**Majority here do not own Notion shares **majority think that short term pain long term gain **majority expect monday price will goes lower **majority will buy if price drop further
So u really think the price can go down much below 60 cents meh?
WVB 68 .... there are certain wrong info you shared. Anyway, noted and thanks for your comment
Total CNC machines in Klang main factory is about 1,500, not 500. For production capacity utilisation, for HDD segment this is about 50-60% average 55%, for automotive and camera segment, think this is run at optimal utilisation, is about 90-100% utilisation rate, overall is about 70%.
Notion Venture Sdn Bhd was impacted by this fire incident and Notion Venture got automotive and HDD segment (not sure Camera segment is there or not). To me, if fire impact to automotive section, then this will be more serious than to HDD segment due to utilisation rate and availability of spare machines to operate. For HDD segment, dont think will benefit a lot to other competitors like Dufu, Engtek and JCY (not study in detail the precision component they are doing).
Klang factory about 1500 machines .... if 3 storey then each floor 500 machine ...... but damages is to 500 machines. Whether serious or not, if major components of machines impacted and affecting operating condition need to replace with new one ....
Aiyoh baru fire u think so fast can install new machines meh ?u think other departments can start work meh ? U want to claim insurance or not? All production in Klang factory kena stop lah. Production sure be affected lah .....tomorrow i kesian u lah I q buy 41 sen 1 sen above limit down level
Posted by stncws > Oct 22, 2017 04:00 PM | Report Abuse
another unthinkable sultan763@ no brain !!! ask shareholder to buy back to support pice,,,,naïve and look like little boy!
Really I am speechless and have no idea how to answer stupid person like you hahaha, which part of my comment was asking shareholder to buy...go learn english before you start commenting
There is enough supply of new CNC machines in the market. It is not the problem to get new CNC machines.
The problems are: [a] Do they have vacant big building to install new machines and set up new lines? [b] If they have such a building, how long is the preparation for new line to start production? [c] How about approval from local authorities like Bomba department....? [d] How about those ISO audit- how long are they going to complete it? [e] How about Customers audit- do their customers still give full trust on this supplier? etc....
Go n see the the company burn down b4 u buy. Need time my friends said sell first come back later. Very cheap than buy. Don worry about up down just this week no sayang. Many counters still cheaper than this counter r better than this counter.JUST CHANGE TO OTHER COUNTER. WE R JUST IKAN BILIS....
Type Announcement Subject OTHERS Description Notion VTec Berhad ("NVB" or the "Company") - Fire Incident - Update “Unless otherwise stated, the terms used in this announcement shall carry the same meaning as defined in the Company's announcement dated 20 October 2017.”
Reference is made to the Company’s announcement on 20 October 2017 pertaining to the fire incident occurred at its main manufacturing plant in Klang, Selangor.
The Board wishes to inform that the fire incident happened at 1.51p.m. on Friday, 20 October 2017. The fire source, apparently from a ventilation fan, spread to all the main plant roofing behind the main office in Notion Klang factory located at Lot 6123, Jalan Haji Salleh, Batu 5 ½, Jalan Meru, Klang, Selangor. It has affected more than 552 Computer Numeric Control (“CNC”) machines and Work-in-Progress (“WIP”) goods and the Quality Control “QC” building but not the rear building and the surface treatment plants are good and operational.
As the Fire Department forensic team is doing investigation and there are still concerns of smoldering remnant smoke and the possibility of injury to falling structure, no personnel is allowed in. By Tuesday, 24 October 2017, the Management should be able to gain access to salvage the tooling, jigs and fixtures and do recovery and commence some production using some spare CNCs in Factory 3 located 1 km away.
The building structure will need to be removed and rebuilt including the air supply and electrical wiring and ancillary equipment.
The insurer and adjuster team is on site to assist in helping Notion recover in the quickest possible time.
Notion has adequate insurance coverage - RM350 million for property damage, RM217 million for business interruption up to 18 months. Preliminary estimate of the loss is about RM150 to 200 million. Once we gain access to the site we shall be able to assess the extent of damage and provide a more accurate estimate of loss.
Meanwhile, Notion is ordering and sourcing for emergency replacement CNCs and quality control equipment. The Company will discuss with customers’ team, on Notion’s current stock of Finished Goods, availability of spare CNCs, spare factory space and possibility of either renting or buying any existing CNC s that can help Notion recover faster.
At this moment, the Company estimates the affected segments are the camera, Hard Disc Drive top clamps and automotive parts but the Company will recommence production in Factory 3 using any spare capacity that Notion has as well as sourcing and renting suitable CNCs and if needed, rent additional floor space to meet current and new customers’ requirements. It is not easy to out source to other machinist companies as it requires safety certification and approved vendor which will take time. Notion is committed to restore the orders requirement to the customers’ requirement.
Notion has adequate financial resources to quickly make even cash payments to secure any equipment or CNC or materials.
Meanwhile, Notion has laid out a fast recovery plan to execute in order that the customers’ orders are fulfilled and their concerns allayed. The Board hope that the shareholders will stand along with Notion as Notion will overcome and rebuild again for the better.
The immediate effects of this outage in this affected Plant is about 50 to 60% of the Company sales revenue but with the fast recovery plan, Notion will have restored 75% of the outage progressively within 5 months and the balance within another 3 months. But of course the full restoration of structure and Certificate of Fitness may take up to a year.
The Company will redesign the roofing of restored building to include an impervious ceiling layer over the production floor (to protect and minimize any other fire incidents) and implement better Safety and Occupational measures and enforcement.
The new high volume manufacture of a lifestyle consumer product and another tubing project, are not affected by this fire as the new production lines are planned for in the Southern region. There may be a slight delay in the planned production as manpower is focused on the Klang plant to recover quickly.
The Board will make further announcement whenever there is new development on the physical recovery as well as any significant financial impact on the insurance claim.
The immediate effects of this outage in this affected Plant is about 50 to 60% of the Company sales revenue but with the fast recovery plan, Notion will have restored 75% of the outage progressively within 5 months and the balance within another 3 months. But of course the full restoration of structure and Certificate of Fitness may take up to a year.
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....
ming
2,081 posts
Posted by ming > 2017-10-22 15:17 | Report Abuse
As my observation..
**Majority here do not own Notion shares
**majority think that short term pain long term gain
**majority expect monday price will goes lower
**majority will buy if price drop further
So u really think the price can go down much below 60 cents meh?