(Forwarded) Something very funny and I would like to share it out. Will see if key person would like to clarify it.
It is about the Segment gross profit on sale of unredeemed or bid pledges from the QR.
The GP margin was just increased slightly from 11.3% to 12.98%. How come that little?
Most of the time pawn shop doesn’t give 100% loan amount to the customer, they may disburse loan up to 80%-90% from the actual value. This means they have a 10%-20% minimum profit margin in case the item was not redeemed and goes default.
Besides, the gold price (MYR/gram) has been soared from 250/gram +/- (Oct 22) to 280-290/gram +/- (Jul-Sep 23). It is >12% profit margin.
Easy calculation, (10%-20% minimum profit margin) + (minimum 12% extra gain from gold price)
The segment GP on sale of unredeemed should at least 22%, and up to 32%!! But how come only 12.98%?
Appreciate the key person willing to take this seriously so that the public know what it’s happening.
@speakup. Most of the pawned items are gold, so, PPajack will make more when the gold price rises if they resell them (after people don't reclaim the gold).
is a pure retail stock. no iliot fun to do harm n damage. all top 30 big s/holders r individual with total control of high 83.5% of paid up capital. the list was dated on Mar 31st, 2023.
refer to page 122 of its annual report 2022. +++++++++++++++++++++++++++ INVESTORS, [2023-12-28 3:16 AM] PPJACK a super A1 stock like HEXTECH at 480 b4 its hyper bull run to 3000, is awaiting for the last person to sell all at 105-108:
To chloe It from 37 cents to rm 1.12 by chart.no fake.net 200 percent upward. If chloe say is up need to break 1.10.the longer no break,the lower the chances continue up.tq.no offense. 24/2/24 5.50pm Sell call pappajack 1.03 Tp 70 cents range. Boss will ply trick 5/2/24 6.42pm
Pappajack 1.02 Tp 80 cents range and see from there.no point of buying too high. 23/12/23 10.37pm
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FinanceInRealLife
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Posted by FinanceInRealLife > 2023-09-19 18:38 | Report Abuse
We discuss here: https://www.youtube.com/watch?v=8WCfm0UbKL0