Wednesday, February 24, 2010

scomi 3Q

mp 0.41

EPS 3Q 5.25
NTA 0.91
if 4Q eps =2.71
pe = 5
DY = surely wont be high coz cash flow weak.

Quatlity pe?
Answer is No. I wonder y the so called 'sifu' make this call? As i understand more about FA on financial report . I wonder y they make this call? Because of swing trade or because of lack of understand of financial report? Or diffrent in investment theory? Maybe as i grow with share market.I polish my skill, i know how to diffrentiate good and bad and wheter ppl are talking real or not.

I grow coz Amithabha enlighten me all the way! Thanks!

lets see

Current Asset 1,370,543
current liabilities 895,192
Long term borrowing 989,735

Cash 138,616
Share 1,127,384

cash per share 138616 /1127384 = 0.12
0.12/0.41 = 29%

receivables turnover ration = net credit sales / average account receivables
Scomi receivable turnover ratio = 868,648/ 1487902 x 273.75 = 159.8days (3Q)
Not effiecient


Borrowing too high current asset - current liabilities still -ve, -514,348. No wonder share price couldnt go high.
-514,348 /1,127,348 = 0.456

you have to use 6 year of your earning to pay your debt. have to wait long long. Hard to be multibagger.forget it.

Wow, not good as well liabilities beat current assets.


In short, this one can do swing trade only. Same as scomi marine, depends on the appetiate on big boy. Can make 20% consider very good lor.

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