I say sack the chairman Under his stewardship co went into all sorts of diversification and loss its pants And big loss in forex with inordinate huge forward positions Chairman has also sold down his stake I don't see bright future if he remains He must take full responsibility for the losses
I believe TH was the buyer doing the last minute window dressing. TH did not buy the whole day while price was only .405 Last minute grab more than a million shares at 42 sen. What is the motive?
Hi Val-Elta, do you know why there is a huge loss in 2014 (-RM27.7million / -10.34sen EPS)? If the loss for 2015 was due to forex derivative hedging, what was the cause for 2014 loss? Thanks.
No the fees r not reasonable now, but they were set when the company was making 50m per year. Even then it was high. 2014 was largely due to over expansion from expected orders from slr, but as the market crashed...
Don't want to say too much d, yes, blackout's figure is realistic, and is most probable. At best, it could be higher, or even much higher. At worst, should be 5m profit at least.
For this coming Feb results derivative gain is based on 4.29 per usd the rate on 31 dec. For the may results we hv to wait for the end of march xch rate. Lets hope the RM appreciates but not too much. Weak RM good for xports com.
1.5 is a realistic figure. Your 77m value is incorrect. At the end of december, the figure should be ard 50m (Some of the contract is realized at oct, nov, dec)
So the actual formula is realized gains at oct, nov, dec ~7m of contract settlement per month + unrealized gain of ~50m marked to 4.29
The actual calculation is a bit more complex, there seems to be indication that the M2M happens on a monthly basis.... (so ignoring the actual much complicated calculations) sum of realized + unrealized is accurate at 1.5-2m
Few more weeks to go.... there's also some other promising figures, on a Y2Y basis... So, I'm a bit more optimistic now. Let's hope that the Q result is as per my expectations...
think he's just staying quiet I guess.. apparently posting too much here is not a good thing as well. Really no volume here... have to wait the Q result. For another news... Nikon share price is at 1 year high...
no further progress on increased sales or product lines for their automotive. They used to focus on antidisc for HDD, they can actually diversify to other parts of the HDD
What's ur expectations for the current q results? Jan and now Feb, the forex is around 4.1x so very likely again derivatives gain for next q result too. US interest rate increase if happens in may or June will be perfect timing to push USD higher again. By that time notions derivatives will be almost finished, and gains in forex will be beneficial. There is actually some signs that Notion managed to diversify its business in this year...(2015) so I'm glad to at least see that their excess machining capacity can still be put to use...
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....
25023
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Posted by 25023 > 2016-01-01 10:13 | Report Abuse
I say sack the chairman
Under his stewardship co went into all sorts of diversification and loss its pants
And big loss in forex with inordinate huge forward positions
Chairman has also sold down his stake
I don't see bright future if he remains
He must take full responsibility for the losses