Highlights
KLSE: ELKDESA (5228)       ELK-DESA RESOURCES BHD MAIN : Finance
Last Price Today's Change   Day's Range   Trading Volume
1.25   -0.03 (2.34%)  1.25 - 1.27  94,300
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Additional Listing

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Ann. Date Date Type Units Price Total NOSH View
08-Nov-2018 09-Nov-2018 Conversion of Loan Stocks 928,814 1.180 308,939,018 Additional Listing Detail
24-Oct-2018 25-Oct-2018 Conversion of Loan Stocks 620,000 1.180 308,010,204 Additional Listing Detail
10-Oct-2018 11-Oct-2018 Conversion of Loan Stocks 500,000 1.180 307,390,204 Additional Listing Detail
04-Sep-2018 05-Sep-2018 Conversion of Loan Stocks 8,900 1.180 306,890,204 Additional Listing Detail
13-Aug-2018 14-Aug-2018 Conversion of Loan Stocks 889,000 1.180 306,881,304 Additional Listing Detail
25-Jul-2018 26-Jul-2018 Conversion of Loan Stocks 430,000 1.180 305,992,304 Additional Listing Detail
16-Jul-2018 17-Jul-2018 Conversion of Loan Stocks 65,000 1.180 305,562,304 Additional Listing Detail
04-Jul-2018 05-Jul-2018 Conversion of Loan Stocks 11,000 1.180 305,497,304 Additional Listing Detail
11-Jun-2018 12-Jun-2018 Conversion of Loan Stocks 6,094,491 1.180 305,486,304 Additional Listing Detail
25-Apr-2018 26-Apr-2018 Conversion of Loan Stocks 962,202 1.180 299,391,813 Additional Listing Detail
11-Apr-2018 12-Apr-2018 Conversion of Loan Stocks 12,000 1.180 298,429,611 Additional Listing Detail
12-Feb-2018 13-Feb-2018 Conversion of Loan Stocks 10,000 1.180 298,417,611 Additional Listing Detail
15-Jan-2018 16-Jan-2018 Conversion of Loan Stocks 1,694 1.180 298,407,611 Additional Listing Detail
28-Dec-2017 29-Dec-2017 Conversion of Loan Stocks 10,000 1.180 298,405,917 Additional Listing Detail
26-Dec-2017 27-Dec-2017 Conversion of Loan Stocks 17,000 1.180 298,395,917 Additional Listing Detail
13-Dec-2017 14-Dec-2017 Conversion of Loan Stocks 1,694 1.180 298,378,917 Additional Listing Detail
05-Dec-2017 06-Dec-2017 Conversion of Loan Stocks 3,389 1.180 298,377,223 Additional Listing Detail
29-Nov-2017 30-Nov-2017 Conversion of Loan Stocks 15,000 1.180 298,373,834 Additional Listing Detail
22-Nov-2017 23-Nov-2017 Conversion of Loan Stocks 50,000 1.180 298,358,834 Additional Listing Detail
08-Nov-2017 09-Nov-2017 Conversion of Loan Stocks 500,000 1.180 298,308,834 Additional Listing Detail
24-Oct-2017 25-Oct-2017 Conversion of Loan Stocks 10,000 1.180 297,808,834 Additional Listing Detail
11-Oct-2017 12-Oct-2017 Conversion of Loan Stocks 1,958,000 1.180 297,798,834 Additional Listing Detail
04-Oct-2017 05-Oct-2017 Conversion of Loan Stocks 4,000,000 1.180 295,840,834 Additional Listing Detail
26-Sep-2017 27-Sep-2017 Conversion of Loan Stocks 5,000 1.180 291,840,834 Additional Listing Detail
07-Sep-2017 08-Sep-2017 Rights Issue 46,492,498 1.160 291,835,834 Additional Listing Detail
23-Aug-2017 24-Aug-2017 Conversion of Loan Stocks 50,846 1.180 245,343,336 Additional Listing Detail
03-Aug-2017 04-Aug-2017 Conversion of Loan Stocks 31,949 1.180 245,292,490 Additional Listing Detail
12-Jul-2017 13-Jul-2017 Conversion of Loan Stocks 30,423 1.180 245,260,541 Additional Listing Detail
05-Jul-2017 06-Jul-2017 Conversion of Loan Stocks 13,898 1.180 245,230,118 Additional Listing Detail
30-Jun-2017 03-Jul-2017 Conversion of Loan Stocks 10,000 1.180 245,216,220 Additional Listing Detail
28-Jun-2017 29-Jun-2017 Conversion of Loan Stocks 1,033,850 1.180 245,206,220 Additional Listing Detail
20-Jun-2017 21-Jun-2017 Conversion of Loan Stocks 1,005,000 1.180 244,172,370 Additional Listing Detail
29-May-2017 30-May-2017 Conversion of Loan Stocks 5,000 1.180 243,167,370 Additional Listing Detail
09-May-2017 11-May-2017 Conversion of Loan Stocks 5,000 1.180 243,162,370 Additional Listing Detail
03-May-2017 04-May-2017 Conversion of Loan Stocks 27,844 1.180 243,157,370 Additional Listing Detail
22-Feb-2017 23-Feb-2017 Conversion of Loan Stocks 2,000 1.180 243,129,526 Additional Listing Detail
16-Jan-2017 17-Jan-2017 Conversion of Loan Stocks 3,000 1.180 243,127,526 Additional Listing Detail
29-Dec-2016 30-Dec-2016 Conversion of Loan Stocks 5,000 1.180 243,124,526 Additional Listing Detail
13-Dec-2016 14-Dec-2016 Conversion of Loan Stocks 1,949,152 1.180 243,119,526 Additional Listing Detail
28-Nov-2016 29-Nov-2016 Conversion of Loan Stocks 1,502,796 1.180 241,170,374 Additional Listing Detail
08-Sep-2016 09-Sep-2016 Conversion of Loan Stocks 33,792 1.180 239,667,578 Additional Listing Detail
06-Sep-2016 07-Sep-2016 Conversion of Loan Stocks 25,898 1.180 239,633,786 Additional Listing Detail
01-Sep-2016 02-Sep-2016 Conversion of Loan Stocks 3,500,000 1.180 239,607,888 Additional Listing Detail
29-Aug-2016 30-Aug-2016 Conversion of Loan Stocks 3,161,871 1.180 236,107,888 Additional Listing Detail
24-Aug-2016 25-Aug-2016 Conversion of Loan Stocks 1,767,468 1.180 232,946,017 Additional Listing Detail
22-Aug-2016 23-Aug-2016 Conversion of Loan Stocks 42,372 1.180 231,178,549 Additional Listing Detail
17-Aug-2016 18-Aug-2016 Conversion of Loan Stocks 1,308,474 1.180 231,136,177 Additional Listing Detail
15-Aug-2016 16-Aug-2016 Conversion of Loan Stocks 655,338 1.180 229,827,703 Additional Listing Detail
10-Aug-2016 11-Aug-2016 Conversion of Loan Stocks 265,807 1.180 229,172,365 Additional Listing Detail
08-Aug-2016 09-Aug-2016 Conversion of Loan Stocks 682,625 1.180 228,906,558 Additional Listing Detail
03-Aug-2016 04-Aug-2016 Conversion of Loan Stocks 301,061 1.180 228,223,933 Additional Listing Detail
01-Aug-2016 02-Aug-2016 Conversion of Loan Stocks 86,863 1.180 227,922,872 Additional Listing Detail
27-Jul-2016 28-Jul-2016 Conversion of Loan Stocks 268,406 1.180 227,836,009 Additional Listing Detail
20-Jul-2016 21-Jul-2016 Conversion of Loan Stocks 67,500 1.180 227,567,603 Additional Listing Detail
15-Jul-2016 18-Jul-2016 Conversion of Loan Stocks 119,107 1.180 227,500,103 Additional Listing Detail
13-Jul-2016 14-Jul-2016 Conversion of Loan Stocks 2,832,929 1.180 227,380,996 Additional Listing Detail
08-Jul-2016 11-Jul-2016 Conversion of Loan Stocks 869,657 1.180 224,548,067 Additional Listing Detail
04-Jul-2016 05-Jul-2016 Conversion of Loan Stocks 252,286 1.180 223,678,410 Additional Listing Detail
29-Jun-2016 30-Jun-2016 Conversion of Loan Stocks 1,792,028 1.180 223,426,124 Additional Listing Detail
28-Jun-2016 29-Jun-2016 Conversion of Loan Stocks 3,220,337 1.180 221,634,096 Additional Listing Detail
23-Jun-2016 24-Jun-2016 Conversion of Loan Stocks 9,712,796 1.180 218,413,759 Additional Listing Detail
20-Jun-2016 21-Jun-2016 Conversion of Loan Stocks 1,649,760 1.180 208,700,963 Additional Listing Detail
15-Jun-2016 16-Jun-2016 Conversion of Loan Stocks 2,012,000 1.180 207,051,203 Additional Listing Detail
13-Jun-2016 14-Jun-2016 Conversion of Loan Stocks 37,287 1.180 205,039,203 Additional Listing Detail
08-Jun-2016 09-Jun-2016 Conversion of Loan Stocks 115,405 1.180 205,001,916 Additional Listing Detail
06-Jun-2016 07-Jun-2016 Conversion of Loan Stocks 9,018,643 1.180 204,886,511 Additional Listing Detail
01-Jun-2016 02-Jun-2016 Conversion of Loan Stocks 1,268,472 1.180 195,867,868 Additional Listing Detail
25-May-2016 26-May-2016 Conversion of Loan Stocks 916,980 1.180 194,599,396 Additional Listing Detail
23-May-2016 24-May-2016 Conversion of Loan Stocks 16,948 1.180 193,682,416 Additional Listing Detail
18-May-2016 19-May-2016 Conversion of Loan Stocks 6,014,738 1.180 193,665,468 Additional Listing Detail
11-May-2016 12-May-2016 Conversion of Loan Stocks 914,661 1.180 187,650,730 Additional Listing Detail
03-May-2016 04-May-2016 Conversion of Loan Stocks 1,666,069 1.180 186,736,069 Additional Listing Detail
27-Apr-2016 28-Apr-2016 Conversion of Loan Stocks 260,000 1.180 185,070,000 Additional Listing Detail
25-Apr-2016 26-Apr-2016 Conversion of Loan Stocks 10,000 1.180 184,810,000 Additional Listing Detail
27-Oct-2015 28-Oct-2015 Rights Issue 59,800,000 1.200 184,800,000 Additional Listing Detail
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logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5228/31-Mar-2015.jsp
21/05/2015 17:29
gforce2 7.5 sen dividend announced for the year.
But, they also announced a proposed renounceable rights issue of up to 62,500,000 new ordinary shares on the basis of one (1) Rights Share for every two (2) existing ordinary shares.

GST has affected second-hand car sales, and consequently the car loan/hire purchase market. Seems they are making sure their cashflow doesn't dry up in the short to medium term.

On paper, they have over RM50m in cash/FD, but that is after the ICULS which raised RM100m (which will also add about 80m new shares upon maturity). Let's assume a rights issue at RM1 per share, which will boost their cash reserves by another RM60m+. That's over RM110m cash in total. To put that in pespective, annual revenue was RM57m.

Assuming profits are maintained during the expected slowdown, the share dilution will mean lower EPS & DY in the short term. But let's see how they use the cash to grow.
10/06/2015 10:52
irisexy Most of the investor don't like right issue.
Who want to take out money at this moment.
11/07/2015 22:57
Acealicewy This counter suitable for those who wish to collect dividends and seldom need to look at the price movement.
25/07/2015 01:13
HolySh1t this counter dividends so high
28/07/2015 22:33
gungho92 lol... so i was right. they are running short of cash ! *shake head*
31/07/2015 22:34
gforce2 Unlike a bank, they can't raise funds through fresh bank deposits. To grow faster, they either have to borrow (debt), or issue new shares (equity) through private placement or rights issues. What I like about this company, is they've kept their bank borrowings relatively low. Their Non Performing Loans (car payment defaulters) are also manageable. In the current economic environment, Cash is still King.
20/08/2015 18:51
gforce2 http://www.bursamalaysia.com/market/listed-companies/company-announcements/4837845
Results out. Very steady, considering the current market turmoils.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4837885
The Board of Directors of ELK-Desa Resources Berhad has adopted a dividend policy to distribute not less than 60% of the Group’s annual net profits after tax to shareholders of the Company with effect from the financial year ending 31 March 2016.
The dividend policy is an initiative taken by the Company to consistently reward its long term shareholders.

Assuming they maintain their current EPS of about 15 sen, that means an estimated dividend payout of about 9 sen.
24/08/2015 18:46
cykinvest i only received my prospectus for the rights issue on 1-10-15 whereas the ex-date of the rights was 22-9-15 leaving me no choice but to take up the rights to avoid diluting my share value. Can someone tell me whether the company is following the right procedure?
02/10/2015 09:34
huat888 Don't understand what do you mean by not following the procedure?
OR trading started on 29/09/15. If don't wish to take up the rights, should have sold before ex-date.
02/10/2015 22:29
ivan9511 Hi team . Do you guys think I should hold elkdesa ?
I have no idea at all.
Potential good?
30/11/2015 13:45
ivan9511 three day same pattern.
tomorrow will hit 1.22 till1.25
02/12/2015 23:40
Acealicewy price very stable will not have heart attack like other stock in such market.. ELK is growing now and have very good dividends!
15/12/2015 16:59
domperrier Bought some for the dividend this morning, & also becos there's no more danger of a rights issue :D
23/02/2016 16:13
gforce2 3.25 sen interim dividend declared. Seems like they're switching to half-yearly dividend, instead of annually. Assuming dividend split evenly, that's 6.5 sen for the year; that's about 5% DY, on par with past performance.
24/02/2016 12:19
gforce2 Proposed dividend of 3.5 sen, bringing it to a total of 6.75 sen. That's about 5.4% DY at the current share price.

===
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097433

The Board of Directors of ELK-Desa Resources Berhad is pleased to announce that a single tier final dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2016 will be recommended to the shareholders for approval at the forthcoming 27th Annual General Meeting of ELK-Desa Resources Berhad.

The entitlement date and date of payment in respect of the aforesaid final dividend will be determined and announced in due course.

This announcement is dated 20 May 2016.
29/05/2016 18:36
gforce2 Proposed dividend of 3.5 sen, bringing it to a total of 6.75 sen. That's about 5.4% DY at the current share price.

===
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097433

The Board of Directors of ELK-Desa Resources Berhad is pleased to announce that a single tier final dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2016 will be recommended to the shareholders for approval at the forthcoming 27th Annual General Meeting of ELK-Desa Resources Berhad.
29/05/2016 18:37
gforce2 Proposed dividend of 3.5 sen, bringing it to a total of 6.75 sen. That's about 5.4% DY at the current share price.

===
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097433

The Board of Directors of ELK-Desa Resources Berhad is pleased to announce that a single tier final dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2016 will be recommended to the shareholders for approval at the forthcoming 27th Annual General Meeting of ELK-Desa Resources Berhad.
29/05/2016 18:38
Noni Yes, going to ex-dividend soon. Hooray!
07/09/2016 17:49
gforce2 http://www.freemalaysiatoday.com/category/nation/2016/11/04/used-car-dealerships-facing-tough-times/

Just wondering how this will affect ELK-Desa, since this is their main target market.
05/11/2016 17:23
Angielim9955 gforce2 , elk report so good and good divident
10/11/2016 22:54
SpaceNeedle diluting eps is an issue as conversion of loan stock even though higher net profit. This may continue causing its share price under pressure once share buy back activity lesser.
11/11/2016 10:26
gforce2 Yes. On paper, they had a good 2nd quarter. Higher revenue, but also higher impairment allowance (bad debt? NPL?) for their hire purchase financing. Also note, their furniture business makes their revenue look bigger, but it isn't profitable yet.
ICULS holders are also converting to the mother share since the dividend yield is much better (about 5.7% at current share price vs 3.25% Loan Stock Interest).

I was talking about the next 6 months to 1 year. Malaysian market starting to look a little bit shaky.
11/11/2016 10:36
Angielim9955 gforce2 , do you know why such good qr cannnot help sha price , now near hist lowest ?
is it because rinnggit too weak ?
11/11/2016 18:02
gforce2 Angielim9955, a lot of headwinds, not just locally, but internationally. The battering of the ringgit this week may just be a one-off, but it's going to be a real rollercoaster I think.

Here's another bit of news:
Another ELK DESA Rights Issue! (1 for 5)
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5257461

At least the rights issue will be at RM1.16, so it won't depress the share price too much.
More shares in the market should help to boost the liquidity/volume.
11/11/2016 18:22
Angielim9955 gforce2 , thanks gforce2
11/11/2016 18:29
Jacky Yip 它建议五配一附加股 @ RM1.16
18/11/2016 22:24
geary Simple n boring business, easy to understand, plus good earnings growth, those who intend to buy long-term more than 5 yrs, at this price is fair. Wz dividend ratio of above 50% n good FCF n retained earnings growth, it is slighly out-of-favour. Buy n hold n not for speculator, who will never ride on their investment. D best is FA wz some TA knowledge, combination of 2 kung-fu! Bye!
21/11/2016 01:33
gforce2 http://www.theedgemarkets.com/my/article/elk-desa-unperturbed-lacklustre-economy
01/12/2016 02:37
AK2899 每年都在附加股的公司,好个屁?你们的股份都被大股东吃光光还好吗?proton saga.
19/01/2017 01:31
smartInvestor1 一边出附加股拿钱 一边派息给股东?直接看ROE 太低。Furniture business still suffer loss
22/01/2017 15:08
crazy127 Future rm6.60
31/01/2017 12:44
Crazy crazy Sleeping counter....
17/02/2017 12:12
wei007 even with a good quarter result...
17/02/2017 18:19
crazy127 Buy TGUAN, now 4.50, next yr 8.88
29/03/2017 06:43
wisdomtot so exciting, yet forum is so quiet
08/06/2017 16:00
wisdomtot syiok sendiri... explode soon
14/06/2017 16:44
wei007 These 2 days volume are extremely huge. Please dun explode so soon....I am still collecting.
14/06/2017 17:13
gforce2 http://www.theedgemarkets.com/article/elkdesa-posts-8-drop-1q-net-profit

KUALA LUMPUR (Aug 18): ELK-Desa Resources Bhd reported an 8.1% drop in net profit for its first quarter ended June 30, 2017 (1QFY18) RM5.05 million from RM5.5 million a year earlier.
...
The group’s revenue for the quarter rose 16.2% to RM25.57 million from RM21.99 million in 1QFY17, thanks to higher sales contribution from both business segments.
Revenue for its hire purchase segment grew 15% to 17.64 million, whereas that of the furniture segment rose 20% to RM7.94 million.
ELK-Desa said impairment allowance for its hire purchase segment rose 46% to RM6.45 million, primarily due to higher delinquent accounts and cost of debt recoveries.
...
Similarly, the impairment allowance for its furniture segment jumped by 100% to about RM160,000 due to long outstanding trade receivables.
...

"The board is confident that the group's profit for the financial year ending 31 March 2018 will be better than financial year ended 31 March 2017," it added.

===
Quick Analysis:
The recent rights issue to raise ~RM59m was timed to provide additional funds to grow their hire purchase & furniture businesses. This should hopefully counter the higher impairments to be expected in a slowing domestic economy.
Revenue is up, but profit is down. Overall, it seems like there are more headwinds ahead. Dividend yield is around 4.5% pa, so if you're a yield seeker, some selected REITs might be a better bet.
18/08/2017 19:15
PenguinDad Has right issue completed and right transfer to cds a/c?
06/09/2017 17:17
EVO118 Some big player out there with a huge blocker everytime it gets close to 1.21, as well blocking it from going down below 1.17. This can only happen if they have huge volume. The order gets placed whenever it gets close. It's not there now. Was there yesterday as a buyer before cancelling it, & there before lunch as a seller today but has since pulled the order. Not sure what is going on.
09/11/2017 14:54
EVO118 Someone is making sure the loan stock conversion price of 1.18 is not breached. The big order appears when the price is threaten. Just doesn't understand whoever it is having a road block at 1.21 on a potential 3% profit. Maybe a fake selling order..
09/11/2017 15:46
Jon Choivo This is a good company.

Problem is that use too much equity, so much share issue etc, that really dilute the share base.

This is a financing company, which means you need to leverage up. Other non deposit taking financial institutions leverage up 3-5.5 times. While Elkdesa only has leverage of 0.1 times.

My suggestion, take a loan and give a fat div. Leverage it up to at least 2 times.
16/11/2017 23:33
PenguinDad vinchain.io for second car sales with cryptocurrency!
07/03/2018 10:46
Meng 这公司还真冷门,赚了钱也没人理
17/08/2018 13:47
wei007 唯有继续累积拿股息。。。
18/08/2018 00:05
wei007 Rakuten Trade recommend with target price RM 1.38
31/08/2018 00:41
Kiryu88 rakuten sinkalan got la
01/09/2018 00:25
Meng suddenly got some volume today
09/10/2018 16:04
Meng another quarter with nice results. seems like they are pushing sales now. profits should be higher next year
13/11/2018 18:35


 

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