Posted by Lukesharewalker > 2020-03-12 12:18 | Report Abuse

Let it be. Its grossly oversold. Let the operator sell more

Posted by Lukesharewalker > 2020-03-12 12:29 | Report Abuse

Collect when they push it down...

Posted by Cf81 > 2020-03-12 14:54 | Report Abuse

1.09...already buy alot..lol

Posted by Lukesharewalker > 2020-03-12 17:27 | Report Abuse

Exchange 4.27

Posted by Lukesharewalker > 2020-03-12 22:44 | Report Abuse

Now the virus is spreading to an unexpected spot: furniture sellers in the United States.

“We have received notice from various manufacturers and suppliers that they are extending the ‘Chinese New Year’ [holiday] for at least one extra week to accommodate the quarantines.” said Jesús Capó, Chief Information Officer at Florida-based El Dorado Furniture. “We will run a little short on some products—but if it continues, after a while you are going to have to find products somewhere else.”

While some plants have begun reopening across the middle kingdom this week after lunar year closures were extended over fears of coronavirus, it’s still unclear how long it will take for workshops to become fully-functional as cases continue to mount.

Capó estimates of the delays in shipments could rise to a month, depending on how the virus spreads.

“We have a buffer to deal with unforeseen circumstances, but if we continue to see delays, we may not have enough stock or have to source inside the country,” says Jameson Dion, vice president of global sourcing at interiors retailer City Furniture. “We anticipate a material impact on the business—we just don’t know how bad.”

Posted by Lukesharewalker > 2020-03-13 10:28 | Report Abuse

Think the operator wants to make the warrants to be 1 or 2 cents and eat it all...Lol

Posted by Lukesharewalker > 2020-03-13 10:42 | Report Abuse

Exchange 4.29

Posted by Lukesharewalker > 2020-03-13 10:44 | Report Abuse

PE4 .8 even if the business drop 50%, it's safe zone

Posted by LIBRABOY > 2020-03-13 10:54 | Report Abuse

Its time to collect.

Posted by Lukesharewalker > 2020-03-13 10:58 | Report Abuse

Dividends yield is 7% now

Posted by Cf81 > 2020-03-13 11:03 | Report Abuse

Hmmm...thinking whether to leverage down my warrants since I'm holding

Posted by Lukesharewalker > 2020-03-13 11:36 | Report Abuse

Exchange is 4.30

Posted by Lukesharewalker > 2020-03-13 11:38 | Report Abuse

Unless it's the directors who has so many shares manipulating this, I don't think the average Joe would sell

Posted by Cf81 > 2020-03-13 12:07 | Report Abuse

How's the warrant conversion now that mothershare dropped below RM 1?

Posted by Lukesharewalker > 2020-03-13 13:36 | Report Abuse

Just imagine buying the warrants at 1 cents , you can make how many x the capital

Posted by valensi88 > 2020-03-13 14:56 | Report Abuse

Really undervalued

Posted by Lukesharewalker > 2020-03-13 16:42 | Report Abuse

Really manipulated

Posted by Cf81 > 2020-03-13 18:24 | Report Abuse

Ha...director disposed warrants today....no wonder

Posted by Lukesharewalker > 2020-03-16 16:19 | Report Abuse

Pe 4...ridiculous

Posted by Lukesharewalker > 2020-03-16 18:39 | Report Abuse

Wonder why the director is selling his own shares? Strange. Not that hes doing it in volume

Posted by Lukesharewalker > 2020-03-16 18:39 | Report Abuse

More detrimental for him isnt it?

Posted by CCCL > 2020-03-16 19:54 | Report Abuse

Maybe he needs some cash to buy masks and other essentials during lockdown!

Posted by Lukesharewalker > 2020-03-16 20:51 | Report Abuse

Bnm is targeting Rm exchange at 4.20 for 2020. Does that worse is to come for the ringgit?

Posted by Lukesharewalker > 2020-03-16 20:52 | Report Abuse

Mean

Posted by Lukesharewalker > 2020-03-16 20:54 | Report Abuse

Exchange is 4.31

Posted by Lukesharewalker > 2020-03-16 20:57 | Report Abuse

Heading towards 4.40 with the oil crash

Posted by sell > 2020-03-16 21:25 | Report Abuse

Bankrupt soon?

Posted by Robinson > 2020-03-16 21:26 | Report Abuse

股灾 already ... still hold stock ? lol.

Posted by sell > 2020-03-16 21:26 | Report Abuse

16-Mar-2020 Insider TAY KHIM SENG (a company director) disposed 140,000 shares at 0.995 on 13-Mar-2020.
16-Mar-2020 Insider TAY KHIM SENG (a company director) disposed 112,500 shares at 0.980 on 16-Mar-2020.

Posted by sell > 2020-03-16 21:26 | Report Abuse

99.5 he sold so is today 88?

Posted by gemfinder > 2020-03-16 21:28 | Report Abuse

Those keep acumulating good luck

Posted by Lukesharewalker > 2020-03-17 00:20 | Report Abuse

Hes not the major shareholder....brother of but irrational behaviour

Posted by Lukesharewalker > 2020-03-17 11:13 | Report Abuse

He lowered the price of his entire portfolio so that he can short a couple hundred units?

Posted by Cf81 > 2020-03-17 11:14 | Report Abuse

Homeriz is getting trashed as well....is export that much affected compared to other industries?

Posted by enigmatic ¯\_(ツ)_/¯ > 2020-03-17 11:19 | Report Abuse

My guess is that since some US cities are in lockdown, people there can't go out & buy furniture from Pohuat. Pohuat exports furniture to US, kan? Export stocks used to rocket when USD1 = >RM4

But I think furniture exports stocks are pretty solid for long-term investing, judging by their battered prices now. Perhaps market sentiment is bad, as the market crash coupled with director disposing his shares spooks investors.

Posted by Lukesharewalker > 2020-03-17 11:25 | Report Abuse

Maybe for 1 quarter perhaps. But I believe the safety margin is high as its circa pe 3 to 4. I dont think 2020 will be a year of loss. Besides they have 133 mil cash that's 53 cents cash....only 12 mil debt

Posted by Lukesharewalker > 2020-03-17 11:27 | Report Abuse

When they reach debt free status, it's almost a perfect company to have....

Posted by Lukesharewalker > 2020-03-17 11:32 | Report Abuse

Exchange is 4.32

Posted by GLNT > 2020-03-17 14:45 | Report Abuse

Tay the scared director still selling I guess. Please let him sell everything below 0.80. Thanks

Posted by GLNT > 2020-03-17 15:06 | Report Abuse

Everyone don't bid up the price. Please buy below 0.80. Let Director Tay panic and sell down. He still has 3 million shares to sell.

Posted by GLNT > 2020-03-17 15:13 | Report Abuse

Lii Hen boss keeps on buying his own shares. Poh Huat director keeps selling.

Posted by Lukesharewalker > 2020-03-17 15:36 | Report Abuse

Operator plan to make warrants 0.5 cents did work. See how much more he wants to drive it down. RSI at the barest minimum. Rebound would be strong

Posted by Lukesharewalker > 2020-03-17 15:37 | Report Abuse

Did not work

Posted by Lukesharewalker > 2020-03-17 17:49 | Report Abuse

Exchange is 4.35

Posted by cherry88 > 2020-03-18 09:32 | Report Abuse

I agreed with Enigmatic. I believe the recent sell-down was due to the margin call. Once the margin call was over, price will normalized. Let's flip through the latest annual report showing the top30 shareholding list at 23/1. The major directors' shareholding are still Tay Khim Huat, Lim Pei tiam and Toh Kim Chong, together with the Pangolin fund, EPF and Public Mutual fund, will account 50%. You may also notice another shareholder call Chiew Cheng Siew who accounts 7.26mil shares or 3.15%. Most importantly, his shares are pledged as I assume are under margin account. I am afraid his shares are subject to the margin call (Sorry, Mr Chiew, I may be wrong. I merely guess from the listing). The director - Tay Khim Seng's shares are pledged under the Alliance Group may be under margin too for a total of 1.298 mil shares. (Sorry, Mr Tay, I could be wrong. I merely guess) He has sold 428 mil or 1/3 of this holdings. Once these 2 guys stop the margin call, share will rebound given the recent strengthening of USD toward 4.35. History tell once the USD strengthen to 4.20, most export companies will report huge exchange gain (hopefully to offset the weakening sales in US market). So, I still favour to focus on export stocks.

Posted by CCCL > 2020-03-18 10:17 | Report Abuse

Fully support Cherry88 commentary. Huat Ah !

Posted by Cf81 > 2020-03-18 15:52 | Report Abuse

Someone converted warrant at RM 1....why ar

Posted by Lukesharewalker > 2020-03-18 15:58 | Report Abuse

The bear is getting tired

Posted by Cf81 > 2020-03-18 16:43 | Report Abuse

Dilute?

Posted by Lukesharewalker > 2020-03-18 17:05 | Report Abuse

It's not dropping by such a large margin. QR might be late due to the lock down