Notion vtec has several factories. Not just 2, the property value on their balance sheet is about RM60million. They sold off RM9million for about RM20million. If you use this recent transaction as a benchmark, the remaining properties are easily worth over 100million. This is equal to their current market cap.
The machineries can continue chugging out products for the next 10 years and they continue to be a supplier to major players in the world. The operating cash from these machines are around RM20~30million, this is at the worst period of operation, this is without taking into account the recent depreciation in the ringgit.
The company looks to be on the cusp of a turnaround, and the forex changes are a big tail wind.
If they will earn 35 mil or 13 cents per year, that also means they will increase the NTA for 13 cents. 1.08 + 0.13 = 1.21
The NTA can roll bigger quite easily.
Magic of small issued shares.
When these figures appear obviously in news or financial report, the price will definitely move.
But now not yet. Haha..
Wait another 2 Q. Be patient.
If still can't perform then will really against the board in agm la. I believe many ppl are very frustrated already. If got few ppl voice up in agm I think many will join in to against them. They only have 2 Q to turn over before the agm.
throwing again....hahahaha... i think they are jealous that you 2 have a lot of shares in hand. They are waiting for you 2 to throw out first before goreng
tcf is purposely to push down the price ? selling at this price shouldn't benefit him at all. the company assets and future is bright as business turnaround coming on the way. couldn't figure out why he want to sell down so aggressively.
He sold about 9.2m shares in total, but in the same period, 13.748m total volume. Assume some ikan bilis innocently put in buy Q at that time total 2m (RM800k already, not considered so ikan bilis anymore...)
If the sales action is designed to force ikan bilis to sell to him, he could have a net increase of 2m shares, or more, depending on who will follow him sale this week too.
history tells that changing hands for goreng syndicate. If not, where the goreng syndicate get their shares to goreng. Must throw some shares to them to play lah
Insider information can be used to trick people too.. If you assume he sold yesterday, to give impression of bad news. (Notice how fast he file his submission to bursa) some ppl may follow him to sell today... and he'll quietly sapu up.
If his actions prove anything, it proves that there's NO SELLERS... even with yesterday's heavy selling. He sold 4m, total volume 4.25m
This is also noticed from the few weeks trading patterns, (exception to the days he sold) there's just no one else willing to dump into the buy Q at all. If anyone who want to accumulate a big volume from the open market will easily drive the price up..
THE REPORT SAY...With the bulk of the unfavourable forward contracts which had expired, things should improve from this quarter onwards given the strong US Dollar and Euro against the Ringgit.
another 2 million sold today I think... kakashit, of course that's good for those not buy in yet. we're already in the boat, and is assessing what's best for us :P
But the problem with sharks is, you don't know what's their strategy... same with when a share is being goreng-ed up... you can sell too early, or you miss boat if your TP is lower than the sharks max price...
You can q 35, but we won't know what's the TP they have in mind. I guess TCF won't act without informing other directors, also, it's not gonna be good if he pushed it too low too... Generally, that's the way these family owned businesses operate la, unless they really have a big dulan argument, and TCF don't care at all anymore.
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....
blackout
28 posts
Posted by blackout > 2015-10-11 16:36 | Report Abuse
Notion vtec has several factories. Not just 2, the property value on their balance sheet is about RM60million. They sold off RM9million for about RM20million. If you use this recent transaction as a benchmark, the remaining properties are easily worth over 100million. This is equal to their current market cap.
The machineries can continue chugging out products for the next 10 years and they continue to be a supplier to major players in the world. The operating cash from these machines are around RM20~30million, this is at the worst period of operation, this is without taking into account the recent depreciation in the ringgit.
The company looks to be on the cusp of a turnaround, and the forex changes are a big tail wind.