April 2023 Round Up

 

Added first tranche of Dancomech.

Applied AutoCount DotCom IPO. Not successful.

Add More United U-Li Corp?

United U-Li Corp may be severely undervalued at RM1.13:

• cash and bank deposits is 41% from market cap
• earnings yield is 16%
• means that earnings is 16% from the current price
• earning yield is EPS / share price per share = earnings / price
• cash yield is ~20%
• means that if you were to take the company private by buying all of the shares, you'll get 20% of the price you pay in owner's earnings a.k.a free cash flow
• cash yield = free cash flow (FCF) / market cap
• FCF/EV is ~25%
• FCF/EV is similar to cash yield, except it now takes into account cash and bank deposits (deducted from the denominator), as well as liabilities that have to be paid (added to the denominator)
• FCF/EV = FCF/(market cap - cash and bank balances + liabilities)

Stay invested.