1) S5-ALB RTO reassured by S5 MD as published by TheEdge Weekly last weekend 13March
2) Ancom stands to gain from share issuance of ALB to S5 owners. Book value of 5 sen, issued at 10sen. 5sen premium for the listed shell.
3) CPO Price sustaining above RM4k/mt, palm oil plantations increasing spending on herbicides to squeeze maximum yield at current high CPO levels. ASP and volume of Ancom's agrochem unit continue to break new high, booking profits for a record year ahead.
Ancom's share price failed to take off last time due to perception that it was a conglomerate burdened with too many loss-making baggages. It has successfully transformed to a pure-play integrated mid-size chemical group in Malaysia, akin to a mini-lotte/CCM.
Ancom shall benefit from the continued commodity supercycle as growers worldwide order more of Ancom's agrochem to better manage larger tracts of plantations to maximize yield.
RM2 seemed impossible last year. It is now within reach, very very soon.
Nothing has changed since yesterday and today. Company on track to deliver its best ever performance since FY17/18.
What happened was some selling yesterday morning which possibly triggered more selling which leads to panic selling, as evident this morning when it touched 1.26.
When the stock moved from RM1 to RM1.50, many onlookers who missed the boat would moan that the stock already run, expensive already, missed the boat already etc. Everyone kept asking for a 'healthy retrace' or technical correction to enter.
When the correction indeed happens, would we make a calculated investment decision? Or continue to look see look see then moan again when the stock hit RM1.80 - RM2?
There have been rumours of some exciting new surprises going forward.
As a value investor it is indeed rewarding to witness the realisation of this counter's fair value, which is RM2 in the very near term, and RM2.50 to RM3 once the new active ingredients are rolled out.
KUALA LUMPUR (April 28): Ancom Bhd is offering to purchase 100% of the assets and liabilities of Nylex (M) Bhd, according to a source familiar with the plans.
"Ancom has issued a letter of offer to Nylex BOD (board of directors) offering to purchase 100% of assets and liabilities of Nylex. The consideration is a mixture of various things," a source told The Edge.
Since the counter is already suspended, no harm for "source" to share some details with journalists. News platform also need juicy content to keep you guys entertained.
Also, according to my "source", this development is part of Ancom's billion ringgit market cap strategy. Can't wait jor.... faster announce and share us the mechanism la...
RM1.50 issuance price is just a "share swap" exercise with Nylex holder for the consolidation. Ancom dilute 9% to consol balance 49% of Nylex biz, Nylex holder become Ancom holders plus existing Nylex shell.
To me is a brilliant corporate exercise to realize Nylex underlying value during turnaround, plus more importantly to realize the immense potential of Ancom to be a billion ringgit co as an integrated chemical group!!
Monday continue to huat arrrr!!!
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JustinLong
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Posted by JustinLong > 2021-03-15 21:28 | Report Abuse
ANCOM Update:
1) S5-ALB RTO reassured by S5 MD as published by TheEdge Weekly last weekend 13March
2) Ancom stands to gain from share issuance of ALB to S5 owners. Book value of 5 sen, issued at 10sen. 5sen premium for the listed shell.
3) CPO Price sustaining above RM4k/mt, palm oil plantations increasing spending on herbicides to squeeze maximum yield at current high CPO levels. ASP and volume of Ancom's agrochem unit continue to break new high, booking profits for a record year ahead.
Ancom's share price failed to take off last time due to perception that it was a conglomerate burdened with too many loss-making baggages. It has successfully transformed to a pure-play integrated mid-size chemical group in Malaysia, akin to a mini-lotte/CCM.
Ancom shall benefit from the continued commodity supercycle as growers worldwide order more of Ancom's agrochem to better manage larger tracts of plantations to maximize yield.
RM2 seemed impossible last year. It is now within reach, very very soon.