Posted by keyin > 2018-11-29 23:31 | Report Abuse

Jump water and big drop

Posted by upsidedown119 > 2018-11-29 23:39 | Report Abuse

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.

Posted by upsidedown119 > 2018-11-29 23:46 | Report Abuse

@Clearsky. I concur with you.

Posted by Clearsky > 2018-11-29 23:52 | Report Abuse

This is a warren buffet kind of stock. Smart people will invest heavily during an emotional price gap down like this lol.

Posted by upsidedown119 > 2018-11-30 00:04 | Report Abuse

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.

Posted by rogers123 > 2018-11-30 00:18 | Report Abuse

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!

Posted by rogers123 > 2018-11-30 00:21 | Report Abuse

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

Posted by rogers123 > 2018-11-30 00:23 | Report Abuse

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.

Posted by rogers123 > 2018-11-30 00:28 | Report Abuse

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.

Posted by rogers123 > 2018-11-30 00:31 | Report Abuse

Clearsky: Plz use ur real nick. ""Revenue increased by 79% and EBIDTA increased by 250%." <-- Good job man

Posted by upsidedown119 > 2018-11-30 00:54 | Report Abuse

@rogers123. Please fart off!

Posted by i3Value > 2018-11-30 01:12 | Report Abuse

Current quarter explained. And good prospect moving forward.

http://www.theedgemarkets.com/article/kps-red-due-oneoff-share-loss-associate-splash-holdings

Posted by upsidedown119 > 2018-11-30 01:23 | Report Abuse

Ladies and gentlemen. Fart2 does not know how to read accounts well.

The group recorded profits from operations before tax of RM10.7M.

This is a solid improvement from both the preceding qtr (RM7.2M) and previous year's corresponding qtr (loss: RM1.5M).

The haircut from the sale of Splash is RM267M. Fart2 added in income tax and zakat of RM7M.

Income tax and zakat are not 'loss' from sale of Splash. They are paid out of profits.

Posted by upsidedown119 > 2018-11-30 01:53 | Report Abuse

@i3Value. The edge article has several important factual errors! But the good future prospect going forward is correct.

Posted by thor85 > 2018-11-30 08:27 | Report Abuse

Jjchan previously said kps have made a provision on quarterly basis for loss of splash sale same like taliwork.

Posted by rogers123 > 2018-11-30 09:00 | Report Abuse

JJchan: U still alive ar? Bought from 1.95++. Still can survive, really great la. Mortal combat

Posted by lech001 > 2018-11-30 09:09 | Report Abuse

where is the special dividend ??

Posted by upsidedown119 > 2018-11-30 09:17 | Report Abuse

Special dividend likely to come next quarter when payment is received.

Posted by upsidedown119 > 2018-11-30 09:19 | Report Abuse

@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!

Posted by upsidedown119 > 2018-11-30 09:21 | Report Abuse

At least Fart1 admits mistake. Fart2 can make no mistake.

Posted by upsidedown119 > 2018-11-30 09:40 | Report Abuse

Selling seems to have stopped at RM1.23.

Posted by upsidedown119 > 2018-11-30 09:51 | Report Abuse

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.

Posted by cocqueen > 2018-11-30 10:20 | Report Abuse

it,s time to buy

Posted by firehawk > 2018-11-30 10:21 | Report Abuse

should announce special dividend now to boost the price ....

Posted by cocqueen > 2018-11-30 10:22 | Report Abuse

no mention at all abt any dividend..

Posted by cocqueen > 2018-11-30 10:23 | Report Abuse

well , technically speaking they cant ann any div as funds are held in trust..

Posted by upsidedown119 > 2018-11-30 10:29 | Report Abuse

Should see the bottom after today's usual 'Friday cheap sale'.

Posted by Invest_168 > 2018-11-30 10:32 | Report Abuse

It's not real losing money...why got cheap sale here..:)

Posted by Invest_168 > 2018-11-30 10:46 | Report Abuse

It own by state Selangor, very strong backbone behind!

Posted by upsidedown119 > 2018-11-30 11:03 | Report Abuse

Friday is when those short termers on T+3 have to dump their shares.

Posted by goodguess > 2018-11-30 13:02 | Report Abuse

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....

Posted by cocqueen > 2018-11-30 13:57 | Report Abuse

ya...moral of the story...dont try to be smart!!..u cant outsmart the mkt...

Posted by cocqueen > 2018-11-30 15:09 | Report Abuse

someone is buying loads of kps...lots !

Posted by cocqueen > 2018-11-30 16:19 | Report Abuse

bought 1.23

Posted by PenguinDad > 2018-11-30 18:54 | Report Abuse

nobody see the 20mil for nine years n pipe replacement.

Posted by rogers123 > 2018-12-01 19:34 | Report Abuse

I am the one who supported at 1.23-1.24. Hahaha

Posted by rogers123 > 2018-12-01 19:34 | Report Abuse

Now i am buying for the dividend. Bought cheaper than jjchan. Lalalala

Posted by rogers123 > 2018-12-01 19:35 | Report Abuse

No heavy dumping now....

Posted by rogers123 > 2018-12-01 19:37 | Report Abuse

I bought kps lower price than anyone here. wahahaha

Posted by rogers123 > 2018-12-01 19:37 | Report Abuse

Kps NTA i think is less than 1.30 after minus Goodwill and Intangible assets. But i bought it for 0.52 dividend.

Posted by rogers123 > 2018-12-01 19:37 | Report Abuse

JJchan: Not averaging now?

Posted by rogers123 > 2018-12-01 19:39 | Report Abuse

Tell u something... When i bought kps from 1.23, i can feel tat there is no heavy selling pressure.

Posted by lbkeat > 2018-12-01 20:13 | Report Abuse

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.

Posted by lbkeat > 2018-12-01 20:18 | Report Abuse

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

Posted by lbkeat > 2018-12-01 20:20 | Report Abuse

i agree with jjchan because seems he know the future of the company

Posted by lbkeat > 2018-12-02 13:09 | Report Abuse

my forecast for kps 2019

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 !!

Posted by Invest_168 > 2018-12-02 21:37 | Report Abuse

Talk so much also useless, buy before too late as the discount price still available.

Posted by Invest_168 > 2018-12-02 21:40 | Report Abuse

How much KPS will get after sold SPLASH? When you think about the money it will receive later, you will know why it's value buy now.

Posted by thenextwave > 2018-12-03 05:59 | Report Abuse

Kps will start making loss without splash.
Means the share price continue heading to 90 cents

Posted by Ron90 > 2018-12-03 09:52 | Report Abuse

wait wait wait ..