Wouldnt it better if they did the SBB after releasing QR....

I can't understand why would the company did a massive share buy back (almost 1/3 of that day volume) knowing that they were going to release a bad QR ......

Any news on mmsv? No volume today??

Haha… I thought he wanted to warn about the high receivable accumulated since last a year ago….

facing issues like material shortage, may be??

Why do you share an outdated article???

Banking on inventory gain? Please watch this webminar

https://youtu.be/eMdmVZcE1r8

Inventory loss?? My understanding is all steel companies are keeping minimum inventory at the moment. Don't think there is impact on inventory loss/gain.

Really depends on your risk tolerance. With 11x gearing, I think it is a low cost entry to leverage on the growth of Frontkn. 45% premium is manageable since there is 5 years to maturity.

it was just listed last Friday. Maturity date is May 3, 2026.

haha.. if you have bought 50K@0.4 in 2015, after share consolidation in 2016, you should have 5k@3.73 now.

Last QR was actually not bad. The loss was mainly due to one time impairment on IBS.

Talking about history about this stock. It was once a darling stock back in 2015/2016. During the peak time, the top shareholder reduced his holding quite significantly before the price crash. After that, there was a reverse split (10:1).

Now, all the top 3 shareholders are increasing their shareholding again. However, the main reason I am in is because I think they are in the right business; not entirely due the insider activities. I see it as potential turn-around stock.

I have not looked at the QR in detailed, but the business was impacted due to COVID19, right? and also some impairment loss....

Anyway, there are still a lot uncertainties in the market. Consider selling or reducing position if you are worried.

He is the biggest shareholder and a non executive director, not the key persons that run day to day operation.
All the top 3 shareholders (and they are in the BOD) are increasing their shareholding in the company in the last 6 months. They wont do that unless they have confidence in the business.

Don't worry about CKV resignation. His shareholding has increased from 10.19% (June 2019) to 15.59% as of yesterday.

I won't worry much about their unit trust investment, looking at the value change from Dec19 to Mar20, I believe they have invested in fixed income trusts, like bond or money market funds, which in my opinion are almost equivalent to cash. In fact, it is good that they still have so much cash&cash equv during touch time like this.

However, I think next quarter wont be good, as there is still travel restriction. They can't travel and setup, thus less revenue generation. Besides, there will be higher loss in their investment in "tourism", ie : Entopia..:-(

I have invested in Elsoft even before they moved to the main board. I am very confident that they will come back even stronger after the pandemic.

"anticipates a low double digit revenue in USD decline for the current financial year..... " you dont think this is a profit warning?

price rises like no tomorrow??? when?
Revenue drops but profit margin is still good. Going to add if stock on sale next week....

price drops in the afternoon session... any news from the AGM??

who is that ONE major customer?

i went for the show last week. I counted there was less than 50 audiences in that show; 2 in the VIP seats.

Result was actually not bad if you exclude the one off impairment loss on the sales of splash..

who are the top 3 customers of MMSV?

15000/28=535.7; you will get 535 shares

28 get 1! creates many odd lots:-(

Thanks David Lim for your hard work and sharing. Have learned so much about the refinery business from your recent articles on Petronm and HengYuan.

Is the net income margin a bit low, just slightly above 1%? The bank borrowing has increased from 7Mil (since your first article) to 252Mil, should that be a concern?

What is RPS?

RGB? Different sector wor....

Huh... what is the expectation?

KYY is a poor man... All he has is money and his value are all about money:-)

I don't expect you to reply. Anyway, good one.
By the way KC, I must tell you that the best investment I have done for myself in the last few years was to attend your online FA course. Thank you very much.

must have a long term view on this stock.....looks like they have managed to expand their sales in China....67% of the current quarter revenue was generated from China

At least, they are back to profitable....

From 2015 annual report, there was 646K "Other Investment" that was invested into Unit Trust. I suspect that was the fund from IPO that they put into Unit Trust before spending it. Just a guess....

anyone know who are the two major customers that contribute 84% group revenue? (pg 89 of the annual report)

what is RPS?

sad to read this from an elderly person like KYY.... Life is more than just $$$

wow... 5.5c dividend.... Lim, did you just guess or you have insiders news:-)

is it going to declare dividend this year?

i believe elsolf has attracted some institutional investors after listing in the main board... I start seeing some fund houses in the top 30 shareholding list.....definitely a good sign...

He is probably one of very few "value investors" that trying to time the market.........

If you have the holding power, keep it. Quarterly results will be out either today or next week. Anticipate a good results with better dividend....

My average cost is more than 3, and I will hold on to it. I may add more when market is more stabilized....

majority of their consumers are bumiputra.... do they really care about dong zong?????

following the issue of bonus share, would warrant owners get more units of warrants too?

share placement=immediate cash profit?????

besides paying down debts, private placement can be used to attract strategic partners for future business growths......

Thanks for the info, kcchongnz and NOBY

can someone tell me where and how to buy KLCI ETF?