Like armada, didn’t expect impairment to be so huge from delay despite reporting strong revenue from QoQ. Now, armada really don’t hv anymore downside risk other than continue making money and service it’s huge debts.
So, the risk here from inventories conversion is either they sold a lot machine or they write off a lot inventories.
What u think? Base on no huge selling pressure upon ESOS, my take is the employees think it’s worth to hold.
Commentary on Material Change in Statement of Financial Position (i) Higher inventory as at 31 July 2018, RM18.5 million as compared to RM13.9 million as at 31 October 2017, due to potential sales of the Company. (ii) Increase in trade receivables from RM12.3 million as at 31 October 2017 to RM18.4 million as at 31 July 2018. There were subsequent receipts from customers amounted to RM2.8 million after the financial period ended 31 July 2018. No impairment is needed as these amounts are recoverable from customers based on their financial standings and payment history. (iii) Trade payables decreased from RM1.8 million as at 31 October 2017 to RM1.5 million as at 31 July 2018, and Borrowings increased from RM3.6 million to RM5.5 million, mainly due to the purchases of materials to build up machines for customers.
I think less than 1% understood what those Numbers mean. I did say long ago that inventories conversion was at its peak, and trade receivables and revenue should follow soon.
You have better chance with women than predicting Mr. Market. Let’s hope people will use this weekend wisely and study the report.
Do u guys ever wondered who was the people that did the private placement? Just saying.
In view of the improved financial performance year to date, the Board is confident of delivering a better financial performance in this financial year 2018.
so we could safely say this year will make at least RM8m profits? question is next year can make RM10-12m?
I mean...if the prospect to continue to make money is there and the market isn’t trading too far into its future earnings; I will keep.
But PE 40, Gtronics, Vitrox, Mi or Penta, I will sell. Their best case is price will either up abit or hold. Upside limited. Downside is huge to buy in. Then can sell dy.
Historically, that’s how the “operators” of this counter works.
I hope the volume on Monday is big. If he buying pressure on Monday is big. Then, his last min shopping won’t work. He feels like a small fish pretending to be big FM. That’s based on the queue pattern.
It only works when it’s small. Now, those who are here know it’s good QR. Create a buy pressure. Everyone chip in 5 lots all the way down to 0.5. Then it won’t go reverse gear.
if my calculation is correct, VIS converted about 4.45 million worth of inventories to generate revenue of 13.34 million(Revenue - Converted Trade Receivables + Changes in Trade Receivables). And this quarter, they converted another 6.14 million worth of inventories. 40% increased in inventories conversion translating to about 18 million worth of revenue generation. You put 20% margin, then profit should be about 3.6mil next quarter. But if they don't collect cash but credit term, then the number will run by abit depending on changes in trade receivable next quarter.
But they do go holiday from Nov till Jan. Soooooooo....it's up to you guys.
VIS is a chance to collect and become millionaire soon, back to 10 years ago, if you spent Rm 20 K buy VITROX up to today, you already get back Rm 20K by DIV, and you have RM 1 M share in stock Market. There is big cash flow in VIS from China, VIS started hiring those expert from Vitrox, teradyne , those Equipment SEC GEMS experts. Besides, they are in discussion on few Backend semi for the industrial 4.0 project.
need to hold tight, based on VIS records, the big shark and some internal owner, they will throw first then collect at lower price, as long as we hold tight, then we will earn.
Lame, you cant get 58cents with this kind of results, what i know is, when you have record profits you will have record share price, still far from record price
I know Bro...in 2016, got a record profit too back then. It closed at 0.76 on QR. The next morning, I tried my luck by queueing at 0.72. Guess what? It opened at 0.68, before closing at 0.66 or 0.64. I think within the same quarter it shot above RM1. I sold at 1.1 before peaking at RM1.4.
I just saying. Try queue at 0.58 and below. Who knows u might get lucky to do last min shopping. I’m not in a hurry to see Vis above RM1.
Why are you deterring people from queuing low? I’m not asking people to sell low? Why? I’m spoiling ur plan ar?
Queue. Jangan tak queue. If u can’t collect low, at least, u can spoil operators plan to manipulate the price.
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Posted by RJ87 > 2018-09-20 17:03 | Report Abuse
Waiting QR report, trying to get attention to either shoot it through the roof or selldown to collect low.
It will pop up on market's chart if set volume trigger.