Time will prove whether it's a hidden gem or trash..
Annual GM in coming next 2 weeks, can ask management the prospect of Hand Former ASP and Progress & Timeline of its New Plant Expansion then roughly will know Q1 results..
If Hand Former ASP not drop drastically like glove, sustainable earning will surely attract lots of investor interest...
- People worried that Top Glove is going to go pre-pandemic levels are kidding themselves. Now, I'm not saying that Top Glove will earn RM3 billion per quarter forever, don't get me wrong.
But Top Glove has RM9 billion in free cash flow. Top Glove can just buy several profitable companies and reap profits and grow forever and ever even if ASP's normalize. Not to mention, countries are stockpiling gloves.
It's the year 2021 and people still trust the sharks and big players? People should know now that when the hedge funds say RUN, it is time for you to prepare cash to BUY. When the hedge funds say BUY, it is time for you to prepare your SELL order. IT'S 2021 and this is still a mystery to all you jokers? Is it a mystery that banks and hedge fund LIE all the time so they can buy and sell as they wish?
Prior to the bonus cum warrant issue, there was 270m shares on issue. Your revered Captain Wong & Dato Tan team engineered the dilution to 650m or more shares now. Historical price of shares 9c ave, profits between 2-8m per year, but now EPS. Not to dampen one's enthusiasm, if one wants to project 50m or so ave profits next few years, that's an even monumental quantum over the superprofits the glove companies enjoyed.
One can take the best year's profit, multiple by 10x and get desired share price. The institutional investors are happy to price it at 3x PER of record profits now. As their long term predictions are closer to 6x next 10 yrs of profits.
Esceramics' Glove Dippers are NOT nitrile gloves. Selling prices are NOT the same and don't move the same. In fact, glove dippers get more and more expensive as more factories are built and more of their overworked equipment need replacing.
That's why Esceramic's profits are only going up, as opposed to nitrile glove companies. Who cares about number of shares when profits are only going up?
Won't engage in personal attacks. Far more depth and maturity than that.
As I said, entered blindly following a friend. For small whiskey money. Then it tanked. I pulled out. Then tanked further, my friend consulted me. I did some quick econs research on it. Uncovered what I've disclosed. So that's all to all this....
I felt tickled to add here. Impressed by treetops imparting good insight. Beyond this, I say out now. Let time find it's footing...
Oh the irony..a big hypocrite you are. Saying that people who do not agree with you are "dreaming grandiosely" while saying you won't say anything personal. I know your kind. Many lurking.
wait for 20 sens HAHAHA this has no bottom scaryyyy director semua masuk cave ... when high they buy and trade hands now u see whr they are howw they address this what they doing...UNTUNG already lla nvm later if they buyback only ill come in if not dont touch
i am using the aka malanglish tell me director wake up already or just looking sleeping i think they got no sense of clue wwhat they are doing...no worries they pandai goreng wait for IT !! but right now they rich already bro no need goreng relek goyang kaki makan gaji HOHO...they realised no good trap ppl makan gaji bonus fat fat is the best way
Wow, that would be really good as the value of the company would be 130 m. You think that would be possible? Why 0.20 sen, interesting value. Kamal and Wong would rather take it private! Sorry for asking but we are all here trying to make a living in these Covid times and that comment is in bad taste. My view...
Q1 profit will not be looking good compare to previous quarters due to FMCO and phase 1, but has the market over-reacted on it? It isn't as important to buy as cheap as possible as it is to buy at the right time - Jesse Lauriston Livermore
Selina888, esceram has been melting since the last profitable quarter report; inwhich esceram declared dividend. Many were taken for a rough ride to "enjoy" the dividend payout. At over 0.860 then, it tumbled to today at 0.380.
I guess after all glove makers settled down (price stablize) only then may be the right time to buy. No recommendation from me to buy or sell, just my view.
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lndependentlnvestor
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Posted by lndependentlnvestor > 2021-09-16 14:03 | Report Abuse
"On 20 April 2021, the Group accepted a bank loan facility of RM14,500,000 to finance the construction of a new factory and storey office."
The physical value of the new factory and office is still inherently there.