extracted from their annual report: "please be aware that 1st quarter of fy 2018 will record a huge loss as full provision resulting from the fire will be accounted for. the provision will be reversed when we received the amount from the insurers. on 5 January 2018, the Company received an advance claim payment of rm15 million through its wholly-owned subsidiary, notion venture Sdn Bhd whilst the insurer’s investigations into the loss or damage to building, machinery and stocks by the fire are still in progress."
If funds r inside holding, no matter how bad is the Q result, they may push up with thousand of reasons ie they hav factored it or alredi fully aware n future is stil intact or actual Q result out not tat bad or below figure of their estimation or Notion is on right track to recover from the damaged and etc etc...and now till Q result out just nice for them to slowly push up and collect more along the way as most of us hav same thinking, run first with prediction very bad Q result out soon.. This is our bursa share always expect the unexpected.
Counter with good fundamentals. Well managed. Steady earnings. But unlucky. Got burnt down. Will surely come back! What is the good price to buy?Pls advise
To put it into perspective, a lot of companies in the US have negative EPS. Eg. AMD has negative EPS all these years, and has just swung to positive EPS this QR.
Lol..one person with so many accounts. Do you think fund managers and rich people will waste time on I3 to look for your opinions? I really admire you..r stupidity
Pls be noted that Notion had included a total 30mil from 2 insurance pymts received in Jan & Feb in current QR as other income and this 30mil will not be reflected in the next QR in May.
Nope d 30mill not counted in last quarter, pls refer to quarter report page 7 B2. Also, Notion has 2 new customers in semi conductor which will fairly contribute to their business, pls refer to page 9 B3-3.4.
Please read B2 page 7 financials : As at date of reporting, a total interim claim payment of 30mill had been received and taken up in current quarter under review.
The loss was expected, but it is still too big to digest. Some people might have hoped for better result, sell down is surely unavoidable in Monday, let's see.
As i said expect the unexpected and it is their call either to push up or down or holding steady and with excuses as long if funds are inside and now what ?? Holders will be calm down and share price will be supported at range 0.60 + till next news.
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....
Ghostliker
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Posted by Ghostliker > 2018-02-02 14:24 | Report Abuse
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