@warchest thanks for the info, sigh... such a huge sum written off

yc88, becoz you make too much noise without anything constructive view. but its okay, keep doing it to kill your time.

Sabah has lifted timber export ban starting 3 Jan with limited quota, look at focus lumber.
Let's wait and see Sarawak will follow.

johnt299, the EG project issues has been raised in AGM two years ago, are you refering old reviews or latest review?

what's this > Write-off of £4.6m (approx. RM26.2 million) planning costs incurred mainly due to a decision to not proceed with the acquisition of the Gurnell project under the EcoWorld London portfolio;

Johnt299 here's the news about the 1600 units
https://www.mylondon.news/news/east-london-news/fresh-pictures-reveal-what-new-22191865

yc88 why are you still monitoring Jayatiasa? since even CPO price goes up, the share price comes down. better sell and close eyes on it.

@insiderShark I have normalised the cash flow, not against the previous quarter. if optimistic, it can reach 200mm, but that's all time high.

1.6 seems good if benchmark against historical and market force(which is unpredictable), but I rather benchmark against cash flow for more safetyness.

SKP has expand their factory cap before MCO, does their 60% capacity includes their new factory?

It would be more clear if we know how many assembly line they have, run rate etc.

just be patience and wait for market to reflect EWINT true value.

they just announce getting approval for another 1600 units. estimated begin building 2023, complete 2025. :)

Current marketcap is 2.4b.
estimate normalize free cash flow around 150mm, thats still more than 15X.
In view China consumer spending contraction. Looking forward for it to drop to around 1.5b market cap for more buffer before enter.

keyman, do you collect anything at 1.33 ah? 30% upside in one afternoon session woh

today volume in 30 minutes is >400mm shares, way more than the combines volumes of past 10 days.... so interesting. can someone analyse whats going on?

anyone counted the volume traded for past 14 days against the number of holding by institution investor?

ataims current asset-liability is around 337mm, per share is around 0.28 per share.
operating expenses is 50mm
Rough estimate: assume coming two qtr until dyson contracts ends will cost them 100mm, left with 2/3, hence its 0.18 per share.

5. when life is difficult, sweet products will be in demand. chocolate + ice cream are among it > palm oil usage.

When food price rise,

1. more wheat rice product will be consumed over vege/meats as its more stomach filling. And one of the most economical way to add taste to such is deep fried > Palm oil usage

2. More will substitute butter with magerine > Palm oil usage

3. More dairies will be consumed as they are high in calory and value for taste due to scale of manufacturing > Palm oil usage

4. Mass will need to work harder, and have less time for meal preparation or a proper meal, hence resort to take away. Deep fried Stir fried is a large category in takeaway, besides taste its also easier to consumed compare to soup based. > Palm oil usage

Is the spike in edible oil price since pandemic due to supply issue? or change of lifestyle?
should be a mix, supply issue at the beginning, and follow by change of lifestyle and spike in cost of supple chain (especially transportation) .

ESG only applies to US and EU, india china dont give a shit on ESG. lol

partially match at 0.585.......

how come cant queue lower today? is there a monthly gap down limit?

broad panic selling is on the way, whats the rush catching now? wait till Jtiasa drops below 60 sen lah

wait for market to speculate the spillover and sell out on skpres VS, then can buy at bargain price.

its okay, stay low, can sapu more.

revenue steadily climbing for 2 consecutive qtrs.
positive free cash flow for 2 consecutive qtrs around 70mm per qtr (after paying borrowing interest)
net debt decrease from 1b in Q1 to 853mm in Q3.
Metrod is a capital intensive business, their net debt is on par with working capital required, which points to management is pretty good in capital management.

if Metrod could keep churning out FCF of 200mm a year from now on, within 4 years they would be able to pay off their debt(althour unlikely as better to borrow and grow) and operates the largest mill of the region.

total shares issued is mere 120mm, FCF200mm means that's RM1.60 FCF per share, way more than their current share price...

If the FCF could sustain, METROD will worth ~RM10 based on 6X FCF.

SKP and VS has invested a lot in automation, and have long relationship with Dyson, both margin are actually improving.

ATAIMS gross margin is only 6%, while SKP VS enjoys 10%. and ATAIMS cash flow is not as good/consistent as the other two as well

wait till it drops back down to 1.80, buy back again...LOL

Wow, how shocking, with such thin volume! and i key in for fun at 2.33 all matched

ata loses about 2b market cap , from 2.40+ to 0.82, if skpres add 1b market cap, share price should be 2.30-2.40. would that happen?

ata ims loses dyson contract, if split by skp and VS, fat tat loh

anyone attending agm? Calvintaneng?

Though revenue is down q2q.
But if dig down to look at the cash flow, That's a different picture

Free Cash Flow from 20Q2 > 21Q4
23,133 4,792 35,020 47,125
*FY20 q3/q4 incurred futures loses

With short of labor and record low harvest, they generate 47mm free cash flow.
finance cost of 8mm, net would be 39mm
if maintained for 4 qtrs, thats 160mm free cash flow (on the back of mere 656mm debt)

Let's see if production ramp up in coming months with labour inflow.

@yc88
if all CPO counters price shoot up, will you buy along the way?

why ataims margin and operating cash flow so low despite higher revenue than SKPRES? skpres has even a plastic segment which drags down their margin.

https://edition.cnn.com/2021/11/16/business/germany-russia-gas-nord-stream/index.html

as long cpo price above 4k, can ignore noise
the cost to break even is 2k. 4k = 50% gross margin.
currently its still above 5k , 60% gross margin.

danny123 I'm pretty amazed by your persistency in repeating similar message.

since you follow the share price movement and the operator closely, why don't you run away along with the operator too? why bother to be here if you are not vested?

Jtiasa debt is reduce year after year, with consistent positive operating cash flow since 2012, avg above 158mm per year(after paying borrowing interest)

They spent heavily from 2012-2017 on capex, which drag the free cash flow to negative territory, but since 2018, they have been FCF positive. Depreciation on timber plant past few years has resulted losses on income statement. Not sure why they do such, maybe tax related.

If those plants are still there and maintained, when the timber session business recovers, that will boost the operating cash flow further

Jtiasa has close to 1billion share issue, with 160+ million free cash flow in 2020, that translate to 16 sens per share. at share price of 70-80sen, that's ~20% return on operating cash flow.

Assume they don't spend heavily on expansion, just 30-50 maintainence, each year their cash vault +100mm just on palm oil sector alone, more than sufficient to pay down the debt.

abang misai, weak management blah blah blah so many issues yet you haven't give up following Jtiasa forum, why?

Stay Chill

https://www.thesundaily.my/local/malaysia-s-readiness-to-bring-in-32000-foreign-workers-is-subject-to-mous-mpic-NH8494618

https://www.foodnavigator-asia.com/Article/2021/10/25/Palm-oil-supply-pain-Fears-Indonesian-output-may-not-meet-global-demand-as-economies-recover

Would there be a hostile took over until Karim has to sold warrant to load up shares?

though the share price fluctuate up and down with CPO price, i think as long the price is above 3.8k for CPO, its crazy profits. Just wait for the debt to be pay off, timber back in full operation or worst management propose privatisation.

Question: if the plantation is under harvest for many qtrs, would the quality and quantity of coming quarters be much much better, like body recovery? any palm oil planting expert here?

people want to fly? yes!

people want to take down their mask to eat in airplane?

Great news from Indonesia for Boilermech

Indonesia, the world’s biggest producer of crude palm oil, plans to stop exporting the raw commodity eventually, shipping refined products instead

https://www.theedgemarkets.com/article/indonesia-plans-stop-all-crude-palm-oil-exports-eventually

(Oct 13): Indonesia, the world’s biggest producer of crude palm oil, plans to stop exporting the raw commodity eventually, shipping refined products instead

https://www.theedgemarkets.com/article/indonesia-plans-stop-all-crude-palm-oil-exports-eventually

Go to sleep, see what happen 3 months later. see if they buy any futures again. hahaha

bang misai, why MKH is best managed?

seems like someone want Jtiasa to stay cheap, and cheaper to take private. just keep buying all the way.

offer only 0.65, so how come share can shoot to 1.30? the NTA is RM3, so unfair!

there's a feature called "translate in browser".
and not all info is available in english or malay, and no one has time to manually translate for you.

grain news: Soybean stocks in the country as of Sept. 1, 2021, came in at 256 million bushels. That was well above average trade guesses around 175 million bushels, but down from the 525 million tonnes in stocks reported at the same time the previous year.

Bloomberg : U.S. Soybean Meal Export Hub Damage May Take Months to Fix
By Kim Chipman September 25, 2021, 5:33 AM GMT+8 Updated on September 25
The disruption puts yet another kink in global supply chains with the U.S. still reeling from the export chaos caused by Hurricane Ida in the Gulf of Mexico, home of America’s busiest agricultural port. The terminal in Grays Harbor handles the bulk of America’s soy meal shipped to Asia from the West Coast.

Supply tightness in soybean oil market making ways for sunflower oil
in Dry Bulk Market,International Shipping News 04/10/2021
The sudden rise in demand for biofuels is causing supply tightness in the soybean oil market, which is likely to persist until 2022. Alternatives such as sunflower oil will benefit from this situation.
... This supply tightness is likely to continue as Brazil’s soybean oil production is expected to be lower in 2021 than 2020. The country’s blending mandate will also increase from 10% to 13% in November 2021. Argentina, the biggest exporter of soybean oil, is also expected to lower its exports until 2022 on accounts of higher biodiesel use. The domestic consumption of soybean oil is expected to increase by 1.8 million tonnes in the crop year 2021-22 to 61.4 million tonnes compared to the previous year.

with more vaccination roll out, christmas coming, follow by new year, follow by CNY. will this drive demand for seed oil?

I'm more worry management find funny funny ways to make it appears to loosing minority shareholder money. The maangement is not communicative.