Posted by azera > 2016-02-27 15:25 | Report Abuse

Personal target?0.20 aft share consolidate

Posted by MagnusCheng > 2016-02-27 16:52 | Report Abuse

One of the ficked up counter. My friend bought at 10sen and stucked for more than 1 year. My commentaries on this counter:

1. Based on the latest quarterly report, it is totally silence on Klebang, Malacca Project (Marina Point). Where has it gone to?

2. Based on the latest multiple proposals, including par value reduction, share consolidation, and right issues, it is expected to RM57.23mil, subject to all shareholders are taking up the rights, and warrant holders are unlikely to convert their shares to take up the rights. Out of these RM57.23mil, RM11.5mil will be used to complete the factory building and production capacity expansion in Senai. Sanichi mentioned in its proposal saying that they are able to produce approximately 15 units of mould, and would want to use these proceeds of approximately RM11.5mil to increase its production to 20 units of mould. It also mentioned that the current utilisation rate is almost at its maximum production capacity. Comparing this to its latest quarterly result, we have seen a reduction in last quarter's sales. The commentary on the latest result shows that the group's revenue deceased by approximately 31.18% as compared to preceding corresponding. The reason of lower revenue is mainly due to lower demand from Euro market. This doesn't jive much with the proposal of right issues.

3. Based on the latest quarterly report, they are having RM17mil cash on hand only, and how are they going to fund the Marina Point project, which has been anticipated by the shareholders?

4. Based on the latest multiple proposals, it intends to raise more than RM10mil, but expected to raise RM57mil in total, for other fundings, of which, one of it is acquisition of investment properties. It plans to applocate RM36mil for investment in properties. The Board is eyeing a property in Singapore, which it intends to collect rent. The cost of investment is approximately SGD11.8mil (RM34.5mil), and is expecting to gross SGD576k annually, pre-tax. this gives the yield to about 4.9%, or post-tax around 4%. It is also eyeing on Megan Avenue Property, which is cheaper, and is intended to yield around 4.75%, post-tax. It is also eyeing on the third property in Bangsar South, which is expecting to yield around 3.9%, post-tax. The yield, for me, is quite appalled.

5. Rather than raising right issues to fund the investment properties at Point (4), why not just fund the Klebang project? Based on the latest multiple proposals, it is also silence about the Marina Point Project.

6. Based on the big dreams embraced by the BoD, do they think that this right issues are sufficient for all these? Or will there be another round, or rounds, of right issues subsequently? Or are they intend to get a bank loan to fund all these, especially the investment properties? In my opinion, this doesn't look feasible. Even if they are planning to get additional borrowings from the bank to fund the investment properties, what is the interest rate to get the loan from the banks? Is the interest rate going to be lower than the rental yield of those properties rented out?

IMO, I won't touch on this counter. Get a better one. I'd rather throw my money in PBBANK or ALLIANZ or such counters to have a nice sleep every night.

Posted by MagnusCheng > 2016-02-27 16:53 | Report Abuse

Mind everyone, the upcoming right issue is going to be heavy. For every share held, you gotta have 2 rights to subscribe.

Posted by zu1967 > 2016-02-27 21:11 | Report Abuse

Kakakaka. Let see. How smart you are. Kakakakaakaak
.

Posted by ivan9511 > 2016-02-28 03:48 | Report Abuse

the report actually is good if you look careful , good profit I expect will up 30% next week.
Please look carefully the report is good lol, dun simply talk bad thing lal.

Posted by zu1967 > 2016-02-28 11:01 | Report Abuse

30% only. I thought 70% kakakakaka

Posted by ahzeelan > 2016-02-28 11:44 | Report Abuse

My view is simple, technically very oversold and the company is undervalued. Shud be able to rebound soon. Enter on bullish KLCI.

Posted by stupid_investor > 2016-02-28 16:00 | Report Abuse

the fact of investors
if you bought higher and sold at lower price you hope it goes lower so that you can buy back or hope that the rest of people who still holding the stocks are idiots just to vindicate that you have made the right decision.
if you have just bought lower you hope it goes higher so that you can sell it and make profit or hope that the rest of people who sold at lower are idiots.
Remember the idiotic directors of Sanichi worry most when the price drops drastically not you.

Posted by zu1967 > 2016-02-28 21:43 | Report Abuse

Wa punya view paling simple. Tomorrow fly like hell

Posted by bruce5113 > 2016-02-28 22:31 | Report Abuse

up up up...sanichi... :-D :-D :-D

Posted by ivan9511 > 2016-02-29 00:27 | Report Abuse

yes up up

Posted by stupid_investor > 2016-02-29 09:15 | Report Abuse

ok you guys think up or down?
The analyst will always say, today mix 4.5 sen is on the lower side and 5.5 sen is on upper side. this is how they find eat. haha.

Posted by richman > 2016-02-29 10:54 | Report Abuse

hold at 5cts and wb at 2cts

Posted by stupid_investor > 2016-02-29 14:04 | Report Abuse

what is the fair value for Sanichi?

Posted by wanshare > 2016-02-29 14:14 | Report Abuse

Fair value should be above0.05 but stupid proposal of 4 become 1 value the share at 0.04. Is it still worth keeping? Up to individual.

Posted by stupid_investor > 2016-02-29 14:20 | Report Abuse

Good Comment, it seems that Datuk Phang is not so smart after all.

Posted by azera > 2016-02-29 14:55 | Report Abuse

phang just cunning...

Posted by stupid_investor > 2016-02-29 15:02 | Report Abuse

Dont be fool, Sanichi drops also no good to him, he is simply not a smart guy, he has no choice but to place dirty a bit, ha ha.

Posted by thomaslim > 2016-02-29 17:28 | Report Abuse

I was wondering how thus Mara Investment Arms going to convince his management to buy the new shares again seen the last snap of 5% on 2014

Posted by thomaslim > 2016-02-29 17:33 | Report Abuse

Why Mara invest to this Sanichi?

Posted by thomaslim > 2016-02-29 17:38 | Report Abuse

A lot of peoples buy Sanichi just because of Mara if I'm not mistaken.

Posted by azera > 2016-02-29 17:41 | Report Abuse

Mara been cheated by Phang also

Posted by YF24 > 2016-02-29 17:45 | Report Abuse

Becoz Sanichi Got Hidden Gem : )

Posted by stupid_investor > 2016-02-29 23:31 | Report Abuse

Phang has been cheated by Mara

Posted by ivan9511 > 2016-03-01 01:15 | Report Abuse

today someone will push up this counter

Posted by stupid_investor > 2016-03-01 09:12 | Report Abuse

haha hoping for the best. The someone is stupid investor.

Posted by azera > 2016-03-01 10:11 | Report Abuse

every few day also got people come out and shout today someone will push up...haiz

Posted by hybrid7 > 2016-03-01 11:17 | Report Abuse

Every counter also got positive and negative people...haiz

Posted by stupid_investor > 2016-03-01 11:29 | Report Abuse

are you a greedy cheapskate ?

Posted by YF24 > 2016-03-01 13:06 | Report Abuse

Coming : ) 0.07

Posted by stupid_investor > 2016-03-01 13:24 | Report Abuse

YF what was your average?

Posted by Sapphire > 2016-03-01 13:27 | Report Abuse

wah....5 cts..?

Posted by YF24 > 2016-03-01 18:11 | Report Abuse

I bought 0.045 and 0.05 avg 0.0475 : )

Posted by stupid_investor > 2016-03-01 21:02 | Report Abuse

YF so smart, surely he is going to make a lot of money soon.

Posted by Sapphire > 2016-03-01 21:09 | Report Abuse

CAN BUY NOW??/finish drop??

Posted by YF24 > 2016-03-01 21:49 | Report Abuse

Hope everyone make money here : )
Buy more avg u won't regret : )
It will shoot back to 0.07 soon : )

Posted by zu1967 > 2016-03-01 22:09 | Report Abuse

Agreed. Just hold. 7 cents is guaranteed. Kikikukiki

Posted by zu1967 > 2016-03-01 22:10 | Report Abuse

But am looking at 27 cents. Kakakakakaka

Posted by azera > 2016-03-01 22:54 | Report Abuse

27cents?aft consolidate maybe lah..

Posted by stupid_investor > 2016-03-01 23:21 | Report Abuse

Stop being grumpy

Posted by crazy127 > 2016-03-02 07:28 | Report Abuse

Sani,midair value 0.15

Posted by stupid_investor > 2016-03-02 09:20 | Report Abuse

target at 0.06 today

Posted by richman > 2016-03-02 09:20 | Report Abuse

coming guys wc at 2 cts

Posted by stupid_investor > 2016-03-02 09:20 | Report Abuse

accumulated enough at 0.05

Posted by azlan90 > 2016-03-02 09:26 | Report Abuse

buy buy

Posted by stupid_investor > 2016-03-02 09:27 | Report Abuse

BTW supposed to be sell sell

Posted by djibaok > 2016-03-02 09:48 | Report Abuse

wokeyh spiking spiking!!

Posted by zu1967 > 2016-03-02 10:32 | Report Abuse

.055 pun takut nak sapu kar. Nanti dah 8 cents baru nak kejar kakakaka

Posted by richman > 2016-03-02 10:38 | Report Abuse

Wc buy call timing is just right

Posted by stupid_investor > 2016-03-02 10:49 | Report Abuse

queue 0.05 pasti dapat punya.