Didn't u check my comments history? Since long ago, I've said Evergreen will collapse and voila! U seriously didn't watch the selling of Evergreen shares in CHUNKS for the past many days. Do u think those are small chunks if it wasn't insiders-related parties? Insiders & gang know already mah.

The heavy selloff in CHUNKS are obvious signals already! Still want more convincing evidence and signs? When corporate and fund-raising exercises announce later, be ready to watch how it collapse further.

LOL loser using new ID jackng6 to continue talk rubbish. Collapsed already still dare to talk rubbish. Ha ha!!

Taste lemons soon. Stockraider missing. Dolly panic. Ha ha!!

So u think the heavy selloff triggered on Friday 24/02/2017 was a coincidence or for no reasons? The heavy chunks of shares disposed since that day per each day is what the insiders related parties knew already. Just wait for corporate exercises to tell u truth later. Ha ha!! RIGHTS ISSUES...will cause further collapse!

jackng6 thinks he know well but still paper loss. LOL

Look at the sell queues. It's a selling market crowded with sellers. Buyers are outnumbered one fold by the sellers. Do u wanna bet?

Seasoned traders knew how this technical rebound will play out. The price 0.885 is where it should tap and to fall thereafter. Let's bet!

Let's bet! I say this is a false signal/rebound. Look at the selling queues there. LOL

LOL

Someone bought at 0.96-1.00 but fallen all the way to current price. -10 -15% losses.

Will be stuck at 0.885

Collapsed already and Dolly the loser still barking here? LOL

Dolly stuck until crazy. LOL

Once RIGHTS ISSUES announced it will collapse to 0.70

Go buy HEVEA....super solid with cash adding up RM20m each quarter because Hevea is making too much money! Hevea has become the largest market cap company in the furniture related peers right now.

Already free falling! Tomorrow will be heart attack for those still hold. Dolly, stockraider, jackng6, knylck, etc.

Another 278,000 shares sold down at 0.86 ...those who are not listening should be prepared for this COLLAPSE!

Did u not see 400,000 shares sold down at RM 0.86 ??? That is quite a chunk of shares. Do u not think insiders are selling? I dare to believe there will be corporate exercises to raise money from shareholders. Private placements or rights issues. Once announced, share price will collapsed further!

Remember that:

"The share price is a reflection of its fundamentals"

EVERGREEN
Q3
Total liabilities (TL): 379,519,000
Total borrowings (TB): 216,585,000
TL - TB = 162,934,000

Q4
Total liabilities (TL): 388,027,000
Total borrowings (TB): 205,257,000
TL - TB = 182,770,000

If u strip off the debts borrowings each qtr, u will have the amount RM 162.934m in Q3 and RM 182,770,000 in Q4 which are both excluding the borrowings.

There is an increased approximately RM 20m in "TRADE PAYABLES" in Q4. It is safe to say that the increase of total liabilities in Q4 abt RM 20m is also reflect an increase of trade payables in Q4 as well.

If non-trade related and excluding borrowings, it is also safe to say that it is about approximately RM 160m of liabilities per qtr.

If the Evergreen company is abt to do a RIGHTS ISSUES, they will not waste time and efforts going through all the time consuming process. They will raise more money than they need.

How much do u think they will raise? Insiders knew the answers already. They are dumping the shares.

Dolly just lose until mad. LOL

TF Tan, the figures in the balance sheets are real hard facts posted out by the listed company themselves.

Ha ha!! Dolly suffered big losses in Evergreen. Dolly is just a false prophet!

See? Idiot always an idiot. Share price collapsed and he still talks rubbish jargons. U better listen to ur idol sifu Kcchongnz's advice loh:

"Cash in balance sheet is a safety buffer when investing, best of all you don't have to pay for it. Two exactly similar companies, one with excess cash and the other none, definitely the one with excess cash is a better company to invest in, no matter how the management uses the cash."

Dolly keep saying Evergreen is not in the same business line as Hevea. I've shown the idiot here (Go verify it yourself & see who's lying to the people!):

EVERGREEN
Medium density fibreboard (MDF): 80% of revenues contribution
Value-added MDF: 15% of revenues contribution
Ready-to-Assemble (RTA): 5% of revenues contribution

HEVEA
Particleboard: 40% of revenues contribution
Ready-to-Assemble (RTA): 60% of revenues contribution


Some argued that EVERGREEN is not similar or direct competitor to HEVEA? EVERGREEN did particleboard years ago but failed that's why suspended that segment. Facts showed that EVERGREEN wants to be like HEVEA mah, look for evidence below:


EVERGREEN's Annual Report 2015, Page 17:
".....Our Particle Board plant remained idle since 2013..."

EVERGREEN's Annual Report 2015, Page 19:
".....The upgrading of the Particle Board Press will enable us to produce premium particleboards for specific markets of higher profit margin...."

Evergreen's Annual Report 2015, page 17:
"On a longer term Strategy, the Group will be focusing on increasing its production volume for its Ready To Assemble (RTA) Furniture Products as this will enable us to have a wider range of premium products that is able to fetch a higher profit margin on its designs and quality."

Annual report here:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5070781

I told u may times before...stop using fancy coolio accounting formulas to comfort yourselves just because you're stuck in Evergreen. See the OBVIOUS in the balance sheets.

I don't tell lies to comfort people. When something is not good for shareholders, I will speak out. By doing these, for those who truly listened to me have avoided big losses. What does Dolly, stockraider/jackng6 gave to people? LOSSES and STUCK and COMFORT WORDS only.

I don't create the figures. It's all taken out completely from all quarterly and annual reports. When figures not nice so people will realize it & dump the shares.

I think ur heart will SINK when Evergreen announces RIGHTS ISSUES momentarily soon! Money in the company will not be enough to meet with the high debts. We're not talking about gearing, ok! Debt borrowings will keep increase no matter how they do it. The only sensible way for them is raise more money "cash-calls" from existing shareholders to PARE DOWN that MASSIVE DEBT BORROWINGS of RM 205,257,000!

Still argue with me? Look at share price now. I've told u long ago. Check my comments history. Don't be stubborn and dumb.

If it uses RIGHTS ISSUES to raise some money from shareholders then u can expect the share price to crash down to 0.70 - 0.60. Most shareholders do not want to put in more money just to bail it out to pare down debts.

Do u not see recently many rights issues? IOIPG, BOXPAK, VIZIONE, and others use rights issues to pay down debts. Often people dump the shares because reluctant to pour in more money and it is considered troublesome to go through the procedures mailing.

Judging from the heavy selling for the past 3 days, I suspect insiders are dumping the shares because the Evergreen company might undertake some corporate exercises to raise more money "cash-calls" because Evergreen has massive debts and huge total liabilities.

Evergreen
Cash: 160,308,000
Total borrowings: 205,257,000
Total liabilities: 388,027,000

Mana cukup duit? Where got enough cash? Sure crash and burn down this time!!

Luckily we have invested in Hevea which is rock solid, we can sleep soundly at night. Evergreen sure in deep troubles.

Dolly keep saying Evergreen is not in the same business line as Hevea. I've shown the idiot here (Go verify it yourself & see who's lying to the people!):

EVERGREEN
Medium density fibreboard (MDF): 80% of revenues contribution
Value-added MDF: 15% of revenues contribution
Ready-to-Assemble (RTA): 5% of revenues contribution

HEVEA
Particleboard: 40% of revenues contribution
Ready-to-Assemble (RTA): 60% of revenues contribution


Some argued that EVERGREEN is not similar or direct competitor to HEVEA? EVERGREEN did particleboard years ago but failed that's why suspended that segment. Facts showed that EVERGREEN wants to be like HEVEA mah, look for evidence below:


EVERGREEN's Annual Report 2015, Page 17:
".....Our Particle Board plant remained idle since 2013..."

EVERGREEN's Annual Report 2015, Page 19:
".....The upgrading of the Particle Board Press will enable us to produce premium particleboards for specific markets of higher profit margin...."

Evergreen's Annual Report 2015, page 17:
"On a longer term Strategy, the Group will be focusing on increasing its production volume for its Ready To Assemble (RTA) Furniture Products as this will enable us to have a wider range of premium products that is able to fetch a higher profit margin on its designs and quality."

Annual report here:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5070781

Dolly keep scolding me idiot...look who is the idiot now? U not ashamed? Share price collapsed. The heavy selling is not done yet. Look at the HEAVY SELLING QUEUES!! Ha ha!!

Useless! No good that is why everyone sold it. Don't encourage people to get stuck lah. I've told the truth and look at the share price!

Massive debts and it needs to maintain net profits of RM 18m per qtr just to BREAK-EVEN with massive debts RM 205,257,000 with almost not enough cash on hand every qtr, it's just basically working to pay debts.

Not enough cash then how to give out dividends? U hold this, u will be stuck for 12 quarters that's 3 years time.

It can go as low as RM 0.70 a share. One fold below of its NTA because of long-period of debts payback. Many stocks in Bursa are even ONE fold, TWO folds and worst is THREE folds below their NTA.

Dnex's NTA is 0.23 only. OVERVALUED 178% still gambling here?

jackng6 = stockraider LOL

Where is hamyue? Told u FPGroup is going to collapse as well. OVERRATED and way too much OVERVALUED! Be careful for those who still not pulling out!

The hamyue disappeared again. No face. LOL

Massive selling pressure today. Where are Dolly and stockraider? Both must be hiding in dark caves after they pawned their everything to buy Evergreen. Now sure naked in caves. LOL

Told them Evergreen is going to collapse. They never listen to me. Buy Hevea meh good lah. LOL

Told u no support at all! Dolly, stockraider/jackng6...all too stubborn to understand. Massive debts RM 205,257,000 is no good and the company has to work hard to maintain profitability just to break-even with the MASSIVE debts at least 12 quarters / 3 years.

Collapsed! still talk loud there? LOL

Evergreen is breaking new low! Be careful it is free falling from here. Totally no support at all. Massive debts of RM 205,257,000 and continuous CAPEX are killing the company!

My honest advice is to stay away from Evergreen if u don't want to see your money stuck for 3 years. Buy stocks like Hevea which has double-digit growth with very strong balance sheet.

stockraider = jackng6 LOL

Stocraider is nervous. His Evergreen has collapsed and I've just shown all evidence on why u should not buy Evergreen in that thread. Go check.

So u can see from the above evidence that EVERGREEN wants to do "Particleboards" and "Ready-toAssemble (RTA)". Still not a competitor/peer? Ha ha!!

Always remember that:

"The share price is a reflection of its fundamentals"