This is the summary i see from announcement, based on announcement date, so while compare QOQ or YOY , we need to take this out, as this is is not part of business performance
cant remember the BIL is recognize into the account or not, if recognize before, the the PAT of 12.1mill is pure from business performance, if is not, and this Q4 recognize, then we have to take out this and measure.
For the full year, the sales came in at RM238 mil from previous RM256 mil, a decrease of 7% due to interruption in moving machines between factories and lesser orders especially from the effects of the trade war.
For the coming quarters starting with Q1FY2020, we expect the contribution from the EMS sector to increase steadily and also contributions from other segments. We target sales revenue of RM320 mil in FY2020. We expect further growth in FY2021 with targeted sales of above RM400 mil annual sales mainly from the fabrication business. These figures have not been audited and are internal management targets.
With better economies of scale, we hope the targeted 7.5% to 9% PAT margin and EBITDA 20% margin will be achieved as a result of the Group’s move into precision fabricated machined metal parts in the EMS sector. This is a strategic move, away from being a 100% machined parts manufacturer, which will help generate more sales per ringgit invested in capital expenditure.
We expect a finalization of the Business Interruption Loss (BIL) claim in the near future.
The capex budget next year in line with new customers in the HDD, Automotive and Camera segments, we expect another RM25 million expenditure to meet order demand.
For FY2019, the Board is pleased to announce an interim single tier tax-exempt dividend of 1 sen per share and such declaration has already exceeds our current dividend policy of 30% PAT payout.
If see from operating profit before working capital changes, thats the improvement, the net cash from operating activities negative due to more payment to supplier and tax as well while compare to last year audited report.
The total debt to equity now stand at 0.1579, if compare last year audited report 0.107, although increase a bit, but this financial position still consider healthy and very low. and somemore Company is in net cash position.
As long as the management keep create value to the shareholders, have a good credibility, doing expansion in a right track, have a good ESG. The most important thing is that, there willing to reward the shareholder and taking care of them as well, no matter the shareholder is a giant whale or little tiny nemo fish in the ocean. I don't find any reason you should giving up on this counter at this time.
Market are where the balance of force buying and force selling vs each other then the price determine the 2 party willing to exchange goods with the consideration of cash. Is sound simple but yet many newbie still asking why today price going up, why today price going down. The market moods affect by many factor like personal emotion, news, rumours, prediction, internal and external factor etc.
Holding Power is important,is it a matter of time for management to deliver what there are expected. Don't care about those noise surround you. You should know what the things you buying now. You should have the ability to judge whether thing are right or wrong. Each move whether is buying or selling, you are responsible on your own move. You have to review your strategy as well.
Of course keep tracking on the Company performance too.
Dear 888next, I have glanced through your financial reports. I can’t help but noticed that prior to the unfortunate fire incident, Notion had not been able to record a consistent stream of profit (2012 to 2017). May I know what is the reason for the past results?
hope the money made from the fire incident can translate into some good investment....after spending big money on expensive machinery n equipments again
The wonderful result of 2018 included insurance compensation. Without the compensation, the earnings wouldn’t look too pretty. However, that’s the last. Investors are forward looking.
The problem with retailers are they always looks backward on the past history and trying to find bone from chicken egg in order to justify their investment!! BUT when fund managers buying and push up the price, they will just follow blindly regardless at what price!!!
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....
Huat1
2,509 posts
Posted by Huat1 > 2019-11-26 17:34 | Report Abuse
Invest for the future