sang-jero.... I think u may b go sideline for awhile.... think ur team is no match to jwc United.... easily there r 10 of them gang here man....

I say... u jz go look at ur old rickety rotten apple wit its big losses n small little chocolate biz la...... u don't know anything....

Hello d revenue of ANCOMLB is 61.6 mil ok!!!

n for your information.... ANCOMLB is reducing its capital base ok.... tat means it has excess capital ok... n tat means it can in fact generate 61.6 mil revenue at a much lower capital base ok n its PE wil b lowered in future...

so u cannot use historical PE.... understand

u r d one who hv not a clue!

Posted by kcchongnz > Aug 21, 2013 06:08 AM |Report Abuse

Posted by Steve Jub > Aug 20, 2013 08:15 PM | Report Abuse kcchong, for malton, i saw the net asset per share pretty high (1.37) and PE ratio pretty low (5.84). what do you think of these 2 area?

steve, you are talking about the financial results ended 30/6/2012 which is more than a year ago. Malton's 2013 results will be announced soon. So the PE ratio you are referring to is history. But even for the 2012 results, you notice that revenue and profit has declined. Malton reported that they made 64.4m, or 15.4 sen per share in 2012. But show me the cash. Why is that that year they have to pay out a net cash of 52.6m? What is this 118.2m as "short-term fund" appearing in the "Cash Flow From Operating Activities" statement? Strange. Now let us come back to its 2013 ending 30/6/2013 which will be announced soon. I won't think it will be pretty. The three quarters results showed that it only make 19.2m or just 4.6 sen per share. What do you think the EPS will be for this last quarter? How much higher can it be when compared to its third quarter of just 0.36 sen? So what is its latest PE ratio then? Don't forget that it has loan stock and warrant holders who are also will be sharing any profit made in the future. Earnings is one thing which I never trust it standing alone. Look at its cash flow. Just three quarters, its CFFO is a negative of 192m! this is a result of increase in inventories and receivables of 83m and 215m respectively. As I have mentioned, the total inventories and receivables amount to 437m as at 32/3/2013. They are already more than its NTA of RM1.43 in its balance sheet. These assets are what I consider as "bad" assets" My feeling is that Malton will soon try to borrow more money from the bank. I don't know the bank will lent them any more and if not, a right issue or private placement is on the card.

Damn scary.

kcchongnz... I say hv u seen d capital size of ANCOMLB n ur pmcorp or not??

pmcorps with 333mil share capital so big jz hv 85mil revenue... A small start up ACE ANCOMLB hv 61mil...

FYI ANCOMLBs par value is 10sen pmcorps 50 sen ok..

n more....


KClow >calvin what are u doing in a malaysia forum.. go back to singapore ler... u dont sound in place here.. u are just tooooooo FAKE....
16/10/2013 10:05

More people who know....


newbiestockreturns> i agree with jcool also. i think PMCORP is just PMCRAP for little people.
16/10/2013 10:14

newbiestockreturns> i wont even buy PMCORP or PMCRAP for my DOG.

Hear from people who know ok/.......

15/10/2013 15:36 Fortunebull > Comparing PMCorp and Ancomlb is like comparing rotten apple with fresh apple! But lets hope for miracle!


15/10/2013 20:16 Fortunebull > I don't touch counters of KKP knowing fully well the history of many committed suicides or gone bankrupt back in asian financial crisis 1998! At least this counter already made announcement of 80% cash payment to minority shareholders!
15/10/2013 20:44

I say hv u seen d capital size of ANCOMLB n ur pmcorp or not??

pmcorps capital so big jz hv 81mil revenue... A small start up ACE co hv 61mil...

FYI ANCOMLBs par value is 10sen pmcorps RM 1 ok...

Friends jz told me for a co wit d capital size of pmcorp but only hv a loan of 14mil is not a good sign... It jz means d banks jz refuse to lend to pmcorp.. Simply bcos of its bad records or lousy assets or most probably both....

Well who can blame d banks. ... Jz c how d pmcorp hv to suffer impairment of related cos of 5 mil 6 mil every year... Of cos banks wont loan... Banks r always right

I say so well read also got cought in pmcorp for ages... spend d money buy chocolate better la..

N hello depreciating plant n machinery over 15 20 years?!? tis is precisely one of d ticks used to jack up profit....

Ask d bangla workers to use their hands cheaper la... no need to upgrade to new technology

Jonhchong... u bloody selfish fellow... stock mkt is a zero sum game ok... whn u win somebody losses ok.... talk abt dignity... when u jz think of yourself...

New machinery can produce but can sell or not?

HaHaHa... a company tat hv total depleted its share capital of 300 mil n surviving on its share premium (I m not sure how tis premium came abt possibly from issue of shares at inflated prices to d like of clv previously ) is good compared to a fresh co like ANCOMLB???


Hello r u pkanning for a shut down of pmcorp... why jz compare assets value???

ANCOMLB has many well running subsidiaries....in fact part of d announced capital repayment is from profit from d sale of subsidiary......

over here u r jz going on n on abt d small little chocolate co... ya d future is bright indeed..

Yes.. Why.. too good to b true... But it is correct

Anyway say d 31 mil new plant is true.... then wit an extra depreciation charge of abt 6mil annually... do u think NFI can stil make profit wit its small little market share?? which wil b even smaller wit Hershey around

Really according to 2012 account d mkt value of pmcorps quoted investment was jz 15mil.....

N d other cash is all tied up tat d management didn't even dare to declare dividends as ur hv complained.....

Got free cash?? For both new plant n capital repayment?

Pmcorp capital base is very big.... to b meaningful d capital repayment must b big enough... got tat kind of cash?

hv to make up u mind la..... 31 mil for new plant... or for capital repayment???

if for new plant then NO capital repayment la.....

want ur chocolate n eat it too... mana bolih??

anbz.... flag2 ini... kerja jwc united....

Admitted by calvin..... NFI plant n machinery r in fact very very very very old..... n rickety... so u can kiss d Nestle wannabe wet dream good bye... 

Hershey has to spent rm 800mil to set up its plant in Malaysia... but here NFI wit plant n machinery whc r in fact very very very very old..... n rickety... yet clv is wet dreaming abt it becoming like Nestle....

Reality is wit Hershey in Malaysia now... clv may well hv to close shop soon.. tat explains d urgency to promote tis counter... weeks before Hershey made its announcement...

Stock: [PMCORP]: PAN MALAYSIA CORPORATION BHD

houseofordos Oct 14, 2013 05:32 PM | Report Abuse

Based on statement of cashflow, I see impairment loss booked in company section of cashflow only but none at the group level

OBVIOULY U DONT KNOW NUT ABT GROUP ACCOUNT....

read d note on consolidation of accounts la... c wat is done to inter company balances whn preparing the group account

Posted by kcchongnz

How come you are so sure that there are loss making subsidiaries but you can't even see in the audited accounts? Like that also can one ah?

How come you are so sure that "LATER THEY WILL POP UP AS IMPAIRMENT LOSS ON LOANS"?

Wah you have six sense ah?
14/10/2013 17:28

2011 2012 ALSO HV IMPAIRMENT OF LOANS LA...

n hw come u r so sure there is none when yr after yr there hv been this type of impairment loss...

Stock: [PMCORP]: PAN MALAYSIA CORPORATION BHD

Posted by kcchongnz > Oct 14, 2013 04:51 PM | Report Abuse

So can you show me which part of the income statement, or which part of the Notes shows there is this "losses of other loss making subsidiaries"? Which company owes PMcorp this "cross loans"? Which part of PMCorp's financial statement shows there will be further "impairment loss"?

Are you looking at the right financial statement? Are you looking at the group consolidated statement which you should be concerned of as the stock holder, or are you looking at the "company financial statement"?


AIYA.... I JZ TOLD U IN GROUP ACCOUNT U CANNOT SEE D LOSS MAKING SUBSIDIARIES LO...

BUT LATER THEY WILL POP UP AS IMPAIRMENT LOSS ON LOANS....

D POINT IS THERE A LOSS MAKING SUBSIDIARIES WHC R THERE BUT U CANNOT SEE YET..

why shd there b Inventories write-down.... when turdo is selling like hot cake as claimed?

anbz..... lebih baik u tutup mulut aje... lebih u cakap lebih I think u shd hv some chocolate... cos per ur idol.... chocolate is good to improve intelligence

Kcchongnz.... I say... it is not d impairment losses whc r masked ok.... impairment losses r d results....

NFI's profits hv masked d losses of other loss making subsidiaries.... +5-2-1 = +2 u r seeing tis +2 only...

d point is there r loss making subsidiaries in d group..... which r being kept alive by d cross loans.... slowly but surely as these subsidiaries r loss making they cannot pay d cross loans....
d result wil b tis yr impairment loss on inter co loans rm 5mil.. nxt yr rm 6mil.... until pmcorp bleed to death...

N u anbz... u... ahhhhhh... forget it... u r nothing la... forget it.. u jz go n hv some chocolate la..

N also whether a factory visit wil hv d more honest NFI's GM telling u tis. . "aiya all d plant n machinery all fully depreciated... no more cost thr...so we jz continue lo... cut cost here n there jz make do... n also jz employ a few bangla workers to work it la... one day at a time.. thn c how la... n oh ya also tht is tis old guy who is helping wit d marketing for free.. so thr is no cost thr too... so jz one day at a time lo... "

But soon very soon ths very very very old plant machinery wil start to break down.... n NFI wil hv long down times... n tis wil in turn makes its only but insignificant chocolate biz, insignificant as u hv noted, even more insignificant... n eventually... very quickly.... pmcorp wil becomes a PN17 co due to insignificant level of business operation....

Kcchongnz.. while u r looking at d few valid points by me.. may b u also c if NFI is making a small profit bcos its very very very old plant n machinery r fully depreciated... tat is no more depreciation charge... if buy new ones there is depreciation... n u can also kiss d small profit good bye...

first admission... plant n machinery r in fact very very very old..... n rickety... so u can kiss d Nestle wannabe wet dream good bye...

More revelations to come...

HaHa u can c a half past six one done by mr c... dont count on it though.. as he is more used to old timers which r static.... not fast moving ace cos..

Tigershark u r not alone

Calvin keeps reminiscent abt d pass n jz know companies of past years which r fading ..... not familiar with potential of ACE companies...

high enough to make him....despair.. fed up.. desperate.. hv to come out of retirement n hv nothing to lose.... n keeps quoting GOD in vain

Jz check out wat he has sneekily posted in ANCOMLB.... OMG

Tigershark u r right.... stuck for at least 6 years as he had indicated.... despair.. fed up.. desperate.. hv to come out of retirement n hv nothing to lose...

obviouly u dont know where i n him crossed path.... jz bullshitting again

If u can answer my comments above... truthfully tat is... why not?

Per d soon to b ex.... kkp is very possessive... if pmcorp is something of value.. u think he would leave it like tis?

Kkp has moved to uk... u think he give a damn abt pmcorp.... something tat reminds him of his failures every time he looks at it?

i m afraid u hv been forgotten... left to reminiscent abt d pass... n hoping for a miracle in d future...

N d audited account also showed tat year in year out there were inventories been written off.... wassup? stall turdo chocolate which can't even be sold in factory sales?

N d audited account also showed pmcorps plant n machinery r very very very very old.... so if u hv a capital repayment where to have fund to buy new plant n machinery... no new plant n machinery how to expand.... want to b nestle wit jz RM 5 in d bank.. fat hope..

Pmcorp fund is all tied up in cross loans to its related companies.... n pmcorp 2011 2012 audited accounts hv shown tat it has been having impairment losses on these loans... tat mean these subsidiaries cannot pay back their loans to pmcorp....

N these subsidiaries cannot pay must b bcos they have been making losses.... u cant see these losses in d group account bcos they hv been masked by d small NFI profit....

So when more subsidiaries cannot pay back pmcorp bcos of losses.. u wld b staring at a pn17 pmcorp... bcos it is jz so near to being one now

If d contention point is tat pmcorps assets values r higher n not reflected in its account... i wil say u r better off buying some property counters which hv been around... they wil land banks purchased long ago d real values whc hv not been reflected in their accounts... pmcorps is jz chicken feed..

HaHa i hv pointed out kcchongz's shortcomings b4... think we can give it a pass..

Well.... calvin... a bit nostalgic... but as u hv quoted a real life case... i suppose fantastic things do happen... all d best to u..

N for those who see PMCORP beutiful... a similar thing as described by calvin is happening in ANCOMLB... d special dividend is in fact announced BUT d price has not gone up yet .. great potential... check it out...

http://klse.i3investor.com/servlets/stk/announce/0048.jsp

guys guys girls girls.....luv luv.... i tell u all.. capital repayment is really NOT wat it is cracked out to be....

going by d comments here has made me tot a capital repayment wil push up d price of a counter sky high...

BUT i hv found out tat is NOT d case as u can c from ANCOMLB ... which hv actually announced a 80% capital repayment of 8 sen for every one of its 10 sen share.. but its price has hardly gone up...

http://klse.i3investor.com/servlets/anpth/943266.jsp

moreover in ANCOMLB case it is making a capital repayment from a position of strength n post capital repayment its na is stil higher thn its par value n it has running profitable businesses...

not so for PMCORP where there is huge losses to clear... n which d term capital REDUCTION is more appropriate... n since whn has capital cancellation due to losses... where 1000 shares r reduced to say 200 is celebrated n keenly awaited?!?

Repayment of 8 sen for every share of 10 sen each... confirmed...

see below from its announcement....

Pursuant thereto, on behalf of the Board, MIDF Investment wishes to announce that, upon completion of the Propose Disposal, ALB shall, subject to obtaining all requisite approvals, undertake a distribution of approximately RM37.9 million to the entitled shareholders of ALB ("Entitled Shareholders") or equivalent to

RM0.08 per ordinary share of RM0.10 each


in ALB ("ALB Share") to the Entitled Shareholders ("Proposed Distribution") by way of:

U hv missed out tis... too many malls in klang valley.. which wil hit malton to its core...

http://www.thestar.com.my/Business/Business-News/2013/10/05/Too-much-retail-space-Klang-Valley-has-59-million-sq-ft-but-some-small-towns-have-only-a-single-mal.aspx

linger linger around 9 sen 10 sen for way too long.... gave up on a technical rebounce here.... gone over to ancomlb... which up 21% today.. n wil b up more tomoro

wit UOB as market maker... at least it has volume now.........