SANICHI - after 5 trading days of price & volume movements...please find my insight for this counter......We spoke at length and in-depth about the fundamental facts of SANICHI before...namely the diversification effort into property investment - maiden project MARINA POINT...however, the company's ambition was thumbed down by the weaken economy in Malaysia (with severedly depreciated ringgit)...which we saw bank & property sectors suffering and.facing its' most challenging time at the current moment....difficulty in borrowing of loans, high construction cost, low demand for property are all the factors that damaged the initial ambitious planning by SANICHI...proof : the "crying wolfs" in its' official launching of MARINA POINT...would there be a hold back of project...or abandon?...or delay...only the Managing Director knows the answer....Apart from that...it was recently announced that PROTEV (known to be the biggest client for plastic mould business) joint venture with SANICHI to formed SANICHI PROTEV SDN BHD and become as 100% subsidiary own by SANICHI TECHNOLOGY BERHAD....followed by announcement of the proposal of par value reduction + share consolidation + rights issue...to sum up the proposal...SANICHI need to achieve 1) financial creditabilty status to enable bank loan borrowings (the company can't borrow money from the bank with it's market value below 0.10)...2) to secure better earnings by having an A-Z factory (by not subcontracting jobs to others which shed thin the profit margin)...3) To implement further the property diversification agenda by exploring new ventures.......After all and all...I personal believe the common saying "nobody want to be a beggar if they have an option to be a prince".....Unfortunately...in Malaysia, majority of retail investors are gamblers...they know nothing about fundamental....for the last 5 days...there are rumours, claims, false analysis, condemned statement spread everywhere...that has put significant pressure on Sanichi shareholders who had been long in severed loss position....BIG BOY sensed it well...started playing the stock price DOWN instead of UP...why...because pushing it DOWN is much easier than pushing it UP...that's why you see 0.045 today....I can't change the big environment surrounding SANICHI stock....now I'm only concern how to play this stock.....my stand for now....1) Integrity issue - my question is are these Pang, Mah & MARA here to cheat? ~ my answer is they did not intend to cheat from the start...but if the market & the economy push them to the corner, they have to protect their own interest first before the general investors....that's where cheating come into the picture....I will use the qtr result as a guideline to know whether cheating is in the the process....simple rationale: Sanichi in the proposal ask for money to build a long laid off factory...to me it only make sense if the next qtr result should be a very good one in terms of Sales...or else...why build own factory if you are not sure of the business future?....Therefore, the qtr result that's deemed for announcement by the latest 29/02/2016 must show a stellar performance under the sale revenue column...if not...I would suspect cheating is on it's way.......As for the proposals...it will take months to implement or it might not even happen if SC disapprove it....given that we still have time...I suppose the price will start to rebound IF the QTR Report is "Execellent"...if not...we will still wait if BIG BOY is collecting enough for a push before the announcement of the share consolidation date ( it takes months for high court to give order to par value reduction")...by then we will reassess the situation again to see whether it's worth taking up the rights or CUT-LOSS.
陈俊勇, got a point. Really thin can do for its existing shareholders. Cross finger and play the New Proposal will be the ice cracking to the old Sanichi..
陈俊勇 do u collected some sanichi from market already?u purposely register a name to share ur opinon about sanichi?need to becareful sanichi,Mr Pang is quite cunning people,saw him from AGM.thanks again for ur sharing
Even how good now the qtr reports come out also hardly to be trust....cause the last qtr results reported 11mil fix into company FD, 10mil+- in receiver account, 10mil in cash flow.....look perfectly, but.....but......surprised by the new proposal.
my final conclusion...no one is going to take the warrant looking at the mother price now..the mother will soon has to move up gao gao ... and they will cancel the last corporate exercise..wakakakakaka...believe it or not
Nearly 10% of total shares came out seen the announcement had been make, remember when price slumped form 0.085 to 0.06 almost 20 percent of shares traded.
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 31 Dec 2015 31 Dec 2014 31 Dec 2015 31 Dec 2014 $$'000 $$'000 $$'000 $$'000 1 Revenue 6,117 11,627 11,371 16,524 2 Profit/(loss) before tax 792 1,808 2,216 2,093 3 Profit/(loss) for the period 792 1,808 2,216 2,093 4 Profit/(loss) attributable to ordinary equity holders of the parent 848 1,584 1,938 1,784 5 Basic earnings/(loss) per share (Subunit) 0.10 0.20 0.20 0.20 6 Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($$) 0.1200 0.1200
Not many of you can read quarter report accurately. The result (profit) for the current year to date (2Q15) is better than corresponding period of preceding year (2Q14). For the current, company is performing well. Ha ha ha...
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....
stupid_investor
702 posts
Posted by stupid_investor > 2016-02-25 18:00 | Report Abuse
The directors are no fools nor the investors.