| Latest Forum Topics / Del Monte Pac Last:0.088 -- |
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Hiap Seng mini multi bagger
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Jamie8888
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03-Jul-2023 09:17
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Noting that DMPL borrowed high interest rate of abt 10% in its expansion,,,  future dividend yield is reduced unless its share price falls further to attract potential shareholders. | ||||
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Jamie8888
Member |
28-Jun-2023 13:55
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Good news to potential shareholders, no price drop from 0.194this week. | ||||
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Jamie8888
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27-Jun-2023 10:18
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Not many sellers today. Good news. | ||||
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Ftyeng
Senior |
27-Jun-2023 08:13
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No worries, Issuing of new shares (in Singapore and Philippines ) or listing in USA would be their solution. Only thing is this would dillute future dividends.
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Jamie8888
Member |
26-Jun-2023 15:33
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It' s scary  as there are traders willing to sell at 0.192 but not 0.193. Scarier tomorrow morning when buyers  queue to buy at 0.19 or close at 0.19, the share price will have dropped at 13 % from the day of the full year results last week.  More scarier if the price continues to drop every week by 1 cents or 3.3 cents per month. No indigestion if use CFD strategy. 
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iinvestor
Veteran |
26-Jun-2023 12:01
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Small fish swallow big whale, indigestion later may lead to death.... Scary here.... | ||||
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Jamie8888
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24-Jun-2023 11:57
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With high interest rate and high debt gearing, there are a lot of examples of companies who cannot service its debt when recession occurs and cannot recover its receivables and its pledged shares to the trust sold. I am happy sellers selling at low price as I am using CFD. The share price dropped 0.03 cents a day better than my assumption of 0.01 cents every 3 days. At this rate of daily falling for a month until its ex dividend date, there will be a lot of people buying the shares. They should learn from their rival Fresh Produce Del Monte which is listed in US.
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Ftyeng
Senior |
24-Jun-2023 06:27
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There are existing shareholders and also people who do not currently own this counter (who have been using Del Monte products since young). 1) Price is slightly below book-value right now, 2) lso line-chart shows it is very cheap right now. 3) They believe it would go up.in future. Hence the reasons why they are still buying.  
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Jamie8888
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23-Jun-2023 15:44
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The shares never move up and yet there are people who still want to buy. | ||||
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Jamie8888
Member |
23-Jun-2023 10:32
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Assuming the price drops 0.01 cent every 3 days, one month it will drop 1 cent. Conversely it will be good that new investors buy up the shares so that it will increase by 1 cent in a month but noting that the company has negative working capital and increase it high debt level due to its buying of Kitchen Inc when the company has not reduced its cost management. 
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Ftyeng
Senior |
23-Jun-2023 09:55
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Thanks for sharing your viewpoints. It is a good strategy that would work quite frequently but ever failed me before.
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Jamie8888
Member |
23-Jun-2023 09:01
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I am saying  sell first and buy back when the company report good results  not forgetting they still have excess inventories which may turn back in the coming quarter. The company should be doing a cost review on its size expansion to manage efficiently like Fresh Produce Del Monte. Daily the price is dropping from 0.197 until its coming quarter to buy back. Follow the techniques of CFDs I.e. sell now and scoop back to make profit. Based on present TA the support level is now at 0.193 unless there are traders to buy up the shares up to 0.215 which is good for long term investors. 
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Ftyeng
Senior |
23-Jun-2023 08:01
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Calculate yourself to see the long-term profits. 1) In the longer-term, interest rates would drop.   So less money spent paying interests so Net-Profit would go up. 2) When Net Profit goes up, share price goes up. 3) in the longer-term, oil price would come down.   So operational cost would go down and Net Profit goes up. 4) By paying less dividends this year, they are using the money they have to pay the higher interest rates and likely clear more debt. 5) According to them, they are paying less by redeeming all the preferential shares (which required them to pay 10% of < something perhaps Net Profit or otherwise> to preferential shares holders). Very simple decision to make, sell (and switch to another higher profit/share or dividend paying company ) or keep.  
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Ftyeng
Senior |
23-Jun-2023 07:36
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Sorry I meant P/BV ratio fell below 1 (not PE ratio).
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Ftyeng
Senior |
23-Jun-2023 07:33
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It may take a while given the high debt ratio and high interest rates ( US Fed Reserve sets it and financial institutions adjust accordingly ).   Meanwhile have to settle for low dividend rates. Mkt cap currently is : $393 mil (At $0.197.share). PE ratio fell below 1 after latest financial report' s release. I also lost money on this counter but luckily I was sketical about it and placed less than 1/30 of my available investment funds on it.   The consolation is it is not losing money ( when we count annual profit ). I only see long-term hope for this counter. Make your decision whether to continue holding or sell.  
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Jamie8888
Member |
22-Jun-2023 22:07
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I read Fresh Del Monte Produce financial result and in their statement  they consider the impact to their shareholder value. In the long term this company share price will definitely grow unlike DMPL.  | ||||
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Jamie8888
Member |
22-Jun-2023 14:26
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When the full year results was out, Phillip Securities dropped its recommendation to buy the shares. | ||||
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Ftyeng
Senior |
22-Jun-2023 13:33
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DMP has lots of debts.   Currently interest rates are high so the company I believe is facing lots of pressures with it' s finance. Have to go for long term profits in such situations or sell off at a loss. Everyone is equally sad and frustrated with the announced dividends which also affect share prices. It would be further dilluted if IPO in USA.
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Jamie8888
Member |
22-Jun-2023 11:49
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Take note that Fresh Del Monte Produce Inc incresed its recent dividend to 0.20 cent whereas Del Monte Pacific reduces its dividend to 0.013 cents despite both increased sales figure.  | ||||
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Jamie8888
Member |
22-Jun-2023 10:13
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The shares are being sold low price everyday despite few sellers and many buyers. The shares can make profit  when sold low everyday by CFD which is happening to Del Monte. | ||||
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