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johnnyzai89

Repost:



So Homer got the bad verdict from the market yesterday.

Stock was thrashed and it closed at 0.83.



Is the beating down justifiable?
Or is the beating down a rash act from the market?


I know some are saying stuff like this beolow...

Yes, we know the net profits for Q4 was down a fair compared to its previous year Q4.

And yes, we know all along, the strengthening of the USD was a factor for Homer's excellent results the previous few quarters.

So accordingly, th other interesting note...



When we leave out this USD X-factor......

From the screenshot above:

So when we minus out the forex gain of 0.811 mil in Q4FY2013 ie 7.987 mil - 0.811 mil we get 7.11 mil.
And when we add the forex loss of 0.318 mil in Q42014, ie 6.689 + 0.318 we get 7.007 mil.

Which means it was basically a flat quarter IF the USD was a non factor.

However... I personally would NOT do such a thing.

Ths USD factor is part and parcel of Homer's business since it's an exporting business.



Furthermore, I do not think it's good to dig up reason for it's relatively weak Q4 performance.

Having said that... as per arguement, since USD is a FACTOR in Homer's business (exporting business), we should be aware of the USD movements...

and in case anyone isn't aware of it yet............... the USD has but been extremely strong recently.

check out the USD/MYR chart.



so questions now (for the immediate future) :

would the recent strength in the USD be sustainable?
if so, would it benefit Homer again?

Verdict?

Lastly.....



Homer's AGM is usually in Jan....

Just stating the fact.

Well, the 3.1 sen final dividend is a proposal and it needs to be approved... and IF like previous years... that dividend should be paid in Feb ie Feb 2015.

What would be the catalyst for the reversal to happen?

Try show some respect for some traders here lor....
I am sure many traders here do not trade for fun laaaaa....

Trading is serious business...........

If you want to take profits..... why?

Is it because you have gotten a very nice profit in a rather short time?




If you want to HOLD...... why?

Is it because you think there's more good stuff to come?




Is the charts showing any sell signs?

I think the USD strength is a bigger worry for 'many' companies....

For example...

a company which has lots of USD denominated loans (for example AirAsia) it is a worry cos higher USD means they have to pay more in their loans repayment.
of course, this could avoided via hedging......

a company importing goods/raw material in USD....
higher USD ....means higher costs...............

hehehe......


I do not practice conventional wisdom leh...
and I certainly do not pay too much attention to TPs....

I do not see any sell signal...... yet.

For me, if I have the stock, perhaps I might consider waiting.....
why?
The big money is always in the waiting.
So perhaps wait until next reporting quarter (next month, yes?) might be an option.

cheh.....


want tipsy ah?????

p/s.... I can be wrong one..... always.

Shiiiiiiiiiiiiittttttt!!!!

Interesting !!!!

Me ....say....... wait and see is best option.

No rush.

Where got ban you?

As per usual again................


DON'T RUSH to buy.....................









****** EDIT *********


Also as per usual again....................................

DON'T USE PRESET prices to bargain hunt........................

This post has been edited by Boon3: Nov 4 2014, 03:09 PM

What?
For this stock..... you want to challenge is it?






come come...
bring horse come over.......

I have xilo idea.

You see hehe's rationale?

He's using the price where SKPet rebounded recently as the buy point.........

I think NOT.

Is this really the type of triple bottom you want to play?




Imagine for a while.....

SKPet is FLYING UP....... instead of FALLING DOWN....


IMAGINE LAH.................................


the last time....

SKPet hit a resistance....

oh.... say ..... 3.17.....

say only la.....


anyway... just imaging what.....


now......

given such a case...............

would you say it's a sure thing that SKPet would not fly past 3.17 ?????

Would you use SKPet at 3.17 as a SURE WIN bet that it would fall ?????????????

Would you????

errr.... huh?









never mind....





chase the falling stock then....


chase and believe that the stock will always bounce back as previously....................

Sometimes people cannot see the irony of it....

If the stock was shooting UP instead of down.....
would they chase to sell the stock SHORT at every resistance point?

But when the stock is falling.....
they always think cheap is good.......
and they WILL chase to buy....
at every possible 'support' points.....




It's a strange, strange world....................................