Hai Leck

This is one of the most laggard Oil and Gas Play.
Low PE of 7.5x ,high net margin, EPS= S$4.00 cts, NAV=S$25.5 cts.
Almost no leverage, with only one-million borowing.
Illiquidity of the share is the drawback; free float=17 %.

I think there is a thread on this counter in afralug by lark some time ago

I've got my eye on this company, but it does not have much of a track record as it was listed less than 5 years ago; hence I feel it would be good to monitor the business for a while longer to understand it better before committing any capital. Certainly the numbers look good but there is more to investing than just numbers...

Oh yes, MTQ's Violetbloom is a substantial shareholder of Hai Leck, for info.

If all certainties can be certained and known, then the valuation of the share price will be richer than it is now.

Buying a share is just like playing a probability game. If the probability of a gain is high enough, it is always worth to put a bet on it.

As long as most of the bets are right, it is alright to have a few losses

I like WS, afralug and valuebuddies.com because I can see that most of the forum members are very good in playing this game

Hi yeokiwi,
Spot on. Almost all investments are the game of probability, the only difference is whether it is high or low probabilty. It is win or lose , something win something lose.
Cheers.

(26-09-2010, 02:37 PM)valueinvestor Wrote: Almost all investments are the game of probability, the only difference is whether it is high or low probabilty.

Just as a food for thought: If we choose our investments well, and for stocks only invest in high-quality and well-managed businesses after understanding and minimizing the risks involved very well, we should be able to have a higher probability of success closer to 1, especially if we are prepared to take a long enough view on the investment and the underlying business.

(26-09-2010, 06:43 PM)dydx Wrote: Just as a food for thought: If we choose our investments well, and for stocks only invest in high-quality and well-managed businesses after understanding and minimizing the risks involved very well, we should be able to have a higher probability of success closer to 1, especially if we are prepared to take a long enough view on the investment and the underlying business.

Very well said dydx. The only problem being it takes all of us a very long time and a lot of trial and error before we realise the truth behind what you have said. It is perhaps one of the toughest characteristics to find people who are prepared to take a long enough view on their investment and the underlying business. I guess human nature tends to have its focus more on how the share price is performing rather than how the actual underlying business is doing.

Some buying interest today. Many realized this was a gem ?

Base on AR of 2010

Share price:0.28
EPS: 4.1 cts
PER: 6.8x
NAV: 25.5 cts
Cash per share: 15.5 cts
Gearing: 0.01
DPS: 1 ct

Why still unable to attract more buying interest ?