Another lost making quarter.. As expected. Every quarter lose money since 2016 except one quarter. No more cash to give dividend or carry out share buy back. now bagi bonus pula. Next year right issues? I will wait at 0.25. Warrant at 0.08. wakakaka
Due neymar sheep dream coming true early...better got big balls to average down or don't regret missing the opportunity & still stuck with your high purchases while keep peeping at your paper losses everyday...
uncle sheep, you in big trouble liao....all your grandchildren money will be burnt if salcon hit pn17 soon.....better cut loss and leave some of your hard earned money for them. just admit you made the wrong decision trusting the salcon management....
uncle sheep, your dream & prediction has come true. Salcon-WB hit 0.08 already....what are you doing now.... do you average buy.....do you sell down.......is it advisable to buy now or wait.....now i beginning to believe your 2nd prediction that it will hit pn17 next year.
I am holding heavy paper losses....hope you can advise based on your years of trading experience...... tq in advance
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS SALCON BERHAD ("SALCON" OR "THE COMPANY") DISPOSAL BY SALCON POWER (HK) LIMITED ("SPL" OR "THE SELLER"), A WHOLLY-OWNED SUBSIDIARY OF SALCON, OF THE BUSINESS OF A PORTFOLIO COMPRISING 208 UNITS OF SOLAR PHOTOVOLTAIC ELECTRICITY GENERATING SYSTEMS TO ACP SOLAR LIMITED ("ACP" OR "THE PURCHASER") FOR A TOTAL CASH CONSIDERATION OF £949,114.09
A very inconsistent financial performance. In the past, every time the company managed to record a profit, it will straight away record a negative result in the next quarter reporting.
Need to wait for another quarter or two to see if the profit in 3Q18 is actually sustainable. I have my doubts on this. The main loss making divisions are still the trading & services and property divisions. Construction division is only profitable when u include the JV results. Excluding JV, it is still negative. Only the Vietnam water concessions is able to deliver consistent profit to the group but even that is not enough to cover the losses from the other divisions and the high corporate expense cost.
It would be better for investors to wait an see the result of 4Q18. Hopefully they can post another profitable quarter.
If you are looking to divest some of your portfolio into a low valuation company but still able to deliver short and mid term profit growth, i would recommend you to look at MBMR.
MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.0x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.
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....
yusopa
67 posts
Posted by yusopa > 2018-08-24 18:08 | Report Abuse
annouce 21 august...