Posted by Mingming > 2012-12-18 09:05 | Report Abuse

No oNe here @@

Posted by Mingming > 2012-12-18 09:10 | Report Abuse

Touch 1.23@@

Posted by wachin > 2012-12-18 09:15 | Report Abuse

Touch 1.16 too

Posted by Mingming > 2012-12-18 09:17 | Report Abuse

Touch 1.15 Discount 0.01 XD

Posted by moneyluv > 2012-12-18 09:30 | Report Abuse

Another discounted counter, starting with assthrow, hiap huat and now elkdesa.... Good luck for those who trap inside, when got chance just runnnnn....

Posted by Mingming > 2012-12-18 09:32 | Report Abuse

But Hiap Huat nice counter.. one day 75% return @@

Posted by verylovely > 2012-12-18 10:27 | Report Abuse

First day performance is not so attractive, better sell first. Refer to Astro.

Posted by Mingming > 2012-12-18 10:32 | Report Abuse

All ppl selling the share.. Who will performance well neh..

Posted by cwl909 > 2012-12-18 11:01 | Report Abuse

so wat should you think the ELK 5228 just now? i think today let say got +0.10 run fast fast

Posted by Mok Thian Seong > 2013-07-10 13:44 | Report Abuse

Finally got dividend

Posted by mattky > 2013-07-12 10:38 | Report Abuse

Good return 6.5 sen

Posted by mattky > 2013-07-17 12:14 | Report Abuse

up up up

Posted by Ruhaizat Talib > 2014-01-09 23:30 | Report Abuse

This stock will rise base on Hirepurchase loan growth for 2014

Posted by Eelyn Soon > 2014-02-19 20:00 | Report Abuse

its moving up soon......

Posted by Eelyn Soon > 2014-03-05 20:32 | Report Abuse

didnt show me its power at all....
iculs rights issue ex 14/3/2014.
Start trading - 19/3/2014
Ends on - 1/4/2014

Posted by horseman > 2014-06-26 07:04 | Report Abuse

nobody looking to this counter...................

Posted by beecheng > 2014-09-03 10:53 | Report Abuse

dividend 0.075 ex 8/9 pun takda org mahu kah?

Posted by DA222 > 2014-09-19 16:00 | Report Abuse

Wow! Drop a lots after devidend

Posted by m00077 > 2014-11-15 16:44 | Report Abuse

can anyone gives some advices on this counter?

Posted by SpaceNeedle > 2014-11-24 22:38 | Report Abuse

Less news and visibility of this company from media. If merely refers to the figure in financial report, it is looked good.

Posted by jellygal27 > 2015-02-02 00:12 | Report Abuse

lack of liquidity ...

Posted by BFMTechnology > 2015-03-31 08:48 | Report Abuse

Just my opinion. There is improvement in revenue and net profit. It is slow counter so you will not expect big movement. So probably a 10-15% gain will be good enough.

Posted by nickloke > 2015-04-08 21:32 | Report Abuse

http://nickstockinvestment.blogspot.com/2015/04/elkdesa-5228-journey-starting-soon.html

Posted by gungho92 > 2015-04-09 18:52 | Report Abuse

rather worried that they have no cash to storm out a crisis...

Posted by gforce2 > 2015-06-10 10:52 | Report Abuse

7.5 sen dividend announced for the year.
But, they also announced a proposed renounceable rights issue of up to 62,500,000 new ordinary shares on the basis of one (1) Rights Share for every two (2) existing ordinary shares.

GST has affected second-hand car sales, and consequently the car loan/hire purchase market. Seems they are making sure their cashflow doesn't dry up in the short to medium term.

On paper, they have over RM50m in cash/FD, but that is after the ICULS which raised RM100m (which will also add about 80m new shares upon maturity). Let's assume a rights issue at RM1 per share, which will boost their cash reserves by another RM60m+. That's over RM110m cash in total. To put that in pespective, annual revenue was RM57m.

Assuming profits are maintained during the expected slowdown, the share dilution will mean lower EPS & DY in the short term. But let's see how they use the cash to grow.

Posted by irisexy > 2015-07-11 22:57 | Report Abuse

Most of the investor don't like right issue.
Who want to take out money at this moment.

Posted by Acealicewy > 2015-07-25 01:13 | Report Abuse

This counter suitable for those who wish to collect dividends and seldom need to look at the price movement.

Posted by HolySh1t > 2015-07-28 22:33 | Report Abuse

this counter dividends so high

Posted by gungho92 > 2015-07-31 22:34 | Report Abuse

lol... so i was right. they are running short of cash ! *shake head*

Posted by gforce2 > 2015-08-20 18:51 | Report Abuse

Unlike a bank, they can't raise funds through fresh bank deposits. To grow faster, they either have to borrow (debt), or issue new shares (equity) through private placement or rights issues. What I like about this company, is they've kept their bank borrowings relatively low. Their Non Performing Loans (car payment defaulters) are also manageable. In the current economic environment, Cash is still King.

Posted by gforce2 > 2015-08-24 18:46 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4837845
Results out. Very steady, considering the current market turmoils.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4837885
The Board of Directors of ELK-Desa Resources Berhad has adopted a dividend policy to distribute not less than 60% of the Group’s annual net profits after tax to shareholders of the Company with effect from the financial year ending 31 March 2016.
The dividend policy is an initiative taken by the Company to consistently reward its long term shareholders.

Assuming they maintain their current EPS of about 15 sen, that means an estimated dividend payout of about 9 sen.

Posted by cykinvest > 2015-10-02 09:34 | Report Abuse

i only received my prospectus for the rights issue on 1-10-15 whereas the ex-date of the rights was 22-9-15 leaving me no choice but to take up the rights to avoid diluting my share value. Can someone tell me whether the company is following the right procedure?

Posted by huat888 > 2015-10-02 22:29 | Report Abuse

Don't understand what do you mean by not following the procedure?
OR trading started on 29/09/15. If don't wish to take up the rights, should have sold before ex-date.

Posted by ivan9511 > 2015-11-30 13:45 | Report Abuse

Hi team . Do you guys think I should hold elkdesa ?
I have no idea at all.
Potential good?

Posted by ivan9511 > 2015-12-02 23:40 | Report Abuse

three day same pattern.
tomorrow will hit 1.22 till1.25

Posted by Acealicewy > 2015-12-15 16:59 | Report Abuse

price very stable will not have heart attack like other stock in such market.. ELK is growing now and have very good dividends!

Posted by domperrier > 2016-02-23 16:13 | Report Abuse

Bought some for the dividend this morning, & also becos there's no more danger of a rights issue :D

Posted by gforce2 > 2016-02-24 12:19 | Report Abuse

3.25 sen interim dividend declared. Seems like they're switching to half-yearly dividend, instead of annually. Assuming dividend split evenly, that's 6.5 sen for the year; that's about 5% DY, on par with past performance.

Posted by gforce2 > 2016-05-29 18:36 | Report Abuse

Proposed dividend of 3.5 sen, bringing it to a total of 6.75 sen. That's about 5.4% DY at the current share price.

===
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097433

The Board of Directors of ELK-Desa Resources Berhad is pleased to announce that a single tier final dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2016 will be recommended to the shareholders for approval at the forthcoming 27th Annual General Meeting of ELK-Desa Resources Berhad.

The entitlement date and date of payment in respect of the aforesaid final dividend will be determined and announced in due course.

This announcement is dated 20 May 2016.

Posted by gforce2 > 2016-05-29 18:37 | Report Abuse

Proposed dividend of 3.5 sen, bringing it to a total of 6.75 sen. That's about 5.4% DY at the current share price.

===
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097433

The Board of Directors of ELK-Desa Resources Berhad is pleased to announce that a single tier final dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2016 will be recommended to the shareholders for approval at the forthcoming 27th Annual General Meeting of ELK-Desa Resources Berhad.

Posted by gforce2 > 2016-05-29 18:38 | Report Abuse

Proposed dividend of 3.5 sen, bringing it to a total of 6.75 sen. That's about 5.4% DY at the current share price.

===
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5097433

The Board of Directors of ELK-Desa Resources Berhad is pleased to announce that a single tier final dividend of 3.50 sen per ordinary share in respect of the financial year ended 31 March 2016 will be recommended to the shareholders for approval at the forthcoming 27th Annual General Meeting of ELK-Desa Resources Berhad.

Posted by Noni > 2016-09-07 17:49 | Report Abuse

Yes, going to ex-dividend soon. Hooray!

Posted by gforce2 > 2016-11-05 17:23 | Report Abuse

http://www.freemalaysiatoday.com/category/nation/2016/11/04/used-car-dealerships-facing-tough-times/

Just wondering how this will affect ELK-Desa, since this is their main target market.

Posted by Angielim9955 > 2016-11-10 22:54 | Report Abuse

gforce2 , elk report so good and good divident

Posted by SpaceNeedle > 2016-11-11 10:26 | Report Abuse

diluting eps is an issue as conversion of loan stock even though higher net profit. This may continue causing its share price under pressure once share buy back activity lesser.

Posted by gforce2 > 2016-11-11 10:36 | Report Abuse

Yes. On paper, they had a good 2nd quarter. Higher revenue, but also higher impairment allowance (bad debt? NPL?) for their hire purchase financing. Also note, their furniture business makes their revenue look bigger, but it isn't profitable yet.
ICULS holders are also converting to the mother share since the dividend yield is much better (about 5.7% at current share price vs 3.25% Loan Stock Interest).

I was talking about the next 6 months to 1 year. Malaysian market starting to look a little bit shaky.

Posted by Angielim9955 > 2016-11-11 18:02 | Report Abuse

gforce2 , do you know why such good qr cannnot help sha price , now near hist lowest ?
is it because rinnggit too weak ?

Posted by gforce2 > 2016-11-11 18:22 | Report Abuse

Angielim9955, a lot of headwinds, not just locally, but internationally. The battering of the ringgit this week may just be a one-off, but it's going to be a real rollercoaster I think.

Here's another bit of news:
Another ELK DESA Rights Issue! (1 for 5)
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5257461

At least the rights issue will be at RM1.16, so it won't depress the share price too much.
More shares in the market should help to boost the liquidity/volume.

Posted by Angielim9955 > 2016-11-11 18:29 | Report Abuse

gforce2 , thanks gforce2

Posted by Jacky Yip > 2016-11-18 22:24 | Report Abuse

它建议五配一附加股 @ RM1.16