August extraction same that poor... outlook.... outlook....

Report out lo... still not mention their operation affected.... and the income tax expense.... such a reversal... funny again.... how they assess they can recognise such deferred tax asset previously...

Chicken i m sure u very smelly too...

No money buy la.... every day push up to 5sen... chicken of course u can buy now...

Everyone throwing now...

Walao, now u scare ah kakashi? Hold till now baru scare.... if suspension so scary then tonight no report tml bye bye lo...

No need to care so much on whether they can release qr or not la... thats not the biggest issue.... suspend few days 1 week or 2 weeks ok bah... no transaction anyway....

Lu punya daiji la... go chowkit lowyat stand to earn back 6 digits lo...

They dont have to pay.... coz fmu5 will be taken back by gov lo... perhaps this is the outcome...

Some of u really funny leh... management should evaluate the impact of suspension or drop early adoption.... u drop it u have 3 more mths to do without suspension as of now.... still got ppl believe is due to mfrs141...

Gsr is dormant currently isnt it? Do u think it can get listed at this time? When there is investigation going on... come on la stockhunter... call and ask ms lim the progress lo... if everything on planned schedule, no need ri d la...

Come... stockhunter and nicholasming side bet....

Super hero u lose a lot meh? Y suddenly so many to talk? U investor diam diam sajalah... let the speculator bising....

Highly likely... jul-sept also damn bad if survived...

No.. i only knew their operation affected due to the crackdown... it also consistent with no extraction volume report... the rest i analyse based on info on annual report, quarterly report and announcement made..

Azta trust jibby didnt take 1mdb money for sure...

Wow stockhunter.... what a surprise....
Azta, u can hold it if it is for long term... i will consider if it drop to 2-3sen.... coz pretty sure jul-sept will be ugly...

Nicholas, i m the lucky one... although not all sold... the remaining sold at 0.08 n some 0.075...

Watever la, call me eureka also no problem...

Haizz... u check back past record hit or not lo... i forgot is in august or end july... check if it hit or not lo...

Nicholas, they said tml confirm out or try the best tml out? Different leh... i dont think ir can tell confirm or not confirm... if not, y they dont put it that way in their announcement to give investor confidence???

I dont need to call... coz they announced ENDEAVOR... u call they will also say ENDEAVOR... and report not report also nvm... i mentioned many times... OUTLOOK....

Lol kakashi... i think u should change ur name to YAMATE instead...

Unless tonight announce, if not i dont know how it flies tml...

Kakashi, i raise many things which doesnt make sense...
QR delayed coz mfrs141 - accounting ppl know it is not an issue pun unless ur fv is lower than ur book value and u need to recognise huge immediate loss;
QR delayed? Fine.... y extraction volume report delayed?
Operation issue.... i m sure but no announcement... so we wait....
I said qr result should be good without considering the mfrs141, but what is the outlook if operation affected? Outlook!!! Outlook!!!!!
Major shareholder disposing at loss... but some body argue they sold at profit by comparing price by batch not by average....
The IR officer wont tell u they can deliver it by friday or not de la... those said can issue cannot issue talk cock only la....
If today drop to 4 sen and tonight still no announcement, good luck la tml... the first sell down would be tml d...

Ali idris... i m cool... coz i didnt hold... every company is investigated means bad news for every company... not because all bad so pwi is safe lo.... nobody trust me their operation affected.... sad... and today volume so high.... the who who will come out to explain again... T+3, T+3..... hahahahaha

Stockhunter, do u know the opration at fmu5 now stop d?

Pray for the best la...

Stockhunter, u know how ppl do illegal logging nowadays? Cut other ppl area or prohibited area and report it as their own area for royalty payment.... like doing money laundering to wash the illegal to legal... so we wouldnt know...

No matter how is the outcome of the investigation, current operation is affected n pworth nvr make announcement on this... i also wonder how long can they drag... really not material?

Good luck.... wait qr for more info...

If forestry department dont issue cutting license i think also gg lo...

If the license is revoked, byebye lo...

If one off gain of 150m recognised. It means naps of ard 0.13-0.14.... but even now before acquisition ard 0.10-0.11 also drop to 0.045 lo....

Tahts means acquisition completed in july lo.. can recognise? No idea..

Yes, u r right but share price would have already affected when they made such announcement..

Stockhunter, under an efficient market... it will already priced in the negative goodwill in the share price la when pworth announce the acquisition of fmu5.... where got wait until the result out de... their price sure went up d la when announcement was made for the deal..

I dont have details... i m not sure if it can be recognised in quarter ended june... for me they cant recognise coz they still dont know they use cash option or listing of gsr method... the consideration is different.... but the cash option extended to 31 july... any further extension???

Ok i saw the news u shared... perhaps they can recognise it in quarter ended june since approval was sought in may 18.... hopefully...

I didnt follow hibiscus oh.... went up n drop now is it?

As said previously, dont think they can recognise the acquisition in qr coz they didnt recognise it after signing spa in oct 2016...

They acquire the company, fmu5 is just an asset in that company... dont know what is the other asset n liabilities on that company’s book.. negative goodwill is the excess of fv of net assets of the acquired company over the acquisition consideration.....so u know fv of fmu5 only so far...

I remember there was a revision to 390m in their announcement

Y cant publish report? Mfrs141 shouldnt be a problem.... the fv might be the issue... the fv maybe lower than current existing book value of related assets n need write off la maybe... maybe management still thinking of how to produce a higher fv from dcf analysis....

And they still have goodwill 20m recognised on book... related to timber too...

Nicholasming... yes....
Further to my analysis, AR2017 timber rights n biological assets r 18m and 100m respectively.... MD&A stated they managing 28,000 hectare FMU... but note 18 stated 100m related to 1,798 hectare only.... the cost capitalised include depreciation of PPE somemore... FV of the current 1,798 or 28,000 hectare is how much? If 101,000 hectare fmu5 worth 390m (if not wrong), prorate 28,000 hectare is 100m++ only... can it cover the book value of timber rights, biological asset and relevant PPE? Does it mean u need to impair it now coz auditor has to disclose the impact of new standard when adopted... if the FV had been determined, the question is whether impairment or write off required on current book value too and it might ends up qr result very ugly....

I read many of their report as well as annual report... to be honest, based on the extraction volume in apr to june, ex rate movement and the demand from logs supply... under usual circumstance, they will report a fantastic one... but too bad the crackdown impacted their logs extraction operation at fmu5... hopefully qr out asap, wanna read outlook and note on subsequent event...

Trust the one who explain the most making sense analysis...

Hypeman, things unlikely come at the same time... they can choose not to do early adoption... y they decided to early adopt at final quarter instead? Maybe thats the only valid reason for them to delay report.... then i query, y no extraction report? Y? Even have report on friday dont think there will be good things also no matter how good is the result.... fmu5 really a big trouble now... believe me la... if u r in this industry u will know.... another reason maybe they havent reach an agreement with their auditor who need to sign the audited acc for year ended 30 june 2018.... they want to make sure that audited result doesnt have significant variance with their unaudited result which will trigger bursa or sc’s query so there is another issue to consider d... whats the disagreement btw the management and the auditor then....

If tml still dont have, i think friday ppl start selling lo...