Ladies and gentlemen, Fart2 is now a proven con and troll!
But the market will likely react negatively due to emotions even though the hair-cut was already factored in due to the recent drop in price.
Please note: The payment of RM750M is an addition to KPS's current assets which, at RM474 million, already more than offset current liabilities of RM367M. So the expectation of special dividend is still justified!
The write-off of RM274M from the Splash sale is just a book entry against accumulated retained earnings. There is no cash out-flow involved.
The core revenue, profits and profit margins of KPS has vastly improved from the corresponding period last year and is a continuing trend first noted in the preceding quarter.
Also of significance, the gross profit margin (22.7%) is a small but important improvement from the previous quarter (21.1%) and indicates that efficiency is being maintained.
Typo error. I mean to post: KPS's total secured borrowings at RM581M is MORE than as at 30th June 2018 of RM636M and slightly less than as at 31st Mar 2018 of RM575M.
Upsidedown119: Hahaha. I didnt misled anyone. Sell call has been given since 1.96++. If u borrow money to expand ur business, u will expose to high risk. Impairment will occur once ur business is not doing well. Ur argument does not make sense at all. U still need to pay ur debt whether u make a profit or loss. Every risk (liabilities) should be taken into consideration when u invest in any stock. No excuse should be given to urself. KPS's revenue up 100% but it cant contribute any profit. Amortization and depreciation is higher than the profit? Is this situation good for investor? Theoretically Revenue up means profit up.....I prefer to have higher percentage of profit rather than revenue. High revenue with no profit meas BA ZHOU!
Associate only made 266 million loss. But the group reported 272 million loss. 6 Million extra loss from current operation. This shown tat kps is making loss without splash. If u check the previous report. U will realize Kps making profit because of Splash
Upsidedown119: We no need to argue who is wrong and right. Price will tell everything. If the price down, Just average it. It is good for u to buy a good company at cheaper price.
I just share my opinion. My opinion might be different from u. Targetinvest, jjchan, datokim gave a buy call at 1.95++ previously, but i gave a sell call. So all people have their own opinion.
@rogers123. This is a forum where investors contribute info and opinions that adds value. If you want to fart or polish your ego, please go somewhere else!
Typo error again. I meant to post: KPS's total secured borrowings at RM581M is LESS than as at 30th June 2018 of RM636M and slightly MORE than as at 31st Mar 2018 of RM575M.
everyone makes a good call or bad call sometimes. Jaks from 1.80 to .50 sen and roger says very happy. I think he would be more happy if it's 20 sen. Live and let live, no need hentam JJchan and others. We are matured investors and don't blame each other lah....
pls don't underestimate goodwill u can see how kingkoil collect the royalty from around the world kps bought kingkoil because of its brand sometimes brand itself is far more valuable than cash. i prefer to choose cola-cola(brand)than the cash inside the cola-cola com.
intangible assets incurred when kps bought a company higher than nta of the com itself(ex cpi ). who want to sell the good company to u if u did not pay higher premium to them. pls forget the past and try very hard yourself to capture the future value of the company
manufacturing seg 50m trading 12m licensing 8m i & u sprint -1m kpshcm& smartpipe ? mira gas 12m investment holding ? dividend received from subsidiary propperty court case & new rental from kl hotel finance cost almost 40m per year total debt 581216 - 6.8% financing 121m/537385 share
eps 22sen nta2.08 2 landed property and menara kps not been revalued since acquacition date the future eps will depend how the manaement utilize their money from splash sale actually good job done by the management so far **this is just my forecast only !!
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Posted by keyin > 2018-11-29 23:31 | Report Abuse
Jump water and big drop