Challenger Technologies

[riverfish]

What attracted me to this stock when I bought it more than 5 years ago, was firstly, like what 8Alex8 ha said, I noticed Challenger shops doing decently at Funan Centre and also popping up at the neighbourhood malls. It is a trusted established local brand. This, coupled with good yearly cash flow from operations, zero long term debt, solid cash pile, consistent profit margins, good dividend payouts - I gathered that this mum & pup IT business is doing decently. Thirdly, it is an inexpensive stock that had not attracted much notice from analysts. Hence, my buy decision. But I must admit that I had omitted the future forward-looking analysis part in my buy decision.

I avoid hot stocks that hit headline news, because by the time I get to know about it on the papers, the price would have been chased up already & I don't make. Late bird catches no worms.

I think a large chunk of the shares are held by Leong Thye Loo & the directors themselves, hence the thin trading of this stock?