Superhero... State government agreed to 11 installments,read between the lines. State government could have insisted on 1 single payment causing priceworth to tutup kedai. Internally they have come to some arrangement. Wink wink
KUALA LUMPUR: Shares in Priceworth International Bhdhave advanced 22% during Friday’s early session following news that it will restart operations at Sandakan plywood mill.
Priceworth, the most active counter, jumped 22.22% , or one sen to 5.5 sen with 71 million shares traded. In the past one year, the counter has fallen some 30.16%.
Priceworth, whose logging operations have been affected by a verification exercise, expects to restart operations at its plywood mill in Sandakan, after it secured the return of 11,099 cubic metres of logs from the Sabah Forestry Department (SFD).
“We will be able to restart operations at Sinora’s plywood mill in Sandakan with
I buy little-little keep , but dropped fro 0.08 > 0.04... I TOP up 2 times at 0.05 and 0.04... very hard to wait for this good news....average price 0.06 ... so ... now keep or sold...?? But decided sold half around 0.08 ... hope can go up...
We all buy share always follow when it go up... and throw when it go down.... it was very hard to stand/ hold with the bad news on the market, I keep this share from last years 0.08 until now .... don’t care it’s going to lost all... we won’t get profit if we just follow what news on the market.... just try to feel what the goreng boss want to play on the share.....
1. What I was think is .... (just predictions) a. The company was profit-able b. they collect money from RI c. The going to profit more but they don’t want to share the profit to all people..... so they spread the bad news... They push down the share price ... they was collecting from 0.04-0.05 from last years....all share coming back to their hand... now good news coming... all profit go back in their pocket... Logically think how come one big company ... become none profit after RI..... Malaysia logging ..... many way to Alibaba... our slogan... is always “Malaysia Boleh”
Just as a seriously ill person can make a full recovery and go on to lead a fulfilling life while a seemingly healthy person can drop dead without warning, some very sick companies can make miraculous recoveries while apparently thriving ones can collapse overnight.
But the probability of this is very low. Typically, when a company is struggling, the warning signs are there.
Make it your business to know a company's business and you'll minimize your chances of getting caught in a corporate train wreck.
Typically, when a company is struggling, the warning signs are there.
Your best line of defense as an investor is to be informed - ask questions, do your research, be alert to unusual activities. Make it your business to know a company's business and you'll minimize your chances of getting caught in a corporate train wreck.
So need to pull out loh..... but one things ... we will not known the truth except the owner.. they can make good report and they also can make bad financial report...
KOTA KINABALU, 14 MARCH 2019: PRICEWORTH International Bhd (Priceworth) expects to restart operations at its plywood mill in Sandakan soon, having secured the return of about 11,000 cubic metres of logs from the Sabah Forestry Department (SFD). “We will be able to restart operations at Sinora’s plywood mill in Sandakan with the return of these logs, while we continue working on the completion of our acquisition of FMU5,” said Priceworth executive director Richard Koo. The timber and forest plantation group said it has agreed to pay the royalty, premium, conservation fee and related costs for a total of 11,098.78 cubic metres of logs. “We would like to take this opportunity to thank the Sabah State Government and the Sabah Forestry Department for allowing us to pay by 11 instalments in 2 months from the date of their letter dated yesterday,” said Priceworth executive director Richard Koo. “Meanwhile, we will continue to engage with the Sabah Forestry Department on resuming harvesting operations at FMU 5,” added Koo. “With the resumption of harvesting, we would be able to focus on supporting the state government's policy of encouraging more high-value downstream industries,” he said. Priceworth is working on expanding its downstream operations with a new line for the production of container flooring. A sustainable supply of raw material is one of the most pressing issues preventing downstream timber players in Sabah from contributing higher value-added products to the state’s exports. Priceworth halted harvesting operations in July 2018 following inspections by the Sabah state government’s Special Task Force
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 352 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11670 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
sell
2,453 posts
Posted by sell > 2019-03-11 22:13 | Report Abuse
See you at below 3 sen.