@slts - refer above screenshot of company books, they have current assets of about rm 8.8m which should be sufficient for them to operatesnd turnaroud the company once improved earnings from plantation segment comes in
@newbie911 - refer to the chart..the volumes only started to enter recently around 20c area..the volume was too small before that hence it could potentially be negated..compared to the other cpo counters which have rallied for 3-4 weeks, this counter has not seen enough interest as it should..
With a plantation profile of 50% aging trees (15 years and above) in need of replanting, they will be enjoying the increased cpo prices at absolutely the wrong time.
In addition to that 25% of their revenue came from a customer which decided to build and produce their own production lines to meet the demand. They are scrambling to meet an entire year of bad luck.
Investhor if you want to buy and push this stock to i3 investors you really have to try much harder, this has been a bad company for years, and the cpo price runup is not going to be sustainable.
But the poor management capability is going to continue for the entire length of time that you hold this stock.
@Philip Greta - not sure how you know so much details of their business (maybe you have a friend working there, or God knows how)..but my opinion is based on the facts and figures available in the company official reports..it is better for you not to speculate if you are not an official spokesperson of the company..
also, why would you assume that I am buying this stock to push to other investors? it really is low of you to simply assume like that..whereas like I said I am simply sharing opinion and it would be up to the market to decide the price of the stock
@gohkimhock - funny that you said there is no corporate exercise..they had just completed a private placement of 56,048,443 new Scope Shares on 18 March 2019 for expansion of their electronic manufacturing business..
also, the majority shareholder had crossed over 32 million shares to INVENTEC APPLIANCES CORPORATION, which signals a strong partnership in its manufacturing section
maybe a tip to you..don't simply make a statement before studying the company's recent announcements..you will make yourself look bad
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Posted by Investhor > 2020-01-04 12:29 | Report Abuse
On Manufacturing Side, they have INVENTEC APPLIANCES CORPORATION (from Taiwan) as a business partner, with a 32 million (5.17%) shareholding in SCOPE.
IAC had acquired this stake in 2019. This partnership should contribute to better earnings in their manufacturing division in the long run.