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2013-12-24 15:41 | Report Abuse
so all the information about brisk sale in singapore is B.S.
2013-12-24 15:40 | Report Abuse
Thank you very much for the email. .
In retails distribution there are classification and Tudor Gold are only available at NTUC class A outlets (30 stores). We used to be listed under class 6 banner but was since downgraded by the buyer in view of poor sales performance. Actually the brand was deleted during Andrew/Terence Seet time but we managed to put it back on shelves. However, till today we are still struggling with the sales number, and that despite doing promotion after promotion, sales are not improving. As often feedbacks we need to improve the taste, at least nearer to the consumers preferences or else the brand will face deletion again.
I have appealed to Mr. Bernard Lee for more A&P supports especially on Tudor Gold, but he insisted we go by 12% of sales. With such level of supports its would be extremely challenging for us to continue promoting Tudor Gold especially with negative returns of investment. Just for your information, Cold Storage supermarkets have deleted Tudor Gold 3 months ago, but we managed to convince and put it back on shelves however that come with, after agreeing to support one of their expensive promotion event featuring Tudor Gold. And we hope we have the stamina and capacity to continue keeping the brand on shelves (longer).
We will do at best for the brand, and come next year we will have to increase the retails price, we hope with the change it will not cost us the distribution. We really have no choice but to take up the action or else we cannot afford any longer in promoting the brand.
Hope the explanation address the concerns. Please continue to feedback or comments, in this way we can strive to achieve service excellence for the products as well as the trade.
Thank you very much.
Best regards,
Clarence Ho
Country Manager
Network Foods Distribution PL
Tel: 65 6757 7678
2013-12-24 14:50 | Report Abuse
guys and ladies, relax, take a breather
2013-12-24 14:13 | Report Abuse
I have made a report for the misaccounting of PMCorp to MSWG.
2013-12-24 13:44 | Report Abuse
Beware of MUI Group.
(1) 20 Dec just announce over pay rental to subsidiary by RM13 million (PMCorp & MUI). They found out because sold the office building.
Question is, PMCorp is a manufacturing and marketing concern. Why need to rent at so high price office? Should use the factory as the main office.
(2) CFO suddenly quit co over the last month. He would know why the over payment of RM9 million by PMCorp and RM4 million by MUI. Or he is the culprit?
(3)When I queried PMI way back in 2007 why they purchase the empty land and property from sister co. I was told off as being pessimistic. I sensed the fox in making the move.
(4) The staff in the group were "sleeping" to let RM13 million slip by and no police report made.
(5) The choco company spent RM13 million a year for wages, but the supply chain cannot deliver choco to outlets for sale!
2013-12-24 13:42 | Report Abuse
MUI Group now have their AGM in PD. Scare many investor come to complain. Working people will not take leave to be there the whole day.
2013-12-24 11:33 | Report Abuse
thnls. just joking about the crows whisper.....as in Omen movies
2013-12-24 11:15 | Report Abuse
Observers said the suspension might entail news that the company had found oil in Oman but that its commercial viability was yet to be known.
2013-12-24 10:39 | Report Abuse
"It appears that this well has been drilled into a separate sub-basin with poor reservoir quality. These results should have no impact on the risk associated with the next appraisal well in Luno II central which if successful is likely to confirm Luno II as a commercial discovery."
2013-12-24 10:28 | Report Abuse
Fairway Properties SB owns only the office building and empty land. Why on earth PMCorp need to rent such a huge office space that cost millions? Why not use the factory building as office leh?
2013-12-24 10:09 | Report Abuse
Hibiscus Petroleum Managing Director Dr Kenneth Pereira said the company stood a good chance of success and hope to reward its loyal shareholders.
“The awarding of this contract represents a significant milestone for us,” he said.
The company said the prospects of Masirah North North #1 and Masirah North East #1 have been selected for drilling after indepth technical evaluation and verification using the proprietary Rex Virtual Drilling technology, in addition to the confirmations provided via conventional methodologies.
“These prospects are internally estimated to have prospective resources of about 160 million barrels.
“If the wells yield successful discoveries, production can potentially be expected to begin by the first half of next year through utilisation of an early production system,” it added.
2013-12-24 10:06 | Report Abuse
there will be second round wave up
2013-12-24 10:04 | Report Abuse
Rex International Holding Limited (Rex International Holding or the Company, and together with its subsidiaries, the Group), announced Monday that its jointly-controlled entity, Lime Petroleum Plc (Lime), through its subsidiary Masirah Oil Ltd (Masirah), has begun drilling an exploration well in Masirah North North #1 (MNN #1), located in the Block 50 Oman concession, Nov. 25. This is part of a two-well drilling program in the concession off Oman. The prospect MNN #1, which is about 3,280 feet (1,000 meters) in depth, was selected for drilling after in-depth technical evaluation and verification using the proprietary Rex Virtual Drilling technology, in addition to confirmations provided via conventional methodologies. The prospect is located in the northern area of the Block 50 Oman concession which is about 6,563 square miles (17,000 square kilometers) in size. The well is being drilled using the jackup Aban VII (250' ILC). Rex International Holding holds a 65 percent stake in Lime. Lime, through Masirah, has a 64 percent participating interest in the Block 50 Oman concession, while Petroci Holding, the national oil company of Ivory Coast, has a 36 percent participating interest.
2013-12-23 17:03 | Report Abuse
itu cara promoter yang u kenal
2013-12-23 16:48 | Report Abuse
kakaka....pay out announcement
2013-12-23 16:45 | Report Abuse
forego other opportunity, forego other dividend.....juz average down
2013-12-23 16:44 | Report Abuse
dun worry....if long term investor...buy to average down....
2013-12-23 16:32 | Report Abuse
how u know this damien? the crows whisper?
2013-12-23 16:30 | Report Abuse
kakakaka......i ve been barking for the last 3 weeks
2013-12-23 16:26 | Report Abuse
come one, come all...sell your wife, sell your car, sell your house, invest in choco co, PM Corp.....that's the promoters' call card
2013-12-23 16:24 | Report Abuse
the promoter was waiting for the announcement of pay out which was announce on 20 dec.
2013-12-23 16:19 | Report Abuse
anyone in KL, join me for happy hours at the Crossroad....enjoy today, tomorrow hibi will pay the bill...cheers
2013-12-23 16:13 | Report Abuse
good news is out. Dr M is the new chairman
2013-12-23 16:02 | Report Abuse
I think the past CFO have knowledge in this
2013-12-23 15:13 | Report Abuse
look at PMI, all asset strip naked. all pay for debts. shareholder gets junk food at AGM. When question why buy the empty land (way back in 2008) i was told to optimistic as it will be developed
2013-12-23 15:10 | Report Abuse
any way my small time experience in PMI AGM where no support makes me worry about this group...as most go there for junk food after AGM which was held at Corus KL.
2013-12-23 15:08 | Report Abuse
corus paradise....anyone like to go there juz to look see? and apply annual leave? i m not retired yet lo
2013-12-23 15:06 | Report Abuse
didn't see tko name on crestbuilder director list. when he became shareholder?
2013-12-23 14:48 | Report Abuse
And y held the AGM in PD? For fear shareholder will come en masse?
2013-12-23 14:47 | Report Abuse
I take pains because want to be long term. We want to see companies grow. But we must arrest and manage the short term in order it will remain in the long term.
Salaries and wages cost the company RM13 million. Directors' fees RM173K.
But we have over payment to defunct company by RM9 million and shelves from KL to Singapore empty of choco.
You think this co will last that long? And the email to GM is also returned!
2013-12-23 14:20 | Report Abuse
Shall the shareholders report to the police? Shall we appoint a shareholder promoter to the board?
2013-12-23 14:19 | Report Abuse
wakakaka...i have commented before, beware of the wolf in KKP
2013-12-23 13:51 | Report Abuse
For business enquiries, please contact:
Mr. Foo Kim Wah
Group General Manager
fookimwah@networkfoodsind.com.my
Ms. Ng Lai Fah
Assistant General Manager
nglfah@networkfoodsind.com.my
(Export Dept.)
Direct Line:+6(03)-5513 2515
2013-12-23 13:50 | Report Abuse
company indeed in a deep trouble:
I wrote to this email supposedly the group GM of Network Food. And get this in return in my email:
This is an automatically generated Delivery Status Notification.
Delivery to the following recipients failed.
fookimwah@networkfoodsind.com.my
2013-12-23 12:55 | Report Abuse
Maybe they are introducing new co.....Hibiscus Gas Sdn BHd
2013-12-23 12:55 | Report Abuse
Oman has proven crude oil reserves of 5.5 billion barrels of oil and 30 trillion cubic feet of natural gas. Oman’s oil reserves rank 7th in the Middle East and 21st in the world.
2013-12-23 12:44 | Report Abuse
PMI have negative cash flow as of 31/3/2013. Nah go and collect from them.
2013-12-23 12:35 | Report Abuse
Went to Giant Wisma Thrifty, PJ. The Tango worth rm1.29 have been missing a week.
Another mentioned Singapore is short of choco too.
Just proven management sucks. I will check the factory to see if there is any machinery left in the next few days.
2013-12-23 11:58 | Report Abuse
Pan Malaysian Industries Berhad is a Malaysia-based investment holding company. The Company, along with its subsidiaries is engaged in the investment holding as well as property investment and management. The Company operates in two business segments: investment holding, which is engaged in investments in subsidiaries and associate and property investment, which is engaged in the property investment and management. Through its associate, the Company is primarily engaged in retailing, hotels, food & confectionery, financial services and property.
The Company's subsidiaries include Base Venture Corporate Services Sdn Bhd, Calton Development Limited, Excelton Sdn Bhd, Fairway Properties Sdn Bhd, Gerbang Ekuiti Sdn Bhd, Good Proffer Sdn Bhd, Kiwiton Sdn Bhd, Nada Saujana Sdn Bhd and Pangkal Cergas Sdn Bhd. On February 1, 2012, the Company dissolved its inactive wholly owned subsidiary, Favourmark Corporation Sdn Bhd.
2013-12-23 11:52 | Report Abuse
promoter kuat karib cfo?
2013-12-23 11:50 | Report Abuse
There the common CFO knows about this all the while?
2013-12-23 11:49 | Report Abuse
Fairway Properties Sdn Bhd is a subsidiary of PMI
2013-12-23 11:46 | Report Abuse
sorry I m truly sorry, there was indeed a payout..........................but to Fairway Properties!
2013-12-23 11:44 | Report Abuse
mismanagement telah dijumpai, duit masih di kocek Fairway Properties.....sude ade promoter minta payout....wakaka
2013-12-23 11:35 | Report Abuse
u investors juz dun know what losing rm9 & RM5 million about
2013-12-23 11:33 | Report Abuse
kakaka promoter kuat? pmcorp/mui juz announce mismanagement lo. wonder the cfo is the culprit
Blog: [FCPO Dec, Part 4] "Palm Oil Flavored" Sandwich
2013-12-24 15:44 | Report Abuse
All the hype about brisk sale of Tudor Choco in Singapore is B.S.
Here is the proof:
Thank you very much for the email.
In retails distribution there are classification and Tudor Gold are only available at NTUC class A outlets (30 stores). We used to be listed under class 6 banner but was since downgraded by the buyer in view of poor sales performance. Actually the brand was deleted during Andrew/Terence Seet time but we managed to put it back on shelves. However, till today we are still struggling with the sales number, and that despite doing promotion after promotion, sales are not improving. As often feedbacks we need to improve the taste, at least nearer to the consumers preferences or else the brand will face deletion again.
I have appealed to Mr. Bernard Lee for more A&P supports especially on Tudor Gold, but he insisted we go by 12% of sales. With such level of supports its would be extremely challenging for us to continue promoting Tudor Gold especially with negative returns of investment. Just for your information, Cold Storage supermarkets have deleted Tudor Gold 3 months ago, but we managed to convince and put it back on shelves however that come with, after agreeing to support one of their expensive promotion event featuring Tudor Gold. And we hope we have the stamina and capacity to continue keeping the brand on shelves (longer).
We will do at best for the brand, and come next year we will have to increase the retails price, we hope with the change it will not cost us the distribution. We really have no choice but to take up the action or else we cannot afford any longer in promoting the brand.
Hope the explanation address the concerns. Please continue to feedback or comments, in this way we can strive to achieve service excellence for the products as well as the trade.
Thank you very much.
Best regards,
Clarence Ho
Country Manager
Network Foods Distribution PL
Tel: 65 6757 7678