Posted by UncleLim > 2012-08-27 21:18 | Report Abuse

Able Dairies was purchased with a RM 10 mil PAT profit guarantee for FY2012.So can expect contribution from F&B division of about RM2.5mil for this quarter.Plus profits from tin manufacturing.

More interestingly, MD for Able Dairies bought 2.5 milliom shares at RM1.70 a week ago from another substantial shareholder.Able Dairies was
purchased on 31 Oct 2011 for RM 31 million satisfied with RM 27 mil cash and 4 million new shares at RM 1 par value , when the share price was trading around 83 sen then.

So if the MD of Able now buys 2.5 million shares at RM1.70 after 10 months, it gives me a fair bit of comfort going forward with this company.

Not to forget expansion plans for new factory and upgrade of existing plant from proceeds from forth coming rights issue, OSK has new target price of RM2.38 for Johotin.

Posted by ckinsg > 2012-08-27 21:42 | Report Abuse

Looking at d trend now, johotin can fly higher... Yes yes

Posted by sapurakencana > 2012-08-27 23:47 | Report Abuse

dear uncle lim,from where u got above information(More interestingly, MD for Able Dairies bought 2.5 milliom shares at RM1.70 a week ago from another substantial shareholder),my concern is the purpose of right issue.Until now still no actual plan for the construction of factory or any actual fact stated that the demand for dairies product very high so that they need to build the new factory to fit the demand?

Posted by UncleLim > 2012-08-28 09:04 | Report Abuse

SK,

Info available straight from Bursa 's website and not from any insider.
As part of sale of Able Dairies, MD agreed to stay on at least until 2013 ( I Think) to assist with business integration plus there is also the matter of profit guarantee given to Johotin.Again , this info from Bursa's website.

Refer to OSK report re details of rights issue and possible plans of proceeds.The report is quite comprehensive.

Posted by ckinsg > 2012-08-28 09:15 | Report Abuse

yes yes johotin fly high high

Posted by feargreedhopedespair > 2012-08-29 14:49 | Report Abuse

counting down..awaiting their 'impressive' result?

Posted by ckinsg > 2012-08-29 18:24 | Report Abuse

Ha ha ha, johotin anounced very good result.. Profit more than double yoy... Tomorow will fly high high... Yes yes yes

Posted by passerby > 2012-08-29 18:38 | Report Abuse

The % contribution from newly acquired business in revenue & profit overtakes their existing core business. 2 thumbs up

Posted by UncleLim > 2012-08-29 18:55 | Report Abuse

Guys,

Impressed with Q2 numbers just like you.The purchase of Able Dairies indeed a master stroke , what more with net profit guarantee of RM10 mil for FY2012, the deal was done at PE of only 3.1 times.

OSK research paper talked about Johotin also getting into evaporated milk manufacturing soon.All in all, the propects for this counter looking better and better.

Posted by ckinsg > 2012-08-30 15:17 | Report Abuse

yes yes johotin fly high high

Posted by ckinsg > 2012-08-30 15:53 | Report Abuse

yes yes johotin fly high high
make it cross 2

Posted by heehaa > 2012-09-03 16:29 | Report Abuse

yahoo... johotin 201

Posted by feargreedhopedespair > 2012-09-03 16:32 | Report Abuse

1.88 1.89 absorbed a lot few days ago..time to push towards???

Posted by Namoyaki Takarajima > 2012-09-04 12:16 | Report Abuse

The GREAT Johorian! Congrats! We miss your VIKING Ship!

Posted by heehaa > 2012-09-04 12:20 | Report Abuse

yesssss johotin up up

Posted by sapurakencana > 2012-09-04 21:29 | Report Abuse

be ware of the crocerdile

Posted by Namoyaki Takarajima > 2012-09-12 11:04 | Report Abuse

My new Gold mine, i mean Tin mine.

Posted by tonylim > 2012-09-12 13:38 | Report Abuse

Namo tighten your seat belt

Posted by heehaa > 2012-09-12 14:04 | Report Abuse

Johotin will fly until no limit ha ha ha

Posted by senghup > 2012-09-12 15:19 | Report Abuse

another run all the way. managed to get in today XD

Posted by Namoyaki Takarajima > 2012-09-13 10:43 | Report Abuse

Again, apart from SKPETRO, JOHOTIN is my new Gold mine, i mean Tin mine.

Posted by heehaa > 2012-09-13 10:49 | Report Abuse

hey namo, wat px u think johotin wil fly? r u intend to sell? im still hollding this gold tin mine

Posted by Namoyaki Takarajima > 2012-09-13 10:57 | Report Abuse

heehaa.. Owh no no no... Goldmine NOT FOR SELL, Tin is in demand now. Let's check their YTD performance.

Posted by heehaa > 2012-09-13 11:13 | Report Abuse

johotin, pls fly to rm2.30!!!!

Posted by Namoyaki Takarajima > 2012-09-13 11:16 | Report Abuse

JOHOTIN: RSI (14d) = 69.2%! With this pattern/trend where the Stochastic was just at 52.4%, this means JOHOTIN is in a very good share market position and conditions! Nice!

Posted by heehaa > 2012-09-13 11:35 | Report Abuse

but some stupid analyst said sell bcos overbougt...
where got overbought if compare to pasukhas, amedia!!!

Posted by Namoyaki Takarajima > 2012-09-13 11:39 | Report Abuse

Not Overbought they TIPU!, but it was at Oversold Position on 11/9/2012 where the Stoch line was below 20% beginning last Monday. That's where the wise investor buy slowly to keep it UP to the Up Trend stocks. I just follow the wise investor's decisions when they make that decisions.

Posted by heehaa > 2012-09-13 11:42 | Report Abuse

goooodd, johotin up up up

Posted by heehaa > 2012-09-13 11:43 | Report Abuse

strong support at 208... those who cannot wait faster sell at 208... jangan kacau kacau!!!

Posted by Namoyaki Takarajima > 2012-09-13 14:31 | Report Abuse

heehaa, if they wanna SELL, what can you do?

Posted by heehaa > 2012-09-13 14:40 | Report Abuse

then u should push high high until they dun dare to sell... ha ha ha

Posted by heehaa > 2012-09-13 15:19 | Report Abuse

namo, johotin steadily up...

Posted by Namoyaki Takarajima > 2012-09-13 15:23 | Report Abuse

For SELL call, You maybe wanna wait till it reach Overbought Position where the Stochcastic line will touch above 80%. Wait for MacD call as well.
That's where the wise investor will start to SELL slowly to keep it SUSTAIN to the UpTrend position. I just follow the wise investor's decisions when they make that decisions.

Posted by heehaa > 2012-09-13 15:35 | Report Abuse

so wat is the target px??

Posted by sindahtay > 2012-09-13 16:18 | Report Abuse

beware of the crocerdile

Posted by heehaa > 2012-09-13 18:15 | Report Abuse

Namo, i hv sold half of my holdings in johotin at 2.12

Posted by Namoyaki Takarajima > 2012-09-13 18:22 | Report Abuse

Its a good SELL call also anyway. Maybe you don't want to wait for Friday i may say. Friday is a Selling Day and Buy Back day.

Posted by heehaa > 2012-09-13 18:45 | Report Abuse

In two days oredi rebound almost 14%... nvm la, still got some to hope for higher px

Posted by sapurakencana > 2012-09-13 22:29 | Report Abuse

don't miss out another golden opportunity RM2.70

Posted by heehaa > 2012-09-14 15:49 | Report Abuse

JOHOTIN FLYYYYYYYYYYYYYYYYYY

Posted by Namoyaki Takarajima > 2012-09-19 16:27 | Report Abuse

Very promising counter! Congrats JOHOTIN people!

Posted by senghup > 2012-09-26 13:31 | Report Abuse

TP 2.50. gogogogogo

Posted by Ping Ping > 2012-10-08 23:32 | Report Abuse

keep watching this golden share ,,,,,,,,good future prospect.

Posted by Ping Ping > 2012-10-10 22:47 | Report Abuse

3 existing share entited 1 right issue + 1 warrant. Right issue price at RM1.28/share. Is it worth base on today closing price RM2.06????? anybody helps me.......

Posted by stock5678 > 2012-10-15 11:43 | Report Abuse

keen to know too but i think not worth because no one reply. hahaha

Posted by KC Loh > 2012-10-15 12:39 | Report Abuse

This is the reason why i am not too keen into other instruments such as warrants, rights, etc. its all a game within the IBs circles. and with such puny amount, its easily manipulated

This is the clear cut example if you read the bottom part!

http://klse.i3investor.com/servlets/anpth/183240.jsp

Posted by hauru > 2012-10-15 16:46 | Report Abuse

Just my 2 cents. Appreciate all comments

Assuming you bought 3000 units of JOHOTIN at 2.01 today, you will have:
-3000 units of JOHOTIN @2.01
-1000 units of JOHOTIN rights @1.28
-1000 units of JOHOTIN-WA strike price at 2.28

Cost of acquisition per share:
(6030+1280)/4000=1.8275
You will thus have 4000 units of JOHOTIN@1.8275 + 1000 units of JOHOTIN-WA

Pricing of JOHOTIN-WA is estimated to be approximately 0.1 immediately after ex-rights.

Current EPS: 15.6 cents
Estimated diluted EPS after rights issue: 20 cents

Upon ex-right, if JOHOTIN remains above 1.83 there will be some profit + profit from selling warrants

Posted by hauru > 2012-10-15 16:47 | Report Abuse

Question is do you think JOHOTIN is worth more than 1.83 after share dilution?

Posted by yourpal > 2012-10-17 18:15 | Report Abuse

hauru, how u come out with the ex-rights price of 1.83 in your example?

Posted by hauru > 2012-10-18 10:11 | Report Abuse

it is based on 4000 units of johotin acquired at theoretical ex-rights price of 1.8275 (rounded up to 1.83). You will get 1000 company warrants (strike 2.28, expiry 5 years) on top of the 4000 units acquired.