@FactCheck, Please! If you are a employee, do you receive last month's salary before the 10th of every month?
If you are the employer, do you have to check month performance once a month. As the owner and CFO of the company, it is difficult for them to know the operating status of the company every month? It will take 3 months to know? Before formulating a strategy? OMG! Talent!!!
Okay! Everyone quickly buy more. With the support of the @alvin1188 spokesperson, the stock price must soar! It doesn't matter if the performance is not good, it doesn't matter if the performance continues to fall, it doesn't matter if the customer abandons them. Buy it quickly! Otherwise, there will be no chance Now. I'll have a share of the pie as soon as possible. Hahahaha
@karadis lol. What the management knows or not cannot be added into the financial account for the period la (the RM 5+ million profit that you were so keen to point out).
To put things simply (and in your words): Please! You can record next quarter's profit now meh?
Make mistake already , admit la. Denying it doesn't help your credibility.
I choose to be believe @alvin1188 , will collect more. If you trust the management then buy, if not , just sell. No need always talk negative things here.
'As the designated successor of the talented Lau Mong Ying, what has been achieved so far by the new Executive Director is indeed disappointing. The revenue drop, lack of orders secured and an under-utilized textile factory with poor operation management of its own.'
@sujibaby, Your professional sharing makes me shine.
Prolexus bull-run came to an end when its revenue started to take a hit in 2016 and 2017 onwards. As shown below, Prolexus revenue and profit has not been experiencing stable growth upon Q2/2017. The interesting fact was, it was not due to the fall of revenue or share price performance of Nike. Took a peak at Nike's share price performance, my goodness me! --------------------------------- Agree!!!
What if Nike order reduction is not the only reason for the downfall? --------------------------------- This broadened my horizons! You mean that MD Lau Mong Ying mistakenly appointed CFO to become Executive Director. Is this the real reason for the decline of Prolexus? Only MD Lau Mong Ying can know whether the person appointed has fully played the role of CEO. But obviously after the CFO was appointed as Executive Director, Prolexus has been in decline.
MD Lau Mong Ying for building Prolexus actively since 2011. As an investor, he is the kind of leader that can hold my money so that I sleep well at night. --------------------------------- Agree!!!
Although we could never deny a possible rise after the downfall, the future seems bleak without a change of leadership for sure. As investors, it is important to have a holistic approach on share price growth as it often reflects business potentials with visionary leaders. Prolexus certainly has its serious concerns. --------------------------------- Agree!!!
If I were to be among the members of the board, wouldn't I be worried on the outcome of Prolexus upon retirement of Lau Mong Ying? --------------------------------- Agree!!!
So, what caused the extraordinary profit in Sept 2020? Who were the employees that made it happen? Are they still being employed? That is a million dollar question to answer. As an investor, that is the question that we may ask the management. --------------------------------- Agree!!!
Obviously not optimistic, I think it is very dangerous to drop a little every day. People who still have tickets in their hands really need to pay attention. I will consider collecting some tickets at a price when lower than 0.3, it's will be more low risk. And warrant b is overvalue too much, be careful.
@calvin, I'm agreed with you point. Proxmask was a champion product, but there is no moat. This is why I agree with @sujibaby's point of view as below:
So, what caused the extraordinary profit in Sept 2020? Who were the employees that made it happen? Are they still being employed? That is a million dollar question to answer. As an investor, that is the question that we may ask the management. --------------------------------- Agree!!!
29/07/2021 3:23 PM
They seem to have successfully transformed in that time and developed the excellent products. But after that, they have stagnated, and it seems that the team leading the innovation has gone.
If that is the case, then I think the current CEO must be incompetent. Because he has no ability to gather a good team. It must be negative for future of Prolexus. I will wait and see when there are bargains to pick up, but it's definitely not now. My target price to collect is below 0.30
Posted by jojo69 > Aug 5, 2021 8:38 PM | Report Abuse
@calvin, I'm agreed with you point. Proxmask was a champion product, but there is no moat. This is why I agree with @sujibaby's point of view as below:
So, what caused the extraordinary profit in Sept 2020? Who were the employees that made it happen? Are they still being employed? That is a million dollar question to answer. As an investor, that is the question that we may ask the management.
You are smart and foresighted, and you seized a good opportunity to make money at the time. The opportunity is indeed gone, there are too many excellent quality disposable masks on the market, and the price is very cheap.
You just gave us a very important message. This makes me more and more suspicious that Prolexus' core customers issue that everyone discussed in the forum.
If Under Armour and Nike in USA sell masks, since Prolexus is their supplier and they have experience in making masks, why haven't they received orders from these brands?
Was there already a sign at that time? Do you have any perception or information? This is really important. It doesn’t matter if they don’t have a mask orders. After all, it’s not their main business. If something goes wrong with Apparel business, it’s very serious. It's really like that, I will dare not collect it even if it drops to 0.30
Sifu Peter Lynch always call companies to check on their business he kept making phone calls all the time to ask questions
So I do practice what he said from time to time
There is the tone, the response from each and every different company
Of course we cannot ask for insider info as it is illegal
But we can always ask valid questions
A company that is upright and true got nothing to hide and is honest and transparent
A company that is evasive will normally be suspect
I called Namfatt many years ago. They gave no answer but slammed down the phone. I got a shock . Then I sold off all Namfatt shares. later Namfatt went bankrupt
I called Mr Shane the assistant manager of Ijmplant He sounded cheerful and said all palm oil companies should be happy as cpo prices now very high True indeed and later Klk offered Rm3.10 for Ijmplant
of course he didn't tell me about Klk buying ijmplant or I would have bought more
I spoke to kpower people and they are frank and honest So I recommend Kpower to all as a good company with bright future
Some companies will say you need to wait for actual Qtr news from Bursa usually result out just so so
For Prolexus at that time when I called was ok. only thing I hope for their oem for under armour didn't jadi
Now most palm oil companies when you call them
They sound cheerful and happy
So I told people to go for palm oil shares
every thing is above board and answers all there if we just ask
with the delta variant being rampant throughout the whole world, we see that countries like USA, EU are reinforcing their ppl to wear a mask again when entering indoor premises. So it is likely that the sales of ProXMask and fabric will be boosted due to higher demand now.
I heard from Batu Pahat's friends that the Honsin Apparel epidemic has broken out again. Hundreds of people have been infected and have been blocked. Someone here please double comfirm is it true?
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....
karadis
292 posts
Posted by karadis > 2021-07-29 12:53 | Report Abuse
@FactCheck, Please! If you are a employee, do you receive last month's salary before the 10th of every month?
If you are the employer, do you have to check month performance once a month. As the owner and CFO of the company, it is difficult for them to know the operating status of the company every month? It will take 3 months to know? Before formulating a strategy? OMG! Talent!!!