The Contrarian,I think we are the very few here still buying.52 weeks low 47 sen,5 year low 42 sen,I don't think it go below 0.40 unless something drastic came out.Risk low but reward/upwards potential very high.Let's wait and see.
Cash/FD balances improved from RM90 million on 30/6/17 to RM109 million on 30/6/18, this translates to 47 sen cash backing per share. There's no borrowings.
LION POSIM will be the target of becoming a private company by the largest shareholder. Minority shareholders are not up to 25%, The largest shareholder only requires not exceeding RM100 million to has a 100% stake in this company.LION POSIM has assets of RM557 million. RM109 million is in cash.
Current assets more then current liabilities by more than 200 millio with cash of 62 millio. Good luck if receivables is not written off substantially as in the case of london biscuits, NTA from above $1 to negative 0.25.
Please study before buying, the extremely high PAT is due to other income - the reversal of impairment loss 22m, minus this out the PAT is only 3m, slightly better improvement in gross profit.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3141 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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TheContrarian
9,171 posts
Posted by TheContrarian > 2017-11-13 11:16 | Report Abuse
Go, go, go Lionforest