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14-12-2015, 01:29 PM
(This post was last modified: 14-12-2015, 01:33 PM by valuebuddies.)
I have this in my watchlist since March 2014 when the price is still 14c. I have not vested in it as, back then, I foreseen unsustainable dividend yield, coupled with the reduction of interest from the major shareholders, as well as the generous share options scheme for the top managements. Indeed I was wrong for the last 2 years, where we witnessed a maximum potential of 60% returns not counting the dividends. Though share price has now came down to the price I first observed, I did not get excited to join the boat this time, as to me the business moats now is not as good as before as can see from the quarterly results, I am still holding my opinion that the yield is not sustainable, and sudden overturn in profit and margin can happen any time.
Lastly, in view of the widely expected financial crisis, I would choose to avoid high beta stocks now unless there is more than sufficient mos.
Lastly, in view of the widely expected financial crisis, I would choose to avoid high beta stocks now unless there is more than sufficient mos.