ventured into pharma... share price stagnant...
looks like is not well accepted news.

heard some news. SC rejected it.

Post removed.Why?

Post removed.Why?

pay back 0.456 ? how is this possible.
90% proceeds are in trust= 45 cents.
with 3 years interest, it should be much more.

Sona acquisition per barrel cost ?

SC requirement is to spend 80% of investor money for QA.
Buying this asset just use about 45%

Is Sona getting a good deal?...
But is not fulfilling SC requirement. That's the worry

Pacific Alliance cost is 44cents.

Hi All. I also double checked. top 25 shareholder consist of 56.23% of total issued shares, their cost are between 42-44 cents.
For your reference.

0.45 + interest 3.15% x 3 years - corporate tax 25% = 0.4818..

warrant left half cents... good bye.. i used to own warrant at 40cents..

many selling 0.435 quietly..

big seller today @ 0.440.
must be credit suisse

the sell queue is being blocked by a big player.

My Previous comment : -

my simple calculation is 0.675 x 3.15% x 3.15% x 3.15% = 0.740 - 75% (0.740-0.675) = 0.723 during maturity on April 2016.

Oil is 10 years low...

i think there is no revision on the purchase price ?.. oil @ USD 30 now..

ham kah lan Directors. Tiu nia ma cau fa hai

Hopefully today a good rebound.. Give me a 3.400 closing for FY2015

great scott ! back to 3.280

sapu 20k shares @ 3.280. Doing day trade today.

any news on SC.. damn slow

Below are the historical QR Dates. We agak2 know when
26/11/2015
26/08/2015
25/05/2015
02/03/2015
27/02/2015
07/11/2014
26/08/2014
29/05/2014
27/02/2014
28/11/2013
28/08/2013
31/05/2013
30/05/2013
26/02/2013

sold partial with averagely 3.408. Will start buying back slowly... good luck all

many strategy to play.. i plan to sell off partial and hold the balance till April 2016.

since Sona is not using 100% of the trust fund, would it be possible to refund the balance to shareholder ? Just my wild opinion. It would be great if is true.

since left 2.5sen.. those holding it might as well just hold until the end..

a roller coaster day, but still ended with a positive note +1 cents.
Buying rate is 47% with average trading price of RM3.450.

Close nicely !! hammer up !! tomorrow very high chance positive.

amin..

I agree with @The One. Please don't condemn analyst and show some respect. You might earn your big bucks in this counter, the analyst is also cari makan and giving their view as a professional.

is not submitted to SC for consideration right ? still got many months to go then

RM600k break the 3.100 barrier

amin..

today first 1 hour volume = yesterday whole day volume. Good or bad

is time for us, the supermarian shiok a bit.. janganlah harta, kossan shiok aje, tak aci.

amin.. pls tell it will goes up to 3.500 !!

wow. suddenly break 3.00 again

bertahan.. survive today and next monday...

hi @rohank71.. i believe is yet to minus of the tax. My layman calculation is
(73c - 67.5c) less tax 25%+ 67.5c = 71.625c.

volume shrinking after the surge on 15 Dec 2015 (T day).
buying rate for T+1 and T+2 about 50/50. I think is a good sign.

i hope once EGM confirm, price will move up to 0.690-0.700. Likely will just dispose it.
Lazy to go for EGM for the additional 1cent.

Thanks bro nomanland for the opinion. Keep in the fridge first then.

need a strong catalyst to stimulate new high price, such as coming quarterly report.
Unless there is a M&A or something.

caught at 0.55... how...

INSIDERASIA STOCK OF THE DAY, LATEST NEWS, CORPORATE

FROM THE EDGE

Insider Asia’s Stock Of The Day: Supermax

By Asia Analytica / The Edge Financial Daily | December 15, 2015 : 10:39 AM MYT

This article first appeared in The Edge Financial Daily, on December 15, 2015.


Supermax Corporation Bhd ( Valuation: 1.40, Fundamental: 1.00)

insiderasia-logo_theedgemarkets

WE continue to favour Supermax (Fundamental: 1.0/3, Valuation: 1.4/3) for its comparatively undemanding valuations and strong growth potential. Its peers Hartalega, TopGlove and Kossan are trading at trailing 12-month P/E of 25.2-40.8 times and 4.3-6.5 times book. In comparison, Supermax is trading at 30-50% discount with trailing P/E of only 17.2 times and 1.8 times book.

The stock has been a laggard for the past one year (+47.5% year-to-date) compared to the other Big Four glovemakers (+62.2-146.9%). This was partly due to repeated delays in commissioning its new plants, which affected its financial performance. However, we believe Supermax has largely overcome the issue, judging from its latest quarter results.

For the quarter ended September 2015 (change in FYE to June from December, starting FYJune2016), revenue grew 11.3% y-y to RM309.9 million, thanks to higher output from the new production lines and efficiency gains. Net profit surged 38.3% to RM38.5 million, boosted by increased sales of higher-margin nitrile glove and the stronger USD.

Going forward, we expect Supermax to continue its strong double-digit growth momentum, underpinned by the two new plants in Meru, Klang, which has started production in batches since early 2015. The plants will have a total of 40 production lines with installed capacity of 600 million pieces of nitrile gloves per month.

When fully commissioned at end-2015, total production capacity will increase by 40% to 25 billion gloves per year. Higher-value nitrile gloves will then account for 53% of its total installed capacity.

Supermax was recently awarded one of the licenses to supply medical gloves to the UK’s National Health Service (NHS) for the next four years. The NHS, which covers all hospitals in the UK, consumes approximately GBP50 million (about RM327.6 million) of medical gloves per year. Assuming a conservative 25% market share, this contract alone would contribute an additional 8% to its topline, starting FY2017.

today volume is considerate low, and selling are on market sentiment based.
play counter strike always say : "stick together team!"

Next report on February 2016. be patient..

should be around 0.71 at this point of time (after tax)