you guys know why that loser sxckperformer has been so quiet recently?
i just checked his status:
Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 31/03/2017. Please refer to the Terms and Conditions of Use and Community Standards of this portal.
Starperformer open bottle to celebrate la seeing Evergrn price today 0.835, thank god Dolly he asked me to inform you luckily like you mentioned he is banned from this Evergrn forum or else you will get his humiliation to the max. Long term short term near term investment = Evergrn Dust2dust Ashes2ashes.
haha... i wonder why there are so many ppl who care so much about short term downtrend movement... if you understand the company's fundamentals well, you will not worry about all these temporary fluctuations..
No worry, thr should be suport on 80c. up and down in share is common. u need to catch the weak point and average and if u r not confident just cut lost. Alwys cut los around 8% loses of each share type.
Hi Raider... frankly speaking, I am not very sure whether the particle board and new RTA lines have started operation. But from what I derived from the 2016 annual report and latest quarterly report, I believe the particleboard has started operation since late 2016 and the new RTA lines are being setup in the progress/started some initial small volumes.
See 2016 annual report page 17:
Our Particle Board plant remained idle since 2013 and is currently being upgraded in preparation for startup end of 2016
On Our Business Strategy In 2015, the Group embarked on a Cost Rationalisation Strategy that encompasses improvement to operational efficiency, automation in order to reduce manpower and disposal of non-core / non-performing assets. Hence the capital expenditure in the Group for 2015 ~2016 is expected to be higher than previous years due to the machineries improvements and refurbishment being carried out in this period. Capital expenditure will normalize in 2017 after the completion of our upgrading, automation and relocation projects. On a longer term Strategy, the Group will be focusing on increasing its production volume for its Ready To Assemble (RTA) Furniture Products as this will enable us to have a wider range of premium products that is able to fetch a higher profit margin on its designs and quality.
bear in mind that during the initial start-up stage, higher operation cost is expected.. this is also stated in their latest quarterly report:
the Group expects a soft start to 2017 but expects improvements as the year progresses with the coming online of the Group’s major projects.
so I would expect the particleboard + the new RTA lines will be fully commissioned by Q3 or Q4 of 2017.
A few things to note: 1) Evergreen already have existing RTA line (though only producing around 5% of total revenue). So they have experience in this area and it is not a new thing to them. It won't require a long period of time as learning curve for them.
2) they purchased new machineries for advanced particleboard which can churn out thinner and higher grade particleboard, that can sell at better margin. The management had mentioned before that there is no/very few existing particleboard players in the market who can produce such grade of particleboard.. so it is for a niche market with better profit margin
therefore like what i mentioned before, do not expect a quick improvement by Q1 or Q2 2017.. as the new operations will likely to contribute more significantly by end of this year...
so for short-term traders, this share may not suit you..
but for value investors, this is the right one for you.
you are welcome Raider... Forum is a place where we share real info among each others (unlike some joker/loser who keeps manipulating info and misleading ppl)
yeah, Raider.. no worry... i do feel that in 2nd half of 2017, their results will improve significantly... I have mentioned this very very long time before, even before the release of their latest report... it seems that what I forecast is quite close to what the management just announced. so no worry, just wait and see...
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....
Skliew
1,201 posts
Posted by Skliew > 2017-03-28 05:05 | Report Abuse
Stockholder sifu, why didn't see you in FLB forum recently?