Comfort definitely need fund for expansion in CY2018 and the following years just like what TopGlove did few years after listing. There are 3 possibilities way to get extra fund:
[a] Bonus issue + warrant [b] Right issue + bonus issue (share + warrant). [c] 10% of Private place.
This is bcoz operating cashflow is insufficient to support the quick expansion and they need to do it quickly before TopGlove, Kossan, Harta n Supermax expansion completed in 2018-2020 period of time to capture more market share.
Comfort definitely is on expansion mode. Your suggestions is definitely correct. Like riko says I am not knowledgeable but I know when to buy and make money. That's all that matters. Believe me when I say Comfort will definitely go higher next year.
with almost no borrowing , only "right issue" is very not likely. not sure why still got someone claim insider .... i3 = no insider , insider no need to be here.
talk 3 talk 4 only make comfort price ridiculous. ( need many thanks to bai bai )
The Edge " For the financial year ended Oct 31, 2016 (FY16), Terang Nusa reported a net loss of RM27 million, compared to a net profit of RM4.81 million in FY15. Revenue fell 3.5% to RM227.64 million."
COMFORT (Not Rated). COMFORT rallied an astonishing 12.5 sen (12.8%) yesterday, closing at RM1.10. This was accompanied by exceptionally high trading volumes of 36.6m shares – more than 7x its 20-day average of 4.7m shares. More importantly, yesterday’s move could potentially signal a continuation of a prior uptrend, which lasted from May to Aug, after a 2-month long period of sideways consolidation. Likewise, with key SMAs forming a “golden-cross”, coupled with upticks in key SMAs, we reckon that the balance of evidence favours a continued move upwards at this juncture. From here, expect some overhead resistances at RM1.15 (R1) and RM1.19 (R2), while downside supports can be identified at RM0.97 (S1) and RM0.91 (S2).
The board of directors of the Company (“Board”) is constantly evaluating merger and acquisition opportunities as part of its business expansion strategy. The Board, however, wishes to clarify that Top Glove is not acquiring/buying Adventa Berhad or Supermax Corporation Berhad. Nonetheless, Top Glove is currently in negotiations to acquire a glove manufacturer (“Proposed Transaction”), the terms and conditions of which have not been finalised at this juncture
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!
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....
Leklek888
8 posts
Posted by Leklek888 > 2017-10-23 20:46 | Report Abuse
talk 3 talk 4 talk east talk west, tomorrow share price still up up up !!!