EVERGREEN - leno says don't buy yet, what say u ? (0 viewing)
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EVERGREEN - leno says don't buy yet, what say u ?
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leno21 (User)
Junior
Posts: 53
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Last Edit: 2008/01/12 02:35 By leno21.
Reason: testing
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bert (User)
Newbie
Posts: 46
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12 Months ago
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Aiyah, just went in today at 1.69. based on candlestick chart, it appears to be on the reversal trend (although volume is still small) after declining abt 17% recently. Anyway it's a good and solid counter. Will keep my fingers crossed!!!!
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bert (User)
Newbie
Posts: 46
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12 Months ago
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Cashflow generated from its operating activities is still solid at RM151.74 million in 3rd qtr. Funds are used for further expansion in acquiring companies and fixed assets. Historically, its expansion has been quite successful, generating additional profits and cashflow. You can own a growing company with a single digit P/E. I like its leanness, with stock holding period of 32 days and trade debtors period of abt 24 days. Have to give credit to the management as it is not easy to run a manufacturing concern with such leanness. With its short business cycle, despite its strong expansion, it is generating cashflow from its operating activities which is more than its profits. It basically means the Company can easily expand without the need for too much an increase in its working capital.
Wow, think i will buy more tomorrow, he...he...
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