Hold for long term, amverton link@klang approved project is progressing well with 50%sold (out of 100units), bear in mind that this project GDV is about~ 194 million (~310 units)thus, contribution from property segment will made EPS up qoq if the entire project executed smoothly
Boss holds total 74 percent. Want to take over, very easy. Coz cash rich company. This is one of the last counter that is very undervalue. Tomorrow I'm monitoring it n add some more. See whether can get cheaper or not coz dow is down 400 over points. Hehehe
Haha,article seemed to give u half of the pic. In accounting, assets + liabilities = equity. The article mentioned cash of RM 112.94 mil but did not say anything about total liabilities of RM 132.33 mil.
As for purchasing shares by directors, they didn't buy so much, because the 3 sons togather bought few millions, the parents are deemed to be interested so both father & mother also need to be declared.
From the qtrly result, for the whole of 2018, the car manufacturing made a revenue of RM 69 mil, but profit of only RM 173,000. Hopefully the manufacturing can be more profitable with Aruz launch. The property development & management made a revenue of RM 36.67 mil but turn in a profit of RM 16 mil ( 43% profit margin)....hmmm
I think Hil has a reasonable fundamental, don't get me wrong. But i would prefer a balance & reasonable reporting on a company for the retail punters to decide to buy or sell. If u download the qtrly result, it shows trade payable of RM 91.58 mil & deferred taxation which is payable to IRD in future of RM 37.62 mil.
The inventories which are mainly properties for sale has gone up from RM 77.58 mil in 2017 to RM 227 mil, out of which RM 12 mil has been classified as long term ( why long term, is it not expected to sell in the near future ?). Trade Debtors amount is not large, only RM 31.74 mil.
For inventory & trade debtors, it can be considered as cash but not on face value. The accounting value will always be lower than the actual value as unlike cash in bank, u can't liquidate all the properties tomorrow & get back RM 227 mil
up 5 sen... amverton takeover 1.20....i think they are going to take Hil private also. dont sell to them for less than 75 sen. let's see how much they offer since they are holding more than 75 percent already.
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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....
cutie
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Posted by cutie > 2019-03-22 20:23 | Report Abuse
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