Hi guys,
Dolomite (a loss making company) suddenly jumped in price by a whopping 143.75% From 8 SEN TO 19.5 SEN Due to One Off Asset Disposal
See
DOLOMITE CORPORATION BERHAD |
Type | Announcement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Subject |
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
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Description |
DOLOMITE CORPORATION BERHAD ("DOLOMITE" OR "COMPANY") PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN DOLOMITE GRANITE QUARRY SDN BHD TO SUNWAY HOLDINGS SDN BHD ("PROPOSED DISPOSAL") |
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On behalf of the Board of Directors of Dolomite, M&A Securities Sdn Bhd wishes to announce that Dolomite Industries Company Sdn Bhd (“DICSB”), a wholly-owned subsidiary of Dolomite, had on 3 June 2019 entered into a share sale agreement with Sunway Holdings Sdn Bhd (“SHSB”), a wholly-owned subsidiary of Sunway Berhad for the proposed disposal by DICSB of 100% equity interest in Dolomite Granite Quarry Sdn Bhd (“DGQSB”) comprising 100 ordinary shares for a total disposal consideration of RM125,000,100 comprising a cash amount of RM100 together with advances by SHSB to DGQSB of RM125,000,000.
See Dolomite latest quarter result
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
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THE ABOVE TABLE SHOWS DOLOMITE HAS A SMALL REVENUE OF ONLY RM6.3 MILLIONS
A LOSS OF -1.89 SEN
A SMALL NAV OF ONLY 8 SEN
THEN HOW COME THE SHARE COULD SURGE BY 143.75% FOR AN 11.5 SEN GAIN?
HA! THIS SHOWS THAT WHAT PETER LYNCH, BEN GRAHAM AND WALTER SCHLOSS TAUGHT ABOUT ASSET PLAY IS TRUE
DOLOMITE DISPOSED A LEASEHOLD QUARRY LAND FOR RM125 MILLIONS OF WHICH THERE IS A PROFIT OF 21 SEN
SO IS THE PRICE RISE JUSTIFIED?
WITH NTA OF 8 SEN AND A ONE OFF ASSET DISPOSAL DOLOMITE LOOKS LIKE OVERVALUED FOR NOW AS ITS NTA SUPPORT AND FUTURE PROFIT ARE STILL WEAK
BUT THE CASH OF RM125 MILLIONS WILL UNLOCK VALUE
NOW LOOK AT A POTENTIAL STOCK WITH BETTER FUNDAMENTAL THAN DOLOMITE
SEE ASB LATEST QTR RESULT
SUMMARY OF KEY FINANCIAL INFORMATION
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INDIVIDUAL PERIOD
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CUMULATIVE PERIOD
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CURRENT YEAR QUARTER
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PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
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PRECEDING YEAR
CORRESPONDING PERIOD |
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31 Mar 2019
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31 Mar 2018
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31 Mar 2019
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31 Mar 2018
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$$'000
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$$'000
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$$'000
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$$'000
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1 | Revenue |
63,278
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65,813
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63,278
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65,813
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2 | Profit/(loss) before tax |
-3,202
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-2,154
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-3,202
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-2,154
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3 | Profit/(loss) for the period |
-4,606
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-3,609
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-4,606
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-3,609
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4 | Profit/(loss) attributable to ordinary equity holders of the parent |
-4,703
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-3,994
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-4,703
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-3,994
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5 | Basic earnings/(loss) per share (Subunit) |
-0.51
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-0.47
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-0.51
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-0.47
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6 | Proposed/Declared dividend per share (Subunit) |
0.00
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0.00
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0.00
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0.00
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AS AT END OF CURRENT QUARTER
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AS AT PRECEDING FINANCIAL YEAR END
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7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.4550
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0.4540
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AS YOU CAN SEE FROM THE ABOVE ASB'S REVENUE IS RM63 MILLIONS (10 TIMES MORE THAN DOLOMITE)
IT ALSO REGISTERED A SMALLER LOSS OF -0.51 THAN DOLOMITE
ITS NTA IS 45 SEN WHICH IS 5.6X MORE THAN DOLOMITE
SO FROM ALL ANGLES ASB HAS BETTER FUNDAMENTAL THAN DOLOMITE
NOW LOOK AT ASB ASSET DISPOSAL
ADVANCE SYNERGY BERHAD |
Type | Announcement |
Subject |
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description |
ADVANCE SYNERGY BERHAD ("ASB" OR "THE COMPANY") Proposed disposal of all that piece of freehold land held under GRN 177486, Lot 38271, Pekan Baru Hicom, Daerah Petaling, Negeri Selangor together with the buildings as well as fixtures and fittings erected and affixed thereon |
The Board of Directors of ASB (“Board”) wishes to announce that its indirect wholly-owned subsidiary, AESBI Power Systems Sdn Bhd (Company No.: 336668-T)(“Vendor”), had on 10 May 2019 entered into a conditional Sale and Purchase Agreement (hereinafter referred to as “SPA”) with Symphony Warehouse Sdn Bhd (Company No. 1322075-V)(“Purchaser”) for the proposed disposal of all that piece of freehold land held under GRN 177486, Lot 38271, Pekan Baru Hicom, Daerah Petaling, Negeri Selangor (the “Land”) together with that the buildings and structures erected on the Land and fixtures and fittings (excluding those which are listed by the Vendor and given to the Purchaser prior to completion of the SPA) erected and affixed thereon (collectively, the “Property”) for a cash consideration of Ringgit Malaysia One Hundred and Twenty Four Million (RM124,000,000) only (“Purchase Price”), subject to the terms and conditions as stipulated in the SPA (“Proposed Disposal”). |
HA! DID YOU NOTICE THAT
DOLOMITE SELLING ITS LEASEHOLD QUARRY LAND FOR RM125 MILLIONS
ASB SELLING ITS PRIME FACTORY LANDS IN SHAH ALAM FOR RM124 MILLIONS
ASB WILL GET 12 SEN GROSS WITH A NET PROFIT OF 8.3 SEN
DO YOU SEE THE HUGE PRICE DISCREPANCY? MR, MARKET HAS CHASED UP DOLOMITE SHARES INTO GROSS OVER VALUATION WHILE IT HAS CARELESSLY OVERLOOKED THE DEEP VALUE OF ASB
HENCE THERE IS GREAT OPPORTUNITY TO BUY ASB AT 13.5 SEN NOW
HOW COULD CALVIN AND HIS BUDDIES MISS?
BEST REGARDS
Calvin Tan Research
Please buy/sell or keep Cash after doing your own due diligence
Chart | Stock Name | Last | Change | Volume |
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Created by calvintaneng | Aug 03, 2024
Created by calvintaneng | Aug 02, 2024
Created by calvintaneng | Jul 31, 2024
Created by calvintaneng | Jul 24, 2024
Good morning
No. No net loss
It shows operating loss but ACTUAL NET NET IS GAINING YEAR AFTER YEAR
WHY LEH?
BECAUSE IT KEEPS ON INVESTING AND ROTATING INTO HARD ASSETS
THESE HARD ASSETS HAVE GONE UP IN NET VALUE ON 2 COUNTS
1) AFTER BUYING THESE ASSETS MANAGEMENT ADD VALUE TO IT
EXAMPLE IS DAIMAN
DAIMAN BOUGHT THE LANDMARK BUILDING IN JB CBD FROM JB HIGH COURT AUCTION I THINK FOR RM100 MILLIONS
THEN DAIMAN SPENT ANOTHER RM100 MILLIONS TO REFURBISH IT INTO DAIMAN OFFICE (ONE BLOCK) AND ANOTHER BLOCK INTO DOUBLE TREE HILTON HOTEL
BUT THE EXTRA RM100 MILLIONS (FOR RENOVATIONS) BOOKED AS EXPENSE (A LOSS)
AND NOT REPORTED IN THE BOOK VALUE
SO RM100 MILLIONS (HIDDEN VALUE) ONLY COMPANY KNOWS AND NOT SHAREHOLDERS
THEN DAIMAN BOSS TOOK IT PRIVATE FOR A SONG
2) ASB SITTING ON GOLD MINES AS ASSETS ARE NOT YET REVALUED JUST LIKE MUI GROUP
NOW JUST ONE PROPERTY (BOOK VALUE RM31 MILLIONS) AFTER SELLING REVEALED A MARKET VALUE OF RM124 MILLIONS (PROFIT OF RM83 MILLIONS) OR 8.3 SEN
THIS WILL BE REFLECTED IN COMPANY ANNOUNCEMENT WHEN CASH IS RECEIVED
SO LOOK BEYOND SURFACE OPERATING LOSSES
LEARN TO LOOK DEEPER
2019-06-07 10:05
Another great investment of ASB is Captii Bhd listed in Singapore
See
https://simplywall.st/stocks/sg/tech/sgx-awv/captii-shares/news/could-the-captii-limited-sgxawv-ownership-structure-tell-us-something-useful/
Just as Singpore Sunright owns Malaysia KESM
ASB of Malaysia owns 58% of Singapore Captii Limited
https://simplywall.st/stocks/sg/tech/sgx-awv/captii-shares/news/could-the-captii-limited-sgxawv-ownership-structure-tell-us-something-useful/
http://www.asb.com.my/info_commtech.html
2019-06-07 10:11
For more information on the Captii group, please visit the Captii group website: www.captii.com
2019-06-07 10:15
For more information on the Captii group, please visit the Captii group website: www.captii.com
2019-06-07 10:17
See Calvin's comments in Daiman before it was taken private at Rm3.00
https://klse.i3investor.com/servlets/stk/5355.jsp
ASB is another candidate to be taken private above 30 sen one day
Even at 30 sen for privatization ASB will still be undervalue
2019-06-07 10:30
Shortsighted investor
See how Mui Bhd never given dividend for upteen years yet price going up
Also Lafarge cement making losses price still going up above Ytl offer price of Rm3.75?
So at least Asb is giving out a small dividend
Plus Asb's 58% owned Captii LTD in Singapore is giving a nice 3.1% dividend
So Asb is a much better company think people think
2019-06-07 13:12
share4u2019
Tomorrow I will buy ASB as much as possible
2019-06-07 01:11