Tongher should have generated more interest by now.. Past one month activities included SBB and Directors' purchase... Something brewing quietly under the radar?
Nowadays, Tongherr just like sitting there & collect $$ as all the major investment for plant expansion & Vietnam last 2 years.
You may refer to FCF $76,276 (Q4'14) / 60 cents per share.
If they really to distribute to shareholder, there is great potential. Based on current dividend trend (1st time distribute interim dividend in last year), they are start to distribute $$.
Ini lagi satu kaunter yang aku simpan lebih satu tahun, tak jalan2. Apa yang meletup? Semua pinjaman dalam US dollar, tak pasal2 kena bayar 15% dari nilai pinjaman akibat Ringgit merundum tahun ini.
Average grow per year from 2010 (purchase of aluminium extrusion plant) to 2014 Revenue: 15.8% EBIT: 10.7% Profit for sh: 4.7 % Total Asset: 7.3% Share cap: 0% Inventory: 9.7% Payable: 5.4% Receivable: 2.6% Debt: 10.4% Equity: 4.2% Cash: 16.8%
I am referring to to the Cash Flow Statement. Instead of net cash used in "investing activities", it should be net cash used in "financing activities" i.e. RM41.515 million
What is wrong with Tongherr? Profit drops so much in the latest quarter; something is not right and Tongherr's products are not finding it difficult to sell, thus foreign exchange gain is tantamount to zero. We would be pleased if anyone can enlighten us whether to sell or to hold if you bought at RM2.16? Please help Icon 8888!
If you refer to the annual report, Tong Her has high amount of USD borrowings. Also their losses this quarter I think was caused by heavy losses of the associate in Vietnam.
Revenue up 7% qtq. Profit down was contributed by 1) associated loss 4.0 mil (non-cash item); 2) forex loss at 1.7 mil (non-cash item), 3) not sure why other income has become other loss, differences about 1.3 mil. If took out all the above, Tongher could register a profit of around 7 mil. only about a million less as compared to the corresponding quarter in the preceding year. In fact, Tongher did quite well in fact considering that the average nickel price has down more than 18%, since Q1.
The performance of this company is highly connected to the price of Nickel over the past 10 years.
When the Nickel price went up, the cost of materials in hand had become cheaper & at the same time the Company could increase the selling price of the products, thus making better profits during the boom time of Nickel.
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....
AyamTua
13,598 posts
Posted by AyamTua > 2015-02-12 13:35 |
Post removed.Why?