Received CMMT's First Maiden Dividend

1. Just gotten a cheque of CMMT dividend. Wonder why not in eDividend ? Probably is still in the process of converting to eDividend ? I expect more to be coming in next week. :)

2. Just received my GENM-CL cash settlement. :) Coming on the right time for a higher margin of trade for me.

3. One of the stock, which i now rate it as gamble, but this gamble could turn out to be a very fruitful stock. It can be considered as one of the lowest PE, highest margins and highest ROA to its total assets under the finance sector. Yes, it is none other than this stock RCECAP, from the same chairman of AMMB Tan Sri Dato' Azman Hashim. The "temporary" or it could be turned out to be permanent set back of this company is 90% of it turnover is now currently withheld as KOWAJA has stopped the loan disbursement since early this year. I could forsee it next quarter could be ugly. :( Nevertheless, i believe the current disruption could be just a temporary hiccup. It will be soon resolved when the negotiation is finalised. Current price at 0.515 is trading a PE of around 3.65sen which is extremely low. :) Comparing to its previous private placement price at 0.55 a piece is about 6% discount. I would think it is reasonable to scoop this stock if it ever dip below 0.50sen. :) because if this tussle is overed, this guy could easily go back at > 60sen level and i do agreed with hng comments below :-

hng said...

horse

So far there is no any new development on kowaja loan disbursement, but RCE director keep accumulating share in open market may send signal that issue will be eventually settle sooner or later.

I'm still opine that RCE is undervalue financial stock or at least by Q4 result, there won't be any significant financial impact and by then RCE is also due to declare final dividend. Nonetheless, for now until its Q4 result, I'll still opt for trading buy on RCE while waiting for kewaja issue iron out and awaiting final dividend.