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Haha, at this price, even the recent RMB 0.015 dividend translates into a "respectable" yield of >5%. Is the cash on the book real?

(18-07-2012, 04:57 PM)egghead Wrote: [ -> ]Haha, at this price, even the recent RMB 0.015 dividend translates into a "respectable" yield of >5%. Is the cash on the book real?

Another unorthodox way of raising the dividend yield.

Win big lose big.
My heart cannot take it...

(18-07-2012, 05:10 PM)yeokiwi Wrote: [ -> ]

(18-07-2012, 04:57 PM)egghead Wrote: [ -> ]Haha, at this price, even the recent RMB 0.015 dividend translates into a "respectable" yield of >5%. Is the cash on the book real?

Another unorthodox way of raising the dividend yield.

Win big lose big.
My heart cannot take it...

S-Chips are win Big (not fraud, thats good!) Lose everything (fraud, too bad)

(18-07-2012, 03:50 PM)sgmystique Wrote: [ -> ]Wow!!!

The price has been really bashed down...I can understand a fall in the share price in reaction to the Profit Warning announcement but with the price down to a new all time low of S$0.059 (Mkt. cap of just over S$31 million) one is getting too good a fruit...

And for a company with S$54 million in cash, no debts and which has reported that they are going to make smaller profits...not a loss...

I really don't know what to think...

Anybody with insights to share has my complete attention and regards...

IMHO (while pending from guru advice)

An object has primary attributes and secondary (supporting) attributes.

we can conclude a object exist when all primary attribute exist, the existence is further supported by secondary (supporting) attributes.

we should not conclude a object exist when all secondary (supporting) attributes exist, while not all primary attributes exist.

To apply it to Foreland Fabrictech.

Long-term prospect is one of the primary attribute for "good company", while huge cash reserve, no debt etc are some of the secondary attributes.

Only "good company" provides hope for multi-baggas profit.

I hope i had given more clarify instead of confusion here

All I can say is that the general economic scenario in China is not exactly very good right now considering the macro economic scenario globally not being very bright. Foreland is also naturally affected with Europe & China both slowing down.

I feel the time is ripe for Foreland to somehow tap its non traditional markets. They should be able to come out of this downturn not that badly affected if they succeed in venturing into newer geographies through their customers.

i just picked some dirt-cheap shares at $0.056 today. wish me luck. ;p

If the company is really not doing well and is a complete flop, why did Tsoi Kin Chit, the Executive Chairman, continue to participate in the Scrip Dividend Scheme? With the shares he owned, the cash he could have received from dividends is approximately $840,000. But he chose to receive everything in shares instead. Seems to be a sign of confidence.

Or is there something I’m missing out?

Could be there is no cash at all to pay out?

(21-07-2012, 05:15 PM)Serendipity123 Wrote: [ -> ]If the company is really not doing well and is a complete flop, why did Tsoi Kin Chit, the Executive Chairman, continue to participate in the Scrip Dividend Scheme? With the shares he owned, the cash he could have received from dividends is approximately $840,000. But he chose to receive everything in shares instead. Seems to be a sign of confidence.

Or is there something I’m missing out?

Do you know the take-up rate of the scrip dividend scheme, esp insiders beside the Chairman? If Chairman alone is too weak to conclude.

(21-07-2012, 05:15 PM)Serendipity123 Wrote: [ -> ]If the company is really not doing well and is a complete flop, why did Tsoi Kin Chit, the Executive Chairman, continue to participate in the Scrip Dividend Scheme? With the shares he owned, the cash he could have received from dividends is approximately $840,000. But he chose to receive everything in shares instead. Seems to be a sign of confidence.

Or is there something I’m missing out?

I recommend you to read the huabao fraud report by anonymous analytics. If the reprot is to be believed, where the owner did not even collect the dividends that was declared. It was a huge amount too. the whole thing was part of the smoke and mirror.

so for FF, don't read too much out of this scrip div thing. If the numbers don't add up, give it a miss and don't fight the mkt. the mkt knows more than you.