GLOBETRONICS TECHNOLOGY BHD
KLSE (MYR): GTRONIC (7022)
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Last Price
0.625
Today's Change
+0.02 (3.31%)
Day's Change
0.615 - 0.635
Trading Volume
7,291,600
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
17 people like this. Showing 50 of 7,938 comments
EPF exit GT due to founder cashing out. Possibilities of GT has now found it's footing after the drastic fall in the stock prices
21 hours ago
Gtronic will back to above rm 1.50 at year end tech frenzy ! Vstec = rm 6 , ranhill = rm 2 , ytl = rm 4
21 hours ago
They didnt change the external auditors at the AGM as a normal procedure and process but they are said to compel the auditors, KPMG to resign before expiry of their terms of office. It is believed that the external auditors have unfolded some irregularities for which the Company was not happy...
21 hours ago
Until the company has addressed the said issue, it is unlikely that the share price will spike...
21 hours ago
Why joyvest still here? Up 7 sen today still not a spike? What other stocks consider a spike?
joyvest
Until the company has addressed the said issue, it is unlikely that the share price will spike...
2 hours ago
18 hours ago
It's not what you think . more important how the market thinks.
Cheers to all those who buy Gt after the price crash
17 hours ago
who are the new customers ? what is big project? Basically , it is nothing but all hearsays..........
16 hours ago
No need to bank on new customers, existing business based on the valuation now is cheap already
16 hours ago
Don't mind him, joyvest like to chase high. He will buy it after that good news comes out 😆
16 hours ago
Tmr another big wave
https://klse.i3investor.com/web/blog/detail/Trendindicator/2024-09-19-story-h469242264-Third_Eye_View_on_Globetronics_Technology_Bhd
16 hours ago
It's just the market trend and sentiment at the same time it happens that auditor quitting. The sales dropping is the reason the previous substantial holder and big institutions leaving this counter. The most critical thing is the new management's ability to secure more new customer and sales. Based on the latest report this company it is not as bad as serbk .
15 hours ago
From the company 's representation
" One of the biggest questions that surfaced recently was the resignation of KPMG as Globetronics’ auditor. While some investors were concerned about this change, the company has reassured everyone that it’s part of a normal transition process, following the arrival of new management. Globetronics is in the process of shortlisting a new auditor (likely to be UHY Malaysia) and says that this won’t impact its financial reporting or integrity. So, while change can be unsettling, Globetronics is confident this won’t disrupt operations."
They said the change of auditors is a normal process . Basically what is a normal process where the change takes place at AGM where the incumbent auditor is not re-appointed and new one is appointed. However , when the incumbent auditors have resigned half way through before the expiry of their terms of office, the change to new auditor is said to be abnormal and a lot of question marks usually negatives are arising for the Management to justify. It is believed that if if the mgt had been able to o justify, the incumbent auditors would not have resigned.
Very fishy to change half way...
15 hours ago
Just wait for the semiconductor theme to come back again then 1.30 is not a problem.
15 hours ago
EPF would have not exited its significant investment if they still had the confidence in the Mgt .
15 hours ago
The voluntary resignation of the incumbent auditors half way through before the expiry of their terms of office is a reflection of the negative implications of the financial reporting of the company and /or integrity of the mgt. Their mention of no impact on their financial reporting or integrity is untrue.
15 hours ago
If the new hired management which is rely on salary if they are not perform can easily be replaced.
15 hours ago
Some other renown osat company also manage only by management which is just rely on salary
15 hours ago
I hope we can still see joywest in this forum at the year end when gtronic hit back to rm 1.50 , dont hide in lubang buntut later !
14 hours ago
He will wipe his tears with his "vest" when Gtronic shoots up. En"joy", joyvest 😁
14 hours ago
Chg auditor with public annoucement is normal after 7 years , nothing fraud or cook with company financial , joywest is try to sabotage gtronic , maybe he is a glove tard that hate me when i said malaysia glove is a sunset business !
2 hours ago
All in gtronic at this 10 years bottom now , their dividen will be 7 sens atleast !
2 hours ago
As per their following representation , they have placed deposit to the customer to secure orders which is very unorthodox and unusual.Usaually, Customers would be required to place deposit/Advance payment to secure supply if the supply is in great demand. However, Gtronic is citing that they are doing the opposite.Would the deposit placed with customers to secure orders be taken as briberies or otherwise??
Their mention of 144 m is left in the cash reserve is already acknowledging directly that the alleged cash missing of 60m is still unaccounted for . Would the said cash be placed as deposits as claimed to secure orders ?? Who are the customers who require this kind of deposits?? As said, the Company is not addressing seriously the missing cash of 60m but just skimming through the matters of concerns. No wonder the incumbent auditors have resigned half way in protest.
---------------------------
Their representation
"Some investors have noticed a dip in cash flow and a rise in trade receivables in recent reports. This is mainly because Globetronics is placing deposits with multinational partners to secure new orders and business opportunities. While this has a short-term impact on liquidity, it’s part of a bigger strategy to lock in future growth. The company still has over RM144 million in cash, so there’s no immediate concern about its ability to fund operations and invest in growth"
52 minutes ago
As per their following representation, they are acknowledging the fact that the management is incompetent or they are merely passing the buck to the Management due to the pathetic sales . They are insinuating that there could be reduction in dividend payment if not none at all due to the sluggish sales. It is believed that the remaining cash of 144 m is depleted faster than expected due to poor performance.More cash would be used to pay deposit to the customers as claimed to secure orders. Do you really believe what they utter ???
---------------------------------
Their representation
"Like many companies going through a period of change, Globetronics has been the subject of rumours and speculation. The new management team, which took over in December 2023, inherited some challenges, including a shrinking order book and investment issues. As a result, they made the tough decision to adjust the company’s dividend policy. This was a necessary move to reinvest in the company’s technology and position it for long-term growth."
39 minutes ago
Dont be naive . Change of auditors before their expiry of terms of office is a serious matter and casts doubt on the financing reporting of the company and integrity of the management in handling the said matters.
37 minutes ago
The market is not as stuxid as you are . They know to discern the truth and lies... your ignorance is larger than your loss
35 minutes ago
Today 70 sen above ! U will regret not buy gtronic at this 10 years bottom price with 7 sen dividen later after they turnaround many osat project will shift to malaysia n gtronic will be benefitted !
26 minutes ago
Placing deposit with potential clients???? What kind of management is this? As a shareholder I demand an explanation for this.. I have seen this kind of scenario before.. ARBB was one where many analysts were talking big about it.. Going into IOT etc.. and growth potential etc. But the operators diluted the shares and made their money and !ARBB is down to 3.5sens. As long as some characters are inside.. I doubt if I will recover my losses
18 minutes ago
joyvest, thank you for taking the time to warn investors about FOC and for your kind words to some of them. We appreciate your generosity and wish you a restful weekend.
5 minutes ago
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Dont simply bodoh think gtronic = serb when change auditor bevause this is a very solid fundamental stock !
21 hours ago