It's more than 16 months since the signing of the copper supply agreement for estimated rm1.3 billions over 40 months. as of 30 June 2021, Anzo only made a total revenue of around 64 mil since the signing of the agreement. And this 64 mil consists of some revenue from the construction segments. With back of the envelope calculation, Anzo should have delivered RM422 million revenue just from the copper deal alone up until 30th June 2021. Instead, it only delivered 64 mil revenue which is just 15% on target. 85% off target and there is no clarification from Anzo on this. How would Anzo catch up back on the 85% off target? Most probably Anzo wont be delivering in the remaining 24 months. The latest quarter results would confirm whether Anzo can fulfill such 1.3 billions contract value or just a hoax like their Manjung gloves news.
nobody care about fundamental or company making profit. All are for goreng. Just look at AA, MAHB, GenM, etc. They all are losing money and will cont to lose money in the next few quarters before they pick up back on the sales and make profits which would require at least 5 - 8 years to cover back all the losses. Yet, ppl dont care and chase them. These counters wont be giving any dividends for years to come as they need to rebuild their cash and reduce the debts.
Same for gloves, all making high profits but get sold off since Nov 2020 while they still delivered highest profit in June 2021. Ppl just sell and dont care as they dont think they can deliver higher profit anymore. A company that was only delivering 30-40 mil profit per quarter and may deliver 100 mil profit per quarter in 2022/2023 post covid, yet ppl stll sell below pre-covid 19 price. Fundamental only will come when all the excitement died down.
As for Anzo, it s purely for goreng. A company that isnt making profit or having a sustainable biz model for the last 10 years, wont suddenly change its leopard spot and become profitable with sustainable biz. Question is how much the boss wanna goreng this time and how he gonna goreng it to keep Anzo from being delisted.
MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PARAGRAPH 8.03A OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS ("MMLR")
In compliance with the Company's obligations under the MMLR, the Board of Directors of Anzo wishes to inform that Bursa Malaysia Securities Berhad ("Bursa Securities") had, vide its letter dated 11 October 2021, granted the Company an extension of time of 6 months up to 10 April 2022 to submit its regularisation plan to Bursa Securities.
The Company has approximately 5 months to submit its regularization plan to the relevant authorities for approval and will make further announcements in relation to any latest development in accordance with the requirements under Paragraph 8.03A of the MMLR.
This announcement is dated 1 November 2021.
====================== Be informed of progress of the regularization plan.
4.5 month left. some activities in Oversea and its sister company Permaju. Would come and save Anzo soon using these sister companies. Just wait and see.
11.09 million losses, another quarter and year of losses
================== Be aware of regularisation plan :
ANZO HOLDINGS BERHAD ("ANZO" OR "THE COMPANY") MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO PARAGRAPH 8.03A OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS ("MMLR")
Impairment itself already 10.3 millions. last quarter also impaired 9.8 millions. All losses due to impairment. The company isnt making money and yet cont to make loss impairment.
The copper contract isnt delivering even a 100mil revenue even after 18 months. And the contract was for 40 months. Is Anzo going to deliver 1.2 billion in the next 22 months or the contract would be scrapped by then without delivering even 10% of the contract value after 40 months?
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....
whistlebower99
4,859 posts
Posted by whistlebower99 > 2021-09-09 11:26 |
Post removed.Why?