Posted by StockGodFatt > 2022-05-06 11:22 | Report Abuse

Esceram are meant for big boys only with strong holding powers

Posted by VenFx > 2022-05-06 11:24 | Report Abuse

No big boy
Only water fish die for nothing kena con by this kind of made up deal.

Posted by ValuePrice > 2022-05-06 11:50 | Report Abuse

To be honest, the company do have the cash to fund this venture. but the question is whether this is the right move? Should just give dividend back to all share holder...the proposed company profit is peanuts to be honest

Posted by ValuePrice > 2022-05-06 11:54 | Report Abuse

why would they choose to diversified into ready mix batching plants....sigh

Posted by Kingbeast > 2022-05-06 12:57 | Report Abuse

They are in good business but owner.... quite noob in business.

Posted by wussyboys > 2022-05-06 14:26 | Report Abuse

diversified in to ready mix concrete is a good move ? ; and now evermix give a profit guarantee PAT 11Mil ,
evermix pat fy2019 - 5.3mil ; fy2020 - 4 mil ; fy2021- 2.9mil

i have question in my mind is can esceram maintain the profit level like what they doing in fy 2021?
buying a company with rm83 mil that say guarantee profit rm 11mil with roi 13% look like good deal but will evermix able to fullfil this?

i really hate diversify.. just dunno is it gonna diworstify ... is it time to say bye bye?

Posted by TreeTopView > 2022-05-06 14:38 | Report Abuse

It looks like a good deal.........for those selling the business.

Posted by Kingbeast > 2022-05-06 14:51 | Report Abuse

That’s why I said, the owner really clueless. Want to diversify also think of a good business lah. Look at Elon, but Twitter because Twitter controls the world. He can simply ban people even the President. Meaning he can control the world

Posted by wussyboys > 2022-05-06 14:54 | Report Abuse

* The proposed acquisition comes with a profit guarantee of no less than RM11 million for the cumulative two financial years.

so 83Mil for 5.5 Pat = ROI 6.6%?

Posted by ValuePrice > 2022-05-06 14:58 | Report Abuse

but not much synergy between current business actually...
buying a ready mix concrete business...the margin is quite thin...

Posted by ValuePrice > 2022-05-06 14:59 | Report Abuse

well it still have to go through EGM...for now and the current account position, ES ceramics is still fundamentally a good business

Posted by VenFx > 2022-05-06 20:34 | Report Abuse

Icecream fail to protect their minor shareholders benefit.
But to pay such lousy biz at dam expensively price.

I lost my faith in icecream

Posted by Kingbeast > 2022-05-07 08:52 | Report Abuse

Ice cream melting

Posted by sense maker > 2022-05-07 09:54 | Report Abuse

Haha, sudah start to transfer money out of the company. Told you guys.

Posted by Faiza > 2022-05-08 08:43 | Report Abuse

habis la

Posted by Kingbeast > 2022-05-08 14:09 | Report Abuse

Guys, as long as glove hand former business still intact, this counter still has its fundamental.

They bought Emix is just for diversification. Nothing wrong. Let’s monitor further and see

Posted by firehawk > 2022-05-08 14:49 | Report Abuse

Posted by wussyboys > May 6, 2022 2:54 PM | Report Abuse

* The proposed acquisition comes with a profit guarantee of no less than RM11 million for the cumulative two financial years.

so 83Mil for 5.5 Pat = ROI 6.6%?

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

anyone thinks this is a good investment?

Posted by chonghai > 2022-05-08 22:27 | Report Abuse

The diversification is a bad investment. ESCERAMIC is a company with 160Million Market Cap generating rough 40Million PAT annually.
Now they spend 50% of Market Cap to buy a company that only generating 5.5 Million PAT annually.

Posted by Kingbeast > 2022-05-09 09:28 | Report Abuse

Gg already. Share price can’t recover....

Everyday drop, hard to go up.

Posted by CUTLOST > 2022-05-09 10:37 | Report Abuse

Bot 31cts

Posted by AdCool > 2022-05-09 10:49 | Report Abuse

You are only looking at the figures for superb years. Prior to Covid, Esceramic PAT was so erratic that there were years it cant even generate 1 mil PAT. Check out 2018 and 2019 PAT. Post Covid 19, Esceramic PAT would mostly ranging around 10 mil. With this 5.5 mil, it would ramp up the PAT to around 15 mil.

chonghai

The diversification is a bad investment. ESCERAMIC is a company with 160Million Market Cap generating rough 40Million PAT annually.
Now they spend 50% of Market Cap to buy a company that only generating 5.5 Million PAT annually.

Posted by Dangel > 2022-05-09 11:00 | Report Abuse

20cts. is the strong support level for esceram.

Posted by Kingbeast > 2022-05-09 12:19 | Report Abuse

0.15

Posted by Faiza > 2022-05-09 14:25 | Report Abuse

this stock if in hibernation, can go deeper than submarine

Posted by Kingbeast > 2022-05-09 15:22 | Report Abuse

PN17 edy

Posted by Kingbeast > 2022-05-09 16:57 | Report Abuse

Gg

Posted by AdCool > 2022-05-09 17:42 | Report Abuse

going to hibernation for months once below 0.3. can buy and keep for 2-3 years later.

Posted by Kingbeast > 2022-05-09 20:11 | Report Abuse

I think can reach 0.2

Posted by moneytr33 > 2022-05-10 08:39 | Report Abuse

Damn. This is my greatest loss!

Posted by Kingbeast > 2022-05-10 09:51 | Report Abuse

Gg. Sell sell sell.

Posted by CUTLOST > 2022-05-10 09:56 | Report Abuse

Road to Holland

Posted by Faiza > 2022-05-10 14:52 | Report Abuse

saw submarine going east

Posted by andytfyap > 2022-05-10 21:14 | Report Abuse

https://www.theedgemarkets.com/article/relatedparty-transactions-and-private-placements-under-scrutiny

Posted by andytfyap > 2022-05-10 21:19 | Report Abuse

It’s very obvious that the RPT is detrimental to the minority shh like us, thus we must go all out to defeat this unfair resolution. If this sort of practice is so rampant, and if authority also never enforce the rules , then who else will have confident to invest in the equity market ?

Posted by Kingbeast > 2022-05-10 22:55 | Report Abuse

Malaysia useless

Posted by ValuePrice > 2022-05-11 11:14 | Report Abuse

when is the EGM...sounds like they are many displeasure with ES Ceramic using this cash accumulated to purchase evermix

Posted by Legend > 2022-05-11 11:44 | Report Abuse

siapa sudah kena trap...haha

Posted by Epseps > 2022-05-11 12:57 | Report Abuse

I m still accumulating good co to invest. Trusted management. I m quite consistent with my investment strategy. Not like someone here daily said diff things. Pusing till I pening

Posted by Kingbeast > 2022-05-11 13:21 | Report Abuse

Is a not so good investment actually. Somemore is concrete business

Posted by CUTLOST > 2022-05-11 15:53 | Report Abuse

Nice ice cream

Posted by andytfyap > 2022-05-11 16:03 | Report Abuse

Initially I invested in this counter due to the facts that the company was making profit consistently in the past quarter, and has high potential in making more profit. However, out of sudden the Board and the major shh went and practise bad corporate governance by using most of the reserves and cash funds to acquire a related company owned by the major shh, with 65M cash, and the balance by shares. It means that most of the reserves will go into the pockets of the major SHH. Who will get the money? Not us in term of dividend but the major shh, and even then somebody is very happy with this and considered this is a good company , what is the logic? Insane.

Posted by TreeTopView > 2022-05-11 16:31 | Report Abuse

andytfyap, I think the deal stinks. If was a shareholder I'd be walking out the door and never return to this farce.

Posted by zaaz_ri > 2022-05-11 16:39 | Report Abuse

The global ready-mix concrete market size was USD 633.4 billion in 2019 and is projected to reach USD 1,227.2 billion by 2027, exhibiting a CAGR of 8.7% during the forecast period. Ready-mix concrete refers to a material used in construction.
https://www.fortunebusinessinsights.com/ready-mix-concrete-market-103281

Posted by Kingbeast > 2022-05-11 18:34 | Report Abuse

Good business but management fails or. I think the most logic is the company is owned by the owner’s relative or blood line

Posted by StockGodFatt > 2022-05-11 18:57 | Report Abuse

Esceram has started to go up. Sui sui

Posted by ValuePrice > 2022-05-11 20:44 | Report Abuse

I think the current business and levels of profit is good. But the acquisition of Evermix does not look like a good use of all the cash that the company accumulate

Posted by Kingbeast > 2022-05-12 06:54 | Report Abuse

They thought they acquire some growth company like electric vehicle

Posted by StockGodFatt > 2022-05-12 07:52 | Report Abuse

If everyday can go up 2cents it will be wonderful

Posted by StockGodFatt > 2022-05-12 09:18 | Report Abuse

Esceram lai liao sui sui

Posted by Kingbeast > 2022-05-12 12:41 | Report Abuse

Lol. What lai? Lai red ah?