....


and this isn't a post trying to persuade you on your thoughts....

Can someone please open a new thread.... hehe... same name is not a must.




* gone Brazilian spider hunting .... *