Sellernya and its staff di Sarawak kata Power Root terminated KTC to carry their products and KTC seems to decide kelam kabut get BRAND'S Suntory. Bhd. CEO mereka macam go circulate this news he got new agensi sebelum bursa announcement to menarik orang beli sharesnya konon. As kena face BOD so kena tutup bad news with good news. Power Root terminate because management tak manage stok bagus di Sarawak. Byk written off. Apa BRAND’s Suntory jual sudah? Pati Ayam? Maybe boleh jual kat kedai mesra kot….Kelmarin gaji banyak sellers tak dapat commission and staff gaji sebab kena hold. Rasanya cash flow dah mula bergegar. Naik kemudian junam balik. Biasa lah tu
Bila company grows, the first visible thing that happens is cash gets tight more inventory is purchased, money can very quickly fly out the door. As anda gear up your debt for growth or are in the early stages of growth, some of the issues that may grow into problems as the company grows. Any issues that impact the cash flow of the company. Then address other issues including stok barang, management, collection, product development, supply, logistics and labour. From Bursa and last quarter results memang jelas semua masalah ini dihadapi dan tidak ditangani. Power Root termination di Sarawak juga because of masalah tak ditangani
Ada three ways to get capital. 1. Debt 2. Equity 3. Or a mixture/combination of debt or equity, or debt that can convert to equity
Cara yang paling mudah ialah debt. Tapi akan menjadi lemah bila Cash Conversion Cycle semakin teruk.
Net margin less than 2% with interest of overdraft yang meningkat dah berapa percent, belum kira interest on other borrowings dan juga hutang piutang impairment masa covid and mco tak dapat dikutip errr boleh cuba nasi blah tapi yang nyata memang jelas dipaparkan di bursa. Media is noise and kena difahami. Yang patut investors focus sekarang counter yang balance sheet kuat. Btw orang kata gardenia West Malaysia lebih sedap dari East Malaysia entah benar atau tidak. Tapi yang pasti memang buat roti is not the kekuatan sebab kalau kuat memang nyata dah lama dulu. BURSA pun dah juga suruh investor focus on counters kuat balance sheet masa ini. Memang banyak pilihan seperti roti brand juga di pasaran
Transporter & logistic based co has cheaper overhead cost as oil price has been reduced tremendously. This will translate into better financial statement
Ya correct tangen 1985..recession time people dont hv enough money.. Many jobless. So people will spend their money for food only.. Ktc got advantage at this situation.. Ktc will up..
once the swing traders are out of the way then we should see KTC breaks out of its trading range and moves swiftly above its recent high 22 sen...current up trending still intact
no worry under consolidation for almost two years since 2018 and the swing cycle has been shortened from 3 months to one month...so we should see a good tiding to last for at least one month into May
See KTC boss parachute and selling and running like no tomorrow
DATIN LIM FOOK LEN @ LIM SU CHIN 18-May-2020 Disposed 10,000,000 0.190 View Detail DATUK LAU KOH SING @ LAU KOK SING 18-May-2020 Disposed 10,000,000 0.190 View Detail MR LAU WEI DICK @ DEXTER DICK LAU 18-May-2020 Disposed 10,000,000 0.190 View Detail DATIN LIM FOOK LEN @ LIM SU CHIN 15-May-2020 Disposed 18,000,000 0.190 View Detail DATUK LAU KOH SING @ LAU KOK SING 15-May-2020 Disposed 18,000,000 0.190 View Detail MR LAU WEI DICK @ DEXTER DICK LAU 15-May-2020 Disposed 18,000,000 0.190 View Detail DATIN LIM FOOK LEN @ LIM SU CHIN 13-May-2020 Disposed 25,000,000 0.190 View Detail DATUK LAU KOH SING @ LAU KOK SING 13-May-2020 Disposed 25,000,000 0.190 View Detail MR LAU WEI DICK @ DEXTER DICK LAU 13-May-2020 Disposed 25,000,000 0.190
indeed why the major shareholder sold?? we just take the latest illustration sold 19 sen on 18/5 ...see what was the price traded then it was trading in the range 21 and 22..5 sen..why indeed?
For all those asking why director threw shares. I could be wrong but if you refer to page 112 of annual report 2019. You will notice there are around 24 mil RCPS options expiring on 1st July 2020 (exercise price .15) . Also note point 3 which talks about it not being able to be exercised if public shareholding spread falls below 25% ( before this sell down Lau family holding 72.xx percent).
Therefore it could be possible that they throw first and then buy back soon via exercising this option.
^ if sell down for any other reason apart from above then I'll be worried lol. Let's see come July 1st
You nailed it Getonwithit. Well well kisah benar sudah unfold. It is to do with the redeemable preference shares which were issued during IPO and due for redemption soon. In order for it to be redeemable all Directors must sign a SOLVENCY STATEMENT for it to be redeemed and this is quite tough especially looking at the KTC Balance Sheet. Furthermore, no money, impairment of trade receivables and probably coming stocks also not welcomed and cash crunch. So what to do sell shares at the most desperate time and also bad timing especially masa virus covid mengganas. If you take a look at the group structure memang tak cukup duit: SHARE CAPITAL STRUCTURE
• KIM TECK CHEONG SDN. BHD. RM 600 K – anchor subsidiary as mentioned in BURSA
• KIM TECK CHEONG DISTRIBUTION SDN. BHD. RM 1 million – loss making subsidiary high gearing
• KIM TECK CHEONG BRANDS SDN. BHD. RM 2 (Dua ringgit sahaja!) – dunno what it is for
• KIM TECK CHEONG (SARAWAK) SDN. BHD. RM 1 million – lost Power Root agency due to inefficient management
• KIM TECK CHEONG (BORNEO) SDN. BHD. RM 1 million – P&G only. Possible risk of losing agency as 100% sole concentration
• GARDENIA BAKERIES (EAST MALAYSIA) SDN. BHD. RM 500K – said want to conquer the world! Used to be Kim Teck Cheong Tawau
• CREAMOS (MALAYSIA) SDN. BHD. RM 500k – loss making for so many years. Revenue peanuts
However, maybe some own kaki will buy the share kaw….see who is the kaki loh yang willing to take up KTC debt and gearing position loh. tengok nanti auditor berani to not impair or not loh. lot lot of interesting adjustment
Darksoul it's simple.... director can only exercise option provided public shareholding spread remains below 75%. So director sell of some at .18-.19 .....then buy back ( via option exercise at .15)...if don't throw first then cannot exercise option to buy at.15 (which is below market price). The .03 difference nice profit.
Exited this counter last month after holding for 4 years lol.....I think given the thin margins , further softened consumer sentiment and high finance costs ( balance sheet also quite stretched)..... minority shareholders like us hard to get anything back . Directors at least can still get fees and all lol. Hope it gets goreng-ed in the near future for y'all. Good luck
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Posted by Pudica > 2020-04-01 11:07 | Report Abuse
suddenly up and up ... ?