Author Topic: 5965.JP - Fujimak Corp  (Read 39882 times)

writser

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Re: 5965.JP - Fujimak Corp
« Reply #120 on: July 09, 2015, 06:27:57 AM »
For those still interested: I translated and uploaded the 2015 AR: http://www.writser.nl/beurs/fujimak2015.htm .

Cliffnotes: at 865 JPY this is trading at ~45% book, they have ~1000 JPY in cash per share, dividend increased 5 years in a row, trades at 9 x FCF / share.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.


writser

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Re: 5965.JP - Fujimak Corp
« Reply #121 on: September 01, 2016, 01:14:51 AM »
Annual report 2016: http://www.writser.nl/beurs/fujimak2016.htm

Cliffnotes: at 761 this is trading at 40% of tangible book. 5yr avg. PE around 5.5. 1200 / share in cash. Book value compounded 10% / year the past five years while paying out a nice dividend (~3% yield currently). Inventory buildup looks a bit worrying. Still a decent stock for a lazy Japan basket approach imho.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.

ccplz

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Re: 5965.JP - Fujimak Corp
« Reply #122 on: September 01, 2016, 08:52:04 PM »
Why are these guys hoarding cash?

hillfronter83

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Re: 5965.JP - Fujimak Corp
« Reply #123 on: February 13, 2017, 06:39:25 AM »
They released new earnings. stock up 15%.

writser

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Re: 5965.JP - Fujimak Corp
« Reply #124 on: March 17, 2017, 06:16:13 AM »
Yeah, looks like Fujimak had a decent 2016. However, stock is up 75% YTD already and now at 73% tangible book. I'm considering selling.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.

NeverLoseMoney

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Re: 5965.JP - Fujimak Corp
« Reply #125 on: March 17, 2017, 06:50:25 AM »
I've sold my shares today. I think I can probably find something in Japan that is significantly cheaper. Fujimak is also pretty poor when it comes to buybacks and dividends.

It seems a lot of these large price movements in Japan recently are driven by speculators. Daiken (5900.JP) is another one that shot up and almost doubled in one month. Sold that as well. It seems to be coming back down rapidly now. It's not that these companies are now expensive or anything, they've just shot up on fairly large volumes for no particular reason. I don't think this is driven by fundamental investors who suddenly realize these stocks are cheap.

writser

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Re: 5965.JP - Fujimak Corp
« Reply #126 on: Today at 04:37:50 AM »
1.5 years later - stock has traded over 1450 JPY and now down close to 50% again. Trading at ~7.5x average last 5 year earnings and ~60% of tangible book. Still hoarding cash - should easily be possible to pay out ~50% of the current market cap (which of course I don't expect them to do ..) . Still, starting to look interesting again though I'll probably wait to see if it gets a bit cheaper.
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.