If you look at the condition evermix is sold to esceram. The evermix boss can excercise option to convert more stock at esceram if evermix produce good result . You know why the price is at below 20 sen for so long. Because they know the price will go much higher that why they wan to eat as many tickets as possible.
When glove sector big rally. Esceram no respond. When building material sector big rally esceram no response. Dont you think something not right. Can only be the timing is still not right for them.
The timing of the Profit Guarantee from the S&P is already locked in and set, so the share price being down at 18 cents had nothing to do with the S&P Agreement.........or the amount of shares the Vendor gets from the deal.
Keep in mind the Vendor has already received the cream from the deal in cash and a bundle of shares.
The next allocation of shares for the Vendor is when the Profit Guarantee initiative time period is completed.
This counter has been in sleeping mode for more than two years. Suddenly these few days it just awaken and rallied up. There must be something brewing. I dont think the results is the reason for it to rally since it's mainly on impairment reversal.
AdCool, punters merely look at the headline numbers and if they look reasonable then all the fantasy stories come out. Currently, the EPS from the cement business is 1 sen p/annum.
Coincidently, the deal on the Profit Guarantee share deal is also at Rm5.5 Million p/annum........which is 1 cent annualised EPS.
Inorder to encourage all wb holder to convert like in Dnex case. Highest priced warrant is 70sen + 20sen strike price = 90sen. Probably will reach 90 sen above by November. Esceram may use the proceed to make some corporate acquisition again or to fund other strategic moves in 2024. If it really happens above rm1 is possible . Time will tell.
When all the glove counter rebounded 100 to 150 %. Esceram got no movement at all. So even Esceram start to rebound now by 100% is just playing catch up. Esceram is the only profitable glove related counter these 2yrs. It is also the only glove related counter still in positive pe 3 while all the others are negative PE. Kossan is - PE 500.
whether you value it in Healthcare or Construction. It got massive undervalued potential.
BTW most glove counters started to go above long term bull trend signalling reversal.
with such powerful mthly macd golden cross at 30 sen. 33 sen will be a bait for u to sell. the last time Esceram got such powerful mthly macd GC. It go up 10x within 16 mths. This time how many x , time will tell.
0100 ESCERAM, ES CERAMICS TECHNOLOGY BHD - + Changes in Director s Interest (Section 219 of CA 2016) 31 Jul 2023, 07:00 Particular of Director Name WONG FOOK LIN Address - NRIC - Nationality Malaysia Descriptions (Class & Nominal Value) Warrants B 2020/2023
Change Detail Change Date 28 Jul 2023 Change Reason Disposal of Warrants B 2020/2023
Transaction Detail Transaction Type Date of Change No of Securities Price Transacted (RM) Disposed 26 Jul 2023 5,000,000 0.000 Disposed 27 Jul 2023 4,343,200 0.000
No of Securities after Change Direct Interest (units) 30,757,725 Direct Interest (%) 17.62
Consideration You are advised to read the entire contents of the announcement or attachment. Remarks 1.The 9,343,200 Warrants represents 5.35% of the issued warrants of the Company.2.This announcement also serves as an announcement on notification under Chapter14 of the Listing Requirements (Dealing Outside Closed Period). You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com N202307313700205EN
to those value investor interested in knowing EVERMIX prospect and potential.
Evermix’s customer base comprise construction companies and building material traders. Evermix’s ready-mix concrete can be used in all types of construction sub-sectors, be it residential, commercial and industrial, or infrastructure construction projects.
Moving forward, Evermix intends to Expand its reach to cater for demand from other states in Peninsular Malaysia.
In particular, Evermix intends to expand into the northern region of Peninsular Malaysia (i.e. Kedah, Perlis and Perak) and southern region of Peninsular Malaysia (i.e. Melaka and Johor).
To this end, Evermix plans to set up 1 concrete batching plant in the northern region of Peninsular Malaysia by the end of FYE 31 May 2023. By setting up the new concrete batching plant, Evermix expects to be able to meet demand from commercial construction projects in the northern region of Peninsular Malaysia, particularly in light of the growing Semiconductor and Electronics industry in the states in the region. In addition, Evermix intends to acquire additional concrete mixer trucks to cater for its expansion. The costs for setting up of these concrete batching plants and acquiring new concrete mixer trucks are estimated to be RM2.0 million, which will be funded via its internally generated funds.
Based on the above, the Board is of the opinion that the enlarged Group would be well-positioned to capitalise on the growth of the construction industry, and that the prospects of the enlarged Group would be positive.
Esceramics operation and ownership is slowly transfering from Wong Fook Lin to Evermix boss and operation team. Lim Ming Jee, Tan Boon Sing (on BOD recently) and Stella Teo Moi Lin
New Chairman since may 2023. 2 mths later Esceramics fly. New management New outlook.
Datuk Paul Wong was a CEO of a PLC in Singapore, listed on Catalyst SGX-ST, primarily involve in hospitality, leisure and property development.
He was instrumental in turning around the group businesses in Australia and Malaysia upon his appointment as CEO.
Datuk Paul Wong sits as a director of several hospitality companies both locally and internationally, in particular a 245 keys Park Hyatt Saigon, in HCM City, Vietnam; 205 keys Crown Plaza Alice Spring Lasseters and 200 keys Holiday Inn, Melbourne, Australia (prior to disposals), 229 keys Mercure KL Glenmarie, Malaysia, to name a few.
Remember. Warrant will go expired in Oct. Management will want encourage holder to convert. To entice them mother price need to be high. (like Dnex case) Management will get the extra funding for Expansion for Evermix. Company grow long term shareholder benefit. Win win situation. New chairman and BOD are capable people. Succesful turnaround story under the New chairman Datuk Wong Baan Chun, J.P. . He will make esceram another of his success case story.
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....
OneOracle
545 posts
Posted by OneOracle > 2023-07-28 15:27 | Report Abuse
If you look at the condition evermix is sold to esceram.
The evermix boss can excercise option to convert more stock at esceram if evermix produce good result .
You know why the price is at below 20 sen for so long.
Because they know the price will go much higher that why they wan to eat as many tickets as possible.