UMA is to remind you that the counter is traded overactive , it serves nothing to crack down the trading volume or prices most of the time.Infact for the pass couple of years,the daily traded volume in KLSE is one of the lowest among Asian peers besides they own big large number untraded counters.AT the moment, the daily traded volume pick up to about 2.5 billion due to local participant on penny stock playing,if they interupt the trading culture too much,the traded volume will reduce dramatically immediately.They are completely helpless and no way to find for replacement or settlement issue.They are crying for trading volume to challenge the regional market reputation ....so ,don't worry too much,wait for 2 or 3 days and stay tune!!!!!!!!!!!!!!!!!
fukrai good question since you asked.Please refer below.
Territorial Limitations:
As a material inducement for ESP to enter into this Agreement to sell the Assets to LSKM, LSKM hereby represents, warrants and covenants, that it shall only manufacture, market, advertise, sell and distribute mattress,bedding foundations and related products (“Products”), under the Marks in Malaysia, Republic of Singapore, Kingdom of Thailand, Republic of Indonesia,Union of Myanmar, Socialist Republic of Vietnam, Kingdom of Cambodia,Republic of the Philippines, Lao People’s Democratic Republic and Brunei Darussalam (“Territory”). LSKM specifically understands and agrees that this obligation has no expiration date and shall be a continuing obligation.
The above para was taken frm its announcement as clearly indicates the region excluding ourselves, there are a total 9 countries. Based on an input on RM1 mil net profit from each country and added with its own or RM4.793mil, EPS is RM0.082.Regards to PE ratio? You all do the math whether is 5,6,7 or 10.Good luck!
Bursa klse is a very unique market especially penny stock,prices traded are neither supported by P/E nor D/Y ratio rating most of the time.Very often the price spike mainly due to rumours or gambling oriented.The issuance of ordinary UMA has not achieve much effect on the overall market performance quality.Recently,Wintoni is a good example of share price spike with baseless foundamental backing.Details: Stock name: Wintoni eps :0.9 cent nta: 9.7cent P/E: 43.86 D/Y: 0 Share Price: 8.5cents-39.5cents (latest)
We refer to the letter from Bursa Malaysia Securities Berhad ("Bursa Securities") dated 12 March 2015 querying the Company on an unusual market activity in relation to the recent rise in price and volume of the Company's shares. On behalf of the Company, the Board of Directors hereby confirm that to the best of our knowledge and after making due enquiry with the directors and major shareholders seeking their views on the matter that is the subject of the query, we are not aware of any of the following that may have contributed to the unusual market activity: 1. any corporate development relating to the Group's business and affairs that may account for the unusual market activity other than the Announcement on Asset Sale and Purchase Agreement entered into between LSK Mattressworld Sdn Bhd (formerly known as Mattressworld Industries (M) Sdn Bhd), a wholly owned subsidiary of the Company and Englander Sleep Products, L.L.C on 3 March 2015, which was released today. 2. any rumour or report concerning the business and affairs of the Group that may account for the unusual market activity; and 3. any other possible explanation to account for the unusual market activity. The Company is in compliance with the Listing Requirements ("LR") of Bursa Securities, in particular Paragraph 9.03 of the LR of Bursa Securities on immediate disclosure obligations.
yesterday who had bought shares. all loss money. is time to collect. drop with low vol today. wakakaka. company fundamental was good. expect next quarterly eps at least 1.6sen. revenue continue to spike
if you understand the market. then you will know. uma will cause a lot trader stop trading. expecially those corporate trader. because they will easily get caught. bursa uma actually is a "buy call". hahahha
leesk benefit from usd strengthen. business in America. last quarter already reflect some. december usd myr closeat 3.49 already make their revenue n profit rise so much. now usd myr 3.70. minimum profit will come until eps 1.7sen. one year 6.8sen. pe rratio below 4.
Just went tru.its websites n quite amzed on its range of products; it's pillows ,mattresses are exported enjoying robust exchange rates but their IBG products are generally imported frm France,Italy ,us that cud spell a dsaster ,on high exchange us dollr.vs ringgt.. 50% of its produced are exported giving higher profit mrgin Risks: IBG - involves imports in us dollars ,branded equipmnt tht means sales cud be weaker fr local mrkets.. Any views..Soyabeanice..
euro are weaken now. due to quantitative easing. the depreciation even worst than myr. currently one euro exchg myr only 3.88. the lowest ever. leesk was benefit from both side currency. import from europe with lower cost. export to USA wit high usd. superb this company
This stock has gd FA .... I dun sked at all .... somemore friday most of the stock oso drop ... it a norm tat it follows .... anyway i cn sure tat it will return to trend on monday ... cheer
Lee swee kiat one person already hold about half of their share. now market capital 40mil. in market we only have 20mil to trade. grab earlier. cheerss.
It's definitely benefit from currency. even more than furniture ans technology sector. because it benefit from buying and selling side of currency. buy with weak euro. sell.with strong usd
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....
Jason Yong
26 posts
Posted by Jason Yong > 2015-03-12 09:27 | Report Abuse
what is the target price?