making bread businees ok, i think, only if they didnt make a hole in the drawer it should be ok, a few yrs back they buy many machines and i taught they will start making profit but stealing problem brought them down
In the case of Silver Bird Group, the major shareholders are
1. Lembaga Tabung Haji 22.19% 2. Berjaya Corporation > 10% (indirect holdings ..Rantau Embun Sdn Bhd). 3. Kooperasi Pemodalan Felda Malaysia 12.7%
As reported in 2012 annual report.
Say efforts to rescue this stock out of PN 17 is unsuccessful, What do you think will happen to Silver Bird? Silver Bird will definite get unlisted but what happens before that, well...
Surely the shareholders will likely to drive up the stock prices to dispose off their stakes and time for you to ride on it if you are not greedy.
This was what happened to Transmile counter when it finally out of the list but in-betweens they manage to get the price up a bit.
Read the latest issue of The Edge on Silver Bird...there is some changes in the restructuring plan...there will be a new major shareholder...meanwhile TH, Vincent Tan & Felda's shareholdings could be fading off...
It will not surprise me that there will be many potential investors considering their products are acceptable in the market. More so the business is generating a daily cash of RM 300K a day even when their status is a PN17. That tells you that the support from suppliers are there. Their equipment are the best among the breadmakers and the company has been in the business since 1960. All ingredients for a successful business.
Still too early to say if new management can turn around the company. They have reduced the number of distributors. If want to increase back, not 100% will support back. Some of the shelf space has been taken up by their competitors. End of the day it's sales and profit. Just because there is a write up in a newspaper does not mean things have turned around. It is a kind of advertisement to tell people they are back. Any case, I hope things turn around for them.
Firstly, Silver is facing stiff competition from Gardenia & Massimo, secondly, the emerging of new shareholder (a rather unknown party) may see dilution in TH, Vincent & Felda's shareholdings...which may not be a good.....
Nobody knows whether the new team could turn around the company or not...anyway, Silver will certainly be around as long as TH, Vincent & Felda are behind it....
Lembaga dumping horse shits ........ could it b end of the legend that we all know well in our youth , |THE Silver Bird ??? Should we all wear "black" !!!!
verry high change of this counter being suspended from trading or worst delisted? but still has many fan out there, the regularization plan show nothing concrete so far, just purely speculative bet.
I still holding the share cause their director is doing their best to turn company into profit organization..hopefully we could see it next month oct..cross finger!
I had this once. It is usually quiet and ignored most of the time but it will have its seasons and moments. There was a sudden spike late last year after I had held it for some months. Took the oportunity to sell off. That was fortunate because it immediately went down in the following days:-(
Yes, I agree about the present management - they are doing their best to mitigate the troubles brought by Jackson Tan & Co. before their dismissal. But this is a tough, low-margin business with competitors front, right and centre. With many people, their cheap local "roti dakwah" (made and sold by the missionary type - you have this in EVERY district, it seeems) is more than good enough. They aren't likely to fork out the extra ringgit for premium roti from SilverBird, Gardenia, Massimo etc. The former was what I had lived on for years when in Pasir Mas. After remarrying and moving here (Kota Damansara), I was surprised to see my wife buying the SilverBird bread (RM3.20, if I'm not mistaken). "There are much cheaper roti...", I helpfully informed her. "Yeah, but their content is not as good"... Oh, okay. Guess I'll just fork out the extra RM1.00 then.
Anyway, one thing I've observed about counters and their prices - we can argue until the cows come home about which are the "better" companies and "with more potential". We can also talk about their business, markets and management. But all these are nowhere near as important as "price action". Nowadays, I try to spot support and momentum building up, and counters making key breaks past their resistance. Price action offers a much better chance to make money, plus providing the indications as to when to take the profit and run or to swallow your pride, cut loss and look for another opportunity.
Thats why I a bit nervous now either cause bursa has told silver that if there no regulatory plan by next month, if not wrong silver will be suspended and de listed.. but one thing for sure..I realise silver has keep on coming out with new bread product..
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up for 20% !! ==