go read their announcements..chairman resigned edy, ASAP big guy becomes executive director, current directors slowly selling their shares..there is definitely change of management inside the company
YouBuyIBuy...not so fast yet, if we r lucky then this QR it will move, but i'm prepare to hold till next year ilovehits...the current ASAP CEO is now the new ORION CEO, for me it's more like a reverse takeover
don't rush in and buy at 0.13, u can q at 0.125, another 3 more weeks b4 QR released..btw this QR may still be loss-making, u must prepare to hold till next year to see the bigger picture
With all these years of loss making, this is already the lowest price, so once ASAP profit is included in QR, it will only go up..the only prob is that we duno whether it is included starting from this QR or next QR, that's why I say u need to hold till at least next year
In consideration of the purchase of the ASAP Sale Shares by Orion at the Consideration and terms and conditions of the SSA, each of the Vendors jointly and severally, unconditionally and irrevocably, guarantee Orion that ASAP will generate:- (i) A profit after tax (“PAT”) of not less than RM7,500,000 for every twelve-(12)-month period (“12-Months Profit Guarantee”); or (ii) A cumulative PAT of not less than RM15,000,000 (“Cumulative Profit Guarantee”) for two (2) consecutive twelve-(12)-months periods calculated starting from the first quarter (each quarter starting either 1st January, 1st April, 1st July or 1st October) after the quarter in which Completion occurs (each such twelve-(12)-month period being referred to as the “Guaranteed 12-Months Period”).
Based on this proposal dated back on 17/10/16, since ASAP acquisition was completely in August 2017, so the guaranteed profit will only be counted starting from 1/10/17 and the corresponding QR result shud be in Feb 2018. However, since ASAP already under ORION from August 2017, so whatever profit they achieved in August and Sept 2017 (2-month) shud still be reflected in the QR this month. So let's say ASAP has an annual PAT of RM7.5m, the 2-month PAT will be roughly RM1.25m. Even if u minus whatever net loss amount from ORION company alone, this QR shud be able to give u a green result, hopefully
ASAP maintains a high profit margin (>50%) since 2013, now with their CEO also in charge of ORION, this could be the most exciting turnover counter in 2018
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....
Toy Tong
50 posts
Posted by Toy Tong > 2017-10-29 20:40 | Report Abuse
Qr前没有惊喜