Guys, if getting rid of those rotten apples that are involved in corrupt practices in a new acquisition is view as negative news, I rest my case..... llet the ikan bilis to panic sell ...good luck .

Cheers...

It Mak Jenin for those who dream of limit down...... wait till the cow come home or when 6 feet under mayb ....over this legacy house cleaning matter in the company....

Cheers...

KingDavid @ - for clarity, since you have read and familar with the Q result ended 31st March 2021, please advise what was PING contribution to Dnex Q result by way of equity accounting and the average oil price between 1-1-2021 & 31.3.2021... I will then elaborate how the RM20M for PING was arrived at....

Cheers...

Guys , my take on Dnex final Q result:

a. PING acquisition was completed b4 30th June 2021 & it's my view that the full Q result can be incorporated in the reporting Q ending 30th June 2021.
b. Silterra result will not be incorporated as the take over was completed after 30th June 2021. It will be good if Dnex provide a short update on Silterra performance as at 30th June 2021.

Taking into consideration the above, my estimate of Dnex Q result will conservatively be as follows :

i. PING performance : RM20M
ii. Other Profit Center : RM 5M
Total : RM25M

At RM25M or annual projected profit of RM100M will translate to an EPS of 3.2 cts. PE of 25 equal to 80cts , without Silterra contribution.

I expect this Q result to be positive or else the company will release it earlier. They have till 30th Sept 2021 to release it. In between, once the sentiment is good and no political issue once Parliament opens next week, we can expect the result to be made known...

My 2 cts personal view on Dnex & to share only with those who take a long term view on Dnex only ....

Cheers

flash77 @ - this counter is not suitable for the retail or contra players... if you do not have holding power .....

If you have no patience, do sell out to avoid your trauma wanting the counter to LU....

A re-rating of the share is only expected when the contribution of Silterra is being reported like the 1Q ending 30th September ....


Cheers...

Trevor777@ - just wondering whether his Pea size brain is big enough to know how to use an electronic calculator....

For the past 2 weeks, RSS on Dnex is about 5.2M shares average 75cts ....if Dnex holds above 76cts , it will be interesting to see what these RSS Operators will do....

Cheers

I think the intermission time is up & those entertainments from the maroons & baboons and Tanjung Rambutan escapees is will soon be over ...

Let see how long they will continue be be around to entertain us or just quietly go back to where they belong...

Time will tell...

Cheers...

MiaoMiao7 @ you are right ..Salcon turned in good profit purely from the profit contribution from Gloves...

Salcon 2Q cumulative EPS was 0.87 and 2Q EPS was 0.95cts... what is your projection of Gloves business contribution to Salcon and what is their Gloves capacity..... do your maths ..

Also Salcon is twice the price of Johan with almost similar NOSH....you made your own investment decision..

Cheers...

Expected the following announcement in Sept & Oct :

a, A 4Q pr0fit of appro RM190M from the sale of Diner Club . That will increased the NTA to 32cts.

b. Expect an announcement that Johan has started commercial production for Glove for 6 line by 31st Dec ...ceterus paribus..I expect the company to provide an update on the Glove production by then

The above are positive new for the company and it may impact the share
price.

As patient investor, we will have to wait patiently for the 1st Q result ending 31st Dec , expected to be announce in Feb 2022, for further improvement of their profitability. It will no longer be in a lOss position like in prior year ...

For retailer for look forward to LU or active trading , this is the wrong forum for u....patience is virtue for those who invest invest in Johan, with a min 6 months time frame to see possible result.

Just a short update for Johan investors....

Good luck Guys & stay safe ..

Guys , what to expect from this boring and sleeping beauty in the coming 3 months . If everything fall in place , the true value of Johan can be fully realised when their 1st Q result is announce in Feb 2022 in time for the CNY rally ....

Guys , it is intermission time....we shall be entertain by Baboons & Maroons ....., it is also TKSS time ......enjoy.

Cheers & stay safe....

Trevor777 @ Did you expect to go to bed with your woman last night and hope to see her baby next week?

Nice one but....

Trevor777 , you are too pessimistic. Those moroons & baboons expect the baby to be born the night before going to bed with the woman... lol

Cheers & stay safe..

If the profit projection is " on target", at 75cts , it is nicely price at PE of 25...Looks like once the 4Q Result is out and within projection and once there are conclusive evidence that Siltera can turned around and can contribute to the profit performance of the company , it is 'Durain Runtuh" for Dnex Investor.... Let be patient and wait for the 4Q Result & the Q Result for month ended 30th Sept 2021... if all falls in place , it time to open our champagne.....Dream or ...for real !!!!!!

Cheers & stay safe.....

The 4Q Result for the new Financial Period ended 2021 is expected to be out within the next 2 days, if it is not delayed. What type of performance can we expect ???

My estimate of the 4Q Profit :

a. Contribution from PING (90% interest ) : RM18M
b. Contribution from the other business : RM 2M
c. Contribution from Siltera : Nil
Projected 4Q Profit : RM20M

Note : Siltera acquisition was only completed in July and their profit performance will be in the 1Q ending 30th September 2021...

If the said projection is on target, we can expect a min of RM 100M profit contribution for the above profit centers excluding Siltera or min EPS of appro. 3cts for financial year 2022. So the performance of Siltera in the Q ending 30th Sep 2021 is key toward the upward valuation of Dnex....

Let hear from the others

Cheers & stay safe...

Very creative accounting to report good performance... what next in the next Q?????

Cheers..

Please fact check your post b4 telling others are wrong or uneducated etc...it actually reflect on the writer himself...

Btw, Dnex 1Q reporting is from July-Sept 2021 and not as reported otherwise by some smart ASS, branding others uneducated etc2... a classic graduate from T.....g R......n.......!!!!!!

Cheers...

Last batch for W Conversion , if any is TODAY.... the chapter on W Conversion is NOW OVER. Hope we see some positive movement, moving forward..

Cheers...

One negative factor that may impact Dnex shares will be history soon ....ie W conversion ...Last batch of W conversion is expected on 12th August .

Let see how the shares will performed by then baring the political uncertainties...

heers...

Drachen @ It is estimated that DNeX needs RM448.8 million cash plus issue of 1.2 billion new shares to settle the acquisition of an additional 60% stake in North Sea O

This statement is outdated and factually incorrect . I3 investors can fact check it.

Cheers...

Yup fully agree....we will now see more " expert, chartist & self proclaimed sifu" shouting LU or set their TPs, plucking the TP figure from thin air. If the prices do not meet the TP , they will start condemning the counter as Con counters etc2 .....many have since appear and they don't need any introduction.. don't they have better things to do .....just wondering ...

Cheer & stay safe...

I pity the tanjung rambutan maniacs , maroon & baboon , moving around trying to console his bitter inner sadness and frustration ...do take you medicine and put up a white flag , if you are short of $ to buy ya...or you turn into vegetables....good luck to you continued adventure...

Cheers ..

If the Tanjung Rambutan Mentally sick party is happy going round i3 Forum routinely calling i3 Members, so hai or pass negative comments ...let him be...he need to beg for some $ to pay for his daily medication which he just can't afford due to his misadventure for sure....good luck to him.. no pity to be accorded to such baboon and maroon....

Cheer & have a nice day guys

GeraldLam @ very factual and comprehensive analysis on your end.Thanks a lot.

1. You may wish to check the depreciation charge which should be RM51.6M in 2019 & RM56.0M for 2020. In addition , the amortisation of the Intangible Assets of the company is also very aggressive.

2. Any comment on the high staff costs (RM126M for 2020 & RM 119M for 2019) & Other Operating Expenses (RM182M for 2020 & RM 189M for 2019).Any room for reduction which will improve the bottom line .

Cheers & stay safe...

NKLpunya @ my guess is that it will be priced between 3 to 5cts...assuming the parent stay at 14.5cts...

Cheers..

Guys , doubt the price will fluctuate a lot .... not conducive for contra 0r short term players...the value to the counters will unveil itself once the Glove commercial production start in Sept , with 6 lines up in Dec 2021 ..& a positive result from the Glove Business for the Nov or Jan or Quarter....

A medium term hold till possibly 1Q of 2022 to tap the potential value of Johan .....that's my take... get out if no patient ...

Cheers...& stay safe

Bunch of maroons and baboons, OR whatever u may want to term them , treating the KLSE like Genting Casino .... Wish them good luck...

Cheers..

alivetoinvest @ Easily RM 2 Johan with the upcoming sentiment in gloves...

Too optimistic la...let be very practical about it .. Let made some fundamental projection and assumption to project the price... closest comparision is comfort with the production capacity of 8.2B Gloves and Johan 12.0B Gloves...

Based on last Q result of Comfort , the Q profit is RM210M with a production capacity of appro 7B Gloves...

a. Johan will be able to produce 1.5B Gloves p.a start 1Q 2022 and 3.0B Glove by 2Q..and possibly 4.5B Gloves by end 3Q/4Q 2022...

b. assuming that their average capacity for 2022 is 3.0B Gloves p.a. or appro 45% of comfort capacity for the last Q and assuming (appro RM100.0M ) but since Johan is newkid on the Block , let assume that they made 80% less profit or only RM20M ie 20% of RM100M...or RM80M per annum..

c. EPS will be appro 6.6 cts and say PE of 5 , it will translate to a price of 33cts or higher id the PE is higher ......ie 19cts higher than the current price...

That is 100% return ....that to me is good enough .. So let not be too greedy and patience is virtue ...

Cheers..

KingDavid @ I think DNeX is still in the consolidation phase because of convection of DNeX-WD. I also do not expect DNeX to push towards RM1.5 or RM2.0 in the next 6-9 months because of Call Warrants ( CA,CB,CC,CD,CE,CF,CG) ranging from 21 to 100 million with convection price of RM0.9-RM 1.2 with the expiry date ( ranging from 31/1/2022 -
30/5/2022).

You may need to review these observations in impeding the possible rise of Dnex Shares ...the lowest conversion ratio for the Call W is 90cts and the ratio is 3 & 4... and also currently traded at a huge premiun... Even with the spike of Dnex Shares, the issuers will have enough rooms or premium in the Call W price t0 cover their position...

Once just cant just look at the Exercise Price alone to form such observations but other factors as well........

Cheers....

With the surge in the number of Covid 19 cases in Malaysia and all over the World, will there be a surge in demand for Gloves & a resurgence in interest on Glove Counters .... your guess is as good as mine and if it is , Johan will be the the unpolished diamond....

From the conservative fundamental viewpoint, Johan has to turn in a profit of RM10M per Q (or RM40M per annum) starting from 31st March 2022, with an EPS of 3.3cts and pricing it a min of 16.5cts based on an attractive PE of 5.... THis is a very conservative profit projection.

Cheers...

JamesPond@ - My take as a minor minor minor investor, if the major shareholders and bankers are willing to throw in RM millions to part finance the balance RM652M for the glove project, why should I fear putting in a few RM into Johan

Well said and thought off...but it not for those retailers or contra players, who will shout LU once they take position or expect the price to spike everyday... patience is virtue....

Cheers...

Guys, as a proxy for the Glove Business, its price is at least 7X cheaper than the other existing Glove counters...Its your call ...

There are many other Bursa Counters proposing to be in the Glove Business, just review their readiness to venture into the Glove Business as compared to Johan..... their 1st Trial production is expected by Aug & commercial production in Sept 2021 ... once they have succeeded , the price may be diff by then ,,,,lol

Cheers...

Where is the Great SIFU who know the operators well and advocate that Dnex is the sellers market ... he is damn GOOD REALLY...

Cheers...

Guys, if every factors r the same as the other Glove Companies, Johan will not be priced, now 7X cheaper as compared with Comfort, a comparable size to Johan once the production is in place......

It is the risks appetite that you wish to take and that is call- "investing" ..you made the call on what u invest in.... it is not a buy recommendation but a viewpoint by stating Johan maybe a good proxy for pure glove counter exposure......

Cheers...

Mari,,,,2 @ : Operator converted cheap warrants then pump up the price to dump to ikan bilis. It won't be a bull run like 3 months ago. Operator pump and dump after cny, second time after hari raya, third time not so soon.

Wow , wow ,,,,I did not know Malaysia Ikan Bilis have such a big appetite and deep pocket ...can absorb such a big volume....Oh Ya , I forgot, you know the Operators well ...I see... YES SIFU ...U R TANJUNG RAMBUTAN RIGHT...

Cheers....

@Meridian2 post : beware guys, more shares on the market. it's buyer market not seller market so the price will only go cheap

Trevor777....oh shit ..what happen now...????? It happening , how ...!!!!!

Cheers & stay safe....

Guys , do you still think Glove Counters have legs...? ??? If Yes , Johan is a cheap proxy for Pure Glove Counter ......almost debt free , Cash NTA of above 10cts , NTA of 32cts and Glove Production firmly on schedule for test production in August and commercial production in September & 6 line up for commercial production by Dec 2021 with in initial capacity of appro 1.5B Gloves p.a and increasing as and when new line get commissioned...

Cheers & good luck....

anemon post@ - Please read this annoucement, and stop spreading your false info and still claim other people is false.. haiya

The truth and facts have prevail, what do you have to say now???? Please fact check b4 you do your post...

Cheers...

Omega@ If too many uncertainties in your head when you invest in Bursa counter , its very easy to solve your problem just follow Uncle KYY to cash out and keep your tons of cash in the FD

Well said and don't waste their time over here ...

Cheers....

Just wondering now , who is trying to confuse fellow investors and who are trying to assists fellow investors at i3...... i believe in fact check before a post is made and not making a post from info from thin air or " personal" opinion or hearsay or misinterpretation of information...

Cheers...

@@ hondapetakpost - the information & details as provided is correct & accurate . conversion of the Dnex W can be done that way..

Cheers

The truth/facts will prevail... let wait for it to unveil...

Cheers...

BenPg , yes you can do the conversion Online , by making the payment online and sending in the Conversion Form online....If your remisier is unable to help you ,PM me and let me have your email & I will provide you with the details...

Cheers

Meridian2 @ The 300 mil converted shares should come in before month end

With due respect to you, it is important to post accurate facts and not facts or information that you pluck from thin air or from your pea size brain... there is no way all the W conversion will be all converted by month end....likely the last batch will be 11th or 12th Aug ...

Please fact check it before you made you post in order not to mislead other investors...

Cheers & stay safe...

do your own research and the answer is there...Johan will start commercial Glove production by Sep & by Dec 6 lines will be under production..

Cheers

dwightwayne @post : I'm just a layman. Please enlighten me

Oh really but you have written in length on the PING deal ...must be an uncommon layman .. ...I shall not spoon feed you but some hints for you to ponder it out yourself ...

a. Why Dnex did not structure the PING deal in all shares swap..

NOSH for Dnex prior to 22 Jan 2021 was 1.9 B shares and if the acquisition is all done via shares swap at 0.25cts ( price as at 22 Jan 2021) , appro. 1.256B shares would have been issued ....so how who acquire who...????

b. Cash Out by Ping Investors :

1. The structure of the deal is based on a 5 days VWAP 2 days b4 the completion date, possibly a 1st on the KLSE . Normally it is based on a predetermined share price on the announcement of the deal ...so finally the exchange shares was issued at 80cts instead of 25cts....who benefit.... and u really think it is a CASH out???

2. You mentioned that they will flood the market based on the share issued and if all shares swap , what will happen...???

Shall I go on...!!!!!

Cheers & stay safe....

dwightwayne @ - One more thing, if Ping wanted to be a PLC and agreed to partner DNex as deduced by Trevor777, then why Dnex needs to structure the cash portion of the acquisition price at such a high level? Might as well just do a full share swap. So don't be silly, Trevor777. It was never a partnership...it was a cash out by Ping vendors right from the beginning...

dwightwayne : If you cannot figure out why the deal was done in such manner, considering that, I assume that you are an astute shares investor, who understand corporate finance and acquisition etc2, just say so & I shall rebut this statement of yours accordingly ...

Cheers & stay safe..

Guys, I got it right again ...Johan will not be bleeding from today (Average losses from past few years : RM20.0M plus each year) and in fact from the DCS sale they made RM200M plus which will increase the NTA to over 32cts...see my earlier posts on this ... u think what will be the reaction to it price come next week..!!!!!

Johan is now a pure glove counter portfolio, with a plan production capacity of 12B gloves , higher than Comfort (8.2B) but the price is 10 time cheaper than Comfort.... see earlier posts

If u wish to have any exposure in Glove sector , Johan is the cheapest.. and expect retailers to chase Johan shares should there be a spike in Glove counters, moving forward ..

Good luck to those who have been patient with Johan...Patience is Virtue..

Let hope they announce the completion of the sale of DCS today or will it be defer again?

The price is expected to move once the sale is completed or maybe considering the market sentiment it may be better to announce it closer to the listing of the Rights & W ...

Cheers & have faith in it....

Allow me to share some insight of the way forward on Johan investment in the Glove business by comparing it with existing Glove company...

a. Based on the expected capacity of Johan , the closest comparision is Comfort Gloves, with NOSH of 583M and Mkt capitalisation of appro. RM1.1 Billionand production capacity of 12B Gloves p.a.. Johan after the Rights issue ,NOSH is appro 1.1Billion shares & mkt capitalisation of RM130 M & production capacity of 1,2 B pieces p.a. ... but Comfort is 10 X more expensive that Johan.

b. Johan Glove production is expected to commence in Aug within 1 line and sale to start in Sept 2021 & 4 lines under commercial production by Dec 2021...

c. Though comfort is in full production now but their production line is outdated as compared to that of Johan ...comfort is upgrading their production lines too...

d..there are other justifictions too but why should I invest in comfort which is 10 times more expensive that Johan when after a year or 2 , both will have similar production capacity but Johan having a more sophiscated and modern less intensive production line ...... & 10X cheaper...

It for you to ponder....I prefer Johan if I wish to continue to have some portfolio exposure in the Glove business...It is a mitigated and calculated risk exposure...

Cheers..

@KihKihKih - they holds sufficient controlling stake oledi ...matter of timing for announcement if the deal is completed , which is likely the case. Timing of announcement is key , possibly after the OR ceased being listed or political situation eased off slightly...just a wild guess...

A boring counter but if you get it right, the return will be good with calculated & mitigated risks...

Cheers & stay safe..