paying off debts needs cash flow. Profit must be turned into cash can only settle outside debts.

Don't be silly. You think auditors will sign off fake reports at the end? You know the consequences?

glovetards, apa lagi mau cakap?

settle all the creditors and bondholders first la then only talk..

When we tell people the shares of this company was overvalued one year ago, there is always a reason why we came into this conclusion. Those who refused to listen, congratulations on this expensive lesson.

This fellow has no knowledge how stockmarket works. He just treat it as his own gambling table..

always steal other people's work. This is called plagiarism..

It seems all glovetards still haven't woke up yet. For the past 2 years, what have you learnt?

another baseless US-bashing article again?

at the end of the day, I just want to see the profit figure, not how many contracts you got. If it cannot translate into profit, what's the point. This company's history tells us more or less with its accounting system..

need a super virus like covid22 to be able to save those glovetards now lol..

this guy has been screwing everywhere..

Slow death is the worst in life. Imagine having cancer for 5 years before dying. For old people, what are they most afraid of? Not death, but Alzheimer disease..

the writer is just a lawyer which has no experience at all in accounting. He has no idea of what is GAAP.

RM1.20 is not impossible given that such huge share base after bonus issue amid downtrend in sales volume. Do you see anyone wearing gloves outside your surrounding areas except the dish washers? Even mask mandate is eased..

Why the need to cover a failed company share price movement everyday?

perhaps you are seeing the best value of Inari right now.

@qqq3333 you are an experienced trader. You know very well that nobody can time the market. Will you still buy Serbadk at 12 sen now? I won't.

It is very obvious, the AG did not follow the rule of law here. He did not go for the maximum penalty even though it was recommended by the regulators (SC).

@speakup what size of cake have you eaten or is there any leftover for you actually?

Director also throw shares. Did you all buy at the high side?

produce billions of gloves also no use. How many people are actually using? Some countries had even drop mask requirement.

local funds like EPF and KWAP all ran early, saving them millions in the process. Smart fund managers.

revenue is within expectations but earnings are badly missed..

if you really still want to hold stock, go for something like net cash company and better dividend yield. I will suggest OKA.

Value investors won't buy this kind of counter la..

This is one of the counters too dangerous to be averaged down. You can only average good fundamental counters with a view of longer term holding. Foreign and institutional funds have their own set of investing criteria. They have to follow a set of rules of their own. No funds will be coming into such counter. It is the punters playing among themselves now. With so many negative issues like bond default, bad loan repayment, facing liquidation, I really don't see any hope in this counter in the near future. Even there might be some technical rebounds, it will be short lived ones. It is improbable to trend above its pre-suspension price.

so many casualties today..

If every year is like this then this counter deserves a rerating. If not, better don't get yourself stucked high. One tsunami comes, you will become a bagholder..

even if there were a technical rebound, it will be a short-lived one. Not until the company able to pay off all its bondholders and creditors and then given a clean bill of health by the investment community. Otherwise, those who hold its securities, will become long term bagholder with no safe exit in place.

要錢不要貨

not many people understand the importance of cash flow to a company. It is like the blood stream. Only those with some accounting knowledge will able to grasp it. High receivables can also kill a company if it unable to turn it into payments.

sometimes can't blame KYY. He has been fed with dumb analysis by his dumb remisiers. Using last EPS x 4 and then divide by something then came his fairy tale cheap PE ratio. This is the worst laughing joke I ever heard in my 27 years in KLSE.

if you managed to sell above 30 sen, consider yourself lucky..

OKA offers better value..

this guy speculated for more than 40 years and learn nothing..

now you know why we prevented people from buying something that is not sustainable in the future.

Gold price is not a measurement for this counter. It should be the consumer consumption. The health of the economy. If Pappajack sold off the gold pawned, it will only cover their profit and some misc costs agreed with the customers beforehand. The remaining balance will have to give back to the customer. They cannot keep all the selling proceeds alone. This is governed under the Pawnbrokers Act 1972.

Nevertheless, this counter is still a very good investment due to its safe loans provided. Assets it is holding are very liquid. In other words, Pappajack is a legal Ah Long but with a smaller profit margin.

my advice to amateur traders here is don't touch this counter.

Umno DNA..

another round of dividend coming on the 4th quarter. Gambateh!

let's wait for another article from uncle KYY blaming the USA for China lockdown. 期待..

@amateurJR when did LKS was part of the govt?

As the company does not give out unsecured or personal loan, most of its lendings are said to be safe. No raw materials, no inventories, only high premium securities are accepted. As this kind of business falls under Pawnbrokers Act in Malaysia, not anyone able to operate a legal pawn broking shop as it requires a licence.

After these years, pawn loan still one of the favorite financing option for Malaysian. Why? It’s an easier and faster way to get quick cash by compared to get a loan from a bank.

did your stuped financial analyst recommend this garbage counter to you?

first of its kind in Bursa Malaysia. I have high hope on this counter too..

half past 6 analysis..

it is selling cheap for a reason.

Because he has some very dumb financial advisors to ask him buy all garbage counters..

At this point of time, property sector is still not good to look at. Infrastructure companies and building materials companies is still my preferred sector this year or two. Property sector won't recover in the next 5 years or more due to the pandemic and rising cost of living.