Transit-Mixed Concrete Ltd

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#21
it's very much dependent on what model do you use the get the fair value of the company. There are no one accurate model but as a value investor, I am sticking to my way of calculating the fair value. If it goes above it, I would not buy. If it goes below it at an acceptable MOS, I would buy.
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#21
it's very much dependent on what model do you use the get the fair value of the company. There are no one accurate model but as a value investor, I am sticking to my way of calculating the fair value. If it goes above it, I would not buy. If it goes below it at an acceptable MOS, I would buy.
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#22
I bought 71,000@30cents many years before
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#22
I bought 71,000@30cents many years before
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#23
When considering MOS, I don't like to idea to stick with figures. In most of the case, defensive company with strong backing shareholders and generous management has greater intrinsic value.
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#23
When considering MOS, I don't like to idea to stick with figures. In most of the case, defensive company with strong backing shareholders and generous management has greater intrinsic value.
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#24
(28-04-2015, 05:19 PM)valuebuddies Wrote: When considering MOS, I don't like to idea to stick with figures. In most of the case, defensive company with strong backing shareholders and generous management has greater intrinsic value.

I agreed. Valuation should base on both quantitative and qualitative data. Number crunched out purely from quantitative figures, are misleading some time.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#24
(28-04-2015, 05:19 PM)valuebuddies Wrote: When considering MOS, I don't like to idea to stick with figures. In most of the case, defensive company with strong backing shareholders and generous management has greater intrinsic value.

I agreed. Valuation should base on both quantitative and qualitative data. Number crunched out purely from quantitative figures, are misleading some time.
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#25
(28-04-2015, 05:06 PM)shubin88 Wrote: I bought 71,000@30cents many years before
I bought mine at24.5_29cents many moons ago..fully vested nil shares sold to date
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#25
(28-04-2015, 05:06 PM)shubin88 Wrote: I bought 71,000@30cents many years before
I bought mine at24.5_29cents many moons ago..fully vested nil shares sold to date
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#26
Wow, this is a cold stock indeed. Despite 63% increase in profit, good increase in earnings per share & reduction in debt & borrowings, this stock is still suffering from scant attention. Probably because of the nature of its business, concrete pumping business is Boring with a capital B.
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#26
Wow, this is a cold stock indeed. Despite 63% increase in profit, good increase in earnings per share & reduction in debt & borrowings, this stock is still suffering from scant attention. Probably because of the nature of its business, concrete pumping business is Boring with a capital B.
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#27
(15-10-2015, 09:54 AM)riverfish Wrote: Wow, this is a cold stock indeed. Despite 63% increase in profit, good increase in earnings per share & reduction in debt & borrowings, this stock is still suffering from scant attention. Probably because of the nature of its business, concrete pumping business is Boring with a capital B.

It is an interesting company, which is my monitoring list. Another quality stock with very low liquidity.

(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#27
(15-10-2015, 09:54 AM)riverfish Wrote: Wow, this is a cold stock indeed. Despite 63% increase in profit, good increase in earnings per share & reduction in debt & borrowings, this stock is still suffering from scant attention. Probably because of the nature of its business, concrete pumping business is Boring with a capital B.

It is an interesting company, which is my monitoring list. Another quality stock with very low liquidity.

(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#28
http://infopub.sgx.com/FileOpen/HY15.ash...eID=373429

I took a brief look at it, despite an overall improving results, cash position is further strengthened
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#28
http://infopub.sgx.com/FileOpen/HY15.ash...eID=373429

I took a brief look at it, despite an overall improving results, cash position is further strengthened
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#29
On my watch list for a looooong time but the poor liquidity makes it tough to acquire.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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#29
On my watch list for a looooong time but the poor liquidity makes it tough to acquire.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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#30
Not here to mock or criticize. In fact, i also have this on my watchlist. But value investing can be really tough especially with smaller companies. When i see it trading at 9.4 cents this morning, i was a little surprised, i dont remember it trading at so low a price, so did a quick lookup.

Back in 2015 and 2016, many of us (me inclusive) will find this a cheap stock, trading around 40 to 50 cents, dividend of 3 to 4 cents. We will want to believe that the results are sustainable, dividends can be maintained, etc.

https://links.sgx.com/FileOpen/FY16.ashx...eID=400869

Fast forward to today

https://links.sgx.com/FileOpen/FY19.ashx...eID=556126

You suddenly wonder if this small company has any competitive advantage, high pricing power, etc.

A young investor should take this company as a helpful case study. I really think for mortals like me, busy with a full time job, i should not overattempt to act like peter lynch , warren buffett, etc. Recognising that it is unlikely that i have any valuable insights (as much as i hope i will get), it is better that i stick to investing in the bigger more defensive companies than trying to strike the 2 or 3 bagger in small companies. Avoiding big mistakes will be more important for me.

===============

On the other hand, if i have deep knowledge of the industry, back in 2015 and 2016, if i more or less can foresee that the earnings will be on a decline, there are probably 2 things that i can engage in. 1) short the stock 2) go to the various forums, drum up interest, pump up the stock and sell my holdings. Small newbie investors should just be more careful of such acts. I am not saying we have such activities here but will be nice to stay vigilant.
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#30
Not here to mock or criticize. In fact, i also have this on my watchlist. But value investing can be really tough especially with smaller companies. When i see it trading at 9.4 cents this morning, i was a little surprised, i dont remember it trading at so low a price, so did a quick lookup.

Back in 2015 and 2016, many of us (me inclusive) will find this a cheap stock, trading around 40 to 50 cents, dividend of 3 to 4 cents. We will want to believe that the results are sustainable, dividends can be maintained, etc.

https://links.sgx.com/FileOpen/FY16.ashx...eID=400869

Fast forward to today

https://links.sgx.com/FileOpen/FY19.ashx...eID=556126

You suddenly wonder if this small company has any competitive advantage, high pricing power, etc.

A young investor should take this company as a helpful case study. I really think for mortals like me, busy with a full time job, i should not overattempt to act like peter lynch , warren buffett, etc. Recognising that it is unlikely that i have any valuable insights (as much as i hope i will get), it is better that i stick to investing in the bigger more defensive companies than trying to strike the 2 or 3 bagger in small companies. Avoiding big mistakes will be more important for me.

===============

On the other hand, if i have deep knowledge of the industry, back in 2015 and 2016, if i more or less can foresee that the earnings will be on a decline, there are probably 2 things that i can engage in. 1) short the stock 2) go to the various forums, drum up interest, pump up the stock and sell my holdings. Small newbie investors should just be more careful of such acts. I am not saying we have such activities here but will be nice to stay vigilant.
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