Hi I m new babie to stock, just dont understand y suddenly drop like hell. Based on yesterday quarterly report as below: 31//7/2013 31/7/2012 Var Revenue('000) 9,333 1,207 +673% P/L b4 Tax 1,765 -1,375 +228% Net Profit -108 -1,375 +98% EPS 0.46 -0.39 +217% But don understand Net Profit is -ve, EPS is +ve, which means improve tremendously in term EPS, suppose everybody is chasing to buy. Can anyone help, thanks in advance
On behalf of the Board of Directors of Flonic, M&A Securities Sdn Bhd wishes to announce that the Company proposes to implement a private placement of up to 34,994,493 new ordinary shares of RM0.05 each in Flonic to independent third party investor(s) to be identified.
EPS diluted with additional new shares.However, saving on interest of RM3m per annum and this will improve the company's bottom line.EPS dilution compensated with better earnings.Gearing ratio will be,accumulated losses cleared with par value reduction, balance sheet will look clean and healthy for this company to move forward.With reputable new shareholders, this company can spring some surprises.
On 23/7/13, announced that maintenance services agreement btw 7-eleven & Jiwa M&E services (flonic subsidiary), 3 yrs contract fr 1/6/13 to 31/5/16.extension 3 yrs. All invoices r payable in full within 30 days receipt of the invoices and at the end of each month. The est revenue as below: Cost/store = RM800/mth Assume whole msia -400 stores Revenue/quarter= RM800X400X3, approxi RM1million (huge for ACE comp) & is not yet calculated in the last quarter profit (probably June 13 only) Anyway, the revised quarterly report (published again on 27/9/13), for EPS 31/7/13 31/7/12 Var(%) EPS -0.03 -0.39 +107 fanstatic improvement eventhough not yet +ve & above contract is not included yet Based on above mentioned, Flonic should have a very bright future, hope we all benefit from there. cheers!
At least Tan Chong's family member is positive with the future of this counter n still holding her recent shares very tight !!! I think her average was 0.13ish ????
The major shareholder keep disposing , the share price how to advance ? He still holding more than 5% , unless he finish disposing only the share price can move forward.
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....
jasonlim84
725 posts
Posted by jasonlim84 > 2013-09-27 16:36 | Report Abuse
lol still in holiday mood. need good news to push it