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2021-10-07 21:07 | Report Abuse
price keep going down. the deal maybe off..
2021-10-07 05:53 | Report Abuse
See can trade at rm0.80 Sen immediate term
2021-09-19 20:51 | Report Abuse
I HAVE NO MSC AT THE MOMENT. SO DO NOT KNOW WHEN TO REACH THE 1.40
2021-09-19 20:19 | Report Abuse
Even chip also fighting with taiwan
2021-09-19 20:19 | Report Abuse
Glove price will be down as china is fighting with usa
2021-09-19 20:18 | Report Abuse
Yeap really had qr and increase in debt and central kitchen problem...
2021-09-15 15:24 | Report Abuse
buy below rm1.40 to rm1.80 is strong buy.
2021-09-14 13:35 | Report Abuse
fv shall be 1.56. but market is bad wait and see loh..
2021-09-14 12:58 | Report Abuse
ofi today is 0.945. do not know can sustain or not. any comment...
2021-09-05 12:28 | Report Abuse
fund manager do not buy the share as too iliquid. so watch out
2021-09-01 15:23 | Report Abuse
A final single tier dividend of 19.75 sen per share in respect of the financial year ended 31 March 2021.
2021-08-31 08:57 | Report Abuse
The MCO due to covid 19 imposed by the Government has adverse impact on the hotel operations and rental collections. Although is high NTA.
2021-08-19 20:17 | Report Abuse
if the owner is mean shareholder friendly than shall inform. so shall make your decision...
2021-08-18 17:14 | Report Abuse
Pelican dividend is 0.20sen and not 0.02sen.
2021-08-15 11:41 | Report Abuse
Pelikan is actually a company with a strong moat by way of their recognised brand name, but so far had been weighed down by huge debt, bad working capital, management and cash flow and low profitability. The Pelikan Group is supported directly via its 4 principal manufacturing facilities located in Colombia, Germany, Mexico and Poland. PELIKAN's main market is Germany which accounted for 61.6% of overall sales in 1Q21. This is followed by the Rest of Europe (20.5%), Americas (13.1%) and Rest of the World (4.8%). PELIKAN distributes its products through its 21 sales offices stretching over 3 continents.
An investee company Ikhlas Capital had invested in the company back in end 2019. Nazir & his PE fund Ikhlas had came in and seems to be planting seeds to try and turn around this company.
On 7.7.21, Pelikan Group GmbH (PGG), a 98.64% subsidiary of PELIKAN, entered into a conditional sale and purchase agreement (SPA) with HE4 Falkensee 1 S.à r.l. and HE4 Falkensee 2 S.à r.l. (collectively, the “Purchasers”), to dispose of its logistics centre located at Straße der Einheit 142-148, 14621 Falkensee, Germany (Property) for a cash consideration of EUR81.0m.
The Property comprises a piece of freehold land and all the buildings erected thereon located in the commercial area of Falkensee, Germany. The Property is currently occupied by PGG and its subsidiaries (PGG Group). Upon the completion of the disposal of the Property, PELIKAN is expected to realise an estimated one-off gain of RM184.83m. The disposal proceed will be mainly used for working capital requirements (RM162m earmarked), rewarding the shareholders through special cash distribution of 20.0 sen upon the completion of the proposed disposal., partial repayment of its bank borrowings (RM 200m earmarked), all to enhance overall profitability and lowering its financing cost (currently at RM8m p.a.)
Currently at RM0.43 the Market cap of PELIKAN right now is RM261.50m. The proceed from the sale is way above its current market cap. The sale of a valuable asset to unlock value looks to me like a good first attempt to do this.
Our EPS forecast for FY21 excluded the exceptional gain from the proposed disposal of its German logistics centre. DPS for CY21 is projected at 20.00 sen nett (assuming the proposed special DPS is declared before the end of CY21).
Post proposed disposal, net asset per share will improved from 0.76 to 1.06 and gearing from 0.86 to 0.31
How much should this share be worth now is up to anyone's guess, but from this deal, we can see that the company's current valuation is much much below their book value.
2021-08-13 05:57 | Report Abuse
One day sell to TSH the co....
2021-08-10 19:43 | Report Abuse
Share price is at RM1.30 and lack of trading volume. What we worry is also the local sales where i notice the Power root supplies is not in the supermarket for some of the shop maybe due to the lockdown, difficult in supplies form the manufacture. The NTA is at 0.62 sen and close of operation. the earnings of PwRoot tumbled by over 45% to RM28.10m on the back of a 19.9% decline in sales to RM309.22m. The lower sales and earnings performance in FY21 could be attributed to decline in both domestic sales mainly east malaysia due to logistic cost, lack of container and overseas sales. However, the decline was partly offset by the recognition of a reversal of impairment loss on trade receivables (RM1.39m) and PPE (RM0.18m).
Going forward, we view the FY21 EPS declined to 6.65 sen from 12.64 sen in FY20. We forecast a lower full-year EPS of 4.5 sen FY22.
2021-08-08 07:50 | Report Abuse
Genting plantation seen like the yield per ha somewhere only 17-19mt per ha seen to me the yield per ha is too low Vs others. It is no fertilizer application or labour problem. The yield per ha is too low and valuation still expensive
2021-08-07 13:03 | Report Abuse
with the bauto share price if can reach below rm1.20 than will buy. at the moment not interested. maybe one day privatised...
2021-08-07 13:01 | Report Abuse
anything can happen. maybe will reach rm1.40 again down the road. or the company offer higher price. that's all. with the uncertainty i think better sell and wait until 90 sen that is the best entry.
2021-08-07 06:00 | Report Abuse
All the Telco will down due to another Telco going to be list
2021-08-06 19:42 | Report Abuse
Rh group backup...
2021-08-06 15:12 | Report Abuse
economy so bad where got people buy car.
2021-08-06 14:58 | Report Abuse
PEAT FOR OIL PALM WHERE THE COST IS DOUBLE THAN THE MINERAL SOIL.
2021-08-06 14:57 | Report Abuse
i heard KUB GO BACK TO DEVELOP THE PLANTATION AND ALL PEAT AT MUKAH DIVISION.
2021-08-06 13:06 | Report Abuse
Debt too much
2021-08-06 06:09 | Report Abuse
For pelikan if the company able to grow the sales mainly for Asia than is good. Anyway cashflow from operating activities is positive. Hopefully with the light asset there can perform and also the earning is mainly from Europe area so rely less on domestically earning.
2021-08-05 16:31 | Report Abuse
with the private placement a lot of share waiting for sell
Stock: [KUB]: KUB MALAYSIA BHD
2021-10-08 16:45 | Report Abuse
Let it green ...