Sunday, November 7, 2010

Bought Dufu @ 0.475

I bought in 16 lots Dufu @ 0.475 today

The reason why i am buying in

1. Owner is buying 10% of the shares
2. Volume spikes, It was nearly the low @ 0.40/shares
3. FA ok, eanring is good. PE less than 8
4. Price is moving up.
5. Forecast for better Q3 results,which should be announce this month.
6. Taiwanese is very good in doing machine. I had a Taiwanese friend who ask me to do this type of machine , profit margin for machine is impresive.

P/S : Cheetah announced 3.5 cents dividen, i bought in 20 @0.585 a week ago, awaiting Q3 results.

DUFU FA

1. Recevable TR = 29255/62976 x 180 = 83.61days
2. Inventories = 27828 /120000 = 0.213 ringgit
3. TR -TP = 29255 - 19174 = 10081
4 Cash + prepaid = 4827 + 5567 = 10394
5. Loan = 13204 + 2091 + 4432 = 19727

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