Someone is testing the Mieco

Reversal
Ride on now

Allow me to add one more trait number eight
The trait to talk lesser:
I found people write the article very often and very long and it is due to they are insecure that is due to they didn't make much money from tee market so they need to focus on it and spend more time to write up
However the people who make a lot of money will soon find thenselve has better plan to do and they write lesser and less often because they need to use the time more efficiently
I notice it when someone used to be very active in 2014 now talk much lesser, it is a coincidence?

What about evergreen?
Which is more expensive?

They promise a dividend pay out by early next year of 2016
I wonder how they can do it when their cash is running out fast
From 74m to 50m within one year?

I do not own any of the shares
It is not my responsible to defend it
But I has plenty of questions to ask them
Hope their investors can explain it to me

Need to open a new account to make this blog?
How to trust a guy who has zero post counts

KUALA LUMPUR (Nov 20): Evergreen Fibreboard Bhd (EFB) announced today that it intends to undertake a private placement offering of common shares at a price to be fixed at a later date, to finance its development and business expansion,[b] repay borrowings [/b] and for working capital.

Good news they need money now
-To repay their bank loan <<--- do I need to explain this???
-working capital? <<--- may be they gonna increase capex??
-business expansion? <<---may be they want to venture into different sector?? Who know??

Eagle head is a sign of hunting small fish
Those followers will be hunt down one by one

Do you want to see my dad for proof of source?

Quote from my dad
It is very bad to borrow so much money

Borrowing over 167m?
Why need so much?

Tin kosong can't even come up with a point to argue
I am not gonna waste my time and effort to make them feel better
If you are not happy with the result
Sell it
What is the big deal

Most people will just look at profit and renevue
They should buy property related share too
Their profit is amazingly high
And so their renevue

Please share your view about the poor result
And what is a good result to you
Please also included all your calculation and your valuation methods
I am very interested to heard from you

Do you have any share on Mieco?
And why do you worry so much about it

They can sell on Monday at higher price I had no problem to buy from them
Because Mieco can go up even higher and the longer I hold it the more money I can gain
So why do I need to sell when I can have more reason to buy more

Didn't know it is acquired by Singaporean
Thank for the info
Can you compare it with Hevea?
Because it is more appropriate to do so

It is super saiyan

Liabilities increase is very normal for every growing business
It is the ingredients in the liabilities that is crucial
Since the borrowing is reduced it imply the increase isn't a bad decision
What has increased is trade payable which is very positive for every business

I come here and waiting for show

The company can be debt free by next year if it can remain the operation at same pace

There is also a 35m renevue to be realized from the sales of asset
I believe it will further reduce the debt of 90m to 55m
Consider the cash of 15m and 55m borrowing
soon enough the company will be in net cash position

Evergreen make a lot of money
Why can't they increase their cash?
May be they make too little money?

Mieco also make lesser money
But Mieco can increase their cash
It is some food for thought

I am not optimistic with evergreen
But it is the only way to compare them to show the picture bigger

It show evergreen make too little money until they need to spend cash on repayment to the bank of they are running out of cash they may not be able to pay debt

However Mieco make enough money to not only repay the debt and also has the cash left to run the business

Compare to last year evergreen cash reduced to 50m from 74m
While borrow is reduced to 216 from 236
In the other words evergreen use the cash the pay debt

Mieco not only reduce the borrow but also increase the cash
How do you compare both of them

3. Prospects
The Group is optimistic of achieving improved results in the current financial year. Notwithstanding the slowing and uneven global growth including the strengthening of the US dollar, the Group’s focus remains in responding quickly to market changes backed by strong after sales support, lowering production costs and improving productivity.
The Directors wish to report that the relocation of the Group’s Semambu plant is well under way according to the timeline set with the first phase comprising construction of a new warehouse building and relocation of existing melamine impregnation line, anticipated to be completed by year end.

345m
31.548m
Monday open 1.4 at least

Let me tell you I collect more today after someone sell call

Overvalue?
Based on what calculation
Can show me some proof?

Tp 1.70 is achievable

Cash increase to 15m from 5m
Borrowing reduce from 100m to 90m

Excellent result

Result today?

Bought some again yesterday 7.80

No worry we are generous
We can forgive them

Top gainer for everyday until the next 2 weeks

Sold house already

I had see the price went up quicker after I sold them
And I swear to myself unless it went down to x or I won't buy it and you know it went even higher and it is no turning back to me anymore

Good time to enter now
Will sell house sell car buy again

It is ok to drop now

Sell to me

Congratz!!

1.5
Can eat shark fin abalone lobster all can eat

Hahaha
Mieco give me money eat
So thank to Mieco instead

Today eat abalone who want come over

Still cheap or too expensive

Wow

Lcth big benefiting of ringgit depreciation
Both export to sgd and usd which is highly valued currency
And also benefiting from low oil price of all time low
As soon as oil and ringgit do not recover Lcth has the biggest chance to make twice profit merely from low oil another twice more profit by low ringgit, Lcth has two big advantages in this market condition, even if the ringgit recover, Lcth will still benefit from low oil price and vice versa