gloveking, don't tell me u sell off and go buy supermax

tmmc, what price u buying? still holding?

Already told u guys to sell.... somemore want buy at support. This kind of graph where got support resistance...
If u listen to me to sell...still can sell at 0.40

how come careplus become so quiet? Many ppl sell off already?

Haha...go ahead and collect...then u learn from this and tell your next generation on how to invest

No more clearer sign la...the sign is already so clear that big fish already throw. You wont see XOX at this level again

Game is already over. Sell and go focus on other stock before u get burnt again, unless u r extremely lucky to catch gap

Actually the game is over a few weeks ago, these few trading week is just to go up abit, trap some people, then they will beat down again. If you can time it, then good. But the actual game is already over when it start to drop >15% that day.

0.53 ... will it go all the way to 0.45? Maybe

tq gloveking...yes, we still aim 0.80 for careplus

Chris,

There are warrant that is issued by bank and warrant issued by the company
In all warrants, you need to take note on its maturity date (especially call warrant), conversion ratio and conversion price. These are 3 main things, but of course there are other things like premium, sensitivity, gearing, etc

Thanks...let me take a look. by the way, I just sold my warrant at 0.22, earn a few hundred for today's beer and coffee
What you mean by speculate? U use margin account cos u expect the financial report to be good?
All in All, the new factory is the catalyst for careplus...just need to ensure the cost of sales is kept in check, otherwise, net profit quite low

I think we will see KLSE retest 1680-1710

good rebound...sorry for those who sold at 0.535 and 0.21
gloveking ready for another ride?

why u say the warrant is risk free? upon maturity, the warrant is burnt or it will be converted to mother by paying more?

I no more bullet to collect mother share...so I just buy its warrant

warrant drop 16%, mother 7%. Tomorrow I think will be more bloodbath

Haha...nice on Mr. Gloveking
I would really want to take a tour to senawang and to attend their AGM. Do let me know if I missed the AGM date.

ESceramic, HHgroup, Harta, Kossan, Careplus, Supermax, Top Glove, Rubberex all sell down today. Highly suspected manage by same group of big fish.

Careplus close at lowest 0.535. 7% gone in one day. Really smart game.

By the way, I bought some warrant at 0.21 :) Just put in RM4k for fun, see how it goes.

Gloveking, u sold your warrant at what price?

haha...gloveking, what if you are wrong? What if the big fish really smell something sinister and really throw cos these stocks are not sustainable anymore? then what is your cut loss price/strategy?

Haha...zen power not enough...
Now 0.535, down 7%, tomorrow might hit RM0.50, total 20% gone from 0.60.

Anyway, I am more to no.1 . I run out of bullet already. I hentam in at 0.535, then all in at 0.575 a few weeks ago. Now its 0.535 again and will go down more tomorrow I guess.

I strongly believe its a coordinated selling. Big fish really throw in a variety of companies. so I think these fund managers are friends, and in their portfolio, they have these stocks.

I had seen in the past they sold Hua Yang and globtronics at the same time. Both down by almost 20% within days. But look at them right now.

so, very important is why u invest in careplus in the first place. Then sell or buy according to the original plan

I think gloveking sold a large volume, cuasing it to plunge to 0.54 :(

Yup..that's why I say normally we are comparing QoQ, meaning Q3 2015 with Q3 2014 with Q3 2013... instead of each quarter.

Dropping I think its regional...the whole glove companies and export companies are in correction after hitting highs... Look at HH group...

Who had sold careplus?

0.54 almost gone...drop 6% already. Me also kena.

All simultaneous selling. I think big fish is throwing. Now we have to figure out whether it is for real or they plan to accumulate at lower price

export company kena kaw kaw
hhgroup, kossan, harta, etc

Careplus selling off 0.545

Ya, the son kena >12%. Mother only the most 4%. Son speculative play. A lot of speculator inside..

Oh yeah, welcome Mr. Sam Wong ...haha...

So, who sold this morning? Mother at 0.55, son at 0.22.

0.55 !! Herd is running

Its facts what gloveking said . The figures is in the report
its only at what price u buy. I'm average 0.56

i bought at 0.535 and 0.575.

I will say I am neutral on this quarter result. It does not meet expectation, but looking at the record revenue and comparing 2015 to 2014, yes, this company is progressing significantly. This quarter net profit and cash flow is squeezed as expected.
So, I will only decide tomorrow morning and guys, don't fall into panic selling or buying too soon...usually the 9 to 10am is tricky time to trade.
I still love the growth story of this company....so most likely I will keep

Thanks gloveking..one more question, what you think is the intrinsic value at the moment? what is consider too high?

What price is consider high? 0.575? 0.55? 0.50?

no worries, wont drop until that bad la...

Revenue at 50 mil, the highest in history. Net profit drop cos of higher cost of sales. Of course if u look into all the expansion , buying of equipment and hiring of workers,

If u compare the net profit for 9 months in 2014 and 2015, it increased by 118% . double up in one year !

If u compare the previous quarter, then it will look bad, most financial will compare QoQ, Q3 of 2015 compare with Q3 of 2014. Because each quarter in a year is not the same. Q4 usually will be better compare to Q2 for example.

ya, its a not so nice result. so I guess early morning will be sell down...so, sit tight and plan your strategy. take care guys

Yes, results out...

Sell speculation part?

The foreign exchange cause it to lose RM1.5 mil

From the announcement in this link, the net profit is RM323k and EPS is 0.09
However, from the financial report, the net profit is RM1.7 mil. Which is correct? Cash flow is RM9.5 mil, so its good but cash and cash equivalent goes into negative. Overall I think its not positive


http://www.malaysiastock.biz/Latest-Announcement.aspx

result out... poor net profit results... although record revenue.
Let me read thru the financial report, I think there will be a selldown tomorrow,

Gloveking, what is your decision?

Thanks for explaining the margin account.
Yes, it is easily manipulated if necessary, to flush out traders or T+4 days. but other than that, I don't see any reasons for them to suppress the stock price.
I really like careplus growth but I am wary on its cash flow. last quarter operating cash flow is about RM2 mil and its cash and cash equivalent is about RM3.5 mil
Its gearing I think >1.0

That's the only negative points I see

Okok...deleted....I just guess your name base on the annual report. Hmmm...
Where is sam wong now? hahah

Oh man, you are real smart. Yes, I do not have share margin account. I just want to invest on what I have on hand.

But I still don't understand why liquidity is not a problem. Even with share margin, you borrow $$ to purchase more shares...but if the liquid is not there, not easy to trade. Am I wrong?

The plant is real big !

So, what you think of careplus growth? to be honest, I have several newbies with me but I am not giving them the buy call yet although I had already invested substantial amount (for me la)

by the way gloveking, what is your guess on their EPS for this quarter Q3 2015? Lets see how accurate you are :)

gloveking, you are one of the top 30 guys??? sure bo
Usually I am very skeptical on people in forum but from your first few comments, I know you are different, but if you are the top 30 shareholder, then you are really special. In fact, what makes you drop by here and give comments?

Yes, supermax is the cheapest among the top 4. Harta (PE 40++) is the most expensive. Threfore, what you say about concentration is true. But high concentration lack of liquidity, unless the shareholders will want to increase the stock price, otherwise, no liquidity.

Flying to RM1 ? Haha... its a dream...but a dream could come true
I am eyeing 0.60 break out within this week and touching 0.70 by next month.
Break 0.80 by Jan

thanks again..
I read careplus annual and it mention descapack as one of its Joint venture, but didn't state it as a customer.

yes, kindly email me the photos of the new plant. And maybe one day I would travel to senawang to see the plant when I go for holiday in KL and malacca

What you mean by to kick in former double line?
Yes, I know the factory is senawang but I don't know how it is. I do plan to visit u. When you attended the AGM?

Please email me photos of the new plant or the existing plant
kakashi123_hatake@hotmail.com

Yes, I also know they change the financial year but I don't know why they do that. Wow, thanks for the info ! But there is no mention from management for careplus to be listed in main board.


I am always wondering who is their customer. I believe it is in central/south America where the revenue comes in.
CGG (careglove global) is one of careplus subsidiaries? I try google descapack but not able to find them related to careplus

When is their AGM?

Nice info gloveking. I had checked with my friend in audit firm and my remisier about the purpose of warrant exercise but they cant give me a good answer. So perhaps, what you talking about enlarged shares is my first time hearing about it....interesting.

yes, they had the plant no2 coming right up end of this year. In fact, they target Q3 2015. But their production is not optimize...new workers, not really efficient yet. and they fully dependant on one customer !!! more than 76% of their revenue comes only from this one customer

20% of shares must go to bumi? interesting. didn't know this regulation.
HHgroup, esceram all aim for main board. And I don't think why careplus shouldn't.

I believe right now is accumulation phase at 0.57 to 0.61

Sam wong will definitely missed the boat. He had sold and right now saying bad things about careplus...haha. Sam Wong, comeon, buy back higher, its ok

Gloveking, do share with us more info ya. its a good sharing

Sorry guys, out of index warrant for quite some time. I think I am not going into any warrants anymore...haha..earn a lot, mati also a lot.
By right KLSE at 1600++ is consider expensive. Shouldn't be that high. But sentiment is quite positive for stocks globally. And we are not sure how valuecap is going to invest into the market.

But I think after new year 2016, then we will see the real downtrend, maybe. I don't think this evaluation is correct at the moment. analyst had been saying this as well since mid of this year but somehow, everyone seems bullish.
Anyway, I am in glove company..haha...

Gloveking, 6000 lot of warrants.... in fact, there is a corporate exercise to convert warrants to mother share, and also shareholder is converting their warrants too, not sure why
Islamic fund? so far their board of directors are the major shareholders

their Q3 and Q4 2014 is negative, losses...so this Q report should be nicely exaggerated, haha..

0.70 first, then only talk about 0.80

I don't see that as downtrend yet. Still above 12, 25 and 50 days moving average. In fact, sitting nicely above the 3 lines. Also SMA12 is above SMA25 which is above SMA50. All indicate uptrend technically.
Its just trying to break 0.60 resistance.
But if it starts to be below SMA25, then we might possibly see a continued downtrend. RSI is at around 70. not really overbought yet.
More importantly, the financial report is important. If can manage EPS of >1.0 cent for Q3 2015, that would be nice.

no prob tony, in fact I am waiting for its financial report to be out...then I will share with you what I had evaluated.