Highly profitable company. Their NTA same as Bioalpha, but making much more money. If they pump their profits in the prospectus leading to the IPO date, then this stock will crash to 20 sens
Hopefully we are not buying into a company run by crooks. Their ability to churn profits is very strong. Even without the new factory they are making as much as Bioalpha. Strong ability to pay dividends too. It is even more difficult to read a business than reading TA, i just hope I didn't get it wrong.
Posted by Foker > May 13, 2020 6:07 PM | Report Abuse
Highly profitable company. Their NTA same as Bioalpha, but making much more money. If they pump their profits in the prospectus leading to the IPO date, then this stock will crash to 20 sens
Foker 154 posts Posted by Foker > May 13, 2020 6:09 PM | Report Abuse
Hopefully we are not buying into a company run by crooks. Their ability to churn profits is very strong. Even without the new factory they are making as much as Bioalpha. Strong ability to pay dividends too. It is even more difficult to read a business than reading TA, i just hope I didn't get it wrong.
Foker 154 posts Posted by Foker > May 13, 2020 6:10 PM | Report Abuse
Margin of safety is not there. If I am wrong and they are lying about their profits, then i will lose big.
Whts the worry? Selling is good and well absorbed. shows more interest. U can’t go wrong w the Healthcare sector, esp so when its the only sector to register Earnings every next quarter. Wait till earnings released, by then everyone will be rushing back to buy. Nova has good dividends and masdive capacity fr its new factory. Its gonna many good quarters to go.
Yup, registering 25% growth. The point is nxt coming quarters when others wld be registering plunging earnings/losses, Nova will still continue to grow. The new factory wld provide ample growth. Stay invested healthcare, esp one that has earnings and growth.
Actual profit should be 4.23m if without EXTRA: i) Other operating expenses -1,269,7049(3Q) vs 93,240(2Q) = extra 1.176m due to provision for doubtful debts and stocks obsolescence ii) Selling and distribution expenses 1,163,477(3Q) vs 834,413(2Q) = extra 0.329 due to higher accruals of marketing campaign expenses for NWPP, increase in staff cost due to upward salary revision, accruals of sales commissions for sales staff and higher logisticand transport charges.
Total profit should be 2.722 + 1.176 + 0.329 = 4.23m
The Group will continue to focus on growingits market share and continuing its research and development on its new products for the remaining financial quarter of the FYE 30 June 2020and into the new financial year.Barring any unforeseen circumstances, the Board believes that the Group’s prospects in the financial year ending 30 June 2020remains positive
The construction of the new GMP Plant had commenced in August 2017 and Phase 1 is completed and have successfully obtainedthe Certificate of Completion and Compliance (CCC) on 8 May 2020.Constructionof Phase 2 shall commence after physical occupancy ofPhase 1.
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....
sharkdododo
98 posts
Posted by sharkdododo > 2020-05-13 09:21 | Report Abuse
CONTINUE THE STRIKE! JUMP ON THE BOAT BEFORE TOO LATE