GRP Limited

[Thriftville]

Thanks a lot for your time to scan it online!

[Jon-san]

Thanks MW. This article still hasn't quelled my uneasiness. However, am keen to see what pans out from here. Hopefully they don't make any mistakes with spending our money... Lol

[Drizzt]

hi musicwhiz, am vested as well and have read that article. the problem is since selling their building, they are missing the rental income contribution as well.

new business may not take off. but i am glad they didnt venture into property development lol

[Musicwhiz]

hi musicwhiz, am vested as well and have read that article. the problem is since selling their building, they are missing the rental income contribution as well.

new business may not take off. but i am glad they didnt venture into property development lol

Hi Drizzt and Jon-San,

I share your concerns over GRP's business, and I agree the article in The Edge wasn't very comforting. Then again, when I invested in this company, I'd already projected low to zero growth and flat revenues moving forward, so essentially I am treating this as a cash cow business.

Of course, the question here is whether they can continue to generate healthy free cash flows, and enough to sustain their current 2 cents/share yearly dividend. I guess we shall see in the FY 2011 results.....

[Thriftville]

Please see attached for 2 reports by S&P
The Apr 2010 version is quite detailed.

[Musicwhiz]

Dear all, my latest post details my reasons and rationale for my divestment of GRP. Please feel free to leave comments, thanks!

(Not Vested)

[pianist]

thanks for sharing..
may i know what % of your liquid investible assets are now vested with stock equity exposure?

[Musicwhiz]

thanks for sharing..
may i know what % of your liquid investible assets are now vested with stock equity exposure?

Approximately 20% Cash, 80% Equities.

[pianist]

thanks for sharing..
may i know what % of your liquid investible assets are now vested with stock equity exposure?

Approximately 20% Cash, 80% Equities.

thanks for sharing..i just wonder at this volatile uncertain time, what should be the ideal % ty the question.

[Musicwhiz]

thanks for sharing..i just wonder at this volatile uncertain time, what should be the ideal % ty the question.

Hi Pianist,

My view is that there is no ideal % - it differs for every person and it depends on age profile and risk appetite.

For salaried employees like me I guess it may be easier to be heavier on equities as we can expect a regular income stream. Those who earn commissions (sales-based) or who run their own businesses may wish to keep more cash as a buffer. But for me, I still keep 6 to 12 months of expenses in my bank account as an emergency buffer fund.

At the same time, I am also building up cash through savings, tuition, rental and dividends while reinvesting the capital best as I can by purchasing more shares from time to time.