Poor or good management when palm oil price spike at high? Last time when Glove price ASP @ high those not efficient management company also earning big. And its share price also shoot up from 0.30 to 5.80. U still remember which counter?
TDM has 44,247 Ha of fully planted oil palm plantation and based on Rm 70,000 per Ha, which has an open market value of Rm 3,100,000,000.
TDM has 5 private hospitals. Based on an average cost of Rm 100 million per hospital, TDM’s 5 hospitals has an open market value of Rm 500 million.
TDM has Rm 54,685,000 loan and 216 million trade payable Rm, total debt Rm 270 million.
TDM net asset value is Rm 3100 million from plantation + Rm 500 million from the 5 hospitals – Rm 270 million debt = Rm 3,330 million.
Total number of issued shares is 1,725 million. Net assets value Rm 3,330 million divided by 1,725 shares = Rm 1.93 per share. The last traded price is 31 sen and its NTA is Rm 1.93.
Oil prices are hitting all-time highs worldwide, creating long lines and panic buying. If that reads like an old story, consider this: we're not talking about fuel oil here. We're talking about food oil, and sunflower oil and palm oil in particular.
In the case of sunflower oil, it's because of a sharp decrease in supply due to the war in Ukraine. Russia and Ukraine together accounted for 75 percent of sunflower oil production before the war began, with Ukraine the world's largest exporter. With harvests in Ukraine stalled , and sanctions in place against Russian firms, production and exports have slumped: exports from Ukraine are down 95 percent since the invasion, and if the war grinds on, Ukrainian farmers risk missing their harvesting and planting windows.
The sunflower oil shortage has hit some Western countries particularly hard. Sunflower oil is one of the most popular cooking oils in Germany and the UK, both of which love their deep-fried foods and value (or valued) sunflower oil for its relatively low price point and comparatively high smoke point. The shortage has created runs on sunflower oil in both countries, with grocery stores rationing sales after shelves were cleared of all supplies, and some restaurants in Germany taking fries off the menu.
TDM an undervalued company with good portfolios - Plantations, Health. But then managed by incompetent management team. If TDM is reading this ......they should resign en masse.
Management is worst than some administrative officers of government department...simply incompetent!!! If they can show steady improvement Q on Q for 4 quarters... I will cut my index finger.
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....
bulldog
12,157 posts
Posted by bulldog > 2022-04-11 16:42 | Report Abuse
Accumulation in progress
Huat chaiii