Earnings low due to first q low sales coupled with heavy investment for vuse launch. Earnings rebounded Q2, and absence of such heavy investment should see EPS be higher going forward. Big drop last week mainly due to rebalancing (sharp drop nothing to do with specifically with business).

Nice if it drops more this week - can average down a bit. To those who sold all the best, to those buying/just bought all the best too

over the last few months : checking on social media channels and a roadside area where mall working smokers usually smoke (as a sample) - i notice less complaints about unable to get illicit cigarette stock as well as more illegal boxes on the floor. therefore I do not expect this quarter to be better than last year's quarter. Delighted if proven wrong though!

Also i hope the company gives more details about their Settlement with the Health Ministry as per announcement on 22/6.
The case was with regards to the following :
https://www.theedgemarkets.com/article/bat-accuses-health-ministry-selective-prosecution

@ bullrun if looking at dividends over 20 years .....maybe u can also consider BAT.

only plus side about glove companies is all of them are Capex is low and all are in wonderful cash positions.... so maybe harder to get caught out the way many O&G companies did ( i.e exxon , bp , sapura , etc)

"Glove makers are expected to continue recording stronger quarters, backed by higher ASPs, increase in production capacity, and higher economies of scale."

^ Just so you know , during the oil boom this was the expectation for O & G companies....among reasons cited was growing population hence more consumption, low oil prices were a thing of the past.

Tomorrow retailers holding glove counters might panic sell and dive into BAT and other such counters. Dont be surprised if tomorrow up another 70 cents lol

Turkish currency crashing, so their investment there will be impacted

RV industry in US booming not benefiting this counter?

Another political appointee on the board today??

Turkish Lira drops to an all time low. TNB got investments there

Passivereturn if you bought this stock for its dividend then no need to worry ...unless you foresee the dividend being GREATLY slashed/cancelled. The Company should be able to continue to pay dividends in the years ahead.

Stock trading very oddly, protected from falling?

Exited this counter last month after holding for 4 years lol.....I think given the thin margins , further softened consumer sentiment and high finance costs ( balance sheet also quite stretched)..... minority shareholders like us hard to get anything back . Directors at least can still get fees and all lol.
Hope it gets goreng-ed in the near future for y'all. Good luck

Regulation of the vaping market will bode well for BAT.

Next Q return back to Green. Till then hopefully price fall back to .7x

the company's balance sheet is so clean. Also note that their Cash Flow Statement during this 'MCO' quarter was pretty good. See if they can return to profit , for q ending September.

The 'prospects for remaining period of current year' section has an unusually downbeat tone (Usually companies like to at least add the word OPTIMISTIC somewhere lol).Very odd given company has been reasonably active in buying back shares during current quarter

https://www.bloomberg.com/amp/news/articles/2020-08-07/timber-touches-record-with-lockdowns-spurring-renovation-revival?__twitter_impression=true

Imvu don't worry 87 months to expiry lol

RV industry very busy in US

Pls note , they booked a ton of sales in the last few weeks of June ( after MCO lift off) due to a lot of stores replenishing ( pent up demand ? ).

Chua I thought they shut down the plant here already

My office smoking area all smoking vape. Roads in Bar area early in the morning , I see empty packets of illegal ciggs. Just wondering how low can legal ciggs market share drop in next 2 yrs

Why drawdown on credit facility to pay dividends ?( Refer to statement of cashflows in Q report)

Sry, *public shareholding spread remains above 25%

Darksoul it's simple.... director can only exercise option provided public shareholding spread remains below 75%. So director sell of some at .18-.19 .....then buy back ( via option exercise at .15)...if don't throw first then cannot exercise option to buy at.15 (which is below market price). The .03 difference nice profit.

For all those asking why director threw shares. I could be wrong but if you refer to page 112 of annual report 2019. You will notice there are around 24 mil RCPS options expiring on 1st July 2020 (exercise price .15) . Also note point 3 which talks about it not being able to be exercised if public shareholding spread falls below 25% ( before this sell down Lau family holding 72.xx percent).

Therefore it could be possible that they throw first and then buy back soon via exercising this option.

^ if sell down for any other reason apart from above then I'll be worried lol. Let's see come July 1st

Their court case ruling got pushed back to September 2019? Is that What the CIMB report said?

Anyone have any comments on the revaluation of its PPE ?

Company seems to specialise in missing deadlines! Lol

Cash balance after this Q shld be very low USD wise

Steven noted, same with me . My annoyance with This company is exactly what Yongch said(but since holding a little bit only I didn't sell off yet). Anyway I happen to see ur comment on vs industry too : are you a shareholder there as well? If so do you mind sharing your perspective to anyone considering looking at that company?

Btw I think we shld also note that during bad times companies with high debts face double the trouble (ie sapura, ktc , armada) .

Steven if u don't mind sharing how long have you been holding ktc ?

If anything Ananda Will most likely use sale proceeds towards astro or to purchase armada assets that company plan to put into the private trust.

I urge you all to look at the comments here 3 months back...at that time price was 40+ cents and that was Said to be the bottom (syndicate pressing down la bla bla) . From there the price is now 16 cents and new ppl are now here saying the same thing hahaha. You know what they say : even a broken clock is right twice a Day.

Get real ppl : This company is facing very real issues . If what pearlwhite is saying is true then good luck to us !

A clear underlying problem with Armada is their clients mostly seem to be not so solid financially... Look at enquest (kraken), Erin petroleum (perdana that has since been suspended), armada Claire (terminated), and now the one where they are rumoured to be frontrunners fpso karoon (that one also client got problems)....you can see why creditors are nervous to retsrtuctre their loans.Long story short... This price collapse is fully justified. I don't buy the syndicate nonsense talk... Same ppl have been calling the floor on the price since it was at 4xx.

Steven What do u think of the 6 million of ipo proceeds being redirected for working capital use?

Cash flow still bad

http://www.theedgemarkets.com/article/bumi-armada-financials-are-worrying

That means another 120 million dollars will be paid out this month

I've noticed that Pearlwhite has been very accurate with most things he's said for the longest time....if its true debt restructing failed then habis. Thanks Pearlwhite

https://www.thestar.com.my/business/business-news/2018/11/27/bumi-armada-q4-profit-seen-to-be-lacklustre/

Oil continues its slideeee, with these results and sentiments.... Monday should be interesting. Those who haven't bought in heavy yet, no worries and no rush! Let our regular commentors talk about syndicate, manipulation, etc lol

Superbull plunge to 30 sen would be great....cimb research report last month said a favourable verdict in the armada Claire case could be worth upto 20 cents per share best case scenario !.... Risk reward tradeoff, so far only downside but hey the lower it goes the safer it is to go in haha

Mikekim did u collect armada c45 also?

No dividend this year? :/

Maybe because of worries that there will be an Announcement of Project win along with a Rights issue? (if true vlcc purchased recently then must have secured a project right)

http://www.klsescreener.com/v2/news/view/434172

As per the cimb research report more than USD 100 mil each due next month and December. big players maybe waiting n seeing what management's plan is? Also just a random thought... There's always a privatizaton rumour around AK's counters whenever they are beaten down. How come no such news for armada? Lol

Non independent director resigned as per their last two announcements....what do you all think