a new member in my value-stocks portfolio, bought 10,000 units at 18sen.
K-Star is a manufacturer of sport shoes. According to the Jun-2012 quarter-report, its net-working-capital per share was RM0.69. That means i'm buying the share with 70% discount from its NWC. And each share comprise of 38sen of cash.
The company was listed since 2010, but only started to distribute its first dividend this year(2012). However, if the dividend (1.6sen per share) can be maintained in coming years, its DY alone is quite attractive for investment.
K-Star is a manufacturer of sport shoes. According to the Jun-2012 quarter-report, its net-working-capital per share was RM0.69. That means i'm buying the share with 70% discount from its NWC. And each share comprise of 38sen of cash.
The company was listed since 2010, but only started to distribute its first dividend this year(2012). However, if the dividend (1.6sen per share) can be maintained in coming years, its DY alone is quite attractive for investment.
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