To me not the concern for export. As long as still log produce and FMU5 still ongoing. According to the report, demand easy absorbed by the local market.
hmm.. does not look good if RH has disposed of 10% of his holdings and not much news coming from the company itself. Question is who is moping up the shares?
What I saw was the production line is bad for July and August. If September production is 0, then gg. The downside is huge. Thatz why main share holder dispose some.
In accordance with Paragraph 9.36 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Priceworth International Berhad wishes to announce that the Group's log production volume for the month of September 2018 was nil m3 (Aug 2018: nil m3).
As stated in previous announcements, the Group’s logging operations were temporarily affected by the widely reported verifications by authorities. Despite the adverse effects from such temporary interruptions, we have complied with the authorities' requests as our operations are in accordance to the relevant laws, policies and practices.
The authorities have verified our operations in early September 2018. As such, although there is no logs production in September 2018, the Group believes it will be most beneficial to the Group in the long run as the verifications will provide the assurance that our harvesting operations are in full compliance with the laws, policies and practices of the Sabah Forestry Department (“SFD”). In addition, all royalties due have been duly paid to the relevant authorities.
Following the site inspections over the last quarter, we received a fine amounting to RM15,000 on 3 pieces of logs out of 549 pieces of logs related to cutting size limit located in our Sinora processing plant. The fine has been paid and the said logs have been released. This will enable the resumption of our operations in our Sinora processing plant.
this is expected since the logging activities are stopped by the authority for verification ,nothing to shout about
coming QR most likely will be negative
but this is just temporary as mentioned in the report , like plant shut down for maintenance in other industries, why take it as if the sky going to collapse .
one good news will makes the buyers to rush in to chase the price sky high
what are the good news ?
please refer to my previous posts if you are interested.
Every month also expected... y the good news of resumption of logging activities never come??? Wait 12 mths for good news then can go europe travel... every month ppl kena con... kesian...
CEO selling ? why he sold ? to whom he sold ? how many shares he sold ? at what price he sold ? why sell so little amount of shares compared with RH's wife ? how many shares he is still holding after this disposal? common sense tell me , he should have sold more and earlier not now , at a better price if the he had lost confident in the future of the company? i had seen many instances where the price shoot up later after the disposal by a major shareholder, have you ?
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....
TingDong
59 posts
Posted by TingDong > 2018-10-19 07:53 | Report Abuse
Based on the below report, only logging export is banned. No mention of ban on logging activities. Am I missing something? Anyone can throw some light on this?
http://www.theedgemarkets.com/article/priceworth-sees-insignificant-impact-sabah-log-export-ban