Date ~ 28.03.09
Stock : Supermax
Current price : 85 sen
I did a screening on Supermax last 4 quarters ending 31 Dec 08.
My calculation showed its True EPS (leno's style) was only 5.5 sen.
Therefore it is trading at PE 15 !
I don't see any prospect of Supermax improving its current earning.
The director is still very poor in decision making and managing the company.
Conclusion : It's worth less than 79 sen per share to me !
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Stock : Supermax
Current price : 85 sen
I did a screening on Supermax last 4 quarters ending 31 Dec 08.
My calculation showed its True EPS (leno's style) was only 5.5 sen.
Therefore it is trading at PE 15 !
I don't see any prospect of Supermax improving its current earning.
The director is still very poor in decision making and managing the company.
Conclusion : It's worth less than 79 sen per share to me !
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Mind sharing how do you come to conclusion the True EPS is only 5.5 sen?
ReplyDeleteEasy only ... just calculate the latest quarter number of cash+some liquid asset add back dividend payout minus total debt, then compare it to the last 12 months number ...and woala !
ReplyDelete