This article first appeared in The Edge Financial Daily, on February 7, 2017.
Evergreen Fibreboard Bhd (-ve)
SHARES in Evergreen Fibreboard Bhd (fundamental: 1.8/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the first time since June 2015.
The counter closed down half a sen or 0.51% at 98.5 sen, with 4.52 million shares traded, compared with its 200-day average volume of 3.36 million shares.
The particle board manufacturer’s net profit tumbled 38.8% to RM16.88 million in the third quarter ended Sept 30, 2016 from RM27.59 million a year ago, on lower average selling price of the group’s products.
The group said its quarterly profit was also affected by higher operating expenses, which mainly consisted of lower foreign exchange gain and impairment of goodwill.
Evergreen Fibreboard is currently trading at 0.77 times its book value, and has a market capitalisation of RM837.54 million.
The stock currently has a 12-months price-earnings ratio of 11.17 times.
Good morning! LOL where is Evergreen's stock price compared to Hevea leh? Not stockraider ALWAYS sings that LET THE PRICE SPEAKS meh??? SPOKEN LOH! LOL
This year Evergreen will give NO DIVIDENDS loh. Not enough cash to do so many things so how to give leh? Meh halted dividends payout since 2013 meh? Check mah. This year if Evergreen wants to continue some and do the rest of the following:
1) CAPEX averagely RM 30m annually 2) Give out dividends to retain long-term investors/shareholders? Not enough cash. 3) Restarting particleboard segment 4) Starting RTA
Judging on the balance sheets and MASSIVE DEBTS RM 205,257,000, the fund-raising exercise is unavoidable mah. Wait for the ANNOUNCEMENT whether they choose:
1) Private placements 2) Rights issues 3) Bank borrowings
Option 1 and 2 will have SHAREHOLDINGS DILUTION effect. Either ways, share price will SINK FURTHER.
Why Hevea's PROFIT MARGINS keep climbing so high when it started on CAPEX since 2012?
HEVEA 2012: 4.1% (Hevea's RTA segment started operation in early of 2012) 2013: 5.7% (Continuation of CAPEX throughout the year for more automation for RTA) 2014: 7.2% 2015: 14.7% 2016: 14.9%
Mr. massive debts/ insider selling/ Privates placements / Right issues / Bank borrowings? All also never materialize, really talk nonsense from starperformer, the more you say the more people will not trust you and have faith and confident in Evergreen. Thanks for all your ugly behaviors.
haha... joker sxckperformer.... why when the price goes up.. u didn't say : wow, it is going up.. price up is a reflection of its good fundamentals?
when price is temporarily down, u jumped out like a sissy and said: see, price is down - a reflection of its bad fundamentals?
wtf.. why u so double standard one?
let me tell u what... short term fluctuation (up or down) is not importatn... we true investors aim for long term for read gain when it realizes its full value...
guys.... i think Evergreen report may cause some confusion to new investors.. why?
in 2015, there was bonus issue.. so before the bonus issue.. 12 month ended total outstanding shares is 517,356,000... net profit was RM90,904,000... so EPS was 17.57...
but in 2016, due to increase of shares to 827,153,000, even though net profit drop a bit to 71,441... the EPS shows a drop of almost 50% to 8.64... if ppl simply look at EPS of two years to compare.. they may not understand what is really going on...
so Evergreen should adjust 2015 EPS (with a note of *) with the current share values (i saw some listed companies do that way)....
see.. i also pointed what evergreen can do better... not like some idixt... super biased and manipulated info....
Evergreen5101, I told u don't charge ur properties to banks loh. Now u lose so much contracts. Going to fall back down loh. Why u so stupid buy again today?
evergreen5101.. no need challenge sxckperformer to come out to meet 1:1... u think this pondan aka sissy will take up ur challenge?
he has no bxlls.... me and raider challenged him many times he still pretended he did not see it and still talk cxck....
even if he said : ok, lets come out and meet... he will still "aeroplane" you la... u think he dare to come out?
if yes, i will challenge him to meet up... then i get 2 witnesses then i open up laptop, show him my portfolio +ve return on evergreen... see whether real or not..
if real, he jumps off a building in front of us... if not real, i jump...
u think this no-balls idixot dares to take up challenge?
he is only good at falsely accusing ppl, manipulating info...
IF U ARE MAKING A LOT OF UNREALIZED GAINS IN UR PORTFOLIO, ONE DOESN'T NEED TO SHOW TO PROVE. MEANING IT IS "NEVER" REAL AND JUST "BRAGGING" TO UPHOLD RETAILERS TO BELIEVE IN EVERGREEN.
Evergreen is already DEGRADING in many aspects. Why fight against the tide of change? I will show u more. Wait.
One very SIMPLE LOGIC is that if an investor wants to hold the company's shares for LONG-TERM, the company must at least able to give out DIVIDENDS but what does EVERGREEN gives to shareholders? NO DIVIDENDS. How to hold its shares for long-term? All famous investors also hold shares of companies that pay at least dividends and it doesn't have to be generous mah.
This just encourages REAL LONG-TERM INVESTORS to DUMP its shares. U think why it is TRENDING DOWN? No point u accumulate the shares.
LOL Dolly keeps barking that I'm loser? I don't have to brag like many such losers in here. Only Dolly and team suffered so much losses that each ID keep attacking me loh.
U see the following dividends history of EVERGREEN:
FY05: 33 sen FY06: 5 sen FY07: 7 sen FY08: NONE FY09: 4 sen FY10: 5.5 sen FY11: 1.5 sen FY12: 1 sen FY13: NONE FY14: NONE FY15: 1 sen FY16: NONE. Only Bonus Issue 1:2
With the MASSIVE BORROWINGS and INSUFFICIENT CASH, this NET DEBTS company is CLEARLY UNABLE TO GIVE OUT DIVIDENDS. So how does it keep or RETAIN its Existing Shareholders or Investors leh?
Cash - Total borrowings = (-44,949,000) Cash - Total liabilities = (-227,719,000)
EVERGREEN is a TOTAL "NET DEBTS" company!! It earns only averagely RM 17.86m of Net Profits per quarter. So how does it abole to do so many things like the following leh:
1) CAPEX averagely RM 30m annually 2) Give out dividends to retain long-term investors/shareholders? Not enough cash. 3) Restarting particleboard segment 4) Starting RTA
If it doesn't work out to be better, shareholders and investors will dump its share to as low as RM 0.62-0.60 easily when history repeats itself again.
U look at the Monthly chart, it has gone up so much 400% from RM 0.40 to peak RM 1.60...still not enough? Still want to gamble? A non-dividend paying stock after goreng up by punters will just be dumped.
Ya lah....pondan fellow...where got Evergreen massive Debts leh.....!
Evergreen earns only RM 17.86m per qtr but with RM 205.257m of debt borrowings. Now buys subsidiary to do RTA. Current payables amounting RM 149.521m also have to pay so where got money to pay so many things?
RAIDER SAYS...IF EVERGREEN EARN RM 17.86M PER QTR....PER ANNUM MEANS X 4 LOH = RM 71.44M PER YEAR....!!
THIS MEANS....THE RETURN ON MONIES BORROWED IS RM 71.44M DIVIDE BY RM 206M DEBTS LOH = 35% RETURN PA....VERY EFFICIENT ON DEBTS LOH..!! COST OF DEBTS ONLY 6% PA
THIS NOT COUNT THE RM 160m CASH EVERGREEN IS HOLDING AS AT 31-12-2016 LOH......!!
SO HOW COULD EVERGREEN BANKRUPT BCOS OF ITS MASSIVE DEBTS AS STAR CLAIMED LEH ??
THATS WHY RAIDER & GANG BUY....BUY...BUY LOH.....!!
STILL ACCUMULATING LOH....!! BIG MARGIN OF SAFETY MAH....!!
Why u BOTH so nervous? I tell u so u don't go in blindly. Later u suicide too late. U must have lost a lot of money in the stock market elsewhere or here. Unrealized paper losses. Where got gains?
Stockraider revealed to everybody yesterday:
Mar 7, 2017 05:02 PM | Report Abuse
Latest update on evergreen
3.22M units @Rm 0.9356 Rm 3.0125m Buy another 250K @ Rm 0.87 Rm 0.2175M
U see the following dividends history of EVERGREEN:
FY05: 33 sen FY06: 5 sen FY07: 7 sen FY08: NONE FY09: 4 sen FY10: 5.5 sen FY11: 1.5 sen FY12: 1 sen FY13: NONE FY14: NONE FY15: 1 sen FY16: NONE. Only Bonus Issue 1:2
With the MASSIVE BORROWINGS and INSUFFICIENT CASH, this NET DEBTS company is CLEARLY UNABLE TO GIVE OUT DIVIDENDS. So how does it keep or RETAIN its Existing Shareholders or Investors leh?
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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....
starperformer
1,443 posts
Posted by starperformer > 2017-03-09 08:32 | Report Abuse
This article first appeared in The Edge Financial Daily, on February 7, 2017.
Evergreen Fibreboard Bhd (-ve)
SHARES in Evergreen Fibreboard Bhd (fundamental: 1.8/3, valuation: 1.4/3) triggered our momentum algorithm yesterday for the first time since June 2015.
The counter closed down half a sen or 0.51% at 98.5 sen, with 4.52 million shares traded, compared with its 200-day average volume of 3.36 million shares.
The particle board manufacturer’s net profit tumbled 38.8% to RM16.88 million in the third quarter ended Sept 30, 2016 from RM27.59 million a year ago, on lower average selling price of the group’s products.
The group said its quarterly profit was also affected by higher operating expenses, which mainly consisted of lower foreign exchange gain and impairment of goodwill.
Evergreen Fibreboard is currently trading at 0.77 times its book value, and has a market capitalisation of RM837.54 million.
The stock currently has a 12-months price-earnings ratio of 11.17 times.
http://www.theedgemarkets.com/my/article/stock-momentum-evergreen-fibreboard