got software renewal to sustain mah...so many intangible asset and cash flow purchase large amount of it causing amortization of intangible also high...what happen to receivables?seem like amount getting bigger...
Very disappointing qtr results Boast of business in Russia China and Asia Pacific countries....but turnover still peanuts and shrinking. Now says adding US business through Inova Tech....with their "tortoise method" we shareholders are being punished. Please speed up yr business Ucrest....don't be like a tortoise please.
Support at 0.23 should be enough. It is not a good Qr and definitely not a Qr bomb by all means. Some of you just put the expectation too high. haha...
Very bad result. Revenue drop by almost half. Fishy thing is the profit still about 3mil. That's 40% profit margin. Not right. I haven't see the detailed earning report yet. Better run. Going down 0.20 or below
High profit margin is because of the recurring software income on intangible assets. No device cost, only few staff on customer support for this cost. Anyway, they keep on purchase additional software which means company is confident in the future customer base. I will continue hold long term as this company have good prospect.
Calculation is just 1 factor. FA already tell you (for those who know)...
"john doe: Support at 0.23 should be enough. It is not a good Qr and definitely not a Qr bomb by all means. Some of you just put the expectation too high. haha... 30/04/2019 8:21 AM"
That's right tk1127. Not many noticed it's spending on intangible assets every quarter. I am buying for the potential in future and would like to see how these assets will help ucrest in the long run.
After change of new auditor..Result still acceptable, no worry..buy for future. the director confident to say they are consecutive profitable for 7th quarter. Buy on bottom with few round. Your ucrest will up 50% after 1 and half year.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Chuah Tiong Yee
12 posts
Posted by Chuah Tiong Yee > 2019-04-29 19:44 | Report Abuse
At least still make profit