Anyone know when the WB to be credited?

Luster is a net cash company. 20mil on hand please go do some survey before comment.

1. Joint venture with glove expert Mr. Yee who currently working with some huge company producing 1billion pieces of natural rubber glove annually! JVA stated guarantee aggregate PBT 200mil in first 2 years of commencement of glove business!!
2. Let’s say PAT 152mil, and luster holding 56% of stake in GSB, the PAT of glove biz contribute to Luster will be around 86mil aggregate PAT in first two years of commencement, 1 year= 43mil PAT.
3. JVA stated that the new glove biz will contribute around 25% or more to Luster. Assuming that PAT 43mil is 30% of the company PAT, 100% of PAT will be 140mil. Which means the manufacturing, development and casino business is doing good after the new management take over.
4. How much the EPS will be after new private placement shares diluted? Let’s do the math, roughly calculated:140mil PAT = 4.84 EPS
5. FPE 25 @ EPS 4.84, TP RM1.20??Correct me if I’m wrong, let’s discuss.
6. Glove subsidiary company name GLOVEMASTER? PENTAMASTER? Penta Director Chuah? Scomnet chairman major sharesholder? Another PENTAMASTER In making?
7. In the agreement also stated that both parties agreed to cooperate in good faith in running glove business and will not dissolve in first 3 years, which means this counter is not purely for goreng goreng.
8. Think yourself how far Luster can go? If everything run follow the plan with reliable, low profile management, Is TP RM1.2 in 1.5 years making sense?
9. In technical analysis wise, Luster has break 0.15 resistance on last Friday, which form monthly chart breakout, once break the next resistance 0.25, sky is the limit.

Above is just my 2 cents, be informed that information above is not investment advice, Buy at your own risk.

The Board of Directors of Luster wishes to announce that Luster had entered into a Memorandum of Understanding (“MOU”) with Jiangsu Suzhong Construction Group Co, Ltd (“Jiangsu”) and China Tianying Inc (‘CTI”) to record their understanding relating to the cooperation, construction and operation of the Integrated Waste to Energy Industrial Park Facility propose to be established in Kedah, Malaysia (the “Project”) subject to a definitive Cooperation Agreement to be entered into between the Company, Jiangsu and CTI.

No worries, big news will be announce soon..

WHO is luster CEO now?

Hold it and buy in more, believe me haha

Smelly captain, I believe in you.