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Last Price Today's Change   Day's Range   Trading Volume
1.60   +0.02 (1.27%)  1.56 - 1.60  470,000
1,864 comment(s). Last comment by ChongLeeWoon at May 5, 2021 6:09 PM
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JohnFarmer458
1633 posts

Posted by JohnFarmer458 > Apr 30, 2021 9:53 AM | Report Abuse

i just collected more, believe in the fundamental. Once market digest the value.. price will go north eventually


JohnFarmer458
1633 posts

Posted by JohnFarmer458 > Apr 30, 2021 3:02 PM | Report Abuse

Good volume lets see closing got another round push


stockraider
22786 posts

Posted by stockraider > May 1, 2021 10:37 AM | Report Abuse

Sell lah b4 too late, it is value less than Rm 1.50 loh!


ChongLeeWoon
90 posts

Posted by ChongLeeWoon > May 1, 2021 10:53 AM | Report Abuse

RM1.50 issuance price is just a "share swap" exercise with Nylex holder for the consolidation. Ancom dilute 9% to consol balance 49% of Nylex biz, Nylex holder become Ancom holders plus existing Nylex shell.

To me is a brilliant corporate exercise to realize Nylex underlying value during turnaround, plus more importantly to realize the immense potential of Ancom to be a billion ringgit co as an integrated chemical group!!

Monday continue to huat arrrr!!!


stockraider
22786 posts

Posted by stockraider > May 1, 2021 10:58 AM | Report Abuse

After the swap...ancom will be less than rm 1.50 mah!

Bcos more sellers coming loh!

Posted by ChongLeeWoon > May 1, 2021 10:53 AM | Report Abuse

RM1.50 issuance price is just a "share swap" exercise with Nylex holder for the consolidation. Ancom dilute 9% to consol balance 49% of Nylex biz, Nylex holder become Ancom holders plus existing Nylex shell.

To me is a brilliant corporate exercise to realize Nylex underlying value during turnaround, plus more importantly to realize the immense potential of Ancom to be a billion ringgit co as an integrated chemical group!!

Monday continue to huat arrrr!!!


ChongLeeWoon
90 posts

Posted by ChongLeeWoon > May 1, 2021 12:08 PM | Report Abuse

Well supported by better earnings and increase in Net Asset la.

K la lazy explain too much later u say i lansi my corporate finance to you hehe


dasan784
33 posts

Posted by dasan784 > May 1, 2021 5:37 PM | Report Abuse

ChongLeeWoon.......... please ignore negativity. Continue to give your thoughts as long investors continue to benefit. Be like sifu Calvin negativity never effects him.
You and JustinLong have been a pillar of strength to genuine and long term investors so continue you good work.
I believe in stockraiders view also but the correction will be temporary only. ANCOM is a great stock to invest and let's in enjoy the good ride. Cheers.


DreamHunter
10290 posts

Posted by DreamHunter > May 1, 2021 5:41 PM | Report Abuse

yah kah


DreamHunter
10290 posts

Posted by DreamHunter > May 1, 2021 5:41 PM | Report Abuse

sure boh?


JohnFarmer458
1633 posts

Posted by JohnFarmer458 > May 3, 2021 9:25 AM | Report Abuse

Ancom TP RM2.50


dasan784
33 posts

Posted by dasan784 > May 3, 2021 10:30 AM | Report Abuse

JohnFarmer458...... Yes i am sure that your are absolutely right about the TP @ RM2.50.
I remember the first call buy was made by Sifu Calvin Tan last year and from his research he said it is expected to move anything between RM2 - RM3.00. Since then ANCOM has been moving steadily. How great thou art. Tq Sifu Calvin, JustinLong, ChongLeeWoon, John farmer and the rest of all the positive sifus. A big thank you to you all and to ANCOM also.


JustinLong
145 posts

Posted by JustinLong > May 3, 2021 10:50 PM | Report Abuse

Valuation Exercise:
YTD Q3 PATAMI [ 3 + 6 + 7 ] = RM16m
Assuming a conservative RM7m for Q4,
full year FY21 PATAMI RM23m
(Q4 results expected to be even better than Q3)

What is a fair P/E for ANCOM?
Local agrochem Hextar given P/E of 30 by PublicInvest.
What about other listed agrochem companies?

- Bayer Crop Science [P/E 52]
- Corteva [P/E 49]
- Sumitomo [P/E 59]
- Adama [P/E 59]

Average of P/E 50+ !!
Because they deal with FOOD SECURITY via crop protection, just like ANCOM.

Taking CURRENT FY patami of RM25m at various levels of P/E, what would the market cap of ANCOM be from current level of RM421m?

P/E 25 = RM625m [ 48% upside ]
P/E 30 = RM750m [ 78% upside ]
P/E 35 = RM875m [ 108% upside ]

ANCOM's turnaround story has just begun, so the P/E may be gradually moving up. Plus, management forecast next year's results to be better than the current year's RM25m.

Verdict: there is still immense value in ANCOM to be unlocked


JustinLong
145 posts

Posted by JustinLong > May 3, 2021 11:01 PM | Report Abuse

Valuation Exercise:
YTD Q3 PATAMI [ 3 + 6 + 7 ] = RM16m
Assuming a conservative RM7m for Q4,
full year FY21 PATAMI RM23m
(Q4 results expected to be even better than Q3)

What is a fair P/E for ANCOM?
Local agrochem Hextar trading at P/E of 30

Other listed agrochem companies:

- Bayer Crop Science [P/E 52]
- Corteva [P/E 49]
- Sumitomo [P/E 59]
- Adama [P/E 59]

Average of P/E 50+ !!
Because they deal with FOOD SECURITY via crop protection, just like ANCOM.

Taking CURRENT FY patami of RM25m at various levels of P/E, what would the market cap of ANCOM be from current level of RM421m?

P/E 25 = RM625m [ 48% upside ]
P/E 30 = RM750m [ 78% upside ]
P/E 35 = RM875m [ 108% upside ]

ANCOM's turnaround story has just begun, so the P/E may be gradually moving up. Plus, management forecast next year's results to be better than the current year's RM25m.

Verdict: there is still immense value in ANCOM to be unlocked


ChongLeeWoon
90 posts

Posted by ChongLeeWoon > May 5, 2021 6:09 PM | Report Abuse

Retailers sell on news...but...

Ancom CHAIRMAN and CEO both bought shares EVERYDAY after the consolidation exercise announcement, even at RM1.70++ !!!

Overall market weak now so best time to accumulate for next uptrend to RM2.50!

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