Until 28/2 the net cash for operating flow in is 3951859, for until 31/5 is 5597236, so the different of cash flow for the latest quarter alone is 1645377, more than the PAT amount which included the foreign exchange gain, just imagine when the operating cost is under control, this share will surely fly like crazy.it what we call the cash caw.
I still hold Esceram but it is less than 1.5% of my portfolio. I am going to sell it any day soon. I have not bought Tambun, but am interested in going in soon.
Now tambun pe is quite entice to go in, it just don't know property rebound when? But I think tambun fundamental is good for it to go thought These tough time.
SHAH ALAM: Top Glove Corp Bhd will soon announce a major acquisition which will be around RM1bil, according to its chairman Tan Sri Lim Wee Chai.
“It is something good and we are 99% sure it’s in hand. We’ll announce it within the month,” he said at a press and analyst briefing at the company’s headquarters here on Tuesday.
The company that will soon be acquired by Top Glove is based in Malaysia and also produces gloves such as surgical gloves.
Top Glove said it is capitalising on mergers and acquisitons to achieve double digit growth in it revenue every year.
TopGlove has their own former production facilities now and TG was never a customer of ESCeram. In addition, ESCeram does not pose any threat to TG and at the same time does not offer any synergistic benefit for TG given its miniscule size..
The Edge's article (link above) summed up the important points of the AGM conversation with the board. Also, when asked about possible acquisition by Top Glove, the CEO said "we have nothing on the table now".
Obviously he can't comment as he is bound by bursa rules. TG will announce the deals soon. If Esceram is one of them then is a good deal cos this is a well managed company with good mgt.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 791 views | 5 d ago
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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....
vxpoison
1,906 posts
Posted by vxpoison > 2017-08-02 13:30 | Report Abuse
Good time to average down liao...