( bulldog Qsell 1 block at 30 ) While its true no one gets bankrupt from taking profit but then again stock market is a device for transferring money from the impatient to the patient. I will patiently wait for more than 100%+ returns from this investment.
Next week bargain hunting since most of fund manager on holiday......but maybe abit tough to get 25 level position......27 maybe can q If haze become worst , the palm oil will rally soon....good luck tdm.... fasten your seat belt...ka-boooom
From the recent report, it showed TDM is having loses of RM7mil+.
Just look at the report page #6 (Last bottom line). Net cash flows generated from operating activities = RM24.8mil
Page #7, Net cash flows used in investing activities = RM24.709mil.
It is obvious that TDM is making money from the daily operation around RM24.8mil. The 7mil loses is only paper loses that will not cause cash deplete (due to depreciation and etc). Depreciation = Rm 22.286mil, Amortisation of bearer plant = Rm6.484mil. Both of these "write-off" already more than the 7mil lose on the paper.
and RM24.709mil is used for investing activities which included buying a new plant/equipment and replant the new tree (I guess).
So, my call is, buy all you can when it show any weakness on this counter. Once the company settle down with all the replan/reorg, then the up coming quarter report will be excellent.
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Posted by noorgreen > 2018-08-14 15:21 | Report Abuse
received my div today.