TQVM

Bcoz Wa's quantity is 1/8 of La, easier to goreng....

This group of people come out with a more innovative game, but still, be very careful...mother oredi being pushed to sky high...

Iretex-LR will trade at discount....

The 3 brothers pocketed more than RM20 million a year.....fat cat...so forget aboutt the dividend....

Dear TCB,can kindly comment on dbhd n gpharos??tqvm.make money I belanja KFC....

Aiyo....let the old man go lah....not a bad person lah

Most of us in I3 recognise yr good work lah...

What if monday drop leh??Need to face all the negative comments again ah? Dont waste yr time in responding all these lah, spend yr time more productively to find us more undervalued stocks.....

Kesian....

One day OTB in hell another day OTB in heaven.....

Dato, show us u can!!! Not half past 6.....half cent???

welcome back

Normal for him......after making use of his social status to hard sell like shit....then sold at 20-30% in few months time.....very smart super investor.....

Salute.......

Optimusprime.....who are you? U are different from all other optimus.....

Wasted too much time on analyzing whether its one off profit or the most undervalued share in the universe.....for such a long boring stock in the past few years which suddenly come alive....backed by the resourceful state government....just follow the money.....speculative but could be sexy.....price increased by more than 200% from rm0.30.....how far can it go? Could it be another dbhd in the making??of late it seems that more n more state government joined the party....another one is pasdec......

Should send durians, eggs and viagra....sure can boast him up....

Dato not fat....Dato oredi old can not naik...

He seems to be stimulated by durian very much....

Dato, you better work harder..or else I bring Musang King to you tomolo...

Posted by newbird33 > Jun 8, 2014 01:16 PM | Report Abuse

Agreed. The parent got a piece of land want to do mining, so asked GP to chop down everything on it. Once finished, GP will be like what it used to be.

However, for those who have doubts, I personally think Newbird33's earlier posting has indeed, described the whole Q1 saga in a very simple and correct way.

Anyway, yr money yr decision....fundamental wise little change, but hopefully the two big boys will goreng....who knows....

If you guys shared the same thought with Sunztzhe and albukhary on the estimated potential profit of Gpharos,if lah...obviously Gpharos is the most undervalued counter in Bursa or even in the world....so you may quick quick borrow from Along and hentam all on it....good luck...u may be able to fly then....

sunztzhe
GP is committed to sustainable forest management on 129,143 hectares of forest under its management under selective cutting approach whilst maintaining continuous forest cover and species diversity.

The valuation per hectare will most likely be based on the Net Profit per hectare. Based on recent Q1 results, GP made a net Profit of 19.96 million per 2000 hectares of timber concessions.

Assuming no change to status quo on company business operations the potential net profit for the entire concession = 129,143 hectares X 19.96 million/2000 hectares= RM 1,288 million.

Market Capitalization for GP based on last Friday's closing price = RM 107 million

Does this infer that GP Market cap for forest concession of 129,143 hectares could potentially be valued at RM 1,288 million or 12X 0.795= RM 9.54 per share??

If you do not concur with this estimate of value, please do advise and share with fellow i3 members on a more realistic approach to value 129,143 hectares of GP timber concessions.

Does anyone in this thread has the experience or network of friends who can assist in estimating a value for the 129,143 hectares of forest concessions?

More sharings could be found from Ben Gan's earlier posting :From an ugly ducking to a golden swan"...U read, understand and make your own decision..Happy investing and good luck!!

That's the tender money collected for the above. Anyway, for those who believe Gpharos would repeat the same good results in Q2 and the subsequent quarters, like what Sunztzhe found out, they should borrow along to hentam kuat kuat....

08/06/2014 17:28

jyap Q4 2013 as written

19. Events after the reporting period.

Subsequent to the period end, the Group's timber management subsidiary, Kumpulan Pengurusan Kayu-Kayan Trengganu Sdn. Bhd. ("KPKKT") opened a tender to extract logs from six (6) compartments covering 2076 hectares in it concession area. The successful applicants that have been selected on 28 January 2014 had paid 30% tender deposit of RM8.19 million out of total logs sale proceeds of RM27.29 million. The balance has to be paid within 30days of the issuance of the approval letter.

All payment should be received in 2014Q1??? Consider One off??? Be careful anyway, cheers.
08/06/2014 17:33

Durian with omega eggs....wah...dato can skip lunch n dinner on. 12 June....

I still believe q1 is one off case.anyway,for those who read it differently..-.good luck n happy flying......

Bring Omega Eggs.....

You are the major shareholders u wanna sit in the board of directors...common

I dont think so...watching

Old directors resigned...new directors coming in...

AGM 12 June 2014.....

Friend,u can fly to the sky as long as u believe so.....good luck

In fact I made some this round....no negative feelings-...just try to make things cleared before my next step on this counter....

What will the estimated profit from their timber concessions?they don't own the land....

They have been in this biz for the past many years may....net profit seems to be so so..I don't know why..--what makes you to think that their future outlook will be changed??any expert in timber to provide their comment?they owned the concessions but not the land..-isnt it?

I didn't say price will drop for sure since there is a technical break out....this stock has been moving below rm0.50 for the past few years.....tightly held by the big boys---mayb they have some interesting game plans ahead----just that it seems to be speculative.....as little change in its fundamental at the moment.....who knows....

I m just an ordinary investor....but I talk abt sense n logic....

The q1 result is one off case,period.biz back to usual,unless u see something special...

They have been in this biz all these while....not the first day in this biz..seems been struggling for years.....so what makes you to have high expectation on their future outlook?

Sunztzhe,u deleted yr earlier ridiculous analysis and come back now with the similar story....why????

You two a bang adik ah......still back to square one despite so many discussion earlier today.....

This can be useful only when they can make profit consistently and improve their cash flow further....Can they?

Can they?

This can be useful only when they can make profit consistently and improve their cash flow further....

Refer to Note 19 Events After The Reporting Period in their Q4 2013 result. The excellent Q1 2014 result is an one case and shall not repeat in coming quarters.

Posted by Hot.T > Jun 8, 2014 09:47 AM | Report Abuse

Guys..i suggest u go thru and do a comparison on 2013Q4 and 2014Q1. Are the numbers suspicious? NO....its all in the 2 reports if you've read it thoroughly. Would the earnings be sustainable? NOT in 2014Q2 bcoz new venture need time, money, mobilization, closure before you can realized your income. Earnings may dip (lower than 2014Q1 but higher than 2013Q4) in Q2 (and perhaps Q3) unless they have an agreement for the supply of the extracted logs at lower cost to the sawmill. Eventually earnings would pick up once contribution from new biz is captured. The spike in earnings n profit for 2014Q1 was due to the 1-off extraction fee of +27 mil GP received to extract balak from 2k out of 2.5k hecters of concession area granted to them for the new biz. FYI..the Q1 results got nothing to do with financial ratios or efficiency ratios in comparison to other timber cos.

Refer to Note 19 Events After The Reporting Period in their Q4 2013 result. The excellent Q1 2014 result is an one case and shall not repeat in coming quarters.