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In an earlier article on Free Cash Flow, I touched on some adjustments we need to make on a company’s profits to arrive at the Free Cash Flow figure.
I’ve always found the standard Cash Flow Statement hard to read especially for big companies. They pack it with so much detail and it’s hardly presented from an [...]

In my previous post on the Baltic Dry Index, I made a mention of Malaysian Bulk Carriers Berhad or MAYBULK.
I first bought into this company in June 2006 when the share price was hovering at RM2.00 – 2.10 (pre-bonus basis). Adjusted for bonus issue, I believe it works out to be less than RM1.70 per [...]

For those of you who follow MAYBULK (Malaysian Bulk Carriers Bhd), you will know that its earnings are highly dependant on something called the Baltic Dry Index.
The Baltic Dry Index is a price index compiled by the Baltic Exchange in London. Each working day, the Baltic Exchange canvasses hundreds of brokers around the world for [...]

For any investor on Bursa Malaysia now, this must be the million dollar question:
Has the market bottomed out?
I’ve just read a pretty good report by CIMB Research. Can’t say that I agree with everything they said but there are some good observations.
The report looks at the six major bear markets that Malaysia experienced in the past 30 [...]

Once more we are reaching the close of another year. While thinking of what to write and since it is Christmas season, it is good that I share on some biblical perspectives of money.
In the Parable of the Shrewd Manager (found in Luke 16 of the Bible), Jesus says:
 
“No servant can serve two masters. Either [...]

We have just added a couple of new companies in our Bursa Malaysia company database
Lingkaran Trans Kota Holdings Berhad – Toll Road Operation and concession holder for LDP (Leburahya Damansara Puchong)
Parkson Holdings Berhad – Retailing
Fraser & Neave Holdings Berhad – Soft drinks distribution with key brands such as 100Plus, F&N, Seasons an Coca Cola
Proton Holdings [...]

If you are a business owner, you will agree that cash flow is king. Looking at earnings is only half the story. Too often we hear of companies making profits but in the end they still fail.
Earnings can be puffed up with fictitious accounting transactions. The telling sign is usually this…
While the company reports seemingly [...]

Creator of Bollinger Bands: John Bollinger (early 1980s)
The purpose of Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band.
Bollinger Bands are akin to envelopes on the upper and lower side of a moving average line. They consist [...]