@Amazonboy, agree with your comment. VT must believe that SEM is worth way higher than RM2.38 as he got the company to buy back shares up to RM2.38. He must also believe that Caring is worth higher than RM1.3 billion price tag if he decides to hold on
VT oso want to make $$...we have to trust his judgment...since he believe can get higher price
share price rebound is on the way. I think this round the share price uptrend will be fast as weak holders and goreng kaki have been washed out, now left only VT to control the price movement
If VT has the ambitious to go big in 7 Cafe business, they need at least another RM 400 million to expand the number of outlets to 1000 units. Tealive Malaysia got 800 outlets lor.
yes another RM400 million will be needed to expand 7-Cafe outlets to 1,000. SEM may fund it through 2 years of operating cash flows or selling all or part of Caring.
But I do not think it will go expand so rapidly (add 1,000 outlets in 2 years), maybe current pace of 100-150 outlets per year is ideal, or could go higher at 200-250 outlets per year if it manages to sell Caring
7cafe is nonsense la, we all know how dilapidated 711 stalls all around msia...u tink sudenly 7cafe ard and they can win market share? the perception of dingy 711 is bad, i dun even wana step inside it. the only bright spot is their pharmacy biz. other than that...what 711 growth??? if growing, then now already monopoly coz they started doing it much much earlier than family mart or etc.
Not sure why majority thoughts that VT will sell Carings, the prospect is so good and still appreciating, I see no reason why have to sell it now, caring revenue is the supportive for 7-11 revenue, if VT need money he can find others way to fund it la, old 7-11 has losing streams, new 7-11 yet to prove as strong revenue generator, don't be so optimistic, the share price can go down to 1.2 or below.
the excitement is gone? next thing to watch is what happen after SBB hit 10%, if VT start coming in himself, then it's party time all again...but if not, then, hope will settle higher than prev.
When price is sky high, co. bought 8 mil shares...when price plunged back 30% to only severely overvalued(vs insanely overvalued),co. only bought 0.0021 mil shares...proves my point that the whole move from 1.55 to 2.46 was artificially orchestrated to force donations for election purposes lol
i really duno how the CFO can answer to shareholder that he used company money to goreng until so high with SBB and now 711 saddled with huge paper loss...
i left 711 with +30% profit, i must thank 711 shareholders
7-Cafe is the future and it will help SEM to fend off competition from other convenient stores. Transaction size per pax has inceased by over 15% y-on-y to RM8.43 in 2Q2022, pushing gross margin to a high of 33%.
Same-store-sales growth achieved a good 44.1% in 2Q2022, helped by higher transaction size per pax and longer operating hours for certain 7-11 convenient stores.
The numbers speak for itself and these will only improve further in 2023 as more 7-Cafes are opened and as Caring pharmacy expands its network in East Malaysia
SEM lost her virginity to the election syndicates already...they have already gone over to play with Karex & others...don't get trapped here with pathetic dividend yield & severe overvaluation!
Buyback engineered to steal $$$ to put into politicians' pockets...Proof? Buyback stopped shortly after price plunged because politicians tipped off earlier all sold & run off with the spoils lol
result is good, though the pharmacy segment still registered low margin.
Q3 Gross profit was steady at RM275.7 million with healthy margin of 28%. High operating expenses and abnormally high taxation rate dragged net profit to RM16 million which is 79% higher than last year.
Operating cashflows were strong at RM275 million for 9 months ended 30 Sept 2022, annualised to RM366 million. Capex amounted to RM59.9 million for the 9 months, within expectation. Annual free cash flows may amount to RM366m - RM80m = RM286 million or 23 sen per share.
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treasurehunt
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Posted by treasurehunt > 2022-11-04 12:33 | Report Abuse
If SEM doesn't sell Caring unit, the company will be stucked in the middle of expansionary mode due to lack of cash.