smalltimer

smalltimer | Joined since 2013-07-02

Investing Experience Beginner
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"If you keep dwelling on the past, you're going to miss the rest of your life."

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2013-12-24 15:44 | Report Abuse

All the hype about brisk sale of Tudor Choco in Singapore is B.S.
Here is the proof:

Thank you very much for the email.

In retails distribution there are classification and Tudor Gold are only available at NTUC class A outlets (30 stores). We used to be listed under class 6 banner but was since downgraded by the buyer in view of poor sales performance. Actually the brand was deleted during Andrew/Terence Seet time but we managed to put it back on shelves. However, till today we are still struggling with the sales number, and that despite doing promotion after promotion, sales are not improving. As often feedbacks we need to improve the taste, at least nearer to the consumers preferences or else the brand will face deletion again.

I have appealed to Mr. Bernard Lee for more A&P supports especially on Tudor Gold, but he insisted we go by 12% of sales. With such level of supports its would be extremely challenging for us to continue promoting Tudor Gold especially with negative returns of investment. Just for your information, Cold Storage supermarkets have deleted Tudor Gold 3 months ago, but we managed to convince and put it back on shelves however that come with, after agreeing to support one of their expensive promotion event featuring Tudor Gold. And we hope we have the stamina and capacity to continue keeping the brand on shelves (longer).

We will do at best for the brand, and come next year we will have to increase the retails price, we hope with the change it will not cost us the distribution. We really have no choice but to take up the action or else we cannot afford any longer in promoting the brand.

Hope the explanation address the concerns. Please continue to feedback or comments, in this way we can strive to achieve service excellence for the products as well as the trade.

Thank you very much.

Best regards,

Clarence Ho
Country Manager
Network Foods Distribution PL
Tel: 65 6757 7678

Stock

2013-12-24 15:41 | Report Abuse

so all the information about brisk sale in singapore is B.S.

Stock

2013-12-24 15:40 | Report Abuse

Thank you very much for the email. .

In retails distribution there are classification and Tudor Gold are only available at NTUC class A outlets (30 stores). We used to be listed under class 6 banner but was since downgraded by the buyer in view of poor sales performance. Actually the brand was deleted during Andrew/Terence Seet time but we managed to put it back on shelves. However, till today we are still struggling with the sales number, and that despite doing promotion after promotion, sales are not improving. As often feedbacks we need to improve the taste, at least nearer to the consumers preferences or else the brand will face deletion again.

I have appealed to Mr. Bernard Lee for more A&P supports especially on Tudor Gold, but he insisted we go by 12% of sales. With such level of supports its would be extremely challenging for us to continue promoting Tudor Gold especially with negative returns of investment. Just for your information, Cold Storage supermarkets have deleted Tudor Gold 3 months ago, but we managed to convince and put it back on shelves however that come with, after agreeing to support one of their expensive promotion event featuring Tudor Gold. And we hope we have the stamina and capacity to continue keeping the brand on shelves (longer).

We will do at best for the brand, and come next year we will have to increase the retails price, we hope with the change it will not cost us the distribution. We really have no choice but to take up the action or else we cannot afford any longer in promoting the brand.

Hope the explanation address the concerns. Please continue to feedback or comments, in this way we can strive to achieve service excellence for the products as well as the trade.

Thank you very much.

Best regards,

Clarence Ho
Country Manager
Network Foods Distribution PL
Tel: 65 6757 7678

Stock

2013-12-24 14:50 | Report Abuse

ops sorry wrong pun

Stock

2013-12-24 14:50 | Report Abuse

smell the flower

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2013-12-24 14:50 | Report Abuse

guys and ladies, relax, take a breather

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2013-12-24 14:13 | Report Abuse

I have made a report for the misaccounting of PMCorp to MSWG.

Stock

2013-12-24 13:44 | Report Abuse

Beware of MUI Group.

(1) 20 Dec just announce over pay rental to subsidiary by RM13 million (PMCorp & MUI). They found out because sold the office building.
Question is, PMCorp is a manufacturing and marketing concern. Why need to rent at so high price office? Should use the factory as the main office.
(2) CFO suddenly quit co over the last month. He would know why the over payment of RM9 million by PMCorp and RM4 million by MUI. Or he is the culprit?
(3)When I queried PMI way back in 2007 why they purchase the empty land and property from sister co. I was told off as being pessimistic. I sensed the fox in making the move.
(4) The staff in the group were "sleeping" to let RM13 million slip by and no police report made.
(5) The choco company spent RM13 million a year for wages, but the supply chain cannot deliver choco to outlets for sale!

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2013-12-24 13:42 | Report Abuse

MUI Group now have their AGM in PD. Scare many investor come to complain. Working people will not take leave to be there the whole day.

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2013-12-24 11:51 | Report Abuse

this share good dividend?

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2013-12-24 11:33 | Report Abuse

thnls. just joking about the crows whisper.....as in Omen movies

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2013-12-24 11:15 | Report Abuse

Observers said the suspension might entail news that the company had found oil in Oman but that its commercial viability was yet to be known.

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2013-12-24 10:39 | Report Abuse

"It appears that this well has been drilled into a separate sub-basin with poor reservoir quality. These results should have no impact on the risk associated with the next appraisal well in Luno II central which if successful is likely to confirm Luno II as a commercial discovery."

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2013-12-24 10:28 | Report Abuse

Fairway Properties SB owns only the office building and empty land. Why on earth PMCorp need to rent such a huge office space that cost millions? Why not use the factory building as office leh?

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2013-12-24 10:09 | Report Abuse

Hibiscus Petroleum Managing Director Dr Kenneth Pereira said the company stood a good chance of success and hope to reward its loyal shareholders.

“The awarding of this contract represents a significant milestone for us,” he said.

The company said the prospects of Masirah North North #1 and Masirah North East #1 have been selected for drilling after indepth technical evaluation and verification using the proprietary Rex Virtual Drilling technology, in addition to the confirmations provided via conventional methodologies.

“These prospects are internally estimated to have prospective resources of about 160 million barrels.

“If the wells yield successful discoveries, production can potentially be expected to begin by the first half of next year through utilisation of an early production system,” it added.

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2013-12-24 10:06 | Report Abuse

there will be second round wave up

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2013-12-24 10:04 | Report Abuse

Rex International Holding Limited (Rex International Holding or the Company, and together with its subsidiaries, the Group), announced Monday that its jointly-controlled entity, Lime Petroleum Plc (Lime), through its subsidiary Masirah Oil Ltd (Masirah), has begun drilling an exploration well in Masirah North North #1 (MNN #1), located in the Block 50 Oman concession, Nov. 25. This is part of a two-well drilling program in the concession off Oman. The prospect MNN #1, which is about 3,280 feet (1,000 meters) in depth, was selected for drilling after in-depth technical evaluation and verification using the proprietary Rex Virtual Drilling technology, in addition to confirmations provided via conventional methodologies. The prospect is located in the northern area of the Block 50 Oman concession which is about 6,563 square miles (17,000 square kilometers) in size. The well is being drilled using the jackup Aban VII (250' ILC). Rex International Holding holds a 65 percent stake in Lime. Lime, through Masirah, has a 64 percent participating interest in the Block 50 Oman concession, while Petroci Holding, the national oil company of Ivory Coast, has a 36 percent participating interest.

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2013-12-23 17:03 | Report Abuse

itu cara promoter yang u kenal

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2013-12-23 16:48 | Report Abuse

kakaka....pay out announcement

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2013-12-23 16:45 | Report Abuse

forego other opportunity, forego other dividend.....juz average down

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2013-12-23 16:44 | Report Abuse

dun worry....if long term investor...buy to average down....

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2013-12-23 16:32 | Report Abuse

how u know this damien? the crows whisper?

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2013-12-23 16:30 | Report Abuse

kakakaka......i ve been barking for the last 3 weeks

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2013-12-23 16:26 | Report Abuse

come one, come all...sell your wife, sell your car, sell your house, invest in choco co, PM Corp.....that's the promoters' call card

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2013-12-23 16:24 | Report Abuse

the promoter was waiting for the announcement of pay out which was announce on 20 dec.

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2013-12-23 16:19 | Report Abuse

anyone in KL, join me for happy hours at the Crossroad....enjoy today, tomorrow hibi will pay the bill...cheers

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2013-12-23 16:13 | Report Abuse

good news is out. Dr M is the new chairman

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2013-12-23 16:02 | Report Abuse

I think the past CFO have knowledge in this

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2013-12-23 15:13 | Report Abuse

look at PMI, all asset strip naked. all pay for debts. shareholder gets junk food at AGM. When question why buy the empty land (way back in 2008) i was told to optimistic as it will be developed

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2013-12-23 15:10 | Report Abuse

any way my small time experience in PMI AGM where no support makes me worry about this group...as most go there for junk food after AGM which was held at Corus KL.

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2013-12-23 15:08 | Report Abuse

corus paradise....anyone like to go there juz to look see? and apply annual leave? i m not retired yet lo

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2013-12-23 15:06 | Report Abuse

didn't see tko name on crestbuilder director list. when he became shareholder?

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2013-12-23 14:48 | Report Abuse

And y held the AGM in PD? For fear shareholder will come en masse?

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2013-12-23 14:47 | Report Abuse

I take pains because want to be long term. We want to see companies grow. But we must arrest and manage the short term in order it will remain in the long term.
Salaries and wages cost the company RM13 million. Directors' fees RM173K.
But we have over payment to defunct company by RM9 million and shelves from KL to Singapore empty of choco.
You think this co will last that long? And the email to GM is also returned!

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2013-12-23 14:20 | Report Abuse

Shall the shareholders report to the police? Shall we appoint a shareholder promoter to the board?

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2013-12-23 14:19 | Report Abuse

wakakaka...i have commented before, beware of the wolf in KKP

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2013-12-23 13:51 | Report Abuse

For business enquiries, please contact:

Mr. Foo Kim Wah
Group General Manager
fookimwah@networkfoodsind.com.my

Ms. Ng Lai Fah
Assistant General Manager
nglfah@networkfoodsind.com.my
(Export Dept.)
Direct Line:+6(03)-5513 2515

Stock

2013-12-23 13:50 | Report Abuse

company indeed in a deep trouble:

I wrote to this email supposedly the group GM of Network Food. And get this in return in my email:

This is an automatically generated Delivery Status Notification.

Delivery to the following recipients failed.

fookimwah@networkfoodsind.com.my

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2013-12-23 12:55 | Report Abuse

Maybe they are introducing new co.....Hibiscus Gas Sdn BHd

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2013-12-23 12:55 | Report Abuse

Oman has proven crude oil reserves of 5.5 billion barrels of oil and 30 trillion cubic feet of natural gas. Oman’s oil reserves rank 7th in the Middle East and 21st in the world.

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2013-12-23 12:44 | Report Abuse

PMI have negative cash flow as of 31/3/2013. Nah go and collect from them.

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2013-12-23 12:35 | Report Abuse

Went to Giant Wisma Thrifty, PJ. The Tango worth rm1.29 have been missing a week.
Another mentioned Singapore is short of choco too.
Just proven management sucks. I will check the factory to see if there is any machinery left in the next few days.

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2013-12-23 11:58 | Report Abuse

Pan Malaysian Industries Berhad is a Malaysia-based investment holding company. The Company, along with its subsidiaries is engaged in the investment holding as well as property investment and management. The Company operates in two business segments: investment holding, which is engaged in investments in subsidiaries and associate and property investment, which is engaged in the property investment and management. Through its associate, the Company is primarily engaged in retailing, hotels, food & confectionery, financial services and property.
The Company's subsidiaries include Base Venture Corporate Services Sdn Bhd, Calton Development Limited, Excelton Sdn Bhd, Fairway Properties Sdn Bhd, Gerbang Ekuiti Sdn Bhd, Good Proffer Sdn Bhd, Kiwiton Sdn Bhd, Nada Saujana Sdn Bhd and Pangkal Cergas Sdn Bhd. On February 1, 2012, the Company dissolved its inactive wholly owned subsidiary, Favourmark Corporation Sdn Bhd.

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2013-12-23 11:52 | Report Abuse

promoter kuat karib cfo?

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2013-12-23 11:50 | Report Abuse

There the common CFO knows about this all the while?

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2013-12-23 11:49 | Report Abuse

Fairway Properties Sdn Bhd is a subsidiary of PMI

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2013-12-23 11:46 | Report Abuse

sorry I m truly sorry, there was indeed a payout..........................but to Fairway Properties!

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2013-12-23 11:44 | Report Abuse

mismanagement telah dijumpai, duit masih di kocek Fairway Properties.....sude ade promoter minta payout....wakaka

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2013-12-23 11:35 | Report Abuse

u investors juz dun know what losing rm9 & RM5 million about

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2013-12-23 11:33 | Report Abuse

kakaka promoter kuat? pmcorp/mui juz announce mismanagement lo. wonder the cfo is the culprit