Not only today, the price will spike when the market is recover. Now just the beginning of the move. if Not mistaken, this not yet a pure uptrend. If the signal of uptrend is there, this counter will boom for sure. Just take low n sell high~ Keep calm and watch it :) Remember Intrinsic Value is 81Cent.
@ Freeman 975 The price next level should be 0.38 Cent but before it must closed at 0.32 cent. Resist Line, or call it as supporting line. With this volume and quality of counter. Hold it and wait :)
Just buy as the company dominate 80% of Cash Recycling business. Calm and keep collect this Dirt Chit xD Just buy more and let see the magic ;) I have 200% confident toward this company, from fundamental and technical... don't forget the intrinsic value remain 0.81 Cent for 2016 :)
Cheer !! Or I should ask all of you SELL and I buy all ;)
Vivo has NTA RM 0.29 , The sellers throw but only small volume. Nothing to worry . There are many buyers waiting to snap up Vivo. Waiting to have a good and bargain buy.
Been really confidence with this for sometimes. But the confidence start to fade away..haha Can either be a huge dump at 30.5/30, or maybe simply changing hand for collection and push later.
Qtr result is end of this month right? So might have to wait and see. Either fly high..or drop into ****hole.
quater report is still not out yet, who can tell, just like rgb, today out result is good, but this few day sometime drop too, so, just wait patiently.
"It is pertinent to note that the exceptional revenue and profit before tax for the corresponding quarter last year was due to the expedited delivery of equipment and services in view of the imminent implementation of the Goods and Services Tax before the 1 April 2015 deadline."
"Our order book for Cash Recycling Machine (CRM) remains robust. In the first quarter of this year alone, our order book for CRM has exceeded that for the whole of last year. Barring any unforeseen circumstances, this backlog should translate into strong revenue for the remainder of this year. However, it is worth noting that our margins will be subjected to the foreign exchange rate on the ringgit."
Compared to last 3 quarters (Q22015 to Q42015), revenue and profit also drop. No need to compare to 1st quarter 2015 before GST story. Something is wrong with the statement. I suspect, like I said before, revenue under pressure due to less revenue from cheque clearance business & margins under pressure due to yen to ringgit exchange rate.
Orderbook is a very forward looking statement, although it has exceed the whole of last year, the realisation of the orderbook may not materialise if the customer i.e bank cancel the contracts. Nevertheless, still some hopes it will rebound in Q2, Q3 and Q4.
Here, the management may have tactics to delay some delivery of CRM during the volatile weak RM/USD, whilst delay it to the later date when it is more stable. This is why Q1 results is slightly off. If you notice, instead the software and solutions segment is doing still good with margin of around 44%.
So this is a bet here, if we believe the management on the forward looking statement on the orderbook, we may continue to buy hoping a rebound in Q2,Q3 and Q4, finger cross the order book won't spill over to FY 2017.
But this is an ACE market listed stock, so apply some "discount" on the credibility or ability of the management to deliver such promise..... This is because the management, in the statement above didn't explain proper the reason for the drop in sales ( i.e lower demand or etc etc) rather it masked it with exceptional one off sales last year. At normal operating cycle, if it is performing like this... then it is a red light. To put it in another perspective, when u get poor result in an examination compared to previous semester, you don't explain previous examination is simple, rather you should explain why you didn't do good this semester ( didn't study, the question too tough or etc etc) hahah just a perspective
paoblocrk that's a good explanation. I actually hope management are willing to disclose book order amount in Ringgit like how Favelle Favco is currently doing.
@ Kinz, you send email to them before and the CFO can reply you? Wow........can have 2 signals
1) The CFO really micro manage everything and very respect all the stakeholders, unless his secretary reply on behalf of him 2) But mirco-managing is not good, since one resources are scarce, to do all the though company job and to reply your email........ doing all the financial reporting/audit/bla bla bla job or maybe he is just too free
But looking at it literally, actions (like rewarding shareholders, showing good governance, holding up integrity, being transparent with disclosure) will speak louder than words (just replying email)
Anyway, hehehehe, I am just kdiding, anyway, Kinz, what have you asked? can you share to us?
Even with high selling pressure yesterday, this stock still maintain support @28 cents which has been major support since Oct-2015.
It is pretty much expected for price to drop after profit fall announce, since for most investor (especially trader), the review behind their qtr result does not meant much. What matter is how much revenue?how much profit?increase?decrease?
Friend, I still with you :) Let take it low and sell high This the chance. After first quarter result is out... sorry to said.. intrinsic value have fall to 0.51Cent.....
eh u all not worried prolonged bear market ah...later it arrive before opensys can even rise to catch a breath..then u all can cutloss at 20sen. by then market be so bearish, no buyer there for u to throw lor
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Lee Kian Hoo
40 posts
Posted by Lee Kian Hoo > 2016-05-16 22:06 | Report Abuse
today volume spike