Son, very few scripts floating around, easy to goreng. 1b plus mostly held by glc.

4 billions plus new shares. Thats f***ing lot of shares. And 1 bil plus warranys. Crazy.

So any upside is limited as board will try to recover their support money pumped in.
I m sure the 50m is from their short term borrowins which is very costly.

Board already pump in 50m yesterday morning.

I think company's great dividend policy colder than water. Even if this Q report is good, you think they are paying any dividend?

Fire even if covered by insurance will stil results in tremendous loss over the nx few quarters. May take a few years to be back to normal.
Condolences.

Sold off reach. 30% profit. Going into Armada. Clearer profit profile picture near term.

Don't paint rosy scenario only. Impairment at least 750m coming. Either one shot kao kao since they got rights money coming or worse still delay into a few tranches.

Queing at .715 the whole day but yet to get done.

Indeed it's frustrating to buy into a stock when the big boys selling are not done yet.
But it definitely looks like a good solid rock bottom. Will keep buying as long as the opportunity is there.

Buy, die die also must buy. Good and cheap world ranking company. AK may want to take private at this price.
People always complain mah. Bad complain to improve. Good also can complain to be better.

Yinson does not need to ask for cash from their shareholders. They are issuing usd500m perpetual bonds with 7.85% coupoun rate.
Armada wants money at zero rate.
Which method is better for shareholders?

Not likely smarty. Rights issue on the cards. Dampener for any upswing. Maybe that's why big boys have been unloading.

Flying

I q at 70 before 9am

Not easy to buy. Q at 71 since this morning at 9am

Could it be the C expiring. I believe one is due end of oct. Exercise price is 90 Sen. If armada runs up too fast higher than the exercise price, the issuing bank will have to pay the c holders. So they artificially suppress it below the exercise price to allow the C to expired without needing to pay anything.
Another 2 more due end of Jan 2018 which have a even lower conversion price.

Why sudden sell down? Is it because of the amended Q report? Old news mah, not new Q report.

You cant possibly make money fr this or. Obviously the institution are selling their or.
They will hv to take up the rights anyway as promised. So the or paper is as good as toilet paper to them. Might as well sell it at any price.
You might make money by taking up the rights but its a very long shot. Just imagine the number of scripts after the rights.
Since the mother is only 1 to 2 sen away , might as well bet on the mother. At least during the period between ex or and before the new shares hit the market, they may goreng up the mother to encourage people to take up the rights. Or better still go in immediately after ex so that the price would be adjusted lower. Easier to goreng when scripts are less.
Once the rights shares are traded , everyone wd be queing to sell.

Thanks Jeffrey.

Jeffrey, hv you exited?

Wow. Pringles also selling at rm3.50 Looks like lonbisc potato chips is giving them some competition.

Some selling pressure fr those exiting n not interested in the rights issue. Expect this trend to continue below 70c.

Profit is going to b depressed going forward as kheesan Account cannot be consolidated. The large investment in kheesan is useless now unless kheesn can declare dividends which is unlikely considering its own horrible results.
Selling down kheesan also not possible as they purchased it at about rm1.40. That would mean heavy realised losses.
The only way forward is to improve on both kheesan n lonbisc operations. First to par down its debts. Nx to lower its cost of operations. Look for new markets and improve it's market share.
Thats why they need more $$$.

Revenue drop is caused by kheesan. Kheesan is not an associate company anymore under bursa new rules. Implemented since last Q.
Revenue actually is up.

So nx week start to sell. No incentive to take it up. 0.75sen eps. Not even worth 40sen. Pick up again when rights r over.

Looks like they r not cooking anything for the coming rights issue.

I was surprise no analysts foresee this possible outcome.

Let's look at the flow of events. Shell sold off this old n run down mill at a paltry sum of rm1.92. Reason , they r not willing to fork out to upgrade it, in the long run will run into 2 bil. Now of course asb is not willing to part with their shareholding at this price which would hv meant a large real loss. Considering the huge debt burden n the humongous upgrading cost, no significant dividends would be forthcoming. It has alway been pnb policy to put their money in company that gives reasonable dividends. So at the current price, it would be very sound for asb to exit. They may eventually sell it all the way to rm5.
Thanks

This joker must b holding a lot of hrc ! Desperado clown. Looking at 1H but turn a blind eye to 2Q.

I think none of the minority shareholders pump in any funds.
They needed to start the potato chip lines fast so issue some 100m term notes. Initially i was a bit perplexed as they were trying to par down their debts. Suddently increase their debts again by issuing rhe term notes. Its looks reasonable now as the potato lines is turning in nice profits.
Bottom line is if u feel there no future, you shd sell out now. But if there's something in future its a cheap share to own. Afterall if its a nicely run company, you have to fork out 4-5 rm then

All of the private placements these few years are fully taken up by friendly parties of the directors. They were issued at rm1 per share when the share price was only 60+ sen.
Means the owners were pumping in money into the company these few years. I wonder why?
This year with the abolishing of par value private placements with b at a lower price below rm1.

Generally every Q has been quite consistently giving eps of 2+ sen. Last Q was dissppointing at below 1 sen. Most like accouting treatment due to the divorce of kheesan resulting in lower revenue but high operating cost as i believe substantial Management operations were done at lonbisc level.
If the accounting were able to bill some of these costs back to kheesan , we shd b able to see a higher eps this Q or uf not nx Q. Kheesan shd see a drop in eps while lonbisc a corresponding increase in eps.
Probably such a scenario is already evident from the recent movement if kheesann lonbisc share price.

Quarterly Report expected next week. Maybe the reason for the higher price. Has always been acting as such. After report out, back to 74.5 sen

If you go to any supermarket, you will see London chocol rolls lying beside apollo cakes. Apollo 1 box rm5.80 , London choco rolls rm5.50. Similarly longish potato chips r also the cheapest. Try some, they taste almost the same as pringles but selling at half the price. I think lonbisc is beginning on a new chapter in marketing, aggressive pricing. I foresee its profit she increase along with its revenue. It's potato chip line should contribute significant increase in profit considering the wide price gap between lonbisc brand n pringles.

Q report out nx week.

Let look at lotte objectively.
When it was falling, its because suddenly they released a set of results that shocked everyone dropping way below expectation and since it was so near the ipo , it appears like the bod was unfairly hiding facts from their investors. It also raises the possibility of more worms in the can to come. So large investors sold down even at huge loses.
The loss of confidence was only changed when two foreign investment banks gave a rosy picture giving it a target price of above rm7. Maybank followed immediately. Nobodoy wd hv bother with Maybank opinions as they are still holding a large chunk at 6.50
Now 6.00 to 6.50 is going to b a huge resistance as maybank wd try to exit with minimal loses.
So those intending to take profit shd take note of 6.00

I m stii having some bot at 1.20. It was cheap those days rather years. Lonbisc were trading at above 2.0 before. Maybe si long ago that nobody rmbr.

Did you read correctly. Eps is down compared to last Q. Brace for heavy selling tmrw.
However, its quarterly net profit was mainly derived from income tax gain of RM2.27 million in 3QFY17. The company's operating income shrank substantially to RM765,000 in the quarter under review from RM4.23 million a year ago.

An old run down refinery plant that was written off at rm1.95.

This share must dumb dumb hold until 7.50!!!

I dont know why so many experts did not want to tell whats really going. People chase and buy high because there is a better chance of moving higher.
Now the chance of moving lower is so much higher. Why buy now.
The chance of going to 7.00 is so much higher tha n going to 8.00
Face it. Practically all are trend players.

If we sum the selling and compare with the buying sum, the selling sum is so much larger. Yet the last done price will rebound to a higher price. Someone is definitely playing very well, very well controlled.

The question is why buy at a high price when it's so obvious you could easily buy at a much lower price.

Each time when the buyers get significantly large , the selldown happens and immediately buy the seller to keep the last done price high.

I can't help it but noticed that there are attempt to sell down slowly while keeping the price high.

Way back when a some of us bot at 40 sen the projected target was 1.30. A lot of the forward earnings are already priced in at least where 2017 is concerned. Unless the Johor plant brings in profit much higher than expectation, price wd hover around here.
People buying in now shd b willing to keep for a few years for the new business profit to kick in significantly.
We have been with notion for years , suffering before the price moved up last year.

Previously private placement were fine. All taken by bod at rm1 when market was only 60 plus sen. Meaning the bod were pumping in money into the company. This benefitted the other minority SH.
This round its below rm1. Even then its still ok because the other SH still get to maintain their shareholdings % at a lower cost compared to the buyers of private placement, rights with w n bonus.
Basically if minorities SH shd tske up the rights if they want to stay with the com, otherwise sell out tmrw or else you will end up losing as the share price will adjust downwards after the rights.

Horrible performance. Eps 0.65 sen. Expect downward pressure tmrw.

This quarter report coming out next week 31 may.
If kheesan accounts are not consolidated we expect lonbisc revenue to drop. But profit shd remain as kheesan had declared 1 sen div last Q.