The Board of Directors of the Company wishes to announce that there was a fire outbreak occurred this morning at Lot 6858, Jalan Matang, 34750 Matang Taiping, Perak which is the newly built three storey warehouse and packing department. The cause of the fire and actual extent of the damage are currently still unknown, pending the completion of the police investigations into the fire and issuance of their report.
The fire outbreak did not result in any death casualty and the production line is not affected. However, preliminary assessment reveals that the fire incident would not have a material impact to the financial and operations of the Company.
The Company will render their full assistance to the investigation and the Board of Directors will monitor the situation closely.
The fire outbreak did not result in any death casualty and the production line is not affected. However, preliminary assessment reveals that the fire incident would not have a material impact to the financial and operations of the Company.
Production not impacted right, and no material impact to financial and operations? Means this fire only cause lost in inventory? And I think it's covered by insurance.
I recalled Poh huat had a fire in their plant last year..investor sold off and after that stock recovered as earning showed improvement. Sell la...haha Poh huat news on 25 Aug.. price fell from 3.00 to 2.40. By early Oct it was even higher at 3.50. http://m.thesundaily.my/node/325653
EPS of Q3FY16=1.58cts along with the progressive commissioning of newly installed dip lines. Assume the eps would be repeated for the subsequent qtrs, the annual eps would be 6 cts.
dont be greedy. better to avoid this counter. Ikan billis will suffer until no bones left. wakakaka 1) directors will know early the extend of the damages and the impact to the company. 2) it is during closed period as result coming out. directoer applied to deal with their shares. Hence they will be able to sell before news is submitted to bursa. 3) most of the shares owned by directors-hence easy for them to manipulate the price. 4) syndicate caught with hugh volumes - might push and dump. wakakaaka 5) buy below 0.7 - sure win...wakakaka
If you care to read the announcement from the company on that afternoon itself, it had been clearly stated that only the newly constructed warehouse was on fire and most importantly Production Lines are NOT affected at all. Then after and even few days after , you are offered plenty of time to buy at 0.80-0.805. It is people who do not understand the biz of Comfort scare to grasp the buying opportunity. I regret that I only have limited fund collecting at 0.80.
when report out about the damages, sure drop 10sen. goods burnt , orders not being able to comply, and backlog of orders, orders cancelled...etc. but below 0.76 sure win. wakaka
Comfort will go above Rm1.00 this year. Target is RM1.20 by June. This company is run by ex-boss of Seal Polymer ...... know how to make profit for company and share holders.
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....
angku
489 posts
Posted by angku > 2016-03-04 15:03 | Report Abuse
I bought this counter not because of USD. Pohuat factory also got burned before