today i am queueing for panamy at 10.80. but unlikely to get it.

Pana don queue so high ler My target is RM 10.60 AND BELOW

Yes, they do export.
Can see from their financial report.
In fact, if not mistaken, they are keen on export market to grow more.

A lot of them are made locally, you need to see which kind of appliance. They won't produce across every items, an item need a new assembly/production line.

Washing machine line was the one bleeding the company (Panamy registered loss previously) which they had discharged this product line.

The strength of Panamy is from Air-con which Panasonic is the dominant brand name in this field.

There is no more brand under National, all being grouped under one name Panasonic.

This post has been edited by cherroy: May 15 2009, 04:42 PM

10.60 today? cannot lah....

10.60 ... shadow oso tak nampak from the past weeks.

either take it straight at 10.90, or wait wait wait.

don't have this stock, wah so high the dividend
now last phase trading i must buy at closing price 10.90
shall i buy or not? or wait and play tomorrow?

no rush ler. market is pulling back now.
panamy price is steady like a rock.

Price seem like on the high side for PANAMY la...
If the were to offer a split then would be good la...

Nowadays you can trade 1 lot with 100 shares, so 10.00 or 1.00 make no different.

10.00 you buy 10 lots equal to 10K, 1.00 stock you buy 100 lots, still equal to 10K, so what price or whether got split or not makes no different at all, as you can trade as low as 100 shares, which equivalent to 1K per lot only.

....nothing to do with this lar my frend

You must understand that after split ... the dps and eps will be diluted as well

eg. now RM 10.90... DIVIDEND 90 sen

after split from 1 to 2.... RM 5.45 the dividends become 45 sen ...SO is the same..

the company fundamental does not change....just that the amount of share in the market become double...what i want is that the share price can come down so that i can get higher dividend yield......

i am more concern on the % return of my investment....

Cherroy.... just now i went to look for air cond.... the tauke told me the panasonic air cond nowadays got so many problems.... just like the washing machine last time which they source from thailand.....i heard that panasonic products quality not as good as last time .... what is your view on this? as i worry it may affect it futures earnings and their DY...

This post has been edited by darkknight81: May 15 2009, 10:41 PM

for the past 3 years, panamy is so generous on their dividend + special dividend, one can expect a RM1.00 DIV around May/June, and another 15 sens on Q3.

i wonder will they repeat the same pattern.

do you hold any PANAMY yourself?
I am thinking of selling some of my mutual fund and invest in high dividend counters...
my friend just advice me to pick up some BJTOTO if they really drop till RM4.50
he say this counter give the high dividend and good capital gain..
any comments for me before i really put my foot and naik kereta?

That is the point ....sustainability of the dividend...

If you take a look at the financial report...

DPS

2004 60 sen
2005 200 sen
2006 115 sen
2007 115 sen
2008 115 sen For the dividend side yes i can say it is quite constant so far but how about in future?


EPS

2004 94 sen
2005 -5 sen
2006 59 sen
2007 77 sen
2008 87 sen
Problem is here... EPS is lower than DPS.... SUSTAINABILITY is not there....We need EPS to be higher than DPS for long term dividend sustainability....you cannot keep on paying more to the shareholder than what you actually earn...


Net asset per share

2004 RM 11.96
2005 RM 11.48
2006 RM 10.63
2007 RM 10.24
2008 RM 9.96

Net asset keep decreasing i beliv is due to asset depreciation and also due to the "too generous" dividend payout like what i said paying more to the shareholder than what they actually earn.....

Export (MILLION)

2004 RM 389
2005 RM 359
2006 RM 322
2007 RM 274
2008 RM 278

In conclusion... how long can they sustain their DPS of RM 1.15 PER SHARE?

This post has been edited by darkknight81: May 16 2009, 02:17 AM

just to add on.. the volume is very low for this counter la...
i think is very hard to buy or even sell cause is like snail.. or worst than snail...

How about TM?

They can't, sustainability dividend is around or average 50-80 cents based on their EPS.

That's why they have interim + final dividend = 50 cents consistently. That's why company stated the term "special" dividend.

Still it is a steady dividend counter based on the low point or sustainability dividend of 50 cents which yield about 5%.

Yup... kind of disappointed...after doing some research... as i am hunting for dividend counter which can at least giving DY more than 8% for long term...

Noticed that Panasonic Japan reported US4Billion loss this year. Would this have any impact to Panamy ?

lol before you add on.. pls try to understand what we actually discuss about... we are discuss regarding the long term sustainability of panamy in terms of its DY... not the trading volume .... not how much it will appreciate in future

IMO, 'Chinaman' style companies offer best dividends in term of value and sustainability. I only know a few, such as YTL, CHINTEK. KSENG. The are cash rich with low borrowings, which also mean slow growth. Correct me if im wrong.