Unfortunately, the wind did not favor PWI and turned the other direction. Else, it could be a very nice catalyst for rumor play due to the listing in SGX!
https://investmiles.blogspot.com/2019/03/pworth_16.html indeed this is good article and provide details information for share holder. Hopefully FMU5 could be unban soon.Understood that sandakan plywood mil start operating could refer to preview few month lumber log report.With current economy situation and lumber is booming for home office during this pandemic, hopefully goverment could allow Pworth to start over to operate lumber logging in FMU5. If this operation approve, i guess there is high chance for the company to turn around...For current share price, the risk is lower but still highly depend on polistic issue in our country, risk is still there, high risk high return but if this FMU5 ban is released, i guess this company could turn it around.
That's a simplistic way of looking at it, while I would love for the price to go up, need to be realistic of the fundamental issues with this company. Cashflow- they will have to sell more shares which means more dilution. 2nd... they do not have enough land to harvest logs, even before PMU5, their factories were running at 40% capacity only and were making Q on Q losses.
Glove sentiment is no longer there, if they want to push with a story, need something else like recovery theme. However if market continues to fall due to global correction, it is a good time for penny stock play especially PWORTH with its near rock bottom price.
One more thing to mention, even PWI resumed their logging activities. They cant operate at 100% capacity too as they dun have enough land for logging. Management should srsly come out a way to overcome this prob
cannot pay loan, no operation since 2020 Nov, last year request 4 times bonus share for this director. it most like scammer shj... Director pun sudah buang semua dia punya share... I hope you all go to check properly.
my Advise not to give them more money... Net earning 2016 = 0.2, 2017 = 0.6, 2018 = 1.3... since 2019 = "-4.0" and 2020 ="-1.6" Information, current PWORTH status... if issue another 1% = 45,044,147 unit share if share price at 0.02 then the Issued share capital will be 378,375,941.9 Units :4,504,414,724 Issued Share Capital ($$) :Malaysian Ringgit (MYR) 377,475,059.000 Listing Date :23 Sep 2020
From my inquiry, QR report to be released end-March; Timber production to start this month, awaiting approval from authority; Loan repayment extension being re-negotiated. Had applied for glove manufacturing licence as well.
Posted by jeffng570 > Mar 9, 2021 9:23 PM | Report Abuse
potong you punya pokok la.
If this is the case, they would have potong poko to get its finance into the black. So why -ve? And still alarmingly in debt? Something is very wrong with the mgmt! They should be overhauled! No other way out.
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sting79
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Posted by sting79 > 2021-02-02 18:40 | Report Abuse
Wow clp72, don't tell me you've been following the PMU5 news since Oct 2016 when they first announced the purchase?