Just an update, notion recently crossed above rm1

There was also a rm3++mil machinery write off.

Ebitda for 2017 is likely going to be substantially higher than 2016. Owing to
1) higher usd at 4.47 in 2017(so far) to 4.1 in 2016. Top line should grow an additional 8%, majority of expenses r in ringgit.easily an additional rm12-15mil ebitda in 2017
2) 30% increase in automotive another tail wind for revenue, maybe another rm5mil ebitda.
3) significantly lower finance costs due to repayment of facilities.
4) additional tailwind if they r able to partly resolve their inventory issues.

This is an optimistic view. At current market cap of rm190mil+, price to ebitda is not even 3x. This is not taking into account that management is trying to break into other sectors to grow the scope of their cnc machining.

Once it rise, suddenly everything changes... Lol.. But notion fits the export theme, the business seems to have turned around as well. Let's hope management doesn't screw it up again.

It's the forex gains that's the game changer.

Price start to rise everyone say it will keep rising... Personally I think it should be very good. Provided management hedges all revenue at usd myr at rm4.4

Inventory write off for 3 years straight. I'm wondering if they will ever fix their operational issues.

Usd myr 4.4. Should be making money hand over fist. But notion has always had a history of nasty surprises

Ringgit sharp depreciation. Will notion benefit?

waiting for 1 year already.

The hedges r all expiring wei. What do u mean stupidI money. Hedges expire at exactly the wrong time

expired right at the wrong time, management should be re hedging now

the hedges have already expired, not much remaining, also the latest quarter was 4.20 and not 4.40.

A little too much excuses. I'll be coming to the annual general meeting

Yes, the same

I am looking more towards their ongoing biz, as well as the ridiculous management compensation scheme they have going on.

Bloody frustrating

Huat ahh... Notion let me Huat please

no further progress on increased sales or product lines for their automotive. They used to focus on antidisc for HDD, they can actually diversify to other parts of the HDD

The management has been nothing short of a major disappointment. I wonder why the quality havent been resolved after 2 years?

Should be about 7mil

i dont understand, everyone is making so much money. How is it that the directors are selling?

how do u know their accumulating notion?

The slr market, so the machines bought were idle. But these machines were used for other products as the year passed by.

No the fees r not reasonable now, but they were set when the company was making 50m per year. Even then it was high. 2014 was largely due to over expansion from expected orders from slr, but as the market crashed...

Ehh.. Well at least it's a frank comment :/

Next quarter hopefully no more reason for them to underperform

Really..... This stock is a turtle

There's another export stock called notion Vtec. The stock hasn't moved because they hedged usd. Last quarter majority of the hedges expired.

I was reading an article on comcorp talking about how their pe become 3.7 because of forex, 1 week time it went up almost 200%, same story as notion....

Ugh 45mil hedging loss. Really bang balls. I hope there r no more negative surprises after this.

21 million due to forex hedging and machinery impairment.

Without these 2 items, profit around 10mil

still got RM100million worth of hedges.

Also, according to TCF, the camera and HDD not doing well, automotive is robust.

Hope it starts going up in a meaningful way soon.

forex la forex. operations just maintain, the profit margin will quintuple.

Another issue might be, key supplier cancels supply contract due to persistent rejection rates....

YTD inventory write off RM7million+. I wonder if this will continue to persist, and what management is doing to rectify it...

@KCGOH1234 the price drop u go in and buy? Please read the latest research report on Pestech.